Sunday, December 16, 2018
Home South East Asia

South East Asia

Lim family ups stake in Genting

Genting Bhd’s majority shareholder, the Lim family, has increased its stake in the gaming to plantations company, buying a further 300,000 shares, according to a filing with Bursa Malaysia.

Unlikely Universal will pick up Genting theme park: Maybank

It’s unlikely that Japan’s Universal Entertainment will take over Genting Malaysia’s stalled theme park project, as it would likely cause cannibalization from their sister resort in Singapore, Maybank said in a note.

Fitch cuts growth outlook for Asia

The prospects for economic growth in Asia have dimmed in recent months, says ratings agency Fitch, which has cut its forecasts for almost every country in the region.

Okada Manila casino revenues hit record; parent raises funds

Universal Entertainment released financial figures showing that casino revenues at Okada Manila reached a record-high PHP2.9 billion ($55.1 million) in November, combined with a record-high EBITDA of almost PHP528 million pesos ($10 million) during the same period.

Genting Spore facing mass competition from Philippines/Cambodia

Genting Singapore is facing increasing competition in the mass market from the Philippines and Cambodia, though management sees room for growth in VIP, according to Nomura.

Genting launches VR zone with The Void

Genting Malaysia has added a virtual reality zone to its Resorts World Genting property, in conjunction with The Void, which plans “aggressive expansion” across Asia.

Sigma affiliate event to be held in Manila

SiGMA’s affiliate event, the Affiliate Grand Slam, will return to Asia in 2019 and will be held in Manila in March.

Sands China to be key driver for LVS: Bernstein

Sands China is likely to be the key driver for Las Vegas Sands for the next few years as it benefits from the increasing size of the mass market, according to an in depth analysis of the group by Bernstein Research.

Pay8 integrates with WeChat Pay

Pay8, a Philippines based Fintech company represented by its Chairman Kirk A. Arambulo and President Randy Dacasin, today signed with WeChat to integrate their...

Philippines GGR gains 23 percent in Q3

Philippine gross gambling revenue gained 23 percent in Q3, with figures for year to September already surpassing 2017’s total, according to figures released by the Philippine Gambling and Amusement Corp (PAGCOR).

TRENDING ARTICLES

Japan a key focus at MGS Entertainment Show

The upcoming Japanese IR market was a focus of the second day of the Macao Gaming Show, held at the Venetian Expo Hall in...

Genting sues Fox, Disney for $1b for breach of contract

Genting Malaysia is suing Walt Disney Co. and 20th Century Fox for $1 billion for pulling out of a contract for a Fox-themed amusement park at its Resorts World Genting property in Malaysia.

Two police chiefs jailed in $420m gambling ring

Vietnam’s former national police chief Phan Van Vinh and former head of hi-tech crimes police department Nguyen Thanh Hoa were sentenced to nine and...

Former Wynn shareholder files lawsuit

Casino operator Wynn Resorts is facing a new lawsuit from a former shareholder, alleging that Steve Wynn’s sexual assault scandal devalued his stock. According...

Sikkim’s new airport to drive casino traffic

After waiting for almost a decade, Sikkim, nestled in the mountainous far north of India, finally got an airport in October, which is likely to provide a boost to gambling operators in the remote state.