The venue is the only property in the country allowed to. In the banking institution’s survey for the month,. 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. 0 million for 2023; HKD29. Mr Lei noted in his Wednesday comments: “This MOP10-billion fund is to help employees, residents and SMEs [small and medium-sized enterprises]. That was still 21. GGRAsia takes its name from a phrase instantly recognisable to the casino investment community - 'gross gaming revenue'. The fine was issued in September by the Financial Intelligence Unit (FIU), a body under South Korea’s Financial Services Commission, according to local media. 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. Hoiana, a resort with a foreigner-only casino,near Hoi An in Quang Nam province, and in which Hong Kong-listed Suncity Group Holdings Ltd has an investment, told GGRAsia last week that it would be one of the tourism destinations able to welcome guests from overseas as part of the “vaccine passport programme”. 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. Nov 17, 2023 Newsdesk iGaming, Latest News. “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. Osaka’s proposal (pictured in an artist’s rendering) – featuring a consortium including MGM Resorts International and Orix Corp – got 657. Macau 20mln visitors in year to Sept, 4. It took Macau’s GGR for the nine months to September 30 to about MOP128. 1 million), up 15. Oct 20, 2023 Newsdesk Latest News, Macau, Top of the deck. 9 billion. 05 billion in 2023, and US$1. The event is scheduled to take place in Singapore, from August 24 to 26. Macau gaming tax revenue tops US$6. EBITDA for the latest reporting period stood at just above AUD5. Jeju Sun’s operation has been paused since March 21, 2020. 1 percent from the prior-year period. Pagcor chair, ex-chair, others face charges in E-sabong case. Jeju Dream Tower is controlled by Korea Exchange-listed Lotte Tour Development Co Ltd. 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. Macau casino GGR US$825mln for October 1 to 8: JPM. Taiwan-based casino equipment supplier Jumbo Technology Co Ltd is planning to develop more games for the electronic table game (ETG) segment in Macau. 81 billion (US$117. Such reimbursements are capped at HKD24. 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. , to protect local employment – rather than commercial. 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. The first phase of Ixora Ho Tram by Fusion, launched at a ceremony in August, includes 164 rooms in a condotel tower and 46 beach villas, taking the current number of operational rooms at the whole Grand Ho Tram Strip site, to over 1,300. Macau’s recovery rate in gross gaming revenue (GGR) is likely to trigger as early as next year a government condition for the city’s six casino operators to increase their collective MOP108. 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. 55 billion (US$6. 0 million (US$507. 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. Available to guests from that day will be three hotel towers with 1,275 rooms; a multi-purpose 15,000. A total of 143 casinos in Cambodia have submitted their annual licensing application to the country’s gaming regulator. Pagcor chair, ex-chair, others face charges in E-sabong case. Galaxy Ent ‘not considering re-entering Boracay’. The Macau government estimates the city’s 2023 casino gross gaming revenue (GGR) will be MOP216. Fitch highlights a few risks faced by Macau’s casino sector. 0 million) in the six months to September 30, the first half of its current financial year. Macau’s daily casino gross gaming revenue (GGR) could be circa 17 percent higher during China’s Golden Week holiday straddling the end of September and start of October, than is expected for the rest of October, says Morgan Stanley Asia Ltd. 8 percent sequentially. 58 billion) in full calendar year 2018, up by 22. 1. Oct 25, 2023 Newsdesk Japan, Latest News, Top of the deck. Suncity’s. Find out about the earnings, workforce, tax revenue, AML and gaming equipment of the region's casinos and operators. But he added that because such actions were tantamount to what he termed “illicit currency swaps [exchange]” – it should be looked at instead. Macau has 11 satellite casinos that continued to operate under the new 10-year gaming concessions that started on January 1. 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. Judged year-on-year, such revenue rose by. 9 percent from the prior-year period, said the country’s gaming regulator. GEN Singapore 3Q profit up, pledges US$5bln investment. 15pm, Feb 17) A few junkets still active in Macau: industry veteran. The average occupancy rate for Macau’s hotel sector stood at 78. 26 billion (US$27. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning,. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. S. The announcement of the Macau. The firm told GGRAsia on Thursday that it had deployed the units at the Galaxy Macau casino resort in late September. . The figure represented a 10-percent increase from the results of the pre-pandemic third quarter in 2019, said a Wednesday. Mr Feldman, who spent nearly 30 years with casino operator MGM Resorts International, is a Distinguished Fellow at the University of Nevada, Las Vegas’. 4bln in year to Oct November 17, 2023; SJM excess labour costs down 12pct. International casino operator Las Vegas Sands Corp says it has amended with banking partners certain term loans regarding a US$1. 79 billion (US$3. 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. 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. The Philippines was currently the “number one” market in Asia for slot suppliers, albeit “highly. Ed Bowers, president and chief executive of MGM Resorts Japan LLC, is to give. 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. -dollar casino resort complex (pictured in artist’s rendering) on Vietnam’s central coast – a project partly backed by Suncity Group Holdings Ltd – is expected to be ready and launched by the end of this year. The NagaWorld staging of the Mike Sexton WPT Champions Cup is a first in. That would be circa 8 percent higher than a 25-million figure mentioned by MGTO director Maria Helena de. 72 billion in April. Referring to a Friday announcement by the national authorities. 6 million. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. 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 new club, with an area of 2,600 square meters (27,986 sq feet) and located at the complex’s Pearl. S. 00 billion (US$3. Graellsia is a genus of small perennial sub- caespitose herbs in the family Brassicaceae. 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. Está siguiendo una dieta baja en grasa. 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. Macau recorded nearly 2. feet) -capacity Fira de Barcelona, from January 20 to 22, 2025. 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. When: Launched in May, 2014. The existence of the service was independently verified by GGRAsia, after checks of publicly. A few junkets still active in Macau: industry veteran. 23 billion (US$2. 6 percent more than the level of PHP96. The Khmer Times said – citing Mey Vann, secretary of state at the Ministry of Economy and Finance – that a so-called self-declaration system for casino venues had. 0 percent in third-quarter 2019. Apr 14, 2023 Newsdesk Japan, Latest News, Top of the deck. . 2 percent month-on-month, to MOP14. Macau recorded a total of 17. The criminal penalty idea – along with others – is subject to a 45-day public consultation that started on September 15. “Latin America holds. In June, the firm had mentioned that the main. Such revenue was up 374. 6 billion (US$820. Sep 14, 2023 Newsdesk Latest News, Macau, Top of the deck. 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. 7 percent from MOP14. 2 days ago · Ex-LT Game exec Betty Zhao now SVP Aruze Gaming Global. Mar 16, 2022 Newsdesk Industry Talk, Latest News. That would be before the national government has published its so-called basic policy on IRs, a milestone likely in the first quarter 2020. 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. 90 billion. 6 million for the third quarter, up 1. GGRAsia has approached Galaxy Entertainment seeking comment regarding the foreigner-only gambling zone. About 40 managers in aggregate from either the security or casino operations departments of respectively, Sands China Ltd, SJM Resorts Ltd, and Galaxy Entertainment Group Ltd participated in those talks, the Judiciary Police said. 2 percent achieved in January, said on Wednesday the head of the city’s tourism bureau. 86 million visitor arrivals. Guangdong court in reminder on ‘cross-border’ bet crime. 1,557 likes · 3 talking about this. 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. 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. 9 percent. MGM China 3Q net revenue up 10pct q-o-q, to US$813mln. Apr 04, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck. The Philippine casino industry reported gross gaming revenue (GGR) of PHP187. But the official said the government could not demand the six casino concessionaires to make such salary adjustment. 05 billion (US$776,512) for regulatory breaches, including anti-money laundering (AML) failures, over a three-year span. 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 foreigner-gambling area in the Cotai resort is located in “Dragon Pavilion”, a premium gaming area within the. An organiser of Global Gaming Expo (G2E) Asia, a casino industry conference and trade exhibition that has been held annually in Macau since its inception in 2007, says that this year there is to be a Philippines edition on December 3 and 4 at the Manila Marriott Hotel at the Resorts World Manila casino resort. The latest data took the casino GGR tally industry-wide for full-year 2022 to just above PHP184. “The government has to deal with it by fast-tracking the transit system. 0 percent from the prior-year period. 01 billion, a rise of 295. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. The new body – to be called the Gambling Regulatory Authority (GRA) – will be a statutory board and will be reconstituted from the. Some political voices in Thailand that favour legalising bricks-and-mortar casinos stop short of supporting the legalisation of online gambling. 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. G2E Asia, organised by the American Gaming Association and Reed Exhibitions, had been staged annually in Macau from 2007 and up to 2019. 35 million visitor arrivals from Hong Kong during 2019. 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”. The breaches related to 2022 but were only made public on Tuesday at an audit hearing for. Hong Kong-listed International Entertainment Corp says it will have to invest between US$1. 7 billion. GEN Singapore 3Q profit up, pledges US$5bln investment. Galaxy Entertainment however sees the “extensive refit” of Grand Waldo as not final. ”. Gaming software and services provider SOFTSWISS says the Asia-Pacific (APAC) region “offers a substantial opportunity” for the iGaming industry in 2024. 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. “This looks like another step” in the “direction,” of firmer control he added, referring to the proxy gambling. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()Jan 09, 2023 Newsdesk Latest News, Macau, Top of the deck. 39 million) in fines, for 182 cases of breaking anti-money laundering (AML) rules. 34 billion in the second quarter this year, accounting for a share of nearly 73. Jumbo aims to develop new and diversified ETG games. 4bln in year to Oct. Macau gaming operator says it has raised the annual cap set for transportation, logistics and technical services provided by its parent company, U. The announcement of the Macau event coincides. Deutsche Bank now expects the 2023 GGR tally to be the equivalent of just over US$20. 18-billion casino and resort scheme in Van Don district – located in the country’s northern. To get the day’s top headlines delivered to your inbox every morning, sign up for our 5 Things newsletter. 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. Operating income of US$52. 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. 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. Brokerage China International Capital Corporation (CICC) Hong Kong Securities Ltd says the cost of excess headcount at Macau casino operator SJM Holdings Ltd has declined by 12. Casino sales rose 38. The first phase of a multibillion-U. Based on previously-published CAM data, that would be circa 47 percent of the 9. Available to guests from that day will be three hotel towers with 1,275 rooms; a multi. The. 34 million) of its EUR500. Morgan Stanley now expects Macau’s gaming industry EBITDA to reach nearly US$6. 49 billion) in the first 24 days of September, or a daily run-rate of MOP500 million, according to estimates from JP Morgan Securities (Asia Pacific) Ltd. The Macau government collected MOP51. Mr Ho, of Macao Polytechnic University, contributed to a recently-published academic article in Gaming Law Review, on the current status of Macau’s junkets under. The city’s market-wide mass GGR “is recovering faster” than the ratings institution had forecast, added the memo. The documents were filed via the same database that showed three other major junket brand names serving mainland customers – “Tak Chun”, “Guangdong Club. Paradise Co Ltd, an operator of foreigner-only casinos in South Korea, reported net profit attributable to shareholders of KRW35. Even in the so-called ‘grind’ or ‘base’ mass segment, minimum bets were sometimes as high as HKD3,000 (US$382. 8 million, Sands China stated in a filing to the Hong Kong Stock. Macau would-be junkets to pay US$187k guarantee: govt. “We anticipate its 2024 mass GGR will be 5 percent to 15 percent stronger than in. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck. “We are pleased the new gaming legislation has passed,” said Tim McNally, referring to a statute known as. 50. (oily substance) a. The. 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. 10 billion (US$1. “This implies last week’s GGR run-rate improved further to circa MOP570 million per day, versus circa MOP530 million per day a week ago,” wrote the analysts. Macau casino gross gaming revenue (GGR) for the first 12 days of November was circa MOP6. 55 billion this year, versus a previous estimate of US$6. The data revealed that the number of. Bernstein Ltd. 7 million, up 138. The beachside project is in Ba Ria, Vung Tau, in southern Vietnam. For his part, Mr Green told GGRAsia: “I suspect that Genting may have not expected to win a concession in its own right, but rather present itself as a suitable prospective casino operations manager in the event that any incumbent decided, or was forced by the constrained gaming market, into becoming a property company. 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 Macau government forecasts the city’s 2024 “income” from casino gaming will be “MOP200 billion” (US$24. One of the partner agencies is Lvmama, said Macau’s tourism bureau, in an emailed reply to an enquiry from GGRAsia. Macau’s Public Prosecutions Office. . A number of commentators spoken to by GGRAsia indicated that public support was vital for the plan to have a chance of success. Jumbo aims to develop new and diversified ETG games. 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. 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. Nov 14, 2023 Newsdesk Latest News, Macau, Top of the deck. According to figures provided to GGRAsia, Primorsky received 626,044 foreign visitors in the first nine months of 2018, up 21. The figure represented. They see Vietnam’s potential, even as the Asia-Pacific region’s previous high-roller. e. . Fitch tips Macau economic rebound at 65pct this year. Under the updated regulatory framework. 4 percent from a year earlier. In its latest assessment, UBS said it expects China’s economy to grow 3. 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. Timber Stacks awards a win when matching symbols land left-to-right on the matrix, with a ‘tumble. Feb 26, 2021 Newsdesk Latest News, Macau, Top of the deck. 7 billion (US$13. 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. The cited request comes as the city fights its most serious Covid-19 outbreak since the pandemic began in early 2020. 1 million), up 15. The city’s market-wide mass GGR “is recovering faster” than the ratings institution had forecast, added the memo. Nov 07, 2023 Newsdesk iGaming, Latest News. 500-percent senior notes due on July 15, 2024. Macau recorded casino gross gaming revenue (GGR) of MOP15. GGR rose sequentially for the third consecutive month. 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. At least three other Macau casino operators have launched foreigner-only gambling zones within company properties, with the first starting in February, according to GGRAsia’s checks. 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. Pax volume 66pct of 2019 Golden Week says Macau airport. Alfastreet opted not to have a stand at the event. Jun 01, 2023 Newsdesk Latest News, Macau, Top of the deck. Donaco reported group net revenue of AUD9. 3 million), estimates a Monday note from brokerage Sanford C. 03bln, up 15pct y-o-y. 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. 6 percent in September, said the city’s Statistics and Census Service in a Tuesday statement. 5 million inbound and outbound passenger trips this year. by 31 October 2023,” stated LET in a Wednesday filing. Macau’s September casino GGR stood at MOP14. 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. Read More What: GGRAsia, a business-to-business website and newsletter for the Asian casino industry. 72 billion in April. 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. May 13, 2022 Newsdesk Latest News, Macau, Top of the deck. The third-quarter loss at Macau casino operator SJM Holdings Ltd declined by 78. 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. 94 billion (US$1. 5 billion (US$1. The announcement was made via a social media post. The project company CEO explained to GGRAsia: “The request for a revision in the completion date was submitted due to the impact of Covid[-19] in Vietnam during the period from 2020 to 2022. The City of Dreams Mediterranean casino resort, developed by Melco Resorts and Entertainment Ltd with local partners in the Republic of Cyprus, will have a soft launch for “hotel and invited guests” from June 12, followed by its opening to the general public on July 10, said Melco Resorts in a Friday press release. The first tourism-related chartered passenger flight in seven years from mainland China to the South Korean holiday destination of Jeju Island, was welcomed on the first weekend of this month. 0 million for 2025. 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. 3 percent month-on-month in October, to KRW19. She stated that the measure was already being implemented by the city’s casino industry. 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. He told GGRAsia: “Osaka, Wakayama and Nagasaki and their IR partners will each have to earn national approvals for their IR development plans. 38 billion) in the first 21 days of May, estimated JP Morgan Securities (Asia Pacific) Ltd, citing its own checks. GGRAsia asked Mr Kelley about Friday’s market-wide stock price correction, which saw Galaxy Entertainment shares down 6. The latest monthly tally was up 365. Gaming software and services provider SOFTSWISS says that since the beginning of the year its multifunctional Anti-Fraud Team has “processed more than 26,000 requests encompassing lockout of problematic players, analysing notifications concerning at-risk players and. Macau gaming tax revenue tops US$6. 1d Edited. The first six days of October were part of this year’s eight-day autumn Golden Week holiday for mainland China residents. Fourth-quarter gaming revenues were said to have risen 133 percent year-on-year, as “overall drops across all. But experts suggested to GGRAsia that in the absence of clarity on that point. 4 percent from the prior-year period. “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. 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. The cap for the year ending December 31 has been raised to US$10. 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 16,000-seat, multipurpose Galaxy Arena. Macau’s daily casino gross gaming revenue (GGR) between April 19 and 24 rose 11 percent week-on-week, to MOP83 million (US$10. It will target the mass market, according to the company. “This committee will solicit experts within our membership to create ready-to-use standards to improve cyber resilience,” added Mr DeRaedt. Mr Baker had been in post since October 2018, and was involved in the property’s launch, which took place. 0 million for 2025. ” Mr McNally did not give details of how many members of the public visited for the reopening. 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. What: GGRAsia, a business-to-business website and newsletter for the Asian casino industry. Diaoyutai MGM Hospitality Ltd, a joint venture between China’s Diaoyutai State Guesthouse and United States-based casino group MGM Resorts International, has clarified 2024 as the opening year for two new hotels respectively located in the cities of Shenzhen and Zhuhai in mainland China’s Guangdong province, next door to Macau. 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. 55 billion (US$6. China has had heightened scrutiny of those of its wealthy interested in “cross-border gambling”. 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. One of them was a verdict – on an unspecified date – of the. “This is also higher than the current market consensus and the change is mainly due to the. 7-percent increase from a year ago. 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. 03 billion) in the third quarter, a slight increase from PHP56. Its 2023 forecast as issued in November had been for above US$19. 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. 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. 9k: Citi. The ending of such measures might herald greater tourism volume and some stable recovery in casino. Nov 24, 2023 Newsdesk Latest News, Philippines, Top of the deck . Jeju Sun Hotel and Casino, a property of Philippines-listed Bloomberry Resorts Corp, has confirmed to GGRAsia – in response to our telephone enquiry on Tuesday – that it will reopen on October 3. Citigroup says its Macau-market observations indicate an average premium-mass wager per player in November, of HKD22,251 (about US$2,855), a 37-percent increase when compared to its checks in the same month in 2019. We have had “numerous” approaches. We hope there will be a [daily average of] 80,000 to 90,000 visitor arrivals during the upcoming Golden Week. 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. 8 percent below the tally recorded for July. Macau’s GGR for the eight months to August 31 reached MOP114. Jan 15, 2018 Newsdesk Latest News, Macau, Top of the deck. 5 million in the third quarter. Find out about the earnings, workforce, tax revenue, AML and gaming. Though he added that was because such credit issuance had dramatically reduced in the Macau market before. Combined property EBITDA however was still down circa 20. 3 percent in the three months to September 30, compared to 29. 0 million) for the three months to September 30, according to a presentation published on Thursday. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()“Naga opened yesterday [July 8] with a very positive public response,” Mr McNally told GGRAsia. Macau mass baccarat nearly 60pct of 1Q GGR: regulator. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning, marking. Dividend restart still far for Macau ops: JP Morgan. But the ratings. 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. 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. Oct 07, 2022 Newsdesk Latest News, Macau, Top of the deck. 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. 1 percentage points year-on-year, showed the data. Macau recorded a total of 17. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck. Nov 15, 2022 Newsdesk Latest News, Macau, Top of the deck. 4 percent year-on-year, to HKD410 million (US$52. Casino groups MGM. 25 (US$4. 5 percent at HKD41. ”Non-China VIPs key target for Asia casinos: marketers. The. 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. L&W posts US$731mln 3Q rev, says gaming sales robust. GGRAsia – Japan Japan JCM half-year gaming sales down nearly 8pct y-o-y Nov 13, 2023 Newsdesk Japan, Latest News, Top of the deck Japan Cash Machine Co Ltd, also known as JCM Global, reported a net profit of. The 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. The Daegu Casino in South Korea has been fined KRW1. 55 billion (US$6. Gaming operations drag on Everi’s quarterly results. 0 billion (US$26. AI test work integral to growth strategy at GLI: Ian Hughes. 90 billion. 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 World Sentosa (RWS), half of Singapore’s casino duopoly, was “surprisingly solid”, with its rolling chip. So says Jerry Hu (pictured), regional business development manager for land-based gaming at Jumbo. Melco Resorts’ costs are put at 105 percent to 107 percent of 2019. The consultation document made no mention of satellite casinos. TKHS recently was appointed a logistics service provider for the Crown Sydney casino-hotel project, currently under construction in Barangaroo, Sydney, New South Wales. “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. 2022 action packed to the last for Asia casino sector. That would imply a daily run-rate of MOP528 million, which is “ahead of (surprisingly) strong April. He was speaking on Wednesday on the firm’s conference call with analysts. Casino equipment supplier Sega Sammy Creation Inc has installed the first units of its Genesis Crest 43J cabinet series in the Macau market. 0 million (US$507. So far this year, only 13 licences have been issued, Ros Phirun, Secretary General at the Commercial Gambling Management Commission of Cambodia, told GGRAsia. 85 billion (US$1. [1] Most of the species are found in Iran and Afghanistan, with one occurring in Turkey, and one in the High Atlas of Morocco. 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 criminal penalty idea – along with others – is subject to a 45-day public consultation that started on September 15. 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”. R&F Korea (RFKR), a firm linked to Hong Kong-listed Chinese developer. 8 percent from the prior-year period. 00 million, 3. 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. (fatty tissue) a. Nov 10, 2023 Newsdesk iGaming, Latest News. 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. ”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.