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GEN Malaysia fresh US$20mln cash input to Empire Resorts

Mar 21, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck, World

Casino promoter Genting Malaysia Bhd said in a Friday filing it had agreed the previous day to subscribe for up to US$20 million of “Series L” preferred stock in United States-based casino...

GEN Highlands boost after 2Q, Catskills a drag: Nomura

Mar 17, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck, World

The Malaysian operations of Genting Malaysia Bhd should “turn around after the second quarter” this year, but the “drag” on the group caused by an associate, Empire Resorts Inc – which runs...

Minimum US$1.5bln loss for 2020: Genting Hong Kong

Mar 15, 2021 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck, World

Casino cruise ship operator Genting Hong Kong Ltd expects an unaudited loss of at least US$1.5 billion for the year to December 31, compared to a US$159-million loss a year earlier, it said in a...

TransAct 4Q casino sales up 33pct sequentially

Mar 10, 2021 Newsdesk Industry Talk, Latest News, World

Casino-equipment and food-service technology supplier TransAct Technologies Inc announced on Tuesday fourth-quarter sales in the casino and gaming segment rose by 33.3 percent sequentially, to...

Everi US$82mln loss in 2020, 4Q revenue up q-o-q

Mar 10, 2021 Newsdesk Latest News, Top of the deck, World

Casino equipment supplier Everi Holdings Ltd slipped to a US$82.1-million loss in 2020, compared to making a US$17.7-million profit in 2019, amid what it described as the “continued impact from the...

Fitch says LVS Nevada sale a negative, Moody’s keener

Mar 05, 2021 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Despite United States-based casino group Las Vegas Sands Corp (LVS) being in line to generate US$6.25 billion from the sale of its Las Vegas, Nevada assets, Fitch Ratings Inc said in a Thursday memo...

Melco says City of Dreams in Cyprus open summer 2022

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

City of Dreams Mediterranean (pictured), the flagship Cyprus casino resort project of Melco Resorts and Entertainment Ltd, is to open in “summer 2022”, the firm said in a Friday media release....

LVS plans to keep U.S. base, stock listing: spokesman

Mar 04, 2021 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Casino group Las Vegas Sands Corp intends to keep its headquarters and its current stock listing in the United States, a spokesman told GGRAsia in response to our enquiry. “The company plans to...

Nevada sell-off by LVS may aid dividend return: Bernstein

Mar 04, 2021 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

The planned sale for US$6.25 billion, of the Nevada gaming assets of United States-based casino group Las Vegas Sands Corp announced on Wednesday, could “accelerate the timing of dividend...

Las Vegas Sands to sell off Nevada assets for US$6.25bln

Mar 03, 2021 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

United States-based casino operator Las Vegas Sands Corp said in a Wednesday filing that on Tuesday it had made an agreement to sell its Las Vegas, Nevada venues and operations for US$6.25 billion....