GGRAsia – World

MGM China moving VIP tables to mass: Murren

Oct 01, 2014 Newsdesk Latest News, Macau, World

MGM Macau has been reallocating tables from its VIP gambling business to the mass-market segment in the light of the downturn in high roller gambling in the city. Jim Murren (pictured), chairman and...

G2E 2014 on course for big attendance

Sep 30, 2014 Newsdesk Industry Talk, Latest News, World

The total number of people exhibiting at and visiting this year’s Global Gaming Expo (G2E) could at least match last year’s record numbers. That’s based on the rate of pre-registration, one of...

Online scammers gambling their gains a threat: G2E panel

Sep 30, 2014 Newsdesk Latest News, World

One of the biggest threats to casinos in the fight against money laundering is online fraudsters using their ill-gotten gains to wager in gaming resorts, said a speaker at one of the opening seminar...

Adelson drops on Forbes list of America’s richest

Sep 30, 2014 Newsdesk Latest News, Top of the deck, World

The chairman and chief executive of casino operator Las Vegas Sands Corp, Sheldon Adelson (pictured), continues to be the richest gaming tycoon in the United States, the latest Forbes ranking shows....

Imperial Pacific’s first-half loss widens to US$2.5 mln

Sep 29, 2014 Newsdesk Latest News, Macau, Top of the deck, World

Macau junket investor Imperial Pacific International Holdings Ltd posted a net loss of HKD19.6 million (US$2.5 million) for the six months ended June 30, 2014. That compares with a loss of HKD1.9...

Wynn sues hedge fund manager Jim Chanos

Sep 29, 2014 Newsdesk Latest News, Top of the deck, World

U.S.-based casino operator Wynn Resorts Ltd and chairman Steve Wynn (pictured) are suing hedge fund short-seller Jim Chanos for slander. The company and Mr Wynn claim Mr Chanos falsely alleged...

Fitch upgrades MGM Resorts, MGM China ratings

Sep 26, 2014 Newsdesk Latest News, Macau, Top of the deck, World

Fitch Ratings Inc has upgraded MGM Resorts International’s rating to ‘B+’ from ‘B’ and subsidiary MGM China Holdings Ltd’s rating to ‘BB’ from...

Imperial Pacific starts downsizing to focus on gaming

Sep 26, 2014 Newsdesk Latest News, Macau, Top of the deck, World

Imperial Pacific International Holdings Ltd, an investor in the profit stream of Macau junket firm Hengsheng Group, said it wants to cut operating costs of other business segments in order to focus...

Macau junket investor announces US$7.1 bln plan for Saipan casino

Sep 25, 2014 Newsdesk Latest News, Macau, Top of the deck, World

Macau junket investor Imperial Pacific International Holdings Ltd said in a filing to the Hong Kong Stock Exchange that the total development cost for a casino project on the Pacific island of...

Reef Casino acquisition clears all federal hurdles

Sep 22, 2014 Newsdesk Latest News, Top of the deck, World

Australia’s Foreign Investment Review Board (FIRB) has approved Aquis Reef Holdings (Aus) Pty Ltd’s proposed takeover of the Reef Casino Trust. The final hurdle is now approval from the...