• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Junket investor Neptune Group to change name

Aug 25, 2017 Newsdesk Latest News, Macau  


Junket investor Neptune Group to change name

Neptune Group Ltd, once one of the biggest investors in the Macau VIP gambling market, is to change its name to Rich Goldman Holdings Ltd, the company said on Thursday. The name change still needs to be approved by shareholders at a special meeting, the firm added in a filing to the Hong Kong Stock Exchange.

The filing did not disclose when the firm expected the name change to take effect.

“The board is of the opinion that the current name of the company does not reflect the diversity of businesses conducted by the group,” said Neptune. “While the group is still engaged in its gaming business by receiving profit streams from junket operators [in Macau], the group now focuses more on its money lending business and management and operation of hotel business,” it added.

Neptune stated: “The board considers that the proposed change of company name will provide the company with a more appropriate corporate identification and image that would better reflect or align with the business nature and future development of the group.”

Neptune said in July that only one of its Macau junket partners would remain in business after August 31. That was after two of its junket operators saw their rights to operate VIP gaming tables at two properties of casino operator Sands China Ltd terminated in June and July, respectively.

In July’s filing, and due to the termination of the agreements with its junket partners, Neptune issued a profit warning for the fiscal year ended June 30, 2017. The firm said it expects to record an impairment of intangible assets in respect of the junket business of approximately HKD365.9 million (US$46.8 million).


  • tweet
Related articles
  • LVS gets 1-year extension for Marina Bay Sands 2.0 start
    LVS gets 1-year extension for Marina...

    Mar 24, 2023  

  • Sands China woos Singaporeans as Air Macau opens route
    Sands China woos Singaporeans as Air...

    Mar 23, 2023  

More news
  • Kangwon Land slot brand Manila office eyes SE Asia sales
    Kangwon Land slot brand Manila office...

    Mar 28, 2023  

  • APE narrows annual loss as revenue up 38pct
    APE narrows annual loss as revenue up...

    Mar 28, 2023  


Latest News

Kangwon Land slot brand Manila office eyes SE Asia sales

Kangwon Land slot brand Manila office eyes SE Asia sales

Mar 28, 2023  

Kangwon Land Inc, operator of the only South Korean casino permitted to serve local gamblers, recently opened a Manila, Philippines office for sales and promotion of its own-brand KL Saberi casino...
Read More
APE narrows annual loss as revenue up 38pct

APE narrows annual loss as revenue up 38pct

Mar 28, 2023  

Foreigners can use HK-Macau free ticket says tourism boss

Foreigners can use HK-Macau free ticket says tourism boss

Mar 27, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The data and evidence on hand all point to the same conclusion: enough is enough. It is time to ban offshore gaming operations in the Philippines, once and for all”

Sherwin Gatchalian

Chairman of the Committee on Ways and Means of the Senate of the Philippines



Most Popular

  • Melco’s Studio City has foreigner-only bet zone: checksMelco’s Studio City has foreigner-only bet zone: checks March 27, 2023
  • Raffles hotel checks complete at Galaxy Phase 3: MGTORaffles hotel checks complete at Galaxy Phase 3: MGTO March 27, 2023
  • Macau diversification into non-gaming to remain slow: FitchMacau diversification into non-gaming to remain slow: Fitch March 24, 2023
  • Philippine lawmaker wants POGOs shut within 3 monthsPhilippine lawmaker wants POGOs shut within 3 months March 27, 2023
  • Foreigners can use HK-Macau free ticket says tourism bossForeigners can use HK-Macau free ticket says tourism boss March 27, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us