GGRAsia – Rest of Asia

China bars 90,000 from travel in cross-border bet action

May 13, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

China’s National Immigration Administration says since 2021 it has “spotted and stopped” from leaving the country, over 90,000 people that were allegedly “engaged in gambling...

Kangwon Land back to pre-Covid capacity from May 16

May 13, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

From Monday (May 16) South Korean casino resort Kangwon Land (pictured) is to return to pre-pandemic carrying capacity in terms of gambling customers allowed on the premises at any one time. That...

Casino firm Paradise Co slips to negative EBITDA in 1Q

May 12, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

Paradise Co Ltd, an operator in South Korea of foreigner-only casinos, reported earnings before interest, taxation, depreciation and amortisation (EBITDA) that were negative by nearly KRW1.49-billion...

Hyatt Place casino Nepal to be run by Rank Ent: reports

May 12, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

Rank Entertainment Holdings Pvt Ltd – a Sri Lanka-based company that runs land-based casino businesses in its home market, and in Africa – has signed a lease agreement with a unit of Nepalese...

Kangwon Land 1Q net loss narrowed to US$5mln

May 11, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

Kangwon Land Inc – operator of Kangwon Land, a resort with the only casino in South Korea permitted to serve local players – saw the company’s net loss at KRW5.85 billion (US$4.6 million) in...

Grand Korea 1Q performance up, helped by VIP biz

May 11, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

Grand Korea Leisure Co Ltd (GKL), an operator in South Korea of foreigner-only casinos, reported on Wednesday a first-quarter net loss that narrowed sequentially and year-on-year. The firm said it...

Suncity listco to sell some units, US$16mln gain expected

May 11, 2022 Newsdesk Latest News, Macau, Philippines, Rest of Asia, Top of the deck

Casino investor Suncity Group Holdings Ltd says it has an agreement to sell two groups of wholly-owned subsidiaries, for an aggregate consideration of HKD1.00 (US$0.13). The announcement was made on...

Japanese back to S. Korea good for Paradise Co: broker

May 10, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

Paradise Co Ltd is likely to be the South Korean casino operator to benefit the most from an anticipated return of Japanese tourists to the country. That is according to a note from Seoul-based...

Maybank cuts Resorts World Genting 2022 visitor tally 13pct

May 06, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

Maybank Investment Bank Bhd is cutting by 12.5 percent its estimate for 2022 visitor numbers at Malaysia’s only casino complex, Resorts World Genting (pictured), it said in a Friday note. “We...

Visa-free entry to S. Korea casino hub Jeju restarts June 1

May 06, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

The South Korean government announced on Wednesday, that visa-free entry to Jeju island for holders of certain passports – including that of mainland China – would restart from June 1. The...