GGRAsia – Rest of Asia

Rest of Asia

Beijing nods Hengqin’s tourism island proposal

Apr 18, 2019 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

The details in a proposal to develop Hengqin as a tourism island, and so complement neighbouring Macau’s tourism effort, have been approved by China’s State Council, said the...

RGB eyes Myanmar for gaming machine biz: report

Apr 15, 2019 Newsdesk Industry Talk, Latest News, Philippines, Rest of Asia

Gaming equipment maker RGB International Bhd is looking to business opportunities in Myanmar, according to a senior executive as quoted by the online edition of Malaysia’s The Star newspaper....

Resorts World Genting still cash cow for backer: Nomura

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

The Resorts World Genting casino resort near Malaysia’s capital Kuala Lumpur remains a “cash cow” for its promoter, despite a government hike in gaming taxes and licensing fees and uncertainty...

NagaCorp boss Chen Lip Keong to fund 50pct of Naga3 cost

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

Asian casino investor NagaCorp Ltd has confirmed that the firm’s founder and chief executive Chen Lip Keong will provide partial funding for the company’s new extension to NagaWorld casino resort...

Summit Ascent deputy chairman John Wang steps down: firm

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

Hong Kong-listed Summit Ascent Holdings Ltd, the promoter of Russian casino resort Tigre de Cristal (pictured), has announced the resignation of deputy chairman John Wang. The company stated in a...

Locals in Vietnam casinos boost money launder risk: U.S.

Apr 10, 2019 Newsdesk Latest News, Macau, Philippines, Rest of Asia, Top of the deck

The end of a ban on locals gambling in casinos in Vietnam is likely to increase the country’s exposure to money laundering. So says a report by the Department of State in the United States. “In...

Past advisor to Macau govt Green now Donaco director

Apr 10, 2019 Newsdesk Industry Talk, Latest News, Rest of Asia

Donaco International Ltd, an Australia-listed operator of casinos in Indochina, says it has made gaming law expert David Green (pictured) an independent non-executive director. In announcing the...

Genting’s Lim hints more cost cuts in Malaysia tax row

Apr 10, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

The announcement of a revision in casino duties and casino licence fee applicable to the Resorts World Genting casino complex following the Malaysian government’s budget for 2019 “will impact...

Summit Ascent key investor eyes US$55mln stake sale

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

The largest-single shareholder in Hong Kong-listed Summit Ascent Holdings Ltd, the promoter of Russian casino resort Tigre de Cristal, is mulling disposing of its stake to an undisclosed suitor. The...

Alvin Chau firm lending Suncity listco up to US$190mln

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

Suncity Group Holdings Ltd, a Hong Kong-listed vehicle controlled by Macau casino junket investor Alvin Chau Cheok Wa (pictured), is to borrow up to HKD1.5 billion (US$191.2 million) on an unsecured...