GGRAsia – Newsletter 4

Newsletter 4

Casino investor Landing Int flags narrower 1H loss

Aug 18, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck

Hong Kong-listed real estate and casino investor Landing International Development Ltd says it expects a lower net loss for the six months to June 30 than it recorded in the prior-year period....

Unlikely Grand Lisboa Palace open in 2018: Bernstein

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

It is “very unlikely” that Macau casino operator SJM Holdings Ltd will be able to stick to its plan to open its new Cotai casino resort in the second half of 2018 – as pledged recently by its...

Sci Games loan rejig aids cash flow, deleverage: analyst

Aug 16, 2017 Newsdesk Industry Talk, Latest News, Top of the deck

Following the latest amendment to its credit agreement, casino equipment and lottery services provider Scientific Games Corp should be able to accelerate the rate at which it slims some of its...

Sci Games strikes new deal on US$3.3-bln term loans

Aug 15, 2017 Newsdesk Industry Talk, Latest News, Top of the deck

Casino equipment and lottery services provider Scientific Games Corp says it has completed a previously-flagged amendment to its credit agreement, resulting in an extension on the maturity of its...

Komeito cautious about Japan’s second casino bill: report

Aug 14, 2017 Newsdesk Japan, Latest News, Top of the deck

Some members of the Buddhist-influenced Komeito – a junior partner in Japan’s ruling coalition – are showing wariness over an essential piece of legislation for de facto casino legalisation in...

Eight held in Macau for alleged casino loan-sharking: police

Aug 11, 2017 Newsdesk Latest News, Macau, Top of the deck

Macau’s Judiciary Police announced on Thursday the arrest of eight mainland residents for their alleged involvement in a loan-sharking syndicate targeting gamblers in the city. According to the...

Imp Pac raising US$51mln for phase one of Saipan casino

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

Imperial Pacific International Holdings Ltd, developer of a casino project on the Pacific island of Saipan, is seeking to raise an aggregate of HKD400 million (US$51.2 million) from two bond...

Everi 2Q loss widens despite higher revenue

Aug 09, 2017 Newsdesk Industry Talk, Latest News

Everi Holdings Inc, a specialist in cash handling technology and electronic game content for the casino industry, saw its net loss widen in the second quarter of 2017, despite the firm posting higher...

Trump unlikely to bid for casino licence in Macau: analysts

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

The company that manages the Donald J. Trump brand has moved to protect the trademark in Macau, a move that does not necessarily indicate that businesses linked to the U.S. President will eventually...

NagaCorp shareholders okay move giving control to CEO

Aug 07, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck

The largest shareholder in Cambodian casino firm NagaCorp Ltd, its chief executive Chen Lip Keong, is to gain majority control of the company via the exercising of conversion rights regarding two...

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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...