GGRAsia – Rest of Asia

Hoiana payback a minimum 5 yrs: Suncity exec

Aug 03, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

It could take “five to six years” for Hong Kong-listed Suncity Group Holdings Ltd to see payback on its share of investment in the Hoiana casino resort scheme on Vietnam’s central coast,...

Genting HK expects ‘significantly higher’ 1H loss

Aug 03, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Genting Hong Kong Ltd, a Hong Kong-listed operator of casino cruise ships and shipyards, as well as an investor in the Resorts World Manila casino resort in the Philippines, warned in a Monday filing...

Donaco 2Q rev slumps, looks at cash burn rate, CEO exits

Aug 03, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Australia-listed casino operator Donaco International Ltd says it is aiming to keep its cash burn rate at between US$800,000 and US$900,000 a month, amid a slump in business related with Covid-19....

21 Sihanoukville casinos petition to reopen: report

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

A total of 21 casinos in Cambodia’s coastal province of Sihanoukville, among venues shuttered due to Covid-19, have petitioned the authorities for permission to resume operations, the Phnom Penh...

Donaco awaits govt inspection before reopening Star Vegas

Jul 29, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Australia-listed casino operator Donaco International Ltd confirmed in a Wednesday filing it has not yet received a Cambodian-government inspection of its Star Vegas Resort and Club (pictured in a...

Donaco confirms US$10mln capital via entitlement offer

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

Australia-listed casino operator Donaco International Ltd says it has successfully completed a share exercise it flagged earlier this month, and is raising AUD14.4 million – about US$10.3...

Genting HK unit restarts cruise services to Taiwan

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

Genting Cruise Lines, operator of three distinct ship-based holiday brands – Star Cruises, Dream Cruises and Crystal Cruises – says Dream Cruises is ready to restart its cruise services to...

Recent closure at NagaWorld hurt credit story: Moody’s

Jul 24, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

The temporary suspension of casino operations at the NagaWorld complex (pictured) in Cambodia from April to July as a safeguard against the spread of Covid-19 “will hurt earnings and credit metrics...

Asia Pioneer places product at gaming club in Vietnam

Jul 22, 2020 Newsdesk Industry Talk, Latest News, Rest of Asia

Hong Kong-listed Asia Pioneer Entertainment (APE) Holdings Ltd says it has installed a total of 50 electronic table games (ETGs) at a gaming venue called Club99 at the Furama Resort Danang, in...

NagaWorld can open mass, set for fully operational casino

Jul 20, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino group NagaCorp Ltd says it has been allowed by the Cambodian government to reopen “all of its casino businesses”, including mass market gaming tables. Hong Kong-listed NagaCorp operates...