Bernstein lowers Macau GGR estimates

The brokerage has lowered Macau GGR estimates for April as the segment recorded less revenue than expected so far.

Saipan casino struggles after typhoon

Super typhoon Yutu hit the Pacific islands and Saipan’s IPI casino continues to struggle to recover from the impact.

The Gujarat government is considering banning online gambling as part of changes to its gambling laws.

Bloomberry’s Philippine casino at Quezon City hasn’t started ground breaking as it continues to await for the necessary permits.

The Okada Manila has reported huge growth during March as GGR went up to €56.4 million, a 67.9% year-on-year improvement.

Morgan Stanley estimates revealed Macau VIP GGR was down 10% during the first quarter, while the mass market segment saw it grow 8%.

According to Fitch Ratings, the expansion of Genting Singapore’s non-gaming attractions will have a modest impact on leverage and earnings.

The Phil-Asian Gaming Expo (PAGE) is coming soon: SMX Convention Center, Manila, Philippines, July 12 – 14.

According to analysts, GGR in Macau will drop in the second quarter and is expected to hit rock bottom as tax cuts and credit ease out.

The upcoming Japanese IR industry has attracted international operators and Genting announced it is “cautiously optimistic” about its chances.

As part of a deal with the government of Singapore, Las Vegas Sands will expand its non-gaming offering with a €2.9 billion investment.

The authority believes that casino operators are influencing and infiltrating political elections.