11/16/21 Macau’s Chief Executive gave no details about casino licences renewal Ho Iat Seng, Macau’s chief executive, was asked about the possibility of a renewal of Macau’s six gaming concessions but gave a noncommittal answer.
11/16/21 South Korean casinos get grace period on payment of tourism fees Authorities have allowed two casinos extra time for payment of this year’s Tourism Promotion and Development Fund fees.
11/15/21 Wakayama citizens call for an IR referendum People in Wakayama have collected over 3,000 signatures to demand a referendum on the development of an integrated resort in the city.
11/15/21 Macau GGR down 18% in the second week of November Macau’s GGR for the second week of November was down 18 per cent when compared to the previous week, from an average daily revenue of MOP235m (US$29.3m) to MOP194m (US$24.1m).
11/15/21 Macau’s inbound-tourist daily tally continues recovering in November Macau received 30,105 visitors on November 12 and a daily average rate of 25,433 visitors between November 5 and November 11.
11/15/21 Macau casinos praised for their fight against gaming-related crimes The Gaming Inspection and Coordination Bureau (DICJ) has praised Macau’s casino operators’ efforts to comply with Covid-19 countermeasures and cooperation to fight against gaming-related crimes.
11/15/21 Melco expects to launch Studio City Phase II by December 2022 Macau casino operator Melco Resorts & Entertainment hopes to launch Studio City casino resort’s Phase II before December 27, 2022.
11/12/21 Police in China dismantle illegal sports betting gambling ring Police in Wenzhou City have dismantled an illegal gambling ring that used online sports betting loopholes to make a profit of nearly US$4.6m.
11/12/21 Jeju casinos could add remote gambling and blockchain technology The proposal was made during the Jeju International Casino Policy Forum.
11/12/21 Galaxy chairman welcomes proposed changes to Macau gaming laws Dr Lui Che Woo, Galaxy Entertainment Group’s chairman, said the revision would help secure the long-term viability of the sector.
11/12/21 Macau casino operators property EBITDA down 97% for Q3 Deutsche Bank has revealed property EBITDA was down 97 per cent when compared to pre-pandemic levels.
11/11/21 AGTech revenue up 36.6% between January and September 2021 AGTech Holdings has reported a 36.6 per cent growth in revenue between January and September 2021 amid a rebound in the Chinese lottery market.
11/11/21 Moody’s downgrades Melco outlook Analysts at Moody’s Investors Service have assigned Melco Resorts a lower rating due to a slow recovery in earnings.
11/11/21 APE implements diversification strategy Asia Pioneer Entertainment Holdings (APE) has diversified into smart vending machine operations in Macau due to the impact of the Covid-19 pandemic.
11/11/21 Galaxy Entertainment revenue down 23% for Q3 Galaxy Entertainment has shared its financial results for the third quarter of the year, reporting a decrease in net revenues to HK$4.3bn (US$551.9m).
