GGRAsia – Newsletter

IGT launches tender offer for senior secured notes

Jun 18, 2018 Newsdesk Industry Talk, Latest News

Gaming equipment manufacturer International Game Technology Plc (IGT) announced on Monday a tender offer for some of its senior secured notes due 2020. The IGT notes covered by the offer include: the...

GEN HK allowed to sell remaining Norwegian Cruise shares

Jun 18, 2018 Newsdesk Latest News, Philippines, Top of the deck

The shareholders of casino ship operator and gaming investor Genting Hong Kong Ltd have approved a resolution giving the firm a mandate for the disposal of its remaining shares in Norwegian Cruise...

Phu Quoc proposed for locals’ gambling trial: report

Jun 18, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

A plan permitting Vietnamese into a casino in the southern province of Kien Giang is a step closer after the Ministry of Planning and Investment submitted paperwork to Vietnam’s Prime Minister...

MGM China pushes back due date on loans

Jun 18, 2018 Newsdesk Latest News, Macau, Top of the deck

Macau gaming company MGM China Holdings Ltd has announced changes to its borrowing arrangements. MGM China told the Hong Kong Stock Exchange on Friday that the company and its wholly owned subsidiary...

Macau govt submits bill banning casino staff from gambling

Jun 18, 2018 Newsdesk Latest News, Macau, Top of the deck

Fresh measures regulating entry to Macau casinos were formally announced on Friday. As had been widely expected, the city’s government is proposing the introduction of rules banning Macau-based...

Impairment loss to hurt Success Dragon results: firm

Jun 18, 2018 Newsdesk Latest News, Macau, Top of the deck

Gaming services firm Success Dragon International Holdings Ltd has warned investors its loss for the year ended March 31, 2018 is likely to be wider than initially forecast. That is a result of an...

Macau maxed out in 2018 on table cap: Ho on Morpheus

Jun 15, 2018 Newsdesk Latest News, Macau, Top of the deck

The Macau casino entrepreneur behind the US$1.1-billion Morpheus hotel tower that officially launched in Cotai on Friday said the reason the property did not get new-to-market live dealer gaming...

Vietnam to make sports betting a regulated industry

Jun 15, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Vietnam’s National Assembly passed on Thursday a bill that legalises the principle of sports betting, albeit under government oversight. The details of the terms and conditions – including what...

Casino operator SJM again taps young via Macau e-Sports

Jun 15, 2018 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator SJM Holdings Ltd scheduled another e-Sports event for Saturday and Sunday, this time at its flagship downtown property the Grand Lisboa Hotel. At least three big e-Sports...

MGM Resorts doubles size of senior note offer to US$1bln

Jun 15, 2018 Newsdesk Latest News, Top of the deck, World

U.S.-based casino operator MGM Resorts International is doubling the size of a public offering for senior notes. It is now offering US$1 billion of the 5.750-percent unsecured senior notes –...