GGRAsia – Rest of Asia

Rest of Asia

Asian casino operator Donaco narrows 1H fiscal loss

Mar 01, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Boutique Asian casino operator Donaco International Ltd posted on Thursday a net loss of AUD36.8 million (US$26.1 million) in the six months to December 31, 2018. That compares to a net loss of...

GEN Malaysia 4Q profit helped by tax gain, year loss on notes

Feb 28, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck, World

Fourth-quarter profit at casino operator Genting Malaysia Bhd rose 60.1 percent on revenue that actually fell slightly. Such profit was MYR720.14 million (US$176.7 million) compared to MYR449.79...

Japan investor joins Diamond Fortune casino scheme

Feb 27, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Russia-based Diamond Fortune Holdings Prim LLC says it has “adjusted” its casino project for the Primorye Integrated Entertainment Zone (IEZ), near Vladivostok, after welcoming a new Japanese...

Suncity listco buys stake in Russia casino op Summit Ascent

Feb 25, 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 in a file photo), has reportedly acquired an equity position in Russian...

Cambodia joins Syria, Yemen on finance watchdog AML alert

Feb 25, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Cambodia has been identified as one of 12 jurisdictions with “strategic anti money laundering [AML] and combatting the financing of terrorism [CFT] deficiencies”. It joins countries that are...

Okada side says mogul released from HK graft watchdog bail

Feb 22, 2019 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

A statement issued on Friday on behalf of Japanese gaming entrepreneur Kazuo Okada (pictured) said that Hong Kong’s anti-graft agency the Independent Commission Against Corruption (ICAC), had...

Novomatic affirms Jade Ent as SE Asia distributor

Feb 22, 2019 Newsdesk Industry Talk, Latest News, Rest of Asia

Austria-based casino gaming equipment supplier Novomatic AG has clarified that Jade Entertainment and Gaming Technologies Inc continues to be a Novomatic distributor for Southeast Asia. The...

Macau junket business growth fastest overseas: MS

Feb 22, 2019 Newsdesk Latest News, Macau, Philippines, Rest of Asia, Top of the deck

Junket brands that have made their names by managing Chinese VIP players in the Macau casino market are now seeing their high-roller business overseas growing at a faster rate than in the core...

Suncity listco in Busan cooperation deal with Paradise Co

Feb 22, 2019 Newsdesk Latest News, 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, said on Thursday that a wholly-owned subsidiary had that day signed a...

Paradise Co 4Q loss increases, full-year deficit narrows

Feb 20, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Paradise Co Ltd, an operator of foreigner-only casinos in South Korea, reported a higher fourth-quarter loss compared to the deficit in the equivalent quarter in 2017. The loss for the three months...