GGRAsia – Rest of Asia

Genting HK top executives waive pay, firm to cut jobs

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

Genting Hong Kong Ltd, an operator of casino cruise ships and an investor in Asian land-based casinos, says it is moving to a new phase of cost reduction in a bid to limit the expected loss for the...

Kangwon Land extends closure, ups expected loss

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

Kangwon Land, the only casino resort in South Korea where the country’s nationals are allowed to gamble, has decided to extend – for a fourth time – the temporary closure of its gaming venue....

S&P shifts Genting outlook to negative amid virus hit

Mar 12, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck, World

Standard & Poor’s Global Ratings revised on Wednesday its outlook on Malaysia’s Genting Bhd and on its wholly-owned unit Resorts World Las Vegas LLC, to “negative” from “stable”....

Kangwon Land flags 2019 dividend as annual profit up

Mar 11, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Kangwon Land Inc, the operator of South Korea’s only casino resort open to locals, has recommended a final dividend of KRW900 (US$ 0.7546) per share for the year ended December 31, 2019. Such...

Casino op Landing flags 160pct increase in annual loss

Mar 10, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino investor Landing International Development Ltd says it expects to record an increase in its net loss for full-year 2019 of “not less than” 160 percent as compared to the year ended...

Kangwon flags US$67mln lost gaming, virus closure extended

Mar 09, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Kangwon Land, the only casino resort in South Korea where the country’s nationals are allowed to gamble, has decided to extend – for a third time – the temporary closure of its gaming...

Suncity listco in additional US$17mln loan for Hoiana

Mar 09, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

A unit of Suncity Group Holdings Ltd is to lend an additional US$17 million to the promoter of the under-development Hoiana casino resort in Vietnam, according to a Friday filing to the Hong Kong...

Korean actor Lee Byung-hun Paradise City brand ambassador

Mar 04, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

South Korean casino operator Paradise Co Ltd has chosen actor Lee Byung-hun as a brand ambassador to promote internationally its Incheon resort complex Paradise City (pictured) and its other venues...

Paradise Co, GKL casino rev up Feb amid S.Korea virus fear

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

Casino revenue at Paradise Co Ltd, a South Korean operator of foreigner-only casinos, rose 16.2 percent year-on-year in February – a calendar leap year – it said in a Tuesday filing to the...

Donaco agrees to lift non-compete in Star Vegas deal

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

Boutique Asian casino operator Donaco International Ltd has agreed to remove non-competition and non-solicitation clauses regarding its Star Vegas Resort and Club business (pictured), from a 2015...