04/14/21 Taiwan introduces lottery changes to push cloud receipts The Taiwanese Government will increase the number of lottery winners and introduce a new NT$800 (US$28.10) prize.
04/14/21 Macau GGR up 16% in second week of April Analysts have reported that Macau’s gross gambling revenue reached a daily average of US$36.2m.
04/14/21 Nagasaki launches new IR Promotion Council The prefecture has established an IR Promotion Council comprising 22 groups in the Kyushu region to create networking opportunities with local businesses.
04/13/21 Mohegan to reduce debt/EBITDA by the end of year, analysts say Moody’s Investors Service expects Mohegan to reduce debt to EBITDA this year.
04/13/21 Jeju casino opening could be delayed by rise in Covid-19 cases There are doubts around the opening of Lotte Tour’s relocated Jeju casino in South Korea due to the Covid-19 pandemic.
04/13/21 Hong Kong: 65 arrested in raid on illegal gambling den Police have busted a gambling den and found a police officer was linked to the illegal operation.
04/13/21 Analysts expect Macau casinos EBITDA to drop 23% for Q1 According to Morgan Stanley, Macau casinos will report an EBITDA of US$181m, down 23 per cent from the previous quarter despite an increase in gross gaming revenue.
04/10/21 Macau economy could grow in 2021, analysts say According to the University of Macau, Macau’s Gross Domestic Product could grow by up to 33.5 per cent in 2021.
04/10/21 Analysts expect MGM to continue looking for IR developments Moody’s expects MGM Resorts International to develop “large, high profile” IR opportunities around the world.
04/10/21 Melco Resorts awards CEO US$10m worth of shares Melco CEO Lawrence Ho Yau Lung has been awarded 484,956 shares worth US$10m.
04/09/21 China continues fight against cross-border gambling activity According to the Ministry of Public Security, police have arrested 110,000 people suspected of involvement in cross-border gambling.
04/09/21 Okura Holdings buys property in Nagasaki for expansion Okura Holdings has purchased a property in Nagasaki city for US$4m.
04/09/21 Police in Macau and China bust ring that scammed gamblers Macau’s Judiciary Police joined forces with mainland Chinese security units to dismantle a ring specialising in the use of bank-teller training notes to cheat gamblers in the city.
04/09/21 Macau receives 99,568 tourists during first week of April The average daily volume of tourists arriving during the Easter and Qingming Festival holidays was 53.8 per cent higher than during the 2020 October Golden Week holiday.
04/09/21 Paradise expects US$13.3m loss for Q1 The casino operator Paradise Co expects sales of KRW98.7bn, down 46.6 per cent year-on-year.
