GGRAsia – Rest of Asia

Rest of Asia

GEN Malaysia unit taps US$1bln in notes

Apr 14, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino operator Genting Malaysia Bhd says that one of its units is to issue US$1.0 billion in 3.882-percent senior unsecured notes due 2031. The notes will be fully and unconditionally...

Cambodia’s Phnom Penh curfew extended to April 28

Apr 14, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

A nighttime curfew in Cambodia’s capital city, Phnom Penh, host of the NagaWorld casino resort, has been extended for an extra two weeks, to April 28. The nighttime curfew was first...

Mohegan to cut debt/EBITDA soon says Moody’s

Apr 12, 2021 Newsdesk Japan, Latest News, Rest of Asia, Top of the deck

United States-based Mohegan Tribal Gaming Authority, which controls casino operator Mohegan Gaming and Entertainment, is likely to be able to reduce its ratio of debt-to-earnings before interest,...

Jeju Lotte casino shut, ready for permit swap to Dream Tower

Apr 09, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Lotte Tour Development Co Ltd has closed its Jeju Lotte Tour Casino on the southern coast of the South Korean holiday island of Jeju, with effect from Friday morning. That was in preparation for...

Guangdong urges cross-border bet criminals to surrender

Apr 09, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

The Public Security Department in mainland China’s Guangdong province has urged residents involved in “cross-border gambling crimes” to “turn themselves in” to the authorities by April...

China probed 17,000-plus cross-border gambling cases

Apr 09, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Chinese police have investigated “more than 17,000 cross-border gambling and related cases” since 2020, when a series of national and special operations to tackle this type of activity was...

Jeju governor nods casino permit transfer to Dream Tower

Apr 08, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Won Hee-ryong, governor of the Jeju Special Self-governing Province in South Korea, signed on Thursday morning a document considered mandatory before Lotte Tour Development Co Ltd can transfer its...

Melco Intl US$2mln in share options to directors, others

Apr 08, 2021 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

Casino investor Melco International Development Ltd has granted share options to directors and “certain employees” of the company that are worth in aggregate about HKD16.4 million (US$2.1...

GEN Malaysia may deleverage within 2 years says Fitch

Apr 07, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino operator Genting Malaysia Bhd should be able to “deleverage in one or two years” thanks to “gradual” recovery in demand following the Covid-19 pandemic, and thanks to maintaining...

Nascent gaming recovery, challenges remain: Genting boss

Apr 07, 2021 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck

The chairman and chief executive of Malaysian conglomerate Genting Bhd, Lim Kok Thay (pictured), says there are signs of “nascent recovery” in gaming across Asia. The veteran tycoon however...