GGRAsia – Rest of Asia

Silver Heritage suspends Nepal gaming operations

Mar 24, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Boutique Asian casino operator Silver Heritage Group Ltd says it has “closed until further notice” its two casinos in Nepal, as part of efforts in that country to contain the further spread of...

NagaCorp Russia scheme might open summer 2021

Mar 23, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino operator NagaCorp Ltd said in its 2019 annual report that its scheme in the Russian Far East was likely to open in the second half of 2021. “We anticipate that our Vladivostok project will...

Kangwon Land extends casino closure to April 6

Mar 23, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Kangwon Land, the only casino resort in South Korea where the country’s nationals are allowed to gamble, has decided to extend – for a fifth time – the temporary closure of its gaming venue. It...

Suncity listco warns of widened 2019 loss

Mar 23, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Hong Kong-listed Suncity Group Holdings Ltd says it expects a loss of CNY1.51 billion (US$212.3 million) for the fiscal year ended December 31, 2019, up from the CNY1.46-billion loss recorded in...

GEN Malaysia to inject US$40mln into Empire Resorts

Mar 20, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck, World

Casino operator Genting Malaysia Bhd says it has agreed to inject US$40 million into loss-making U.S.-based gaming operator Empire Resorts Inc, by subscribing to the latter’s preferred stock....

Receivers end claim to Landing Int owner stake: filing

Mar 20, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Shares in Asian casino promoter Landing International Development Ltd began on Friday morning (March 20) to be available again for public trading, after a pause since 9am on Thursday. The group said...

Maybank cuts GEN Malaysia earnings on casino shuttering

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

A brokerage said it was cutting by a third its 2020 earnings estimate for casino operator Genting Malaysia Bhd following the closure until March 31 – effective from Wednesday – of the firm’s...

Malaysia’s Resorts World Genting shuts until March 31

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

The Resorts World Genting casino complex (pictured in a file photo) in Genting Highlands near Kuala Lumpur, Malaysia’s capital, will “temporarily close” from Wednesday (March 18) to March 31,...

Genting HK top executives waive pay, firm to cut jobs

Mar 16, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Genting Hong Kong Ltd, an operator of casino cruise ships and an investor in Asian land-based casinos, says it is moving to a new phase of cost reduction in a bid to limit the expected loss for the...

Kangwon Land extends closure, ups expected loss

Mar 16, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Kangwon Land, the only casino resort in South Korea where the country’s nationals are allowed to gamble, has decided to extend – for a fourth time – the temporary closure of its gaming venue....