GGRAsia – Newsletter 5

UBS increases stake in Silver Heritage to 11pct

Jul 13, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck, World

Banking group UBS AG has increased its stake in Australia-listed gaming operator Silver Heritage Group Ltd to 10.9 percent, the latter company said in a filing to the Australian Securities Exchange...

Mainlanders held in Macau for alleged casino loan-sharking

Jul 12, 2017 Newsdesk Latest News, Macau, Top of the deck

Macau’s Judiciary Police announced on Tuesday the arrest in the city of 15 mainland Chinese for alleged involvement in loan-sharking operations targeting casino gamblers. The police suspected those...

Sci Games buys online casino game developer Red7Mobile

Jul 11, 2017 Newsdesk Industry Talk, Latest News

Casino equipment maker and lottery services provider Scientific Games Corp has acquired Red7Mobile Ltd. The latter is “a Bristol, U.K.-based firm that designs, develops and delivers innovative and...

Likely market uptick July, post Manila casino attack: MS

Jul 10, 2017 Newsdesk Latest News, Philippines, Top of the deck

The negative impact on casino gross gaming revenue (GGR) experienced market wide in the Philippines following the deadly attack at the Resorts World Manila property should be a short-term phenomenon,...

AGEM Index marks 21st month of gains in June

Jul 07, 2017 Newsdesk Industry Talk, Latest News

The AGEM Index, which tracks the stock performance of listed firms in the casino equipment supply sector, reached another record high in June. The composite index stood at 421.95 points as of the end...

GLI acquires testing services firm NMi Gaming

Jul 06, 2017 Newsdesk Industry Talk, Latest News, World

Gaming-testing specialist and technical consultancy Gaming Laboratories International LLC (GLI) says it has acquired NMi Metrology and Gaming Ltd, also known as NMi Gaming. The latter company has...

Jimei Intl shareholders nod change to name

Jul 05, 2017 Newsdesk Industry Talk, Latest News, Macau

Hong Kong-listed junket investor Jimei International Entertainment Group Ltd is to change its name to Starlight Culture Entertainment Group Ltd, the company said in a filing. The name change has been...

Nomura lifts Macau 2017 GGR growth forecast to 15pct

Jul 04, 2017 Newsdesk Latest News, Macau, Top of the deck

Japanese brokerage Nomura is lifting its year-on-year growth estimates for 2017 Macau casino gross gaming revenue (GGR) after the market posted “solid second quarter” results. Casino gross gaming...

Philippine govt committed to sell Pagcor casinos: report

Jul 03, 2017 Newsdesk Latest News, Philippines, Top of the deck

The Philippines’ Finance Secretary Carlos G. Dominguez III said the government expects the country’s gaming regulator, the Philippine Amusement and Gaming Corp (Pagcor), to collect additional...

Paradise Ent to acquire Macau Lan Kwai Fong casino hotel

Jun 30, 2017 Newsdesk Latest News, Macau, Top of the deck

Hong Kong-listed Paradise Entertainment Ltd announced on Thursday that it has entered into a letter of intent with casino services firm China Star Entertainment Ltd to acquire the latter’s Lan Kwai...