GGRAsia – Latest News

Asia Pioneer looks to consulting, leasing and SE Asia

Mar 31, 2020 Newsdesk Industry Talk, Latest News, Macau

Hong Kong-listed Asia Pioneer Entertainment Holdings Ltd said it expects its revenue this year from sales of electronic gaming equipment to be negatively affected – in common with the wider...

Macau casinos open for social, not biz reasons: consultant

Mar 31, 2020 Newsdesk Latest News, Macau, Top of the deck

An industry consultant has suggested to GGRAsia that the reasoning for keeping Macau’s casinos open amid the ongoing Covid-19 crisis is now “social” rather than commercial. The local casino and...

Landing Int seeks US$18mln for Jeju ops via share placement

Mar 31, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Asian casino developer Landing International Development Ltd is seeking to raise HKD137.1 million (US$17.7 million) in funding – net of expenses – via a share placement exercise. The money would...

Silver Heritage 2019 loss jumps on Tiger Palace impairment

Mar 31, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Boutique Asian casino operator Silver Heritage Group Ltd says its full-year net loss attributable to shareholders rose by 215.4 percent from the prior year, mainly because of an impairment charge...

Junket Suncity cuts senior exec pay as battles downturn

Mar 31, 2020 Newsdesk Latest News, Macau, Top of the deck

Leading Macau junket business Suncity Group has confirmed to GGRAsia that its senior managers are to have their pay cut as the brand addresses the financial impact of the novel coronavirus emergency...

Donaco confirms temporary shutdown of Cambodia casino

Mar 31, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Australia-listed casino operator Donaco International Ltd confirmed in a Tuesday filing that the casino (pictured) at its Star Vegas Resort and Club in Poipet, Cambodia, would close on a...

Japan’s Yokohama expands IR promotion office

Mar 31, 2020 Newsdesk Japan, Latest News, Top of the deck

Yokohama city (pictured), which is aiming to host one of Japan’s first casino resorts, is expanding the number of public servants coordinating that effort. The metropolis is to increase to 39 from...

Ponte 16 investor Success Universe profit up 36pct in 2019

Mar 31, 2020 Newsdesk Latest News, Macau, Top of the deck

Success Universe Group Ltd, a Hong Kong-listed investor in the Ponte 16 casino resort (pictured) at Macau’s Inner Harbour district, said its 2019 profit rose 36.2 percent on revenue that went up...

Wynn Macau Ltd avoids dividend amid Covid-19 crisis

Mar 31, 2020 Newsdesk Latest News, Macau, Top of the deck

The board of Macau casino operator Wynn Macau Ltd says it has not recommended a final dividend for calendar year 2019. The announcement was made in its 2019 annual report, filed after Hong Kong...

Sci Games top execs volunteer pay cuts during downturn

Mar 31, 2020 Newsdesk Industry Talk, Latest News, Top of the deck, World

Casino equipment and lottery services provider Scientific Games Corp said the group’s chief executive Barry Cottle had “volunteered a 100-percent reduction” in base salary while the...