GGRAsia – Newsletter 4

Macau gaming inward investment up 128pct in 2019

Oct 28, 2020 Newsdesk Latest News, Macau, Top of the deck

Inward direct investment – from outside investors – into Macau’s gaming sector jumped to nearly MOP43.31 billion (US$5.43 billion) in 2019, show official data published on Tuesday. That is...

Ainsworth dividends off until market clarity: chairman

Oct 27, 2020 Newsdesk Latest News, Top of the deck, World

Danny Gladstone (pictured in a file photo), the chairman of Australia-listed slot machine maker Ainsworth Game Technology Ltd, says the firm will not reinstate dividends for shareholders until the...

Legislators want talks with Macau govt on casino concessions

Oct 23, 2020 Newsdesk Latest News, Macau, Top of the deck

A ranking member of Macau’s Legislative Assembly said on Thursday that the sub-committee she heads would like meetings with the city’s government administration, regarding the future of Macau...

PH Resorts starts op to raise US$16mln for Emerald Bay

Oct 23, 2020 Newsdesk Latest News, Philippines, Top of the deck

Philippine-listed PH Resorts Group Holdings Inc, the gaming and hospitality subsidiary of entrepreneur Dennis Uy’s Udenna Corp, has been given permission by that country’s Securities and...

Singapore police arrest 35 people for illegal gambling

Oct 21, 2020 Newsdesk Latest News, Singapore, Top of the deck

Singapore police have arrested a total of 35 people for gambling offences, in two unrelated cases made public on Tuesday. In one instance, the police arrested 11 men, aged 21 to 38, for alleged...

Macau’s Grand Emperor Hotel op expects US$21mln 1H loss

Oct 20, 2020 Newsdesk Latest News, Macau, Top of the deck

The operator of Macau casino venue the Grand Emperor Hotel says it expects a consolidated net loss of “not more than” HKD160 million (US$20.6 million) for the six months to September 30, compared...

Macau govt Sept gaming tax take shows little improvement

Oct 19, 2020 Newsdesk Latest News, Macau, Top of the deck

The Macau government collected nearly MOP604.2 million (US$76.8 million) in tax revenue from the city’s gaming industry in September. The figure was down 1.5 percent compared to August, showed...

Fitch downgrades GEN Bhd on likely slow pandemic recovery

Oct 19, 2020 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck, World

Fitch Ratings Inc has downgraded the long-term issuer default rating of Malaysian gambling and services conglomerate Genting Bhd to ‘BBB’ from BBB+’’, albeit with a ‘stable’ outlook. It...

Aristocrat eyes entry to sports betting field: CEO

Oct 15, 2020 Newsdesk Latest News, Top of the deck, World

The chief executive of Australia-listed slot machine and digital games supplier Aristocrat Leisure Ltd says his firm is interested in entering the sports betting market. “We have the balance sheet,...

RWG biz normal despite nearby lockdown: firm

Oct 15, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

Malaysia’s only casino complex, Resorts World Genting (RWG), located in an upland area near the country’s capital Kuala Lumpur, says it “remains open as usual” despite the reintroduction of...