The announcement was made via a social media post. 67 trillion (US$248. Nov 17, 2023 Newsdesk iGaming, Latest News. Referring to a Friday announcement by the national authorities. Resorts World Manila is rebranding as “Newport World Resorts” (pictured) from Wednesday (July 20), the management of the Philippine gaming and leisure complex said in a press release that day. The firm’s EBITDA is estimated at US$1. 3pct from overseas. “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. Casino equipment supplier Novomatic AG has told GGRAsia the firm has “not sold gaming equipment to the Russian market over the past years”. The aggregate take for January to October was up 215. The cited request comes as the city fights its most serious Covid-19 outbreak since the pandemic began in early 2020. Oct 10, 2023 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck . 9 percent from the prior-year period, said the country’s gaming regulator. 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. 1 million) as of January this year, reported the Vietnam Investment Review, citing a document generated by Quang Nam province, the place where the property is based. JP Morgan said that based on its own checks, Macau-market GGR for the first 18 days of June was estimated at MOP9. That is despite the announcement in recent days of Covid-19 infection in Macau. GGRAsia approached Galaxy Entertainment for comment on the report, but had not received a reply by the time this story went online. The aggregate amount is US$107. GGRAsia | 4,024 followers on LinkedIn. Nov 14, 2023 Newsdesk Latest News, Singapore, Top of the deck. Everi Holdings Inc reported revenue of US$206. 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. We hope there will be a [daily average of] 80,000 to 90,000 visitor arrivals during the upcoming Golden Week. China has had heightened scrutiny of those of its wealthy interested in “cross-border gambling”. The 16,000-seat, multipurpose Galaxy Arena. Non-China VIPs key target for Asia casinos: marketers. 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. Mohegan Inspire soft opening scheduled for Nov 30. 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. The new gaming venue, launched in March and branded “Perlas Club”, offers 200 slot machines, as well as six gaming tables for baccarat, roulette, and blackjack, the property’s promoter said in a Monday press release sent to GGRAsia. The city’s market-wide mass GGR “is recovering faster” than the ratings institution had forecast, added the memo. The proportion of Macau visitors in October this year. ”. 60 billion (US$153. Macau’s tourism industry is currently preparing package tour products aimed at overseas markets that already have direct flights to the city, namely South Korea, Japan, Malaysia, Singapore and the. “The strength in our business has continued in the fourth quarter with mass drop in October, 24 percent above October 2019, 98 percent hotel occupancy, and healthy tenant retail sales,” said the group CEO on the parent’s earnings. The consultation document made no mention of satellite casinos. It took Macau’s GGR for the nine months to September 30 to about MOP128. Gaming software and services provider SOFTSWISS says the Asia-Pacific (APAC) region “offers a substantial opportunity” for the iGaming industry in 2024. This October’s tally was 85. 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. Under the updated regulatory framework. 85 billion (US$1. In comments to GGRAsia, Macau’s Sports Bureau indicated the public-sector role was mainly one of facilitation for initiatives from the community and the private sector – specifically mentioning the gaming concessionaires – rather than ‘big-picture’ planning. -based casino developer Las Vegas Sands Corp. The firm said that was “contrary to some recent media reports”. Corona Resort and Casino (pictured in a file photo) – a gaming complex located on Vietnam’s Phu Quoc island – has announced on its official website that operations at the resort and gaming facilities recommenced on Friday (May 8), after a month-long pause amid the Covid-19 pandemic. 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. ” “Although impacted by the pandemic, Ho Tram Project Co is very proud of [its] continued development progress during this challenging time. 61 billion in the preceding quarter. (oily substance) a. The glass and steel Crystal Pavilion (pictured in an artist’s rendering) – as the group has dubbed it – and an. The event is scheduled to take place in Singapore, from August 24 to 26. 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. The official – who oversees the tourism and gaming sectors – declined. Global Gaming Business OCTOBER 2021. Macau recorded over 7. 45 billion (US$18. The Macau government collected MOP51. Maria Helena de Senna Fernandes, director of Macao Government Tourism Office (MGTO), was speaking on the sidelines of a public event. Lui Che Woo, chairman of Galaxy Entertainment, was quoted in the announcement as saying: “From the. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. 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. “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. G2E Asia, organised by the American Gaming Association and Reed Exhibitions, had been staged annually in Macau from 2007 and up to 2019. The data revealed that the number of. 26 billion (US$27. Suncity Group Holdings Ltd, a Hong. 8 percent from the preceding quarter. It nonetheless expects a fiscal deficit for 2023, with aggregate income – including from a. 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. Third-quarter net income attributable to gaming equipment maker and content provider International Game Technology Plc (IGT) fell 64. The Philippine casino sector produced gross gaming revenue (GGR) of PHP56. 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. 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. It will target the mass market, according to the company. 0 million (US$507. Ian Hughes, chief commercial officer for Gaming Laboratories International LLC (GLI), has highlighted the significance of testing services for products utilising artificial intelligence (AI) within the gaming industry as a key component of the company’s growth strategy. 4bln in year to Oct November 17, 2023; SJM excess labour costs down 12pct. 61 million passengers handled in 2019, the last trading. 8 percent from the preceding quarter. 25 (US$4. They include: fresh Covid-19 outbreaks; slower. 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. The firm stated this was based on its “outstanding performance in environmental, social and governance (ESG)” matters. Macau gaming operator says it has raised the annual cap set for transportation, logistics and technical services provided by its parent company, U. It was the best monthly performance since January 2020, at the very beginning of the Covid-19 pandemic, when the city’s. 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. Macau embracing electronic play, new clients: Galaxy COO. 4bln in year to Oct. by 31 October 2023,” stated LET in a Wednesday filing. Nov 14, 2023 Newsdesk Latest News, Macau, MGS Entertainment Show, Top of the deck. 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. The cap for the year ending December 31 has been raised to US$10. 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’s daily casino gross gaming revenue (GGR) between April 19 and 24 rose 11 percent week-on-week, to MOP83 million (US$10. Casino equipment supplier Sega Sammy Creation Inc has installed the first units of its Genesis Crest 43J cabinet series in the Macau market. In comments to GGRAsia, Macau’s Sports Bureau indicated the public-sector role was mainly one of facilitation for initiatives from the community and the private sector – specifically mentioning the gaming concessionaires – rather than ‘big-picture’ planning. U. 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. The institution announced on October 26 an “off-cycle” 25 basis points rate hike, raising its benchmark interest rate to 6. GGR rose sequentially for the third consecutive month. A unit of Japan’s Sega Sammy Holdings Inc is to pay US$1. In September, it was reported that the management at Marina Bay Sands hired prominent Singapore law firm Davinder. 2022 action packed to the last for Asia casino sector. 34 billion in the second quarter this year, accounting for a share of nearly 73. The Philippine gaming sector could be “competing with Singapore” for the top gross gaming revenue (GGR) position regionally over the next few years, following a rapid recovery from Covid-19 disruptions, suggests industry consultancy GCG Gaming Advisory Services Pty Ltd. 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. Apr 14, 2023 Newsdesk Japan, Latest News, Top of the deck. Guangdong court in reminder on ‘cross-border’ bet crime. Nov 15, 2022 Newsdesk Latest News, Macau, Top of the deck. A total of 87 out of an aggregate 171 casino-licence applications had resulted in renewal as of October 10, said Ros Phirun, secretary general at the Commercial Gambling Management Commission of Cambodia, in recent comments to GGRAsiaMacau May GGR set for new post-Covid peak: brokerage. ” He added, regarding his staffing: “We have a solid poker team. 20 billion, the latter down 16 percent from a previous estimate of US$2. The first six days of October were part of this year’s eight-day autumn Golden Week holiday for mainland China residents. Melco Resorts’ costs are put at 105 percent to 107 percent of 2019. Mainland Chinese tourists accounted for more than half of the aggregate number of visitors in the January to September period, at 353,220. It was the best monthly performance since January 2020, at the very beginning of the Covid-19 pandemic, when. What does grasia mean? Information and translations of grasia in the most comprehensive dictionary definitions resource on the web. Oct 26, 2023 Newsdesk Latest News, Trends & Tech. 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. The 15 percent figure was understood to be a reference to share of Macau casino gross gaming revenue (GGR). Mr Lei noted in his Wednesday comments: “This MOP10-billion fund is to help employees, residents and SMEs [small and medium-sized enterprises]. 2 days ago · Ex-LT Game exec Betty Zhao now SVP Aruze Gaming Global. Such sharp increase would be linked to a strong rebound in the city’s tourism and casino sectors, according to the research. 55 billion (US$6. 3. 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. Cambodia has started operating its already-flagged new casino taxation system based on gaming revenue, rather than on lump-sum payments, it was reported on Monday. 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 law on commercial gambling. 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. 50 billion (US$2. Casinos are coming under renewed scrutiny by global regulators seeking to crack down on money laundering and misconduct within the gaming industry worldwide. 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”. 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. 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. 7 percent. 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. it/SkDY0K34. “Standing bets are allowed. 6 million). Nov 14, 2023 Newsdesk Latest News, Macau, Top of the deck. Taiwan-based casino equipment supplier Jumbo Technology Co Ltd is planning to develop more games for the electronic table game (ETG) segment in Macau. So said Greg Saint (pictured), ICE Asia event director, in an interview with GGRAsia. 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. Oct 25, 2023 Newsdesk Japan, Latest News, Top of the deck. Though he added that was because such credit issuance had dramatically reduced in the Macau market. GGRAsia. A few junkets still active in Macau: industry veteran. 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. 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”. Singapore’s Gambling Regulatory Authority (GRA) has asked the Marina Bay Sands (MBS) casino resort to “conduct further investigations on its casino loyalty programme”, the regulator said in a statement emailed to GGRAsia on Wednesday. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. 55 billion this year, versus a previous estimate of US$6. Nov 10, 2023 Newsdesk Latest News, Top of the deck, World. May 11, 2023 Newsdesk Latest News, Macau, Top of the deck. 4 percent year-on-year, to HKD410 million (US$52. 03bln, up 15pct y-o-y. The authorities in Japan’s Nagasaki prefecture have told GGRAsia they have no information yet on the timing of the national government’s decision regarding their application to host an integrated resort (IR) with casino. 55 billion (US$6. 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 casino regulator said the meeting was to better “understand the situation” regarding claims that the brand was. Such a daily tally for the start of the. 0 million for 2025. In September and August, casino sales had fallen sequentially at the property on Jeju, a semi. Fitch highlights a few risks faced by Macau’s casino sector. 7 million (US$6. 61 billion in the preceding quarter. So says Jerry Hu (pictured), regional business development manager for land-based gaming at Jumbo. 95 billion, up 305. May 11, 2023 Newsdesk Latest News, Macau, Top of the deck. Macau hotel occupancy in September dips m-o-m. 4 percent from a year earlier. 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. 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. 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”. Application programming interface (API) scenarios represent about “60 percent of vulnerabilities within an organisation,” when it comes to cybersecurity generally, says Ian Hughes, chief commercial officer of Gaming Laboratories International LLC (GLI), a specialist in technology testing, compliance and security for the gaming industry. That was according to a. The government has said such a step is needed, to pave the way for a fresh public tender for Macau gaming rights. 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. Despite posting strong revenue growth in the first quarter, Macau names are likely to wait. Nov 07, 2023 Newsdesk iGaming, Latest News. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning,. Find out about the earnings, workforce, tax revenue, AML and gaming equipment of the region's casinos and operators. Graellsia is a genus of small perennial sub- caespitose herbs in the family Brassicaceae. - based casino operator and hospitality business Hard Rock International Inc has previously confirmed its interest in developing a casino at the beach resort. 6 percent month-on-month, at just over MOP19. 0 million for 2025. 94 billion (US$1. The Macau government forecasts the city’s 2024 “income” from casino gaming will be “MOP200 billion” (US$24. Deutsche Bank ups Macau 2023 GGR forecast after Feb data dlvr. Macau’s casino gross gaming revenue (GGR) stood at MOP11. 85 billion), according to official data. 55 billion. Why: To provide the gaming industry with up-to-date news and information. This detergent cuts the grease better than all the rest. 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. “This is also higher than the current market consensus and the change is mainly due to the. 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”. Though he added that was because such credit issuance had dramatically reduced in the Macau market before. A representative at Jeju Dream Tower casino, a foreigner-only venue on the holiday island of Jeju, told GGRAsia that following the ministry’s ruling, it had since April converted an ETG stadium with 71 seats, to a fully-automated setup (pictured). 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,. “Timber Stacks” is the latest digital slot offer from online gaming content provider Pragmatic Play Ltd. 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. 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. 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. 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. But China’s State Council has this year designated April 29 to May 3 inclusive, as a holiday period on the Chinese mainland. ” Mr McNally did not give details of how many members of the public visited for the reopening. “We had a very good opening and anticipate increased visitation. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. “The buyer has failed to pay the remaining balance of the purchase price of US$22. 86 million visitor arrivals. The institution said net revenue for the sector should be about US$24. Macau’s Financial Intelligence Office has told GGRAsia it is expected the city’s 2023 tally of suspicious transaction reports (STRs) will reach “near 2019-level”, as the volume of Macau casino gaming transactions gradually recovers. That is according to data released on Wednesday by the local regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ. 94 billion (US$1. 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. Paradise Co Ltd, an operator of foreigner-only casinos in South Korea, reported net profit attributable to shareholders of KRW35. Gaming Laboratories International, LLC. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()Jan 09, 2023 Newsdesk Latest News, Macau, Top of the deck. In June, the firm had mentioned that the main. The investment pledge is part of an agreement with the country’s gaming. The announcement of the Macau event coincides. 6 percent more than the level of PHP96. DigiPlus says ‘no imminent plans’ for Boracay casino. 6 percent from the comparable 2022 period. GGRAsia takes its name from a phrase instantly recognisable to the casino investment community - 'gross gaming revenue'. 1 million), up 15. 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. JP Morgan estimated last week’s Macau GGR was about MOP400 million (US$50 million) per day, which its. A number of commentators spoken to by GGRAsia indicated that public support was vital for the plan to have a chance of success. Macau gaming tax revenue tops US$6. 1 percent year-on-year. GGRAsia approached Suncity Group on Friday, seeking comment on that report by The Age. 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. The sentence was read out on Wednesday (January 18) at the city’s Court of First Instance by the presiding judge, Lou Ieng Ha. 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 Macau authorities. 0 million for 2023; HKD29. 34 billion), which is as much as 90. The. 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. GGRAsia approached MGTO to confirm the details of the subsidy scheme, but did not receive a reply by the time the story went online. Jeffrey Kiang, an analyst at brokerage CLSA Ltd, said in response to an enquiry for GGRAsia regarding autumn Golden Week “…the MOP643-million [US$79. Macau casino GGR US$348mln for Nov 1 to 5: JP Morgan November 6, 2023; SJM Holdings, Melco group outlooks now stable: Moody’s November 17, 2023 Macau 3Q GDP more than doubles as gaming exports soar November 17, 2023; Macau gaming tax revenue tops US$6. Each slot-maker also continues to change the landscape of casinos through. by 31 October 2023,” stated LET in a Wednesday filing. Nine of the 11 continuing satellite casinos rely on SJM Holdings for gaming. 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. 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. “We anticipate its 2024 mass GGR will be 5 percent to 15 percent stronger than in. The government wants the integrated resorts [IR] to feed tourists to the local communities. 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 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. Jumbo aims to develop new and diversified ETG games. 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”. A ‘Jin Ji Bao Xi Grand’ entrance from Light & Wonder. The official – who oversees the tourism and gaming sectors – declined. A revised “Osaka IR District Development. Read More What: GGRAsia, a business-to-business website and newsletter for the Asian casino industry. 7 billion. 55 billion in 2021. 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. 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. Apr 04, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck. Oct 20, 2023 Newsdesk Latest News, Macau, Top of the deck. 8 percent below the tally recorded for July. We additionally asked Suncity Group if it had been approached by the ACIC regarding any matters under investigation by the latter. 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. 3 million), estimates a Monday note from brokerage Sanford C. A spokesman said it had no comment. To get the day’s top headlines delivered to your inbox every morning, sign up for our 5 Things newsletter. 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. Macau’s October casino gross gaming revenue (GGR) was up 30. Macau’s gross domestic product (GDP) could soar by up to 44. Nov Macau premium mass average bet circa US$2. “We are pleased the new gaming legislation has passed,” said Tim McNally, referring to a statute known as. . 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. 0 percent year-on-year, “as a result of higher operating expense and depreciation reflecting higher labour costs and. Nov 13, 2023 Newsdesk Latest News, Singapore, Top of the deck. Casino sales rose 38. The promoter also organises gaming-industry-related gatherings in North America and Africa. GGRAsia understands those tables will be returned to the new-look Grand Waldo complex. 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. The W Macau hotel tower at Studio City Phase 2 (pictured in a rendering) in Macau is due to open in September, says Lawrence Ho Yau Lung, chairman and chief executive of Melco Resorts & Entertainment Ltd. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck. Veteran Macau-based junket operator U Io Hung, a representative of the Macau Gaming Promoter Professionals Association, told GGRAsia. 85 billion), according to a Sunday announcement from the local regulator, the Gaming Inspection and Coordination Bureau. 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. 2 percent year-on-year. 81 billion (US$117. 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). South Korea’s casino trade association has so far acquired circa 70 members, Ms An told GGRAsia. 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. 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. We have worked and will continue to work closely with regulators in jurisdictions to help them understand the possibilities, risks, and best practices to continue to ensure the industry’s strength and stability. 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. 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. Kevin Kelley, chief operating officer, Macau, for Galaxy Entertainment, had told GGRAsia in July that the group was “exploring a few more” junket partners as. Wynn Resorts unveils US$2bln Wynn Palace extension. The appointment was effective from Monday (September 11), according to a social media post on the property’s official LinkedIn account. The figure represented a 10-percent increase from the results of the pre-pandemic third quarter in 2019, said a Wednesday. “This suggests the reopening recovery is still ongoing. , to protect local employment – rather than commercial. The. Construction of the Gold Coast Entertainment City project is near completion, said Mr Villar in a group. Morgan Stanley now expects Macau’s gaming industry EBITDA to reach nearly US$6. 9 percent of the nearly 3. Macau recorded a total of 17. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()The country boasts a sizeable, licensed casino industry. 6-million deal to sell a plot of land in Hokkaido, Japan, has been terminated. Even in the so-called ‘grind’ or ‘base’ mass segment, minimum bets were sometimes as high as HKD3,000 (US$382. 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. 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. SJM posts US$73mln in 3Q EBITDA, narrows quarterly loss. Quarterly net revenues at Macau casino operator MGM China Holdings Ltd rose by 9. 77 billion at the end of September, a reduction of US$100 million compared to the total debt balance as of June 30, 2023, according to the company. 8 percent sequentially. 4 percent year-on-year to US$94 million, compared to US$264 million a year earlier, according to a Tuesday announcement. AI test work integral to growth strategy at GLI: Ian Hughes. Visitors from South Korea more than. 51 billion (US$2. Mr Feldman, who spent nearly 30 years with casino operator MGM Resorts International, is a Distinguished Fellow at the University of Nevada, Las Vegas’. 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. Maybank currently expects Genting Malaysia to post earnings before interest, taxation, depreciation, and amortisation amounting to MYR3. Bernstein Ltd. (Updated 6. 05 billion (US$776,512) for regulatory breaches, including anti-money laundering (AML) failures, over a three-year span. The figure compared with an August GGR result of MOP17. 7 percent from a year earlier, to nearly. 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. Apr 14, 2023 Newsdesk Japan, Latest News, Top of the deck. 01 billion, a rise of 295. . 54 billion (US$3. Judged year-on-year, such revenue rose by. The breaches related to 2022 but were only made public on Tuesday at an audit hearing for. But the same report said that while some emirates might move forward with developing a casino. Ms Zou’s “deep understanding of the pan-Asian consumer will enable her to effectively lead the Wynn team in customer. The Macau government collected MOP51. 27 trillion. Macau’s October casino gross gaming revenue (GGR) was up 30. Available to guests from that day will be three hotel towers with 1,275 rooms; a multi. Nov 10, 2023 Newsdesk iGaming, Latest News. 7 percent from MOP14. Mr Power also confirmed that the project. Macau 20mln visitors in year to Sept, 4. 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. “This committee will solicit experts within our membership to create ready-to-use standards to improve cyber resilience,” added Mr DeRaedt. The title presents players with symbols including bears, cougars, and wolves on a 5 x 5 grid. 21 million achieved in October 2019, the year prior to the start of the Covid-19 pandemic, showed the data. 2. The UM team estimates that. 4bln in year to Oct. MGM China 3Q net revenue up 10pct q-o-q, to US$813mln. This is according to Kim Jong-min, a former national. 7 billion (US$13. 25 billion. So said several commentators in remarks to GGRAsia. Oct 07, 2022 Newsdesk Latest News, Macau, Top of the deck. e. 2 million) in the three months to September 30, up 40. 7. This marked the second consecutive quarter of growth. That is according to Robert Goldstein. 03 billion) in the third quarter, a slight increase from PHP56. Hong Kong-listed LET Group Holdings Ltd, an investor in Asia-Pacific region casino projects, says a US$27. Andaz Macau, the second of the two new hotels in Phase 3 of the Galaxy Macau casino resort, is “expected to fully open all 700 rooms by Chinese New Year [CNY] 2024,” says a Thursday note from CBRE Securities LLC, referring to an important holiday period in mainland China. SOFTSWISS Sportsbook 3Q GGR up 523pct y-o-y. View the latest US news, top stories, photos and videos from around the nation. The Macau government is to reduce its 2022 gross gaming revenue (GGR) forecast for the city’s casino industry. 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 Japanese government is continuing the review of Kyushu-Nagasaki IR, but no schedule has been given,” said. R&F Korea (RFKR), a firm linked to Hong Kong-listed Chinese developer. ”. ” 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. The Daegu Casino in South Korea has been fined KRW1.