GGRAsia – Latest News

Guangdong tourist visas resume Aug 26, nationwide Sept 23

Aug 11, 2020 Newsdesk Latest News, Macau, Top of the deck

Authorities in mainland China’s Guangdong province are set to resume on August 26 the issuance of tourist visas to Macau, according to a Tuesday announcement. That includes visas for package tour...

S.Korea’s Paradise 2Q loss grows as sales plunge

Aug 11, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Paradise Co Ltd, an operator of foreigner-only casinos in South Korea, saw its second-quarter net loss rise to nearly KRW31.88 billion (US$26.9 million), widened from KRW2.46 billion in the opening...

Casino op Kangwon Land posts US$38.4mln 2Q loss

Aug 11, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Kangwon Land Inc reported a KRW45.56-billion (US$38.4-million) loss in the second quarter, compared to a KRW50.94-billion profit in the prior-year quarter. The latest quarterly result was still...

Success Universe flags 1H loss, blames Covid-19

Aug 11, 2020 Newsdesk Latest News, Macau, Top of the deck

Success Universe Group Ltd, an investor in Macau casino hotel Ponte 16 (pictured), said on Monday that it expects to record a first-half consolidated loss in the range of approximately HKD120...

Property owners target as Malaysia tackles illegal gambling

Aug 11, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Police in Malaysia have said the country’s fight against illegal gambling is to extend to property owners that rent out premises to gambling syndicates. The announcement followed reports on social...

Digital media firm IAC buys 12pct stake in MGM Resorts

Aug 11, 2020 Newsdesk Latest News, Top of the deck, World

New York-based IAC/InterActiveCorp has acquired a 12-percent interest in U.S.-based casino operator MGM Resorts International for an aggregate of about US$1 billion. The acquisition of just above 59...

Zhuhai to restart IVS, tour visas to Macau on Aug 12

Aug 10, 2020 Newsdesk Latest News, Macau, Top of the deck

Authorities in mainland China’s Zhuhai city – next door to Macau – will resume on Wednesday (August 12) the issuance of exit tourist visas to the casino hub. That includes visas for package...

GKL reports US$20mln loss in 2Q due to pandemic

Aug 10, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Grand Korea Leisure Ltd (GKL), a South Korean operator of foreigner-only casinos, reported a second-quarter net loss of nearly KRW23.56 billion (US$19.8 million), compared with net income of just...

CEO says Macau Fisherman’s Wharf not sold: report

Aug 10, 2020 Newsdesk Latest News, Macau, Top of the deck

Casino services and hotel operating firm Macau Legend Development Ltd has “not sold” its gaming and tourism complex Macau Fisherman’s Wharf, nor does it intend to “give up the Macau...

Jeju Dream Tower may launch, fully, in Oct: promoter

Aug 10, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

The promoter of Jeju Dream Tower (pictured in an artist’s rendering), a new resort with foreigner-only casino located downtown in the capital of Jeju island, South Korea, is planning to launch...