GGRAsia – Newsdesk

Author Archive: Newsdesk

Long land rights means hard to boot Macau ops: Bernstein

Dec 13, 2018 Newsdesk Latest News, Macau, Top of the deck

A new research report spells out just how much overhang exists between the typically 25-year casino land leases held by Macau’s six casino licensees and the expiry dates – either in 2020 or 2022...

JCM Global granted U.S. patent for Fuzion technology

Dec 13, 2018 Newsdesk Latest News, Trends & Tech, World

Japan Cash Machine Co Ltd, known as JCM Global, has been granted a patent in the United States for its Fuzion system, a technology said to enhance the function capability of electronic gaming...

Donaco looks to unlock value to chop US$40-mln debt

Dec 13, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino resort operator Donaco International Ltd says it is considering what to do about a US$39.9 million debt to Mega International Commercial Bank Co Ltd, secured against the assets of its Star...

Suncity CIO joins board of Russia casino op Summit Ascent

Dec 13, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

The chief investment officer (CIO) of privately-held Macau junket business Suncity Group has been appointed a non-executive director of Summit Ascent Holdings Ltd, a Hong Kong-listed investor in a...

Udenna gets SEC nod to list casino resorts in Philippines

Dec 13, 2018 Newsdesk Latest News, Philippines, Top of the deck

Udenna Corp – a privately-held conglomerate led by Filipino entrepreneur Dennis Uy – has seen its plans to use a subsidiary as a vehicle to list its tourism ventures, including a casino resort in...

Early 2019 partner selection for Osaka’s casino bid

Dec 12, 2018 Newsdesk Japan, Latest News, Top of the deck

Officials in Osaka plan to start “early next year” the selection process for potential private-sector partners jointly to present a casino bid to Japan’s central authorities. So said Osaka...

Govt kills refloated idea of non-locals as Macau dealers

Dec 12, 2018 Newsdesk Latest News, Macau, Top of the deck

Macau’s Secretary for Economy and Finance, Lionel Leong Vai Tac (pictured in a file photo), said on Wednesday that the local government would maintain its policy of allowing only locals –...

Current casino oversight best for Singapore: regulator

Dec 12, 2018 Newsdesk Latest News, Singapore, Top of the deck

The coordinated arrangements for supervising Singapore’s casino resorts are working well, a Casino Regulatory Authority (CRA) official has told an international conference. The authority posted on...

JCM ready for potential use of cryptocurrency in casinos

Dec 12, 2018 Newsdesk Latest News, Top of the deck, Trends & Tech

Japan Cash Machine Co Ltd, known as JCM Global, says it is already prepared for a casino environment in which cryptocurrency can be accepted as a payment method. The firm states its multi-tasking...

Melco opens second casino in Cyprus: report

Dec 12, 2018 Newsdesk Latest News, Top of the deck, World

Cyprus Casinos, led by Asian gaming entrepreneur Lawrence Ho Yau Lung, has opened a second casino – described as a “satellite” to the eventual main resort – in the ethnic Greek portion of the...