GGRAsia – Rest of Asia

S&P says Genting Bhd governance constrains ratings

Sep 29, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck, World

An assessment of management and corporate governance at Malaysian casino conglomerate Genting Bhd has been lowered to ‘fair’, from ‘satisfactory’, by Standard & Poor’s (S&P’s)...

Baidu exec held on alleged promotion of gambling sites

Sep 28, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

A senior executive at China’s Internet-search provider Baidu Inc, has been detained by police in the mainland city of Hangzhou, in connection with an inquiry into alleged promotion of gambling...

At least 10 Cambodia casinos reopen, more soon: govt

Sep 28, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

At least eight casinos in Cambodia aside from NagaWorld in the capital Phnom Penh, and Star Vegas Resort and Club in Poipet, have reopened for limited operations after being shuttered due to Covid-19...

Paradise SegaSammy refinancing existing debt: firm

Sep 28, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Paradise SegaSammy Co Ltd, a joint venture between South Korean casino operator Paradise Co Ltd and Japan’s Sega Sammy Holdings Inc, is refinancing an existing KRW100-billion (US$85.4-million)...

US$147bln exits China online yearly for gambling: report

Sep 28, 2020 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

Movement of funds cross-border out of mainland China – including via digital currencies – is helping to fuel transfer of at least CNY1 trillion (US$146.5 billion) for gambling each year, claimed...

Star Vegas in limited reopening from Sept 25: Donaco

Sep 25, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Star Vegas Resort and Club (pictured), a casino resort on Cambodia’s border with Thailand, was due a “limited reopening” from Friday (September 25), said its promoter, Australia-listed Donaco...

Philippines better growth than Russia, says Summit Ascent

Sep 21, 2020 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Hong Kong-listed casino investor Summit Ascent Holdings Ltd has explained in a Monday filing why more than half the expected proceeds from a nearly HKD1.64-billion (US$208.8-million) rights issue...

Kangwon Land casino to remain shut until October 5

Sep 21, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Kangwon Land Inc, the promoter of Kangwon Land (pictured), the only casino resort in South Korea where the country’s nationals are allowed to gamble, has extended until 6am on October 5, the...

HK legislator nodded to Landing board on 75pct of vote

Sep 18, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Hong Kong legislator Abraham Shek Lai Him has been nodded as an independent non-executive director of Asian casino investor Landing International Development Ltd, albeit with only 75.3 percent of the...

Reopened Malaysia IR aiding Genting rebound says Nomura

Sep 17, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Resorts World Genting, Malaysia’s integrated resort (IR) with the country’s only licensed casino, is aiding Genting Malaysia Bhd’s rebound, and might see that firm make a recovery...