GGRAsia – Newsletter 4

IGT launches tender offer for senior secured notes

Jun 18, 2018 Newsdesk Industry Talk, Latest News

Gaming equipment manufacturer International Game Technology Plc (IGT) announced on Monday a tender offer for some of its senior secured notes due 2020. The IGT notes covered by the offer include: the...

Vietnam to make sports betting a regulated industry

Jun 15, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Vietnam’s National Assembly passed on Thursday a bill that legalises the principle of sports betting, albeit under government oversight. The details of the terms and conditions – including what...

IGT strikes new licensing deal for social games

Jun 14, 2018 Newsdesk Latest News, Top of the deck, World

Gaming equipment manufacturer International Game Technology Plc (IGT) and social casino games developer FlowPlay Inc have struck a cross-licensing deal. The deal will see FlowPlay develop games with...

GEN Malaysia shareholders nod 2017 final dividend

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

The shareholders of Genting Malaysia Bhd have approved the payment of a final, single-tier dividend of MYR0.05 (US$0.0125) per ordinary share for last year. The gaming company said the shareholders...

Mass uptick supporting June GGR growth: analysts

Jun 12, 2018 Newsdesk Latest News, Macau, Top of the deck

Macau’s casino gross gaming revenue (GGR) growth trend remains “solid” this month, despite the slowdown seen in May, say several investment analysts, citing estimates based on unofficial...

S. Korean casino op GKL posts strong May performance

Jun 11, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino sales at South Korean casino operator Grand Korea Leisure Co Ltd (GKL) soared in May. The company on Monday reported casino sales of approximately KRW40.59 billion (US$37.9 million) for that...

AGEM Index rises for the second month in May

Jun 08, 2018 Newsdesk Industry Talk, Latest News

The AGEM Index climbed for a second consecutive month to 554.05 points in May, an increase of 4.28 percent over April’s reading. The index was 42.0 percent higher last month compared to the same...

Caesars wants suppliers to meet ‘ambitious’ greenhouse cuts

Jun 07, 2018 Newsdesk Latest News, Trends & Tech, World

Caesars Entertainment Corp has set targets that should sharply reduce its greenhouse gas emissions as well as those of the companies it works with. In a Wednesday announcement, the U.S.-based gaming...

Macau casino op Sands China to pay staff special bonus

Jun 06, 2018 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Sands China Ltd is to pay on August 31 what it terms a “one-off special bonus” to eligible full-time workers of “qualifying grades”. The firm said in a Monday press...

Regulator nods GEN Singapore domicile switch to home

Jun 05, 2018 Newsdesk Latest News, Singapore, Top of the deck

Genting Singapore Ltd has gained formal approval from the Accounting and Corporate Regulatory Authority of Singapore to transfer its legal domicile from the offshore tax jurisdiction of the Isle of...