GGRAsia – Latest News

Aristocrat buys Paltronics assets, eyes expansion

Jul 04, 2014 Newsdesk Industry Talk, Latest News, Top of the deck

Australian gaming equipment maker Aristocrat Leisure Ltd has announced the acquisition of all material assets of U.S.-based Paltronics Inc, including intellectual property relating to products. It...

Sands China to pay special bonus to 27,000 employees

Jul 04, 2014 Newsdesk Latest News, Macau, Top of the deck

Macau casino investor Sands China Ltd said it would pay its staff “a special award” bonus this month. The company is paying the equivalent of one month’s salary to more than 27,000 full...

Oz watchdog growls at Aquis on takeover of rival casino

Jul 03, 2014 Newsdesk Features, Latest News, World

The Australian Competition and Consumer Commission (ACCC) said on Thursday it was concerned about harm to the public interest if a Hong Kong-based developer were allowed to take over a casino in...

NAB reduces stake in Echo Entertainment

Jul 03, 2014 Newsdesk Latest News, Top of the deck, World

National Australia Bank Ltd said in a filing on Thursday that it has reduced its holding in Australian casino operator Echo Entertainment Group Ltd. The document submitted to the Australian...

Amax extends Vanuatu deal deadline

Jul 03, 2014 Newsdesk Latest News, Macau, Top of the deck, World

Macau junket investor Amax International Holdings Ltd on Thursday said it hopes to complete a deal to acquire a 60 percent stake in a casino in the Pacific island Republic of Vanuatu by the end of...

Macau mass GGR in 2014 could grow 34 pct: Credit Suisse

Jul 03, 2014 Newsdesk Latest News, Macau, Top of the deck

Analysts at Credit Suisse say mass-market gross gaming revenue (GGR) in Macau might grow by 34 percent this year and 27 percent in 2015. The bank believes Macau has bottomed in June and it is “time...

Success Universe sells casino ship for US$11.9 mln

Jul 03, 2014 Newsdesk Latest News, Macau, Top of the deck

Macau casino investor Success Universe Group Ltd sold its M.V. Macau Success casino ship (pictured) by HK$93 million (US$11.9 million), it said in a filing to the Hong Kong Stock Exchange on...

U.S. gaming industry showing improvement: analyst

Jul 03, 2014 Newsdesk Latest News, Top of the deck, World

United States regional gaming showed signs of improvement in May, although gross gaming revenue (GGR) is still dropping, said U.S.-based Telsey Advisory Group. “GGR across 22 reporting states...

Investors see value created via casino supplier M&A

Jul 02, 2014 Newsdesk Features, Latest News, World

The casino industry equipment supply sector appears to be going through a period of realignment. It started in March last year when New York-based Scientific Games Corp, a supplier of technology to...

Genting HK president resigns

Jul 02, 2014 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Genting Hong Kong Ltd – a joint venture partner in the Resorts World Manila casino resort (pictured) in the Philippines – said in a filing on Wednesday that its president had resigned. David Chua...