Trade Talk: Lessons to be learned in Asia from South Africa’s cashless casino experience
Inside Asian Gaming speaks with Nigel Atherton, Group CEO of South Africa’s Peermont Hotels, Resorts & Casinos and Billy Gray, Peermont’s Group Gaming Executive, about the company’s experience in cashless gaming and how this can be applied in Asia and...
Read moreCurrent issue
NagaCorp completes US$200 million additional notes issue
Cambodian integrated resort operator NagaCorp says it has successfully completed the issue of US$200 million of additional notes announced last week. The US$200 million 7.95% senior notes due 2024 are seen as an important fund-raising exercise for the company in...
Disgraced Macau law professor said to be in Saipan and giving legal advice to former IPI chair
A disgraced Macau law professor sentenced to six years in prison by Macau’s Court of Second Instance earlier this year is said to be in Saipan and offering legal advice to former Imperial Pacific International (IPI) chairman Cui Li Jie....
SkyCity issues FY21 earnings guidance on strong domestic rebound
New Zealand’s SkyCity Entertainment Group says it expects to report normalized EBITDA of between NZ$247 million to NZ$253 million (US$178 million to US$182 million) and normalized profit after tax of NZ$84 million to NZ$88 million (US$60 million to US$63 million)...
Wakayama IR investor Groupe Partouche reports 71% revenue decline in 2Q21
French casino operator Groupe Partouche has reported a 71.1% year-on-year decline in gross gaming revenue in the three months to 30 April 2021 to €25.1 million (US$30.6 million), impacted by casino closures in France and Belgium. According to the company’s...
Current issue
Three new directors granted approval to join SkyCity board
New Zealand’s SkyCity Entertainment Group has appointed three new non-executive directors to its Board after receiving all necessary regulatory approvals. Silvana Schenone, Julian Cook and Chad Barton were all appointed directors as of Tuesday 8 June 2021, having served in...
NagaCorp prices US$200 million additional notes on lengthening NagaWorld closure
Cambodian integrated resort operator NagaCorp has priced US$200 million of additional notes aimed at raising liquidity while NagaWorld in Phnom Penh remains closed due to COVID-19. The additional notes were first mooted on Monday as part of a filing in...
NagaCorp confirms staff cuts among cost-saving initiatives at NagaWorld
Hong Kong-listed NagaCorp has confirmed recent reports of substantial staff cuts at its Cambodian integrated resort NagaWorld, citing a need to maintain operational and financial flexibility. The news follows media reports suggesting NagaCorp was laying off around 600 employees due...
