The latest monthly tally was up 365. Nov 17, 2023 Newsdesk iGaming, Latest News. The operator of casino complex Newport World Resorts, in the Philippine capital Manila, is set to expand operations under its Philippine Inland Gaming Operator (PIGO) licence, with the addition of live table games, the property’s chief operating officer, Hakan Dagtas, told GGRAsia. 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. Mr Gautreaux was described as. The title presents players with symbols including bears, cougars, and wolves on a 5 x 5 grid. Meaning of grasia. Judged year-on-year, such revenue rose by 32. The firm stated this was based on its “outstanding performance in environmental, social and governance (ESG)” matters. Referring to the scouting work of the company in other markets, Mr McNally told GGRAsia in an interview: “We’ve been in Japan and in many other places, and while we have to be mindful of our investments, by the same token we have the type of profile now and relationships with financial institutions where we are in a position to take a look. 6 million for the third quarter, up 1. Nov 07, 2023 Newsdesk iGaming, Latest News. Daesik Han, president and chief executive of Hann Resorts, the master brand of Hann Casino and Hann Reserve leisure schemes at Clark in the Philippines, has told GGRAsia he is “optimistic” about the business outlook for 2023. 30 million tourists, down 28. Philippine casinos will be required to make all players present an identity document and must also keep records of such customers’ gambling activity for at least five years as part of a new regulatory framework on anti-money laundering for the casino sector. Vietnam’s Ministry of Planning and Investment has submitted a report on the development of a US$2. Gaming Laboratories International, LLC. 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. Macau gaming tax revenue tops US$6. The new rules – announced on Friday – appear to leave open the possibility of. Official Chinese media outlets, including People’s Daily and. 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. It offers multi-level progressive game play that features not only emotive symbols familar to. So says Jerry Hu (pictured), regional business development manager for land-based gaming at Jumbo. Cloee Chao Sao Fong, head of local gaming labour activist group New Macau Gaming Staff Rights Association, told GGRAsia: “As far as we know, all casinos allow their table game staff. The Macau government collected MOP51. 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. 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 remarks. 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. 3 percent month-on-month in October, to KRW19. When: Launched in May, 2014. The gaming executive spoken to by GGRAsia on condition of anonymity said overall transport-infrastructure improvement was a task beyond the remit of the resort operators. 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. ”. Osaka’s proposal (pictured in an artist’s rendering) – featuring a consortium including MGM Resorts International and Orix Corp – got 657. 2 million) in the three months to September 30, up 40. 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. , to protect local employment – rather than commercial. 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. TKHS recently was appointed a logistics service provider for the Crown Sydney casino-hotel project, currently under construction in Barangaroo, Sydney, New South Wales. The Grand Lisboa Palace casino resort (pictured) in Macau’s Cotai district, promoted by casino operator SJM Holdings Ltd, has launched a foreigner gaming zone, the company has confirmed to GGRAsia in response to our enquiry. 05 billion in 2023, and US$1. 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”. 80 billion. 0 percent in third-quarter 2019. To get the day’s top headlines delivered to your inbox every morning, sign up for our 5 Things newsletter. Está siguiendo una dieta baja en grasa. Jun 01, 2023 Newsdesk Latest News, Macau, Top of the deck. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()The country boasts a sizeable, licensed casino industry. 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. -based casino developer Las Vegas Sands Corp. G2E Asia, organised by the American Gaming Association and Reed Exhibitions, had been staged annually in Macau from 2007 and up to 2019. 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. 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. 32 billion in 2024. 58 million sq. 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 30, the first quarterly group profit since Jeju Dream Tower’s opening in. 0 million) in the six months to September 30, the first half of its current financial year. 42 billion), said on Wednesday the local regulator, the Gaming Inspection and Coordination Bureau. 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. Guangdong court in reminder on ‘cross-border’ bet crime. 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. Macau has 11 satellite casinos that continued to operate under the new 10-year gaming concessions that started on January 1. 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 reporting quarter is also the company’s first quarter of fiscal year 2024. The company’s EBITDA might reach HKD6. 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. GGRAsia has approached Galaxy Entertainment seeking comment on the addition of a junket at Galaxy Macau, and asking if more junkets would also be hosted at Yinzuan Club. 7 percent from MOP14. Nov 15, 2022 Newsdesk Latest News, Macau, Top of the deck. Resorts World Cruises drops Okinawa-Sanya for SE Asia ports. The sentence was read out on Wednesday (January 18) at the city’s Court of First Instance by the presiding judge, Lou Ieng Ha. Nov 14, 2023 Newsdesk Latest News, Macau, Top of the deck. 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. The board nonetheless declared a quarterly. 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. 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. The event is scheduled to take place in Singapore, from August 24 to 26. The glass and steel Crystal Pavilion (pictured in an artist’s rendering) – as the group has dubbed it – and an. “We had a very good opening and anticipate increased visitation. 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. Oct 28, 2022 Newsdesk Latest News, Macau, Top of the deck. feet) -capacity Fira de Barcelona, from January 20 to 22, 2025. Despite posting strong revenue growth in the first quarter, Macau names are likely to wait. Jumbo aims to develop new and diversified ETG games. Bernstein Ltd. GGR rose sequentially for the third consecutive month. 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. 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. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. 8-million] per day of GGR in 2023’s May [Labour Day] Golden Week could serve as a good starting point for previewing into the October one. The Macau government collected MOP51. “We anticipate its 2024 mass GGR will be 5 percent to 15 percent stronger than in. The firm told GGRAsia on Thursday that it had deployed the units at the Galaxy Macau casino resort in late September. Read More Guangdong court in reminder on ‘cross-border’ bet crime. Singapore is to introduce a specific offence of “proxy gambling” as part of its new Gambling Control Bill, a piece of legislation that is designed also to consolidate existing betting-related laws for the city-state. “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. Read MorePhilippines 3Q industry GGR US$1. “We are pleased the new gaming legislation has passed,” said Tim McNally, referring to a statute known as. 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. One of the partner agencies is Lvmama, said Macau’s tourism bureau, in an emailed reply to an enquiry from GGRAsia. 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. 47 billion) non-gaming and overseas-marketing spending pledges by up to. 55 billion (US$769 million) in full-year 2025. SOFTSWISS Sportsbook 3Q GGR up 523pct y-o-y. Ms Zou’s “deep understanding of the pan-Asian consumer will enable her to effectively lead the Wynn team in customer. Referring to a Friday announcement by the national authorities. Mainland Chinese tourists accounted for more than half of the aggregate number of visitors in the January to September period, at 353,220. 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. 8 million, Sands China stated in a filing to the Hong. 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. 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. 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. 17), with the lowest bets there still in the hundreds of Hong Kong dollars. The calculations by Deutsche Bank analyst Carlo. 0 million for 2023; HKD29. 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. 58 billion) in full calendar year 2018, up by 22. Mr Lei noted in his Wednesday comments: “This MOP10-billion fund is to help employees, residents and SMEs [small and medium-sized enterprises]. “This looks like another step” in the “direction,” of firmer control he added, referring to the proxy gambling. In September and August, casino sales had fallen sequentially at the property on Jeju, a semi. 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. That would imply a daily run-rate of MOP528 million, which is “ahead of (surprisingly) strong April. According to an announcement published on Wednesday in Macau’s Official Gazette, Ms Senna Fernandes has been. 95 billion, up 305. 4bln in year to Oct. Its 2023 forecast as issued in November had been for above US$19. The first phase of a multibillion-U. 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. The appointment was effective from Monday (September 11), according to a social media post on the property’s official LinkedIn account. The first six days of October were part of this year’s eight-day autumn Golden Week holiday for mainland China residents. 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. 03bln, up 15pct y-o-y. Hann Casino says taps underserved Manila rich, foreigners. Mass-market baccarat generated nearly MOP20. The announcement of the Macau. Though he added that was because such credit issuance had dramatically reduced in the Macau market. The actual amounts. 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 buyer has failed to pay the remaining balance of the purchase price of US$22. The force said it had proposed a joint “task force” regarding the threat of illicit money changing. Macau’s daily casino gross gaming revenue (GGR) between April 19 and 24 rose 11 percent week-on-week, to MOP83 million (US$10. Such reimbursements are capped at HKD24. 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. We hope there will be a [daily average of] 80,000 to 90,000 visitor arrivals during the upcoming Golden Week. 0 million for 2024; and HKD38. Macau’s September daily run rate for casino gross gaming revenue (GGR) improved by at least 25. The new body – to be called the Gambling Regulatory Authority (GRA) – will be a statutory board and will be reconstituted from the. 4 percent quarter-on-quarter, through “natural attrition”. This October’s tally was 85. 26 billion (US$27. 6 percent. 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. The institution said net revenue for the sector should be about US$24. 1 percent from the prior-year period. 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. Gaming operations drag on Everi’s quarterly results. 49 billion), 315. GGR rose sequentially for the third consecutive month. 7 billion (US$13. 10 billion (US$1. It will target the mass market, according to the company. 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. For other cases, such penalties range from up to five years in prison, plus a fine; to a “controlled release along with a fine”. 29). According to the institution, the industry-wide EBITDA margin stood at 29. Everyone living in Macau needs to do a rapid antigen test (RAT) for three consecutive days from Wednesday (November 30), in case of “hidden” Covid-19 infection within the local community and to lower the risk that any pool of infection might otherwise spread. The property (pictured in. The figures represented a recovery of 66 percent and 63. 35 million visitor arrivals from Hong Kong during 2019. 1 million) in daily GGR. 5 million), versus a HKD1. 20 billion, the latter down 16 percent from a previous estimate of. Timber Stacks awards a win when matching symbols land left-to-right on the matrix, with a ‘tumble. 77 billion at the end of September, a reduction of US$100 million compared to the total debt balance as of June 30, 2023, according to the company. The city’s market-wide mass GGR “is recovering faster” than the ratings institution had forecast, added the memo. 9 billion. The cap for the year ending December 31 has been raised to US$10. Non-China VIPs key target for Asia casinos: marketers. 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. 4 percent from the prior-year period. The announcement was made via a social media post. The scheme is said to be partly backed by local hospitality firm Vinpearl Co, part of prominent Vietnam conglomerate Vingroup Co. 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. 9 percent. In the banking institution’s survey for the month,. For other cases, such penalties range from up to five years in prison, plus a fine; to a “controlled release along with a fine”. 7 percent. “Clark, as a destination, is still in its early. In a Monday filing, Ainsworth – majority-owned by Austria’s Novomatic Group AG – said the review process was “in the early stages and no expressions of interest have been received by the company”. 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. 4 percent year-on-year to US$94 million, compared to US$264 million a year earlier, according to a Tuesday announcement. Dividend restart still far for Macau ops: JP Morgan. 72 billion in April. 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. 5 percent at HKD41. 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. Macau’s October casino gross gaming revenue (GGR) was up 30. GGRAsia asked the gaming bureau via a follow-up enquiry, whether: the regulator had received any complaints regarding the perceived safety of casino chip attribution system technology – also known in the industry as CCAS; whether the bureau had discussed such a matter with the casino operators; and whether there was the. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. 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. Acquiring VIP and premium-mass gamblers from outside China is a priority for Asia Pacific casino operators, say several industry marketing specialists spoken to by GGRAsia. 1 million), up 15. The group’s third-quarter gross gaming revenue (GGR) was nearly HKD8. DigiPlus says ‘no imminent plans’ for Boracay casino. 3 percent from the comparable 2022 period. The figure represented. 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. 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. Macau’s casino gross gaming revenue (GGR) contracted 3. 0 million for 2025. 6 percent compared to only PHP96. 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. So said several commentators in remarks to GGRAsia. 81 billion (US$117. That would be before the national government has published its so-called basic policy on IRs, a milestone likely in the first quarter 2020. Read More Philippines 3Q industry GGR US$1. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning, marking. Sep 26, 2023 Newsdesk Latest News, Macau, Top of the deck. But he added that because such actions were tantamount to what he termed “illicit currency swaps [exchange]” – it should be looked at instead. They include: fresh Covid-19 outbreaks; slower. Macau’s casino gross gaming revenue (GGR) stood at MOP11. Jeju Sun’s operation has been paused since March 21, 2020. Macau non-gaming desirable, ops cannot do it all, say pundits. The. 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. “This suggests the reopening recovery is still ongoing. A Thursday release on behalf of W Hotels – a marque of hotel conglomerate Marriott International Inc – had said W Macau was “slated to open on September 8” at Studio City, a Macau casino resort property majority-owned by global gaming operator Melco Resorts and Entertainment Ltd. 5 percent sequentially in. 0 million for 2025. Macau casino GGR US$825mln for October 1 to 8: JPM. ” “Although impacted by the pandemic, Ho Tram Project Co is very proud of [its] continued development progress during this challenging time. The Philippine casino industry reported gross gaming revenue (GGR) of PHP187. ” Door still. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck. The consultation document made no mention of satellite casinos. “Latin America. The Suncity brand’s hopes of winning a Macau casino licence in an expected public retender process – due because the city’s six existing concessions expire in 2022 – may have been dealt a blow by allegations in Chinese mainland media that it facilitated online gambling. GGRAsia approached Las Vegas Sands regarding the reportedly-commissioned new probe. The cap for the year ending December 31 has been raised to US$10. in alphabetical order— adds its own flair and style to these game mechanics. ” He added: “As a result we will continue to develop fresh plans that are acceptable to achieve the objective of creating tourism venues and at the same time respecting the historical and spiritual wonder of the Angkor Wat site. Some political voices in Thailand that favour legalising bricks-and-mortar casinos stop short of supporting the legalisation of online gambling. Such revenue was up 374. According to information gathered by GGRAsia’s Japan correspondent, Mayor Matsui reiterated Osaka’s desire to start its request-for-proposal (RFP) phase with potential private-sector partners this month. 85 billion), according to official data. But the official said the government could not demand the six casino concessionaires to make such salary adjustment. That is despite the announcement in recent days of Covid-19 infection in Macau. China has had heightened scrutiny of those of its wealthy interested in “cross-border gambling”. His comments were made. Each slot-maker also continues to change the landscape of casinos through. 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. com is a website and newsletter about the Asian casino industry. The Macau government forecasts the city’s 2024 “income” from casino gaming will be “MOP200 billion” (US$24. The Macau government estimates the city’s 2023 casino gross gaming revenue (GGR) will be MOP216. Read More What: GGRAsia, a business-to-business website and newsletter for the Asian casino industry. Sep 29, 2023 Newsdesk Latest News, Trends & Tech. The tally was up 107. Galaxy Entertainment however sees the “extensive refit” of Grand Waldo as not final. Alejandro Tengco (pictured in a file photo), chairman and chief executive of the Philippine casino regulator, the Philippine Amusement and Gaming Corp (Pagcor), has told GGRAsia it has already had “numerous” expressions of interest regarding the selling off of state-owned Casino Filipino gaming venues. Oct 07, 2022 Newsdesk Latest News, Macau, Top of the deck. 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. “In this market, you see a lot of supply. Deutsche Bank’s revised estimate is. Historically, casino transactions account for a majority of the city’s flagged financial activities. 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. That is according to data released on Wednesday by the local regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ. 3 percent of Macau’s casino GGR in the period. GGRAsia is a website and newsletter about the Asian sector of the casino industry. The United Arab Emirates in the Middle East is considering granting a casino licence to each of its seven constituent emirates, reported Bloomberg, citing a person said to be familiar with the matter. Nov 13, 2023 Newsdesk Latest News, Singapore, Top of the deck. 86 million visitor arrivals. A loan of up to US$80 million offered to casino operator NagaCorp Ltd from the trust set up by its founder and controlling shareholder Chen Lip Keong, is a “credit positive”, says Moody’s Investors Service Inc, as it would address the 2024 maturity of a company bond. 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 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. 01 billion, a rise of 295. In June, the firm had mentioned that the main. feminine noun. Nov 10, 2023 Newsdesk iGaming, Latest News. SJM excess labour costs down 12pct q-o-q: brokerage. The Macau government collected just above MOP26. 05 billion, with industry-wide net profit at US$2. 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. The city’s market-wide mass GGR “is recovering faster” than the ratings institution had forecast, added the memo. 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. Third-quarter net income from continued operations was US$80 million, compared to US$20 million a year earlier. Construction of the Gold Coast Entertainment City project is near completion, said Mr Villar in a group. 2 days ago · Ex-LT Game exec Betty Zhao now SVP Aruze Gaming Global. 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 Macau government is currently conducting a public consultation – due to end on Friday (October 29) – on its proposed revision of the city’s gaming law. The fine was issued in September by the Financial Intelligence Unit (FIU), a body under South Korea’s Financial Services Commission, according to local media. Alan Feldman (pictured), described as one of the world’s leading experts on responsible gaming, “has agreed to serve” on the committee, according to the announcement. Online gaming compliance testing services have become an important part of the testing work being done by Gaming Laboratories International LLC (GLI) in Asia, says Ian Hughes (pictured), the firm’s vice president of global services. 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. 1,557 likes · 3 talking about this. Macao Government Tourism Office (MGTO) has confirmed to GGRAsia it has has been working with a number of major mainland online travel agencies to promote Macau-Hengqin tours aimed at families. 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. 54 billion (US$3. The event is scheduled to take place in Singapore, from August 24 to 26. 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. That was according to a. ”. Such a daily tally for the start of the. This detergent cuts the grease better than all the rest. 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. 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. “The buyer has failed to pay the remaining balance of the purchase price of US$22. Macau orders 3 days of home testing amid Covid alert. Donaco reported group net revenue of AUD9. The third-quarter loss at Macau casino operator SJM Holdings Ltd declined by 78. 85 billion (US$1. The breaches related to 2022 but were only made public on Tuesday at an audit hearing for. GGRAsia takes its name from a phrase instantly recognisable to the casino investment community - 'gross gaming revenue'. 5 million in the third quarter. “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. Wynn Resorts unveils US$2bln Wynn Palace extension. 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. e. The institution announced on October 26 an “off-cycle” 25 basis points rate hike, raising its benchmark interest rate to 6. 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. It took Macau’s GGR for the nine months to September 30 to about MOP128. 8 percent month-on-month, to MOP10. it/SkDY0K34. 55 billion this year, versus a previous estimate of US$6. 3 percent in the three months to September 30, compared to 29. 50 billion (US$2. One of them was a verdict – on an unspecified date – of the. That would be circa 8 percent higher than a 25-million figure mentioned by MGTO director Maria Helena de. 4bln in year to Oct. A total of 143 casinos in Cambodia have submitted their annual licensing application to the country’s gaming regulator. 3pct from overseas. May 11, 2023 Newsdesk Latest News, Macau, Top of the deck. So says Jerry Hu (pictured), regional business development manager for land-based gaming at Jumbo. 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. 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. “If the visitor traffic from Hong Kong can resume normal levels by the third quarter next year, I think the Macau government’s estimates of the city receiving 14 million tourist arrivals from both the mainland and Hong Kong is still realistic,” Mr Wu told GGRAsia. The promoter also organises gaming-industry-related gatherings in North America and Africa. ”. That was well above the circa 146,500 signatures – or 2 percent of the local electorate – required to trigger a requirement for Osaka’s governor to move to the next step along the path to a referendum. Nov 24, 2023 Newsdesk Latest News, Philippines, Top of the deck . He told GGRAsia: “Osaka, Wakayama and Nagasaki and their IR partners will each have to earn national approvals for their IR development plans. Lance Gautreaux is the new chief casino officer of Philippine gaming and leisure complex Newport World Resorts. The investment pledge is part of an agreement with the country’s gaming. 7 million, up 138. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()China’s move to criminalise any efforts to organise and solicit mainland residents for the purposes of gambling abroad, is “definitely not good news” for Macau’s junket sector, said Luiz Lam Kai Kuong, a veteran Macau junket investor, in comments to GGRAsia. G2E Asia, organised by the American Gaming Association and Reed Exhibitions, had been staged annually in Macau from 2007 and up to 2019. 67 trillion (US$248. A ‘Jin Ji Bao Xi Grand’ entrance from Light & Wonder. Visitors from South Korea more than. Nov 14, 2023 Newsdesk Latest News, Macau, MGS Entertainment Show, Top of the deck. Based on GGRAsia’s observations, baccarat as usual was the Macau customers’ favoured game. A veteran promoter of VIP gaming in Macau has confirmed to GGRAsia that “for about six months” he has again been involved in such a business arrangement: in this case with Macau gaming concessionaire MGM China Holdings Ltd at. 42 billion), said on Wednesday the local regulator, the Gaming Inspection and Coordination Bureau. Find out about the earnings, workforce, tax revenue, AML and gaming equipment of the region's casinos and operators. 60 billion (US$153.