Despite United States-based casino group Las Vegas Sands Corp (LVS) being in line to generate US$6.25 billion from the sale of its Las Vegas, Nevada assets, Fitch Ratings Inc said in a Thursday memo it viewed the disposal as a “slight credit negative”. While the deal – announced on Wednesday...
Industry Talk
Surveillance technology specialist Synectics Plc, an equipment supplier to the land-based casino industry in Asia-Pacific including in Macau and Singapore, reported a consolidated loss of...
Trends & Tech
International Game Technology Plc (IGT) and Scientific Games Corp have signed a cross-licensing agreement for patents related to cashless slot gaming technologies. The deal covers the...
Latest News
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Despite United States-based casino group Las Vegas Sands Corp (LVS) being in line to generate US$6.25 billion from the sale of its Las Vegas, Nevada assets, Fitch Ratings Inc said in a Thursday memo it viewed the...
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Macau’s Court of Second Instance has upheld decisions by a public department in the city, ordering casino operator Sands China Ltd to pay a total of MOP18.9 million (US$2.4 million) in tourism tax deemed outstanding....
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Casino group Las Vegas Sands Corp intends to keep its headquarters and its current stock listing in the United States, a spokesman told GGRAsia in response to our enquiry. “The company plans to continue to maintain...
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Pansy Ho Chiu King (pictured in a file photo), a co-chairperson and executive director of Macau casino operator MGM China Holdings Ltd, has sold for US$56.7 million an aggregate of 1.45 million shares in MGM China’s...
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Metro Manila (pictured), home to the Entertainment City zone of large-scale private-sector Philippine casino resorts, will stay under so-called general community quarantine (GCQ) for the whole of March as a...
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Melco Resorts and Entertainment Ltd said group-wide adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) were back on positive ground in the fourth quarter of 2020, following two...
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Hong Kong-listed International Entertainment Corp reported a loss attributable to shareholders of nearly HKD91.1 million (US$11.7 million) for the six months to December 31, according to a Wednesday filing. That...
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Hong Kong-listed Summit Ascent Holdings Ltd is providing a loan of US$120 million to Philippine-based Suntrust Home Developers Inc, to support the latter’s development of a casino scheme in the Philippine capital...
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Despite United States-based casino group Las Vegas Sands Corp (LVS) being in line to generate US$6.25 billion from the sale of its Las Vegas, Nevada assets, Fitch Ratings Inc said in a Thursday memo it viewed the...
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Casino group Las Vegas Sands Corp intends to keep its headquarters and its current stock listing in the United States, a spokesman told GGRAsia in response to our enquiry. “The company plans to continue to maintain...
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The planned sale for US$6.25 billion, of the Nevada gaming assets of United States-based casino group Las Vegas Sands Corp announced on Wednesday, could “accelerate the timing of dividend resumption” for the firm,...
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United States-based casino operator Las Vegas Sands Corp said in a Wednesday filing that on Tuesday it had made an agreement to sell its Las Vegas, Nevada venues and operations for US$6.25 billion. The casino firm...
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Five commercial groups that previously answered Nagasaki’s request-for-proposal (RFP) seeking a private-sector partner for that Japanese prefecture’s tilt at a casino resort, have all been deemed qualified...
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Lawrence Ho Yau Lung, chairman and chief executive of casino operator Melco Resorts and Entertainment Ltd, says Macau’s casino sector could start showing recovery signs in “mid-to-late March”. He...
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Universal Entertainment Corp’s idea for a stock-market listing in the United States of its Philippine casino resort, Okada Manila, via a special-purpose acquisition company (Spac), could be an “attractive offer...
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The Japanese metropolis of Osaka is willing to receive in March, any new applications from private-sector interests seeking to partner Osaka in its tilt at hosting a casino resort scheme. The news was given in a...
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Travel either in or out of Cambodia’s Sihanoukville province, encompassing the holiday town and casino hub of the same name, has been banned for now, starting on Thursday (March 4) as the authorities look to contain...
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The temporary suspension of business at Cambodian casino resort NagaWorld, after 11 staff tested positive for Covid-19, is a “credit negative” for its Hong Kong-listed promoter NagaCorp Ltd, said Moody’s Investors...
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Casino operator Landing International Development Ltd says it expects to record in its 2020 annual results a year-on-year narrowing in consolidated net loss of between 10 percent and 20 percent. Such loss in 2019 was...
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Authorities in Vietnam’s Khanh Hoa province are seeking approval from the country’s top leadership for a second casino resort project – with an investment value of more than US$2 billion – to be...
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Despite United States-based casino group Las Vegas Sands Corp (LVS) being in line to generate US$6.25 billion from the sale of its Las Vegas, Nevada assets, Fitch Ratings Inc said in a Thursday memo it viewed the...
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City of Dreams Mediterranean (pictured), the flagship Cyprus casino resort project of Melco Resorts and Entertainment Ltd, is to open in “summer 2022”, the firm said in a Friday media release. Progress on the...
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Casino group Las Vegas Sands Corp intends to keep its headquarters and its current stock listing in the United States, a spokesman told GGRAsia in response to our enquiry. “The company plans to continue to maintain...
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The planned sale for US$6.25 billion, of the Nevada gaming assets of United States-based casino group Las Vegas Sands Corp announced on Wednesday, could “accelerate the timing of dividend resumption” for the firm,...
From the Press
Philippines projecting weak
POGO revenue in 2021
BusinessWorld Mar 4
Sands’ Sin City sale might
fund pivot to Australia
Reuters Mar 4
Sands’ sale of Strip assets a
good sign for Las Vegas: experts
Las Vegas Review-Journal Mar 3
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Most Popular
Lim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021 
Las Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021 
Covid-19 test cert no longer needed for Macau casino entry March 2, 2021 
Pansy Ho again cuts stake in MGM Resorts, for US$57mln March 4, 2021 
LVS plans to keep U.S. base, stock listing: spokesman March 4, 2021