East Asia

Macau’s GGR for 4Q21 to be the worst of the year, analysts say

According to a survey by Bloomberg, the fourth quarter will be the worst of the year for Macau’s casino operators, mainly due to the outbreak of local Covid-19 cases in October.

10/20/21

Proposal for South Korean foreigner-only casinos to offer remote gambling

Lee Sang-heon, a member of the National Assembly’s Culture, Sports and Tourism Committee, has proposed casinos be allowed to offer online gambling services.

10/20/21

Shinhwa World Casino urged to halt redundancy programme

The Shinhwa World Casino has been accused by the Jeju Tourism Service Union of pushing its workers into voluntary redundancy.

10/19/21

Philippines banks warned to work only with registered POGOs

The Central Bank of the Philippines has reminded banks and financial institutions to deal only with registered POGOs.

10/19/21

Macau set to register lowest problem gambling rate in a decade

Macau’s Social Welfare Bureau has reported that the city is likely to record its lowest problem gambling rate in a decade with only 25 cases registered in the first six months of the year.

10/19/21

Grand Emperor Hotel to reopen after two-week lockdown

The casino resort Grand Emperor Hotel has resumed its food and drink operations after a two-week closure. The property’s gaming floors are still being disinfected.

10/19/21

Macau GGR down 26% for Q3

Macau has reported gross gambling revenue of MOP$18.76bn (US$2.34bn) for the third quarter of the year, down 26 per cent quarter-on-quarter.

10/18/21

G2E Asia 2021 postponed to August 2022

10/18/21

Macau entertainment venues allowed to reopen

All entertainment venues will resume operations from tomorrow amid a decline in Covid-19 cases in Macau.

10/18/21

Zhuhai to ease travel restrictions with Macau from tomorrow

From October 19, travellers from Macau who want to enter Zhuhai will only have to show a negative Covid-19 test and will no longer be required to quarantine on arrival.

10/18/21

Macau gaming law consultation sessions rescheduled

Macau’s Gaming Inspection and Coordination Bureau (DICJ) has said that four cancelled meetings for the public consultation on gaming laws will be rescheduled between October 22 to 25.

10/15/21

Macau casinos require employees to vaccinate against Covid-19

Casino operators in Macau have said that all employees must be vaccinated against Covid-19 or hold a negative test certificate, issued within seven days.

10/15/21

Las Vegas Sands’ CEO says AAEC’s claim “exaggerated”

Dave Sun Minqi, senior vice president and chief financial officer of Las Vegas Sands Macau told the court that AAEC’s suit for over US$12m was exaggerated.

10/14/21

Macau: IMF forecasts GDP growth of 20.4% for 2021

The International Monetary Fund has downgraded its predictions for Macau’s economy as the city has been heavily impacted by the Covid-19 pandemic.

10/14/21

Melco Resorts credit rating downgraded

Melco Resorts & Entertainment’s credit rating has been downgraded by S&P Global due to a slow recovery amid the Covid-19 pandemic in Macau and the Philippines.

Check the latest East Asia news

Macau’s GGR for 4Q21 to be the worst of the year, analysts say

Proposal for South Korean foreigner-only casinos to offer remote gambling

Shinhwa World Casino urged to halt redundancy programme

Philippines banks warned to work only with registered POGOs

Macau set to register lowest problem gambling rate in a decade

Grand Emperor Hotel to reopen after two-week lockdown

Macau GGR down 26% for Q3

G2E Asia 2021 postponed to August 2022

Macau entertainment venues allowed to reopen

Zhuhai to ease travel restrictions with Macau from tomorrow

Macau gaming law consultation sessions rescheduled

Macau casinos require employees to vaccinate against Covid-19

Las Vegas Sands’ CEO says AAEC’s claim “exaggerated”

Macau: IMF forecasts GDP growth of 20.4% for 2021

Melco Resorts credit rating downgraded

Regulation

Philippines central bank proposes stricter payment rules for casino operators

Casino

Singapore probes Indonesian man over fake S$10,000 notes at Resorts World Casino

Business

Lawrence Ho transfers 26.44 million Melco Resorts shares to irrevocable trust

Casino

Macau premium-mass wagers down 45% year-on-year in September, Citi survey finds