Referring to a Friday announcement by the national authorities. 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”. The bureau stated: “In the process of promoting the implementation of non. 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. 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. GGRAsia understands those tables will be returned to the new-look Grand Waldo complex. GGRAsia was named “Gaming Media of the Year” at the Asia Awards ceremony held in the Philippine capital Manila on Wednesday, for the first edition of SiGMA Asia, a conference and exhibition for the online gaming industry organised by SiGMA Group. 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. That was up 19. “We started testing here in Macau 10 years ago, and nearly 100 percent of our work was terrestrial games. 7. 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. Casino equipment supplier Sega Sammy Creation Inc has installed the first units of its Genesis Crest 43J cabinet series in the Macau market. 42 billion), said on Wednesday the local regulator, the Gaming Inspection and Coordination Bureau. “In this market, you see a lot of supply. 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. MGS Entertainment Show, a Macau-based casino industry trade exhibition and conference, starts its 2023 edition today (Tuesday) at Galaxy International Convention Center (GICC), at the Galaxy Macau casino resort. But the government has already discounted tackling it via. It did not specify when she was appointed. Nov 13, 2023 Newsdesk Latest News, Singapore, Top of the deck. “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 ending of such measures might herald greater tourism volume and some stable recovery in casino. SOFTSWISS handles 26k player monitoring requests this year. Regarding other work by the division, Mr Son said that some of its officials were scheduled to visit Osaka, Japan, this month – accompanied by representatives. 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 Japanese government is continuing the review of Kyushu-Nagasaki IR, but no schedule has been given,” said. MBS confirms data breach to 665k non-casino client records. Specific to GGRAsia readers, we are at the forefront, working alongside legislators and regulators throughout the Asia-Pacific region. They see Vietnam’s potential, even as the Asia-Pacific region’s previous high-roller. ”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. “We are pleased the new gaming legislation has passed,” said Tim McNally, referring to a statute known as. SOFTSWISS Sportsbook 3Q GGR up 523pct y-o-y. Each slot-maker also continues to change the landscape of casinos through. According to one of them, the policy may persist into next year, with the potential for continued impact on Macau’s casino sector. This October’s tally was 85. 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. 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. Apr 14, 2023 Newsdesk Japan, Latest News, 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. 72 billion in April. Market-wide casino gross gaming revenue (GGR) in Macau reached MOP12. Nov 14, 2023 Newsdesk Latest News, Macau, MGS Entertainment Show, 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. 01 billion, a rise of 295. 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. A ‘Jin Ji Bao Xi Grand’ entrance from Light & Wonder. 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. So says Jerry Hu (pictured), regional business development manager for land-based gaming at Jumbo. We hope there will be a [daily average of] 80,000 to 90,000 visitor arrivals during the upcoming Golden Week. That was still 21. 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. 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. 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. Nov 08, 2023 Newsdesk Latest News, Trends & Tech. Macau’s GGR for the eight months to August 31 reached MOP114. Macau casino gross gaming revenue (GGR) for the first 12 days of November was circa MOP6. So says Jerry Hu (pictured), regional business development manager for land-based gaming at Jumbo. 55 billion in 2021. The scheme is said to be partly backed by local hospitality firm Vinpearl Co, part of prominent Vietnam conglomerate Vingroup Co. Meaning of grasia. Guangdong court in reminder on ‘cross-border’ bet crime. 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. Mr Gautreaux was described as. The venue is the only property in the country allowed to. Dec 17, 2022 Newsdesk Latest News, Macau, Top of the deck. 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. S. A total of 143 casinos in Cambodia have submitted their annual licensing application to the country’s gaming regulator. The consultation document made no mention of satellite casinos. Mainland Chinese tourists accounted for more than half of the aggregate number of visitors in the January to September period, at 353,220. The figure was down by 11. Third-quarter net income attributable to gaming equipment maker and content provider International Game Technology Plc (IGT) fell 64. 5 million inbound and outbound passenger trips this year. ”. Casino operator Genting Singapore Ltd reported generated third-quarter revenue of just below SGD690. 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. MGS Entertainment Show, a Macau-based casino industry trade exhibition and conference, starts its 2023 edition today (Tuesday) at Galaxy International Convention Center (GICC), at the Galaxy Macau casino resort. 21 million achieved in October 2019, the year prior to the start of the Covid-19 pandemic, showed the data. 5 (3) of the standards: ‘There shall be no hidden or undocumented touch points or buttons. Though he added that was because such credit issuance had dramatically reduced in the Macau market before. 50-billion revolving credit agreement. That was according to a. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. grease. “We are thrilled to welcome Betty. 55 billion this year, versus a previous estimate of US$6. The Macao Government Tourism Office (MGTO) says the city is getting ready to receive package tours from mainland China in November. The. 45 billion (US$18. Mar 16, 2022 Newsdesk Industry Talk, Latest News. 4 percent year-on-year, to HKD410 million (US$52. 1 percentage points year-on-year, showed the data. The sentence was read out on Wednesday (January 18) at the city’s Court of First Instance by the presiding judge, Lou Ieng Ha. The third-quarter VIP gambling business for Genting Singapore Ltd, operator of Resorts World Sentosa (RWS), half of Singapore’s casino duopoly, was “surprisingly solid”, with its rolling chip volumes “jumping” 62 percent quarter-on-quarter to approximately 130 percent of. 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. 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. 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. JP Morgan estimated last week’s Macau GGR was about MOP400 million (US$50 million) per day, which its. The figure represented a 10-percent increase from the results of the pre-pandemic third quarter in 2019, said a Wednesday. 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. So said Andrew Lo Kai Bong, an executive director of the Hong Kong-listed entity, in comments to. Macau’s gaming industry welcomed 2,500 new workers in the three months leading up to September 30, according to data released on Friday by the city’s Statistics and Census Service. Jumbo aims to develop new and diversified ETG games. Sep 14, 2023 Newsdesk Latest News, Macau, Top of the deck. He has been chief executive of the venue’s operating unit, Resorts World at Sentosa Pte Ltd, since 2007 – i. The announcement of the Macau event coincides. 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 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. The data revealed that the number of. 2. Casino slot machine maker and digital games provider Aristocrat Leisure Ltd opened on Tuesday what it called “the first dedicated gaming showroom” in the Philippines. 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. 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. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. 67 trillion (US$248. It is the latest iteration of the firm’s “Jin Ji Bao Xi” game series, and is launching with the “Tiger” and “Phoenix. That is according to data released on Monday by the country’s casino regulator, the Philippine Amusement and Gaming Corp (Pagcor). The storm, with winds of more than 200 kilometres per hour (125 miles per hour), is expected to move towards the coast of eastern Guangdong, Macau’s neighbouring. The firm added it was optimistic about the VIP gaming business for this year. What: GGRAsia, a business-to-business website and newsletter for the Asian casino industry. 6 million. 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. 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. 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. 27 million, up 147. GGRAsia asked Mr Kelley about Friday’s market-wide stock price correction, which saw Galaxy Entertainment shares down 6. 1 million) in daily GGR. Such revenue was up 374. 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. “Players must make winning combinations. 6 percent. (fatty tissue) a. 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. 5 billion (US$1. It will target the mass market, according to the company. 1 percent from the prior-year period. Melco Resorts’ costs are put at 105 percent to 107 percent of 2019. . 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. Genting Singapore is the promoter of the Resorts World Sentosa casino complex (pictured) in Singapore. . 08 billion), it said in the 2023 fiscal year budget proposal published on Friday. Official Chinese media outlets, including People’s Daily and. 9 billion. “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. The latest data reported by GGRAsia included the gross gaming revenue generated by the casino industry for the full year 2022. 05 billion, with industry-wide net profit at US$2. Oct 07, 2022 Newsdesk Latest News, Macau, Top of the deck. Melco Resorts’ total debt stood at US$7. Singapore’s Gambling Control Bill had a first reading in the country’s parliament on Monday. Macau’s September daily run rate for casino gross gaming revenue (GGR) improved by at least 25. 18 billion), or a daily run-rate of MOP527 million. Singapore FY2022-23 casino-levy take above pre-Covid. 1,557 likes · 3 talking about this. A ‘Jin Ji Bao Xi Grand’ entrance from Light & Wonder. The October result took Singapore’s visitor aggregate for the first ten months of this year, to 11. 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”. ”. “The government has to deal with it by fast-tracking the transit system. 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. Macau gaming sees workforce growth, still below pre-Covid. “Displaying a full. 6 percent compared to only PHP96. The city’s market-wide mass GGR “is recovering faster” than the ratings institution had forecast, added the memo. 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 consummation. The documents were filed via the same database that showed three other major junket brand names serving mainland customers – “Tak Chun”, “Guangdong Club. ” Mr McNally did not give details of how many members of the public visited for the reopening. The Macau government collected MOP51. May 13, 2022 Newsdesk Latest News, Macau, Top of the deck. by 31 October 2023,” stated LET in a Wednesday filing. 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. Andaz Macau full room inventory by CNY 2024: CBRE. International casino operator Las Vegas Sands Corp says it has amended with banking partners certain term loans regarding a US$1. That is according to Robert Goldstein. EBITDA for the latest reporting period stood at just above AUD5. We additionally asked Suncity Group if it had been approached by the ACIC regarding any matters under investigation by the latter. 4 percent year-on-year in calendar year 2019. Macau tender bidders told to up spending proposals, says CS. Why: To provide the gaming industry with up-to-date news and information. The UM team estimates that. The figures represented a recovery of 66 percent and 63. 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 city’s Financial Services Bureau. Despite posting strong revenue growth in the first quarter, Macau names are likely to wait. 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 Philippine casino regulator has confirmed to GGRAsia that all casinos in the Metro Manila area (pictured) – public-sector as well as private-sector ones – have currently suspended gaming operations due to the national government reintroducing a so-called enhanced community quarantine as a Covid-19 countermeasure. Macau’s gross domestic product (GDP) could soar by up to 44. Macau has 11 satellite casinos that continued to operate under the new 10-year gaming concessions that started on January 1. 9 percent from May 2022, according to data released on. 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. 93 billion) in May, up 5. Lui Che Woo, chairman of Galaxy Entertainment, was quoted in the announcement as saying: “From the. 0 million for 2024; and HKD38. 5 million), suggested Citigroup Inc in a Monday memo, citing industry sources. May 11, 2023 Newsdesk Latest News, Macau, Top of the deck. 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). 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. Macau’s October casino gross gaming revenue (GGR) was up 30. 6 billion. 4 percent from a year earlier. He was speaking on Wednesday on the firm’s conference call with analysts. They include: fresh Covid-19 outbreaks; slower. Mr Au’s arrival follows the resignation of Betty Zhao as COO in late October. According to the institution, the industry-wide EBITDA margin stood at 29. “This committee will solicit experts within our membership to create ready-to-use standards to improve cyber resilience,” added Mr DeRaedt. 6 million. 55 billion. 4bln in year to Oct November 17, 2023; SJM excess labour costs down 12pct. Lotte Tour first quarterly profit since Dream Tower launch. 37 billion (US$9. Taiwan-based casino equipment supplier Jumbo Technology Co Ltd is planning to develop more games for the electronic table game (ETG) segment in Macau. 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. 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 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. Its 2023 forecast as issued in November had been for above US$19. Las Vegas Sands is also the parent of Macau casino operator Sands China Ltd. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()The country boasts a sizeable, licensed casino industry. 6 million, and the deal is expected to close. Osaka’s proposal (pictured in an artist’s rendering) – featuring a consortium including MGM Resorts International and Orix Corp – got 657. Clarion Gaming said it has reserved a total of 40,000 hotel nights for “ICE week 2025″. Sep 28, 2023 Newsdesk Latest News, Philippines, Top of the deck. 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. 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. 50. 5 million), versus a HKD1. Apr 17, 2023 Newsdesk Latest News, Macau, Top of the deck. Quarterly net revenues at Macau casino operator MGM China Holdings Ltd rose by 9. Bernstein Ltd. 1 percent from the prior-year period. 2 percent year-on-year. 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. Macau is to have 11 so-called satellite casinos that will continue to operate under the new 10-year gaming concessions starting from January 1, 2023, compared to 18 satellite casinos that were in the market as of June-end this year, a decrease of 38. The beachside project is in Ba Ria, Vung Tau, in southern Vietnam. Nov 10, 2023 Newsdesk iGaming, Latest News. Fitch highlights a few risks faced by Macau’s casino sector. Feb 26, 2021 Newsdesk Latest News, Macau, Top of the deck. Casino equipment maker and digital gaming content provider International Game Technology Plc (IGT) says it will redeem on November 7 the outstanding EUR112. 54 billion (US$3. Macau’s Gaming Inspection and Coordination Bureau, also known by its Portuguese acronym DICJ, confirmed to GGRAsia late on Tuesday that it had met that day with representatives of Macau junket investor Suncity Group. In September alone, the city received 2. Casino equipment supplier Novomatic AG has told GGRAsia the firm has “not sold gaming equipment to the Russian market over the past years”. Vietnam’s Ministry of Planning and Investment has submitted a report on the development of a US$2. 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. “The buyer has failed to pay the remaining balance of the purchase price of US$22. Macau recorded a total of 17. 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. Lvmama is. 2 billion to develop an integrated resort (IR) with a casino in the Philippines capital, Manila. “This was a result of three years of cash burn amid. The Philippine casino sector produced gross gaming revenue (GGR) of PHP56. 9 percent of the nearly 3. JP Morgan said that based on its own checks, Macau-market GGR for the first 18 days of June was estimated at MOP9. 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 Macau government is to reduce its 2022 gross gaming revenue (GGR) forecast for the city’s casino industry. 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. 3 percent month-on-month in October, to KRW19. The property had a formal launch in July, with what the company said. 8 million, Sands China stated in a filing to the Hong. The existence of the service was independently verified by GGRAsia, after checks of publicly. 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. Macau recorded a total of 17. Oct 20, 2023 Newsdesk Latest News, Macau, Top of the deck. 00 billion, up 90. 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 cited request comes as the city fights its most serious Covid-19 outbreak since the pandemic began in early 2020. Macau casino GGR US$825mln for October 1 to 8: JPM. Gaming Laboratories International, LLC. GGRAsia quizzed the group’s chairman and CEO on whether the company was looking for new Marina Bay Sands customers beyond mainland China. Mr Lei noted in his Wednesday comments: “This MOP10-billion fund is to help employees, residents and SMEs [small and medium-sized enterprises]. 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. 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. ” He added, regarding his staffing: “We have a solid poker team. 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. Oct 26, 2023 Newsdesk Latest News, Trends & Tech. Casino operator Genting Singapore Ltd reported generated third-quarter revenue of just below SGD690. 6 percent month-on-month, at just over MOP19. 0 billion and US$1. 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. 7-percent increase from a year ago. Lance Gautreaux is the new chief casino officer of Philippine gaming and leisure complex Newport World Resorts. 0 million for 2025. 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. Naga new loan credit positive, risk persists: Moody’s. Aggregate revenue in the mass-market segment stood at MOP33. RGB 2023 gaming machine sales to be double 2019 record. “I have been studying listing my company on the stock market for over a year,” Mr Han stated. 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. 79 billion (US$3. Nov 07, 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. The year closed with December GGR that slipped 13. The foreigner-gambling area in the Cotai resort is located in “Dragon Pavilion”, a premium gaming area within the. 24-billion casino resort for Hon Tre island. S. 9 percent from May 2022, according to data released on. The Macau government is still studying how to tackle unauthorised money exchange activities, frequently observed on the city’s casino floors or their surroundings, and commonly interrupted by the authorities. Dividend restart still far for Macau ops: JP Morgan. A number of commentators spoken to by GGRAsia indicated that public support was vital for the plan to have a chance of success. 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”. Such reimbursements are capped at HKD24. The filing noted the new group CEO had been. 61 billion in the preceding quarter. Mr Feldman, who spent nearly 30 years with casino operator MGM Resorts International, is a Distinguished Fellow at the University of Nevada, Las Vegas’. GGRAsia takes its name from a phrase instantly recognisable to the casino investment community - 'gross gaming revenue'. Where: Macau-based, with an interest in gambling markets across the Asia Pacific region. GGRAsia approached Las Vegas Sands regarding the reportedly-commissioned new probe. 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. Nine of the 11 continuing satellite casinos rely on SJM Holdings for gaming. 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. 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. 5 percent at HKD41. 6 percent more than the level of PHP96. She stated that the measure was already being implemented by the city’s casino industry. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. 2 percentage points from August, but up by 41. 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. Nov 10, 2023 Newsdesk Latest News, Top of the deck, World. Philippine casino biz at pre-crisis by 2022: Domingo. Based on GGRAsia’s observations, baccarat as usual was the Macau customers’ favoured game. 7 billion. The casino regulator said the meeting was to better “understand the situation” regarding claims that the brand was. The official – who oversees the tourism and gaming sectors – declined. 2022 action packed to the last for Asia casino sector. Mr Wilson told GGRAsia his firm had been busy in recent years in establishing a presence in Australia. 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 fresh appointment was confirmed in a statement sent to GGRAsia on Thursday by Wynn Macau Ltd, operator of the Wynn Macau and Wynn Palace casino resorts. View the latest US news, top stories, photos and videos from around the nation. Sep 26, 2023 Newsdesk Latest News, Macau, Top of the deck. 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 first Barcelona editions of ICE and iGB Affiliate are to be held at the 240,000 square metres (2. 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. The board nonetheless declared a quarterly. Jumbo aims to develop new and diversified ETG games. 86 million visitor arrivals. 0 million) in the six months to September 30, the first half of its current financial year. 4bln in year to Oct. 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. . GGRAsia approached Suncity Group on Friday, seeking comment on that report by The Age. -based casino developer Las Vegas Sands Corp. Thursday’s announcement confirmed the start of prepartory work on the project site,. The current GGR forecast of MOP130 billion (US$16 billion) for full-year 2022. 0 million for 2023; HKD29. The source added that the casino would be the first in Vietnam to allow eligible locals to gamble, immediately upon launch. 23 billion (US$2. 8 percent from the preceding quarter. The figure compared with an August GGR result of MOP17. . 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”. 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). 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. Sep 12, 2023 Newsdesk Latest News, Philippines, Top of the deck. Those properties had previously been permitted to run limited gaming operations with social-distancing measures in place, albeit only during more relaxed phases of quarantine. The department also told GGRAsia that the former Yalanwan Casino, which has relocated to Lotte Hotel Jeju from the Jeju Shilla Hotel, has switched its name to “Seven Star Casino”. Macau hotel occupancy in September dips m-o-m. The announcement to the Philippine. The remarks. 1 percent this year, according to the “Macroeconomic Forecast for Macao 2023”, published by the University of Macau (UM). Read More Guangdong court in reminder on ‘cross-border’ bet crime. 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,. Currently, people travelling from Zhuhai to Macau are required to present a certificate – issued within 48 hours of departure from Zhuhai. The. 48 billion next year. 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. 18-billion casino and resort scheme in Van Don district – located in the country’s northern. The firm said that was “contrary to some recent media reports”. Judged year-on-year, such revenue rose by. We hope there will be a [daily average of] 80,000 to 90,000 visitor arrivals during the upcoming Golden Week. That would be circa 8 percent higher than a 25-million figure mentioned by MGTO director Maria Helena de. “This is also higher than the current market consensus and the change is mainly due to the. TKHS recently was appointed a logistics service provider for the Crown Sydney casino-hotel project, currently under construction in Barangaroo, Sydney, New South Wales. 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. Nov 14, 2023 Newsdesk Latest News, Singapore, Top of the deck. The Macau government estimates the city’s 2023 casino gross gaming revenue (GGR) will be MOP130 billion (US$16. 27 trillion. Read More Philippines 3Q industry GGR US$1. That could be a challenge particularly for Macau operators, that have spent more than a decade generating a lot of. 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”. 72 billion in April. 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.