GGRAsia – Industry Talk

Weidner-managed casino hotel hires MGM executive

Aug 12, 2014 Newsdesk Industry Talk, Latest News, World

Baha Mar Casino & Hotel – a property in the Bahamas to be managed by Bill Weidner’s Global Gaming Asset Management LLC (GGAM) – has hired a former MGM Resorts International executive in a...

Transact launches US$7.5 mln share buy-back

Aug 12, 2014 Newsdesk Industry Talk, Latest News

U.S.-based Transact Technologies Inc announced on Monday a stock repurchase programme “effective immediately”. The company’s board authorised a buy-back scheme “of up to US$7.5 million of...

AGEM Index back to decline in July

Aug 11, 2014 Newsdesk Industry Talk, Latest News, Top of the deck, World

After increasing for only one month, the AGEM Index dropped in July when compared to the previous month. The composite index fell to 183.61 in July, down 1.73 points, or 0.9 percent, from June. The...

Former AFL boss to join Crown Resorts board

Aug 08, 2014 Newsdesk Industry Talk, Latest News, World

Andrew Demetriou, a former head of one of Australia’s elite sport leagues, is to become a director of casino operator Crown Resorts Ltd. Mr Demetriou (pictured) was chief executive of the...

New general office boss for GLI Asia

Aug 07, 2014 Newsdesk Industry Talk, Latest News, Macau

Gaming testing specialist and technical consultancy Gaming Laboratories International LLC (GLI) has appointed Amanda Chan as its new general office manager for GLI Asia Ltd. She will be based at the...

TransAct 2Q profit sharply down on lower casino sales

Aug 07, 2014 Newsdesk Industry Talk, Latest News, Top of the deck

U.S.-based Transact Technologies Inc reported a net income of US$0.2 million for the second quarter of 2014, significantly down from US$1.2 million compared with one year ago. The Nasdaq-listed...

Consolidation among slot suppliers ‘overdue’: Fitch

Aug 06, 2014 Newsdesk Industry Talk, Latest News, Top of the deck

Fitch Ratings Inc says the consolidation trend that is sweeping the slot supplier industry “is arguably overdue”. “Duplicative costs including research and development have helped prime the...

Global Cash Access posts 30-pct profit drop for 2Q

Aug 06, 2014 Newsdesk Industry Talk, Latest News

U.S.-based Global Cash Access Holdings Inc posted a drop in net income of 30.3 percent for the second quarter of 2014 compared with one year ago. The New York-listed firm – also known as GCA and...

Scientific Games posts 78-pct jump in 2Q revenue

Aug 06, 2014 Newsdesk Industry Talk, Latest News, Top of the deck

Gaming and lottery supplier Scientific Games Corp recorded a jump of 77.4 percent in revenue for the second quarter of 2014, to US$416.9 million. The Nasdaq-listed company still incurred a net loss...

Konami’s quarterly gaming revenue up by 12 pct

Aug 05, 2014 Newsdesk Industry Talk, Japan, Latest News

Konami Corp’s gaming and systems division reported an increase in net revenue of 11.9 percent for the three months ended June 30. The Japanese conglomerate announced on Tuesday that net revenue...