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Crane Co 3Q profit down 22 pct, pledges 4Q dividend

Crane Co 3Q profit down 22 pct, pledges 4Q dividend

Oct 27, 2020 Latest News, Top of the deck, World  

Crane Co, a conglomerate supplying payment-processing technology and other services to consumer industries including the casino sector, said its third-quarter net income attributable to shareholders...
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LVS confirms talks for poss US$6bln disposal Vegas venues

LVS confirms talks for poss US$6bln disposal Vegas venues

Oct 27, 2020 Latest News, Macau, Singapore, Top of the deck, World  

United States-based casino operator Las Vegas Sands Corp (LVS) has confirmed it is in early discussions about a possible US$6-billion sale of its venues in Las Vegas, Nevada, reports Bloomberg,...
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China plans up to 10yrs in jail for aiding overseas betting

China plans up to 10yrs in jail for aiding overseas betting

Oct 23, 2020 Rest of Asia, Top of the deck, World  

The latest version of an amendment to China’s criminal law – that would create an offence applicable to any person who either “organises or solicits” mainland residents to participate in...
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Macau groups, flight-hotel deals still off for mainlanders

Macau groups, flight-hotel deals still off for mainlanders

Oct 22, 2020 Latest News, Macau, Top of the deck, World  

China’s Ministry of Culture and Tourism confirmed on Wednesday that businesses normally involved in, respectively, “inbound and outbound” package tours involving the mainland market; and...
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Watchdog told Crown Resorts in 2017 Alvin Chau ‘criminal’

Watchdog told Crown Resorts in 2017 Alvin Chau ‘criminal’

Oct 20, 2020 Latest News, Macau, Top of the deck, World  

The New South Wales probity inquiry into casino operator Crown Resorts Ltd heard on Tuesday that in June 2017 the Australian financial watchdog AUSTRAC had emailed the firm, telling it that Alvin...
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Fitch downgrades GEN Bhd on likely slow pandemic recovery

Fitch downgrades GEN Bhd on likely slow pandemic recovery

Oct 19, 2020 Latest News, Rest of Asia, Singapore, Top of the deck, World  

Fitch Ratings Inc has downgraded the long-term issuer default rating of Malaysian gambling and services conglomerate Genting Bhd to ‘BBB’ from BBB+’’, albeit with a ‘stable’ outlook. It...
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TransAct prices offer to investors at US$7.10 per share

TransAct prices offer to investors at US$7.10 per share

Oct 16, 2020 Industry Talk, Latest News, World  

Casino-printer and food-safety technology supplier TransAct Technologies Inc aims to gross US$8.52 million from an offering of 1.2 million of its common shares at US$7.10 per share, it said in a...
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Aristocrat eyes entry to sports betting field: CEO

Aristocrat eyes entry to sports betting field: CEO

Oct 15, 2020 Latest News, Top of the deck, World  

The chief executive of Australia-listed slot machine and digital games supplier Aristocrat Leisure Ltd says his firm is interested in entering the sports betting market. “We have the balance sheet,...
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TransAct to offer new shares to cover corporate costs

TransAct to offer new shares to cover corporate costs

Oct 14, 2020 Latest News, Top of the deck, World  

TransAct Technologies Inc, a supplier of casino slot machine printers and food safety monitoring equipment for commercial catering, stated in a Tuesday filing in the United States that it planned to...
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MGM China parent completes US$750mln note offer

MGM China parent completes US$750mln note offer

Oct 14, 2020 Latest News, Macau, Top of the deck, World  

The parent of Macau casino operator MGM China Holdings Ltd has completed issuance of US$750 million in 4.750-percent senior notes due in 2028. United States-based MGM Resorts International said in a...
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US$845 million

Macau casino gross gaming revenue in November