GGRAsia – Rest of Asia

HK-Singapore travel bubble imminent says Carrie Lam

Oct 27, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck

Hong Kong plans to launch a “travel bubble” with Singapore during November, said on Tuesday Hong Kong’s Chief Executive, Carrie Lam Cheng Yuet-ngor (pictured in a file photo). The news came...

RWG biz normal as nearby lockdown extended: firm

Oct 27, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Malaysia’s only casino complex, Resorts World Genting (RWG), says it “remains open as usual” despite the extension of Covid-19 countermeasures in Kuala Lumpur, Selangor and Putrajaya.The...

China plans up to 10yrs in jail for aiding overseas betting

Oct 23, 2020 Newsdesk Rest of Asia, Top of the deck, World

The latest version of an amendment to China’s criminal law – that would create an offence applicable to any person who either “organises or solicits” mainland residents to participate in...

China flags US$150bln in 9mths heading for bets overseas

Oct 22, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

China’s Ministry of Public Security stated on Thursday the authorities had identified in the first nine months of this year, the equivalent of nearly US$150 billion due to exit the country for...

Fitch downgrades GEN Bhd on likely slow pandemic recovery

Oct 19, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck, World

Fitch Ratings Inc has downgraded the long-term issuer default rating of Malaysian gambling and services conglomerate Genting Bhd to ‘BBB’ from BBB+’’, albeit with a ‘stable’ outlook. It...

Paradise Co US$87mln in bonds for pandemic liquidity

Oct 16, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Paradise Co Ltd, an operator in South Korea of foreigner-only casinos, has told GGRAsia that a recent KRW100-billion (US$87.3-million) bond offering it made was to support its liquidity during the...

Suncity listco flags 2-yr extension on convertible bonds

Oct 16, 2020 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Casino resort backer Suncity Group Holdings Ltd, controlled by Macau junket investor Alvin Chau Cheok Wa, says it has an agreement with a lender for a two-year extension, to December 7, 2022, on...

HK-Singapore travel bubble plans in weeks: HK govt

Oct 15, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck

The authorities in Hong Kong and Singapore have reached agreement in principle, on a “travel bubble” that would allow residents of the respective places to engage in leisure travel in each...

Suncity listco now holds 70pct of Summit Ascent

Oct 15, 2020 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Hong Kong-listed Suncity Group Holdings Ltd, headed by the boss of a major Macau junket investor, is now the controlling shareholder of casino backer Summit Ascent Holdings Ltd. The move came after...

RWG biz normal despite nearby lockdown: firm

Oct 15, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Malaysia’s only casino complex, Resorts World Genting (RWG), located in an upland area near the country’s capital Kuala Lumpur, says it “remains open as usual” despite the reintroduction of...