GGRAsia – World

LVS oks for lender no dividends unless US$1bln liquidity

Sep 24, 2020 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Las Vegas Sands Corp (LVS) has agreed with one of its lenders that the casino firm will, for the time being, not declare or pay any dividends unless it has more than US$1.0 billion in liquidity. In...

Aristocrat bound for U.S. real cash iGaming: JP Morgan

Sep 22, 2020 Newsdesk Latest News, Top of the deck, World

It is a “matter of when and how, not if” casino slot machine maker Aristocrat Leisure Ltd enters the iGaming market in the United States, says a Tuesday note from JP Morgan Securities Australia...

Macau revival opaque, likely faster than Nevada says Fitch

Sep 18, 2020 Newsdesk Latest News, Macau, Top of the deck, World

Macau gaming could recover more quickly than casino play in Las Vegas, Nevada, in the United States, although the mechanics of Macau’s comeback were “opaque” in terms of mainland...

Scientific Games change of control, Odell in as exec chair

Sep 15, 2020 Newsdesk Industry Talk, Latest News, Top of the deck, World

Control of casino equipment maker and lottery services provider Scientific Games Corp is changing hands, with the sale of a 34.9-percent stake – that had been held by financier Ronald Perelman –...

GEN Malaysia minority shareholders no say on Empire cash

Sep 14, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck, World

Minority shareholders in Genting Malaysia Bhd “were likely to be unhappy” about that firm making a US$150-million capital injection into United States-based casino operator Empire Resorts Inc,...

Genting taking US$150mln Empire stock, more funds needed

Sep 14, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck, World

An indirectly-held unit of casino operator Genting Malaysia Bhd has agreed to subscribe for up to US$150 million – or approximately MYR625 million – of ‘series L’ preferred stock in United...

Elaine Wynn seeks formal end to her Wynn managerial role

Sep 11, 2020 Newsdesk Latest News, Top of the deck, World

Elaine Wynn (pictured in a file photo), the single-largest shareholder in United States-based casino operator Wynn Resorts Ltd, has confirmed to the Nevada Gaming Control Board via video link, that...

Adelson among richest Americans but wealth down: Forbes

Sep 10, 2020 Newsdesk Latest News, Top of the deck, World

Casino entrepreneur Sheldon Adelson (pictured in a file photo) has made it to the top-20 of the “Forbes 400, 2020, The Richest People in America” list, despite his net worth – as...

Ex-MGM China boss Murren eyes online gaming deals: report

Sep 10, 2020 Newsdesk Latest News, Top of the deck, World

Gaming-sector veteran Jim Murren (pictured in a file photo), is reportedly pursuing new business opportunities in online gaming and entertainment, according to a Bloomberg report on Wednesday. Until...

Casino consultancy GMA among new AGEM members

Sep 10, 2020 Newsdesk Industry Talk, Latest News, World

The Association of Gaming Equipment Manufacturers (AGEM) says it has reached a new milestone for the size of its membership, with the addition of six organisations, taking the tally to 184. The...