GGRAsia – World

Lender terms not problem for Wynn Macau in pandemic: DB

Apr 03, 2020 Newsdesk Latest News, Macau, Top of the deck, World

Deutsche Bank (DB) Securities Inc thinks lender conditions on debt held either by United States-based casino group Wynn Resorts Ltd or its Macau-operations arm Wynn Macau Ltd should not be a concern...

Crown Resorts inquiry halted due to Covid-19 pandemic

Apr 03, 2020 Newsdesk Latest News, Top of the deck, World

An inquiry into casino operator Crown Resorts Ltd’s suitability to hold a gaming licence in New South Wales, Australia, has been temporarily halted due to the Covid-19 pandemic. New South...

IGT starting 8-week worker furlough plan in North America

Apr 03, 2020 Newsdesk Latest News, Top of the deck, World

International Game Technology Plc, a supplier to casino markets in Asia-Pacific of slot machines and other gaming equipment, said in a Thursday statement it would introduce a “temporary furlough...

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...

MGM president for global gaming Sandoval steps down

Apr 02, 2020 Newsdesk Industry Talk, Latest News, World

U.S.-based casino operator MGM Resorts International has announced that Brian Sandoval (pictured in a file photo), the group’s president of global gaming development, will be leaving the...

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...

Sci Games top execs volunteer pay cuts during downturn

Mar 31, 2020 Newsdesk Industry Talk, Latest News, Top of the deck, World

Casino equipment and lottery services provider Scientific Games Corp said the group’s chief executive Barry Cottle had “volunteered a 100-percent reduction” in base salary while the...

Tigre de Cristal gaming shuts amid Russia pandemic effort

Mar 30, 2020 Newsdesk Latest News, Top of the deck, World

Hong Kong-listed Summit Ascent Holdings Ltd said in a Friday filing that the Tigre de Cristal casino resort (pictured) in which it has a lead stake had temporarily suspended gaming operations from...