GGRAsia

Macau hotel average rate for coming Labour Day hols 14pct down on Chinese New Year: Morgan Stanley: A Morgan Stanley survey of the daily-rate average across 28 Macau hotels for the upcoming so-called “May Golden Week” indicated a decline of circa 14 percent relative to Chinese New Year. The latter was the previous peak period of Chinese mainland consumer demand for Macau tourism service in the current calendar year, and fell this […]

Travellers Intl 4Q GGR down 7pct y-o-y, but net revenue up as promotional allowances dip: Travellers International Hotel Group Inc, which runs the Newport World Resorts casino and leisure complex in the Philippine capital Manila, reported net revenue of PHP8.4 billion for the fourth quarter of 2024, up 2.4 percent from a year ago. The revenue tally rose by 15.1 percent sequentially. Travellers International’s gross gaming revenue (GGR) stood at […]

Thai casino resorts could have best EBITDA margins in Asia: Maybank: Any Thai casino resorts could be supported by the highest margins on earnings before interest, taxation, depreciation (EBITDA) to be found among any Asian casinos, suggests a Monday report from Maybank Securities (Thailand) PCL. Some commentators recently told GGRAsia that the process of bids and licensing for Thai casino resorts – known there as ‘entertainment […]

Singapore had 1.30 million visitor arrivals in March, down 11.5 percent year-on-year: STB: Singapore recorded 1.30 million visitor arrivals in March, down 5.8 percent from the previous month, and also down 11.5 percent year-on-year, according to the latest update from the Singapore Tourism Board (STB). The number of overnight visitors the city-state received in March was 932,530, down 17.1 percent year-on-year. The March numbers took Singapore’s visitor arrivals […]

Risks of retaliatory action against U.S. operators in Macau appear overblown: CBRE: The potential for political risks related to the United States-China trade tariff row might raise some concerns among observers regarding the operations of U.S. firms in Macau’s gaming industry, but any possible concerns “appear overblown,” says CBRE Equity Research. “Political risks, such as retaliatory actions against U.S. gaming operators in Macau, are a concern but […]

Nearly 100k visitor arrivals to Macau on Monday, over 520k in four-day Easter break: Macau saw a daily average of just above 130,000 visitor arrivals for the four-day Easter period, from Friday (April 18) to Monday (April 21) inclusive. The 140,000 average seen over the first three days of the Easter season was brought down by a more modest performance on Monday, when there were 99,966 arrivals, according to […]

More than a dozen Macau casino-resort hotels flag fully booked for Labour Day hols season: As of Monday, a number of luxury hotels in Macau casino resorts was already indicating no availability of rooms for any of the five nights covering mainland China’s five-day Labour Day holiday season. That is according to checks of the hotels’ own reservation sites by GGRAsia. China’s State Council has designated this year’s Labour Day […]

Asia Pacific a ‘key focus’ for Score Gaming’s growth strategy, says firm: Gaming equipment and content supplier Score Gaming LLC says it is “actively looking to expand” its footprint across the Asia-Pacific region, including “Macau, Singapore, Vietnam” and the region’s “other regulated markets”. “Asia Pacific is a key focus for Score Gaming’s growth strategy,” stated the company in an interview with GGRAsia. “Our goal is to introduce […]

Genting SustainBiz event to be held in September with over 10 international speakers: Resorts World Genting, Malaysia’s monopoly casino resort, is to host on September 9 and 10 the second edition of an event called “Genting SustainBiz”. It will be held at Genting International Convention Centre. The complex’s promoter, Genting Malaysia Bhd, said in a recent press release that Genting SustainBiz 2025 would “serve as a dynamic platform […]

S.Korea casino resort Inspire joins WWF’s PACT, donates goods to Goodwill Store: Inspire Entertainment Resort, a complex with foreigner-only casino at Incheon in South Korea, says it has joined the World Wildlife Fund’s (WWF’s) ‘PACT’ campaign, pledging to reduce plastic consumption. PACT (Plastic ACTion Initiative) is described as a business initiative aiming to “reduce waste and move towards a circular economy”. The casino resort also ran in […]