GGRAsia – Rest of Asia

Rest of Asia

Receivers sell off some Donaco shares held by Lim brothers

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

Receivers have sold off two tranches of ordinary shares in boutique Asian casino operator Donaco International Ltd that had been held by its former chief executive Joey Lim Keong Yew, and his brother...

Mainland China’s lottery sales down 12.7pct in May

Jun 26, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Mainland China’s sales of official lottery products in May fell by 12.7 percent year-on-year to CNY35.52 billion (US$5.16 billion), according to official data from the country’s Ministry of...

Sihanoukville casino nods might slow after disaster: GMA

Jun 26, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Reports that Cambodia’s prime minister, Hun Sen, has ordered a review of foreign-backed construction projects in the coastal resort city of Sihanoukville following the deadly collapse of a building...

Sega Sammy mulls naming Japan casino partners this year

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

Japanese entertainment conglomerate Sega Sammy Holdings Inc is considering whether it can make an announcement “this year” regarding consortium partners for a tilt at a casino resort licence in...

Laos govt eyes higher 2020 casino gaming levy: reports

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

Casinos and casino games in Laos will be subject to higher “levy” if a new law on the country’s excise duties comes into force “in January 2020”, according to several media reports....

Amax International annual loss balloons to US$54mln

Jun 25, 2019 Newsdesk Industry Talk, Latest News, Rest of Asia

Hong Kong-listed gaming services company Amax International Holdings Ltd says its net loss grew to about HKD418.10 million (US$53.6 million) in its financial year ended March 31, from nearly HKD52.80...

Caesars’ Asia plans reviewed amid US$17bln Eldorado bid

Jun 24, 2019 Newsdesk Japan, Latest News, Rest of Asia, Top of the deck, World

The future of the Caesars brand’s bid for a Japan casino licence and for construction of a South Korea casino is still to be clarified, following Monday’s announcement that United States regional...

Donaco loan deal, but flags net loss, no dividends soon

Jun 24, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Boutique Asian casino operator Donaco International Ltd says it is been able to rejig a term loan with Mega International Commercial Bank Co Ltd of Taiwan. But in a Monday filing to the Australian...

Gen Malaysia withdraws tax appeal, earnings seen lower

Jun 21, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Genting Malaysia Bhd, operator of Resorts World Genting, has said that its board decided to withdraw a judicial review against a Malaysian government decision regarding some promised tax incentives...

Lim Kok Thay pay cut offer symbolic gesture: analyst

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

The Wednesday offer of U.S.-dollar billionaire Lim Kok Thay, chairman of casino operator Genting Malaysia Bhd, to take a 20 percent cut on his cash compensation would make little practical difference...