GGRAsia – Top of the deck

Over 7.9mln Bloomberry shares vested to some senior execs

May 18, 2022 Newsdesk Latest News, Philippines, Top of the deck

Bloomberry Resorts Corp – the operator of Solaire Resort and Casino (pictured) in the Philippine capital Manila – on Wednesday announced in a series of filings, that an aggregate of just over 7.9...

U.S. says Steve Wynn ‘foreign agent’, lobbied for China

May 18, 2022 Newsdesk Latest News, Macau, Top of the deck, World

The United States Department of Justice said in a Tuesday statement it is seeking to compel Steve Wynn, founder of casino group Wynn Resorts Ltd, to register under the U.S.’ Foreign Agents...

Order to restore Kazuo Okada unclear, vague: Tiger Resort

May 18, 2022 Newsdesk Latest News, Philippines, Top of the deck

Tiger Resort, Leisure and Entertainment Inc (TRLEI), the entity controlling the Okada Manila casino resort (pictured) in the Philippines, issued a statement on Tuesday saying “it believes there...

PH Resorts widens 1Q loss, affirms going concern risk

May 17, 2022 Newsdesk Latest News, Philippines, Top of the deck

The first-quarter net loss attributable to casino resort developer PH Resorts Group Holdings Inc widened year-on-year to PHP109.1 million (US$2.2 million), the firm said in a Tuesday filing to the...

AAEC side files appeal notice on failed lawsuit against LVS

May 17, 2022 Newsdesk Latest News, Macau, Top of the deck

The lawyer for a Taiwan company that failed at Macau’s Court of First Instance in its multibillion U.S. dollar lawsuit against the Las Vegas Sands Corp (LVS) group, says a request for leave to...

Wynn CEO, Macau execs in base pay cut in return for shares

May 17, 2022 Newsdesk Latest News, Macau, Top of the deck, World

The group chief executive and two senior Macau-based executives of U.S. casino firm Wynn Resorts Ltd have voluntarily reduced the cash amount of their base salary for the remainder of 2022, in...

Jeju Dream Tower 1Q casino revenue up 29pct q-o-q

May 17, 2022 Newsdesk Latest News, Rest of Asia, Top of the deck

The casino at the Jeju Dream Tower resort (pictured), in the capital of the South Korean holiday island of Jeju, recorded KRW18.5 billion (US$14.5 million) in gaming revenue for the three months to...

Tweaks to Macau gaming law keep cross-stake status quo

May 17, 2022 Newsdesk Latest News, Macau, Top of the deck

The Macau government is willing to keep the current ‘status quo’ in terms of cross-shareholding in gaming operators, scrapping a previous proposal that would prevent any shareholder with a stake...

Alleged bribe offer to ex-Wynn manager probed by HK, Macau

May 17, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau’s Commission Against Corruption (CCAC) says it is cooperating with the Hong Kong authorities as the latter investigate a series of alleged offers – dating back between 2014 and 2017...

Macau ops share junket deposit liability: Macau top court

May 16, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau’s Court of Final Appeal announced on Monday sentences in relation to a total of nine cases concerning debt claims involving junket operators based at local casinos. In all the cases, the...