SOFTSWISS Sportsbook saw a 438-percent year-on-year rise in the number of bets in the third quarter, and gross gaming revenue (GGR) up. The Daegu Casino in South Korea has been fined KRW1. In comments to GGRAsia, Macau’s Sports Bureau indicated the public-sector role was mainly one of facilitation for initiatives from the community and the private sector – specifically mentioning the gaming concessionaires – rather than ‘big-picture’ planning. 23 billion (US$2. 45 billion (US$18. 2022 action packed to the last for Asia casino sector. The property had a formal launch in July, with what the company said. 4 percent year-on-year in calendar year 2019. Third-quarter net income from continued operations was US$80 million, compared to US$20 million a year earlier. Macau’s Public Prosecutions Office. The bureau stated: “In the process of promoting the implementation of non. 6 percent more than the level of PHP96. 0 percent from the prior-year period. 72 billion in April. 0 billion (US$26. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. Gaming software and services provider SOFTSWISS says that since the beginning of the year its multifunctional Anti-Fraud Team has “processed more than 26,000 requests encompassing lockout of problematic players, analysing notifications concerning at-risk players and. 95 billion, up 305. The force said it had proposed a joint “task force” regarding the threat of illicit money changing. The Macao Government Tourism Office (MGTO) says the city is getting ready to receive package tours from mainland China in November. Ms Zou’s “deep understanding of the pan-Asian consumer will enable her to effectively lead the Wynn team in customer. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. The official – who oversees the tourism and gaming sectors – declined. GEN Singapore 3Q profit up, pledges US$5bln investment. Corona Resort and Casino (pictured in a file photo) – a gaming complex located on Vietnam’s Phu Quoc island – has announced on its official website that operations at the resort and gaming facilities recommenced on Friday (May 8), after a month-long pause amid the Covid-19 pandemic. WPT confirms Vietnam, Cambodia meetings for 2024 season. “I have been studying listing my company on the stock market for over a year,” Mr Han stated. The firm’s EBITDA is estimated at US$1. The cohort includes academics in tourism education, and former and present figures from the casino industry, including individuals linked to Kangwon Land resort, run by Kangwon Land Inc. The Macau government estimates the city’s 2023 casino gross gaming revenue (GGR) will be MOP216. 39 million) in fines, for 182 cases of breaking anti-money laundering (AML) rules. 21 billion, which was the best. . Jeju Dream Tower is controlled by Korea Exchange-listed Lotte Tour Development Co Ltd. The Suncity venue in Manila confirmed to have closed last week was within the Okada Manila casino resort, according to checks done on behalf of GGRAsia. That was according to a. The Philippines was currently the “number one” market in Asia for slot suppliers, albeit “highly. The House of Dancing Water (pictured in a file photo), a hit Macau casino resort show that was suspended ultimately in June 2020 amid the Covid-19 pandemic, is to return to Macau in “late 2024”, says its backer, Macau casino operator Melco Resorts and Entertainment Ltd. The owner and operator of Philippine casino and leisure complex Newport World Resorts (pictured), in the capital Manila, said fourth-quarter overall revenues rose 164 percent year-on-year, to PHP8. 38 billion) in the first 21 days of May, estimated JP Morgan Securities (Asia Pacific) Ltd, citing its own checks. Macau’s September casino gross gaming revenue (GGR) fell by 13. Specific to GGRAsia readers, we are at the forefront, working alongside legislators and regulators throughout the Asia-Pacific region. . Alejandro Tengco (pictured in a file photo), chairman and chief executive of the Philippine casino regulator, the Philippine Amusement and Gaming Corp (Pagcor), has told GGRAsia it has already had “numerous” expressions of interest regarding the selling off of state-owned Casino Filipino gaming venues. Judged year-on-year, such revenue rose by 32. View the latest US news, top stories, photos and videos from around the nation. Nov 10, 2023 Newsdesk iGaming, Latest News. The city’s market-wide mass GGR “is recovering faster” than the ratings institution had forecast, added the memo. 79 billion (US$3. The title presents players with symbols including bears, cougars, and wolves on a 5 x 5 grid. Macau gaming tax revenue tops US$6. com is a new website and newsletter about the Asian casino industryGGRAsia - Business Information. The group’s third-quarter gross gaming revenue (GGR) was nearly HKD8. “We anticipate its 2024 mass GGR will be 5 percent to 15 percent stronger than in. Pragmatic Play Ltd, a content provider to the iGaming industry, has launched its latest game title, called “The Wild Gang”. In an emailed reply to GGRAsia, Macau’s Labour Affairs Bureau did not comment on the average waiting times on non-resident work permit approval. Sep 29, 2023 Newsdesk Latest News, Trends & Tech. The banking institution added it was maintaining its November full-month GGR forecast at. Read More Philippines 3Q industry GGR US$1. The 2023 edition of the MGS Entertainment Show to be held in Macau, with a casino trade exhibition and one-day summit, is expected to draw “over 5,000 professional audience members and visitors”, said the organiser, the Macau Gaming Equipment Manufacturers Association (MGEMA), in a Wednesday press briefing (pictured). “Clark, as a destination, is still in its early. The information was given by André Cheong Weng Chon (pictured second right. The first edition of ICE Asia has been postponed from this. The first day of the in-person and online 2022 edition of casino industry trade fair and conference Global Gaming Expo (G2E) Asia will be dedicated to discussing the future of gaming in Asia. That could be a challenge particularly for Macau operators, that have spent more than a decade. 1d Edited. 42 billion) in fiscal revenue from taxes on gaming in the first ten months of this year, according to the latest data released on Thursday by the. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. The glass and steel Crystal Pavilion (pictured in an artist’s rendering) – as the group has dubbed it – and an. The reporting quarter is also the company’s first quarter of fiscal year 2024. 58 billion) in full calendar year 2018, up by 22. From GGRAsia site checks in early October, Texas Hold’em poker zones were available and active on the mass gaming floors inside a number of Macau’s major casino properties. 01 billion, a rise of 295. 4 percent quarter-on-quarter, through “natural attrition”. Macau’s casino GGR for the ten months to October 31 reached MOP148. May 11, 2023 Newsdesk Latest News, Macau, Top of the deck. In April, the government had confirmed to GGRAsia the plan for a bill to cover an update to the city’s illegal gambling regime as part of a number of regulatory steps impacting the gaming sector. 61. The October result took Singapore’s visitor aggregate for the first ten months of this year, to 11. As of February, Macau had a total of 38,839 operational guest rooms via an aggregate of 126 hotels and inns, according to information provided by Macao Government Tourism Office (MGTO) to GGRAsia. The Macau government is still studying how to tackle unauthorised money exchange activities, frequently observed on the city’s casino floors or their surroundings, and commonly interrupted by the authorities. Lvmama is. Why: To provide the gaming industry with up-to-date news and information. 1 percent from the comparable 2022 period. The Macau government’s proposed rejig of gambling-credit law is unlikely to have much impact on the city’s existing satellite casinos, said Hoffman Ma Ho Man, one of the bosses of Macau gaming resort Ponte 16, in comments to GGRAsia. The remarks. 25 billion. The firm stated this was based on its “outstanding performance in environmental, social and governance (ESG)” matters. 8 percent from the prior-year period. Macau’s Secretary for Economy and Finance, Lei Wai Nong (pictured, centre), has urged the city’s gaming operators to increase staff salaries in 2024, if the companies have the “conditions” to do so. Kangwon Land Inc, controller of Kangwon Land, South Korea’s only resort complex to offer a casino open to locals, has been assessed for a total of KRW3. Meaning of grasia. 3 percent month-on-month in October, to KRW19. Under the updated regulatory framework. GGRAsia – Japan Japan JCM half-year gaming sales down nearly 8pct y-o-y Nov 13, 2023 Newsdesk Japan, Latest News, Top of the deck Japan Cash Machine Co Ltd, also known as JCM Global, reported a net profit of. The acquisition of a section of Aruze Gaming’s ETG assets helps Interblock to enlarge its presence in Asia Pacific, remarked Mr Hu to GGRAsia. GGRAsia approached Las Vegas Sands regarding the reportedly-commissioned new probe. Gambling & Gaming · China · <25 Employees. A total of 87 out of an aggregate 171 casino-licence applications had resulted in renewal as of October 10, said Ros Phirun, secretary general at the Commercial Gambling Management Commission of Cambodia, in recent comments to GGRAsiaMacau May GGR set for new post-Covid peak: brokerage. 5 million), versus a HKD1. Set in a town in the American Wild West, the game features symbols including bottles and sheriff badges appearing on the game grid. Such revenue was up 374. Lotte Tour first quarterly profit since Dream Tower launch. Nov 10, 2023 Newsdesk Latest News, Top of the deck, World. Dividend restart still far for Macau ops: JP Morgan. Jeju Sun’s operation has been paused since March 21, 2020. So says Jerry Hu (pictured), regional business development manager for land-based gaming at Jumbo. “This was a result of three years of cash burn amid. Hong Kong-listed International Entertainment Corp says it will have to invest between US$1. Nov 14, 2023 Newsdesk Latest News, Macau, Top of the deck. 6 percent in September, said the city’s Statistics and Census Service in a Tuesday statement. Casino operator Genting Singapore Ltd reported generated third-quarter revenue of just below SGD690. Melco Resorts’ costs are put at 105 percent to 107 percent of 2019. The City of Dreams Mediterranean casino resort, developed by Melco Resorts and Entertainment Ltd with local partners in the Republic of Cyprus, will have a soft launch for “hotel and invited guests” from June 12, followed by its opening to the general public on July 10, said Melco Resorts in a Friday press release. The documents were filed via the same database that showed three other major junket brand names serving mainland customers – “Tak Chun”, “Guangdong Club. Malaysia-based casino electronic games and services supplier RGB International Bhd is on track to achieve in 2023 an annual record of “4,000-gaming machines” sold, with the Philippines leading the way in Asia, said its vice president of sales support and marketing, Chuah Eng Meng. “This looks like another step” in the “direction,” of firmer control he added, referring to the proxy gambling. 2 days ago · Macau gaming operator says it has raised the annual cap set for transportation, logistics and technical services provided by its parent company, U. But the government has already discounted tackling it via. GEN Singapore 3Q profit up, pledges US$5bln investment. 8 million, from US$8. GGRAsia understands from sources that Melco Resorts also has foreigner-only gambling space at its wholly-owned Macau flagship City of Dreams, also on Cotai. e, before the property opened – and chairman of that entity since 2015. Acquiring VIP and premium-mass gamblers from outside China is a priority for Asia Pacific casino operators, say several industry marketing specialists spoken to by GGRAsia. The institution added that fourth-quarter performance in mass-market casino GGR was on course for 12 percent growth sequentially, “well above historical seasonality of +5 percent,” which the brokerage said was the average quarter-on-quarter uptick during the period 2014 to 2019. According to one of them, the policy may persist into next year, with the potential for continued impact on Macau’s casino sector. “The strength in our business has continued in the fourth quarter with mass drop in October, 24 percent above October 2019, 98 percent hotel occupancy, and healthy tenant retail sales,” said the group CEO on the parent’s earnings. Andrew Lee, an analyst at brokerage Jefferies Hong Kong Ltd, said in a Wednesday note, that MGM China’s “monthly market share increased to 15. “The buyer has failed to pay the remaining balance of the purchase price of US$22. GGRAsia has also approached the other large-scale casino resorts in Metro Manila, asking them to confirm that gaming is among suspended operations. “The process will look to review and assess all strategic alternatives which could assist the company in maximising shareholder value. That is according to data released on Monday by the country’s casino regulator, the Philippine Amusement and Gaming Corp (Pagcor). Non-China VIPs key target for Asia casinos: marketers. 3. Macau is to have 11 so-called satellite casinos that will continue to operate under the new 10-year gaming concessions starting from January 1, 2023, compared to 18 satellite casinos that were in the market as of June-end this year, a decrease of 38. Those properties had previously been permitted to run limited gaming operations with social-distancing measures in place, albeit only during more relaxed phases of quarantine. The Macau government forecasts the city’s 2024 “income” from casino gaming will be “MOP200 billion” (US$24. MGM China 3Q net revenue up 10pct q-o-q, to US$813mln. Paul Baker has stepped down as president of Macau casino resort Grand Lisboa Palace, being currently on so-called ‘gardening leave’ until early December, GGRAsia has learnt. net dictionary. Thursday’s announcement confirmed the start of prepartory work on the project site,. Gaming Laboratories International, LLC. “This implies that last week’s run-rate has. GGRAsia asked Mr Kelley about Friday’s market-wide stock price correction, which saw Galaxy Entertainment shares down 6. 6 percent compared to only PHP96. Mr Gautreaux was described as. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck. To get the day’s top headlines delivered to your inbox every morning, sign up for our 5 Things newsletter. The property had a formal launch in July, with what the. Read More Pragmatic Play explores the Wild West with new game title Nov 17, 2023 Newsdesk iGaming, Latest News Pragmatic Play Ltd, a content provider to the iGaming industry, has launched its latest game title, called “The Wild Gang”. 30 million tourists, down 28. 9 percent of the nearly 3. ”. Pagcor chair, ex-chair, others face charges in E-sabong case. 15pm,. 7 percent sequentially to US$812. Casino slot machine maker and digital games provider Aristocrat Leisure Ltd opened on Tuesday what it called “the first dedicated gaming showroom” in the Philippines. Nov 15, 2022 Newsdesk Latest News, Macau, Top of the deck. The Macau government has set up what it calls a “referral mechanism” to help local associations liaise with the city’s casino operators on potential non-gaming projects related either to culture or sports. Find out about the earnings, workforce, tax revenue, AML and gaming equipment of the region's casinos and operators. 57 billion (US$1. But he added that because such actions were tantamount to what he termed “illicit currency swaps [exchange]” – it should be looked at instead. The announcement to the Philippine. The City of Dreams (CoD) Mediterranean casino resort (pictured) in the Republic of Cyprus has made 130 employees redundant, and opted not to extend the engagement of 51 probationary staff, the property’s promoter Melco Resorts & Entertainment Ltd has confirmed to GGRAsia. Genting Singapore is the promoter of the Resorts World Sentosa casino complex (pictured) in Singapore. 5 percent – from 14. 58 million sq. The chairman of Hong Kong-listed Cambodian casino operator NagaCorp Ltd has told GGRAsia the firm is “pleased” that a “a reasonable approach continues with the new law” on casino gaming in that country, with regard to taxation. 50-billion revolving credit agreement. Nov 08, 2023 Newsdesk Latest News, Trends & Tech. Jeju, a semi-autonomous island in South Korea with foreigner-only casinos, should contemplate permitting a new integrated resort (IR) with casino in the coastal location of Jungmun (pictured), to coincide with the launch of a second civil airport on Jeju if the latter scheme goes ahead. The new rules – announced on Friday – appear to leave open the possibility of. The conclusion was based on data the company compiled for a report it produced detailing the key trends that will shape the online gaming sector in the coming year. The project company CEO explained to GGRAsia: “The request for a revision in the completion date was submitted due to the impact of Covid[-19] in Vietnam during the period from 2020 to 2022. GGRAsia asked Mr Kelley about Friday’s market-wide stock price correction, which saw Galaxy Entertainment shares down 6. Singapore is to introduce a specific offence of “proxy gambling” as part of its new Gambling Control Bill, a piece of legislation that is designed also to consolidate existing betting-related laws for the city-state. The parent of the Jeju Dream Tower casino resort (pictured), on the South Korean holiday island of Jeju, reported net profit of at least KRW300 million (US$226,760) in the three months to September 30, the first quarterly group profit since Jeju Dream Tower’s opening in. It did not specify when she was appointed. 05 billion, with industry-wide net profit at US$2. According to information collated by GGRAsia’s Japan correspondent, the verification of the signatures gathered could take a month. The company’s EBITDA might reach HKD6. GGRAsia takes its name from a phrase instantly recognisable to the casino investment community - 'gross gaming revenue'. In the gaming supplier segment, a leading veteran of the casino technology sector – who asked not to be identified by name – expressed “surprise” to GGRAsia at the continued aggressive expansion in 2017 – via acquisition – of Scientific Games Corp, a specialist in casino gaming machines and systems and lottery equipment and services. Macao Government Tourism Office (MGTO) has confirmed to GGRAsia it has has been working with a number of major mainland online travel agencies to promote Macau-Hengqin tours aimed at families. 8 billion), said on Friday the city’s Chief Executive (CE), Ho Iat Seng. This marked the second consecutive quarter of growth. “We now expect the region’s fourth-quarter mass GGR will be equal to its levels in the fourth quarter of 2019,” said the ratings agency. 7-percent increase from a year ago. Mar 23, 2023 Newsdesk Latest News, Top of the deck, World. Ed Bowers, president and chief executive of MGM Resorts Japan LLC, is to give the. Carlos Coelho, a lawyer and partner at Macau law firm MdME, told GGRAsia the criminalisation of illicit exchange of currency specifically for the purposes of gambling is “doable” within the framework of a new law on illicit gambling, mentioned in the city government’s 2023 policy address. It is the latest iteration of the firm’s “Jin Ji Bao Xi” game series, and is launching with the “Tiger” and “Phoenix. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. Singapore’s Gambling Control Bill had a first reading in the country’s parliament on Monday. When: Launched in May, 2014. Nov Macau premium mass average bet circa US$2. Macau casino operator Galaxy Entertainment Group Ltd says it is “not considering re-entering Boracay,” in the Philippines, “to develop a resort” there. But China’s State Council has this year designated April 29 to May 3 inclusive, as a holiday period on the Chinese mainland. Brokerage China International Capital Corporation (CICC) Hong Kong Securities Ltd says the cost of excess headcount at Macau casino operator SJM Holdings Ltd has declined by 12. Resorts World Cruises, a casino cruise brand set up last year by Malaysia’s Lim family shortly after the liquidation of former casino cruise operator Genting Hong Kong Ltd, is to run cruises to the. 4bln in year to Oct. “We now expect the region’s fourth-quarter mass GGR will be equal to its levels in the fourth quarter of 2019,” said the ratings agency. GGRAsia approached Galaxy Entertainment for comment on the report, but had not received a reply by the time this story went online. Macau recorded casino gross gaming revenue (GGR) of MOP15. There had been 18 satellite casinos in the market as of June-end 2022, so venue-wise the sector has shrunk by circa 40 percent. The brokerage forecasts approximately MOP750 million (US$93. Macau 20mln visitors in year to Sept, 4. LT Game Ltd, a Macau-based provider of electronic gaming equipment and management technology for casinos, has appointed Eddie Au Hon Man as chief operating officer (COO). 9 points out of a possible 1,000, with 600 points being the threshold for acceptance, according to information from the Japan Tourism Agency collated by GGRAsia’s Japan correspondent. Singapore FY2022-23 casino-levy take above pre-Covid. GGRAsia has approached Galaxy Entertainment seeking comment on the addition of a junket at Galaxy Macau, and asking if more junkets would also be hosted at Yinzuan Club. Citigroup says its Macau-market observations indicate an average premium-mass wager per player in November, of HKD22,251 (about US$2,855), a 37-percent increase when compared to its checks in the same month in 2019. The cited request comes as the city fights its most serious Covid-19 outbreak since the pandemic began in early 2020. Macau’s 2023 tourist-arrival tally is likely to be “over 27 million”, said the Macao Government Tourism Office (MGTO) in a Wednesday email in response. Pax volume 66pct of 2019 Golden Week says Macau airport. But local gaming scholar Wang Changbin said, in comments to GGRAsia, that China shows no sign of easing its “dynamic zero-Covid” policy regarding community management of Covid-19 infection risk, and it may persist into next year. GGRAsia – Japan Japan JCM half-year gaming sales down nearly 8pct y-o-y Nov 13, 2023 Newsdesk Japan, Latest News, Top of the deck Japan Cash Machine Co Ltd, also known as JCM Global, reported a net profit of JPY1. FBM Digital Systems, known as FBMDS and part of gaming equipment supplier FBM, says it has a new game with a Halloween-season theme, called “Champion Tales Crash-O-Ween”. 0 percent from 2019 levels, at just below US$1. 33 billion) in fiscal revenue from taxes on gaming in the first half of this year, according to the latest available data, released on Thursday by the city’s Financial Services Bureau. The conclusion was based on data the company compiled for a report it produced detailing the key trends that will shape the online gaming sector in the coming year. “This suggests the reopening recovery is still ongoing. The new offering is scheduled to go live next month. “The redemption is conditioned on IGT’s receipt of sufficient proceeds under its. Sep 14, 2023 Newsdesk Latest News, Macau, Top of the deck. But the same report said that while some emirates might move forward with developing a casino. Casino equipment and online games provider Light & Wonder Inc (L&W) reported revenue of US$731 million for the third quarter of 2023, up 12. That is according to Craig Billings, group chief executive of Wynn Resorts Ltd, the parent of Wynn Macau Ltd. International casino operator Las Vegas Sands Corp says it has amended with banking partners certain term loans regarding a US$1. 00 billion (US$3. The. Philippine real estate businessman Manuel Villar (pictured in a file photo), listed this year as the second richest Filipino by Forbes magazine, plans to launch a new casino resort complex in the country’s capital, Manila, in 2023. 6 percent from the comparable 2022 period. ” Mr McNally did not give details of how many members of the public visited for the reopening. Operating income of US$52. Nov 14, 2023 Newsdesk Latest News, Macau, MGS Entertainment Show, Top of the deck. The existence of the service was independently verified by GGRAsia, after checks of publicly. Casino games maker Paradise Entertainment Ltd is looking to Southeast Asian markets for placement of its LT Game-branded slot machine products, said the firm’s co-chairman and managing director Jay Chun, in an interview with GGRAsia. 55 billion in 2021. A spokesperson for Suncity indicated such a topic was a private matter for Mr Chau, rather than for Suncity Group. Macau casino GGR US$348mln for Nov 1 to 5: JP Morgan November 6, 2023; SJM Holdings, Melco group outlooks now stable: Moody’s November 17, 2023 Macau 3Q GDP more than doubles as gaming exports soar November 17, 2023; Macau gaming tax revenue tops US$6. 2 days ago · Macau’s Secretary for Economy and Finance, Lei Wai Nong (pictured, centre), has urged the city’s gaming operators to increase staff salaries in 2024, if the companies have the “conditions” to do so. Macau tender bidders told to up spending proposals, says CS. 85 billion (US$1. A memo seen by GGRAsia issued by Macau casino operator Sands China Ltd, said that staff and clients could choose whether or not to mask from Monday onward. “In this market, you. 42 billion), said on Wednesday the local regulator, the Gaming Inspection and Coordination Bureau. 34 billion in the second quarter this year, accounting for a share of nearly 73. 29). Macau recorded nearly 2. 9k: Citi. Hann Casino says taps underserved Manila rich, foreigners. Sep 28, 2023 Newsdesk Latest News, Philippines, Top of the deck. Most of the new supply already being built will be on Cotai, where two new hotels, offering 2,808 rooms in aggregate, are being developed. Quarterly net revenues at Macau casino operator MGM China Holdings Ltd rose by 9. Market-wide casino gross gaming revenue (GGR) in Macau reached MOP12. Ian Hughes, chief commercial officer for Gaming Laboratories International LLC (GLI), has highlighted the significance of testing services for products utilising artificial intelligence (AI) within the gaming industry as a key component of the company’s growth strategy. Melco Resorts’ total debt stood at US$7. 49 billion) in the first 24 days of September, or a daily run-rate of MOP500 million, according to estimates from JP Morgan Securities (Asia Pacific) Ltd. The Macau government collected MOP51. Oct 07, 2022 Newsdesk Latest News, Macau, Top of the deck. 5 percent sequentially in. SOFTSWISS Sportsbook saw a 438-percent year-on-year rise in the number of bets in the third quarter, and gross gaming revenue (GGR) up 523 percent from the prior-year period. Resorts World Manila is rebranding as “Newport World Resorts” (pictured) from Wednesday (July 20), the management of the Philippine gaming and leisure complex said in a press release that day. According to figures provided to GGRAsia, Primorsky received 626,044 foreign visitors in the first nine months of 2018, up 21. No draft of such a proposed law has yet been. ”. The investment pledge is part of an agreement with the country’s gaming. The first phase of a multibillion-U. The third-quarter VIP gambling business for Genting Singapore Ltd, operator of Resorts World Sentosa (RWS), half of Singapore’s casino duopoly, was “surprisingly solid”, with its rolling chip volumes “jumping” 62 percent quarter-on-quarter to approximately 130 percent of. A total of 143 casinos in Cambodia have submitted their annual licensing application to the country’s gaming regulator. The United Arab Emirates in the Middle East is considering granting a casino licence to each of its seven constituent emirates, reported Bloomberg, citing a person said to be familiar with the matter. “Latin America. 55 billion (US$6. 93 billion) in May, up 5. 0 million for 2025. Official Chinese media outlets, including People’s Daily and. Casino regulator the Philippine Amusement and Gaming Corp (Pagcor) has confirmed to GGRAsia that some casino resorts in that country have been allowed to reopen “limited to a maximum of 30 percent capacity” and with strict health countermeasures against Covid-19. Construction of the Gold Coast Entertainment City project is near completion, said Mr Villar in a group. Macau recorded a total of 17. 5 million inbound and outbound passenger trips this year. Even in the so-called ‘grind’ or ‘base’ mass segment, minimum bets were sometimes as high as HKD3,000 (US$382. Nov 13, 2023 Newsdesk Latest News, Singapore, Top of the deck. 8 million, Sands China stated in a filing to the Hong. ”Non-China VIPs key target for Asia casinos: marketers. 17), with the lowest bets there still in the hundreds of Hong Kong dollars. 6 million visitor arrivals for the first eight months of this year, according to the city’s Secretary for Economy and Finance, Lei Wai Nong, in comments to reporters on Wednesday. Jeffrey Kiang, an analyst at brokerage CLSA Ltd, said in response to an enquiry for GGRAsia regarding autumn Golden Week “…the MOP643-million [US$79. Mainland China-Jeju charter flight again after 7 years. The official – who oversees the tourism and gaming sectors – declined. 29 billion), to JPY1. Macau’s casino gross gaming revenue (GGR) stood at MOP11. The body does not provide. Mr Ho, of Macao Polytechnic University, contributed to a recently-published academic article in Gaming Law Review, on the current status of Macau’s junkets under. The October result took Singapore’s visitor aggregate for the first ten months of this year, to 11. He has been chief executive of the venue’s operating unit, Resorts World at Sentosa Pte Ltd, since 2007 – i. Andaz Macau full room inventory by CNY 2024: CBRE. 7 billion (US$13. Morgan Stanley now expects Macau’s gaming industry EBITDA to reach nearly US$6. 8-million] per day of GGR in 2023’s May [Labour Day] Golden Week could serve as a good starting point for previewing into the October one. The new club, with an area of 2,600 square meters (27,986 sq feet) and located at the complex’s Pearl. Macau’s casino gross gaming revenue (GGR) for the first eight days of October is estimated at MOP6. Casino sales rose 38. Ed Bowers, president and chief executive of MGM Resorts Japan LLC, is to give. In the banking institution’s survey for the month,. That was well above the circa 146,500 signatures – or 2 percent of the local electorate – required to trigger a requirement for Osaka’s governor to move to the next step along the path to a referendum. “Players must make winning combinations. A veteran promoter of VIP gaming in Macau has confirmed to GGRAsia that “for about six months” he has again been involved in such a business arrangement: in this case with Macau gaming concessionaire MGM China. The casino at Corona Resort and Casino, on Phu Quoc island, is to open on Saturday, confirmed to GGRAsia the entity managing gaming at the venue. 9 billion. 55 billion. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. Nov 07, 2023 Newsdesk Latest News, Singapore, Top of the deck. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning,. - based casino operator and hospitality business Hard Rock International Inc has previously confirmed its interest in developing a casino at the beach resort. Macau’s gross domestic product (GDP) could soar by up to 44. 3 percent of Macau’s casino GGR in the period. The foreigner-gambling area in the Cotai resort is located in “Dragon Pavilion”, a premium gaming area within the. 18 billion), or a daily run-rate of MOP527 million. Fitch Ratings Inc forecasts Macau’s economy will “rebound sharply,” by as much as 65 percent this year, exceeding by 19 percentage points a 2023 recovery estimate the institution made for the city in December 2022, before the relaxation of travel restrictions linked to the Covid-19. The institution announced on October 26 an “off-cycle” 25 basis points rate hike, raising its benchmark interest rate to 6. Mr Wu, of Macau Travel Industry Council, told GGRAsia he was still hopeful regarding the prospects for easing Covid-19 testing rules for visitors from mainland China ahead of the National Day break. GGRAsia approached Suncity Group on Friday, seeking comment on that report by The Age. in alphabetical order— adds its own flair and style to these game mechanics. 3 million), estimates a Monday note from brokerage Sanford C. GGRAsia is a website and newsletter about the Asian sector of the casino industry. Based on GGRAsia’s observations, baccarat as usual was the Macau customers’ favoured game. Betty Zhao (pictured), a prominent figure in the Asia-Pacific gaming equipment supplier sector, has been appointed senior vice president (SVP) of international operations at Aruze Gaming Global, the latter said in a Wednesday statement. 6 percent month-on-month, at just over MOP19. 6 million) at the Jeju Dream Tower resort in South Korea, said its promoter Lotte Tour Development Co Ltd in a Wednesday filing to the Korea Exchange. Third-quarter net income attributable to gaming equipment maker and content provider International Game Technology Plc (IGT) fell 64. Macau recorded over 7. The announcement of Vietnam’s cooperation with China on security-enforcement issues, including against organisation of “cross-border” gambling, could be with an eye to boosting general tourism from neighbouring China when the latter nation eases pandemic-related constraints on outbound foreign travel, says Michael Zhu, a consultant. GGRAsia asked the gaming bureau via a follow-up enquiry, whether: the regulator had received any complaints regarding the perceived safety of casino chip attribution system technology – also known in the industry as CCAS; whether the bureau had discussed such a matter with the casino operators; and whether there was the. Lance Gautreaux is the new chief casino officer of Philippine gaming and leisure complex Newport World Resorts. An industry consultant has suggested to GGRAsia that the reasoning for keeping Macau’s casinos open amid the ongoing Covid-19 crisis is now “social” – i. 4bln in year to Oct. 4 percent year-on-year, to HKD410 million (US$52. The 15 percent figure was understood to be a reference to share of Macau casino gross gaming revenue (GGR). The latest monthly tally was up 365. So far this year, only 13 licences have been issued, Ros Phirun, Secretary General at the Commercial Gambling Management Commission of Cambodia, told GGRAsia. Cloee Chao Sao Fong, head of local gaming labour activist group New Macau Gaming Staff Rights Association, told GGRAsia: “As far as we know, all casinos allow their table game staff. The data revealed that the number of. We have had “numerous” approaches. JP Morgan estimated last week’s Macau GGR was about MOP400 million (US$50 million) per day, which its. Resorts World Cruises drops Okinawa-Sanya for SE Asia ports. He told GGRAsia: “Osaka, Wakayama and Nagasaki and their IR partners will each have to earn national approvals for their IR development plans. Casino junket operators in Macau will each have to pay a guarantee of MOP1. Some political voices in Thailand that favour legalising bricks-and-mortar casinos stop short of supporting the legalisation of online gambling. February GGR fell by 10. Daesik Han, president and chief executive of Hann Resorts, the master brand of Hann Casino and Hann Reserve leisure schemes at Clark in the Philippines, has told GGRAsia he is “optimistic” about the business outlook for 2023. Acquiring VIP and premium-mass gamblers from outside China is a priority for Asia Pacific casino operators, say several industry marketing specialists spoken to by GGRAsia. Macau has fallen to third spot regionally in terms of gross gaming revenue (GGR) in the three months to September 30, behind Singapore and the Philippines, according to figures compiled by GGRAsia. So said several commentators in remarks to GGRAsia. 5 percent at HKD41. “It was really at the end of 2021 where we got the company to endorse our growth strategy in Asia,” as a whole, he. Macau average daily gross gaming revenue (GGR) continued in the third week of February to be higher than the January average, the latter month the period of Chinese New Year, says JP Morgan Securities (Asia Pacific) Ltd. Money laundering and misconduct at casinos has renewed the global scrutiny of anti-money laundering and counter-terrorism financing (AML/CTF) compliance. EBITDA for the latest reporting period stood at just above AUD5. 5 million), or circa MOP830 million a day, said JP Morgan Securities (Asia Pacific) Ltd in a Monday memo, citing its industry checks.