GGRAsia – World

A$9.8 bln spent on pokies in year to March: study

Jun 06, 2014 Newsdesk Latest News, World

Poker machines accounted for 60 percent of the A$16.3 billion (US$15.2 billion) spent by Australians on gambling in the 12 months to March 2014, show the latest results of the Roy Morgan Gambling...

Amax extends Vanuatu deal deadline

Jun 03, 2014 Newsdesk Latest News, Top of the deck, World

Macau junket investor Amax International Holdings Ltd announced that it hopes to complete a deal to acquire a 60 percent stake in a casino in the Pacific island Republic of Vanuatu by the end of...

‘Asians’ account for 12 pct of Las Vegas visitors

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

The percentage of tourists to Las Vegas identifying themselves as Asian or Asian American in an official poll has risen to 12 percent in 2013 from only two percent in 2009. That’s according to the...

Genting gets OK from Nevada gaming regulators

May 23, 2014 Newsdesk Latest News, World

Nevada gambling regulators gave preliminary approval for Malaysia’s Genting Bhd to do business in the state. The Nevada Gaming Commission said it found Genting and its directors suitable, after a...

Asian operators ‘welcome’ in US: AGA boss

May 20, 2014 Newsdesk Latest News, Top of the deck, World

The president and chief executive of the American Gaming Association, Geoff Freeman (pictured), says Asian casino operators are “absolutely welcome” in the United States. “As an industry, we...

Genting gets backing for Tuxedo casino

May 15, 2014 Newsdesk Latest News, Rest of Asia, World

Malaysia’s Genting Bhd, one of Asia’s largest casino operators, received a letter of consent from the Tuxedo Town Board to support its bid to develop and operate a casino resort in upstate New...

Genting’s U.S. project credit negative: Moody’s

May 13, 2014 Newsdesk Latest News, Rest of Asia, World

Genting Bhd’s casino project in Las Vegas is credit negative as it would raise the group’s debt level and it also entails execution risk, said Moody’s Investors Service. Malaysia’s casino...

Caesars’ new term loan ‘short-term fix’

May 09, 2014 Newsdesk Latest News, World

Bondholders of Caesars Entertainment Operating Co Inc (CEOC) may be under increasing pressure as the company plans to raise an additional US$1.75 billion in a new first-lien term loan. Caesars...