GGRAsia – Top of the deck

Paradise Co casino sales fall 61pct amid S.Korea virus fear

Apr 03, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino revenue at Paradise Co Ltd, a South Korean operator of foreigner-only casinos, fell 60.5 percent year-on-year in March, the firm said in a Thursday filing to the Korea Exchange. Such revenue...

Macau no plan to allow casinos to pause ops: Secretary

Apr 02, 2020 Newsdesk Latest News, Macau, Top of the deck

A Macau government official with oversight of the city’s casino sector said on Thursday that the authorities did not plan to change the rules that require such gaming venues to stay open...

Adelson got 62pct of LVS’ top exec payments for 2019

Apr 02, 2020 Newsdesk Latest News, Top of the deck, World

Sheldon Adelson (pictured in a file photo), the founder, chairman and chief executive of U.S.-based casino group Las Vegas Sands Corp, received 62.4 percent of the 2019 annual compensation assigned...

Lawrence Ho gets US$19mln share grant from Melco Resorts

Apr 02, 2020 Newsdesk Latest News, Top of the deck, World

Macau casino operator Melco Resorts and Entertainment Ltd has granted restricted shares worth approximately US$19.3 million to Lawrence Ho Yau Lung (pictured in file photo), chairman and chief...

Crown has cushion to cope on closure of casinos: Fitch

Apr 02, 2020 Newsdesk Latest News, Top of the deck, World

Fitch Ratings Inc says Australian casino operator Crown Resorts Ltd’s “low net debt position” as of December 31, 2019 and “highly variable cost structure” provides the gaming...

Macau April GGR might be close to zero: JP Morgan

Apr 02, 2020 Newsdesk Latest News, Macau, Top of the deck

While Macau’s casino gross gaming revenue (GGR) in March saw an 80 percent contraction year-on-year according to figures released on Wednesday, things might get even worse in April, says note...

NagaCorp GGR up 15pct 1Q, stable outlook despite Covid-19

Apr 02, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Cambodian casino operator NagaCorp Ltd says it recorded overall gross gaming revenue (GGR) of US$368.9 million in the first quarter of 2020, an increase of 14.8 percent in year-on-year terms. That...

Macau GGR down 80pct y-on-y in March: govt

Apr 01, 2020 Newsdesk Latest News, Macau, Top of the deck

Macau casino gross gaming revenue (GGR) declined by 79.7 percent in March in year-on-year terms, but rose sharply judged month-on-month with February, when the city’s casinos were closed for...

Vietnam casinos confirm 15-day pause over pandemic

Apr 01, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Several casino operators in Vietnam have confirmed a 15-day shutdown of their venues starting from Wednesday (April 1). The country’s government ordered also – with effect from that day...

Imp Pacific posts US$503mln loss for 2019 as VIP trade weak

Apr 01, 2020 Newsdesk Latest News, Top of the deck, World

Imperial Pacific International Holdings Ltd, the developer of a casino resort (pictured) on the Pacific island of Saipan, reported a net loss of HKD3.90 billion (US$503 million) for the year ended...