G2E Asia Press Release

  • 195 results found
  • 2016-09-26
    Reports: China's Fosun Group is Baha Mar buyer

    Construction on the unfinished $3.5b Baha Mar resort casino will resume early next month, according to the Bahamas deputy prime minister.      On Thursday, Deputy PM Philip Davis announced that Baha Mar’s primary contractor, China Construction...

  • 2016-09-26
    Ontario scraps lottery privatization plan

    The Canadian province of Ontario has scrapped plans to privatize its state-run lottery business. In a statement issued on Friday, the Ontario Lottery and Gaming Corp (OLG) announced that it had cancelled its request for proposals (RFP) for private operators...

  • 2016-09-23
    GGR improvement for Entertainment City casinos

    Philippines’ gross gaming revenue in July has continued to improve, with the strong trend appearing sustainable until year end, said Maybank in a note on Tuesday. According to the brokerage, gross gaming revenue for Entertainment City casinos, including...

  • 2016-09-23
    GEN Singapore a hoarder of cash on Japan hopes: UBS

    Singapore casino operator Genting Singapore Plc is likely to keep its 2016 annual dividend payment at the 2015 level of SGD0.015 (US$ 0.010) per share, “until there is more clarity on its Japan business,” says a report from banking group UBS AG. “Genting Singapore has kept its cash...

  • 2016-09-19
    Imperial Pacific to issue bond for Saipan casino

    Imperial Pacific is set to offer a high-yield bond to investors in order to fund the construction of the Imperial Pacific Resort and Hotel on Saipan. The pricing of the notes, including the aggregate principal amount, the offer price and the interest rate have yet to...

  • 2016-09-19
    IKGH didn’t close their VIP rooms, we did: Galaxy

    Galaxy Entertainment Group says it was the one to terminate the VIP rooms run by Iao Kun Group Holdings Ltd, after the junket operator breached agreements made with the casino operator. Last week, IKGH announced it has closed its VIP gaming rooms at the...

  • 2016-09-14
    LVS not letting go of South Korea resort dream

    Sheldon Adelson’s group is pressing on with its plan of building a casino resort—one that will allow locals in—in South Korea. In an interview with the Korea Economic Daily, George Tanasijevich, managing director of global development for Las Vegas Sands Corp.,...

  • 2016-09-14
    IKGH axes another two VIP gaming rooms

    VIP gaming promoter Iao Kun Group Holding Company Ltd on Wednesday announced it has closed its VIP gaming rooms at the Galaxy Macau and StarWorld, effective September 10. The company has terminated its agreements with Sang Heng and Sang Lung Gaming Promotion Ltd. relating...

  • 2016-09-12
    Cairns opens up for another major casino investor

    Queensland’s Treasurer Curtis Pitt says Cairns’ doors are wide open for another major investor to build an integrated resort and casino in the region, local media reports. The tourism industry has “moved beyond a recovery phase into a boom period,” and is well...

  • 2016-09-05
    Macau Legend completes Savan Vegas acquisition

    Hong Kong-listed casino operator Macau Legend Development Ltd has announced it has formally taken control of the Savan Vegas Hotel and Entertainment Complex in Laos. In May, the company entered into a project development agreement with the Laos government to purchase...

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