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Fitch says LVS Nevada sale slight negative, Moody’s keener

Fitch says LVS Nevada sale slight negative, Moody’s keener

Mar 05, 2021  

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...
Read More
Travel ban on casino hub Sihanoukville: reports

Travel ban on casino hub Sihanoukville: reports

Mar 05, 2021  

Melco says City of Dreams in Cyprus open summer 2022

Melco says City of Dreams in Cyprus open summer 2022

Mar 05, 2021  

NagaWorld pause a negative for NagaCorp credit: Moody’s

NagaWorld pause a negative for NagaCorp credit: Moody’s

Mar 05, 2021  

Casino firm Landing flags 10pct-20pct slimmer year loss

Casino firm Landing flags 10pct-20pct slimmer year loss

Mar 05, 2021  

Industry Talk

Casino surveillance biz decline tips Synectics to year loss

Casino surveillance biz decline tips Synectics to year loss

Mar 03, 2021  

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...
2021 board named for International Gaming Standards Assn

2021 board named for International Gaming...

Mar 02, 2021  

Trends & Tech

IGT, Sci Games in cross-licensing deal on cashless gaming IP

IGT, Sci Games in cross-licensing deal on cashless gaming IP

Mar 02, 2021  

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...
Sci Games title ‘Hurricane Horse’ approved within Apac

Sci Games title ‘Hurricane Horse’ approved...

Mar 01, 2021  

Latest News

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  • Fitch says LVS Nevada sale slight negative, Moody’s keener
    Fitch says LVS Nevada sale slight negative, Moody’s keener

    Mar 05, 2021  

    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...
    Read More
  • Sands China to pay US$2.4mln tax re Gondola Ride: court
    Sands China to pay US$2.4mln tax re Gondola Ride: court

    Mar 04, 2021  

    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....
    Read More
  • LVS plans to keep U.S. base, stock listing: spokesman
    LVS plans to keep U.S. base, stock listing: spokesman

    Mar 04, 2021  

    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...
    Read More
  • Pansy Ho again cuts stake in MGM Resorts, for US$57mln
    Pansy Ho again cuts stake in MGM Resorts, for US$57mln

    Mar 04, 2021  

    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...
    Read More
  • Metro Manila, Entertainment City stay in GCQ to March 31
    Metro Manila, Entertainment City stay in GCQ to March 31

    Mar 03, 2021  

    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...
    Read More
  • Gaming recovery helps Melco Resorts EBITDA break even 4Q
    Gaming recovery helps Melco Resorts EBITDA break even 4Q

    Feb 26, 2021  

    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...
    Read More
  • Int Ent half-year loss up, mulls financing for Manila IR
    Int Ent half-year loss up, mulls financing for Manila IR

    Feb 25, 2021  

    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...
    Read More
  • Summit Ascent provides loan to Suntrust for Manila scheme
    Summit Ascent provides loan to Suntrust for Manila scheme

    Feb 24, 2021  

    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...
    Read More
  • Fitch says LVS Nevada sale slight negative, Moody’s keener
    Fitch says LVS Nevada sale slight negative, Moody’s keener

    Mar 05, 2021  

    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...
    Read More
  • LVS plans to keep U.S. base, stock listing: spokesman
    LVS plans to keep U.S. base, stock listing: spokesman

    Mar 04, 2021  

    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...
    Read More
  • Nevada sell-off by LVS may aid dividend return: Bernstein
    Nevada sell-off by LVS may aid dividend return: Bernstein

    Mar 04, 2021  

    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,...
    Read More
  • Las Vegas Sands to sell off Nevada assets for US$6.25bln
    Las Vegas Sands to sell off Nevada assets for US$6.25bln

    Mar 03, 2021  

    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...
    Read More
  • Five groups qualify for next phase of Nagasaki casino tilt
    Five groups qualify for next phase of Nagasaki casino tilt

    Mar 02, 2021  

    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...
    Read More
  • Melco’s Lawrence Ho hopeful on Macau recovery in March
    Melco’s Lawrence Ho hopeful on Macau recovery in March

    Feb 26, 2021  

    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...
    Read More
  • Outlook solid on mulled Okada Manila Spac IPO: analysis
    Outlook solid on mulled Okada Manila Spac IPO: analysis

    Feb 19, 2021  

    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...
    Read More
  • Osaka open in March to new participants for local IR effort
    Osaka open in March to new participants for local IR effort

    Feb 17, 2021  

    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...
    Read More
  • Travel ban on casino hub Sihanoukville: reports
    Travel ban on casino hub Sihanoukville: reports

    Mar 05, 2021  

    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...
    Read More
  • NagaWorld pause a negative for NagaCorp credit: Moody’s
    NagaWorld pause a negative for NagaCorp credit: Moody’s

    Mar 05, 2021  

    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...
    Read More
  • Casino firm Landing flags 10pct-20pct slimmer year loss
    Casino firm Landing flags 10pct-20pct slimmer year loss

    Mar 05, 2021  

    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...
    Read More
  • A fresh US$2-bln casino project proposed for Vietnam
    A fresh US$2-bln casino project proposed for Vietnam

    Mar 04, 2021  

    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...
    Read More
  • Fitch says LVS Nevada sale slight negative, Moody’s keener
    Fitch says LVS Nevada sale slight negative, Moody’s keener

    Mar 05, 2021  

    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...
    Read More
  • Melco says City of Dreams in Cyprus open summer 2022
    Melco says City of Dreams in Cyprus open summer 2022

    Mar 05, 2021  

    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...
    Read More
  • LVS plans to keep U.S. base, stock listing: spokesman
    LVS plans to keep U.S. base, stock listing: spokesman

    Mar 04, 2021  

    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...
    Read More
  • Nevada sell-off by LVS may aid dividend return: Bernstein
    Nevada sell-off by LVS may aid dividend return: Bernstein

    Mar 04, 2021  

    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,...
    Read More

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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Pick of the Day

“Prolonged closure of operations could derail earnings recovery and weigh on NagaCorp’s credit quality"

Junling Tan, Yu Sheng Tay and Vikas Halan

Analysts at credit rating agency Moody’s Investors Service



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  • Lim Kok Thay, GEN Singapore execs in US$1.3mln stock awardLim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021
  • Las Vegas Sands to sell off Nevada assets for US$6.25blnLas Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021
  • Covid-19 test cert no longer needed for Macau casino entryCovid-19 test cert no longer needed for Macau casino entry March 2, 2021
  • Pansy Ho again cuts stake in MGM Resorts, for US$57mlnPansy Ho again cuts stake in MGM Resorts, for US$57mln March 4, 2021
  • LVS plans to keep U.S. base, stock listing: spokesmanLVS plans to keep U.S. base, stock listing: spokesman March 4, 2021
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