Macau’s GGR to grow 20 pct in June

Morgan Stanley released a note and forecasted a 20 per cent increase in Macau’s GGR by the end of June.

China’s sports lottery blooms around the World Cup

The 2018 FIFA World Cup has brought China’s Sports Lottery sales to a 126 per cent increase in comparison to the previous one.

The casino investor assured it has a “legally-binding contract” for land in the Philippines for a casino-resort project.

The capital city of Japan, Tokyo is preparing citizens for the possibility of a new casino industry.

Macau’s new gaming venue – named The 13 Casino – will be delayed by a few months.

As the Diet session was extended to pass the IR Implementation Bill, new groups have voiced their opposition to the casino industry.

Turnover dropped 5.37 per cent in 2017 to US$1.09 billion as the 16 foreigner-only casinos registered 6.22 per cent fewer visitors.

The governing coalition has pushed the end of the current session to July 22nd in order to get the IR Implementation Bill passed.

According to Bernstein, Macau GGR is set to increase by 22 per cent thanks to a positive Morpheus opening and the Dragon Boat Festival long weekend.

The IR Implementation Bill has been sent to the upper house as the government extended the Diet session past the June 20th deadline.

The National Assembly passed a bill that allows the Vietnamese to bet on certain international football games and horse and dog racing.

Genting Hong Kong has voted to sell all of its remaining shares in Norwegian Cruise Line Holdings Ltd. over the next 12 months.