“The process will look to review and assess all strategic alternatives which could assist the company in maximising shareholder value. 21 billion, which was the best. Las Vegas Sands is also the parent of Macau casino operator Sands China Ltd. 5 million), suggested Citigroup Inc in a Monday memo, citing industry sources. Ed Bowers, president and chief executive of MGM Resorts Japan LLC, is to give the. Mar 16, 2022 Newsdesk Industry Talk, Latest News. Philippine casino biz at pre-crisis by 2022: Domingo. The operator’s executive committee chairman Simon Chan Weng Hong, said in recent remarks to GGRAsia, the airport was forecast to handle up to 4. feet) -capacity Fira de Barcelona, from January 20 to 22, 2025. 28 billion) but was up 33. Nov 04, 2022 Newsdesk Latest News, Macau, Top of the deck. “If the visitor traffic from Hong Kong can resume normal levels by the third quarter next year, I think the Macau government’s estimates of the city receiving 14 million tourist arrivals from both the mainland and Hong Kong is still realistic,” Mr Wu told GGRAsia. 8 million, Sands China stated in a filing to the Hong. Pagcor chair, ex-chair, others face charges in E-sabong case. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. 0 percent from 2019 levels, at just below US$1. 3 percent of Macau’s casino GGR in the period. The authorities in Japan’s Nagasaki prefecture have told GGRAsia they have no information yet on the timing of the national government’s decision regarding their application to host an integrated resort (IR) with casino. Mohegan Inspire Entertainment Resort, a complex at Incheon, South Korea, is to have a “soft opening” next Thursday, November 30, announced its promoter, the Mohegan Tribal Gaming Authority. So far this year, only 13 licences have been issued, Ros Phirun, Secretary General at the Commercial Gambling Management Commission of Cambodia, told GGRAsia. 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. AI test work integral to growth strategy at GLI: Ian Hughes. Definition of grasia in the Definitions. We additionally asked Suncity Group if it had been approached by the ACIC regarding any matters under investigation by the latter. The firm said that was “contrary to some recent media reports”. Macau recorded over 7. 55 billion (US$769 million) in full-year 2025. Macau has 11 satellite casinos that continued to operate under the new 10-year gaming concessions that started on January 1. Read More Guangdong court in reminder on ‘cross-border’ bet crime. That would be circa 8 percent higher than a 25-million figure mentioned by MGTO director Maria Helena de. Nov 10, 2023 Newsdesk iGaming, Latest News. The W Macau hotel tower at Studio City Phase 2 (pictured in a rendering) in Macau is due to open in September, says Lawrence Ho Yau Lung, chairman and chief executive of Melco Resorts & Entertainment Ltd. Read MorePhilippines 3Q industry GGR US$1. The operator of casino complex Newport World Resorts, in the Philippine capital Manila, is set to expand operations under its Philippine Inland Gaming Operator (PIGO) licence, with the addition of live table games, the property’s chief operating officer, Hakan Dagtas, told GGRAsia. 6 million, and the deal is expected to close. 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). 0 million for 2024; and HKD38. 26 billion (US$27. 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. 65 billion (US$824. The MGM China group added that it would be entitled to receive reimbursement from MGM Resorts regarding the costs of the marketing offices, based on the referrals made to the parent’s properties. It nonetheless expects a fiscal deficit for 2023, with aggregate income – including from a. The city’s market-wide mass GGR “is recovering faster” than the ratings institution had forecast, added the memo. 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. Macau’s October casino gross gaming revenue (GGR) was up 30. 94 billion (US$1. Litigation by 26 Capital It was announced last month that 26 Capital was suing Tiger Resort, Leisure and Entertainment – the promoter of the Okada Manila casino resort – urging the prompt. GGRAsia. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. Macau’s tourism industry is currently preparing package tour products aimed at overseas markets that already have direct flights to the city, namely South Korea, Japan, Malaysia, Singapore and the. It took Macau’s GGR for the nine months to September 30 to about MOP128. The latest data took the casino GGR tally industry-wide for full-year 2022 to just above PHP184. The figure represented. Operating income of US$52. 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. 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 Holdings Ltd at. The Hoiana casino resort complex (pictured) in Hoi An, Vietnam, had an “accumulated loss” amounting to VND5. An upper court in Guangdong, mainland China, has issued a press release citing what it termed “seven classic cases” about “combatting cross-border gambling crimes”, that had been heard in the. The cap for the year ending December 31 has been raised to US$10. e, before the property opened – and chairman of that entity since 2015. “We are pleased the new gaming legislation has passed,” said Tim McNally, referring to a statute known as. Apr 17, 2023 Newsdesk Latest News, Macau, Top of the deck. 0 million (US$507. (Updated 6. 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. The Macau government estimates the city’s 2023 casino gross gaming revenue (GGR) will be MOP130 billion (US$16. Even in the so-called ‘grind’ or ‘base’ mass segment, minimum bets were sometimes as high as HKD3,000 (US$382. Specific to GGRAsia readers, we are at the forefront, working alongside legislators and regulators throughout the Asia-Pacific region. A Macau court has sentenced Alvin Chau Cheok Wa (pictured in a file photo), former boss of now-defunct Macau casino junket Suncity Group Ltd, to 18 years in prison in aggregate. SJM excess labour costs down 12pct q-o-q: brokerage. 3 percent from the comparable 2022 period. 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. Mr Baker had been in post since October 2018, and was involved in the property’s launch, which took place. That was because it came amid the backdrop of already-challenging trading. Macau casino operator Galaxy Entertainment Group Ltd says it is “not considering re-entering Boracay,” in the Philippines, “to develop a resort” there. By 2020 the operator will have made an aggegrate capital investment of US$500 million in the property since 2008, said Han Daesik (pictured), president and chief executive of Widus International Leisure Inc, in an interview with GGRAsia. “The buyer has failed to pay the remaining balance of the purchase price of US$22. 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. Each slot-maker also continues to change the landscape of casinos through. 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. The break is sometimes referred to by investment. 1 percentage points year-on-year, showed the data. The aggregate amount is US$107. 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. 9 percent from the prior-year period, said the country’s gaming regulator. 4bln in year to Oct. 15pm, Feb 17) A few junkets still active in Macau: industry veteran. 10 billion (US$1. Such redundant payroll stood at HKD148. 8 million, from US$8. 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. Macau tender bidders told to up spending proposals, says CS. Mr McNally told GGRAsia: “We have already acknowledged the prior concerns expressed by UNESCO. 3 million), estimates a Monday note from brokerage Sanford C. Oct 10, 2023 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck . GGRAsia asked NagaCorp’s Mr McNally whether the group was concerned about the level of competition it might face – particularly for VIP business at Primorye – now that the Suncity brand was a casino investor there in its own right, rather than just a partner for other operators. When: Launched in May, 2014. The current GGR forecast of MOP130 billion (US$16 billion) for full-year 2022. . 3 percent in the three months to September 30, compared to 29. 0 million for 2024; and HKD38. GEN Singapore 3Q profit up, pledges US$5bln investment. Macau junket investor Suncity Group has confirmed to GGRAsia on Friday that it was preparing the launch of new VIP gaming clubs at two separate Cotai casino resorts, respectively the Londoner Macao and Grand Lisboa Palace. Nov 08, 2023 Newsdesk Latest News, Trends & Tech. 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. 57 billion (US$1. 6 billion. A revised “Osaka IR District Development. DigiPlus Interactive Corp, formerly known as Leisure and Resorts World Corp, said in a Tuesday statement it had “no imminent plans to pursue the development of its 24-hectare [59. The COO said that in general what he termed “big” participants in markets liked to “to try and create some updraughts, downdraughts in order to favour their own positions”. 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. feminine noun. The venue is the only property in the country allowed to. 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. The first tourism-related chartered passenger flight in seven years from mainland China to the South Korean holiday destination of Jeju Island, was welcomed on the first weekend of this month. Moody’s estimates that Macau’s market-wide mass-segment GGR will return this year “to about 85 percent” of the 2019 level, and “fully recover in 2024, driven by premium mass customers”. 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. 55 billion (US$6. The figure compared with an August GGR result of MOP17. “The redemption is conditioned on IGT’s receipt of sufficient proceeds under its. Nov 24, 2023 . GGRAsia is a website and newsletter about the Asian sector of the casino industry. Up to seven UAE casino licences possible: report. Dec 17, 2022 Newsdesk Latest News, Macau, Top of the deck. 6-million deal to sell a plot of land in Hokkaido, Japan, has been terminated. The management clarified, in response to an enquiry from GGRAsia, there was “status quo” in terms of Genting Hong Kong Ltd being “partners in. The banking institution added it was maintaining its November full-month GGR forecast at. “Latin America. Labour Day proper, is May 1. Technology that seeks to help identify a person from the way they walk, was one topic of discussion during a “Safety and Security” strand of the casino industry’s Global Gaming Expo (G2E) Asia Online Conference 2020, moderated by GGRAsia on Wednesday. That is according to data released on Monday by the country’s casino regulator, the Philippine Amusement and Gaming Corp (Pagcor). 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. But China’s State Council has this year designated April 29 to May 3 inclusive, as a holiday period on the Chinese mainland. 90 billion. Macau casino GGR softened in early Nov: analysts. The Office of the Ombudsman in the Philippines has had submitted to it some charges against the chairman of the Philippine Amusement and Gaming Corp (Pagcor) and nine other individuals, concerning allegedly-illegal release and disappearance of funds totalling PHP75 million (US$1. In the banking institution’s survey for the month,. “I have been studying listing my company on the stock market for over a year,” Mr Han stated. Nov 24, 2023 Newsdesk Latest News, Philippines, Top of the deck . Mohegan Inspire Entertainment Resort, a complex at Incheon, South Korea, is to have a “soft opening” next Thursday, November 30, announced its promoter, the Mohegan Tribal Gaming Authority. That would be before the national government has published its so-called basic policy on IRs, a milestone likely in the first quarter 2020. Under the new amendment, in scenarios where the setting up of a mainland casino has “grave consequences”, there is a prison penalty of “more than five years, and up to 10 years, along with a fine”. 7 percent. 5 million), versus a HKD1. Fitch tips Macau economic rebound at 65pct this year. 50-billion revolving credit agreement. The venue – part of the firm’s new offices – is located in Pasay City, Manila, close to the private-sector casino resorts at Entertainment City. The Wakayama prefectural government has been active in pursuing the opportunity to host a casino resort. Paradise Co Ltd, an operator of foreigner-only casinos in South Korea, reported net profit attributable to shareholders of KRW35. Gambling & Gaming · China · <25 Employees. 2 days ago · Gaming software and services provider SOFTSWISS says the Asia-Pacific (APAC) region “offers a substantial opportunity” for the iGaming industry in 2024. Macau’s casino gross gaming revenue (GGR) stood at MOP11. 6 percent more than the level of PHP96. A Thursday release on behalf of W Hotels – a marque of hotel conglomerate Marriott International Inc – had said W Macau was “slated to open on September 8” at Studio City, a Macau casino resort property majority-owned by global gaming operator Melco Resorts and Entertainment Ltd. [1] They are typically found in shady crevices of calcareous rocks at altitudes of 1,000–3,600 metres (3,300–11,800 ft). Such reimbursements are capped at HKD24. The Philippine casino sector produced gross gaming revenue (GGR) of PHP56. 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. Galaxy Ent ‘not considering re-entering Boracay’. Singapore FY2022-23 casino-levy take above pre-Covid. 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. 85 billion (US$1. No draft of such a proposed law has yet been. GEN Singapore 3Q profit up, pledges US$5bln investment. The reporting quarter is also the company’s first quarter of fiscal year 2024. Macau’s September casino gross gaming revenue (GGR) fell by 13. ”. The property (pictured in. The Philippines might see business recover to pre-Covid-19 levels in its licensed gambling sector – in particular its casinos – by the latter part of 2022, assuming the country’s travel rules for inbound foreign tourists were eased by then, said Andrea Domingo (pictured in a file. 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. The October result took Singapore’s visitor aggregate for the first ten months of this year, to 11. Macau gaming tax revenue tops US$6. The proportion of Macau visitors in October this year. 4bln in year to Oct. 4 percent from the prior-year period. The title presents players with symbols including bears, cougars, and wolves on a 5 x 5 grid. L&W posts US$731mln 3Q rev, says gaming sales robust. To get the day’s top headlines delivered to your inbox every morning, sign up for our 5 Things newsletter. A data bank containing details including names, telephone numbers and email addresses for 665,000 shoppers at the Marina Bay Sands (MBS) casino resort (pictured) was last month breached and accessed by people. Hoiana, a resort with a foreigner-only casino,near Hoi An in Quang Nam province, and in which Hong Kong-listed Suncity Group Holdings Ltd has an investment, told GGRAsia last week that it would be one of the tourism destinations able to welcome guests from overseas as part of the “vaccine passport programme”. It expects Wynn Macau Ltd’s costs to be 100 percent to 105 percent of 2019’s. The government wants the integrated resorts [IR] to feed tourists to the local communities. The event is scheduled to take place in Singapore, from August 24 to 26. That is according to data released on Wednesday by the local regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ. Separately, a spokesperson for City of Dreams Manila said in an emailed reply to our enquiry: “Suncity ceased operations at City of Dreams Manila at the end of the first. ” Door still. For other cases, such penalties range from up to five years in prison, plus a fine; to a “controlled release along with a fine”. The authorities in the Japanese metropolis of Osaka had confirmed earlier this month that the planned timetable for opening an IR (pictured in an artist’s rendering) had been delayed by one year, and that the initial investment cost would rise by JPY190 billion (US$1. 4 percent year-on-year in calendar year 2019. Vietnam has the potential to be a regional hub for VIP casino gambling, thanks to low operating costs and other favourable conditions, say several industry experts in comments to GGRAsia. 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. A number of commentators spoken to by GGRAsia indicated that public support was vital for the plan to have a chance of success. 6 million for the third quarter, up 1. Referring to the scouting work of the company in other markets, Mr McNally told GGRAsia in an interview: “We’ve been in Japan and in many other places, and while we have to be mindful of our investments, by the same token we have the type of profile now and relationships with financial institutions where we are in a position to take a look. Currently, people travelling from Zhuhai to Macau are required to present a certificate – issued within 48 hours of departure from Zhuhai. 45 billion (US$18. 1 percent this year, according to the “Macroeconomic Forecast for Macao 2023”, published by the University of Macau (UM). 3 percent month-on-month in October, to KRW19. 2 million) in the three months to September 30, up 40. ”. 6 percent from the prior year, showed data published on Tuesday by the city’s Statistics and Census Bureau. Online gaming compliance testing services have become an important part of the testing work being done by Gaming Laboratories International LLC (GLI) in Asia, says Ian Hughes (pictured), the firm’s vice president of global services. Macau embracing electronic play, new clients: Galaxy COO. The new body – to be called the Gambling Regulatory Authority (GRA) – will be a statutory board and will be reconstituted from the. Osaka’s proposal (pictured in an artist’s rendering) – featuring a consortium including MGM Resorts International and Orix Corp – got 657. Macau’s casino GGR for the ten months to October 31 reached MOP148. (oily substance) a. That could be a challenge particularly for Macau operators, that have spent more than a decade generating a lot of. The debt figure was “about 70 percent higher than the level in 2019,” stated the ratings agency. The objective of the proposed new rule against illegal deposit-taking activities is to deter the usage of casino deposits as “financial investments”, remarked Macau law firm MdME’s managing partner Rui Pinto. 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. He was speaking to GGRAsia on the sidelines of the Macao Gaming Show 2016, a trade exhibition and conference about the regional casino industry that was held recently at the Venetian Macao and was organised by the Macau Gaming Equipment Manufacturers Association. Based on previously-published CAM data, that would be circa 47 percent of the 9. Jumbo aims to develop new and diversified ETG games. That is according to Craig Billings, group chief executive of Wynn Resorts Ltd, the parent of Wynn Macau Ltd. Macau recorded just below 19. 50 billion (US$2. 76 million visitor arrivals in July, or a daily average of just above 89,000, according to data from the city’s Statistics and Census Service. 35 million visitor arrivals from Hong Kong during 2019. The 15 percent figure was understood to be a reference to share of Macau casino gross gaming revenue (GGR). Jeju Sun’s operation has been paused since March 21, 2020. Non-China VIPs key target for Asia casinos: marketers. 55 billion this year, versus a previous estimate of US$6. 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. The information was given by André Cheong Weng Chon (pictured second right. This is according to Kim Jong-min, a former national. 59-million visitor arrivals in February , a major year-on-year improvement coinciding with the lifting in early January of most Covid-19. ”. The World Poker Tour (WPT) has affirmed a gathering at casino complex NagaWorld in Cambodia, and confirmed another at Crown Poker Club in Hanoi, Vietnam, as elements in its first-half 2024 roster. In a Monday filing, Ainsworth – majority-owned by Austria’s Novomatic Group AG – said the review process was “in the early stages and no expressions of interest have been received by the company”. The existence of the service was independently verified by GGRAsia, after checks of publicly. “Standing bets are allowed. Ms Zou’s “deep understanding of the pan-Asian consumer will enable her to effectively lead the Wynn team in customer. 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. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning,. Taiwan-based casino equipment supplier Jumbo Technology Co Ltd is planning to develop more games for the electronic table game (ETG) segment in Macau. The introduction of Philippine Inland Gaming Operator (PIGO) licences has reshaped the gambling scene in the Philippines, as large-scale integrated casino operators have ventured into the online space, fostering increased trust among players in this type of gambling, according to Suat Sirin, president of Tecnet Asia Inc, a firm providing. Mr Feldman, who spent nearly 30 years with casino operator MGM Resorts International, is a Distinguished Fellow at the University of Nevada, Las Vegas’. The group added in its Monday statement, referring to the. It offers multi-level progressive game play that features not only emotive symbols familar to. A spokesperson for MegaLuck Casino, run by Hong Kong-listed New. “This implies that last week’s run-rate has. Macau’s GGR for the eight months to August 31 reached MOP114. Mar 20, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck. Set in a town in the American Wild West, the game features symbols. 12 Jul 2022 · 6 minute read. 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. The Suncity brand’s hopes of winning a Macau casino licence in an expected public retender process – due because the city’s six existing concessions expire in 2022 – may have been dealt a blow by allegations in Chinese mainland media that it facilitated online gambling. Macau’s September casino GGR stood at MOP14. 0 million) in the six months to September 30, the first half of its current financial year. 1 million), up 15. The Macau government is currently conducting a public consultation – due to end on Friday (October 29) – on its proposed revision of the city’s gaming law. The first phase of a multibillion-U. 85 billion), according to official data. Macquarie stated: “We expect Macau’s mass GGR to return to 2019 levels in fourth-quarter 2023, helped by the removal of transport, hotel room supply,. Macau’s recovery rate in gross gaming revenue (GGR) is likely to trigger as early as next year a government condition for the city’s six casino operators to increase their collective MOP108. Based on GGRAsia’s observations, baccarat as usual was the Macau customers’ favoured game. So said several commentators in remarks to GGRAsia. In September alone, the city received 2. In its latest assessment, UBS said it expects China’s economy to grow 3. 8 percent from the preceding quarter. 00 million, 3. 0 percent year-on-year, “as a result of higher operating expense and depreciation reflecting higher labour costs and. Gaming operations drag on Everi’s quarterly results. “In this market, you see a lot of supply. 2 percent achieved in January, said on Wednesday the head of the city’s tourism bureau. grease. 0 billion (US$26. It was the best monthly performance since January 2020, at the very beginning of the Covid-19 pandemic, when the city’s. “In this market, you. WPT confirms Vietnam, Cambodia meetings for 2024 season. View the latest US news, top stories, photos and videos from around the nation. The figure represented a 10-percent increase from the results of the pre-pandemic third quarter in 2019, said a Wednesday. The actual amounts. . 61. Nov Macau premium mass average bet circa US$2. Where: Macau-based, with an interest in gambling markets across the Asia Pacific region. So said Greg Saint (pictured), ICE Asia event director, in an interview with GGRAsia. com is a website and newsletter about the Asian casino industry. Aggregate revenue in the mass-market segment stood at MOP33. S. 8 percent from the preceding quarter. 0 million for 2025. “We started testing here in Macau 10 years ago, and nearly 100 percent of our work was terrestrial games. Nov 10, 2023 Newsdesk iGaming, Latest News. 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. 29). ”. 61 billion in the preceding quarter. That was still 21. “We are thrilled to welcome Betty. That could be a challenge particularly for Macau operators, that have spent more than a decade. The documents were filed via the same database that showed three other major junket brand names serving mainland customers – “Tak Chun”, “Guangdong Club. Macau stole the gaming industry headlines at the very tail of 2022, with the dropping of a nearly three-year ‘zero-Covid’ policy that had involved extensive testing and use of quarantine. 05 billion, with industry-wide net profit at US$2. Judged year-on-year, such revenue rose by. A total of 143 casinos in Cambodia have submitted their annual licensing application to the country’s gaming regulator. 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. She stated that the measure was already being implemented by the city’s casino industry. GGRAsia. 7-percent increase from a year ago. SOFTSWISS handles 26k player monitoring requests this year. Macau’s daily casino gross gaming revenue (GGR) could be circa 17 percent higher during China’s Golden Week holiday straddling the end of September and start of October, than is expected for the rest of October, says Morgan Stanley Asia Ltd. Mr Dagtas told GGRAsia that Newport World Resorts was a significant player in Asia in the poker segment, having had a poker room since 2010, compared to competitor venues that “went into poker business in and out, on and off. 50 million (US$186,854) either to renew a licence or get a new one, according to a dispatch from the city’s Secretary for Economy and Finance, Lei. 0 million for 2023; HKD29. Macau recorded casino gross gaming revenue (GGR) of MOP15. The Grand Lisboa Palace casino resort (pictured) in Macau’s Cotai district, promoted by casino operator SJM Holdings Ltd, has launched a foreigner gaming zone, the company has confirmed to GGRAsia in response to our enquiry. His comments were made. Casino groups MGM. 39 million) in fines, for 182 cases of breaking anti-money laundering (AML) rules. 5 percent at HKD41. MGM China 3Q net revenue up 10pct q-o-q, to US$813mln. The institution calculated GGR for the first 17 days of September at. The. The announcement was made on Monday by Macau’s Chief Executive Ho Iat Seng (pictured in file photo), while speaking to the press after a public event. Oct 20, 2023 Newsdesk Latest News, Macau, Top of the deck. Remedy for Macau illicit money swap biz still in review: govt. China has had heightened scrutiny of those of its wealthy interested in “cross-border gambling”. 50. The average occupancy rate for Macau’s hotel sector stood at 78. Está siguiendo una dieta baja en grasa. 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. GGRAsia approached Galaxy Entertainment for comment on the report, but had not received a reply by the time this story went online. The announcement was made via a social media post. Singapore RWS 3Q VIP business solid without overpaying: analysts Nov 14, 2023 Newsdesk Latest News, Singapore, Top of the deck The third-quarter VIP gambling business for Genting Singapore Ltd, operator of Resorts. An event branded “Asian IR Expo + G2E Asia 2023” is to be held from July 11 to 13, at the Venetian Macao, run by Sands China Ltd, a unit of Las Vegas Sands. Macau orders 3 days of home testing amid Covid alert. The city’s market-wide mass GGR “is recovering faster” than the ratings institution had forecast, added the memo. 0 percent from the prior-year period. According to the report, It is expected that Laguna Lăng Cô would “contribute US$245 million” annually to the budget of Thua Thien Hue province from 2021 onward. Nov 14, 2023 Newsdesk Latest News, Singapore, Top of the deck. The third-quarter loss at Macau casino operator SJM Holdings Ltd declined by 78. 51 billion (US$2. But experts suggested to GGRAsia that in the absence of clarity on that point. 17), with the lowest bets there still in the hundreds of Hong Kong dollars. The tally was up 107. The Macau government collected MOP51. 03bln, up 15pct y-o-y. The calculations by Deutsche Bank analyst Carlo. 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. 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. “This is also higher than the current market consensus and the change is mainly due to the. GGRAsia approached Suncity Group on Friday, seeking comment on that report by The Age. Mr Lei noted in his Wednesday comments: “This MOP10-billion fund is to help employees, residents and SMEs [small and medium-sized enterprises]. 20 billion, the latter down 16 percent from a previous estimate of US$2. Gaming software and services provider SOFTSWISS says the Asia-Pacific (APAC) region “offers a substantial opportunity” for the iGaming industry in 2024. 42 billion), said on Wednesday the local regulator, the Gaming Inspection and Coordination Bureau. The cited request comes as the city fights its most serious Covid-19 outbreak since the pandemic began in early 2020. The Macau government collected MOP51. Standing bets are again allowed at table games at Singapore’s two casino complexes since August 19, the Singapore Tourism Board (STB) confirmed in an emailed reply to GGRAsia. Gaming Laboratories International, LLC. “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. Official Chinese media outlets, including People’s Daily and. 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. Nov 13, 2023 Newsdesk Latest News, Singapore, Top of the deck. Sep 14, 2023 Newsdesk Latest News, Macau, Top of the deck. 86 million visitor arrivals. South Korea’s casino trade association has so far acquired circa 70 members, Ms An told GGRAsia. 54 billion) in Macau in the first three months of 2023, or 59. It was about 60 percent of first-quarter 2019 levels, said parent Las Vegas Sands in April. 4 million declined 4. 6 percent compared to only PHP96. 95 billion, up 305. That was still 21. - based casino operator and hospitality business Hard Rock International Inc has previously confirmed its interest in developing a casino at the beach resort. 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. Macau casino gross gaming revenue (GGR) for the first 12 days of November was circa MOP6. Macau gaming sees workforce growth, still below pre-Covid. 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. Guangdong court in reminder on ‘cross-border’ bet crime. 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. 5 million in the third quarter. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning, marking. 2 percentage points from August, but up by 41. Macau recorded nearly 2. They were: Wynn Macau, promoted by Wynn Macau Ltd in downtown peninsula; the Venetian Macao in Cotai, promoted by Sands China Ltd; MGM Macau and.