Tag Archives: Grant Govertsen
- Japan throwing casino plan under the bus with restrictive process: Analyst
July 18, 2017
The Japanese government's restrictive regulatory framework is nipping the casino industry’s full potential in the bud even before it blooms, a financial analyst warned. “Snatching defeat from the jaws of victory” was how Grant Govertsen of Union Gaming Securities Asia Ltd. described Japan’s newly crafted Integrated Resorts bill, which he...
- Macau mulls amending terms for casino concession renewal process
July 11, 2017
A possible “refreshment” of gaming rights is on the horizon for Macau’s current concessionaires and sub-concessionaires. Lionel Leong Vai Tac, Macau’s Secretary for Economy and Finance, told reporters that the government plans to “analyze various options—including the possibility of amendment to terms and conditions—regarding any refreshment of gaming rights” for...
- Grant Govertsen: Mass segment poses lesser political risk
June 14, 2017
In this interview with CalvinAyre.com’s Stephanie Raquel, analyst Grant Govertsen of Union Gaming gives his insight on Macau’s recovery. Macau, once plagued by an anemic economy as a result of Beijing’s corruption crackdown, has suddenly roared into life this year, as if someone has turned a wind-up key. Gross gaming...
- Macau’s May casino GGR beats analyst expectations
June 1, 2017
Macau’s casino gross gaming revenue (GGR) pulled off yet another surprise in May, growing 23.7 percent year-on-year. Data from the city’s Gaming Inspection and Coordination Bureau showed that Macau’s casino GGR jumped to MOP22.74 billion (US$2.83 billion) last month, beating analyst expectations of 16.5 percent growth. Macau market’s GGR tally...
- Grant Govertsen: The Philippine gaming market is on fire
May 31, 2017
In this interview with CalvinAyre.com’s Stephanie Raquel, Grant Govertsen of Union Gaming gives his insights on the Asia-Pacific regional gaming market. Beyond Macau, the Asia-Pacific region offers great opportunities for gambling operators to expand. The challenge for these operators, however, is finding the most compelling market. Of all the Asia-Pacific...
- NagaCorp VIP roll climbs 34% in first quarter of 2017
April 3, 2017
Hong Kong-listed casino operator NagaCorp has printed big number for the first quarter of 2017, including VIP operations, which saw a 34 percent year-on-year growth in the first three months of the year. The company’s unaudited highlights published on Monday showed that VIP rolling chip volume reached US$3.73 billion for...
Bond exercise gives CEO Chen full control of NagaCorp
March 28, 2017