GGRAsia – Newsdesk

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Sands China properties to be part of IHG network

Jun 25, 2019 Newsdesk Latest News, Macau, Top of the deck

Hotel and resort operator InterContinental Hotels Group Plc (IHG) announced on Tuesday that some properties of Macau casino operator Sands China Ltd will be part of IHG’s InterContinental...

Bernstein maintains its caution on Macau June GGR

Jun 25, 2019 Newsdesk Latest News, Macau, Top of the deck

Brokerage Sanford C. Bernstein Ltd forecast in a Monday memo that Macau’s June casino gross gaming revenue (GGR) would be between 1 percent and 3 percent higher year-on-year, maintaining a cautious...

Sega Sammy mulls naming Japan casino partners this year

Jun 25, 2019 Newsdesk Japan, Latest News, Rest of Asia, Top of the deck

Japanese entertainment conglomerate Sega Sammy Holdings Inc is considering whether it can make an announcement “this year” regarding consortium partners for a tilt at a casino resort licence in...

Laos govt eyes higher 2020 casino gaming levy: reports

Jun 25, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Casinos and casino games in Laos will be subject to higher “levy” if a new law on the country’s excise duties comes into force “in January 2020”, according to several media reports....

Amax International annual loss balloons to US$54mln

Jun 25, 2019 Newsdesk Industry Talk, Latest News, Rest of Asia

Hong Kong-listed gaming services company Amax International Holdings Ltd says its net loss grew to about HKD418.10 million (US$53.6 million) in its financial year ended March 31, from nearly HKD52.80...

Melco Resorts to get parent’s Cyprus stake for US$375mln

Jun 25, 2019 Newsdesk Latest News, Top of the deck, World

Macau and Philippines casino operator Melco Resorts and Entertainment Ltd is acquiring all of its parent’s interest in the entity developing the City of Dreams Mediterranean casino resort (pictured...

Caesars’ Asia plans reviewed amid US$17bln Eldorado bid

Jun 24, 2019 Newsdesk Japan, Latest News, Rest of Asia, Top of the deck, World

The future of the Caesars brand’s bid for a Japan casino licence and for construction of a South Korea casino is still to be clarified, following Monday’s announcement that United States regional...

G2E Asia to have Philippines edition in December

Jun 24, 2019 Newsdesk Industry Talk, Latest News, Macau, Philippines, Top of the deck

An organiser of Global Gaming Expo (G2E) Asia, a casino industry conference and trade exhibition that has been held annually in Macau since its inception in 2007, says that this year there is to be...

Macau’s GDP to dip 0.3pct in 2019, says EIU

Jun 24, 2019 Newsdesk Latest News, Macau, Top of the deck

The Economist Intelligence Unit (EIU) says in its latest analysis on the outlook for Macau that it expects the city’s economy to contract 0.3 percent this year, after a 3.2 percent first-quarter...

Donaco loan deal, but flags net loss, no dividends soon

Jun 24, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Boutique Asian casino operator Donaco International Ltd says it is been able to rejig a term loan with Mega International Commercial Bank Co Ltd of Taiwan. But in a Monday filing to the Australian...