Korean’ foreigner-only casino operator Grand Korea Leisure has reported annual casino revenues of KRW397.4 billion (US$303.3 million) in 2023, up 49.8% year-on-year and aided by a strong finish to the year. In…
Category: News
Sands China announces discretionary bonus and salary increase for 99% of employees
Sands China has become the second Macau concessionaire to announce plans for a discretionary bonus, with eligible employees comprising around 99% of the company’s workforce to receive the payment – equal to…
Macau 2024 junket tally halved to 18: govt
The total number of licensed gaming promoters in Macau – also known as ‘junkets’ – was halved over the past 12 months. The fall marks the 11th consecutive year of decline in…
2023 Jeju Dream Tower casino sales US$116mln, up 249pct
Full-year casino sales at Lotte Tour Development Co Ltd, operator of the Jeju Dream Tower resort (pictured) in Jeju, South Korea, rose 248.7 percent year-on-year, to KRW152.30 billion (US$116.1 million), versus KRW43.68…
Paradise Co casino sales top US$567mln in 2023
Paradise Co Ltd, an operator in South Korea of foreigner-only gaming venues, reported casino revenue of just above KRW744,15 billion (US$567.8 million) for full-year 2023, up 112.8 percent from the previous year,…
Philippines tourism receipts above 2019 levels: tourism boss
Christina Frasco (pictured), secretary of the Department of Tourism in the Philippines, says the inbound travel market recovered “faster than expected” in 2023. The country’s international tourism receipts surged to an estimated…
Studio City Phase 2 fresh high limit area a hit says Benning
Kevin Benning (pictured), senior vice president and property general manager of Macau casino resort Studio City, has confirmed to GGRAsia in an interview that the property’s Epic Tower hotel building in…
Light & Wonder appoints Oliver Chow as Chief Financial Officer
Global gaming supplier Light & Wonder, Inc has named Oliver Chow as the company’s Executive Vice President, Chief Financial Officer and Treasurer following the recent departure of Connie James. Chow, who previously…
Morgan Stanley: Macau GGR to grow by 28% in 2024 but concessionaire opex and capex requirements likely to increase
Macau’s gross gaming revenue is on track to grow by 28% year-on-year in 2024, reaching 80% of pre-COVID levels according to investment bank Morgan Stanley. In a note following release of Macau’s…
Century Entertainment terminates Cambodian gaming table business, in negotiations over new deal
Hong Kong-listed Century Entertainment International Holdings Ltd said Tuesday it had “mutually agreed” to terminate a deal to operate eight gaming tables at a casino in controversial Chinese-backed investment zone Dara Sakor,…