GGRAsia – Rest of Asia

Genting HK unit cuts senior staff pay amid coronavirus woes

Feb 14, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Genting Cruise Lines, operator of three distinct ship-based holiday brands – Star Cruises, Dream Cruises and Crystal Cruises – has confirmed to GGRAsia it is cutting salaries for its senior staff...

NagaWorld biz steady during Macau shutdown: McNally

Feb 14, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

The chairman of Cambodia casino operator NagaCorp Ltd has affirmed to GGRAsia that its gambling business at the firm’s NagaWorld complex (pictured) in Phnom Penh has been steady in the first...

Donaco flags layoffs as coronavirus hits Vietnam biz

Feb 12, 2020 Newsdesk Coronavirus Crisis, Latest News, Rest of Asia, Top of the deck

Donaco International Ltd, an Australia-listed boutique operator of casinos in Indochina, has announced lay-offs and unpaid leave for staff in February at its Aristo International Hotel (pictured)...

Regional casino risk lingers amid coronavirus: Union Gaming

Feb 12, 2020 Newsdesk Coronavirus Crisis, Latest News, Rest of Asia, Top of the deck

Regional casino business in Asia Pacific has an “elevated profile risk” until such time as there is “greater clarity” on the global outbreak of a novel coronavirus, said a Tuesday note from...

S.Korea casino op GKL sees 2019 profit dip 7pct

Feb 11, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Annual profit at South Korea’s Grand Korea Leisure Co Ltd (GKL) – an operator of foreigner-only casinos in that country – fell 6.9 percent to just under KRW72.40 billion (US$61.2 million). That...

Kangwon Land 2019 profit up 13pct on improved sales

Feb 11, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Kangwon Land Inc, the operator of the only casino resort in South Korea where the country’s nationals are allowed to gamble, says its full-2019 net profit rose by 12.7 percent in year-on-year...

Investor reps raised to Donaco executive directors

Feb 11, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Two representatives of an institutional investor – people who in August had first been made non-executive directors of Asian casino operator Donaco International Ltd prior to an overhaul of the...

No coronavirus panic, dividend up as profit jumps: NagaCorp

Feb 11, 2020 Newsdesk Coronavirus Crisis, Latest News, Rest of Asia, Top of the deck

Cambodian casino operator NagaCorp Ltd says it “remains confident that even if its financial performance may be impacted” by the current coronavirus crisis “in the next six months of...

Mixed fortunes for gaming magnates on Forbes’ HK list

Feb 07, 2020 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

Billionaires with gaming interests in Macau again feature prominently on this year’s Hong Kong’s 50 Richest People list. In the rundown compiled by Forbes magazine, Henry Kar Shun Cheng – the...

Donaco says Reichel leaving Feb 12, names new secretary

Feb 07, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Donaco International Ltd, an Australia-listed boutique operator of casinos in Indochina, has announced that the company’s general counsel and secretary, Ben Reichel, will be leaving the firm “by...