In April, the government had confirmed to GGRAsia the plan for a bill to cover an update to the city’s illegal gambling regime as part of a number of regulatory steps impacting the gaming sector. “In this market, you. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck. GGRAsia approached MGTO to confirm the details of the subsidy scheme, but did not receive a reply by the time the story went online. 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. 6 million). Based on GGRAsia’s observations, baccarat as usual was the Macau customers’ favoured game. Judged year-on-year, such revenue rose by 32. G2E Asia, organised by the American Gaming Association and Reed Exhibitions, had been staged annually in Macau from 2007 and up to 2019. Nov 07, 2023 Newsdesk Latest News, Singapore, Top of the deck. ”. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. 7. It is the latest iteration of the firm’s “Jin Ji Bao Xi” game series, and is launching with the “Tiger” and “Phoenix. Referring to a Friday announcement by the national authorities. 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. 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. She's following a low-fat diet. According to the report, It is expected that Laguna Lăng Cô would “contribute US$245 million” annually to the budget of Thua Thien Hue province from 2021 onward. Set in a town in the American Wild West, the game features symbols including bottles and sheriff badges appearing on the game grid. 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. So far this year, only 13 licences have been issued, Ros Phirun, Secretary General at the Commercial Gambling Management Commission of Cambodia, told GGRAsia. Read More What: GGRAsia, a business-to-business website and newsletter for the Asian casino industry. 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. 4 percent year-on-year to US$94 million, compared to US$264 million a year earlier, according to a Tuesday announcement. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. 01 billion, a rise of 295. International casino operator Las Vegas Sands Corp says it has amended with banking partners certain term loans regarding a US$1. ”. 61 million passengers handled in 2019, the last trading. 6 percent from the comparable 2022 period. Macau hotel occupancy in September dips m-o-m. The announcement was made on Monday by Macau’s Chief Executive Ho Iat Seng (pictured in file photo), while speaking to the press after a public event. 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. -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. 85 billion (US$1. Remedy for Macau illicit money swap biz still in review: govt. 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”. Macau’s September daily run rate for casino gross gaming revenue (GGR) improved by at least 25. 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. Despite posting strong revenue growth in the first quarter, Macau names are likely to wait. 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. 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. It did not specify when she was appointed. The figure compared with an August GGR result of MOP17. Nov 14, 2023 Newsdesk Latest News, Macau, MGS Entertainment Show, Top of the deck. Nov 14, 2023 Newsdesk Latest News, Singapore, Top of the deck. But local gaming scholar Wang Changbin said, in comments to GGRAsia, that China shows no sign of easing its “dynamic zero-Covid” policy regarding community management of Covid-19 infection risk, and it may persist into next year. Macau has fallen to third spot regionally in terms of gross gaming revenue (GGR) in the three months to September 30, behind Singapore and the Philippines, according to figures compiled by GGRAsia. The 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. May 13, 2022 Newsdesk Latest News, Macau, Top of the deck. 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. Guangdong court in reminder on ‘cross-border’ bet crime. Este detergente corta la grasa mejor que todos. Slot win reached US$118 million, up from US$29 million a year ago, and circa 77 percent of 2019 levels. The venue is the only property in the country allowed to. Casino equipment maker and digital gaming content provider International Game Technology Plc (IGT) says it will redeem on November 7 the outstanding EUR112. 49 billion), 315. 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 cap for the year ending December 31 has been raised to US$10. 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. 3 percent in the three months to September 30, compared to 29. Mr Lui was. In its latest assessment, UBS said it expects China’s economy to grow 3. 72 billion in April. 0 million) in the six months to September 30, the first half of its current financial year. The institution said net revenue for the sector should be about US$24. “Standing bets are allowed. in alphabetical order— adds its own flair and style to these game mechanics. SOFTSWISS handles 26k player monitoring requests this year. Mar 16, 2022 Newsdesk Industry Talk, Latest News. GGRAsia. 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. 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. 2. That is the case of House committee’s vice chairman Mr Boonlue. 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. 5 percent sequentially in. The actual amounts. 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”. One of the partner agencies is Lvmama, said Macau’s tourism bureau, in an emailed reply to an enquiry from GGRAsia. The existence of the service was independently verified by GGRAsia, after checks of publicly. AI test work integral to growth strategy at GLI: Ian Hughes. Gaming software and services provider SOFTSWISS says the Asia-Pacific (APAC) region “offers a substantial opportunity” for the iGaming industry in 2024. 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 latest data took the casino GGR tally industry-wide for full-year 2022 to just above PHP184. Casino junket operators in Macau will each have to pay a guarantee of MOP1. 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. ”. Melco Resorts’ total debt stood at US$7. According to further information gathered by GGRAsia, patrons can gamble there either using cash or by establishing a rolling chip programme with Sands China. Naga new loan credit positive, risk persists: Moody’s. by 31 October 2023,” stated LET in a Wednesday filing. The debt figure was “about 70 percent higher than the level in 2019,” stated the ratings agency. 85 billion), according to a Sunday announcement from the local regulator, the Gaming Inspection and Coordination Bureau. . The idea of a new hotel tower for Cotai Expo at the Venetian Macao casino resort would represent capital expenditure (capex) additional to the MOP30 billion (US$3. 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. 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. The group’s third-quarter gross gaming revenue (GGR) was nearly HKD8. 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. According to information collated by GGRAsia’s Japan correspondent, the verification of the signatures gathered could take a month. Clarion said the venue-switch decision had been “endorsed by the ICE. He cited factors including airlines still “normalising” operations. The banking institution added it was maintaining its November full-month GGR forecast at. 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. 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. Macau’s daily casino gross gaming revenue (GGR) between April 19 and 24 rose 11 percent week-on-week, to MOP83 million (US$10. 34 million) of its EUR500. 27 trillion. 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. GEN Singapore 3Q profit up, pledges US$5bln investment. 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. GGRAsia. 15pm, Feb 17) A few junkets still active in Macau: industry veteran. The first phase of a multibillion-U. SOFTSWISS Sportsbook 3Q GGR up 523pct y-o-y. The Macau government estimates the city’s 2023 casino gross gaming revenue (GGR) will be MOP216. The promoter also organises gaming-industry-related gatherings in North America and Africa. It could be “2025 or 2026” before Macau International Airport sees 2019, i. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning,. Morgan Stanley now expects Macau’s gaming industry EBITDA to reach nearly US$6. 0 million for 2025. GGRAsia understands those tables will be returned to the new-look Grand Waldo complex. 38 billion) in the first 21 days of May, estimated JP Morgan Securities (Asia Pacific) Ltd, citing its own checks. Singapore’s Gambling Control Bill had a first reading in the country’s parliament on Monday. But the government has already discounted tackling it via. The criminal penalty idea – along with others – is subject to a 45-day public consultation that started on September 15. Lvmama is. 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. 4bln in year to Oct. . “Aruze has been doing very well in the Philippines, [at] Genting Malaysia, [in] Australia and New Zealand,” he noted, referring secondly to the operator of Malaysia’s only licensed casino resort. The 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. When: Launched in May, 2014. It will target the mass market, according to the company. 80 billion. 0 percent from the prior-year period. Oct 07, 2022 Newsdesk Latest News, Macau, Top of the deck. 9 percent from the prior-year period, said the country’s gaming regulator. 81 billion (US$117. 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. The South Korean government has confirmed to GGRAsia that the promoters of the RFKR Resort casino project at Incheon must restart building work within three months, or the authorities might reconsider the latest 12-month extension on the first-phase deadline. 8 percent below the tally recorded for July. It was about 60 percent of first-quarter 2019 levels, said parent Las Vegas Sands in April. WPT confirms Vietnam, Cambodia meetings for 2024 season. The institution calculated GGR for the first 17 days of September at. 3-acre] property in Boracay island into an integrated casino project”. GGRAsia approached Galaxy Entertainment for comment on the report, but had not received a reply by the time this story went online. Jeju Sun’s operation has been paused since March 21, 2020. 57 billion (US$1. He was speaking on Wednesday on the firm’s conference call with analysts. That could be a challenge particularly for Macau operators, that have spent more than a decade. The government wants the integrated resorts [IR] to feed tourists to the local communities. ”. 7 million, up 138. The casino regulator said the meeting was to better “understand the situation” regarding claims that the brand was. For other cases, such penalties range from up to five years in prison, plus a fine; to a “controlled release along with a fine”. Mass-market baccarat generated nearly MOP20. Nine of the 11 continuing satellite casinos rely on SJM Holdings for gaming. 8 percent sequentially. We additionally asked Suncity Group if it had been approached by the ACIC regarding any matters under investigation by the latter. Casino slot machine maker and digital games provider Aristocrat Leisure Ltd opened on Tuesday what it called “the first dedicated gaming showroom” in the Philippines. Clarion Gaming said it has reserved a total of 40,000 hotel nights for “ICE week 2025″. The latest monthly tally was up 365. 8 percent month-on-month, to MOP10. Thursday’s announcement confirmed the start of prepartory work on the project site,. 1. 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. 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. 3. GGRAsia. 2 percent achieved in January, said on Wednesday the head of the city’s tourism bureau. 59-million visitor arrivals in February , a major year-on-year improvement coinciding with the lifting in early January of most Covid-19. “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. Market-wide casino gross gaming revenue (GGR) in Macau reached MOP12. 0 million for 2024; and HKD38. 93 billion) in May, up 5. 55 billion (US$769 million) in full-year 2025. But the official said the government could not demand the six casino concessionaires to make such salary adjustment. So said several commentators in remarks to GGRAsia. “We are thrilled to welcome Betty. Macau recorded a total of 17. 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. The information had first been disclosed by Melco International. Nov 13, 2023 Newsdesk Latest News, Singapore, Top of the deck. The figure was down by 11. “We anticipate its 2024 mass GGR will be 5 percent to 15 percent stronger than in. [1] They are typically found in shady crevices of calcareous rocks at altitudes of 1,000–3,600 metres (3,300–11,800 ft). We hope there will be a [daily average of] 80,000 to 90,000 visitor arrivals during the upcoming Golden Week. 5 million), suggested Citigroup Inc in a Monday memo, citing industry sources. As of February, Macau had a total of 38,839 operational guest rooms via an aggregate of 126 hotels and inns, according to information provided by Macao Government Tourism Office (MGTO) to GGRAsia. 3 percent of Macau’s casino GGR in the period. 0 billion and US$1. Taiwan-based casino equipment supplier Jumbo Technology Co Ltd is planning to develop more games for the electronic table game (ETG) segment in Macau. 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. Jeju, a semi-autonomous island in South Korea with foreigner-only casinos, should contemplate permitting a new integrated resort (IR) with casino in the coastal location of Jungmun (pictured), to coincide with the launch of a second civil airport on Jeju if the latter scheme goes ahead. Macau’s casino gross gaming revenue (GGR) contracted 3. 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. The current GGR forecast of MOP130 billion (US$16 billion) for full-year 2022. 8 percent from the prior-year period. 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. 9 percent from the preceding quarter, but down 10. 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. A ‘Jin Ji Bao Xi Grand’ entrance from Light & Wonder. 3 percent from the comparable 2022 period. 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. Jeju Dream Tower is controlled by Korea Exchange-listed Lotte Tour Development Co Ltd. 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. The force said it had proposed a joint “task force” regarding the threat of illicit money changing. “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. Visitors from South Korea more than. The “ICE” branding is used by Clarion Gaming for a popular London, United Kingdom event each year. 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. Nov 10, 2023 Newsdesk Latest News, Top of the deck, World. 3 percent of Macau’s casino GGR in the period. 27 million, up 147. To get the day’s top headlines delivered to your inbox every morning, sign up for our 5 Things newsletter. Everi Holdings Inc reported revenue of US$206. L&W posts US$731mln 3Q rev, says gaming sales robust. Operating income of US$52. 50 billion (US$2. Read More Philippines 3Q industry GGR US$1. 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. 30 million tourists, down 28. There has also been recent analyst commentary that the recovery of outbound tourism from. Oct 28, 2022 Newsdesk Latest News, Macau, Top of the deck. Those properties had previously been permitted to run limited gaming operations with social-distancing measures in place, albeit only during more relaxed phases of quarantine. Sep 29, 2023 Newsdesk Latest News, Trends & Tech. The institution announced on October 26 an “off-cycle” 25 basis points rate hike, raising its benchmark interest rate to 6. 90-billion loss in the prior-year period. A total of 143 casinos in Cambodia have submitted their annual licensing application to the country’s gaming regulator. “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 Philippine casino industry reported gross gaming revenue (GGR) of PHP187. That would be circa 8 percent higher than a 25-million figure mentioned by MGTO director Maria Helena de. 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”. 7 percent from MOP14. “Players must make winning combinations. 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. Mr McNally told GGRAsia: “We have already acknowledged the prior concerns expressed by UNESCO. “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. A ‘Jin Ji Bao Xi Grand’ entrance from Light & Wonder. 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. . Third-quarter net income attributable to gaming equipment maker and content provider International Game Technology Plc (IGT) fell 64. Macau gaming tax revenue tops US$6. 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. 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. Macau casino GGR US$825mln for October 1 to 8: JPM. ”. 60 billion (US$153. 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). GEN Singapore 3Q profit up, pledges US$5bln investment. 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. 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,. 1 percentage points year-on-year, showed the data. 1 percent year-on-year. (oily substance) a. So says Jerry Hu (pictured), regional business development manager for land-based gaming at Jumbo. 85 billion (US$1. e, before the property opened – and chairman of that entity since 2015. Macau gaming tax revenue tops US$6. “This committee will solicit experts within our membership to create ready-to-use standards to improve cyber resilience,” added Mr DeRaedt. “We anticipate its 2024 mass GGR will be 5 percent to 15 percent stronger than in. Oct 25, 2023 Newsdesk Japan, Latest News, Top of the deck. In a written reply to GGRAsia, MGTO said it was “actively preparing. The Macau government collected just above MOP26. Even in the so-called ‘grind’ or ‘base’ mass segment, minimum bets were sometimes as high as HKD3,000 (US$382. . Set in a town in the American Wild West, the game features symbols. 7 billion (US$13. It nonetheless expects a fiscal deficit for 2023, with aggregate income – including from a. . “We are pleased the new gaming legislation has passed,” said Tim McNally, referring to a statute known as. 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”. Goldman Sachs said that in the context of market rivals recently adding new hotel product in the Cotai district, then the 450 Raffles-branded suites would help. This marked the second consecutive quarter of growth. 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”. Nov 04, 2022 Newsdesk Latest News, Macau, Top of the deck. Macau casino GGR softened in early Nov: analysts. 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. The Macau government collected MOP51. Oct 26, 2023 Newsdesk Latest News, Trends & Tech. “Latin America. 8 percent from the prior-year period. ”. Construction of the Gold Coast Entertainment City project is near completion, said Mr Villar in a group. -based casino developer Las Vegas Sands Corp. That was because it came amid the backdrop of already-challenging trading. Hann Casino says taps underserved Manila rich, foreigners. 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. Macau embracing electronic play, new clients: Galaxy COO. Macau recorded a total of 17. 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. 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. 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. Sands China’s non-rolling table win in the mass market was US$911 million in the opening quarter of 2023, compared to US$354 million a year earlier. 5 million), versus a HKD1. 94 billion (US$1. 42 billion) in fiscal revenue from taxes on gaming in the first ten months of this year, according to the latest data released on Thursday by the. 20 billion, the latter down 16 percent from a previous estimate of US$2. 50. 1 million) in daily GGR. EBITDA for the latest reporting period stood at just above AUD5. 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. 8 million, Sands China stated in a filing to the Hong. 58 billion) in full calendar year 2018, up by 22. “As Macau has introduced more brand-new tourism elements and is exploring additional visitor-source markets in the mainland and overseas, it is. 0 million for 2023; HKD29. 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. 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. Pagcor chair, ex-chair, others face charges in E-sabong case. The source added that the casino would be the first in Vietnam to allow eligible locals to gamble, immediately upon launch. 1d Edited. 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. Since that date, the two properties have also been allowed to loosen capacity limitations at several of their non-gaming attractions. 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. Though he added that was because such credit issuance had dramatically reduced in the Macau market. 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. In the gaming supplier segment, a leading veteran of the casino technology sector – who asked not to be identified by name – expressed “surprise” to GGRAsia at the continued aggressive expansion in 2017 – via acquisition – of Scientific Games Corp, a specialist in casino gaming machines and systems and lottery equipment and services. Macau gaming sees workforce growth, still below pre-Covid. Apr 14, 2023 Newsdesk Japan, Latest News, Top of the deck. The October result took Singapore’s visitor aggregate for the first ten months of this year, to 11. 2 percent year-on-year. 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. 6 million. The new body – to be called the Gambling Regulatory Authority (GRA) – will be a statutory board and will be reconstituted from the. Hong Kong-listed LET Group Holdings Ltd, an investor in Asia-Pacific region casino projects, says a US$27. 32 billion (US$1. com is a website and newsletter about the Asian casino industry. 81 billion (US$117. Some political voices in Thailand that favour legalising bricks-and-mortar casinos stop short of supporting the legalisation of online gambling. 67 trillion (US$248. 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. 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. 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. Timber Stacks awards a win when matching symbols land left-to-right on the matrix, with a ‘tumble. 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. Judged year-on-year, such revenue rose by. 3 million), estimates a Monday note from brokerage Sanford C. Macau’s gaming regulator has asked casino operators in Macau to reduce temporarily by as much as 90 percent the number of on-duty workers staffing the city’s gaming floors, several local media outlets report. Oct 20, 2023 Newsdesk Latest News, Macau, Top of the deck. ”. Macau’s casino GGR for the ten months to October 31 reached MOP148. In the gaming supplier segment, a leading veteran of the casino technology sector – who asked not to be identified by name – expressed “surprise” to GGRAsia at the continued aggressive expansion in 2017 – via acquisition – of Scientific Games Corp, a specialist in casino gaming machines and systems and lottery equipment and services. Mr Feldman, who spent nearly 30 years with casino operator MGM Resorts International, is a Distinguished Fellow at the University of Nevada, Las Vegas’. A spokesperson for Suncity indicated such a topic was a private matter for Mr Chau, rather than for Suncity Group. The Okada Manila casino resort in the Philippine capital is offering online gaming for domestic customers in the nation with effect from mid-April. Mr Au’s arrival follows the resignation of Betty Zhao as COO in late October. 75 billion, up 14. “This is also higher than the current market consensus and the change is mainly due to the. 7-percent increase from a year ago. 20 billion, the latter down 16 percent from a previous estimate of. So says Jerry Hu (pictured), regional business development manager for land-based gaming at Jumbo. The Macau government collected MOP51. 15pm,. Under the updated regulatory framework. 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. Ms Zou’s “deep understanding of the pan-Asian consumer will enable her to effectively lead the Wynn team in customer. Nov 14, 2023 Newsdesk Latest News, Macau, MGS Entertainment Show, Top of the deck. The 15 percent figure was understood to be a reference to share of Macau casino gross gaming revenue (GGR). The authorities in the Japanese metropolis of Osaka had confirmed earlier this month that the planned timetable for opening an IR (pictured in an artist’s rendering) had been delayed by one year, and that the initial investment cost would rise by JPY190 billion (US$1. 34 billion), which is as much as 90. But China’s State Council has this year designated April 29 to May 3 inclusive, as a holiday period on the Chinese mainland.