GGRAsia – Newsletter

Savan Vegas casino hotel in Laos up for sale

Oct 20, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck

Savan Vegas Hotel and Entertainment Complex, a casino hotel in Laos, is being offered for sale via a competitive bid process, according to a press release with Monday’s dateline. A U.S.-based...

Japan casino bill off table for 2015: Union Gaming

Oct 19, 2015 Newsdesk Japan, Latest News, Top of the deck

Enabling legislation in Japan for casino resorts is likely to be “off the table for 2015”, said a note from Union Gaming Securities Asia Ltd on Monday. The note was issued after media outlets in...

Okada ordered to U.S. hearings on ousting at Wynn

Oct 19, 2015 Newsdesk Latest News, Top of the deck, World

Gaming entrepreneur Kazuo Okada (pictured) has lost a bid to overturn a judicial order in the United States linked to his 2012 ejection from the board of casino operator Wynn Resorts Ltd. He was...

Sands China CFO stepping down

Oct 19, 2015 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Sands China Ltd announced on Sunday the resignation of its chief financial officer with effect from April 15 next year. The filing to the Hong Kong Stock Exchange said Toh Hup...

DJI hails streamlined approvals for China lottery

Oct 19, 2015 Newsdesk Industry Talk, Latest News, Rest of Asia

London-listed DJI Holdings Plc, a supplier of services to mainland China’s lottery market, said in a filing on Friday it welcomed an announcement two days earlier from China’s State Council that...

Macau govt counters Steve Wynn table cap swipe

Oct 19, 2015 Newsdesk Latest News, Macau, Top of the deck

Macau’s Secretary for Economy and Finance, Lionel Leong Vai Tac, has responded to criticism by Steve Wynn, the chairman and chief executive of Wynn Resorts Ltd, concerning the government’s...

Macau VIP market falls 38 pct in 3Q: govt

Oct 16, 2015 Newsdesk Latest News, Macau, Top of the deck

Third quarter VIP gross gaming revenue (GGR) in Macau fell by 38.0 percent year-on-year to approximately MOP28.99 billion (US$3.63 billion) from MOP46.77 billion in the year-prior period, according...

Travellers Intl resort expansion spend tops US$236 mln

Oct 16, 2015 Newsdesk Latest News, Philippines, Top of the deck

Travellers International Hotel Group Inc said it has so far allocated about PHP10.86 billion (US$236 million) of the proceeds from an initial public offering (IPO) to the expansion of its Resorts...

Sands tops out Eiffel Tower replica at Parisian Macao

Oct 16, 2015 Newsdesk Latest News, Macau, Top of the deck

Macau-based casino operator Sands China Ltd on Thursday topped out the Eiffel Tower replica at the Parisian Macao. The company said the US$2.7 billion French-themed casino resort remains on track to...

Alfastreet’s first slots ready for market in 1H2016

Oct 16, 2015 Newsdesk Industry Talk, Latest News

Gaming equipment maker Alfastreet – best known for electronic versions of casino table games – said it expects to have the company’s first slot machines ready in the first half of 2016. The...