GGRAsia – Latest News

Macau GGR down 80pct y-on-y in March: govt

Apr 01, 2020 Newsdesk Latest News, Macau, Top of the deck

Macau casino gross gaming revenue (GGR) declined by 79.7 percent in March in year-on-year terms, but rose sharply judged month-on-month with February, when the city’s casinos were closed for...

Vietnam casinos confirm 15-day pause over pandemic

Apr 01, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Several casino operators in Vietnam have confirmed a 15-day shutdown of their venues starting from Wednesday (April 1). The country’s government ordered also – with effect from that day...

Imp Pacific posts US$503mln loss for 2019 as VIP trade weak

Apr 01, 2020 Newsdesk Latest News, Top of the deck, World

Imperial Pacific International Holdings Ltd, the developer of a casino resort (pictured) on the Pacific island of Saipan, reported a net loss of HKD3.90 billion (US$503 million) for the year ended...

Sega Sammy promotes Scott Winzeler to CEO, president

Apr 01, 2020 Newsdesk Industry Talk, Latest News

Japan-based gaming equipment supplier Sega Sammy Creation Inc announced on Wednesday the appointment of Scott Winzeler as the firm’s new president and chief executive. The appointment was with...

Covid-19 might lead resort tenants to fail to pay rent: Melco

Apr 01, 2020 Newsdesk Latest News, Macau, Philippines, Top of the deck

Hong Kong-listed Melco International Development Ltd says one risk associated with the ongoing Covid-19 outbreak is casino resort tenants failing to fulfil their respective rent payments. The warning...

Pagcor says losing monthly up to US$118mln on casino pause

Apr 01, 2020 Newsdesk Latest News, Philippines, Top of the deck

The Philippine Amusement and Gaming Corp (Pagcor), the casino regulator in that country, says it is “losing” up to US$118 million per month due to the “enhanced community quarantine” imposed...

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. Separately, the...

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...