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. Nov 17, 2023 Newsdesk iGaming, Latest News. 40 billion this year, and HKD8. 00 billion (US$3. Even in the so-called ‘grind’ or ‘base’ mass segment, minimum bets were sometimes as high as HKD3,000 (US$382. 38 billion) in the first 21 days of May, estimated JP Morgan Securities (Asia Pacific) Ltd, citing its own checks. 55 billion this year, versus a previous estimate of US$6. 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”. 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. 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. Meaning of grasia. In its latest assessment, UBS said it expects China’s economy to grow 3. The break is sometimes referred to by investment. 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. 95 billion, up 305. 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. 72 billion) pledged by Sands China Ltd as part of its successful bid for a new 10-year Macau gaming concession that began in January. 7 percent from MOP14. The Philippine gaming sector could be “competing with Singapore” for the top gross gaming revenue (GGR) position regionally over the next few years, following a rapid recovery from Covid-19 disruptions, suggests industry consultancy GCG Gaming Advisory Services Pty Ltd. 0 million (US$507. 5 percent – from 14. 0 million for 2025. 55 billion this year, versus a previous estimate of US$6. 32 billion (US$1. “The buyer has failed to pay the remaining balance of the purchase price of US$22. 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. MGM China 3Q net revenue up 10pct q-o-q, to US$813mln. 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. 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. 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. So said several commentators in remarks to GGRAsia. Macau’s October casino gross gaming revenue (GGR) was up 30. 0 percent from the prior-year period. The property had a formal launch in July, with what the. 6 million. Jeju Dream Tower is controlled by Korea Exchange-listed Lotte Tour Development Co Ltd. 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. -based casino developer Las Vegas Sands Corp. 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. 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. Apr 04, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck. Slot win reached US$118 million, up from US$29 million a year ago, and circa 77 percent of 2019 levels. The firm stated this was based on its “outstanding performance in environmental, social and governance (ESG)” matters. 0 billion (US$1. Under the updated regulatory framework. 9 percent from May 2022, according to data released on. 7 percent from the preceding quarter. Oct 07, 2022 Newsdesk Latest News, Macau, Top of the deck. For other cases, such penalties range from up to five years in prison, plus a fine; to a “controlled release along with a fine”. 27 million, up 147. 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. 1 million), up 15. 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. Paradise Co Ltd, an operator of foreigner-only casinos in South Korea, reported net profit attributable to shareholders of KRW35. 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. 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. “The process will look to review and assess all strategic alternatives which could assist the company in maximising shareholder value. Fourth-quarter gaming revenues were said to have risen 133 percent year-on-year, as “overall drops across all. U. We have had “numerous” approaches. Hong Kong-listed International Entertainment Corp says it will have to invest between US$1. Andaz Macau full room inventory by CNY 2024: CBRE. Remedy for Macau illicit money swap biz still in review: govt. 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. Such sharp increase would be linked to a strong rebound in the city’s tourism and casino sectors, according to the research. 55 billion (US$6. The existence of the service was independently verified by GGRAsia, after checks of publicly. Nov 24, 2023 . A “channel check” by Credit Suisse (Hong Kong) Ltd indicates that the Macau gaming-concessions public tender process “is not as straightforward as expected,” with the “government demanding much more non-gaming investment” from the bidders. 75 billion, up 14. Why: To provide the gaming industry with up-to-date news and information. 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. Melco Resorts’ total debt stood at US$7. But China’s State Council has this year designated April 29 to May 3 inclusive, as a holiday period on the Chinese mainland. 50-billion revolving credit agreement. “Aruze has been doing very well in the Philippines, [at] Genting Malaysia, [in] Australia and New Zealand,” he noted, referring secondly to the operator of Malaysia’s only licensed casino resort. 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. Dec 17, 2022 Newsdesk Latest News, Macau, Top of the deck. com is a website and newsletter about the Asian casino industry. 7 percent. Macau’s Public Prosecutions Office. . 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. The institution said net revenue for the sector should be about US$24. Las Vegas Sands is also the parent of Macau casino operator Sands China Ltd. The latest data reported by GGRAsia included the gross gaming revenue generated by the casino industry for the full year 2022. The Macau government estimates the city’s 2023 casino gross gaming revenue (GGR) will be MOP130 billion (US$16. “This committee will solicit experts within our membership to create ready-to-use standards to improve cyber resilience,” added Mr DeRaedt. Timber Stacks awards a win when matching symbols land left-to-right on the matrix, with a ‘tumble. Andaz Macau, the second of the two new hotels in Phase 3 of the Galaxy Macau casino resort, is “expected to fully open all 700 rooms by Chinese New Year [CNY] 2024,” says a Thursday note from CBRE Securities LLC, referring to an important holiday period in mainland China. 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. 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. Casino operator Genting Singapore Ltd reported generated third-quarter revenue of just below SGD690. The announcement to the Philippine. 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. L&W posts US$731mln 3Q rev, says gaming sales robust. The Macau government forecasts the city’s 2024 “income” from casino gaming will be “MOP200 billion” (US$24. It is the latest iteration of the firm’s “Jin Ji Bao Xi” game series, and is launching with the “Tiger” and “Phoenix. 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. Mar 16, 2022 Newsdesk Industry Talk, Latest News. 3 percent of Macau’s casino GGR in the period. 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”. The aggregate amount of money raised in the fiscal year to March 31 from those required to pay Singapore’s casino entry levy, surpassed pre-Covid-19 fiscal years, according to the Singapore Totalisator Board, the body responsible for collecting it. Referring to a Friday announcement by the national authorities. Nov 10, 2023 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck. 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. Macau-based junket operator Meg-Star International has confirmed to GGRAsia it is currently preparing for “two new openings” of fresh-to-market VIP gaming clubs in the city. We hope there will be a [daily average of] 80,000 to 90,000 visitor arrivals during the upcoming Golden Week. Casino operator Wynn Resorts Ltd announced on Wednesday in the United States plans for its long-anticipated expansion of its Macau casino resort Wynn Palace. 4 percent year-on-year in calendar year 2019. The firm added it was optimistic about the VIP gaming business for this year. Goldman Sachs said that in the context of market rivals recently adding new hotel product in the Cotai district, then the 450 Raffles-branded suites would help. 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. 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. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. The firm said that was “contrary to some recent media reports”. 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. 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. Macau’s gaming regulator has asked casino operators in Macau to reduce temporarily by as much as 90 percent the number of on-duty workers staffing the city’s gaming floors, several local media outlets report. Pragmatic Play Ltd, a content provider to the iGaming industry, has launched its latest game title, called “The Wild Gang”. 3 percent – in the third quarter. 2 percent achieved in January, said on Wednesday the head of the city’s tourism bureau. View the latest US news, top stories, photos and videos from around the nation. There has also been recent analyst commentary that the recovery of outbound tourism from. 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”. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. 60 billion (US$153. Lance Gautreaux is the new chief casino officer of Philippine gaming and leisure complex Newport World Resorts. “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. The promoter also organises gaming-industry-related gatherings in North America and Africa. “This suggests the reopening recovery is still ongoing. A spokesperson for MegaLuck Casino, run by Hong Kong-listed New. - based casino operator and hospitality business Hard Rock International Inc has previously confirmed its interest in developing a casino at the beach resort. 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. RGB 2023 gaming machine sales to be double 2019 record. 03 billion) in the third quarter, a slight increase from PHP56. 03bln, up 15pct y-o-y. Sep 14, 2023 Newsdesk Latest News, Macau, Top of the deck. 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. GGRAsia approached MGTO to confirm the details of the subsidy scheme, but did not receive a reply by the time the story went online. But the official said the government could not demand the six casino concessionaires to make such salary adjustment. 9k: Citi. 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. May 11, 2023 Newsdesk Latest News, Macau, Top of the deck. Macau has 11 satellite casinos that continued to operate under the new 10-year gaming concessions that started on January 1. 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. 8 percent from the preceding quarter. 23 billion (US$2. Nov 14, 2023 Newsdesk Latest News, Macau, MGS Entertainment Show, Top of the deck. 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. 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 October result took Singapore’s visitor aggregate for the first ten months of this year, to 11. 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 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. Dividend restart still far for Macau ops: JP Morgan. The ending of such measures might herald greater tourism volume and some stable recovery in casino. Graellsia is a genus of small perennial sub- caespitose herbs in the family Brassicaceae. 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. 97 per share to acquire GAN Ltd, an online gaming enterprise offering business-to-business software services in the United States, and business-to-consumer services in Europe and South America. 61 billion in the preceding quarter. Nov 04, 2022 Newsdesk Latest News, Macau, Top of the deck. Some observers have remarked to GGRAsia that such increase in pledged investment should be a manageable expense for Macau’s casino companies, and perhaps even desirable for market development. The Macau government is to reduce its 2022 gross gaming revenue (GGR) forecast for the city’s casino industry. 81 billion (US$117. 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. It did not specify when she was appointed. 34 billion in the second quarter this year, accounting for a share of nearly 73. 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. Despite posting strong revenue growth in the first quarter, Macau names are likely to wait. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()The country boasts a sizeable, licensed casino industry. It took Macau’s GGR for the nine months to September 30 to about MOP128. 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. 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. 6 percent from the prior year, showed data published on Tuesday by the city’s Statistics and Census Bureau. 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. Veteran Macau-based junket operator U Io Hung, a representative of the Macau Gaming Promoter Professionals Association, told GGRAsia. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. ”. 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. 29). Casinos are coming under renewed scrutiny by global regulators seeking to crack down on money laundering and misconduct within the gaming industry worldwide. A revised “Osaka IR District Development. e. 85 billion (US$1. 9 billion. 5 billion (US$1. He has been chief executive of the venue’s operating unit, Resorts World at Sentosa Pte Ltd, since 2007 – i. Galaxy Entertainment however sees the “extensive refit” of Grand Waldo as not final. . 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. 6 percent month-on-month, at just over MOP19. 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. 8 million, from US$8. SOFTSWISS Sportsbook 3Q GGR up 523pct y-o-y. 1 percent from the prior-year period. Mr Wilson told GGRAsia his firm had been busy in recent years in establishing a presence in Australia. com is a new website and newsletter about the Asian casino industryGGRAsia - Business Information. The property had a formal launch in July, with what the company said. ”. ”. Each slot-maker also continues to change the landscape of casinos through. That is according to Craig Billings, group chief executive of Wynn Resorts Ltd, the parent of Wynn Macau Ltd. 4 percent from a year earlier. 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. 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. 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. Apr 14, 2023 Newsdesk Japan, Latest News, Top of the deck. 8 percent below the tally recorded for July. The official – who oversees the tourism and gaming sectors – declined. 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. The information was given by André Cheong Weng Chon (pictured second right. 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. 39 million) in fines, for 182 cases of breaking anti-money laundering (AML) rules. 51 billion (US$2. The reporting quarter is also the company’s first quarter of fiscal year 2024. The new offering is scheduled to go live next month. Casino groups MGM. Pagcor chair, ex-chair, others face charges in E-sabong case. 47 billion) non-gaming and overseas-marketing spending pledges by up to. -based casino developer Las Vegas Sands Corp. Nine of the 11 continuing satellite casinos rely on SJM Holdings for gaming. 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. 85 billion), according to a Sunday announcement from the local regulator, the Gaming Inspection and Coordination Bureau. According to information collated by GGRAsia’s Japan correspondent, the verification of the signatures gathered could take a month. Nov 10, 2023 Newsdesk Latest News, Top of the deck, World. In the banking institution’s survey for the month,. ”. 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 (pictured), in an interview with GGRAsia at the. Este detergente corta la grasa mejor que todos. 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. 25 billion. SJM excess labour costs down 12pct q-o-q: brokerage. ”Non-China VIPs key target for Asia casinos: marketers. Alfastreet opted not to have a stand at the event. The board nonetheless declared a quarterly. 0 percent from 2019 levels, at just below US$1. Oct 20, 2023 Newsdesk Latest News, Macau, Top of the deck. That was still 21. ” He added, regarding his staffing: “We have a solid poker team. [1] Most of the species are found in Iran and Afghanistan, with one occurring in Turkey, and one in the High Atlas of Morocco. 8 percent from the prior-year period. The documents were filed via the same database that showed three other major junket brand names serving mainland customers – “Tak Chun”, “Guangdong Club. 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. Fitch highlights a few risks faced by Macau’s casino sector. Macau casino gross gaming revenue (GGR) for the first 12 days of November was circa MOP6. The institution said net revenue for the sector should be about US$24. WPT confirms Vietnam, Cambodia meetings for 2024 season. It was about 60 percent of first-quarter 2019 levels, said parent Las Vegas Sands in April. The proportion of Macau visitors in October this year. 5 million inbound and outbound passenger trips this year. The third-quarter loss at Macau casino operator SJM Holdings Ltd declined by 78. DigiPlus says ‘no imminent plans’ for Boracay casino. The city’s market-wide mass GGR “is recovering faster” than the ratings institution had forecast, added the memo. Judged year-on-year, such revenue rose by 32. It could be “2025 or 2026” before Macau International Airport sees 2019, i. Casino sales rose 38. 3. The Macao Government Tourism Office (MGTO) says the city is getting ready to receive package tours from mainland China in November. Taiwan-based casino equipment supplier Jumbo Technology Co Ltd is planning to develop more games for the electronic table game (ETG) segment in Macau. ”. 27 trillion. 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. 8 percent sequentially. 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). Macau’s casino GGR for the ten months to October 31 reached MOP148. Resorts World Cruises drops Okinawa-Sanya for SE Asia ports. It nonetheless expects a fiscal deficit for 2023, with aggregate income – including from a. A ‘Jin Ji Bao Xi Grand’ entrance from Light & Wonder. The announcement was made via a social media post. 1 million) as of January this year, reported the Vietnam Investment Review, citing a document generated by Quang Nam province, the place where the property is based. 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 acquisition of a section of Aruze Gaming’s ETG assets helps Interblock to enlarge its presence in Asia Pacific, remarked Mr Hu to GGRAsia. 05 billion (US$776,512) for regulatory breaches, including anti-money laundering (AML) failures, over a three-year span. It will target the mass market, according to the company. 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 product is also in the Manila market in the Philippines, in Singapore, and in. 50 billion (US$2. Cambodia has started operating its already-flagged new casino taxation system based on gaming revenue, rather than on lump-sum payments, it was reported on Monday. 2 days ago · Ex-LT Game exec Betty Zhao now SVP Aruze Gaming Global. 03 billion) in the third quarter, a slight increase from PHP56. That is despite the announcement in recent days of Covid-19 infection in Macau. The scheme is said to be partly backed by local hospitality firm Vinpearl Co, part of prominent Vietnam conglomerate Vingroup Co. The South Korean government has confirmed to GGRAsia that the promoters of the RFKR Resort casino project at Incheon must restart building work within three months, or the authorities might reconsider the latest 12-month extension on the first-phase deadline. “GRA is aware of the cyber incident involving MBS’s members from its non-casino loyalty. Based on previously-published CAM data, that would be circa 47 percent of the 9. Sourcing more foreign players is a way for the Macau junkets to cope with the new reality, suggested local gaming scholar Ryan Ho Hong Wai, in comments to GGRAsia. 3 percent of Macau’s casino GGR in the period. 35 million visitor arrivals from Hong Kong during 2019. Clarion Gaming said it has reserved a total of 40,000 hotel nights for “ICE week 2025″. Galaxy Ent ‘not considering re-entering Boracay’. The appointment was with effect from Wednesday (November 1), GGRAsia understands. United States-based casino operator Las Vegas Sands Corp said in a Wednesday filing that on Tuesday it had made an agreement to sell its Las Vegas, Nevada venues and operations for US$6. 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”. The 16,000-seat, multipurpose Galaxy Arena. 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. 55 billion (US$6. 94 billion (US$1. 0 million (US$507. 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. Gaming Laboratories International, LLC. An entity called Let’s Win Group is hosting a “grand opening ceremony” for what it terms a “club” in the Hoiana Resort & Golf property in Vietnam’s. 01 billion, a rise of 295. That was according to a. 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. 7 percent sequentially to US$812. Melco Resorts’ costs are put at 105 percent to 107 percent of 2019. 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. 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. 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. GGRAsia takes its name from a phrase instantly recognisable to the casino investment community - 'gross gaming revenue'. it/SkDY0K34. The latest monthly tally was up 365. 6 percent relative to the first two weeks of the month, when inbound tourism was disrupted by bad weather, estimated JP Morgan Securities (Asia Pacific) Ltd in a Monday note. But he added that because such actions were tantamount to what he termed “illicit currency swaps [exchange]” – it should be looked at instead. 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. The aggregate take for January to October was up 215. 4 million declined 4. 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. The debt figure was “about 70 percent higher than the level in 2019,” stated the ratings agency. 8 percent below the tally recorded for July. GGRAsia approached Galaxy Entertainment for comment on the report, but had not received a reply by the time this story went online. So far this year, only 13 licences have been issued, Ros Phirun, Secretary General at the Commercial Gambling Management Commission of Cambodia, told GGRAsia. 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. Oct 28, 2022 Newsdesk Latest News, Macau, Top of the deck. Halloween-theme game debuts for FBM Digital Systems. According to Macau government data, the city had 1. 0 million for 2023; HKD29. The cap for the year ending December 31 has been raised to US$10. 57 billion (US$1. Such a daily tally for the start of the. 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 to a GGRAsia enquiry. Nov 14, 2023 Newsdesk Latest News, Macau, Top of the deck. 20 billion, the latter down 16 percent from a previous estimate of. Casino operator Genting Singapore Ltd reported generated third-quarter revenue of just below SGD690. 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. 17), with the lowest bets there still in the hundreds of Hong Kong dollars. Donaco reported group net revenue of AUD9. Labour Day proper, is May 1. Global Gaming Business OCTOBER 2021. 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. 1 million), up 15. 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. The Macau authorities. The. Macau’s September daily run rate for casino gross gaming revenue (GGR) improved by at least 25. 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. grease. 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. Nov 15, 2022 Newsdesk Latest News, Macau, Top of the deck. A unit of Japan’s Sega Sammy Holdings Inc is to pay US$1. The chatter on the ground was that part of the reason for the delay was the result of the [gaming] concessionaires not having sufficient cash on property, to return the junkets’ deposits,” remarked Ben Lee, managing partner of IGamiX Management and Consulting Ltd, to GGRAsia. Angela Hanlee, Bloomberg Intelligence senior gaming and hospitality analyst, said on the same podcast: “We now expect Macau’s gross gaming revenue this year to reach 52 percent of pre-pandemic levels, from our previous forecast of 42 percent. 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. 2 percent quarter-on-quarter, and an 852. 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. “Timber Stacks” is the latest digital slot offer from online gaming content provider Pragmatic Play Ltd. 6 percent month-on-month, at just over MOP19. The foreigner-gambling area in the Cotai resort is located in “Dragon Pavilion”, a premium gaming area within the. 1 percent from the prior-year period. According to GGRAsia’s correspondent, if the prefecture is selected to host a casino resort, the Wakayama local government plans to sell the land to the would-be casino operator by the same amount as the purchasing price, JPY7. 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. One of the partner agencies is Lvmama, said Macau’s tourism bureau, in an emailed reply to an enquiry from GGRAsia. Combined property EBITDA however was still down circa 20. He was speaking on Wednesday on the firm’s conference call with analysts. 4 percent quarter-on-quarter, through “natural attrition”. 39 million) in fines, for 182 cases of breaking anti-money laundering (AML) rules. “We anticipate its 2024 mass GGR will be 5 percent to 15 percent stronger than in. 20 billion, the latter down 16 percent from a previous estimate of US$2. The first phase of a multibillion-U. 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. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning, marking. 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”. That is according to data released on Wednesday by the local regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ. GGRAsia has approached Galaxy Entertainment seeking comment regarding the foreigner-only gambling zone. 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. 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. (fatty tissue) a. 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. 23 billion (US$2. 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 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. 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.