GGRAsia – Top of the deck

Top of the deck

Genting Bhd issuing US$2.39bln in new notes

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

Malaysia’s Genting Bhd says its wholly-owned unit Genting RMTN Bhd has made a lodgement with the Securities Commission Malaysia for the establishment of a medium-term-notes programme in the amount...

Macau 2019 casino earnings have further to fall: MS

Sep 18, 2019 Newsdesk Latest News, Macau, Top of the deck

Earnings of casino firms in the Macau market “have not bottomed” despite the current attractive valuations for the stocks of such firms. So said banking group Morgan Stanley in a Monday report....

Macau gaming commissions hit four-year high in 2018

Sep 17, 2019 Newsdesk Latest News, Macau, Top of the deck

Commissions and certain other costs linked to Macau casino sales hit a four-year high in 2018, while the industry’s contribution to the local economy reached nearly MOP203.4 billion (US$25.2...

Macau airport to handle 9mln journeys this year: official

Sep 17, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau International Airport could see aggregate passenger volume for 2019 reach “over 9 million” arrivals and departures, said the president of the Civil Aviation Authority of Macao, Simon Chan...

Single digit percent Macau GGR rise for Sept: analysts

Sep 17, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau casino gross gaming revenue (GGR) is likely to expand in September by between 4 percent and 7 percent year-on-year. So said a Monday memo from brokerage Sanford C. Bernstein Ltd, noting that...

Tax-owing POGOs face closure, says Philippine govt

Sep 17, 2019 Newsdesk Latest News, Philippines, Top of the deck

The Philippines gaming regulator says it fully supports the country’s government “in cracking the whip” on Philippine Offshore Gaming Operators (POGOs) that are delinquent in the payment of...

Landing gets 6 months to find new Philippine casino site

Sep 17, 2019 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Asian casino promoter Landing International Development Ltd says it has been given approximately six months to find an alternative site for a casino resort it planned for the Philippine capital...

Macau gaming tax take circa US$9.5bln to August, up 1.5pct

Sep 13, 2019 Newsdesk Latest News, Macau, Top of the deck

The Macau government says it collected MOP76.47 billion (US$9.49 billion) in tax revenue from the city’s gaming industry in the first eight months this year. The tax revenue collected from the...

Wynn Resorts prices new US$750mln funding in notes

Sep 13, 2019 Newsdesk Latest News, Macau, Top of the deck, World

Casino operator Wynn Resorts Ltd has priced its new private offering, for an aggregate principal of US$750-million in senior notes, at 5.125 percent. The firm said in a filing on Thursday that cash...

Genting HK starts construction of new Global Class ship

Sep 13, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Genting Hong Kong Ltd, an operator of casino cruise ships and investor in Asian land-based casinos, says it has started construction of a second Global Class ship for its Dream Cruises segment. The...