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. Macau gaming operator says it has raised the annual cap set for transportation, logistics and technical services provided by its parent company, U. 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. 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. The current GGR forecast of MOP130 billion (US$16 billion) for full-year 2022. 7 billion. 00 million, 3. The breaches related to 2022 but were only made public on Tuesday at an audit hearing for. The new rules – announced on Friday – appear to leave open the possibility of. ”. According to further information gathered by GGRAsia, patrons can gamble there either using cash or by establishing a rolling chip programme with Sands China. For his part, Mr Green told GGRAsia: “I suspect that Genting may have not expected to win a concession in its own right, but rather present itself as a suitable prospective casino operations manager in the event that any incumbent decided, or was forced by the constrained gaming market, into becoming a property company. 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. Macau gaming tax revenue tops US$6. Taiwan-based casino equipment supplier Jumbo Technology Co Ltd is planning to develop more games for the electronic table game (ETG) segment in Macau. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. 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. “Latin America holds. 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. 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. Nov 14, 2023 Newsdesk Latest News, Macau, Top of the deck. Labour Day proper, is May 1. 6 percent from the comparable 2022 period. The figure represented a 10-percent increase from the results of the pre-pandemic third quarter in 2019, said a Wednesday. “Clark, as a destination, is still in its early. The Hoiana casino resort complex (pictured) in Hoi An, Vietnam, had an “accumulated loss” amounting to VND5. 4 percent from the prior-year period. 3pct from overseas. 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. 72 billion in April. 93 billion) in May, up 5. “This suggests the reopening recovery is still ongoing. Nov 14, 2023 Newsdesk Latest News, Macau, MGS Entertainment Show, Top of the deck. Kangwon Land Inc, controller of Kangwon Land, South Korea’s only resort complex to offer a casino open to locals, has been assessed for a total of KRW3. 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. Kangwon Land Inc, controller of Kangwon Land, South Korea’s only resort complex to offer a casino open to locals, has been assessed for a total of KRW3. The Macao Government Tourism Office (MGTO) says the city is getting ready to receive package tours from mainland China in November. Macau casino GGR US$825mln for October 1 to 8: JPM. Singapore’s Gambling Control Bill had a first reading in the country’s parliament on Monday. 20 billion, the latter down 16 percent from a previous estimate of US$2. So says Jerry Hu (pictured), regional business development manager for land-based gaming at Jumbo. Nov 08, 2023 Newsdesk Latest News, Trends & Tech. Wynn Resorts unveils US$2bln Wynn Palace extension. The firm said additionally that it had “no licence to operate gaming venues in Russia and therefore does not operate venues in Russia. 8 percent from the preceding quarter. 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. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. 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. , to protect local employment – rather than commercial. 24-billion casino resort for Hon Tre island. 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. 49 billion), 315. 1 percent this year, according to the “Macroeconomic Forecast for Macao 2023”, published by the University of Macau (UM). 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. 39 million) in fines, for 182 cases of breaking anti-money laundering (AML) rules. 65 billion (US$824. Nov 24, 2023 Newsdesk Latest News, Philippines, Top of the deck . It took Macau’s GGR for the nine months to September 30 to about MOP128. In June, the firm had mentioned that the main. 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. The Macau government forecasts the city’s 2024 “income” from casino gaming will be “MOP200 billion” (US$24. 95 billion, up 305. 4 percent quarter-on-quarter, through “natural attrition”. 34 billion), which is as much as 90. 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. 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. Mr McNally told GGRAsia: “We have already acknowledged the prior concerns expressed by UNESCO. 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. “The process will look to review and assess all strategic alternatives which could assist the company in maximising shareholder value. 34 million) of its EUR500. 03bln, up 15pct y-o-y. Oct 26, 2023 Newsdesk Latest News, Trends & Tech. 27 million, up 147. So said Andrew Lo Kai Bong, an executive director of the Hong Kong-listed entity, in comments to. 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. So said several commentators in remarks to GGRAsia. Mr Power also confirmed that the project. 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. Maybank currently expects Genting Malaysia to post earnings before interest, taxation, depreciation, and amortisation amounting to MYR3. The first Barcelona editions of ICE and iGB Affiliate are to be held at the 240,000 square metres (2. The Macau government collected MOP51. Under the updated regulatory framework. The new offering is scheduled to go live next month. They include: fresh Covid-19 outbreaks; slower. 1 percent from the prior-year period. (Updated 6. ”. “As Macau has introduced more brand-new tourism elements and is exploring additional visitor-source markets in the mainland and overseas, it is. 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. 10 billion (US$1. But the same report said that while some emirates might move forward with developing a casino. 9 percent from May 2022, according to data released on. 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. Pagcor chair, ex-chair, others face charges in E-sabong case. The government wants the integrated resorts [IR] to feed tourists to the local communities. Oct 28, 2022 Newsdesk Latest News, Macau, Top of the deck. 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. 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. 6 percent month-on-month, at just over MOP19. 2022 action packed to the last for Asia casino sector. 9 percent. His comments were made. 81 billion (US$117. Macau’s gross domestic product (GDP) could soar by up to 44. 8 million, from US$8. 25 (US$4. 6 percent more than the level of PHP96. 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. An entity called Let’s Win Group is hosting a “grand opening ceremony” for what it terms a “club” in the Hoiana Resort & Golf property in Vietnam’s. The October result took Singapore’s visitor aggregate for the first ten months of this year, to 11. According to GGRAsia’s correspondent, if the prefecture is selected to host a casino resort, the Wakayama local government plans to sell the land to the would-be casino operator by the same amount as the purchasing price, JPY7. 15pm,. Jumbo aims to develop new and diversified ETG games. The Suncity venue in Manila confirmed to have closed last week was within the Okada Manila casino resort, according to checks done on behalf of GGRAsia. Historically, casino transactions account for a majority of the city’s flagged financial activities. The reporting quarter is also the company’s first quarter of fiscal year 2024. The ending of such measures might herald greater tourism volume and some stable recovery in casino. Specific to GGRAsia readers, we are at the forefront, working alongside legislators and regulators throughout the Asia-Pacific region. Nov 13, 2023 Newsdesk Latest News, Singapore, Top of the deck. MGS Entertainment Show, a Macau-based casino industry trade exhibition and conference, starts its 2023 edition today (Tuesday) at Galaxy International Convention Center (GICC), at the Galaxy Macau casino resort. 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. MGM China 3Q net revenue up 10pct q-o-q, to US$813mln. Ed Bowers, president and chief executive of MGM Resorts Japan LLC, is to give the. 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. 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. 03bln, up 15pct y-o-y. Casino operator Genting Singapore Ltd reported generated third-quarter revenue of just below SGD690. 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. The cited request comes as the city fights its most serious Covid-19 outbreak since the pandemic began in early 2020. His comments were made. In its latest assessment, UBS said it expects China’s economy to grow 3. 6 million, and the deal is expected to close. The property (pictured in. 5 billion (US$1. 86 million visitor arrivals. Clarion said the venue-switch decision had been “endorsed by the ICE. The beachside project is in Ba Ria, Vung Tau, in southern Vietnam. 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. GGRAsia takes its name from a phrase instantly recognisable to the casino investment community - 'gross gaming revenue'. 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. Macau gaming tax revenue tops US$6. Singapore is to introduce a specific offence of “proxy gambling” as part of its new Gambling Control Bill, a piece of legislation that is designed also to consolidate existing betting-related laws for the city-state. The casino regulator said the meeting was to better “understand the situation” regarding claims that the brand was. 7 million (US$6. The body does not provide. Ed Bowers, president and chief executive of MGM Resorts Japan LLC, is to give. 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. Mar 20, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck. 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. Money laundering and misconduct at casinos has renewed the global scrutiny of anti-money laundering and counter-terrorism financing (AML/CTF) compliance. United States-based casino operator Las Vegas Sands Corp said in a Wednesday filing that on Tuesday it had made an agreement to sell its Las Vegas, Nevada venues and operations for US$6. 8 percent from the prior-year period. Meaning of grasia. Nov 07, 2023 Newsdesk Latest News, Singapore, Top of the deck. Mainland China-Jeju charter flight again after 7 years. 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. 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. 25 (US$4. 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. U. Nov 10, 2023 Newsdesk iGaming, Latest News. 5 (3) of the standards: ‘There shall be no hidden or undocumented touch points or buttons. The bureau stated: “In the process of promoting the implementation of non. Cloee Chao Sao Fong, head of local gaming labour activist group New Macau Gaming Staff Rights Association, told GGRAsia: “As far as we know, all casinos allow their table game staff. 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. “Standing bets are allowed. 8 percent below the tally recorded for July. A new Manila casino resort (pictured in an artist’s rendering) at the Westside City Project is likely to launch in 2022 at year-end, followed by a “grand opening” of the rest of the resort property in 2023, said on Thursday, Suncity Group Holdings Ltd, in response to an enquiry from GGRAsia. 28 billion) but was up 33. 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. 4 percent from a year earlier. Macau recorded a total of 17. 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. feet) -capacity Fira de Barcelona, from January 20 to 22, 2025. 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. May 11, 2023 Newsdesk Latest News, Macau, Top of the deck. Pax volume 66pct of 2019 Golden Week says Macau airport. GGRAsia approached MGTO to confirm the details of the subsidy scheme, but did not receive a reply by the time the story went online. 05 billion, with industry-wide net profit at US$2. The year closed with December GGR that slipped 13. 1. 2 million) in the three months to September 30, up 40. 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. “The group views it is a temporary solution which will complement Galaxy Macau, and is working on longer term. SOFTSWISS handles 26k player monitoring requests this year. 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. 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. Mar 16, 2022 Newsdesk Industry Talk, Latest News. 1 million), up 15. GGRAsia understands those tables will be returned to the new-look Grand Waldo complex. 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. 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. 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. 8 percent below the tally recorded for July. The latest monthly tally was up 365. 5 percent at HKD41. Macau has 11 satellite casinos that continued to operate under the new 10-year gaming concessions that started on January 1. 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. 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. 18,927 followers. 6 million. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()“Naga opened yesterday [July 8] with a very positive public response,” Mr McNally told GGRAsia. Las Vegas Sands is also the parent of Macau casino operator Sands China Ltd. 2 percentage points from August, but up by 41. Fitch tips Macau economic rebound at 65pct this year. 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. 8 million, from US$8. A Thursday release on behalf of W Hotels – a marque of hotel conglomerate Marriott International Inc – had said W Macau was “slated to open on September 8” at Studio City, a Macau casino resort property majority-owned by global gaming operator Melco Resorts and Entertainment Ltd. It is the latest iteration of the firm’s “Jin Ji Bao Xi” game series, and is launching with the “Tiger” and “Phoenix. 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. 03 billion) in the third quarter, a slight increase from PHP56. Casino equipment supplier Sega Sammy Creation Inc has installed the first units of its Genesis Crest 43J cabinet series in the Macau market. (Updated 6. Set in a town in the American Wild West, the game features symbols. A spokesperson for Suncity indicated such a topic was a private matter for Mr Chau, rather than for Suncity Group. Games available for the Genesis Crest. The fine was issued in September by the Financial Intelligence Unit (FIU), a body under South Korea’s Financial Services Commission, according to local media. 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. . 58 billion) in full calendar year 2018, up by 22. A spokesman said it had no comment. 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. Market-wide casino gross gaming revenue (GGR) in Macau reached MOP12. RGB 2023 gaming machine sales to be double 2019 record. 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. 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. Pragmatic Play Ltd, a content provider to the iGaming industry, has launched its latest game title, called “The Wild Gang”. Since that date, the two properties have also been allowed to loosen capacity limitations at several of their non-gaming attractions. 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. GEN Singapore 3Q profit up, pledges US$5bln investment. 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. 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’s tourism industry is currently preparing package tour products aimed at overseas markets that already have direct flights to the city, namely South Korea, Japan, Malaysia, Singapore and the. Nine of the 11 continuing satellite casinos rely on SJM Holdings for gaming. Though he added that was because such credit issuance had dramatically reduced in the Macau market. Vietnam’s Ministry of Planning and Investment has submitted a report on the development of a US$2. “The redemption is conditioned on IGT’s receipt of sufficient proceeds under its. 85 billion (US$1. As reported by GGRAsia last month, a gambling zone for foreigners was already in place at the Venetian Macao casino resort, run by Sands China Ltd. 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. 40 billion this year, and HKD8. 55 billion (US$6. 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). GGR rose sequentially for the third consecutive month. The announcement of the Macau event coincides. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning,. “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 appointment was effective from Monday (September 11), according to a social media post on the property’s official LinkedIn account. Global Gaming Business OCTOBER 2021. The property had a formal launch in July, with what the company said. . Macau’s October casino gross gaming revenue (GGR) was up 30. JP Morgan estimated last week’s Macau GGR was about MOP400 million (US$50 million) per day, which its. 47 billion) non-gaming and overseas-marketing spending pledges by up to. 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. The Philippine casino industry reported gross gaming revenue (GGR) of PHP187. 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. 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. Apr 14, 2023 Newsdesk Japan, Latest News, Top of the deck. 2022 action packed to the last for Asia casino sector. Hong Kong-listed LET Group Holdings Ltd, an investor in Asia-Pacific region casino projects, says a US$27. 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). 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. 77 billion at the end of September, a reduction of US$100 million compared to the total debt balance as of June 30, 2023, according to the company. The 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. -based casino developer Las Vegas Sands Corp. The consultation document made no mention of satellite casinos. Fitch Ratings Inc forecasts Macau’s economy will “rebound sharply,” by as much as 65 percent this year, exceeding by 19 percentage points a 2023 recovery estimate the institution made for the city in December 2022, before the relaxation of travel restrictions linked to the Covid-19. 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. 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. Lvmama is. 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”. GGRAsia. 8 percent from the preceding quarter. February GGR fell by 10. 8 million, Sands China stated in a filing to the Hong. 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. GGRAsia asked Mr Kelley about Friday’s market-wide stock price correction, which saw Galaxy Entertainment shares down 6. 0 million (US$507. This October’s tally was 85. 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”. 2 percent achieved in January, said on Wednesday the head of the city’s tourism bureau. Singapore RWS 3Q VIP business solid without overpaying: analysts Nov 14, 2023 Newsdesk Latest News, Singapore, Top of the deck The third-quarter VIP gambling business for Genting Singapore Ltd, operator of Resorts World Sentosa (RWS), half of Singapore’s casino duopoly, was “surprisingly solid”, with its rolling chip. by 31 October 2023,” stated LET in a Wednesday filing. Macau’s October casino gross gaming revenue (GGR) was up 30. 23 billion (US$2. Nov 14, 2023 Newsdesk Latest News, Singapore, Top of the deck. Melco Resorts’ costs are put at 105 percent to 107 percent of 2019. Mr Lui was. [1] They are typically found in shady crevices of calcareous rocks at altitudes of 1,000–3,600 metres (3,300–11,800 ft). That is according to Robert Goldstein. In September alone, the city received 2. Casino junket operators in Macau will each have to pay a guarantee of MOP1. In September and August, casino sales had fallen sequentially at the property on Jeju, a semi-autonomous. The operator’s executive committee chairman Simon Chan Weng Hong, said in recent remarks to GGRAsia, the airport was forecast to handle up to 4. 59-million visitor arrivals in February , a major year-on-year improvement coinciding with the lifting in early January of most Covid-19. Mr Baker had been in post since October 2018, and was involved in the property’s launch, which took place. Set in a town in the American Wild West, the game features symbols including bottles and sheriff badges appearing on the game grid. Brokerage China International Capital Corporation (CICC) Hong Kong Securities Ltd says the cost of excess headcount at Macau casino operator SJM Holdings Ltd has declined by 12. According to the institution, the industry-wide EBITDA margin stood at 29. (fatty tissue) a. Acompañe a Karen Marcela Sierra-Hughes, Vicepresidenta de Latinoamérica, Caribe y España, en Expojoc, el 7 de noviembre de 2023, en el Hotel Westin de Valencia, España. 1 million) as of January this year, reported the Vietnam Investment Review, citing a document generated by Quang Nam province, the place where the property is based. “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. 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. 1 day ago · Mohegan Inspire soft opening scheduled for Nov 30. 6 percent month-on-month, at just over MOP19. ”. “In this market, you. -based casino developer Las Vegas Sands Corp. GGRAsia has approached Galaxy Entertainment seeking comment on the addition of a junket at Galaxy Macau, and asking if more junkets would also be hosted at Yinzuan Club. 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. The figures represented a recovery of 66 percent and 63. The property is being developed by Australia-based operator Crown. ”. 8 percent from the prior-year period. 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. 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 first six days of October were part of this year’s eight-day autumn Golden Week holiday for mainland China residents. by 31 October 2023,” stated LET in a Wednesday filing. The firm’s EBITDA is estimated at US$1. Macau’s Public Prosecutions Office. GGRAsia – Japan Japan JCM half-year gaming sales down nearly 8pct y-o-y Nov 13, 2023 Newsdesk Japan, Latest News, Top of the deck Japan Cash Machine Co Ltd, also known as JCM Global, reported a net profit of JPY1. The foreigner-gambling area in the Cotai resort is located in “Dragon Pavilion”, a premium gaming area within the. 61. The firm told GGRAsia on Thursday that it had deployed the units at the Galaxy Macau casino resort in late September. Aggregate revenue in the mass-market segment stood at MOP33. The official – who oversees the tourism and gaming sectors – declined. “We plan to open for business, including local citizens of. 94 billion (US$1. The 16,000-seat, multipurpose Galaxy Arena. 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,. 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. Macau’s casino gross gaming revenue (GGR) stood at MOP11. 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. Official Chinese media outlets, including People’s Daily and. 79 billion (US$3. 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. 72 billion in April. Timber Stacks awards a win when matching symbols land left-to-right on the matrix, with a ‘tumble. The figure compared with an August GGR result of MOP17. 0 billion (US$1. Lance Gautreaux is the new chief casino officer of Philippine gaming and leisure complex Newport World Resorts. China has had heightened scrutiny of those of its wealthy interested in “cross-border gambling”. com is a website and newsletter about the Asian casino industry. We additionally asked Suncity Group if it had been approached by the ACIC regarding any matters under investigation by the latter. Hong Kong-listed International Entertainment Corp says it will have to invest between US$1. “In this market, you see a lot of supply. The World Poker Tour (WPT) has affirmed a gathering at casino complex NagaWorld in Cambodia, and confirmed another at Crown Poker Club in Hanoi, Vietnam, as elements in its first-half 2024 roster. 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. Galaxy Ent ‘not considering re-entering Boracay’. Where: Macau-based, with an interest in gambling markets across the Asia Pacific region. . Casino equipment supplier Novomatic AG has told GGRAsia the firm has “not sold gaming equipment to the Russian market over the past years”. This detergent cuts the grease better than all the rest. 94 billion (US$1. Deutsche Bank’s revised estimate is. 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. Andrew Lee, an analyst at brokerage Jefferies Hong Kong Ltd, said in a Wednesday note, that MGM China’s “monthly market share increased to 15. The appointment was with effect from Wednesday (November 1), GGRAsia understands. 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. MBS confirms data breach to 665k non-casino client records. ”Non-China VIPs key target for Asia casinos: marketers. Litigation by 26 Capital It was announced last month that 26 Capital was suing Tiger Resort, Leisure and Entertainment – the promoter of the Okada Manila casino resort – urging the prompt consummation. The. The cap for the year ending December 31 has been raised to US$10. 86 million visitor arrivals. Macau’s daily casino gross gaming revenue (GGR) between April 19 and 24 rose 11 percent week-on-week, to MOP83 million (US$10. It was the best monthly performance since January 2020, at the very beginning of the Covid-19 pandemic, when the city’s. The Macau government estimates the city’s 2023 casino gross gaming revenue (GGR) will be MOP216. GGRAsia asked NagaCorp’s Mr McNally whether the group was concerned about the level of competition it might face – particularly for VIP business at Primorye – now that the Suncity brand was a casino investor there in its own right, rather than just a partner for other operators. 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. 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. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. Suncity Group Holdings Ltd, a Hong. The government has said such a step is needed, to pave the way for a fresh public tender for Macau gaming rights.