GGRAsia – Top of the deck

Int Ent half-year loss up, mulls financing for Manila IR

Feb 25, 2021 Newsdesk Latest News, Philippines, Top of the deck

Hong Kong-listed International Entertainment Corp reported a loss attributable to shareholders of nearly HKD91.1 million (US$11.7 million) for the six months to December 31, according to a Wednesday...

Kangwon licence extension to come with tax rejig: JP Morgan

Feb 24, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Kangwon Land Inc could pay the equivalent of up to six percentage points extra relative to its pre-tax profit, under a proposal that would see the operator of South Korea’s only casino for locals...

Galaxy Macau Phase 3 MICE to launch in stages says exec

Feb 24, 2021 Newsdesk Latest News, Macau, Top of the deck

Galaxy International Convention Center (GICC) – part of the coming Phase 3 of the Galaxy Macau casino resort on Cotai – is likely to be launched in stages starting from the second half of...

Phase 2 Resorts World Sentosa only starts 2022: analyst

Feb 24, 2021 Newsdesk Latest News, Singapore, Top of the deck

Construction of a second phase at the Resorts World Sentosa casino complex (pictured) in Singapore will only start in “early 2022” due to “disruption across the supply chain and labour force”...

Summit Ascent provides loan to Suntrust for Manila scheme

Feb 24, 2021 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Hong Kong-listed Summit Ascent Holdings Ltd is providing a loan of US$120 million to Philippine-based Suntrust Home Developers Inc, to support the latter’s development of a casino scheme in the...

SJM posts US$390mln 2020 loss, Cotai scheme in 1H

Feb 23, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator SJM Holdings Ltd has reported a net loss of nearly HKD3.03 billion (US$390.2 million) for full-year 2020, on revenue that fell by 77.8 percent in year-on-year terms. That...

GEN Malaysia aims 2Q launch for US$800mln theme park

Feb 23, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino operator and resort promoter Genting Malaysia Bhd has confirmed it is targeting the second quarter this year for the launch of the long-awaited outdoor theme park at Resorts World Genting,...

Pansy Ho sells off more stock in MGM Resorts for US$36mln

Feb 23, 2021 Newsdesk Latest News, Macau, Top of the deck, World

Pansy Ho Chiu King (pictured in a file photo), a co-chairperson and executive director of Macau casino operator MGM China Holdings Ltd, has sold for US$35.6 million an aggregate of one million shares...

Rail link to Hengqin to be built in 4 years: Macau govt

Feb 23, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau’s Secretary for Transport and Public Works, Raimundo do Rosário, says he is “confident” that construction of a planned extension to the city’s Light Rapid Transit (LRT) rail...

S. Korea 2020 casino bet turnover dips 58pct to US$535mln

Feb 23, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Gambling turnover at South Korea’s foreigner-only casinos for full-year 2020 fell by 58.7 percent from the prior-year period, coinciding with the Covid-19 pandemic, according to data from the Korea...