GGRAsia – World

High Court not to hear Melco appeal on NSW Crown probe

Jun 11, 2020 Newsdesk Latest News, Top of the deck, World

The High Court of Australia has refused a special-leave application filed by casino operator Melco Resorts and Entertainment Ltd regarding whether it needed to hand over to a regulatory inquiry in...

IGT new senior debt to fund cash buy of notes due 2022

Jun 09, 2020 Newsdesk Latest News, Top of the deck, World

Casino and lottery technology provider International Game Technology Plc (IGT) announced on Monday the pricing of US$750-million in 5.25-percent senior secured notes due in 2029, which it intends to...

May gain for AGEM Index, but growth rate slows

Jun 05, 2020 Newsdesk Industry Talk, Latest News, World

The AGEM Index for stocks of major casino equipment suppliers increased by 26.84 points in May to 402.89 points, a 7.1-percent gain from April. Judged year-on-year, May’s result was down 16.6...

Everi swings to 1Q loss, says conserving cash

Jun 03, 2020 Newsdesk Industry Talk, Latest News, World

Casino equipment maker and financial technology (fintech) supplier Everi Holdings Inc swung to a first-quarter net loss of US$13.5 million, compared to recording net income of US$5.9 million in the...

Moody’s keeps LVS, Sands China ratings, outlook negative

Jun 03, 2020 Newsdesk Latest News, Macau, Top of the deck, World

Moody’s Investors Service Inc has confirmed the “Baa3” rating of United States-based casino operator Las Vegas Sands Corp and the “Baa2” rating of its Macau-based unit Sands China Ltd. The...

Sci Games ‘Social Distancing Module’ for EGM play

May 28, 2020 Newsdesk Latest News, Trends & Tech, World

Casino equipment supplier Scientific Games Corp says it has immediately available to the market technology fixes that enable safe use and maintenance of electronic gaming machines (EGMs) on casino...

MGM, Wynn to restart Las Vegas operations from June 4

May 28, 2020 Newsdesk Latest News, Top of the deck, World

Two United States-based casino firms with Macau operations are to start reopening their Nevada casinos from June 4, after state authorities gave the go ahead to the market but with safety steps to...

Vegas scheme drag on GEN parent amid Covid-19: Nomura

May 26, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck, World

The standalone balance sheet of Malaysia’s Genting Bhd, the parent of a range of casino operating businesses in Asia-Pacific and beyond, is already “weaker” than previously, and the current...

June 4 Nevada casino relaunch aim, tourism rebound unclear

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

The Nevada Governor, Steve Sisolak, was quoted on Friday by multiple media outlets as saying June 4 was a target date for the state’s casinos – including those of the Las Vegas Strip (pictured...

Aristocrat to pay US$31mln in Big Fish lawsuit settlement

May 25, 2020 Newsdesk Industry Talk, Latest News, World

Slot machine maker and online games supplier Aristocrat Leisure Ltd is to pay US$31 million as part of a US$155-million class-action settlement centring on two lawsuits in the U.S. state of...