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Tag: Bricks & Mortar

Macau-casino-concessions

Macau weekly GGR falls 8%, Fujian concern abates: Bernstein

Macau’s weekly gross gambling revenue fell 8 percent from the prior week, mostly due to the volatile VIP sector, Bernstein Research said.

Primorye casinos given three-month tax break

Casinos in the Primorye gambling zone have been able to enjoy three months of zero taxes in 2021 in order to alleviate the strain of low visitation.
Sihanoukville

Preah Sihanouk region emitting positive recovery signals

Sihanoukville is showing signs of recovery after a period challenged by an exodus of Chinese tourists and a ban on online gambling.
HK Stocks

Investors lulled into “false sense of security” on Macau 

Signs China is tightening its grip on Macau triggered a record sell off in the six operator stocks, although the latest edict shouldn’t have come as a surprise.

Research firm forecast intact for Genting despite Yokohama withdrawal

Malaysia’s PublicInvest Research said it has left its forecasts and recommendations for Genting Bhd unchanged despite it losing its chance to be part of an IR project in Yokohama.
Macau,casino,concessions

Macau mulls concession numbers, to scrap sub-concessions

Macau has released its long-awaited consultation paper on the gaming industry, saying it proposes revising the number of concessions and abandoning the current system of sub-concessions.
Saipan

Casino regulator pleads for $1 million to keep afloat

The Commonwealth Casino Commission has reportedly asked approval for an appropriation of $1 million “to keep the commission afloat”, according to a report from Marianas Variety. 
online gambling

China renews pressure on Cambodia to stamp out online gambling

China is again putting pressure on Cambodia to stamp out online gambling in the country, which has continued to thrive despite a 2019 ban.
Melco Resorts, Yokohama, Japan

Melco to continue to explore opportunities in Japan

Melco Resorts said it will continue to explore opportunities in Japan after politics upended its efforts to obtain a license in Yokohama.

Yokohama dropping out of IR race won’t impact Osaka: Governor

Osaka governor Hirofumi Yoshimura said that the withdrawal of Yokohama from the integrated resort race will not impact their own IR plans.

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