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. 4 percent year-on-year in calendar year 2019. The 2023 edition of the MGS Entertainment Show to be held in Macau, with a casino trade exhibition and one-day summit, is expected to draw “over 5,000 professional audience members and visitors”, said the organiser, the Macau Gaming Equipment Manufacturers Association (MGEMA), in a Wednesday press briefing (pictured). Resorts World Cruises drops Okinawa-Sanya for SE Asia ports. 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. 4 percent year-on-year to US$94 million, compared to US$264 million a year earlier, according to a Tuesday announcement. 39 million) in fines, for 182 cases of breaking anti-money laundering (AML) rules. Judged year-on-year, such revenue rose by. 7 million (US$6. Read More Philippines 3Q industry GGR US$1. 4bln in year to Oct. R&F Korea (RFKR), a firm linked to Hong Kong-listed Chinese developer. Dec 28, 2022 Newsdesk Latest News, Macau, Top of the deck. 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. 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). Such redundant payroll stood at HKD148. 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. EBITDA for the latest reporting period stood at just above AUD5. 05 billion (US$776,512) for regulatory breaches, including anti-money laundering (AML) failures, over a three-year span. Where: Macau-based, with an interest in gambling markets across the Asia Pacific region. 0 million for 2025. His comments were made. Pagcor chair, ex-chair, others face charges in E-sabong case. Sources have told GGRAsia that a number of casino operators is already urging staff to take non-paid leave for varying periods of time as the Covid-19 crisis lingers. 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. 6 billion. 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. 42 billion), said on Wednesday the local regulator, the Gaming Inspection and Coordination Bureau. Historically, casino transactions account for a majority of the city’s flagged financial activities. Some political voices in Thailand that favour legalising bricks-and-mortar casinos stop short of supporting the legalisation of online gambling. 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. 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. -based casino developer Las Vegas Sands Corp. Macau recorded a total of 17. 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”. 8 million, Sands China stated in a filing to the Hong. The announcement of the Macau. ”. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. Nov 24, 2023 . 7 percent from a year earlier, to nearly. It did not specify when she was appointed. Sep 14, 2023 Newsdesk Latest News, Macau, Top of the deck. Jeju Sun Hotel and Casino, a property of Philippines-listed Bloomberry Resorts Corp, has confirmed to GGRAsia – in response to our telephone enquiry on Tuesday – that it will reopen on October 3. Genting Singapore is the promoter of the Resorts World Sentosa casino complex (pictured) in Singapore. Gaming software and services provider SOFTSWISS says that since the beginning of the year its multifunctional Anti-Fraud Team has “processed more than 26,000 requests encompassing lockout of problematic players, analysing notifications concerning at-risk players and. The Macau government collected MOP51. Macau’s casino GGR for the ten months to October 31 reached MOP148. Pagcor chair, ex-chair, others face charges in E-sabong case. It will target the mass market, according to the company. by 31 October 2023,” stated LET in a Wednesday filing. Apr 14, 2023 Newsdesk Japan, Latest News, Top of the deck. 20 billion, the latter down 16 percent from a previous estimate of. The first day of the in-person and online 2022 edition of casino industry trade fair and conference Global Gaming Expo (G2E) Asia will be dedicated to discussing the future of gaming in Asia. 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. 6 billion (US$820. GEN Singapore 3Q profit up, pledges US$5bln investment. 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. So says Jerry Hu (pictured), regional business development manager for land-based gaming at Jumbo. But the same report said that while some emirates might move forward with developing a casino. 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. That is the case of House committee’s vice chairman Mr Boonlue. Referring to a Friday announcement by the national authorities. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. 2 percent year-on-year. 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. Graellsia is a genus of small perennial sub- caespitose herbs in the family Brassicaceae. 0 percent from 2019 levels, at just below US$1. 5 percent – from 14. The Hoiana casino resort complex (pictured) in Hoi An, Vietnam, had an “accumulated loss” amounting to VND5. The UM team estimates that. The Macau government collected MOP51. 49 billion) in the first 24 days of September, or a daily run-rate of MOP500 million, according to estimates from JP Morgan Securities (Asia Pacific) Ltd. The bureau stated: “In the process of promoting the implementation of non. In September, it was reported that the management at Marina Bay Sands hired prominent Singapore law firm Davinder. Construction of the Gold Coast Entertainment City project is near completion, said Mr Villar in a group. 00 billion, up 90. 9 points out of a possible 1,000, with 600 points being the threshold for acceptance, according to information from the Japan Tourism Agency collated by GGRAsia’s Japan correspondent. “We are thrilled to welcome Betty. The board nonetheless declared a quarterly. The force said it had proposed a joint “task force” regarding the threat of illicit money changing. 5 million), or circa MOP830 million a day, said JP Morgan Securities (Asia Pacific) Ltd in a Monday memo, citing its industry checks. 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. 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. (oily substance) a. 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 is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. Lotte Tour first quarterly profit since Dream Tower launch. 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. Remedy for Macau illicit money swap biz still in review: govt. 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. 25 (US$4. A revised “Osaka IR District Development. The group added in its Monday statement, referring to the. Nov 10, 2023 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck. Apr 17, 2023 Newsdesk Latest News, Macau, Top of the deck. Macau casino operator Galaxy Entertainment Group Ltd says it is “not considering re-entering Boracay,” in the Philippines, “to develop a resort” there. The aggregate amount of money raised in the fiscal year to March 31 from those required to pay Singapore’s casino entry levy, surpassed pre-Covid-19 fiscal years, according to the Singapore Totalisator Board, the body responsible for collecting it. 8 percent below the tally recorded for July. The aggregate amount is US$107. He added: “Considering we are. The Philippine casino industry reported gross gaming revenue (GGR) of PHP187. The appointment was with effect from Wednesday (November 1), GGRAsia understands. “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. Casino groups MGM. 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. 86 million visitor arrivals. Galaxy Ent ‘not considering re-entering Boracay’. Hann Casino says taps underserved Manila rich, foreigners. 3 percent month-on-month in October, to KRW19. “Displaying a full. Mr Wu, of Macau Travel Industry Council, told GGRAsia he was still hopeful regarding the prospects for easing Covid-19 testing rules for visitors from mainland China ahead of the National Day break. The company’s EBITDA might reach HKD6. 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. 61 billion in the preceding 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. The existence of the service was independently verified by GGRAsia, after checks of publicly. 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. 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. Citigroup says its Macau-market observations indicate an average premium-mass wager per player in November, of HKD22,251 (about US$2,855), a 37-percent increase when compared to its checks in the same month in 2019. “This looks like another step” in the “direction,” of firmer control he added, referring to the proxy gambling. 0 million for 2025. Suncity’s. 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. 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. 6 million. Gaming software and services provider SOFTSWISS says the Asia-Pacific (APAC) region “offers a substantial opportunity” for the iGaming industry in 2024. 45 billion (US$18. 2 percent year-on-year. A ‘Jin Ji Bao Xi Grand’ entrance from Light & Wonder. The new body – to be called the Gambling Regulatory Authority (GRA) – will be a statutory board and will be reconstituted from the. Apr 04, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck. For other cases, such penalties range from up to five years in prison, plus a fine; to a “controlled release along with a fine”. 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. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck. 9 percent of the nearly 3. The 15 percent figure was understood to be a reference to share of Macau casino gross gaming revenue (GGR). The. 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. That could be a challenge particularly for Macau operators, that have spent more than a decade. S. 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. A ‘Jin Ji Bao Xi Grand’ entrance from Light & Wonder. 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. 85 billion (US$1. The institution said net revenue for the sector should be about US$24. 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. -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. Vietnam has the potential to be a regional hub for VIP casino gambling, thanks to low operating costs and other favourable conditions, say several industry experts in comments to GGRAsia. 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). February GGR fell by 10. Nine of the 11 continuing satellite casinos rely on SJM Holdings for gaming. 29). The tally was up 107. Mar 20, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck. The “ICE” branding is used by Clarion Gaming for a popular London, United Kingdom event each year. 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. Macau’s GGR for the eight months to August 31 reached MOP114. Suncity Group Holdings Ltd, a Hong. 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. 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. “We anticipate its 2024 mass GGR will be 5 percent to 15 percent stronger than in. 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. “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. 24-billion casino resort for Hon Tre island. 93 billion) in May, up 5. Fitch tips Macau economic rebound at 65pct this year. So far this year, only 13 licences have been issued, Ros Phirun, Secretary General at the Commercial Gambling Management Commission of Cambodia, told GGRAsia. The cited request comes as the city fights its most serious Covid-19 outbreak since the pandemic began in early 2020. 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”. 85 billion), according to official data. 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. 1 percent year-on-year. 61. 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. 6-million deal to sell a plot of land in Hokkaido, Japan, has been terminated. 8 million, from US$8. 01 billion, a rise of 295. 47 billion) non-gaming and overseas-marketing spending pledges by up to. Sep 26, 2023 Newsdesk Latest News, Macau, Top of the deck. Macau 20mln visitors in year to Sept, 4. Macau would-be junkets to pay US$187k guarantee: govt. Oct 28, 2022 Newsdesk Latest News, Macau, Top of the deck. 4bln in year to Oct. When: Launched in May, 2014. The consultation document made no mention of satellite casinos. The resort’s parent, Japan’s Universal Entertainment Corp, said it had received approval from the Philippine authorities to run in tandem with its bricks and mortar casino (pictured), a total of. The Philippine casino sector produced gross gaming revenue (GGR) of PHP56. Este detergente corta la grasa mejor que todos. e, before the property opened – and chairman of that entity since 2015. 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. The foreigner-gambling area in the Cotai resort is located in “Dragon Pavilion”, a premium gaming area within the. 6 million visitor arrivals for the first eight months of this year, according to the city’s Secretary for Economy and Finance, Lei Wai Nong, in comments to reporters on Wednesday. A Macau junket trade group has submitted a letter to the city’s chief executive, Ho Iat Seng, requesting the government to waive partially an existing levy on commissions paid by casinos to junkets. 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. Construction of the Gold Coast Entertainment City project is near completion, said Mr Villar in a group. Aristocrat Gaming is aiming to supply the “lion’s share” of circa 3,000 gaming machines that are likely to enter the Macau casino market per year, said Lloyd Robson, general manager for Asia, in an interview with GGRAsia. The data revealed that the number of. 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 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. 8 percent from the prior-year period. That is according to Craig Billings, group chief executive of Wynn Resorts Ltd, the parent of Wynn Macau Ltd. Vietnam’s Ministry of Planning and Investment has submitted a report on the development of a US$2. (Updated 6. 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. 18,927 followers. He told GGRAsia: “Osaka, Wakayama and Nagasaki and their IR partners will each have to earn national approvals for their IR development plans. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck. 57 billion (US$1. Oct 20, 2023 Newsdesk Latest News, Macau, Top of the deck. 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. 6 percent. 55 billion this year, versus a previous estimate of US$6. 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. 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. This October’s tally was 85. To get the day’s top headlines delivered to your inbox every morning, sign up for our 5 Things newsletter. 20 billion, the latter down 16 percent from a previous estimate of US$2. Those properties had previously been permitted to run limited gaming operations with social-distancing measures in place, albeit only during more relaxed phases of quarantine. The Macau authorities. 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. Feb 26, 2021 Newsdesk Latest News, Macau, Top of the deck. 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. 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. The group’s third-quarter gross gaming revenue (GGR) was nearly HKD8. Why: To provide the gaming industry with up-to-date news and information. 0 billion and US$1. . 8 percent from the prior-year period. 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. Nov 14, 2023 Newsdesk Latest News, Macau, MGS Entertainment Show, Top of the deck. 90 billion. 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. 2 percent of all casino gross gaming revenue (GGR) in the period. 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 scheme is said to be partly backed by local hospitality firm Vinpearl Co, part of prominent Vietnam conglomerate Vingroup Co. 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. 7 billion. The latest data reported by GGRAsia included the gross gaming revenue generated by the casino industry for the full year 2022. That would be circa 8 percent higher than a 25-million figure mentioned by MGTO director Maria Helena de. Since that date, the two properties have also been allowed to loosen capacity limitations at several of their non-gaming attractions. The property had a formal launch in July, with what the. 03bln, up 15pct y-o-y. Macau’s October casino gross gaming revenue (GGR) was up 30. The. 00 billion (US$3. Dec 17, 2022 Newsdesk Latest News, Macau, Top of the deck. Macau’s casino gross gaming revenue (GGR) contracted 3. Money laundering and misconduct at casinos has renewed the global scrutiny of anti-money laundering and counter-terrorism financing (AML/CTF) compliance. According to figures provided to GGRAsia, Primorsky received 626,044 foreign visitors in the first nine months of 2018, up 21. . 50 million (US$186,854) either to renew a licence or get a new one, according to a dispatch from the city’s Secretary for Economy and Finance, Lei. 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. 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 latest monthly tally was up 365. 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. 8 billion), said on Friday the city’s Chief Executive (CE), Ho Iat Seng. The. The project company CEO explained to GGRAsia: “The request for a revision in the completion date was submitted due to the impact of Covid[-19] in Vietnam during the period from 2020 to 2022. From GGRAsia site checks in early October, Texas Hold’em poker zones were available and active on the mass gaming floors inside a number of Macau’s major casino properties. 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”. So said Andrew Lo Kai Bong, an executive director of the Hong Kong-listed entity, in comments to. 8 million, Sands China stated in a filing to the Hong Kong Stock. Gaming equipment and content provider Light & Wonder Inc gave a debut to its “Jin Ji Bao Xi Grand” slot product at the MGS Entertainment Show in Macau. Clarion said the venue-switch decision had been “endorsed by the ICE. 5 million), versus a HKD1. Industry consultant Ben Lee told GGRAsia that in his opinion, “Singapore has the tightest anti-problem gambling measures in the world,” in addition to an entry levy applicable to Singapore citizens and permanent residents. 81 billion (US$117. JP Morgan estimated last week’s Macau GGR was about MOP400 million (US$50 million) per day, which its. The majority of the Macau casino operators is unlikely to resume dividend payment in the near term, suggested JP Morgan Securities (Asia Pacific) Ltd analyst DS Kim in an interview with GGRAsia. 27 million, up 147. 7 percent from the preceding quarter. The breaches related to 2022 but were only made public on Tuesday at an audit hearing for. GGR rose sequentially for the third consecutive month. . SOFTSWISS handles 26k player monitoring requests this year. 3 percent from the comparable 2022 period. Hong Kong-listed LET Group Holdings Ltd, an investor in Asia-Pacific region casino projects, says a US$27. 3 percent – in the third quarter. Osaka’s proposal (pictured in an artist’s rendering) – featuring a consortium including MGM Resorts International and Orix Corp – got 657. “We are pleased the new gaming legislation has passed,” said Tim McNally, referring to a statute known as. The October result took Singapore’s visitor aggregate for the first ten months of this year, to 11. 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. Most of the new supply already being built will be on Cotai, where two new hotels, offering 2,808 rooms in aggregate, are being developed. The cap for the year ending December 31 has been raised to US$10. But the official said the government could not demand the six casino concessionaires to make such salary adjustment. The Macau government collected just above MOP26. 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. Nov 17, 2023 Newsdesk Latest News, Macau, Top of the deck. The scheme is said to be partly backed by local hospitality firm Vinpearl Co, part of prominent Vietnam conglomerate Vingroup Co. One of the partner agencies is Lvmama, said Macau’s tourism bureau, in an emailed reply to an enquiry from GGRAsia. “Latin America holds. ” Mr McNally did not give details of how many members of the public visited for the reopening. 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. 26 billion (US$27. 6 percent from the prior year, showed data published on Tuesday by the city’s Statistics and Census Bureau. 50. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning,. Donaco reported group net revenue of AUD9. That is according to data released on Monday by the country’s casino regulator, the Philippine Amusement and Gaming Corp (Pagcor). Macau’s gross domestic product (GDP) could soar by up to 44. He was speaking to GGRAsia on the sidelines of the Macao Gaming Show 2016, a trade exhibition and conference about the regional casino industry that was held recently at the Venetian Macao and was organised by the Macau Gaming Equipment Manufacturers Association. The city’s market-wide mass GGR “is recovering faster” than the ratings institution had forecast, added the memo. Gambling & Gaming · China · <25 Employees. 93 billion) in May, up 5. GGRAsia asked Mr Kelley about Friday’s market-wide stock price correction, which saw Galaxy Entertainment shares down 6. 75 billion, up 14. 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. Jumbo aims to develop new and diversified ETG games. It is the latest iteration of the firm’s “Jin Ji Bao Xi” game series, and is launching with the “Tiger” and “Phoenix. What: GGRAsia, a business-to-business website and newsletter for the Asian casino industry. In an emailed reply to GGRAsia, Macau’s Labour Affairs Bureau did not comment on the average waiting times on non-resident work permit approval. 34 billion in the second quarter this year, accounting for a share of nearly 73. L&W posts US$731mln 3Q rev, says gaming sales robust. 4 percent year-on-year, to HKD410 million (US$52. The breaches related to 2022 but were only made public on Tuesday at an audit hearing for. G2E Asia, organised by the American Gaming Association and Reed Exhibitions, had been staged annually in Macau from 2007 and up to 2019. The third-quarter loss at Macau casino operator SJM Holdings Ltd declined by 78. 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. 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. Nov 07, 2023 Newsdesk iGaming, Latest News. 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. An organiser of Global Gaming Expo (G2E) Asia, a casino industry conference and trade exhibition that has been held annually in Macau since its inception in 2007, says that this year there is to be a Philippines edition on December 3 and 4 at the Manila Marriott Hotel at the Resorts World Manila casino resort. China has had heightened scrutiny of those of its wealthy interested in “cross-border gambling”. 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. The existence of the service was independently verified by GGRAsia, after checks of publicly. 9 percent from May 2022, according to data released on. The first day of the in-person and online 2022 edition of casino industry trade fair and conference Global Gaming Expo (G2E) Asia will be dedicated to discussing the future of gaming in Asia. Global Gaming Business OCTOBER 2021. Combined property EBITDA however was still down circa 20. Two Macau scholars recently told GGRAsia that the Chinese authorites showed no sign of significantly easing their “dynamic zero-Covid” policy. South Korea’s casino trade association has so far acquired circa 70 members, Ms An told GGRAsia. 5 million in the third quarter. The first Barcelona editions of ICE and iGB Affiliate are to be held at the 240,000 square metres (2. Macau recorded a total of 17. 61 million passengers handled in 2019, the last trading. He was speaking on Wednesday on the firm’s conference call with analysts. The chairman of Hong Kong-listed Cambodian casino operator NagaCorp Ltd has told GGRAsia the firm is “pleased” that a “a reasonable approach continues with the new law” on casino gaming in that country, with regard to taxation. Macau gaming sees workforce growth, still below pre-Covid. AI test work integral to growth strategy at GLI: Ian Hughes. Based on GGRAsia’s observations, baccarat as usual was the Macau customers’ favoured game. 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,. 4bln in year to Oct November 17, 2023; SJM excess labour costs down 12pct. Standing bets are again allowed at table games at Singapore’s two casino complexes since August 19, the Singapore Tourism Board (STB) confirmed in an emailed reply to GGRAsia. Sep 12, 2023 Newsdesk Latest News, Philippines, Top of the deck. 72 billion in April. Nov 10, 2023 Newsdesk iGaming, Latest News. Macau embracing electronic play, new clients: Galaxy COO. [1] They are typically found in shady crevices of calcareous rocks at altitudes of 1,000–3,600 metres (3,300–11,800 ft). Mr Lui was. 6 percent in September, said the city’s Statistics and Census Service in a Tuesday statement. 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. 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. They include: fresh Covid-19 outbreaks; slower. The product is also in the Manila market in the Philippines, in Singapore, and in. 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. That was according to a. Up to seven UAE casino licences possible: report. ” He added, regarding his staffing: “We have a solid poker team. The figure represented. Mainland China-Jeju charter flight again after 7 years. “GRA is aware of the cyber incident involving MBS’s members from its non-casino loyalty. The information had first been disclosed by Melco International. 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. The announcement of the Macau event coincides. [1] Most of the species are found in Iran and Afghanistan, with one occurring in Turkey, and one in the High Atlas of Morocco. The Macau government estimates the city’s 2023 casino gross gaming revenue (GGR) will be MOP130 billion (US$16. Read MorePhilippines 3Q industry GGR 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. 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. 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. The Macau government is still studying how to tackle unauthorised money exchange activities, frequently observed on the city’s casino floors or their surroundings, and commonly interrupted by the authorities. grease. Lvmama is. “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 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 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 mass baccarat nearly 60pct of 1Q GGR: regulator. 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”. Bernstein Ltd. International casino operator Las Vegas Sands Corp says it has amended with banking partners certain term loans regarding a US$1. Deutsche Bank ups Macau 2023 GGR forecast after Feb data dlvr. 90 billion. Nov 07, 2023 Newsdesk Latest News, Singapore, Top of the deck. GGRAsia approached Las Vegas Sands regarding the reportedly-commissioned new probe. 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”.