GGRAsia – Newsletter 3

Newsletter 3

Japan holds first of public hearings on casino policy

Aug 18, 2017 Newsdesk Japan, Latest News, Top of the deck

The Japanese government on Thursday held the first public hearing to discuss the framework for the country’s nascent casino industry. The session, held in Tokyo (pictured), attracted about 100...

Wynn Macau declares 2017 interim dividend

Aug 17, 2017 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Wynn Macau Ltd announced on Thursday an interim dividend of HKD0.21 (US$0.0268) per share. The firm said it expects to pay the dividend on September 15 to shareholders whose...

DB bullish on Wynn Resorts for Wynn Palace

Aug 16, 2017 Newsdesk Latest News, Macau, Top of the deck, World

The stock of U.S.-based casino operator Wynn Resorts Ltd has been upgraded to ‘buy’ from ‘hold’ by brokerage Deutsche Bank Securities Inc in a Tuesday note. Its analysts said factors...

Macau August GGR likely up at least 22pct: analysts

Aug 15, 2017 Newsdesk Latest News, Macau, Top of the deck

Macau’s casino gross gaming revenue (GGR) for August is likely to show expansion of at least 22 percent year-on-year, say several brokerages, basing their analysis on unofficial daily returns for...

GPI’s 2Q net income plummets as sales weaken

Aug 15, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck

Gaming Partners International Corp (GPI), a Nevada-based casino currency and table gaming equipment maker, posted a net profit of US$49,000 for the second quarter of 2017, down nearly 97.6 percent...

New Russian e-visa regime to benefit Summit Ascent: Daiwa

Aug 11, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck

A new electronic visa regime introduced in Russia earlier this month is likely to benefit Primorye casino operator Summit Ascent Holdings Ltd, says brokerage Daiwa Securities Group Inc. “Unlike...

Aristocrat to pay US$500 mln for social gaming firm Plarium

Aug 10, 2017 Newsdesk Latest News, Top of the deck, World

Australia-based slot machine maker Aristocrat Leisure Ltd announced on Thursday that it has entered into an agreement to acquire social gaming company Plarium Global Ltd for a consideration of...

Udenna breaks ground on Cebu casino resort

Aug 09, 2017 Newsdesk Latest News, Philippines, Top of the deck

Philippine-based Udenna Development Corp broke ground a fortnight ago on a casino resort in Lapu-Lapu City, on the island of Mactan in Cebu province. The announcement was made in a Tuesday press...

MGM Cotai to offer resident shows at MGM Theater: firm

Aug 08, 2017 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator MGM China Holdings Ltd on Tuesday said its new resort on Cotai will feature three resident shows, with two launching first, dubbed “The Experience” and “Destiny”. The...

Two major Japan IRs could generate US$7bln GGR: Nomura

Aug 07, 2017 Newsdesk Japan, Latest News, Top of the deck

A Japanese casino industry with “two major integrated resorts” could eventually generate gross gaming revenue (GGR) of US$7 billion per year, says brokerage Nomura. “We are bullish on the...

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Aristocrat aims to innovate and entertain

Aug 01, 2017

Sponsored content Aristocrat Leisure Ltd strives to lead the gaming industry in creating combinations of innovative cabinets and games that really entertain. Its game and cabinet creations are designed to help operators cater to all types of players and gaming floor segments. “Our global teams of...