GGRAsia – World

World

Crown’s VIP biz slumps 46pct, chairman lashes out

Oct 24, 2019 Newsdesk Latest News, Top of the deck, World

Media allegations that Australian casino operator Crown Resorts Ltd’s gambling business had been used by criminal organisations to launder money appear to have hit the company’s trading...

LVS 3Q profit down 7pct, stays upbeat on Macau outlook

Oct 24, 2019 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Third-quarter net income attributable to shareholders of United States-based casino operator Las Vegas Sands Corp was down 6.7 percent year on year. Such net income for the three months to September...

MGM Cotai EBITDA US$250mln once fully ramped: Fitch

Oct 22, 2019 Newsdesk Latest News, Macau, Top of the deck, World

Fitch Ratings Inc forecasts that the MGM Cotai casino resort (pictured), in Macau’s Cotai district, will generate nearly US$250 million in incremental earnings before interest, taxation,...

Lawsuit vs Empire Resorts without merit: GEN Malaysia

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

Casino operator Genting Malaysia Bhd says a lawsuit against a proposed merger of United States-based casino firm Empire Resorts Inc is “without merit”, and that all the respondents named in the...

Silver Heritage chairman steps down: filing

Oct 17, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck, World

James Spenceley (pictured), chairman of Australia-listed casino operator Silver Heritage Group Ltd, is stepping down from the position, according to a Thursday filing. Mr Spenceley was also a...

Bellagio, Circus Circus deals for MGM balance sheet: CEO

Oct 16, 2019 Newsdesk Japan, Latest News, Top of the deck, World

United States-based casino firm MGM Resorts International’s planned sale for US$825 million of its Circus Circus Las Vegas venue and its decision to “monetise” for US$4.2 billion in cash its...

Global Gaming Expo 2019 starts Tuesday Las Vegas

Oct 14, 2019 Newsdesk Latest News, Top of the deck, World

Global Gaming Expo (G2E) 2019, the latest edition of the casino industry trade show and conference presented by the trade body American Gaming Association, starts on Tuesday (October 15). The event,...

Call to replace Donaco board to be aired at investor meet

Oct 14, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck, World

There has been a fresh attempt to influence the leadership direction of troubled Asian casino operator Donaco International Ltd. Two people – Gerald Tan Eng Hoe and Patrick Tan Teck Lee – have...

Ainsworth North America boss moves to UNLV role

Oct 11, 2019 Newsdesk Latest News, Top of the deck, World

Australia-based slot machine maker Ainsworth Game Technology Ltd says Joseph Bertolone has resigned from his role as the firm’s president – North America, with effect from Friday. In a filing...

Investor sues Empire, says Lim offer undervalues: report

Oct 11, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck, World

A minor shareholder is reportedly suing United States-based casino firm Empire Resorts Inc, operator of Resorts World Catskills (pictured) in New York state, claiming that group’s stock is...

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Asia Pioneer bullish on its long-term growth

Nov 14, 2019

Sponsored feature | Management at Hong Kong-listed Asia Pioneer Entertainment Holdings Ltd expects its business to continue to expand, with the firm looking to build its presence in Macau and tap into new markets in Southeast Asia. So says Herman Ng Man Ho, company managing director and chief...