GGRAsia – World

Nevada casino capacity halved to 25pct amid rise in virus

Nov 23, 2020 Newsdesk Latest News, Top of the deck, World

Nevada’s governor, Steve Sisolak, said at a Sunday press conference that occupancy limits at the state’s casinos and their dining and drinking outlets would be cut from 50 percent to 25 percent...

Crown Sydney gaming start delayed amid op suitability issue

Nov 18, 2020 Newsdesk Latest News, Top of the deck, World

The New South Wales Independent Liquor and Gaming Authority (ILGA) in Australia, said on Wednesday it had asked Crown Resorts Ltd to delay the opening – originally scheduled for next month...

Crown Resorts says ending junkets for good, door ajar

Nov 17, 2020 Newsdesk Latest News, Top of the deck, World

Australian casino operator Crown Resorts Ltd, which is currently under scrutiny in New South Wales about its suitability for a gaming licence there, says it will “permanently cease dealing with all...

U.S. 3Q commercial gaming 81pct pre-virus levels: AGA

Nov 17, 2020 Newsdesk Latest News, Top of the deck, World

Commercial gaming operations in the United States – including land-based casinos, sports betting and iGaming – achieved in the third quarter, revenue equal to 81 percent of the industry’s...

IGT 3Q revenue up 54pct sequentially, narrows net loss

Nov 12, 2020 Newsdesk Latest News, Top of the deck, World

Gaming and lottery provider International Game Technology Plc (IGT) reported on Wednesday revenue of nearly US$981.5 million for the third quarter of 2020, up 54.0 percent from the preceding quarter....

Wynn Macau Ltd positive Oct EBITDA, VIP shrinking: Maddox

Nov 06, 2020 Newsdesk Latest News, Macau, Top of the deck, World

Macau casino operator Wynn Macau Ltd reported on Friday a nearly US$280.7-million net loss in the third quarter of 2020, compared to a US$103.7-million profit in the equivalent quarter a year...

Melco operating loss dips in 3Q, bad debt rises to US$32mln

Nov 06, 2020 Newsdesk Latest News, Macau, Philippines, Top of the deck, World

Melco Resorts and Entertainment Ltd chairman and chief executive Lawrence Ho Yau Lung says the casino operator saw a “moderate recovery” in business levels during the third quarter as mainland...

Philippine firm okayed to recapitalise Silver Heritage

Nov 05, 2020 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck, World

A Philippines-based firm seeking to recapitalise the insolvent and in-receivership Australia-listed Asian casino operator Silver Heritage Group Ltd, is said to have obtained from Australia’s...

LVS may try REIT sell off like Nevada peers: analysts

Oct 28, 2020 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Confirmation on Tuesday of talks to sell the Las Vegas venues of Las Vegas Sands Corp (LVS) with a circa US$6-billion price tag, could eventually lead to a sale and leaseback structure, featuring a...

Ainsworth dividends off until market clarity: chairman

Oct 27, 2020 Newsdesk Latest News, Top of the deck, World

Danny Gladstone (pictured in a file photo), the chairman of Australia-listed slot machine maker Ainsworth Game Technology Ltd, says the firm will not reinstate dividends for shareholders until the...