GGRAsia – Rest of Asia

Rest of Asia

Donaco looks to unlock value to chop US$40-mln debt

Dec 13, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino resort operator Donaco International Ltd says it is considering what to do about a US$39.9 million debt to Mega International Commercial Bank Co Ltd, secured against the assets of its Star...

Suncity CIO joins board of Russia casino op Summit Ascent

Dec 13, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

The chief investment officer (CIO) of privately-held Macau junket business Suncity Group has been appointed a non-executive director of Summit Ascent Holdings Ltd, a Hong Kong-listed investor in a...

S. Korea’s GKL November casino sales up 15pct

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

South Korean casino operator Grand Korea Leisure Co Ltd (GKL) posted strong sales in November, the firm announced on Friday. The company reported casino sales of approximately KRW41.58 billion...

Malaysia’s Resorts World Genting launches VR centre

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

Resorts World Genting – Malaysia’s only legal casino resort – launched on Thursday a virtual reality (VR) entertainment centre in collaboration with The Void LLC. Resorts World Genting is...

Mohegan adds Paramount park, flags delay for Korea resort

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

U.S. regional tribal casino operator Mohegan Gaming and Entertainment announced on Thursday a “strategic partnership” with global producer and distributor of filmed entertainment Paramount...

Donaco boss takes sick leave, hands reins to brother

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

The managing director and chief executive of Asian casino operator Donaco International Ltd has been granted time off work to deal with “health and personal matters”. The firm told the Australian...

S. Korea’s Paradise Co casino revenue down 5pct in Nov

Dec 05, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino revenue at South Korea’s foreigner-only casino operator Paradise Co Ltd declined 4.9 percent year-on-year in November, according to a Wednesday filing by the company to the Korea Exchange....

GEN Malaysia swings to 3Q loss on U.S. impairment

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

Genting Malaysia Bhd, operator of Malaysia’s only casino resort, swung to a third-quarter loss, compared to a profit a year earlier. Such loss was MYR1.49 billion (US$357.5 million) compared to a...

VIP hurts Tiger Palace hold, owner mulls a land sale

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

Silver Heritage Group Ltd says the November performance of its purpose-built flagship casino property Tiger Palace Resort Bhairahawa (pictured), on Nepal’s border with India, had a “lower...

Fitch says Genting outlook stable, but keeping eye on capex

Nov 30, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Fitch Ratings Inc is keeping its stable outlook for its credit rating for Malaysian gaming giant Genting Bhd because it expects leverage levels to decline after 2020. Fitch Ratings said in a report...