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. 7 million, up 138. 04 million (US$118. Find out about the earnings, workforce, tax revenue, AML and gaming equipment of the region's casinos and operators. It is the latest iteration of the firm’s “Jin Ji Bao Xi” game series, and is launching with the “Tiger” and “Phoenix. ”. Macau casino GGR US$825mln for October 1 to 8: JPM. The latest monthly tally was up 365. The tally was up 107. The government wants the integrated resorts [IR] to feed tourists to the local communities. The latest data took the casino GGR tally industry-wide for full-year 2022 to just above PHP184. 50 billion (US$2. 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 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”. Goldman Sachs said that in the context of market rivals recently adding new hotel product in the Cotai district, then the 450 Raffles-branded suites would help. This marked the second consecutive quarter of growth. 05 billion (US$776,512) for regulatory breaches, including anti-money laundering (AML) failures, over a three-year span. 4bln in year to Oct. 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. 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. Referring to a Friday announcement by the national authorities. 2 days ago · Ex-LT Game exec Betty Zhao now SVP Aruze Gaming Global. 90 billion. Morgan Stanley now expects Macau’s gaming industry EBITDA to reach nearly US$6. 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 process will look to review and assess all strategic alternatives which could assist the company in maximising shareholder value. But experts suggested to GGRAsia that in the absence of clarity on that point. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. 6 percent month-on-month, at just over MOP19. Nov 10, 2023 Newsdesk Latest News, Top of the deck, World. 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 scheme is said to be partly backed by local hospitality firm Vinpearl Co, part of prominent Vietnam conglomerate Vingroup Co. 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. Nov 08, 2023 Newsdesk Latest News, Trends & Tech. 72 billion in April. 7. Macau casino GGR US$348mln for Nov 1 to 5: JP Morgan November 6, 2023; SJM Holdings, Melco group outlooks now stable: Moody’s November 17, 2023 Macau 3Q GDP more than doubles as gaming exports soar November 17, 2023; Macau gaming tax revenue tops US$6. 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. 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. 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. Jeju Sun’s operation has been paused since March 21, 2020. Fitch tips Macau economic rebound at 65pct this year. 57 billion (US$1. grease. Macau gaming tax revenue tops US$6. That would be circa 8 percent higher than a 25-million figure mentioned by MGTO director Maria Helena de. 45 billion (US$18. 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. 7-percent increase from a year ago. That would imply a daily run-rate of MOP528 million, which is “ahead of (surprisingly) strong April. Casino sales rose 38. Ed Bowers, president and chief executive of MGM Resorts Japan LLC, is to give the. “Latin America. Macau’s daily casino gross gaming revenue (GGR) between April 19 and 24 rose 11 percent week-on-week, to MOP83 million (US$10. S. Global Gaming Business OCTOBER 2021. 5 (3) of the standards: ‘There shall be no hidden or undocumented touch points or buttons. Gambling & Gaming · China · <25 Employees. Despite posting strong revenue growth in the first quarter, Macau names are likely to wait. 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. Oct 10, 2023 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck . U. FBM Digital Systems, known as FBMDS and part of gaming equipment supplier FBM, says it has a new game with a Halloween-season theme, called “Champion Tales Crash-O-Ween”. Genting Singapore is the promoter of the Resorts World Sentosa casino complex (pictured) in Singapore. The Macau government has set up what it calls a “referral mechanism” to help local associations liaise with the city’s casino operators on potential non-gaming projects related either to culture or sports. 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 Financial Services Bureau. That was according to a. Since that date, the two properties have also been allowed to loosen capacity limitations at several of their non-gaming attractions. 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. 85 billion (US$1. 20 billion, the latter down 16 percent from a previous estimate of. The body does not provide. 1 percentage points year-on-year, showed the data. 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. 8 percent from the preceding quarter. Apr 14, 2023 Newsdesk Japan, Latest News, Top of the deck. He was speaking on Wednesday on the firm’s conference call with analysts. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. Visitors from South Korea more than. 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. 2 percent quarter-on-quarter, and an 852. May 11, 2023 Newsdesk Latest News, Macau, Top of the deck. 17), with the lowest bets there still in the hundreds of Hong Kong dollars. Nov 15, 2022 Newsdesk Latest News, Macau, Top of the deck. Casinos are coming under renewed scrutiny by global regulators seeking to crack down on money laundering and misconduct within the gaming industry worldwide. They see Vietnam’s potential, even as the Asia-Pacific region’s previous high-roller. The Macau government estimates the city’s 2023 casino gross gaming revenue (GGR) will be MOP130 billion (US$16. The force said it had proposed a joint “task force” regarding the threat of illicit money changing. . 55 billion this year, versus a previous estimate of US$6. The criminal penalty idea – along with others – is subject to a 45-day public consultation that started on September 15. Non-China VIPs key target for Asia casinos: marketers. Historically, casino transactions account for a majority of the city’s flagged financial activities. She stated that the measure was already being implemented by the city’s casino industry. Macau’s October casino gross gaming revenue (GGR) was up 30. Lance Gautreaux is the new chief casino officer of Philippine gaming and leisure complex Newport World Resorts. 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 orders 3 days of home testing amid Covid alert. The Macau casino sector is “never returning” to its former focus on VIP table gambling, but the electronic gaming segment “can grow faster than many people think,” said Kevin Kelley (pictured. Nov 14, 2023 Newsdesk Latest News, Macau, MGS Entertainment Show, Top of the deck. 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. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. Nine of the 11 continuing satellite casinos rely on SJM Holdings for gaming. But the official said the government could not demand the six casino concessionaires to make such salary adjustment. Alan Feldman (pictured), described as one of the world’s leading experts on responsible gaming, “has agreed to serve” on the committee, according to the announcement. The aggregate amount is US$107. 51 billion (US$2. The banking institution added it was maintaining its November full-month GGR forecast at. Este detergente corta la grasa mejor que todos. Macau recorded nearly 2. 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. 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. Nov 24, 2023 Newsdesk Latest News, Philippines, Top of the deck . 85 billion), according to official data. 5 percent at HKD41. The regulator told GGRAsia: “As stated in Section 4. 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. 10 billion (US$1. The proportion of Macau visitors in October this year. 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. RGB 2023 gaming machine sales to be double 2019 record. The scheme is said to be partly backed by local hospitality firm Vinpearl Co, part of prominent Vietnam conglomerate Vingroup Co. 03 billion) in the third quarter, a slight increase from PHP56. 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. Mass-market baccarat generated nearly MOP20. Taiwan-based casino equipment supplier Jumbo Technology Co Ltd is planning to develop more games for the electronic table game (ETG) segment in Macau. 1 percent this year, according to the “Macroeconomic Forecast for Macao 2023”, published by the University of Macau (UM). A ‘Jin Ji Bao Xi Grand’ entrance from Light & Wonder. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning, marking. 9 percent from May 2022, according to data released on. The reporting quarter is also the company’s first quarter of fiscal year 2024. The promoter also organises gaming-industry-related gatherings in North America and Africa. Donaco reported group net revenue of AUD9. 5 million), suggested Citigroup Inc in a Monday memo, citing industry sources. Casino operator Wynn Resorts Ltd announced on Wednesday in the United States plans for its long-anticipated expansion of its Macau casino resort Wynn Palace. The company’s EBITDA might reach HKD6. “Players must make winning combinations. 5 percent sequentially in. 0 million for 2024; and HKD38. 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. 80 billion), it said in the 2024 fiscal year budget proposal published on Wednesday. Casino operator Genting Singapore Ltd reported generated third-quarter revenue of just below SGD690. Feb 26, 2021 Newsdesk Latest News, Macau, Top of the deck. 1 percent from the prior-year period. The Macau casino sector is “never returning” to its former focus on VIP table gambling, but the electronic gaming segment “can grow faster than many people think,” said Kevin Kelley (pictured. 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. 2 billion to develop an integrated resort (IR) with a casino in the Philippines capital, Manila. 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. 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. 05 billion in 2023, and US$1. 6 million. So said Greg Saint (pictured), ICE Asia event director, in an interview with GGRAsia. So says Jerry Hu (pictured), regional business development manager for land-based gaming at Jumbo. 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. 03 billion) in the third quarter, a slight increase from PHP56. 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. 75 billion, up 14. 3 percent month-on-month in October, to KRW19. 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. Sep 29, 2023 Newsdesk Latest News, Trends & Tech. 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”. 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. 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. View the latest US news, top stories, photos and videos from around the nation. “This looks like another step” in the “direction,” of firmer control he added, referring to the proxy gambling. The Suncity brand’s hopes of winning a Macau casino licence in an expected public retender process – due because the city’s six existing concessions expire in 2022 – may have been dealt a blow by allegations in Chinese mainland media that it facilitated online gambling. Casino sales rose 38. The Wakayama prefectural government has been active in pursuing the opportunity to host a casino resort. 4 percent year-on-year in calendar year 2019. 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. Set in a town in the American Wild West, the game features symbols. Available to guests from that day will be three hotel towers with 1,275 rooms; a multi. “Timber Stacks” is the latest digital slot offer from online gaming content provider Pragmatic Play Ltd. 42 billion), said on Wednesday the local regulator, the Gaming Inspection and Coordination Bureau. 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. We have had “numerous” approaches. “We anticipate its 2024 mass GGR will be 5 percent to 15 percent stronger than in. “In this market, you. G2E Asia, organised by the American Gaming Association and Reed Exhibitions, had been staged annually in Macau from 2007 and up to 2019. 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. The announcement was made via a social media post. by 31 October 2023,” stated LET in a Wednesday filing. The break is sometimes referred to by investment. Melco Resorts’ costs are put at 105 percent to 107 percent of 2019. 50-billion revolving credit agreement. The latest monthly tally was up 365. The October result took Singapore’s visitor aggregate for the first ten months of this year, to 11. WPT confirms Vietnam, Cambodia meetings for 2024 season. Graellsia is a genus of small perennial sub- caespitose herbs in the family Brassicaceae. 95 billion, up 305. 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. Such revenue was up 374. Sep 28, 2023 Newsdesk Latest News, Philippines, 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. A total of 87 out of an aggregate 171 casino-licence applications had resulted in renewal as of October 10, said Ros Phirun, secretary general at the Commercial Gambling Management Commission of Cambodia, in recent comments to GGRAsiaMacau May GGR set for new post-Covid peak: brokerage. 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. 55 billion. Read MorePhilippines 3Q industry GGR US$1. 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. 7 percent. GGRAsia has also approached the other large-scale casino resorts in Metro Manila, asking them to confirm that gaming is among suspended operations. A number of commentators spoken to by GGRAsia indicated that public support was vital for the plan to have a chance of success. 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. Resorts World Cruises, a casino cruise brand set up last year by Malaysia’s Lim family shortly after the liquidation of former casino cruise operator Genting Hong Kong Ltd, is to run cruises to the. Meaning of grasia. A spokesperson for Suncity indicated such a topic was a private matter for Mr Chau, rather than for Suncity Group. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck. 39 million) in fines, for 182 cases of breaking anti-money laundering (AML) rules. GGRAsia asked Mr Kelley about Friday’s market-wide stock price correction, which saw Galaxy Entertainment shares down 6. Macau hotel occupancy in September dips m-o-m. 6-million deal to sell a plot of land in Hokkaido, Japan, has been terminated. The introduction of Philippine Inland Gaming Operator (PIGO) licences has reshaped the gambling scene in the Philippines, as large-scale integrated casino operators have ventured into the online space, fostering increased trust among players in this type of gambling, according to Suat Sirin, president of Tecnet Asia Inc, a firm providing. It was about 60 percent of first-quarter 2019 levels, said parent Las Vegas Sands in April. That is according to data released on Monday by the country’s casino regulator, the Philippine Amusement and Gaming Corp (Pagcor). 00 billion, up 90. The remarks. 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. 90-billion loss in the prior-year period. The institution said net revenue for the sector should be about US$24. 0 million) for the three months to September 30, according to a presentation published on Thursday. ” Door still. That is according to data released on Wednesday by the local regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ. 34 billion), which is as much as 90. Third-quarter net income attributable to gaming equipment maker and content provider International Game Technology Plc (IGT) fell 64. The firm added it was optimistic about the VIP gaming business for this year. (Updated 6. “It was really at the end of 2021 where we got the company to endorse our growth strategy in Asia,” as a whole, he. The new offering is scheduled to go live next month. Sep 26, 2023 Newsdesk Latest News, Macau, Top of the deck. 1d Edited. Alfastreet opted not to have a stand at the event. Lvmama is. The new rules – announced on Friday – appear to leave open the possibility of. GGRAsia understands those tables will be returned to the new-look Grand Waldo complex. 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. A few junkets still active in Macau: industry veteran. 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. 7 percent from a year earlier, to nearly. 34 billion in the second quarter this year, accounting for a share of nearly 73. “The buyer has failed to pay the remaining balance of the purchase price of US$22. SOFTSWISS Sportsbook 3Q GGR up 523pct y-o-y. 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. Currently, people travelling from Zhuhai to Macau are required to present a certificate – issued within 48 hours of departure from Zhuhai. International casino operator Las Vegas Sands Corp says it has amended with banking partners certain term loans regarding a US$1. it/SkDY0K34. 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. GGRAsia asked the gaming bureau about its thinking regarding a ban on hidden touch points or hidden buttons on slot machine player screens, but it opted only to quote from the new standards. Peter DeRaedt, president of IGSA, said in prepared remarks that the organisation would be leading a “concerted effort to create cyber standards to protect” the gaming industry. Nov 14, 2023 Newsdesk Latest News, Macau, Top of the deck. The documents were filed via the same database that showed three other major junket brand names serving mainland customers – “Tak Chun”, “Guangdong Club. “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. 4 million declined 4. In September alone, the city received 2. It nonetheless expects a fiscal deficit for 2023, with aggregate income – including from a. Macau’s recovery rate in gross gaming revenue (GGR) is likely to trigger as early as next year a government condition for the city’s six casino operators to increase their collective MOP108. 25 (US$4. 94 billion (US$1. 4bln in year to Oct November 17, 2023; SJM excess labour costs down 12pct. 7 billion (US$13. 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. 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. Casino groups MGM. Macau’s casino gross gaming revenue (GGR) contracted 3. 85 billion), according to a Sunday announcement from the local regulator, the Gaming Inspection and Coordination Bureau. A spokesperson for MegaLuck Casino, run by Hong Kong-listed New. Deutsche Bank’s revised estimate is. 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. GGRAsia quizzed the group’s chairman and CEO on whether the company was looking for new Marina Bay Sands customers beyond mainland China. Sep 14, 2023 Newsdesk Latest News, Macau, Top of the deck. We hope there will be a [daily average of] 80,000 to 90,000 visitor arrivals during the upcoming Golden Week. Specific to GGRAsia readers, we are at the forefront, working alongside legislators and regulators throughout the Asia-Pacific region. Dec 28, 2022 Newsdesk Latest News, Macau, Top of the deck. 58 million sq. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. But the same report said that while some emirates might move forward with developing a casino. Aristocrat Gaming, the casino technology segment of Aristocrat Leisure Ltd, says it has launched its slot game “Tian Ci Jin Lu” – complete with what it terms “metamorphic signage” (pictured) – at Hann Casino Resort in Clark, in the Philippines. 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”. The gaming executive spoken to by GGRAsia on condition of anonymity said overall transport-infrastructure improvement was a task beyond the remit of the resort operators. 7 million (US$6. The ending of such measures might herald greater tourism volume and some stable recovery in casino. The government has said such a step is needed, to pave the way for a fresh public tender for Macau gaming rights. 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. The event is scheduled to take place in Singapore, from August 24 to 26. 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. JP Morgan said that based on its own checks, Macau-market GGR for the first 18 days of June was estimated at MOP9. What: GGRAsia, a business-to-business website and newsletter for the Asian casino industry. 47 billion) non-gaming and overseas-marketing spending pledges by up to. 6 percent from the comparable 2022 period. 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. -based casino developer Las Vegas Sands Corp. The official – who oversees the tourism and gaming sectors – declined. e, before the property opened – and chairman of that entity since 2015. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. The event is scheduled to take place in Singapore, from August 24 to 26. 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. 6 percent more than the level of PHP96. 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. Mainland China-Jeju charter flight again after 7 years. 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. Casino slot machine maker and digital games provider Aristocrat Leisure Ltd opened on Tuesday what it called “the first dedicated gaming showroom” in the Philippines. The South Korean government has confirmed to GGRAsia that the promoters of the RFKR Resort casino project at Incheon must restart building work within three months, or the authorities might reconsider the latest 12-month extension on the first-phase deadline. The announcement of the Macau event coincides. Halloween-theme game debuts for FBM Digital Systems. 48 billion next year. “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. Mar 16, 2022 Newsdesk Industry Talk, Latest News. We hope there will be a [daily average of] 80,000 to 90,000 visitor arrivals during the upcoming Golden Week. This is according to Kim Jong-min, a former national. ”. Ed Bowers, president and chief executive of MGM Resorts Japan LLC, is to give. 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. GGRAsia | 4,024 followers on LinkedIn. 8 million, Sands China stated in a filing to the Hong Kong Stock. 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. They include: fresh Covid-19 outbreaks; slower. Mr Au’s arrival follows the resignation of Betty Zhao as COO in late October. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning,. 8 percent below the tally recorded for July. Macau gaming sees workforce growth, still below pre-Covid. That was because it came amid the backdrop of already-challenging trading. 5 percent at HKD41. 0 million for 2024; and HKD38. The appointment was with effect from Wednesday (November 1), GGRAsia understands. 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. According to figures provided to GGRAsia, Primorsky received 626,044 foreign visitors in the first nine months of 2018, up 21. 23 billion (US$2. “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. S. 0 percent from 2019 levels, at just below US$1. 0 million (US$507. GGR rose sequentially for the third consecutive month. 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 province’s courts. The latest stipulation was corroborated to GGRAsia by Cloee Chao, head of local gaming labour activist group New Macau Gaming Staff Rights Association. The figure represented a 10-percent increase from the results of the pre-pandemic third quarter in 2019, said a Wednesday. 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. 9 percent from the preceding quarter, but down 10. Macau recorded over 7. 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). Nov 14, 2023 Newsdesk Latest News, Singapore, Top of the deck. Aggregate revenue in the mass-market segment stood at MOP33. 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. ”. For other cases, such penalties range from up to five years in prison, plus a fine; to a “controlled release along with a fine”. South Korea’s casino trade association has so far acquired circa 70 members, Ms An told GGRAsia. Technology that seeks to help identify a person from the way they walk, was one topic of discussion during a “Safety and Security” strand of the casino industry’s Global Gaming Expo (G2E) Asia Online Conference 2020, moderated by GGRAsia on Wednesday. The 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. 34 million) of its EUR500. Why: To provide the gaming industry with up-to-date news and information. 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. 67 trillion (US$248. Such reimbursements are capped at HKD24. 7 billion. But the government has already discounted tackling it via. “The law on commercial gambling. ”. Macau gaming tax revenue tops US$6. “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. 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 to a GGRAsia enquiry. “We started testing here in Macau 10 years ago, and nearly 100 percent of our work was terrestrial games. It could be “2025 or 2026” before Macau International Airport sees 2019, i. Nov 13, 2023 Newsdesk Latest News, Singapore, Top of the deck. Regarding other work by the division, Mr Son said that some of its officials were scheduled to visit Osaka, Japan, this month – accompanied by representatives. Available to guests from that day will be three hotel towers with 1,275 rooms; a multi-purpose 15,000. 1 day ago · Mohegan Inspire soft opening scheduled for Nov 30. “The Japanese government is continuing the review of Kyushu-Nagasaki IR, but no schedule has been given,” said. The brokerage forecasts approximately MOP750 million (US$93. Aggregate revenue in the mass-market segment stood at MOP33. The venue – part of the firm’s new offices – is located in Pasay City, Manila, close to the private-sector casino resorts at Entertainment City. 3-acre] property in Boracay island into an integrated casino project”. 2 million) in the three months to September 30, up 40. ”. Nov 24, 2023 Newsdesk Latest News, Philippines, Top of the deck . 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. “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. 90 billion. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck.