GGRAsia – Newsdesk

Macau’s Louis XIII raising US$390 mln in shares, bonds

Nov 21, 2014 Newsdesk Latest News, Macau, Top of the deck

The holding company of boutique Macau casino hotel project Louis XIII (pictured) is seeking to raise up to HKD3.03 billion (US$390.7 million) in additional funds through the placing of shares and...

Wynn Resorts unaware of money laundering probe

Nov 21, 2014 Newsdesk Latest News, World

U.S.-based casino operator Wynn Resorts Ltd says it is unaware of any probe by U.S. federal authorities for possible failure in its money-laundering controls. The statement came after the Wall Street...

MGM Resorts plans US$1.15 bln offering to trim development debt

Nov 21, 2014 Newsdesk Industry Talk, Latest News, World

MGM Resorts International, the parent of Macau-based MGM China Holdings Ltd, on Thursday announced it was pricing a public offering of US$1.15 billion in aggregate principal amount of 6 percent...

Paradise breaks ground on Yeongjong casino

Nov 21, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

South Korean casino operator Paradise Co Ltd broke ground on Thursday at the site of its planned US$1.7 billion Paradise City casino resort (pictured in a rendering) at Incheon, near the country’s...

Bally, Scientific Games merger clears last regulatory hurdle

Nov 21, 2014 Newsdesk Industry Talk, Latest News, Top of the deck

U.S.-based specialist in lottery equipment and management Scientific Games Corp on Thursday received the final regulatory approval required for the merger with Bally Technologies Inc, a global slot...

Imperial Pacific ok for 49 pct fresh equity in Saipan

Nov 21, 2014 Newsdesk Latest News, Top of the deck, World

Imperial Pacific International Holdings Ltd – holder of a casino licence for the Pacific island of Saipan (pictured) – will be allowed by the authorities there to bring in outside investors up to...

Changes to Macau border policy positive: analyst

Nov 20, 2014 Newsdesk Latest News, Macau, Top of the deck

The border crossing between Macau and mainland China’s Hengqin Island will start operating round-the-clock on December 18, Macau’s government spokesperson Alexis Tam Chon Weng announced on...

Chow Tai Fook boss eyes Incheon casino

Nov 20, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

Chow Tai Fook Enterprises Ltd on November 16 signed a letter of intent to invest US$1.6 billion to create a new South Korean casino resort at Incheon, near the country’s capital Seoul, reports...

Macau non-gaming spend rising as GGR slides

Nov 20, 2014 Newsdesk Latest News, Macau, Top of the deck

Visitors to Macau spent MOP15.5 billion (US$1.9 billion), excluding gaming expenses, in the third quarter of 2014, up by 4.6 percent from a year earlier, official data show. Total spending by...

Genting to debut in Korea in 2015

Nov 20, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

The Genting brand is set to enter South Korea’s gaming market next year via a partnership between Genting Hong Kong Ltd and mainland China real estate developer Landing International Development...