GGRAsia – World

Casino surveillance tech firm Synectics flags weaker 2H

Sep 30, 2020 Newsdesk Latest News, Macau, Top of the deck, World

Synectics Plc warned in a Tuesday update that it expected poorer results in the second half ending November 30, citing the economic effects of Covid-19. The London, United Kingdom-listed firm is a...

Crown junket halt unlikely to be extended: JP Morgan

Sep 29, 2020 Newsdesk Latest News, Top of the deck, World

The move by casino operator Crown Resorts Ltd, to halt until June next year any activity with external gaming-junket partners, was unlikely to lead to a long-lasting cut in such ties, said JP Morgan...

S&P says Genting Bhd governance constrains ratings

Sep 29, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck, World

An assessment of management and corporate governance at Malaysian casino conglomerate Genting Bhd has been lowered to ‘fair’, from ‘satisfactory’, by Standard & Poor’s (S&P’s)...

Former Barclays exec Throsby joins board of Scientific Games

Sep 29, 2020 Newsdesk Industry Talk, Latest News, World

A former chief executive at United Kingdom-based Barclays Bank Plc has been appointed as an independent director at casino games and lottery services provider Scientific Games with effect from...

Stanley Ho Melco tie not probed in Crown share deal: inquiry

Sep 29, 2020 Newsdesk Latest News, Macau, Top of the deck, World

A non-executive director at Australian casino firm Crown Resorts Ltd, Michael Johnston, said on Monday that he had not checked whether Stanley Ho Hung Sun, former monopolist in the Macau casino...

Crown halting all activity with junkets till end-June 2021

Sep 25, 2020 Newsdesk Latest News, Top of the deck, World

Australian casino operator Crown Resorts Ltd said in a Friday filing that it had suspended “all activity” with external gaming-junket partners, with effect until June 30, 2021. The company told...

LVS oks for lender no dividends unless US$1bln liquidity

Sep 24, 2020 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Las Vegas Sands Corp (LVS) has agreed with one of its lenders that the casino firm will, for the time being, not declare or pay any dividends unless it has more than US$1.0 billion in liquidity. In...

Aristocrat bound for U.S. real cash iGaming: JP Morgan

Sep 22, 2020 Newsdesk Latest News, Top of the deck, World

It is a “matter of when and how, not if” casino slot machine maker Aristocrat Leisure Ltd enters the iGaming market in the United States, says a Tuesday note from JP Morgan Securities Australia...

Macau revival opaque, likely faster than Nevada says Fitch

Sep 18, 2020 Newsdesk Latest News, Macau, Top of the deck, World

Macau gaming could recover more quickly than casino play in Las Vegas, Nevada, in the United States, although the mechanics of Macau’s comeback were “opaque” in terms of mainland...

Scientific Games change of control, Odell in as exec chair

Sep 15, 2020 Newsdesk Industry Talk, Latest News, Top of the deck, World

Control of casino equipment maker and lottery services provider Scientific Games Corp is changing hands, with the sale of a 34.9-percent stake – that had been held by financier Ronald Perelman –...