GGRAsia – Rest of Asia

Rest of Asia

Summit approves stake increase in Russian project

Jun 16, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

The board of Summit Ascent Holdings Ltd approved on Friday the acquisition of an additional interest in a casino resort in Russia. Summit Ascent will pay US$20.2 million to Elegant City Group Ltd, an...

Casinos in Sochi ‘make more sense’: analyst

Jun 16, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

Sochi’s economy could get a boost if casinos are allowed as a way for the city to recoup the investment made in new infrastructure for the 2014 Winter Olympics, an analyst says. Last week, RIA...

Putin now in favour of gambling zone in Sochi

Jun 13, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

Russian President Vladimir Putin did a U-turn and he now supports the creation of a gambling zone in Sochi, which in February hosted the 2014 Winter Olympics. Mr Putin had previously talked against...

Kangwon’s casino turnover up 5.8 pct in 2013: report

Jun 12, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

The only casino resort in South Korea where nationals are allowed to gamble posted a turnover increase of 5.8 percent last year, according to a study by the Korea Leisure Industry Institute (Kole)....

Thai coup has hit Cambodian border casinos: report

Jun 03, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

A casino operator in the Cambodian border town of Poipet (pictured) says the number of Thais visiting its three venues each day has fallen by around 40 percent since Thailand’s military coup on May...

Mourinho signs with South Korea’s Paradise Co

Jun 02, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

Portuguese football manager José Mourinho is the face of the new advertising campaign of South Korean casino operator Paradise Co. The company expects the increasing popularity of football in China...

Genting to team with Japanese partners

May 30, 2014 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck

Genting Singapore Plc has organised a dedicated project team to prepare a proposal if Japan’s parliament approves a draft law to legalise casinos. The company says it might partner with a Japanese...

Goldman Sachs covering Russian casino project

May 27, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

Investment bank Goldman Sachs has initiated research coverage on Russian casino investor Hong Kong-listed Summit Ascent Holdings Ltd, with a ‘buy’ rating and a target price of HK$15.70 (US$2.02)....

RMB400 mln ‘gambling cash’ seized in Fujian

May 27, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

Shishi Daily, a newspaper based in Fujian province, mainland China, is reporting that RMB400 million (US$64 million) of alleged gambling money was seized by the Public Security Police in a raid on a...

Cambodian casino re-opens amid reverse-listing process

May 27, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck

Roxy Casino in Cambodia has just re-opened, after undergoing refurbishment and renovation. The property is currently part of a reverse-listing process that will see it listed on the Australian stock...