GGRAsia – Latest News

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...

Cambodia orders nationwide shutdown of all casinos

Mar 30, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

The Cambodian authorities have ordered all casinos in the country to shut down with effect from Wednesday night, as part of a number of measures to prevent the spread in Cambodia of the novel...

Wakayama starts RFP, aims to host IR by spring 2025

Mar 30, 2020 Newsdesk Japan, Latest News, Top of the deck

The government of Japan’s Wakayama prefecture announced on Monday the start of its request-for-proposal (RFP) process to choose a private-sector consortium as partner for its tilt to host a casino...

Battered Macau junkets need China visas back: trade rep

Mar 30, 2020 Newsdesk Latest News, Macau, Top of the deck

Macau urgently needs to see the resumption of mainland China exit visas for trips to the casino hub, for people in parts of the country presenting “relatively lower” risk of further spreading...

Sands China gets waivers on US$2bln credit facility

Mar 30, 2020 Newsdesk Latest News, Macau, Top of the deck

U.S.-based casino operator Las Vegas Sands says its Macau unit, Sands China Ltd, has negotiated a number of amendments to the conditions of a US$2.0-billion loan facility it holds. Sands China has...