The owner and operator of Philippine casino and leisure complex Newport World Resorts (pictured), in the capital Manila, said fourth-quarter overall revenues rose 164 percent year-on-year, to PHP8. The third-quarter loss at Macau casino operator SJM Holdings Ltd declined by 78. 55 billion (US$6. Dec 28, 2022 Newsdesk Latest News, Macau, Top of the deck. 81 billion (US$117. She's following a low-fat diet. The firm added it was optimistic about the VIP gaming business for this year. 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. 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. Historically, casino transactions account for a majority of the city’s flagged financial activities. 2 days ago · Gaming software and services provider SOFTSWISS says the Asia-Pacific (APAC) region “offers a substantial opportunity” for the iGaming industry in 2024. Meaning of grasia. 65 billion (US$824. EBITDA for the latest reporting period stood at just above AUD5. The latest monthly tally was up 365. So said several commentators in remarks to GGRAsia. Nov 13, 2023 Newsdesk Latest News, Singapore, Top of the deck. But local gaming scholar Wang Changbin said, in comments to GGRAsia, that China shows no sign of easing its “dynamic zero-Covid” policy regarding community management of Covid-19 infection risk, and it may persist into next year. 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. 8-million] per day of GGR in 2023’s May [Labour Day] Golden Week could serve as a good starting point for previewing into the October one. The management clarified, in response to an enquiry from GGRAsia, there was “status quo” in terms of Genting Hong Kong Ltd being “partners in. The information was given by André Cheong Weng Chon (pictured second right. Mainland China-Jeju charter flight again after 7 years. Morgan Stanley now expects Macau’s gaming industry EBITDA to reach nearly US$6. ”. ”. 25 (US$4. 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. 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. Oct 07, 2022 Newsdesk Latest News, Macau, Top of the deck. 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 Philippine casino sector produced gross gaming revenue (GGR) of PHP56. 94 billion (US$1. 03bln, up 15pct y-o-y. The property is being developed by Australia-based operator Crown. 1 million), up 15. 93 billion) in May, up 5. 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. 58 billion) in full calendar year 2018, up by 22. “This suggests the reopening recovery is still ongoing. “It was really at the end of 2021 where we got the company to endorse our growth strategy in Asia,” as a whole, he. 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. A loan of up to US$80 million offered to casino operator NagaCorp Ltd from the trust set up by its founder and controlling shareholder Chen Lip Keong, is a “credit positive”, says Moody’s Investors Service Inc, as it would address the 2024 maturity of a company bond. Definition of grasia in the Definitions. GGRAsia asked Mr Kelley about Friday’s market-wide stock price correction, which saw Galaxy Entertainment shares down 6. The existence of the service was independently verified by GGRAsia, after checks of publicly. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. This October’s tally was 85. A ‘Jin Ji Bao Xi Grand’ entrance from Light & Wonder. 8 percent from the prior-year period. The actual amounts. Macau mass baccarat nearly 60pct of 1Q GGR: regulator. 03 billion) in the third quarter, a slight increase from PHP56. S. 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. Gaming software and services provider SOFTSWISS says that since the beginning of the year its multifunctional Anti-Fraud Team has “processed more than 26,000 requests encompassing lockout of problematic players, analysing notifications concerning at-risk players and. JP Morgan said that based on its own checks, Macau-market GGR for the first 18 days of June was estimated at MOP9. The first phase of a multibillion-U. That is according to data released on Monday by the country’s casino regulator, the Philippine Amusement and Gaming Corp (Pagcor). 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. 0 billion (US$26. 9 percent from the preceding quarter, but down 10. 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”. The appointment was effective from Monday (September 11), according to a social media post on the property’s official LinkedIn account. Aside from those events, the name “Suncity” was already featuring in a variety of mainland investigations, GGRAsia has now been able to confirm after a review of official documents. Alejandro Tengco (pictured in a file photo), chairman and chief executive of the Philippine casino regulator, the Philippine Amusement and Gaming Corp (Pagcor), has told GGRAsia it has already had “numerous” expressions of interest regarding the selling off of state-owned Casino Filipino gaming venues. 95 billion, up 305. Galaxy Entertainment however sees the “extensive refit” of Grand Waldo as not final. 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. “We are pleased the new gaming legislation has passed,” said Tim McNally, referring to a statute known as. Though he added that was because such credit issuance had dramatically reduced in the Macau market before. 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. 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. 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. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck. Macau gaming operator says it has raised the annual cap set for transportation, logistics and technical services provided by its parent company, U. Timber Stacks awards a win when matching symbols land left-to-right on the matrix, with a ‘tumble. -dollar casino resort complex (pictured in artist’s rendering) on Vietnam’s central coast – a project partly backed by Suncity Group Holdings Ltd – is expected to be ready and launched by the end of this year. ”. 7 percent from a year earlier, to nearly. The firm told GGRAsia on Thursday that it had deployed the units at the Galaxy Macau casino resort in late September. “We started testing here in Macau 10 years ago, and nearly 100 percent of our work was terrestrial games. Genting Singapore is the promoter of the Resorts World Sentosa casino complex (pictured) in Singapore. The figures represented a recovery of 66 percent and 63. The firm said that was “contrary to some recent media reports”. Casino equipment maker and digital gaming content provider International Game Technology Plc (IGT) says it will redeem on November 7 the outstanding EUR112. 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. Macau embracing electronic play, new clients: Galaxy COO. 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. 35 million visitor arrivals from Hong Kong during 2019. GGRAsia was named “Gaming Media of the Year” at the Asia Awards ceremony held in the Philippine capital Manila on Wednesday, for the first edition of SiGMA Asia, a conference and exhibition for the online gaming industry organised by SiGMA Group. 6 million. 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. Such reimbursements are capped at HKD24. Macau’s Public Prosecutions Office. 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. The average occupancy rate for Macau’s hotel sector stood at 78. In September and August, casino sales had fallen sequentially at the property on Jeju, a semi-autonomous. “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. Morgan Stanley now expects Macau’s gaming industry EBITDA to reach nearly US$6. Up to seven UAE casino licences possible: report. 5 million), versus a HKD1. “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. Nov 10, 2023 Newsdesk iGaming, Latest News. The promoter also organises gaming-industry-related gatherings in North America and Africa. 8 billion), said on Friday the city’s Chief Executive (CE), Ho Iat Seng. That would be before the national government has published its so-called basic policy on IRs, a milestone likely in the first quarter 2020. 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). The conclusion was based on data the company compiled for a report it produced detailing the key trends that will shape the online gaming sector in the coming year. 8 million, from US$8. 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. 4bln in year to Oct. Macau has fallen to third spot regionally in terms of gross gaming revenue (GGR) in the three months to September 30, behind Singapore and the Philippines, according to figures compiled by GGRAsia. The Wakayama prefectural government has been active in pursuing the opportunity to host a casino resort. 20 billion, the latter down 16 percent from a previous estimate of US$2. Oct 25, 2023 Newsdesk Japan, Latest News, Top of the deck. It took Macau’s GGR for the nine months to September 30 to about MOP128. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning, marking. SOFTSWISS handles 26k player monitoring requests this year. Resorts World Cruises drops Okinawa-Sanya for SE Asia ports. 9 percent. “We are thrilled to welcome Betty. They see Vietnam’s potential, even as the Asia-Pacific region’s previous high-roller. According to the report, It is expected that Laguna Lăng Cô would “contribute US$245 million” annually to the budget of Thua Thien Hue province from 2021 onward. 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. e. It was the best monthly performance since January 2020, at the very beginning of the Covid-19 pandemic, when. 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. 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. Casino equipment and online games provider Light & Wonder Inc (L&W) reported revenue of US$731 million for the third quarter of 2023, up 12. 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. He was speaking on Wednesday on the firm’s conference call with analysts. 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. 00 billion, up 90. Nine of the 11 continuing satellite casinos rely on SJM Holdings for gaming. Since that date, the two properties have also been allowed to loosen capacity limitations at several of their non-gaming attractions. 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. 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. 17), with the lowest bets there still in the hundreds of Hong Kong dollars. The 15 percent figure was understood to be a reference to share of Macau casino gross gaming revenue (GGR). The W Macau hotel tower at Studio City Phase 2 (pictured in a rendering) in Macau is due to open in September, says Lawrence Ho Yau Lung, chairman and chief executive of Melco Resorts & Entertainment Ltd. Macau’s daily casino gross gaming revenue (GGR) between April 19 and 24 rose 11 percent week-on-week, to MOP83 million (US$10. 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. 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. Nov 08, 2023 Newsdesk Latest News, Trends & Tech. The Macau government collected MOP51. But he added that because such actions were tantamount to what he termed “illicit currency swaps [exchange]” – it should be looked at instead. 2 million) in the three months to September 30, up 40. Dec 17, 2022 Newsdesk Latest News, Macau, Top of the deck. . GGR rose sequentially for the third consecutive month. 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. 01 billion, a rise of 295. 21 million achieved in October 2019, the year prior to the start of the Covid-19 pandemic, showed the data. 4bln in year to Oct. “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. It did not specify when she was appointed. Under the updated regulatory framework. That was because it came amid the backdrop of already-challenging trading. 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. Apr 04, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck. 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. 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. com is a website and newsletter about the Asian casino industry. Macau recorded nearly 2. The city’s market-wide mass GGR “is recovering faster” than the ratings institution had forecast, added the memo. 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 criminal penalty idea – along with others – is subject to a 45-day public consultation that started on September 15. 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. A “channel check” by Credit Suisse (Hong Kong) Ltd indicates that the Macau gaming-concessions public tender process “is not as straightforward as expected,” with the “government demanding much more non-gaming investment” from the bidders. The investment pledge is part of an agreement with the country’s gaming. 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. 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. Melco Resorts’ total debt stood at US$7. 0 percent year-on-year, “as a result of higher operating expense and depreciation reflecting higher labour costs and. 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. Everi Holdings Inc reported revenue of US$206. 72 billion in April. 85 billion (US$1. 93 billion) in May, up 5. Mr Lui was. 6 percent month-on-month, at just over MOP19. The event is scheduled to take place in Singapore, from August 24 to 26. W Macau will add 557 rooms and suites (example. 55 billion (US$6. Global Gaming Business OCTOBER 2021. 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. The ending of such measures might herald greater tourism volume and some stable recovery in casino. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. Macau has 11 satellite casinos that continued to operate under the new 10-year gaming concessions that started on January 1. The first tourism-related chartered passenger flight in seven years from mainland China to the South Korean holiday destination of Jeju Island, was welcomed on the first weekend of this month. Galaxy Ent ‘not considering re-entering Boracay’. 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. The October result took Singapore’s visitor aggregate for the first ten months of this year, to 11. Mr Dagtas told GGRAsia that Newport World Resorts was a significant player in Asia in the poker segment, having had a poker room since 2010, compared to competitor venues that “went into poker business in and out, on and off. The calculations by Deutsche Bank analyst Carlo. Mainland Chinese tourists accounted for more than half of the aggregate number of visitors in the January to September period, at 353,220. 39 million) in fines, for 182 cases of breaking anti-money laundering (AML) rules. But the official said the government could not demand the six casino concessionaires to make such salary adjustment. GGRAsia. Pagcor chair, ex-chair, others face charges in E-sabong case. The proportion of Macau visitors in October this year. Currently, people travelling from Zhuhai to Macau are required to present a certificate – issued within 48 hours of departure from Zhuhai. Clarion said the venue-switch decision had been “endorsed by the ICE. Nov 10, 2023 Newsdesk iGaming, Latest News. Labour Day proper, is May 1. 1 million) in daily GGR. 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. 29). Suncity Group Holdings Ltd, a Hong. 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”. 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. Industry consultant Ben Lee told GGRAsia that in his opinion, “Singapore has the tightest anti-problem gambling measures in the world,” in addition to an entry levy applicable to Singapore citizens and permanent residents. G2E Asia, organised by the American Gaming Association and Reed Exhibitions, had been staged annually in Macau from 2007 and up to 2019. 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. Hann Casino says taps underserved Manila rich, foreigners. Maria Helena de Senna Fernandes, director of Macao Government Tourism Office (MGTO), was speaking on the sidelines of a public event. Casino sales rose 38. 67 trillion (US$248. 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). 80 billion. Dividend restart still far for Macau ops: JP Morgan. Nov 17, 2023 Newsdesk iGaming, Latest News. 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. 24-billion casino resort for Hon Tre island. The resort’s parent, Japan’s Universal Entertainment Corp, said it had received approval from the Philippine authorities to run in tandem with its bricks and mortar casino (pictured), a total of. 85 billion), according to official data. 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. Gambling & Gaming · China · <25 Employees. As part of the brand’s plans and to “effectively control. GGRAsia approached Suncity Group on Friday, seeking comment on that report by The Age. The idea of a new hotel tower for Cotai Expo at the Venetian Macao casino resort would represent capital expenditure (capex) additional to the MOP30 billion (US$3. The sentence was read out on Wednesday (January 18) at the city’s Court of First Instance by the presiding judge, Lou Ieng Ha. The criminal penalty idea – along with others – is subject to a 45-day public consultation that started on September 15. 48 billion next year. 4bln in year to Oct November 17, 2023; SJM excess labour costs down 12pct. 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. 5 percent sequentially in. Saola, classified as a super typhoon, has been moving through the region for days, prompting evacuations in the Philippines and school closures and travel disruptions in Taiwan. Germany-based business emoji company GmbH has partnered with Aristocrat Gaming, the casino-equipment business of Aristocrat Leisure Ltd, to launch a branded “emoji ALL STARS” slot machine product. 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. 6 million for the third quarter, up 1. The beachside project is in Ba Ria, Vung Tau, in southern Vietnam. Macau casino GGR US$825mln for October 1 to 8: JPM. Nov 14, 2023 Newsdesk Latest News, Macau, MGS Entertainment Show, Top of the deck. From GGRAsia site checks in early October, Texas Hold’em poker zones were available and active on the mass gaming floors inside a number of Macau’s major casino properties. 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. 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. GGRAsia is a website and newsletter about the Asian sector of the casino industry. SJM excess labour costs down 12pct q-o-q: brokerage. It expects Wynn Macau Ltd’s costs to be 100 percent to 105 percent of 2019’s. Aristocrat Gaming is aiming to supply the “lion’s share” of circa 3,000 gaming machines that are likely to enter the Macau casino market per year, said Lloyd Robson, general manager for Asia, in an interview with GGRAsia. That is the case of House committee’s vice chairman Mr Boonlue. International casino operator Las Vegas Sands Corp says it has amended with banking partners certain term loans regarding a US$1. What does grasia mean? Information and translations of grasia in the most comprehensive dictionary definitions resource on the web. 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. 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. “Timber Stacks” is the latest digital slot offer from online gaming content provider Pragmatic Play Ltd. Macau’s casino gross gaming revenue (GGR) for the first eight days of October is estimated at MOP6. 32 billion (US$1. Pragmatic Play Ltd, a content provider to the iGaming industry, has launched its latest game title, called “The Wild Gang”. But the ratings. 61 million passengers handled in 2019, the last trading. Lui Che Woo, chairman of Galaxy Entertainment, was quoted in the announcement as saying: “From the. RGB 2023 gaming machine sales to be double 2019 record. 5 million), suggested Citigroup Inc in a Monday memo, citing industry sources. Based on previously-published CAM data, that would be circa 47 percent of the 9. Mr Gautreaux was described as. Read More What: GGRAsia, a business-to-business website and newsletter for the Asian casino industry. Macau’s Gaming Inspection and Coordination Bureau, also known by its Portuguese acronym DICJ, confirmed to GGRAsia late on Tuesday that it had met that day with representatives of Macau junket investor Suncity Group. Pagcor chair, ex-chair, others face charges in E-sabong case. “Clark, as a destination, is still in its early. 9k: Citi. 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. 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. The figure compared with an August GGR result of MOP17. “The redemption is conditioned on IGT’s receipt of sufficient proceeds under its. The scheme is said to be partly backed by local hospitality firm Vinpearl Co, part of prominent Vietnam conglomerate Vingroup Co. GGRAsia asked Mr Kelley about Friday’s market-wide stock price correction, which saw Galaxy Entertainment shares down 6. “The process will look to review and assess all strategic alternatives which could assist the company in maximising shareholder value. The documents were filed via the same database that showed three other major junket brand names serving mainland customers – “Tak Chun”, “Guangdong Club. Mar 23, 2023 Newsdesk Latest News, Top of the deck, World. Hokkaido covets ‘green IR’ scheme, says tourism boss. 15pm,. 05 billion (US$776,512) for regulatory breaches, including anti-money laundering (AML) failures, over a three-year span. The institution said net revenue for the sector should be about US$24. DigiPlus says ‘no imminent plans’ for Boracay casino. 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”. For other cases, such penalties range from up to five years in prison, plus a fine; to a “controlled release along with a fine”. Casinos are coming under renewed scrutiny by global regulators seeking to crack down on money laundering and misconduct within the gaming industry worldwide. Find out about the earnings, workforce, tax revenue, AML and gaming. Sourcing more foreign players is a way for the Macau junkets to cope with the new reality, suggested local gaming scholar Ryan Ho Hong Wai, in comments to GGRAsia. 5 percent at HKD41. (oily substance) a. ” “Although impacted by the pandemic, Ho Tram Project Co is very proud of [its] continued development progress during this challenging time. (fatty tissue) a. Nov 07, 2023 Newsdesk iGaming, Latest News. The figure represented. 25 billion. -based casino developer Las Vegas Sands Corp. 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. 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. Read More Philippines 3Q industry GGR US$1. 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. 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. The announcement of the Macau event coincides. 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. AI test work integral to growth strategy at GLI: Ian Hughes. Mohegan Inspire soft opening scheduled for Nov 30. -based casino developer Las Vegas Sands Corp. Citigroup says its Macau-market observations indicate an average premium-mass wager per player in November, of HKD22,251 (about US$2,855), a 37-percent increase when compared to its checks in the same month in 2019. But the same report said that while some emirates might move forward with developing a casino. ”. Casino junket operators in Macau will each have to pay a guarantee of MOP1. This detergent cuts the grease better than all the rest. 1 percent from the comparable 2022 period. - based casino operator and hospitality business Hard Rock International Inc has previously confirmed its interest in developing a casino at the beach resort. The Macau government collected just above MOP26. Casino sales rose 38. JP Morgan estimated last week’s Macau GGR was about MOP400 million (US$50 million) per day, which its. Aggregate revenue in the mass-market segment stood at MOP33. According to these, the overall handle of the sector in the Philippines amounted to around PHP184. 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. 0 percent in third-quarter 2019. “Latin America holds. “In this market, you. Resorts World Manila is rebranding as “Newport World Resorts” (pictured) from Wednesday (July 20), the management of the Philippine gaming and leisure complex said in a press release that day. Oct 28, 2022 Newsdesk Latest News, Macau, Top of the deck. 55 billion this year, versus a previous estimate of US$6. In April, the government had confirmed to GGRAsia the plan for a bill to cover an update to the city’s illegal gambling regime as part of a number of regulatory steps impacting the gaming sector. 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. 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. Macau’s gross domestic product (GDP) could soar by up to 44. The glass and steel Crystal Pavilion (pictured in an artist’s rendering) – as the group has dubbed it – and an. 4 percent from a year earlier. 0 million) for the three months to September 30, according to a presentation published on Thursday. 18-billion casino and resort scheme in Van Don district – located in the country’s northern. 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. e. 8 percent sequentially. 4 percent from the prior-year period. Aggregate revenue in the mass-market segment stood at MOP33. The appointment was with effect from Wednesday (November 1), GGRAsia understands. 60 billion (US$153. Third-quarter net income from continued operations was US$80 million, compared to US$20 million a year earlier. Nov 24, 2023 Newsdesk Latest News, Philippines, Top of the deck . 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. The tally was up 107. The breaches related to 2022 but were only made public on Tuesday at an audit hearing for. 6 percent. Money laundering and misconduct at casinos has renewed the global scrutiny of anti-money laundering and counter-terrorism financing (AML/CTF) compliance. feminine noun. Clarion Gaming said it has reserved a total of 40,000 hotel nights for “ICE week 2025″. Hong Kong-listed International Entertainment Corp says it will have to invest between US$1. 57 billion (US$1. 7. 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. Mr Wilson told GGRAsia his firm had been busy in recent years in establishing a presence in Australia. He cited factors including airlines still “normalising” operations. The first six days of October were part of this year’s eight-day autumn Golden Week holiday for mainland China residents. What: GGRAsia, a business-to-business website and newsletter for the Asian casino industry. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. Singapore’s Gambling Control Bill had a first reading in the country’s parliament on Monday. The filing noted the new group CEO had been. 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. Oct 20, 2023 Newsdesk Latest News, Macau, Top of the deck. 1 percent from the prior-year period. A new, centralised authority to oversee the entire gambling industry in Singapore, is on track to be established in 2021, confirmed the city-state’s Ministry of Home Affairs in an email reply to GGRAsia. 24-billion casino resort for Hon Tre island. Hong Kong-listed LET Group Holdings Ltd, an investor in Asia-Pacific region casino projects, says a US$27. 57 billion (US$1. Macau recorded over 7. Macau’s October casino gross gaming revenue (GGR) was up 30.