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...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...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...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...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....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...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...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...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...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...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...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...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...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,...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...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...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...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...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...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...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...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...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...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...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...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...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,...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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“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