GGRAsia – Newsletter 5

Newsletter 5

LRW undecided on US$31.2-mln preferred shares deal

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

The management of Philippine gaming company Leisure and Resorts World Corp (LRW) has not yet decided if it will redeem perpetual preferred shares worth about PHP1.65 billion (US$31.2 million). In a...

Sands China to pay interim dividend of US$0.13 a share

Jan 21, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Sands China Ltd has declared an interim dividend of HKD0.99 (US$0.13) per share. The company told the Hong Kong Stock Exchange on Friday that it expected to pay the dividend on...

Sands China announces bonus, salary hike to staff

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

Macau casino operator Sands China Ltd announced on Friday the payment of a discretionary bonus – equivalent to one month’s pay – to all of its eligible employees. The bonus will be paid on...

SuzoHapp names software arm SuzoHapp Digital

Jan 17, 2019 Newsdesk Industry Talk, Latest News

SuzoHapp Group, a supplier of cash handling systems to casinos and other businesses, has announced that a software subsidiary it is setting up will be called SuzoHapp Digital. “Software is a core...

G2E Asia 2019 to feature blockchain, fintech: organiser

Jan 15, 2019 Newsdesk Industry Talk, Latest News, Macau, Top of the deck

Global Gaming Expo (G2E) Asia, a casino industry trade show and conference held annually in Macau, announced on Tuesday a new show segment on financial technology or “fintech” for the 2019...

SuzoHapp cashless pay tech ties with Taiwan firm

Jan 15, 2019 Newsdesk Industry Talk, Latest News, Rest of Asia

SuzoHapp Group, a supplier of cash handling systems, and Castles Technology International Corp of Taiwan, a manufacturer of payment hardware, will collaborate in developing and selling terminals that...

No gamble to hold Macau casino stocks, says JP Morgan

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

Macau’s gross gaming revenue (GGR) from its casinos is likely to shrink this year, but shares in the casino operators are worth buying – and holding – says JP Morgan in its preview of the year...

Cotai LRT plus for Melco, Wynn, MGM and Galaxy: Nomura

Jan 11, 2019 Newsdesk Latest News, Macau, Top of the deck

Five major Cotai casino properties are likely to be the main beneficiaries when the Taipa-Cotai section of Macau’s light rail transit (LRT) system (pictured in a file photo) opens, because of...

IGT’s Orchard succeeds Nieman as AGEM president

Jan 10, 2019 Newsdesk Industry Talk, Latest News, World

The Association of Gaming Equipment Manufacturers (AGEM) has elected Luke Orchard as its new president. He is the chief compliance and risk management officer for casino equipment and lottery...

Taipa-Cotai light rail route operational 2H 2019: govt

Jan 09, 2019 Newsdesk Latest News, Macau, Top of the deck

The Macau government said on Tuesday that the Taipa-Cotai section of the under-construction light rail transit (LRT) system – designed to move visitors and locals around the city – is scheduled...