GGRAsia – World

Wynn Resorts settles class-action suit for US$70mln: reports

Sep 20, 2024 Newsdesk Latest News, Top of the deck, World

Casino developer Wynn Resorts Ltd and certain of the group’s former executives have agreed to pay US$70 million to settle a class-action lawsuit that was filed in 2018 in the United States,...

Melco readies sales office in Cyprus to promote Macau

Sep 19, 2024 Newsdesk Latest News, Macau, Top of the deck, World

Casino developer Melco Resorts & Entertainment Ltd says it is “currently in the process of setting up a sales office” in the Republic of Cyprus to promote Macau as a tourism destination. The...

GEN Malaysia units offer additional US$100mln in notes

Sep 19, 2024 Newsdesk Latest News, Top of the deck, World

Global casino operator Genting Malaysia Bhd said two of its units have priced an additional offer of US$100 million in senior unsecured notes due in 2029, at 7.250 percent. The offer – priced on...

MGM has leeway to pursue several large-scale projects: CBRE

Sep 17, 2024 Newsdesk Latest News, Top of the deck, World

U.S.-based MGM Resorts International, the parent of Macau casino operator MGM China Holdings Ltd, has enough “flexibility to pursue several large-scale developments in the medium-term,” says CBRE...

Wynn Resorts appoints COO, new executives for UAE project

Sep 14, 2024 Newsdesk Latest News, Top of the deck, World

Global casino operator Wynn Resorts Ltd has announced three new executive appointments to Wynn Al Marjan Island, the group’s under-construction project in the United Arab Emirates (UAE). The...

Zitro to launch new ‘Concept’ cabinet in October

Sep 12, 2024 Newsdesk Latest News, Trends & Tech, World

Gaming supplier Zitro International says it will debut its new “Concept” cabinet line at the upcoming Global Gaming Expo (G2E) in Las Vegas, Nevada, in the United States. The casino industry...

Genting NY US$525mln notes, eyes extra US$925mln credit

Sep 12, 2024 Newsdesk Latest News, Top of the deck, World

Genting New York LLC, which said it plans to invest up to US$5 billion if it gets one of the three likely downstate New York casino licences, has priced an offer of US$525 million in senior unsecured...

Wynn Resorts announces US$800mln note offering

Sep 11, 2024 Newsdesk Latest News, Top of the deck, World

U.S.-based casino developer Wynn Resorts Ltd announced on Tuesday a private offering of US$800.0 million in aggregate principal amount of 6.250-percent senior notes, due in 2033. The offering will be...

IGT unit to offer US$550mln senior notes due in 2030

Sep 11, 2024 Newsdesk Industry Talk, Latest News, World

Gaming equipment maker and content provider International Game Technology Plc (IGT) on Tuesday announced an offering of senior secured notes denominated in euros and due in 2030. The exercise will be...

Everi’s EBITDA growth likely from 4Q: analyst

Sep 09, 2024 Newsdesk Industry Talk, Latest News, World

Brokerage B.Riley Securities Inc has lowered its estimates for adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) at casino equipment maker and financial technology...