Sep 14, 2023 Newsdesk Latest News, Macau, Top of the deck. The body does not provide. 05 billion in 2023, and US$1. “It was really at the end of 2021 where we got the company to endorse our growth strategy in Asia,” as a whole, he. The information was given by André Cheong Weng Chon (pictured second right. 45 billion (US$18. Under the updated regulatory framework. Hong Kong-listed catering services business Future Bright Holdings Ltd says it has exited an unrealised three-year deal to run a food court at Macau casino operator SJM Holdings Ltd’s Grand Lisboa Palace casino resort in Cotai. In September and August, casino sales had fallen sequentially at the property on Jeju, a semi. 25 (US$4. In its latest assessment, UBS said it expects China’s economy to grow 3. The tally was up 107. Aside from those events, the name “Suncity” was already featuring in a variety of mainland investigations, GGRAsia has now been able to confirm after a review of official documents. The third-quarter loss at Macau casino operator SJM Holdings Ltd declined by 78. Alfastreet opted not to have a stand at the event. 4bln in year to Oct. Such reimbursements are capped at HKD24. Macau recorded casino gross gaming revenue (GGR) of MOP15. 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 city’s market-wide mass GGR “is recovering faster” than the ratings institution had forecast, added the memo. Aristocrat Gaming, the casino technology segment of Aristocrat Leisure Ltd, says it has launched its slot game “Tian Ci Jin Lu” – complete with what it terms “metamorphic signage” (pictured) – at Hann Casino Resort in Clark, in the Philippines. 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. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. Halloween-theme game debuts for FBM Digital Systems. 42 billion), said on Wednesday the local regulator, the Gaming Inspection and Coordination Bureau. The latest data reported by GGRAsia included the gross gaming revenue generated by the casino industry for the full year 2022. The casino firm added in a separate release that it was “focused on reinvestment in Asia and high-growth opportunities in new markets. The breaches related to 2022 but were only made public on Tuesday at an audit hearing for. EBITDA for the latest reporting period stood at just above AUD5. Macau’s GGR for the eight months to August 31 reached MOP114. A new, centralised authority to oversee the entire gambling industry in Singapore, is on track to be established in 2021, confirmed the city-state’s Ministry of Home Affairs in an email reply to GGRAsia. The new offering is scheduled to go live next month. As reported by GGRAsia last month, a gambling zone for foreigners was already in place at the Venetian Macao casino resort, run by Sands China Ltd. Dubai-based ALEC Engineering and Contracting LLC has been appointed as the main contractor for construction at Wynn Resorts Ltd’s casino-complex project in the United Arab Emirates. 2 billion to develop an integrated resort (IR) with a casino in the Philippines capital, Manila. 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. That was still 21. Germany-based business emoji company GmbH has partnered with Aristocrat Gaming, the casino-equipment business of Aristocrat Leisure Ltd, to launch a branded “emoji ALL STARS” slot machine product. 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. GGRAsia approached Suncity Group on Friday, seeking comment on that report by The Age. According to Macau government data, the city had 1. 24-billion casino resort for Hon Tre island. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. The aggregate take for January to October was up 215. Referring to a Friday announcement by the national authorities. Sources have told GGRAsia that a number of casino operators is already urging staff to take non-paid leave for varying periods of time as the Covid-19 crisis lingers. Jumbo aims to develop new and diversified ETG games. Macau has 11 satellite casinos that continued to operate under the new 10-year gaming concessions that started on January 1. 77 billion at the end of September, a reduction of US$100 million compared to the total debt balance as of June 30, 2023, according to the company. 8 million, Sands China stated in a filing to the Hong. Nov 13, 2023 Newsdesk Latest News, Singapore, Top of the deck. 7 percent from MOP14. The scheme is said to be partly backed by local hospitality firm Vinpearl Co, part of prominent Vietnam conglomerate Vingroup Co. “We are thrilled to welcome Betty. (Updated 6. 67 trillion (US$248. Wynn Resorts unveils US$2bln Wynn Palace extension. Macau orders 3 days of home testing amid Covid alert. SJM posts US$73mln in 3Q EBITDA, narrows quarterly loss. Peter DeRaedt, president of IGSA, said in prepared remarks that the organisation would be leading a “concerted effort to create cyber standards to protect” the gaming industry. The proportion of Macau visitors in October this year. 54 billion) in Macau in the first three months of 2023, or 59. 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. The Hoiana casino resort complex (pictured) in Hoi An, Vietnam, had an “accumulated loss” amounting to VND5. S. 1 percent this year, according to the “Macroeconomic Forecast for Macao 2023”, published by the University of Macau (UM). 00 million, 3. Andaz Macau full room inventory by CNY 2024: CBRE. . 29). It is the latest iteration of the firm’s “Jin Ji Bao Xi” game series, and is launching with the “Tiger” and “Phoenix. The bureau stated: “In the process of promoting the implementation of non. May 11, 2023 Newsdesk Latest News, Macau, Top of the deck. G2E Asia, organised by the American Gaming Association and Reed Exhibitions, had been staged annually in Macau from 2007 and up to 2019. Why: To provide the gaming industry with up-to-date news and information. The Macau casino sector is “never returning” to its former focus on VIP table gambling, but the electronic gaming segment “can grow faster than many people think,” said Kevin Kelley (pictured. 5 billion (US$1. 32 billion (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. 4 percent year-on-year, to HKD410 million (US$52. The Wakayama prefectural government has been active in pursuing the opportunity to host a casino resort. GGR rose sequentially for the third consecutive month. 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. 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. 2 percent achieved in January, said on Wednesday the head of the city’s tourism bureau. Maria Helena de Senna Fernandes, director of Macao Government Tourism Office (MGTO), was speaking on the sidelines of a public event. Gaming equipment and content provider Light & Wonder Inc gave a debut to its “Jin Ji Bao Xi Grand” slot product at the MGS Entertainment Show in Macau. 3 percent of Macau’s casino GGR in the period. 05 billion (US$776,512) for regulatory breaches, including anti-money laundering (AML) failures, over a three-year span. The new body – to be called the Gambling Regulatory Authority (GRA) – will be a statutory board and will be reconstituted from the. ”. The property had a formal launch in July, with what the. 35 million visitor arrivals from Hong Kong during 2019. 61 million passengers handled in 2019, the last trading. The glass and steel Crystal Pavilion (pictured in an artist’s rendering) – as the group has dubbed it – and an. Nov 14, 2023 Newsdesk Latest News, Singapore, Top of the deck. Though he added that was because such credit issuance had dramatically reduced in the Macau market. 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. 05 billion, with industry-wide net profit at US$2. 6 percent month-on-month, at just over MOP19. Macau-based casino operator Galaxy Entertainment Group Ltd announced on Monday that its new Galaxy Arena is to host in May two concerts by South Korean girl group Blackpink. Labour Day proper, is May 1. 55 billion (US$6. Macau is seeking to expand meaningfully and soon the percentage of its visitors from overseas, beyond the 2. Está siguiendo una dieta baja en grasa. 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. The beachside project is in Ba Ria, Vung Tau, in southern Vietnam. “This suggests the reopening recovery is still ongoing. “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. Visitors from South Korea more than. The new offering is scheduled to go live next month. “This looks like another step” in the “direction,” of firmer control he added, referring to the proxy gambling. But the official said the government could not demand the six casino concessionaires to make such salary adjustment. Mohegan Inspire soft opening scheduled for Nov 30. S. 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. “This was a result of three years of cash burn amid. “The buyer has failed to pay the remaining balance of the purchase price of US$22. Oct 20, 2023 Newsdesk Latest News, Macau, Top of the deck. But China’s State Council has this year designated April 29 to May 3 inclusive, as a holiday period on the Chinese mainland. RGB 2023 gaming machine sales to be double 2019 record. Read MorePhilippines 3Q industry GGR US$1. 65 billion (US$824. The original plan was mentioned in a January 2020 filing. 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’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. 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. Singapore’s Gambling Regulatory Authority (GRA) has asked the Marina Bay Sands (MBS) casino resort to “conduct further investigations on its casino loyalty programme”, the regulator said in a statement emailed to GGRAsia on Wednesday. ” Door still. Third-quarter net income attributable to gaming equipment maker and content provider International Game Technology Plc (IGT) fell 64. 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. 9 percent from the preceding quarter, but down 10. 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”. This marked the second consecutive quarter of growth. The figure compared with an August GGR result of MOP17. A ‘Jin Ji Bao Xi Grand’ entrance from Light & Wonder. Aggregate revenue in the mass-market segment stood at MOP33. The majority of the Macau casino operators is unlikely to resume dividend payment in the near term, suggested JP Morgan Securities (Asia Pacific) Ltd analyst DS Kim in an interview with GGRAsia. Read More Philippines 3Q industry GGR US$1. Oct 28, 2022 Newsdesk Latest News, Macau, Top of the deck. 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. Hong Kong-listed International Entertainment Corp says it will have to invest between US$1. Mr Power also confirmed that the project. The October result took Singapore’s visitor aggregate for the first ten months of this year, to 11. 34 million) of its EUR500. Aristocrat Gaming is aiming to supply the “lion’s share” of circa 3,000 gaming machines that are likely to enter the Macau casino market per year, said Lloyd Robson, general manager for Asia, in an interview with GGRAsia. Macau’s airport handled a total of 116,343 inbound and outbound passengers and 975 aircraft movements from September 30 to October 6 inclusive, a seven-day period equivalent to 2019′s autumn Golden Week holiday season. 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. Mar 20, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck. 2 percent quarter-on-quarter, and an 852. 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). This detergent cuts the grease better than all the rest. His comments were made. Deutsche Bank ups Macau 2023 GGR forecast after Feb data dlvr. Latest News Lotte Tour first quarterly profit since Dream Tower launch Nov 15, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck 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. MGM China 3Q net revenue up 10pct q-o-q, to US$813mln. Mr Lui was. The first six days of October were part of this year’s eight-day autumn Golden Week holiday for mainland China residents. 00 billion, up 90. 55 billion this year, versus a previous estimate of US$6. 5 million inbound and outbound passenger trips this year. Nov 17, 2023 Newsdesk iGaming, Latest News. 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. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck. One of the partner agencies is Lvmama, said Macau’s tourism bureau, in an emailed reply to an enquiry from GGRAsia. The documents were filed via the same database that showed three other major junket brand names serving mainland customers – “Tak Chun”, “Guangdong Club. 47 billion) non-gaming and overseas-marketing spending pledges by up to. Since that date, the two properties have also been allowed to loosen capacity limitations at several of their non-gaming attractions. 37 billion (US$9. Macau embracing electronic play, new clients: Galaxy COO. 7 million (US$6. “Players must make winning combinations. Mr Baker had been in post since October 2018, and was involved in the property’s launch, which took place. Philippine casinos will be required to make all players present an identity document and must also keep records of such customers’ gambling activity for at least five years as part of a new regulatory framework on anti-money laundering for the casino sector. 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. 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. 85 billion (US$1. The resort’s parent, Japan’s Universal Entertainment Corp, said it had received approval from the Philippine authorities to run in tandem with its bricks and mortar casino (pictured), a total of. He noted, regarding the request-for-applications process in New York: “We have long viewed Genting Malaysia’s 100-percent-owned Resorts World New York City to. That represented circa 71 percent of the same period in 2019, during the trading year preceding the Covid 19 pandemic, when the city-state logged 15. “The Japanese government is continuing the review of Kyushu-Nagasaki IR, but no schedule has been given,” said. The bureau stated: “In the process of promoting the implementation of non. Casino equipment maker and digital gaming content provider International Game Technology Plc (IGT) says it will redeem on November 7 the outstanding EUR112. 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. Naga new loan credit positive, risk persists: Moody’s. The new gaming venue, launched in March and branded “Perlas Club”, offers 200 slot machines, as well as six gaming tables for baccarat, roulette, and blackjack, the property’s promoter said in a Monday press release sent to GGRAsia. 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. 3 percent – in the third quarter. That would imply a daily run-rate of MOP528 million, which is “ahead of (surprisingly) strong April. . Fitch highlights a few risks faced by Macau’s casino sector. The filing noted the new group CEO had been. It did not specify when she was appointed. 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. 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 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”. ” He added, regarding his staffing: “We have a solid poker team. 72 billion in April. 49 billion), 315. Industry consultant Ben Lee told GGRAsia that in his opinion, “Singapore has the tightest anti-problem gambling measures in the world,” in addition to an entry levy applicable to Singapore citizens and permanent residents. But experts suggested to GGRAsia that in the absence of clarity on that point. It offers multi-level progressive game play that features not only emotive symbols familar to. 27 trillion. 2 million) in the three months to September 30, up 40. 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. Macau’s September casino GGR stood at MOP14. Macau embracing electronic play, new clients: Galaxy COO. Macau’s September casino gross gaming revenue (GGR) fell by 13. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()The country boasts a sizeable, licensed casino industry. Macau gaming tax revenue tops US$6. The Daegu Casino in South Korea has been fined KRW1. 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. He was speaking on Wednesday on the firm’s conference call with analysts. Available to guests from that day will be three hotel towers with 1,275 rooms; a multi. GGRAsia asked Mr Kelley about Friday’s market-wide stock price correction, which saw Galaxy Entertainment shares down 6. According to the institution, the industry-wide EBITDA margin stood at 29. We hope there will be a [daily average of] 80,000 to 90,000 visitor arrivals during the upcoming Golden Week. International casino operator Las Vegas Sands Corp says it has amended with banking partners certain term loans regarding a US$1. Saola, classified as a super typhoon, has been moving through the region for days, prompting evacuations in the Philippines and school closures and travel disruptions in Taiwan. Money laundering and misconduct at casinos has renewed the global scrutiny of anti-money laundering and counter-terrorism financing (AML/CTF) compliance. Macau’s October casino gross gaming revenue (GGR) was up 30. The banking institution added it was maintaining its November full-month GGR forecast at. Global Gaming Business OCTOBER 2021. 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. 5 million), versus a HKD1. Jun 01, 2023 Newsdesk Latest News, Macau, Top of the deck. JP Morgan estimated last week’s Macau GGR was about MOP400 million (US$50 million) per day, which its. May 13, 2022 Newsdesk Latest News, Macau, Top of the deck. Fitch tips Macau economic rebound at 65pct this year. Macau gaming tax revenue tops US$6. Dec 28, 2022 Newsdesk Latest News, Macau, Top of the deck. 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. com is a website and newsletter about the Asian casino industry. 55 billion in 2021. 7 percent from MOP14. GGRAsia asked the gaming bureau about its thinking regarding a ban on hidden touch points or hidden buttons on slot machine player screens, but it opted only to quote from the new standards. The 16,000-seat, multipurpose Galaxy Arena. The Macau government has extended for a further two years the tenure of Maria Helena de Senna Fernandes (pictured in a file photo) as head of the city’s tourism office. 05 billion, with industry-wide net profit at US$2. “This is also higher than the current market consensus and the change is mainly due to the. 79 billion (US$3. 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,. The new club, with an area of 2,600 square meters (27,986 sq feet) and located at the complex’s Pearl. He was speaking on Wednesday on the firm’s conference call with analysts. 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. The investment pledge is part of an agreement with the country’s gaming. 24-billion casino resort for Hon Tre island. Official Chinese media outlets, including People’s Daily and. The institution announced on October 26 an “off-cycle” 25 basis points rate hike, raising its benchmark interest rate to 6. The body just said it would “speed up” review of non-resident work permit applications, including applications filed by companies from the tourism and leisure sector. They see Vietnam’s potential, even as the Asia-Pacific region’s previous high-roller. 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. 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. 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. Nov 14, 2023 Newsdesk Latest News, Macau, Top of the deck. In September and August, casino sales had fallen sequentially at the property on Jeju, a semi-autonomous. Resorts World Cruises drops Okinawa-Sanya for SE Asia ports. Ed Bowers, president and chief executive of MGM Resorts Japan LLC, is to give. 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. 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. The brokerage forecasts approximately MOP750 million (US$93. 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 latest monthly tally was up 365. 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. The property had a formal launch in July, with what the company said. Mr Wilson told GGRAsia his firm had been busy in recent years in establishing a presence in Australia. According to information gathered by GGRAsia’s Japan correspondent, Mayor Matsui reiterated Osaka’s desire to start its request-for-proposal (RFP) phase with potential private-sector partners this month. Combined property EBITDA however was still down circa 20. Taiwan-based casino equipment supplier Jumbo Technology Co Ltd is planning to develop more games for the electronic table game (ETG) segment in Macau. Hokkaido covets ‘green IR’ scheme, says tourism boss. But the government has already discounted tackling it via. W Macau will add 557 rooms and suites (example. Acompañe a Karen Marcela Sierra-Hughes, Vicepresidenta de Latinoamérica, Caribe y España, en Expojoc, el 7 de noviembre de 2023, en el Hotel Westin de Valencia, España. As part of the brand’s plans and to “effectively control. The scheme is said to be partly backed by local hospitality firm Vinpearl Co, part of prominent Vietnam conglomerate Vingroup Co. 0 million for 2024; and HKD38. ”. The “ICE” branding is used by Clarion Gaming for a popular London, United Kingdom event each year. 26 billion (US$27. 6 percent from the prior year, showed data published on Tuesday by the city’s Statistics and Census Bureau. GGRAsia understands those tables will be returned to the new-look Grand Waldo complex. 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. ”. 8 million, Sands China stated in a filing to the Hong Kong Stock. Mr Au’s arrival follows the resignation of Betty Zhao as COO in late October. That is despite the announcement in recent days of Covid-19 infection in Macau. 1 percent from the prior-year period. 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. 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 Macau government collected MOP51. 34 billion), which is as much as 90. 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. 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. 3 million), estimates a Monday note from brokerage Sanford C. 5 million), or circa MOP830 million a day, said JP Morgan Securities (Asia Pacific) Ltd in a Monday memo, citing its industry checks. 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. 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. 0 million (US$507. 7 billion. A total of 143 casinos in Cambodia have submitted their annual licensing application to the country’s gaming regulator. 7 percent from a year earlier, to nearly. Suncity Group Holdings Ltd, a Hong. - based casino operator and hospitality business Hard Rock International Inc has previously confirmed its interest in developing a casino at the beach resort. ”. 6-million deal to sell a plot of land in Hokkaido, Japan, has been terminated. . A loan of up to US$80 million offered to casino operator NagaCorp Ltd from the trust set up by its founder and controlling shareholder Chen Lip Keong, is a “credit positive”, says Moody’s Investors Service Inc, as it would address the 2024 maturity of a company bond. 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. 38 billion) in the first 21 days of May, estimated JP Morgan Securities (Asia Pacific) Ltd, citing its own checks. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck. ”GGRAsia had previously approached Galaxy Entertainment, asking if there would be gaming space allocated within the Raffles at Galaxy Macau hotel tower, but had not received a reply. The institution calculated GGR for the first 17 days of September at. 29 billion), to JPY1. Mar 16, 2022 Newsdesk Industry Talk, Latest News. Macau gaming tax revenue tops US$6. 500-percent senior notes due on July 15, 2024. “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. Japan’s Nagasaki prefecture has confirmed to GGRAsia that it is still in talks with the national government over its casino-resort application, but hopes to achieve “accreditation as soon as possible” for its proposal. Suncity’s. In September, it was reported that the management at Marina Bay Sands hired prominent Singapore law firm Davinder. Ms Zou’s “deep understanding of the pan-Asian consumer will enable her to effectively lead the Wynn team in customer. (oily substance) a. The consultation document made no mention of satellite casinos. The first edition of ICE Asia has been postponed from this. The data revealed that the number of. Of course, the first phase of approvals will have to come from the actual applications, but by no means will all three be approved just for making submissions to the national government. “Latin America holds. The. Jeju Dream Tower is controlled by Korea Exchange-listed Lotte Tour Development Co Ltd. 2 percent of all casino gross gaming revenue (GGR) in the period. “We anticipate its 2024 mass GGR will be 5 percent to 15 percent stronger than in. 86 million visitor arrivals. 0 percent from 2019 levels, at just below US$1. It was the best monthly performance since January 2020, at the very beginning of the Covid-19 pandemic, when the city’s. 5 percent – from 14. 0 percent year-on-year, “as a result of higher operating expense and depreciation reflecting higher labour costs and. S. 18-billion casino and resort scheme in Van Don district – located in the country’s northern. e. 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. Building of Phase 4 at the Galaxy Macau casino resort, in Macau’s Cotai district, could be completed “in 2024″, says Francis Lui Yiu Tung (pictured in a file photo), deputy chairman of the property’s promoter, Macau casino operator Galaxy Entertainment Group Ltd. Hong Kong-listed Macau casino operator MGM China Holdings Ltd said in a Monday press release it had been added to the Hang Seng Corporate Sustainability Benchmark Index “with immediate effect”. Everyone living in Macau needs to do a rapid antigen test (RAT) for three consecutive days from Wednesday (November 30), in case of “hidden” Covid-19 infection within the local community and to lower the risk that any pool of infection might otherwise spread. The gaming executive spoken to by GGRAsia on condition of anonymity said overall transport-infrastructure improvement was a task beyond the remit of the resort operators. The. Macau casino GGR US$825mln for October 1 to 8: JPM. Two Macau scholars recently told GGRAsia that the Chinese authorites showed no sign of significantly easing their “dynamic zero-Covid” policy. Apr 17, 2023 Newsdesk Latest News, Macau, Top of the deck. The board nonetheless declared a quarterly. 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. Market-wide casino gross gaming revenue (GGR) in Macau reached MOP12. net dictionary. 4bln in year to Oct. Galaxy Entertainment however sees the “extensive refit” of Grand Waldo as not final. ”. Pragmatic Play Ltd, a content provider to the iGaming industry, has launched its latest game title, called “The Wild Gang”. 40 billion this year, and HKD8. There is a variety of opinion among scholars and legal experts about whether China’s criminalisation of anyone assisting “cross-border gambling”, that came into effect on March 1, is meant to cover gambling in Macau, a special administrative region of China. 21 million achieved in October 2019, the year prior to the start of the Covid-19 pandemic, showed the data. Donaco reported group net revenue of AUD9. 4bln in year to Oct November 17, 2023; SJM excess labour costs down 12pct. Nov 14, 2023 Newsdesk Latest News, Macau, MGS Entertainment Show, Top of the deck. Macau gaming sees workforce growth, still below pre-Covid. The appointment was with effect from Wednesday (November 1), GGRAsia understands. That could be a challenge particularly for Macau operators, that have spent more than a decade generating a lot of. The. According to these, the overall handle of the sector in the Philippines amounted to around PHP184. 5 percent sequentially in. The company’s EBITDA might reach HKD6. Macau 20mln visitors in year to Sept, 4. 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. pre-pandemic, volumes of passengers, said Simon Chan Weng Hong, executive committee chairman for the facility’s operator, Macau International Airport Co Ltd (CAM), in comments to GGRAsia. The firm stated this was based on its “outstanding performance in environmental, social and governance (ESG)” matters. 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. The criminal penalty idea – along with others – is subject to a 45-day public consultation that started on September 15. According to further information gathered by GGRAsia, patrons can gamble there either using cash or by establishing a rolling chip programme with Sands China. 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. The firm said additionally that it had “no licence to operate gaming venues in Russia and therefore does not operate venues in Russia.