GGRAsia – Newsletter 4

Newsletter 4

Ainsworth’s Gladstone to quit as CEO, staying with firm

Sep 24, 2018 Newsdesk Industry Talk, Latest News, Top of the deck, World

Ainsworth Game Technology Ltd has announced its chief executive Danny Gladstone (pictured) will relinquish the post after June 30 next year. The Australian maker of slot machines told the Australian...

Chinese authorities bust online gambling ring

Sep 21, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Police in the city of Cixi, in the mainland Chinese province of Zhejiang, have recently broken up a gambling ring that took bets through a website set up overseas, Chinese-language media from the...

Casinos tip US$261 bln into U.S. economy in 2017: AGA

Sep 20, 2018 Newsdesk Latest News, Top of the deck, World

The casino industry contributed US$261 billion to the United States economy last year according to a study commissioned by the American Gaming Association (AGA). The AGA, which brings together...

All SJM’s casinos back to business post typhoon: firm

Sep 19, 2018 Newsdesk Latest News, Macau, Top of the deck

All casinos operated under the licence of Macau casino operator SJM Holdings Ltd are back to business following Typhoon Mangkhut, which hit the city over the weekend. In a Wednesday statement, the...

Grand Lisboa Palace undamaged by Typhoon Mangkhut: SJM

Sep 18, 2018 Newsdesk Latest News, Macau, Top of the deck

The under-construction casino resort project being developed by SJM Holdings Ltd in Macau’s Cotai district, Grand Lisboa Palace (pictured), was not damaged by Typhoon Mangkhut that struck the...

Paradise City additions expected to draw 4.8 mln visitors

Sep 17, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Paradise Segasammy Co Ltd, the operator of the Paradise City casino resort in the South Korean city of Incheon, expects the second phase of the scheme to attract 4.8 million visitors to the...

Macau top junkets cautious over earnings outlook

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

Two of Macau’s major junket operators, Suncity Group and Tak Chun Group, have told GGRAsia that their respective VIP gaming businesses have so far been stable despite recent commentary that the...

S. Korea’s GKL August casino sales up 22pct

Sep 13, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

South Korean casino operator Grand Korea Leisure Co Ltd (GKL) posted strong sales in August. The company on Wednesday reported casino sales of approximately KRW50.7 billion (US$45.3 million) for that...

U.S. casino glitch negative for Genting Malaysia: Nomura

Sep 12, 2018 Newsdesk Latest News, Top of the deck, World

A hiccup in the development of a tribal casino in the United States is likely have a negative impact on the Genting Malaysia Bhd share price, according to Japanese brokerage Nomura. In a note...

Analysts predict Macau GGR growth of at least 8pct in Sept

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

Asset manager Sanford C. Bernstein Ltd forecasts that gross gaming revenue (GGR) in Macau will grow to between MOP23.2 billion (US$2.87 billion) and MOP23.8 billion in September, or 8 percent to 11...