GGRAsia – Newsletter 4

Studio City likely to raise funds for liquidity needs: specialist

Jan 28, 2021 Newsdesk Latest News, Macau, Top of the deck

Lucror Analytics, a research company based in Singapore that focuses on high-yield credit, says it foresees Studio City Co Ltd “would have to raise more funds” in 2022, in order to “fulfil...

Fewer Michelin-starred outlets in Macau casino sector

Jan 27, 2021 Newsdesk Latest News, Macau, Top of the deck

The number of Michelin-starred restaurants based at Macau casino resorts has declined in the 2021 edition of the “Michelin Guide Hong Kong Macau”. The new edition of the guide was announced on...

Cotai expansion to aid Macau EBITDA to 2019 level: CICC

Jan 26, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau casino-sector earnings before interest, taxation, depreciation and amortisation (EBITDA) could return to 2019 levels “as soon as” the fourth quarter of this year, “partly helped by...

Okada Manila warns against online casino, sale rumours

Jan 25, 2021 Newsdesk Latest News, Philippines, Top of the deck

The Okada Manila casino resort (pictured) in the Philippine capital has issued separate advisory notices warning respectively of unauthorised parties operating an “online casino” using the...

Casino op Silver Heritage gets new board of directors

Jan 25, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck, World

The administrators of Australia-listed casino operator Silver Heritage Group Ltd said in a Friday filing that they had “returned” control of the company to a new slate of directors, following the...

Grand Lisboa Palace backer SJM taps circa US$1bln in notes

Jan 21, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator SJM Holdings Ltd said on Thursday that it expected to raise approximately US$991 million net, via an offering of two tranches of U.S.-dollar denominated senior notes, due...

Suntrust gets OK for unit handling hotel, tourism biz

Jan 20, 2021 Newsdesk Latest News, Philippines, Top of the deck

The Philippines’ Securities and Exchange Commission (SEC) has certified the incorporation of a subsidiary of Suntrust Home Developers Inc that will handle the group’s hotel and other...

MBS ArtScience Museum to host Star Wars exhibition

Jan 19, 2021 Newsdesk Latest News, Singapore, Top of the deck

The ArtScience Museum at the Marina Bay Sands (MBS) casino resort in Singapore, is to host a “Star Wars Identities” exhibition, from January 30 to June 13, according to a press release...

Info soon on new Fisherman’s Wharf hotel: Chan

Jan 18, 2021 Newsdesk Latest News, Macau, Top of the deck

A member of the family that founded casino-services and hotel-operations firm Macau Legend Development Ltd says the group will disclose “this year” details of Legendale Hotel, a planned...

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Jan 15, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck

The “deteriorating situation” in Malaysia regarding Covid-19 is a “credit negative” for Genting Bhd, the parent of a number of casino businesses around the world, says a Thursday note from...