GGRAsia – Rest of Asia

Rest of Asia

Mohegan to meet S.Korea ministry about Inspire project

Aug 14, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Representatives of casino operator Mohegan Gaming and Entertainment will meet officials of South Korea’s Ministry of Culture, Sports and Tourism (MCST) later this month, said the firm’s chief...

Okada firm says Universal Ent out to smear own founder

Aug 10, 2018 Newsdesk Japan, Latest News, Rest of Asia, Top of the deck

Casino equipment maker Aruze Gaming America Inc has accused Japanese gaming conglomerate Universal Entertainment Corp and some of the latter’s senior executives of trying to “destroy”...

S.Korea’s Kangwon Land 2Q net profit down 14 pct

Aug 10, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

South Korean casino operator Kangwon Land Inc said its net profit for the three months to June 30 fell by 14.4 percent from the prior-year period. Such profit was nearly KRW94.6 billion (US$84.1...

Asia aspirant Mohegan Sun sees 3Q EBITDA slip 1.2 pct

Aug 09, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino operator Mohegan Gaming and Entertainment has announced adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$88.2 million for its financial third quarter...

S.Korea’s Paradise Co slims 2Q loss on higher revenue

Aug 09, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

South Korean casino operator Paradise Co Ltd on Wednesday reported a net loss of approximately KRW1.7 billion (US$1.5 million) for the three months ended June 30. That compared to a loss of nearly...

South Korean casino op GKL 2Q net income up 76 pct

Aug 07, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

South Korean gaming operator Grand Korea Leisure Co Ltd (GKL) reported on Tuesday net income of nearly KRW27.2 billion (US$24.2 million) for the second quarter of 2018, up 76.2 percent from the...

Goa boat casinos to dry land game changer: analyst

Aug 06, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

An announcement by the chief minister of the Indian state of Goa that existing boat-based casinos (pictured) must switch to land operations within four years and that formal regulations relating to...

Lotte Tour announces rights offer to cover Jeju project costs

Aug 03, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

South Korean casino investor Lotte Tour Development Co Ltd announced on Friday a KRW240-billion (US$212.9-million) rights offering to finance costs related with its under-construction foreigner-only...

Landing Intl’s 1H profit, revenue soar on casino ramp up

Aug 03, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Hong Kong-listed casino investor Landing International Development Ltd saw its first half profit jump 478 percent year-on-year, supported by a significant increase in revenue contribution from the...

Landing Intl launches new non-gaming offer at Jeju resort

Aug 02, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

An outdoor entertainment area called “Shinhwa Waterpark” is to open at the Jeju Shinhwa World casino resort on Friday (August 3). The new non-gaming feature at the resort on Jeju island, South...