GGRAsia – Latest News

LVS plans to keep U.S. base, stock listing: spokesman

Mar 04, 2021 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Casino group Las Vegas Sands Corp intends to keep its headquarters and its current stock listing in the United States, a spokesman told GGRAsia in response to our enquiry. “The company plans to...

Pansy Ho again cuts stake in MGM Resorts, for US$57mln

Mar 04, 2021 Newsdesk Latest News, Macau, Top of the deck

Pansy Ho Chiu King (pictured in a file photo), a co-chairperson and executive director of Macau casino operator MGM China Holdings Ltd, has sold for US$56.7 million an aggregate of 1.45 million...

Nevada sell-off by LVS may aid dividend return: Bernstein

Mar 04, 2021 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

The planned sale of the Nevada gaming assets of United States-based casino group Las Vegas Sands Corp announced on Wednesday, could “accelerate the timing of dividend resumption” for the firm, or...

Paradise Co posts sharp Feb casino revenue decline

Mar 04, 2021 Emanuel Graça Latest News, Rest of Asia, Top of the deck

Paradise Co Ltd, an operator in South Korea of foreigner-only casinos, said in a Wednesday filing that its February casino revenue declined 36.5 percent judged month-on-month. Measured...

Las Vegas Sands to sell off Nevada assets for US$6.25bln

Mar 03, 2021 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

United States-based casino operator Las Vegas Sands Corp said in a Wednesday filing that on Tuesday it had made an agreement to sell its Las Vegas, Nevada venues and operations for US$6.25 billion....

Macau Jan gaming tax take US$402 mln, down 63 pct

Mar 03, 2021 Newsdesk Latest News, Macau, Top of the deck

The Macau government collected nearly MOP3.21 billion (US$402.1 million) in tax revenue from the city’s gaming industry for the first month in 2021. That figure was down 63.6 percent compared...

Casino surveillance biz decline tips Synectics to year loss

Mar 03, 2021 Newsdesk Industry Talk, Latest News, Top of the deck

Surveillance technology specialist Synectics Plc, an equipment supplier to the land-based casino industry in Asia-Pacific including in Macau and Singapore, reported a consolidated loss of nearly...

Casino op Genting Malaysia pay cuts March-May: reports

Mar 03, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Genting Malaysia Bhd, the promoter of Malaysia’s only casino complex, Resorts World Genting (pictured), is planning salary cuts for staff during the March to May period inclusive, reported several...

IGT quarterly loss doubles sequentially 4Q as revenue dips

Mar 03, 2021 Newsdesk Latest News, Top of the deck, World

Gaming product and lottery services provider International Game Technology Plc (IGT) reported on Tuesday a net loss attributable to shareholders of just under US$242.0 million for the fourth quarter...

Metro Manila, Entertainment City stay in GCQ to March 31

Mar 03, 2021 Newsdesk Latest News, Philippines, Top of the deck

Metro Manila (pictured), home to the Entertainment City zone of large-scale private-sector Philippine casino resorts, will stay under so-called general community quarantine (GCQ) for the whole of...