GGRAsia – Rest of Asia

Rest of Asia

Moody’s affirms NagaCorp ahead of US$3.5bln Naga3 spend

Apr 24, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Moody’s Investors Service says the finances of NagaCorp Ltd, an investor in Asian casinos, are likely to remain robust during the next 12 to 18 months. Moody’s stated that should be the case even...

First phase launch of Novotown Hengqin from 2H: Lai Sun

Apr 24, 2019 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

The opening of the first phase of Novotown, a non-gaming development on mainland China territory next door to Macau, and that is to have a Hollywood film-themed amusement park, will begin from the...

Mainland China 1Q lottery sales up 2pct, down 13pct in Mar

Apr 24, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Sales of official lottery products in mainland China in the first three months of 2019 stood at nearly CNY106.37 billion (US$15.83 billion), up by 2.1 percent compared to the prior-year period,...

Suncity listco takes lead stake in Russia casino backer

Apr 24, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck, World

Suncity Group Holdings Ltd, a Hong Kong-listed firm controlled by Macau casino junket investor Alvin Chau Cheok Wa, has upped its stake in the firm that promotes the Tigre de Cristal casino resort...

Beijing nods Hengqin’s tourism island proposal

Apr 18, 2019 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

The details in a proposal to develop Hengqin as a tourism island, and so complement neighbouring Macau’s tourism effort, have been approved by China’s State Council, said the...

RGB eyes Myanmar for gaming machine biz: report

Apr 15, 2019 Newsdesk Industry Talk, Latest News, Philippines, Rest of Asia

Gaming equipment maker RGB International Bhd is looking to business opportunities in Myanmar, according to a senior executive as quoted by the online edition of Malaysia’s The Star newspaper....

Resorts World Genting still cash cow for backer: Nomura

Apr 15, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

The Resorts World Genting casino resort near Malaysia’s capital Kuala Lumpur remains a “cash cow” for its promoter, despite a government hike in gaming taxes and licensing fees and uncertainty...

NagaCorp boss Chen Lip Keong to fund 50pct of Naga3 cost

Apr 15, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Asian casino investor NagaCorp Ltd has confirmed that the firm’s founder and chief executive Chen Lip Keong will provide partial funding for the company’s new extension to NagaWorld casino resort...

Summit Ascent deputy chairman John Wang steps down: firm

Apr 12, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Hong Kong-listed Summit Ascent Holdings Ltd, the promoter of Russian casino resort Tigre de Cristal (pictured), has announced the resignation of deputy chairman John Wang. The company stated in a...

Locals in Vietnam casinos boost money launder risk: U.S.

Apr 10, 2019 Newsdesk Latest News, Macau, Philippines, Rest of Asia, Top of the deck

The end of a ban on locals gambling in casinos in Vietnam is likely to increase the country’s exposure to money laundering. So says a report by the Department of State in the United States. “In...