GGRAsia – World

Ex-exec of Saipan casino-tied firm jailed by Beijing court

Nov 27, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck, World

A group of 15 defendants was sentenced on Friday by a Beijing court over gambling-related crimes, according to an announcement from the tribunal in the Chinese capital. Among them was a woman who...

L&W EBITDA leverage could ease to 3.7x in 2023: Fitch

Nov 22, 2023 Newsdesk Latest News, Top of the deck, World

Fitch Ratings Inc forecasts Light & Wonder Inc’s earnings before interest, taxation, depreciation and amortisation (EBITDA) leverage will decline to 3.7 times this year, from 4.3 times at the...

Melco CoD Mediterranean cuts jobs, Israel-Hamas war cited

Nov 21, 2023 Newsdesk Latest News, Top of the deck, World

The City of Dreams (CoD) Mediterranean casino resort (pictured) in the Republic of Cyprus has made 130 employees redundant, and opted not to extend the engagement of 51 probationary staff, the...

Ainsworth launches strategic review, explores opportunities

Nov 14, 2023 Newsdesk Latest News, Top of the deck, World

Casino slot machine maker Ainsworth Game Technology Ltd has confirmed that it has appointed Macquarie Capital as its financial advisor as it conducts a “review of all potential opportunities...

L&W posts US$731mln 3Q rev, says gaming sales robust

Nov 10, 2023 Newsdesk Latest News, Top of the deck, World

Casino equipment and online games provider Light & Wonder Inc (L&W) reported revenue of US$731 million for the third quarter of 2023, up 12.8 percent from the prior-year period. Third-quarter...

Sega Sammy to pay US$108mln to acquire online op GAN

Nov 09, 2023 Newsdesk Industry Talk, Latest News, Top of the deck, World

A unit of Japan’s Sega Sammy Holdings Inc is to pay US$1.97 per share to acquire GAN Ltd, an online gaming enterprise offering business-to-business software services in the United States, and...

Up to seven UAE casino licences possible: report

Nov 03, 2023 Newsdesk Latest News, Top of the deck, World

The United Arab Emirates in the Middle East is considering granting a casino licence to each of its seven constituent emirates, reported Bloomberg, citing a person said to be familiar with the...

IGT nods 3Q dividend, revenue flat year-on-year

Nov 01, 2023 Newsdesk Latest News, Top of the deck, World

Third-quarter net income attributable to gaming equipment maker and content provider International Game Technology Plc (IGT) fell 64.4 percent year-on-year to US$94 million, compared to US$264...

Aristocrat FY 2023 EBITDA forecast upped 2.4pct: JPM

Oct 24, 2023 Newsdesk Latest News, Top of the deck, World

JP Morgan Securities Australia Ltd has upped by 2.4 percent its estimate for Aristocrat Leisure Ltd’s fiscal-year 2023 adjusted earnings before interest, taxation, depreciation and amortisation...

Light & Wonder closes cash deal for final 17pct of SciPlay

Oct 24, 2023 Newsdesk Latest News, Top of the deck, World

Gaming equipment and content provider Light & Wonder Inc says it has completed its previously-announced cash deal to acquire the 17 percent of digital games business SciPlay Corp that it did not...