GGRAsia – Newsletter 4

Newsletter 4

Okada Manila listing vehicle appoints interim president

Mar 26, 2019 Newsdesk Latest News, Philippines, Top of the deck

The corporate vehicle for the backdoor listing of equity in the Okada Manila casino resort in the Philippines has appointed an interim president. Asiabest Group International Inc told the Philippine...

GEN Malaysia sells stake in Maxims casino operator, London

Mar 25, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck, World

Casino operator Genting Malaysia Bhd says it has disposed of its indirectly-held equity interest in the operator of Maxims, a club-style casino in London in the United Kingdom. Genting Malaysia told...

Bloomberry Resorts declares special cash dividend

Mar 22, 2019 Newsdesk Latest News, Philippines, Top of the deck

Philippine operator of Asian casinos Bloomberry Resorts Corp says it has declared a special cash dividend of PHP0.15 (US$0.003) a share, payable on April 16 to shareholders registered as of April 5....

New language on Lotte Tour Jeju casino resort completion

Mar 21, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

The promoter of Jeju Dream Tower, a new resort with foreigner-only casino that is being built on the South Korean holiday island of Jeju, has shifted its language when describing progress of the...

Game distributor APE yearly profit jumps nearly fourfold

Mar 20, 2019 Newsdesk Latest News, Macau, Top of the deck

The Hong Kong-listed parent of electronic casino game distributor Asia Pioneer Entertainment Ltd (APE) recorded an almost fourfold increase in annual profit in financial year ending December 31, the...

Macau March GGR likely flat or down 5pct y-o-y: analysts

Mar 19, 2019 Newsdesk Latest News, Macau, Top of the deck

Casino gross gaming revenue (GGR) in Macau for March is likely at best to be flat judged year-on-year, and at worst, down by 5 percent compared to a year earlier. That is the scenario presented...

Joey Lim dropped as Donaco CEO, stays on board

Mar 19, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Boutique Asian casino operator Donaco International Ltd on Tuesday said it had terminated the employment of Joey Lim Keong Yew (pictured in a file photo) “with immediate effect”. Mr Lim, a scion...

Sands China board flags 2018 final dividend

Mar 18, 2019 Newsdesk Latest News, Macau, Top of the deck

The board of Macau casino operator Sands China Ltd recommended on Friday a final dividend for 2018 of HKD1.00 (US$0.127) per share. The news came only hours after it emerged via a Las Vegas, Nevada...

Macau gaming tax rev up 4.8pct in first two months 2019

Mar 14, 2019 Newsdesk Latest News, Macau, Top of the deck

The Macau authorities collected more than MOP19.63 billion (US$2.43 billion) in revenue from the gaming industry in the first two months of 2019. Data released by the Financial Services Bureau,...

14pct revenue lift sees Everi turn around 2017 loss

Mar 13, 2019 Newsdesk Industry Talk, Latest News, Top of the deck, World

Everi Holdings Inc a United States-based supplier of casino electronic games and financial technology, reported net profit of about US$12.4 million for 2018, turning around a US$51.9-million loss...