GGRAsia – Newsdesk

China’s mobile lottery sector to enjoy faster growth: AGTech

Nov 13, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

Lottery supplier AGTech Holdings Ltd said it believes the Chinese government will start to regulate the development of the online and mobile lottery systems and distribution market, allowing the...

PhilWeb’s profit grows 12.9 pct in 3Q

Nov 13, 2014 Newsdesk Latest News, Philippines, Top of the deck

PhilWeb Corp, which operates Internet cafés exclusively dedicated to casino games across the Philippines, reported higher net income for the three months to September 30, on cost savings and revenue...

Union Gaming hires new team including Telsey’s Jones

Nov 12, 2014 Newsdesk Industry Talk, Latest News

Union Gaming Group LLC says it has hired Christopher Jones as managing director and head of equity research in North America. Mr Jones joins Union Gaming from Telsey Advisory Group in New York, where...

SFC warns on ownership concentration in Sinogreen

Nov 12, 2014 Newsdesk Industry Talk, Latest News

Hong Kong’s Securities and Futures Commission (SFC) has issued a warning regarding a high concentration of ownership in the shares of Sinogreen Energy International Group Ltd. The firm – which...

Macau mass gaming slip risks margin pressure: analysts

Nov 12, 2014 Newsdesk Latest News, Macau, Top of the deck

Macau gross gaming revenue (GGR) for November could be heading for a year-on-year decline of between 14 percent and 20 percent, spurred by continuing softness in the VIP segment and lacklustre...

Amax International issues warning of wider loss

Nov 12, 2014 Newsdesk Industry Talk, Latest News, Macau, World

Casino industry investor Amax International Holdings Ltd on Tuesday warned – in one of three filings that day – that its loss for the six months to September 30 is likely to have widened compared...

IGT to pay US$0.11 per share quarterly dividend

Nov 12, 2014 Newsdesk Industry Talk, Latest News

Nasdaq-listed International Game Technology (IGT) announced on Tuesday that the board of directors has declared a cash dividend of US$0.11 per share on its common stock. “This marks the 47th...

Huiyin Household offers Shanghai sports lottery products

Nov 12, 2014 Newsdesk Industry Talk, Latest News, Rest of Asia

Huiyin Household Appliances (Holdings) Co Ltd, a Hong Kong-listed investment holding company, announced that a wholly owned subsidiary has reached an agreement to sell sports lottery products in...

Macau govt drafts cautious budget on weaker GGR: Chui

Nov 12, 2014 Newsdesk Latest News, Macau, Top of the deck

The Macau government is being cautious about next year’s budget due to the slowdown in casino gross gaming revenue (GGR), the city’s Chief Executive Fernando Chui Sai On (pictured) admitted on...

New head of Macau govt gaming policy soon: reports

Nov 11, 2014 Newsdesk Latest News, Macau, Top of the deck

Macau Chief Executive, Fernando Chui Sai On, is said to be preparing a complete overhaul in the government for his second term in office, beginning on December 20. Mr Chui is planning to replace all...