GGRAsia – World

Ainsworth’s Levy to step down, Neumann new CEO

Sep 08, 2021 Newsdesk Latest News, Top of the deck, World

Australia-based slot machine maker Ainsworth Game Technology Ltd says that the firm’s chief executive, Lawrence Levy, is to step down from the role effective on Friday, September 10. Mr Levy...

LVS extends dividend pause to lift lender ban on Nevada sale

Sep 06, 2021 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Las Vegas Sands Corp (LVS) has agreed with its lenders to extend the suspension of the casino operator’s dividend programme, until the end of 2022, unless it has more than US$1.0 billion in...

Genting Malaysia narrows 2Q loss to US$83mln

Aug 27, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck, World

Global casino operator Genting Malaysia Bhd narrowed respectively its second-quarter and first-half loss, judged year-on-year, it said in a Thursday filing to Bursa Malaysia. The second-quarter loss...

Ainsworth posts US$38.7mln loss, flags 2H recovery

Aug 26, 2021 Newsdesk Latest News, Top of the deck, World

Australia-listed slot machine maker Ainsworth Game Technology Ltd reported on Thursday a full-year loss after tax of AUD53.4 million (US$38.7 million), up from AUD50.1 million a year earlier. The...

Konami gaming segment back to profit in quarter to June 30

Aug 05, 2021 Newsdesk Latest News, Top of the deck, World

Konami Holdings Corp reported on Thursday it had swung back to a segmental profit for its gaming and systems division – including casino equipment – in the three months to June 30. Such profit...

Credit deal rejig helps IGT save US$65mln yearly: CFO

Jul 27, 2021 Newsdesk Latest News, Top of the deck, World

Gaming content and lottery provider International Game Technology Plc (IGT) has renegotiated a senior credit facility, increasing the aggregate amount by 16 percent, to EUR1 billion (US$1.18...

Crane payment technology sales up 33pct y-o-y in 2Q

Jul 27, 2021 Newsdesk Industry Talk, Latest News, World

Second-quarter net income increased more than ninefold year-on-year at Crane Co, a provider of products and services to sectors including cash handling in the casino industry. Group net income was...

Silver Heritage delisted from Australian bourse

Jul 26, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck, World

Silver Heritage Group Ltd has been delisted from the Australian Securities Exchange, with effect from Friday, said an announcement that day. “The securities of Silver Heritage Group have been...

Star Ent withdraws merger offer put to Crown Resorts

Jul 23, 2021 Newsdesk Latest News, Top of the deck, World

Australian casino operator Star Entertainment Group Ltd said in a Friday filing it had withdrawn an offer to merge with under-scrutiny market rival Crown Resorts Ltd. The deal, proposed in early May,...

Yibing Mao joins Las Vegas Sands board

Jul 21, 2021 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Las Vegas Sands Corp, parent of Macau casino operator Sands China Ltd, said in a Tuesday filing in the United States that it had appointed Yibing Mao as a member of the parent group’s board, with...