GGRAsia – Newsletter 3

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...

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...

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 –...

Cotai casino will help SJM regain market share: CEO

Jun 13, 2018 Newsdesk Latest News, Macau, Top of the deck

The opening of the Grand Lisboa Palace (pictured in a file photo) casino resort project in Macau’s Cotai district will help casino operator SJM Holdings Ltd regain share in terms of the...

Cambodia court backs Donaco vs Thai trio on casino lease

Jun 12, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

A Cambodian court has acted to stop three Thai shareholders in casino operator Donaco International Ltd from ending the lease on the land occupied by its Star Vegas casino in Cambodia, the company...

Cambodia ripe for global casino brand: GMA’s Klebanow

Jun 11, 2018 Newsdesk Interviews, Latest News

Cambodia has some attributes that make it potentially attractive to an international casino brand, says Andrew Klebanow, senior partner at business consultancy Global Market Advisors LLC. They...

Risk to premium mass from UnionPay overblown: MS

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

Threat to the Macau premium mass gambling segment from regulatory action against certain China UnionPay Ltd transactions at either pawnshops or some jewellery shops on casino premises and beyond is...

Premium mass risk in UnionPay clampdown: analysts

Jun 07, 2018 Newsdesk Latest News, Macau, Top of the deck

The apparent crackdown on use of China UnionPay Ltd point-of-sale (POS) machines in pawnshops or jewellery shops based inside Macau casino premises could mark a governmental policy change regarding...

IGT gaining traction in Asia Pacific: Walter Bugno

Jun 06, 2018 Newsdesk Interviews, Latest News

Global gaming supplier International Game Technology Plc (IGT) is seeing “positive momentum” in Asia Pacific following a structural change aimed at boosting the firm’s presence in the region,...

Weak VIP hold hurt Macau May GGR: Nomura

Jun 05, 2018 Newsdesk Latest News, Macau, Top of the deck

Macau’s casino gross gaming revenue growth for May could have been nearly three percentage points higher than the 12.1 percent achieved, had it not been for weak hold in VIP gambling by the...