GGRAsia – Rest of Asia

Rest of Asia

HK protests to have small impact on Macau GGR: JP Morgan

Aug 16, 2019 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

JP Morgan Securities (Asia Pacific) Ltd says it expects the protests that have been taking place for several weeks in Hong Kong to have a minor negative impact on Macau’s casino gross gaming...

Sega Sammy sees upside as Chinese return to Paradise City

Aug 15, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Management at Sega Sammy Holdings Inc, a Japanese entertainment conglomerate, says it expects an upside if the number of Chinese visitors to its joint venture South Korean casino complex recovers....

Donaco flags delay in Singapore arbitration vs Thai vendors

Aug 14, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck, World

Boutique Asian casino operator Donaco International Ltd says the arbitration process in Singapore against former owners of the Star Vegas Resort and Club (pictured) business in Poipet, Cambodia, has...

S. Korea Paradise Co to return to profit in 3Q: JP Morgan

Aug 14, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Brokerage JP Morgan Securities (Asia Pacific) Ltd says it expects South Korean casino operator Paradise Co Ltd to return to profit in the third quarter this year. “Profitability should improve...

Paradise Co 2Q loss widens despite higher revenue

Aug 13, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

South Korean casino operator Paradise Co Ltd on Tuesday reported a net loss of approximately KRW2.06 billion (US$1.68 million) for the three months ended June 30. That compared to a loss of nearly...

GKL 2Q net profit drops 26pct on flattish sales

Aug 12, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

South Korean operator of casinos Grand Korea Leisure Co Ltd (GKL) says the net profit attributable to its shareholders fell to just over KRW20.05 billion (US$16.5 million) in the second quarter of...

Interim injunction no impact on Nepal ops: Silver Heritage

Aug 12, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Australia-listed operator of Asian casinos Silver Heritage Group Ltd says that an interim injunction and legal proceedings against two of the group’s subsidiaries in Nepal “pose no immediate...

JP Morgan tips Kangwon Land to maintain GGR growth in 2H

Aug 09, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Brokerage JP Morgan Securities (Asia Pacific) Ltd forecasts that the gross gaming revenue (GGR) of South Korean casino operator Kangwon Land Inc will keep growing in the second half of 2019 at an...

NagaCorp shareholders give nod to Naga 3 financing plan

Aug 09, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Cambodian casino operator NagaCorp Ltd says its shareholders have approved arrangements for financing the expansion of its casino resort in Phnom Penh. NagaCorp told the Hong Kong Stock Exchange on...

S. Korea’s GKL July casino sales up 11pct

Aug 07, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

South Korean gaming operator Grand Korea Leisure Co Ltd (GKL) says its casino sales for July rose by 11.4 percent year-on-year, to nearly KRW41.12 billion (US$33.8 million). Judged month-on-month,...