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Focus Gaming News Asia Pacific | Finance

Finance

Check the latest Finance news

09/14/21

Macau GGR up 6% in second week of September

Macau’s GGR for the second week of September rose 6 per cent, with average daily revenue of MOP264m.

09/14/21

Macau gaming tax revenue reaches US$408m in August

Macau’s government collected MOP3.27bn (US$408m) in tax revenue from the gaming industry in August.

09/10/21

Sands China to list US$1.95bn in senior notes

Sands China has announced it will issue new unsecured notes in three tranches to redeem in full the outstanding principal amount of its US$1.80bn 4.6 per cent senior notes due 2023.

09/10/21

Macau gaming sector gross surplus plummeted to US$2.8bn in 2020

Macau's Statistics and Census Service has revealed the city's gaming sector gross surplus dropped to its lowest tally since 2005 last year.

09/09/21

Macau to revise 2021 GGR forecast

Lei Wai Nong, Macau’s secretary for economy and finance, has said the government will adjust its 2021 casino gross gaming revenue forecast after a decline in revenue in August.

09/09/21

Suncity chairman sells stake in Sun International

Alvin Chau, CEO of Suncity Group Holdings, has announced he has sold his stake in financial services firm Sun International for US$9m.

09/09/21

Macau gaming tax revenue reaches US$2.7bn as of July

Macau’s government collected MOP22.2bn (US$2.7bn) in tax revenue from the gaming industry in the first seven months of the year.

09/09/21

Sands China posts US$125m net loss for August

Sands China has reported a net loss of US$125m for August, while monthly GGR plummeted 82 per cent compared to pre-pandemic levels.

09/08/21

Macau: 2021 GGR will be down 65% from pre-covid levels

Fitch Ratings Inc predicts that Macau’s gross gaming revenue (GGR) will be down 65 per cent from 2019 levels, closing close to MOP102.4bn this year.

09/06/21

Audit reveals PAGCOR failed to collect US$27.3m from POGOs

The Commission on Audit (COA) has revealed that PAGCOR has to collect receivables of nearly PHP1.37bn (US$27.3m) from 15 Philippine offshore gaming operators (POGOs).

09/06/21

Macau posts US$31.2m in GGR for first week of September

Macau’s daily GGR was about MOP250m (US$31.2m) for the first week of September.

09/06/21

South Korea lottery sales reach record US$2.5bn in H1

The Korea Lottery Commission has reported that lottery sales for the first half of the year grew 12.6 per cent, setting a new record.

09/03/21

Paradise Co revenue up 762.1% in August

Paradise Co has shared its financial results for August, reporting that casino revenue rocketed 762.1 per cent month-on-month to KRW59.49bn (US$51.4m).

09/03/21
Grand Korea Leisure casino.

Grand Korea Leisure posts casino sales of US$7.6m in August

09/02/21

South Korea gaming tax revenue down 82.4% in 2020

South Korea’s government collected KRW81.8bn (US$70.5m) in tax revenue from the gaming industry in 2020.

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Highlighted Interview

Alex Leese, Pronet Gaming: “The Asian market will become increasingly personalised and increasingly local”

Alex Leese, Pronet Gaming: “The Asian market will become increasingly personalised and increasingly local”

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Focus Gaming News is a media group that produces a daily online newspaper aimed at international gaming executives. This communication tool is visited by more than 140,000 monthly readers around the world and delivers up-to-date news from the gaming and iGaming businesses. Focus Gaming News also releases a daily newsletter and it is received by more than 35,000 subscribers. It features news on regulation, legislation, sports betting and online and land-based gaming, as well as reports on the latest products and trends, interviews with key specialists, and more. There are also Focus Gaming News, Focus Latin America, Focus Brasil, Focus Africa and Focus UAE – five daily releases focusing exclusively on these specific markets.