Okada Manila sees 50% y-o-y increase in GGR in 4Q22, EBITDA up 96%

Okada Manila operator Universal Entertainment Corp says that the property recorded a 49.6 percent increase in its gross gaming revenue during the fourth quarter of 2022, totaling PHP10.49 billion ($192.68 million).

Survey finds 58% of Filipinos think POGOs are harmful to country: PH committee chair

A survey cited by the chair of a Philippine Senate Committee on Ways and Means shows that some 58 percent of respondents in the nation ‘said that they think the operation of POGOs in the country is harmful’.

LVS sees $166mln loss in 4Q22, despite 10 percent uptick in net revenue

Las Vegas Sands has recorded a 10.8 percent increase in net revenue during 4Q22, totaling $1.11 billion, but recorded a slight increase in its operating loss, to $166 million, compared to $138 million in the same period of 2021.

Macau authorities detain 15 for alleged illegal online gambling ring/money laundering

Authorities in Macau have arrested 15 people for alleged involvement in an illegal online betting ring and money laundering scheme.

Alvin Chau set to appeal 18-year prison sentence handed out by...

The lawyer for Macau’s former primary junket boss, Alvin Chau, has suggested that his client will appeal the 18-year prison sentence he was handed out by Macau courts on Wednesday.

Former Suncity boss given 18-year prison sentence by Macau courts

The former head of Macau's top junket operator Suncity, Alvin Chau, has been sentenced by the SAR’s courts to 18 years in prison.
Macau

Macau casino stocks rise on opening up, GGR recovering quickly ahead of CNY

Macau’s casino stocks are seeing a rebound, after the territory eliminated entry restrictions on Sunday, allowing for testing-free travel between the SAR and China, Hong Kong and Taiwan and eliminating quarantine for all entrants.
Chinese-New-Year-Celebration-Senado-Square-Macau

Macau enters new era as borders reopen and operators gear up for Chinese New...

Macau has resumed to normal, after nearly three years under restrictive measures due to the pandemic, borders are now open for all travelers, with testing measures eliminated for all arriving from mainland China, Hong Kong and Taiwan.
Macau,-St.-Paul's-Ruins

Macau is lifting all restrictions for entry, only requiring a 48-hour test for foreign...

Macau is lifting all travel restrictions starting from January 8th, no longer requiring negative nucleic acid testing for visitors entering from mainland China, Hong Kong and Taiwan, despite around 70 percent of the population having contracted COVID.
Macau New Lunar Year-Tourism

CNY holiday visitation to be led by HK tourists, says expert, with hotel occupancy...

The President of the Macau Tourism Industry is estimating that tourists from Hong Kong will actually be the primary source of visitation during the Chinese New Year (CNY) period, towards the end of January.
Paradise Walkerhill, South Korea

South Korea sees strong uptick in 2022 results, with Paradise and GKL reporting revenue...

Foreigner-only casinos in South Korea – Paradise and Grand Korea Leisure – reported strong gains in December, boosting their full year revenue for 2022.
Zeng Zhonglu, Macau

Gaming scholar predicts Macau GGR to reach up to 70 percent of pre-pandemic levels...

Zeng Zhonglu, a gaming scholar has estimated that Macau’s gross gaming revenues could reach up to 70 percent of pre-pandemic levels in 2023, at MOP175.47 billion ($21.84 billion) as the territory aims to rebound from nearly three years of lackluster gaming results under COVID restrictions.
Cotai strip, Macau

Macau records worst GGR year on record, at $5.26 billion

Macau has recorded its lowest ever gross gaming revenue during a year for 2022, with annual figures at just MOP42.19 billion ($5.26 billion), a drop of 51.4 percent yearly.
Macau New Lunar Year

Macau expecting surge in visitors during Chinese New Year as measures ease

Macau is expecting a surge in Chinese tourists during the Chinese New Year holiday, after COVID prevention measures were dropped and the zero-COVID policy abandoned after nearly three years. This comes as Macau finally received authorization to allow tour groups in from mainland China.
Wynn-Junket Room

Macau junkets to provide $187k guarantee for license/renewal

Junkets in Macau are going to be required to provide a guarantee of MOP1.5 million ($187,000) in order to be able to apply for a new junket license or to renew an existing one.
Macau

Macau battles COVID, even as measures further eased

Macau’s Chief Executive has said that the city’s residents “need our normal life back”, as officials say that the city has already reached the peak of the new COVID infection period.

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