GGRAsia – Newsletter

Wynn: debt specialist warns on rapid dividend resumption

Oct 28, 2020 Newsdesk Latest News, Macau, Top of the deck

A “strong” liquidity profile and “high cash balance” should support Macau casino operator Wynn Macau Ltd through the Covid-19 crisis, said Lucror Analytics, an independent research firm based...

Macau comeback slow but a cleaner market says expert

Oct 28, 2020 Newsdesk Latest News, Macau, Top of the deck

Necessary Covid-19 control measures are nonetheless sapping energy from Macau’s casino floors and helping to slow revenue recovery, says Alidad Tash, a former senior vice president of gaming...

Covid-19 ups cashless casino tech role: Sci Games CEO

Oct 28, 2020 Newsdesk Latest News, Trends & Tech

Covid-19 has “raised the importance” of some technology Scientific Games Corp has been working on “for years”, says Barry Cottle (pictured), the group’s chief executive. Mr Cottle noted...

Macau gaming inward investment up 128pct in 2019

Oct 28, 2020 Newsdesk Latest News, Macau, Top of the deck

Inward direct investment – from outside investors – into Macau’s gaming sector jumped to nearly MOP43.31 billion (US$5.43 billion) in 2019, show official data published on Tuesday. That is...

LVS may try REIT sell off like Nevada peers: analysts

Oct 28, 2020 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Confirmation on Tuesday of talks to sell the Las Vegas venues of Las Vegas Sands Corp (LVS) with a circa US$6-billion price tag, could eventually lead to a sale and leaseback structure, featuring a...

Pagcor gaming op income down 60pct to September 30

Oct 28, 2020 Newsdesk Latest News, Philippines, Top of the deck

Casino regulator-cum-operator the Philippine Amusement and Gaming Corp (Pagcor) reported income from gaming operations of approximately PHP22.33 billion (US$461.7 million) in the first nine months...

HK-Singapore travel bubble imminent says Carrie Lam

Oct 27, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck

Hong Kong plans to launch a “travel bubble” with Singapore during November, said on Tuesday Hong Kong’s Chief Executive, Carrie Lam Cheng Yuet-ngor (pictured in a file photo). The news came...

Ainsworth dividends off until market clarity: chairman

Oct 27, 2020 Newsdesk Latest News, Top of the deck, World

Danny Gladstone (pictured in a file photo), the chairman of Australia-listed slot machine maker Ainsworth Game Technology Ltd, says the firm will not reinstate dividends for shareholders until the...

Crane Co 3Q profit down 22 pct, pledges 4Q dividend

Oct 27, 2020 Newsdesk Latest News, Top of the deck, World

Crane Co, a conglomerate supplying payment-processing technology and other services to consumer industries including the casino sector, said its third-quarter net income attributable to shareholders...

LVS confirms talks for poss US$6bln disposal Vegas venues

Oct 27, 2020 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

United States-based casino operator Las Vegas Sands Corp (LVS) has confirmed it is in early discussions about a possible US$6-billion sale of its venues in Las Vegas, Nevada, reports Bloomberg,...