GGRAsia – Newsdesk

‘Asians’ account for 12 pct of Las Vegas visitors

May 29, 2014 Newsdesk Latest News, Top of the deck, World

The percentage of tourists to Las Vegas identifying themselves as Asian or Asian American in an official poll has risen to 12 percent in 2013 from only two percent in 2009. That’s according to the...

Parisian to generate US$2 billion EBITDA a year: Adelson

May 29, 2014 Newsdesk Latest News, Macau, Top of the deck

The Parisian casino resort could generate earnings before interest, taxation, depreciation and amortisation, or EBITDA, between US$1 billion and US$2 billion a year, says Sheldon Adelson, chairman...

Iao Kun profit down by 54 pct in Q1 2014

May 29, 2014 Newsdesk Latest News, Macau, Top of the deck

Macau VIP room gaming promoter Iao Kun Group Holding Co Ltd posted a sharp profit drop in the first quarter of this year. Net income went down to US$3.2 million, a fall of 54.3 percent from one year...

Upper house is Japan casino roadblock

May 29, 2014 Newsdesk Japan, Latest News, Top of the deck

Japan’s main opposition party, the Democratic Party of Japan, is due to hold a meeting this week to discuss the principle of debating during the current session of the country’s parliament a...

Genting Hong Kong gets loan for new cruise ship

May 29, 2014 Newsdesk Industry Talk, Latest News, Top of the deck

Gaming operator Genting Hong Kong Ltd has secured a loan facility of up to EUR606.8 million (US$825.3 million) to finance the construction of a new cruise ship. The company said in a filling to the...

Japan casino bill not in current legislative session: report

May 29, 2014 Newsdesk Japan, Latest News, Top of the deck

The prospect of legalising casinos in Japan is likely to be postponed to the next legislative session of the country’s Diet. That means it would not happen until this autumn at the earliest....

Macau political awakening not to hurt gaming: analysts

May 28, 2014 Newsdesk Latest News, Macau, Top of the deck

Two large protests of unprecedented size in Macau in less than one week are raising a debate on whether the city’s population is becoming more politically engaged. Two analysts contacted by GGRAsia...

Konami launches subsidiary eyeing Japan casino investment

May 28, 2014 Newsdesk Japan, Latest News, Top of the deck

Japanese gaming company Konami Corp is establishing corporate structures to enable investment in casinos in Japan, in anticipation that such venues will be legalised there. The company announced...

Investor moves stake from Sands China to Las Vegas Sands

May 28, 2014 Newsdesk Latest News, Macau, Top of the deck

U.S.-based asset-management firm Waddell & Reed Financial Inc announced on Tuesday it had moved its US$1.38 billion stake in Macau-based casino operator Sands China Ltd to the latter’s...

Genting Singapore sets up Japanese units

May 28, 2014 Newsdesk Japan, Latest News

Genting Singapore Plc, the developer and owner of the Resorts World Sentosa casino resort in Singapore, has set up eight wholly owned subsidiaries in Japan. It said so in a filing to Singapore...