GGRAsia – Newsdesk

Author Archive: Newsdesk

Genting Malaysia theme park might open 2020: Maybank

Jul 24, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

A brokerage is lifting a 10-percent discount it had ascribed to the target price of shares in casino operator Genting Malaysia Bhd. Maybank Investment Bank Bhd said the move was on the basis that the...

Pagcor rebuffs claims against Casino Filipino Manila Bay

Jul 24, 2019 Newsdesk Latest News, Philippines, Top of the deck

The Philippine Amusement and Gaming Corp – also known as Pagcor – has disputed claims by a public spending watchdog that Casino Filipino Manila Bay had an accumulated PHP2.1 billion (US$41.4...

NagaCorp’s 1H net profit jumps 36pct to US$245mln

Jul 24, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Hong Kong-listed casino operator and developer NagaCorp Ltd has reported net profit of about US$245.1 million for the first six months of the year, a 36.1-percent increase over the corresponding...

Frontier Capital’s casino to launch on Sunday: firm

Jul 24, 2019 Newsdesk Latest News, Philippines, Top of the deck

Australia-listed casino investor Frontier Capital Group Ltd says it will recommence gaming operations at its casino resort in the Philippines on Sunday, July 28. The company says it had a “soft...

Suncity hints Macau VIP biz not hurt by online claims

Jul 23, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau junket operator Suncity Group has indicated in a reply to GGRAsia that its Macau VIP gaming business has not been affected by news reports alleging the brand’s involvement in an online...

S. Korean casinos for foreigners 2018 takings US$1.4 billion

Jul 23, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

The gaming regulator in South Korea says turnover in the casinos there that admit only foreigners grew to almost KRW1.63 trillion (about US$1.38 billion) in 2018 from just under KRW1.21 trillion in...

Crane Co Q2 net profit rises to US$91mln on flat sales

Jul 23, 2019 Newsdesk Industry Talk, Latest News

Crane Co, a U.S. maker of equipment for the gaming and other industries, says its net profit rose to US$91.0 million in the second quarter of 2019 from US$80.7 million a year earlier. Crane issued on...

Ho Iat Seng to run unopposed for Macau top job

Jul 23, 2019 Newsdesk Latest News, Macau, Top of the deck

Ho Iat Seng, until recently president of Macau’s Legislative Assembly, is to run unopposed for the role of chief executive, the city’s top job. He received a total of 378 nominations drawn from...

Macau GGR y-o-y growth to slow in July: analysts

Jul 23, 2019 Newsdesk Latest News, Macau, Top of the deck

Two brokerages are anticipating year-on-year growth in Macau’s casino gross gaming revenue (GGR) will slow down in July compared to the 5.9-percent year-on-year rate recorded in the previous month....

Aggregate 20.3mln visitors to Macau in 1H 2019

Jul 22, 2019 Newsdesk Latest News, Macau, Top of the deck

Visitor arrivals to Macau totalled nearly 20.3 million for the first half of this year, representing a year-on-year increase by 20.6 percent, according to the latest official data. The number of...