GGRAsia – Newsletter 2

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 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...

No near-term GGR uptick from HKZM Bridge: analysts

Jun 14, 2018 Newsdesk Latest News, Macau, Top of the deck

It is unlikely that the opening of the Hong Kong-Zhuhai-Macau (HKZM) Bridge (pictured in a file photo) will bring an immediate boost to casino business for Macau gaming operators, say several...

Okada fraud cases still weighed: Philippine Justice Sec

Jun 14, 2018 Newsdesk Latest News, Philippines, Top of the deck

Allegations that Japanese gaming entrepreneur Kazuo Okada (pictured) was involved in a US$10-million swindle against Tiger Resort, Leisure and Entertainment Inc, a firm he founded to promote the...

Interblock adds games at New World Hotel, Vietnam

Jun 12, 2018 Newsdesk Industry Talk, Latest News

Interblock DD, a specialist in the supply of casino electronic table games (ETGs), announced on Monday placement of two of its products at the New World Hotel (pictured), in Ho Chi Minh City,...

Imperial Pacific pledges Saipan project completion: exec

Jun 11, 2018 Newsdesk Latest News, Top of the deck, World

The owners of Imperial Pacific International Holdings Ltd are fully committed to realising the permanent casino resort the group has pledged to build on the Pacific island of Saipan, said Lu Hou Tsai...

Melco Int to launch temporary Cyprus casino June 28

Jun 11, 2018 Newsdesk Latest News, Top of the deck, World

A temporary casino presaging the Melco International Development Ltd-led City of Dreams Mediterranean (pictured in an artist’s rendering) in the Republic of Cyprus is to open on June 28. So said...

S. Korea’s Paradise Co casino revenue up 25 pct in May

Jun 08, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino revenue at South Korea’s foreigner-only casino operator Paradise Co Ltd rose 25.2 percent year-on-year in May, according to a Thursday filing by the company to the Korea Exchange. Such...

No official UnionPay ban for Macau pawnshops: regulator

Jun 06, 2018 Newsdesk Latest News, Macau, Top of the deck

The Monetary Authority of Macao said on Wednesday it has not barred the city’s banks from installing China UnionPay Ltd terminals in any “particular industries”. The announcement was made after...

Shareholders up investment in S.Korea’s Paradise City

Jun 05, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Paradise SegaSammy Co Ltd, a joint venture between South Korean casino operator Paradise Co Ltd and Japan’s Sega Sammy Holdings Inc, is to allot a total of 10 million shares to its two...