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Fitch Ratings Incorporated advises caution on MGM China Holdings Limited float

March 30, 2021

Latest Casino and Gambling News, Gaming Industry News, Hong Kong, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships

Prominent credit ratings agency Fitch Ratings Incorporated has reportedly assigned a pessimistic ‘BB-’ grade to the $750 million senior notes offer recently floated by Asian casino operator MGM China Holdings L...

Genting Malaysia Berhad boss helping to bail out Genting Hong Kong Limited

Adam Morgan

March 25, 2021

Casino News, Casino Cruise Ships, Latest Casino and Gambling News, Gaming Industry News, Hong Kong, Economy/Finance, Asian Casino News, Mergers, Acquisitions & Partnerships

The Chairman and Chief Executive Officer for Asian casino giant Genting Malaysia Berhad has reportedly purchased a substantial stake in a luxury yacht enterprise as part of an effort to help save his own firm’s...

Rich Goldman Holdings Limited issues profit warning

Adam Morgan

February 8, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Hong Kong, Economy/Finance, Mergers, Acquisitions & Partnerships

Asian junket operator Rich Goldman Holdings Limited has reportedly announced that it expects to detail a loss of approximately $2.32 million for the six months to the end of December owing to depressed demand l...

Suncity Group Holdings Limited ups its stake in Summit Ascent Holdings Limited

Adam Morgan

October 15, 2020

Latest Casino and Gambling News, Casino News, Casino expansion projects, Gaming Industry News, Hong Kong, Economy/Finance, Mergers, Acquisitions & Partnerships, Russia

Asian junket behemoth Suncity Group Holdings Limited has reportedly announced the completion of a deal that has seen it pay approximately $160 million in order to acquire a further 41.69% stake in Russian casin...

Second-quarter deficit for Melco Resorts and Entertainment Limited

Adam Morgan

August 21, 2020

Casino News, Latest Casino and Gambling News, Gaming Industry News, Hong Kong, Economy/Finance, Mergers, Acquisitions & Partnerships

Asian casino operator Melco Resorts and Entertainment Limited has reportedly followed many of its rivals in recording an overall loss for the three months to the end of June owing to the many disruptions caused...

Alvin Chau showing commitment to Suncity Group Holdings Limited

Adam Morgan

August 19, 2020

Casino News, Latest Casino and Gambling News, Gaming Industry News, Hong Kong, Economy/Finance, Asian Casino News, Mergers, Acquisitions & Partnerships

The main investor in Asian casino management firm Suncity Group Holdings Limited has reportedly transferred shareholder loans worth approximately $500 million into perpetual securities featuring no maturity dat...

Hong Kong court refuses to freeze local assets of Kazuo Okada

Adam Morgan

July 28, 2020

Latest Casino and Gambling News, Gaming Industry News, Hong Kong, Economy/Finance, Asian Casino News, Crime, Fines, Lawsuits & Litigation

In Hong Kong and a High Court judge has reportedly refused to grant an injunction that would have prevented former Japanese casino magnate Kazuo Okada (pictured) from being able to offload any of his local fina...

Far East Consortium International Limited records European success

Adam Morgan

July 2, 2020

Casino News, Latest Casino and Gambling News, Casino openings, Casino closures, Gaming Industry News, Casino project updates, Hong Kong, Economy/Finance, Czech Republic, Mergers, Acquisitions & Partnerships

Asian hospitality and property development conglomerate Far East Consortium International Limited has reportedly announced that its revenues from gaming for the twelve months to the end of March rose by 4.6% ye...

Hong Kong extends coronavirus-related travel restrictions until July 7

Adam Morgan

June 3, 2020

Latest Casino and Gambling News, Casino News, Hong Kong, Gaming Industry News, Economy/Finance, Macau

The government of Hong Kong has reportedly announced that it will be extending its current raft of coronavirus-related border controls until at least July 7 after recording six new local cases of the potentiall...

AvatarUX Studios blasts off with new PopRocks video slot

Adam Morgan

April 7, 2020

Online gaming software, Latest Casino and Gambling News, Newest casino games, Gaming Industry News, Hong Kong, Game manufacturers, Mobile gaming, The Players Lounge, Online Gambling News, Mergers, Acquisitions & Partnerships, Malta

Online casino games developer AvatarUX Studios has announced its return to the Yggdrasil Game Server (YGS) Masters program for the launch of its new space-themed PopRocks video slot. The Hong Kong-headquarte...

AvatarUX Studios goes live following launch of Lilith’s Inferno video slot

Adam Morgan

December 10, 2019

Latest Casino and Gambling News, Online gaming software, Newest casino games, Gaming Industry News, Hong Kong, Game manufacturers, Mobile gaming, The Players Lounge, Online Gambling News, Mergers, Acquisitions & Partnerships

The planet now has a new online casino games developer after AvatarUX Studios utilized last month SiGMA trade show to formally introduce itself via the launch of its very first video slot in the five-reel and 2...

Genting Hong Kong Limited selling significant stake in its Dream Cruises brand

Adam Morgan

August 7, 2019

Casino Sales, Casino Cruise Ships, Latest Casino and Gambling News, Gaming Industry News, Hong Kong, Economy/Finance, Mergers, Acquisitions & Partnerships

Asian cruise ship operator, Genting Hong Kong Limited, has reportedly announced the signing of a deal that is to see it sell up to a 35% stake in its Dream Cruises brand to an entity controlled by private equit...

Genting Hong Kong Limited agrees gaming machines supply deal

Adam Morgan

January 3, 2019

Casino Cruise Ships, Latest Casino and Gambling News, Hong Kong, Mergers, Acquisitions & Partnerships

Asian cruise ship operator, Genting Hong Kong Limited, has reportedly announced the signing of a deal that is due to see it continue purchasing electronic gaming machines and associated equipment from FreeStyle...

Paradise Entertainment agrees supply deal with brother-in-law of chairman

Kim M

December 17, 2018

Casino News, Latest Casino and Gambling News, Hong Kong, Game manufacturers, Mergers, Acquisitions & Partnerships

A 12-month "supply framework agreement" has reportedly been inked by Hong Kong-headquartered casino equipment maker and gaming services provider, Paradise Entertainment Ltd. (SEHK: 1180) with brother-in-law of ...

Six-month net profit rockets at Melco International Development Limited

Adam Morgan

August 28, 2018

Latest Casino and Gambling News, Hong Kong, Economy/Finance

Asian gaming and entertainments giant Melco International Development Limited has released its interim financial results for the six months to the end of June showing an over 154% increase year-on-year in net p...

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Fitch Ratings Incorporated advises caution on MGM China Holdings Limited float

Rich Goldman Holdings Limited issues profit warning

Suncity Group Holdings Limited ups its stake in Summit Ascent Holdings Limited

Second-quarter deficit for Melco Resorts and Entertainment Limited

Alvin Chau showing commitment to Suncity Group Holdings Limited

Hong Kong court refuses to freeze local assets of Kazuo Okada

Far East Consortium International Limited records European success

AvatarUX Studios blasts off with new PopRocks video slot

AvatarUX Studios goes live following launch of Lilith’s Inferno video slot

Genting Hong Kong Limited selling significant stake in its Dream Cruises brand

Genting Hong Kong Limited agrees gaming machines supply deal

Paradise Entertainment agrees supply deal with brother-in-law of chairman

Six-month net profit rockets at Melco International Development Limited

Casino Del Sol Celebrates Key Construction Milestone on New Tucson Casino

DraftKings to Charge Per-Bet Fee in Illinois Starting September

Swedish Government Plans Total Ban on Gambling with Credit

Rulli Bill Would Fund ICE With Gambling Taxes, Sparks Debate

Crown Sydney Denied Poker Machines as Premier Shuts Down Proposal