9 percent. Dividend restart still far for Macau ops: JP Morgan. Lui Che Woo, chairman of Galaxy Entertainment, was quoted in the announcement as saying: “From the. 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. 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. 6 percent compared to only PHP96. 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. Macau tender bidders told to up spending proposals, says CS. 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. Sep 29, 2023 Newsdesk Latest News, Trends & Tech. An upper court in Guangdong, mainland China, has issued a press release citing what it termed “seven classic cases” about “combatting cross-border gambling crimes”, that had been heard in the. “This was a result of three years of cash burn amid. 0 million for 2025. The MGM China group added that it would be entitled to receive reimbursement from MGM Resorts regarding the costs of the marketing offices, based on the referrals made to the parent’s properties. Macau embracing electronic play, new clients: Galaxy COO. 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. Mainland Chinese tourists accounted for more than half of the aggregate number of visitors in the January to September period, at 353,220. Paul Baker has stepped down as president of Macau casino resort Grand Lisboa Palace, being currently on so-called ‘gardening leave’ until early December, GGRAsia has learnt. 8 million, Sands China stated in a filing to the Hong Kong Stock. Mr Gautreaux was described as. For other cases, such penalties range from up to five years in prison, plus a fine; to a “controlled release along with a fine”. One of them was a verdict – on an unspecified date – of the. Macau is seeking to expand meaningfully and soon the percentage of its visitors from overseas, beyond the 2. Read More What: GGRAsia, a business-to-business website and newsletter for the Asian casino industry. His comments were made. 58 million sq. The original plan was mentioned in a January 2020 filing. The regulator told GGRAsia: “As stated in Section 4. A data bank containing details including names, telephone numbers and email addresses for 665,000 shoppers at the Marina Bay Sands (MBS) casino resort (pictured) was last month breached and accessed by people. Mr Wilson told GGRAsia his firm had been busy in recent years in establishing a presence in Australia. 05 billion, with industry-wide net profit at US$2. The Grand Lisboa Palace casino resort (pictured) in Macau’s Cotai district, promoted by casino operator SJM Holdings Ltd, has launched a foreigner gaming zone, the company has confirmed to GGRAsia in response to our enquiry. Philippine casino biz at pre-crisis by 2022: Domingo. 4 percent quarter-on-quarter, through “natural attrition”. The filing noted the new group CEO had been. There is a variety of opinion among scholars and legal experts about whether China’s criminalisation of anyone assisting “cross-border gambling”, that came into effect on March 1, is meant to cover gambling in Macau, a special administrative region of China. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. Macau casino gross gaming revenue (GGR) for the first 12 days of November was circa MOP6. 2 percent quarter-on-quarter, and an 852. ” He added, regarding his staffing: “We have a solid poker team. Deutsche Bank ups Macau 2023 GGR forecast after Feb data dlvr. RGB 2023 gaming machine sales to be double 2019 record. The criminal penalty idea – along with others – is subject to a 45-day public consultation that started on September 15. Osaka’s proposal (pictured in an artist’s rendering) – featuring a consortium including MGM Resorts International and Orix Corp – got 657. 21 billion, which was the best. The brokerage forecasts approximately MOP750 million (US$93. feet) -capacity Fira de Barcelona, from January 20 to 22, 2025. The authorities in Hokkaido, Japan’s northernmost prefecture (pictured), are still mulling the idea of hosting an integrated resort (IR) with casino, as a way of boosting tourism and regenerating the local economy. The cap for the year ending December 31 has been raised to US$10. The latest monthly tally was up 365. 57 billion (US$1. The appointment was effective from Monday (September 11), according to a social media post on the property’s official LinkedIn account. Hokkaido covets ‘green IR’ scheme, says tourism boss. 5 percent at HKD41. Macau’s casino gross gaming revenue (GGR) stood at MOP11. In its latest assessment, UBS said it expects China’s economy to grow 3. 6 percent from the comparable 2022 period. . Nov 24, 2023 Newsdesk Latest News, Philippines, Top of the deck . Casino sales rose 38. SOFTSWISS Sportsbook 3Q GGR up 523pct y-o-y. GGR rose sequentially for the third consecutive month. Visitors from South Korea more than. 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. He told GGRAsia: “Osaka, Wakayama and Nagasaki and their IR partners will each have to earn national approvals for their IR development plans. Market-wide casino gross gaming revenue (GGR) in Macau reached MOP12. 94 billion (US$1. The announcement of the Macau. 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. ”. 95 billion, up 305. Mr Feldman, who spent nearly 30 years with casino operator MGM Resorts International, is a Distinguished Fellow at the University of Nevada, Las Vegas’. The. JP Morgan estimated last week’s Macau GGR was about MOP400 million (US$50 million) per day, which its. 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. 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. One of the partner agencies is Lvmama, said Macau’s tourism bureau, in an emailed reply to an enquiry from GGRAsia. 86 million visitor arrivals. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. Meaning of grasia. 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. 4 percent from the prior-year period. The Macau government estimates the city’s 2023 casino gross gaming revenue (GGR) will be MOP216. The Macau authorities. 93 billion) in May, up 5. The board nonetheless declared a quarterly. 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. 4 million declined 4. 0 billion (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. 00 billion, up 90. Pagcor chair, ex-chair, others face charges in E-sabong case. Philippine real estate businessman Manuel Villar (pictured in a file photo), listed this year as the second richest Filipino by Forbes magazine, plans to launch a new casino resort complex in the country’s capital, Manila, in 2023. ”. The acquisition of a section of Aruze Gaming’s ETG assets helps Interblock to enlarge its presence in Asia Pacific, remarked Mr Hu to GGRAsia. The company’s EBITDA might reach HKD6. The Okada Manila casino resort in the Philippine capital is offering online gaming for domestic customers in the nation with effect from mid-April. Timber Stacks awards a win when matching symbols land left-to-right on the matrix, with a ‘tumble. 4 percent year-on-year in calendar year 2019. 18-billion casino and resort scheme in Van Don district – located in the country’s northern. Nov 04, 2022 Newsdesk Latest News, Macau, Top of the deck. 4bln in year to Oct November 17, 2023; SJM excess labour costs down 12pct. Each slot-maker also continues to change the landscape of casinos through. 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. 25 (US$4. 85 billion), according to a Sunday announcement from the local regulator, the Gaming Inspection and Coordination Bureau. 0 billion and US$1. Money laundering and misconduct at casinos has renewed the global scrutiny of anti-money laundering and counter-terrorism financing (AML/CTF) compliance. The announcement of the Macau event coincides. 3. Find out about the earnings, workforce, tax revenue, AML and gaming equipment of the region's casinos and operators. 6 million) at the Jeju Dream Tower resort in South Korea, said its promoter Lotte Tour Development Co Ltd in a Wednesday filing to the Korea Exchange. View the latest US news, top stories, photos and videos from around the nation. We hope there will be a [daily average of] 80,000 to 90,000 visitor arrivals during the upcoming Golden Week. The body does not provide. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. 0 million for 2025. The current GGR forecast of MOP130 billion (US$16 billion) for full-year 2022. 59-million visitor arrivals in February , a major year-on-year improvement coinciding with the lifting in early January of most Covid-19. 85 billion (US$1. Such revenue was up 374. 2 percentage points from August, but up by 41. According to further information gathered by GGRAsia, patrons can gamble there either using cash or by establishing a rolling chip programme with Sands China. [1] Most of the species are found in Iran and Afghanistan, with one occurring in Turkey, and one in the High Atlas of Morocco. So says Jerry Hu (pictured), regional business development manager for land-based gaming at Jumbo. 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. The firm told GGRAsia on Thursday that it had deployed the units at the Galaxy Macau casino resort in late September. The tally was up 107. Sep 14, 2023 Newsdesk Latest News, Macau, Top of the deck. 29 billion), to JPY1. 6 percent relative to the first two weeks of the month, when inbound tourism was disrupted by bad weather, estimated JP Morgan Securities (Asia Pacific) Ltd in a Monday note. That was because it came amid the backdrop of already-challenging trading. 3 percent in the three months to September 30, compared to 29. Graellsia is a genus of small perennial sub- caespitose herbs in the family Brassicaceae. Judged year-on-year, such revenue rose by. She stated that the measure was already being implemented by the city’s casino industry. ”. The ending of such measures might herald greater tourism volume and some stable recovery in casino. Separately, a spokesperson for City of Dreams Manila said in an emailed reply to our enquiry: “Suncity ceased operations at City of Dreams Manila at the end of the first. 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. The reporting quarter is also the company’s first quarter of fiscal year 2024. 86 million visitor arrivals. 6 billion. Remedy for Macau illicit money swap biz still in review: govt. 8 million, from US$8. 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. Macau’s casino gross gaming revenue (GGR) for the first eight days of October is estimated at MOP6. 2 billion to develop an integrated resort (IR) with a casino in the Philippines capital, Manila. He noted, regarding the request-for-applications process in New York: “We have long viewed Genting Malaysia’s 100-percent-owned Resorts World New York City to. 81 billion (US$117. 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. 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. Jeju Sun’s operation has been paused since March 21, 2020. International casino operator Las Vegas Sands Corp says it has amended with banking partners certain term loans regarding a US$1. 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. 51 billion (US$2. That would be circa 8 percent higher than a 25-million figure mentioned by MGTO director Maria Helena de. The United Arab Emirates in the Middle East is considering granting a casino licence to each of its seven constituent emirates, reported Bloomberg, citing a person said to be familiar with the matter. e. 54 billion) in Macau in the first three months of 2023, or 59. 4 percent year-on-year to US$94 million, compared to US$264 million a year earlier, according to a Tuesday announcement. A spokesperson for Suncity indicated such a topic was a private matter for Mr Chau, rather than for Suncity Group. 5 million in the third quarter. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning,. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. But the ratings. 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. 9 percent from May 2022, according to data released on. “We anticipate its 2024 mass GGR will be 5 percent to 15 percent stronger than in. The Macau government collected MOP51. 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”. (fatty tissue) a. 03bln, up 15pct y-o-y. This marked the second consecutive quarter of growth. Operating income of US$52. 6 million for the third quarter, up 1. 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. They were: Wynn Macau, promoted by Wynn Macau Ltd in downtown peninsula; the Venetian Macao in Cotai, promoted by Sands China Ltd; MGM Macau and. 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. Mr Baker had been in post since October 2018, and was involved in the property’s launch, which took place. Nov 10, 2023 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck. Based on previously-published CAM data, that would be circa 47 percent of the 9. -based casino developer Las Vegas Sands Corp. Fitch tips Macau economic rebound at 65pct this year. 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. The appointment was with effect from Wednesday (November 1), GGRAsia understands. Casino operator Genting Singapore Ltd reported generated third-quarter revenue of just below SGD690. Carlos Coelho, a lawyer and partner at Macau law firm MdME, told GGRAsia the criminalisation of illicit exchange of currency specifically for the purposes of gambling is “doable” within the framework of a new law on illicit gambling, mentioned in the city government’s 2023 policy address. WPT confirms Vietnam, Cambodia meetings for 2024 season. 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. The product is also in the Manila market in the Philippines, in Singapore, and in. 60 billion (US$153. GGRAsia. Morgan Stanley now expects Macau’s gaming industry EBITDA to reach nearly US$6. According to these, the overall handle of the sector in the Philippines amounted to around PHP184. Taiwan-based casino equipment supplier Jumbo Technology Co Ltd is planning to develop more games for the electronic table game (ETG) segment in Macau. e. 8 percent month-on-month, to MOP10. 6 percent in September, said the city’s Statistics and Census Service in a Tuesday statement. Morgan Stanley now expects Macau’s gaming industry EBITDA to reach nearly US$6. The government has said such a step is needed, to pave the way for a fresh public tender for Macau gaming rights. 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. Available to guests from that day will be three hotel towers with 1,275 rooms; a multi. “It was really at the end of 2021 where we got the company to endorse our growth strategy in Asia,” as a whole, he. Global Gaming Business OCTOBER 2021. Oct 25, 2023 Newsdesk Japan, Latest News, Top of the deck. 55 billion in 2021. Donaco reported group net revenue of AUD9. 6 million. TKHS recently was appointed a logistics service provider for the Crown Sydney casino-hotel project, currently under construction in Barangaroo, Sydney, New South Wales. The NagaWorld staging of the Mike Sexton WPT Champions Cup is a first in. Under the updated regulatory framework. The institution announced on October 26 an “off-cycle” 25 basis points rate hike, raising its benchmark interest rate to 6. 81 billion (US$117. 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. by 31 October 2023,” stated LET in a Wednesday filing. 61 billion in the preceding quarter. Gambling & Gaming · China · <25 Employees. Games available for the Genesis Crest. Hong Kong-listed LET Group Holdings Ltd, an investor in Asia-Pacific region casino projects, says a US$27. 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. 34 billion in the second quarter this year, accounting for a share of nearly 73. 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. 34 billion in the second quarter this year, accounting for a share of nearly 73. 1 million) in daily GGR. Alfastreet opted not to have a stand at the event. “The process will look to review and assess all strategic alternatives which could assist the company in maximising shareholder value. com is a website and newsletter about the Asian casino industry. “Standing bets are allowed. 57 billion (US$1. The bureau stated: “In the process of promoting the implementation of non. It did not specify when she was appointed. Referring to a Friday announcement by the national authorities. 80 billion), it said in the 2024 fiscal year budget proposal published on Wednesday. 48 billion next year. 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. Latest News Lotte Tour first quarterly profit since Dream Tower launch Nov 15, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck The parent of the Jeju Dream Tower casino resort (pictured), on the South Korean holiday island of Jeju, reported net profit of at least KRW300 million (US$226,760) in the three months to September. “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. 5 million), or circa MOP830 million a day, said JP Morgan Securities (Asia Pacific) Ltd in a Monday memo, citing its industry checks. “Clark, as a destination, is still in its early. There had been 18 satellite casinos in the market as of June-end 2022, so venue-wise the sector has shrunk by circa 40 percent. Nov 13, 2023 Newsdesk Latest News, Singapore, 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. com is a new website and newsletter about the Asian casino industryGGRAsia - Business Information. 6 percent. Macau’s gross domestic product (GDP) could soar by up to 44. GGRAsia. At least three other Macau casino operators have launched foreigner-only gambling zones within company properties, with the first starting in February, according to GGRAsia’s checks. The Philippine central bank has adjusted its monetary policy amid an increase in consumer prices, but the move is unlikely to have a negative impact on the country’s casino industry, observers have told GGRAsia. 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. 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. 20 billion, the latter down 16 percent from a previous estimate of. 9 billion. Singapore RWS 3Q VIP business solid without overpaying: analysts Nov 14, 2023 Newsdesk Latest News, Singapore, Top of the deck The third-quarter VIP gambling business for Genting Singapore Ltd, operator of Resorts. He added: “Considering we are. Such sharp increase would be linked to a strong rebound in the city’s tourism and casino sectors, according to the research. 1d Edited. 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”. He was speaking on Wednesday on the firm’s conference call with analysts. 3 percent of Macau’s casino GGR in the period. Mainland China-Jeju charter flight again after 7 years. Macau’s September daily run rate for casino gross gaming revenue (GGR) improved by at least 25. 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. GGRAsia asked Mr Kelley about Friday’s market-wide stock price correction, which saw Galaxy Entertainment shares down 6. In September and August, casino sales had fallen sequentially at the property on Jeju, a semi-autonomous. Galaxy Ent ‘not considering re-entering Boracay’. 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. The figure represented a 10-percent increase from the results of the pre-pandemic third quarter in 2019, said a Wednesday. 1 percent from the prior-year period. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck. ”. 94 billion (US$1. “This implies that last week’s run-rate has. Set in a town in the American Wild West, the game features symbols including bottles and sheriff badges appearing on the game grid. 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. “We are thrilled to welcome Betty. 26 billion (US$27. 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. 00 million, 3. 42 billion), said on Wednesday the local regulator, the Gaming Inspection and Coordination Bureau. They see Vietnam’s potential, even as the Asia-Pacific region’s previous high-roller. 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, and the deal is expected to close. The sentence was read out on Wednesday (January 18) at the city’s Court of First Instance by the presiding judge, Lou Ieng Ha. DigiPlus Interactive Corp, formerly known as Leisure and Resorts World Corp, said in a Tuesday statement it had “no imminent plans to pursue the development of its 24-hectare [59. 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”. Gaming Laboratories International, LLC. 04 million (US$118. Even in the so-called ‘grind’ or ‘base’ mass segment, minimum bets were sometimes as high as HKD3,000 (US$382. The foreigner-gambling area in the Cotai resort is located in “Dragon Pavilion”, a premium gaming area within the. G2E Asia, organised by the American Gaming Association and Reed Exhibitions, had been staged annually in Macau from 2007 and up to 2019. Casinos are coming under renewed scrutiny by global regulators seeking to crack down on money laundering and misconduct within the gaming industry worldwide. “We had a very good opening and anticipate increased visitation. Nov 24, 2023 . R&F Korea (RFKR), a firm linked to Hong Kong-listed Chinese developer. 20 billion, the latter down 16 percent from a previous estimate of US$2. Macau recorded a total of 17. The cohort includes academics in tourism education, and former and present figures from the casino industry, including individuals linked to Kangwon Land resort, run by Kangwon Land Inc. 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. GGRAsia approached Suncity Group on Friday, seeking comment on that report by The Age. 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. 49 billion), 315. 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. Though he added that was because such credit issuance had dramatically reduced in the Macau market. 6 percent more than the level of PHP96. 2 million) in the three months to September 30, up 40. Hong Kong-listed International Entertainment Corp says it will have to invest between US$1. “The group views it is a temporary solution which will complement Galaxy Macau, and is working on longer term. Veteran Macau-based junket operator U Io Hung, a representative of the Macau Gaming Promoter Professionals Association, told GGRAsia. Macau recorded just below 19. 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). 3-acre] property in Boracay island into an integrated casino project”. 50 billion (US$2. ”. grease. So says Jerry Hu (pictured), regional business development manager for land-based gaming at Jumbo. 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. Macau hotel occupancy in September dips m-o-m. AI test work integral to growth strategy at GLI: Ian Hughes. Daesik Han, president and chief executive of Hann Resorts, the master brand of Hann Casino and Hann Reserve leisure schemes at Clark in the Philippines, has told GGRAsia he is “optimistic” about the business outlook for 2023. fat. L&W posts US$731mln 3Q rev, says gaming sales robust. The venue is the only property in the country allowed to. 3 percent from the comparable 2022 period. The new rules – announced on Friday – appear to leave open the possibility of. 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”. The break is sometimes referred to by investment. 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. Macau’s casino gross gaming revenue (GGR) contracted 3. Macau recorded a total of 17. So said several commentators in remarks to GGRAsia. But the official said the government could not demand the six casino concessionaires to make such salary adjustment. That was according to a. So said Greg Saint (pictured), ICE Asia event director, in an interview with GGRAsia. The breaches related to 2022 but were only made public on Tuesday at an audit hearing for. The source added that the casino would be the first in Vietnam to allow eligible locals to gamble, immediately upon launch. 0 million (US$507. 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 Hoiana casino resort complex (pictured) in Hoi An, Vietnam, had an “accumulated loss” amounting to VND5. 8 percent from the preceding quarter. “The Japanese government is continuing the review of Kyushu-Nagasaki IR, but no schedule has been given,” said. 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. Lvmama is. 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. 55 billion (US$6. 0 million for 2023; HKD29. 0 million for 2023; HKD29. A few junkets still active in Macau: industry veteran. 24-billion casino resort for Hon Tre island. 37 billion (US$9. 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. The casino at Corona Resort and Casino, on Phu Quoc island, is to open on Saturday, confirmed to GGRAsia the entity managing gaming at the venue. That would imply a daily run-rate of MOP528 million, which is “ahead of (surprisingly) strong April. The announcement of Vietnam’s cooperation with China on security-enforcement issues, including against organisation of “cross-border” gambling, could be with an eye to boosting general tourism from neighbouring China when the latter nation eases pandemic-related constraints on outbound foreign travel, says Michael Zhu, a consultant. “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. 97 per share to acquire GAN Ltd, an online gaming enterprise offering business-to-business software services in the United States, and business-to-consumer services in Europe and South America. 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. Nov 14, 2023 Newsdesk Latest News, Macau, MGS Entertainment Show, Top of the deck. 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. “We are pleased the new gaming legislation has passed,” said Tim McNally, referring to a statute known as. Casino groups MGM. 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. GGRAsia is a website and newsletter about the Asian sector of the casino industry. 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. That is according to data released on Wednesday by the local regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ. “The government has to deal with it by fast-tracking the transit system. For his part, Mr Green told GGRAsia: “I suspect that Genting may have not expected to win a concession in its own right, but rather present itself as a suitable prospective casino operations manager in the event that any incumbent decided, or was forced by the constrained gaming market, into becoming a property company. That could be a challenge particularly for Macau operators, that have spent more than a decade. The consultation document made no mention of satellite casinos. A ‘Jin Ji Bao Xi Grand’ entrance from Light & Wonder. 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.