GGRAsia – Latest News

Kangwon’s casino GGR up 16 pct in second quarter

Aug 08, 2014 Newsdesk Latest News, Rest of Asia

The operator of the only casino resort in South Korea where nationals are allowed to gamble reported net profit for the second quarter of 2014 of KRW100.5 billion (US$97.2 million), up by 31.9...

South Korea’s Paradise posts 36 pct drop in 2Q profit

Aug 08, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

Chinese VIP players brought big money to South Korean casino operator Paradise Co Ltd in the second quarter of 2014, but it was not enough to offset a 35.9 percent drop in profit in the period....

Parisian restart likely in October: Las Vegas Sands

Aug 08, 2014 Newsdesk Latest News, Macau, Top of the deck

Sands China Ltd expects to receive government approval in October to restart work on its US$2.7 billion Parisian Macao project in Cotai. Sands China’s parent firm Las Vegas Sands Corp said so in a...

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...

Jacobs vs LVS set for new District Court hearing

Aug 08, 2014 Newsdesk Latest News, Macau, Top of the deck

A new court hearing in the near four-year legal battle between Las Vegas Sands Corp and Steve Jacobs, a former chief executive of Macau-based subsidiary Sands China Ltd, is to be held on August 14,...

JP Morgan reduces Crown price target on MPEL results

Aug 08, 2014 Newsdesk Latest News, Top of the deck, World

Investment bank JP Morgan Securities Australia Ltd revised downward its price target for Australian casino operator Crown Resorts Ltd after its Macau-based joint venture Melco Crown Entertainment Ltd...

Melco Crown’s 2Q profit drops 20.7 pct

Aug 07, 2014 Newsdesk Latest News, Macau, Top of the deck

Macau-based casino operator Melco Crown Entertainment Ltd reported net income for the second quarter of 2014 of US$143.6 million, or US$0.26 per share, down 20.7 percent from a year earlier. The...

Labour activists add pressure on Macau casino operators

Aug 07, 2014 Newsdesk Latest News, Macau, Top of the deck

Macau labour activist group Forefront of the Macao Gaming on Thursday appeared to up the stakes in its ongoing battle with the city’s casino operators, saying it might target other companies in the...

Entertainment Gaming Asia’s revenue drops 5 pct in 2Q

Aug 07, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

Nasdaq-listed Entertainment Gaming Asia Inc, a company linked with Hong Kong-listed casino investor Melco International Development Ltd, reported second quarter revenue of US$4.9 million, down by...

NagaCorp says close to signing 8 new junkets

Aug 07, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

NagaCorp Ltd, the operator of the NagaWorld casino hotel in Cambodia, told analysts on Thursday it is finalising contracts with eight new junkets, including some from Macau. “The impact of these...