GGRAsia approached Las Vegas Sands regarding the reportedly-commissioned new probe. 8 percent from the preceding quarter. Referring to a Friday announcement by the national authorities. The criminal penalty idea – along with others – is subject to a 45-day public consultation that started on September 15. 50. So said Andrew Lo Kai Bong, an executive director of the Hong Kong-listed entity, in comments to. 1 percent year-on-year. To get the day’s top headlines delivered to your inbox every morning, sign up for our 5 Things newsletter. 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. 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. They see Vietnam’s potential, even as the Asia-Pacific region’s previous high-roller. “This was a result of three years of cash burn amid. The. 35 million visitor arrivals from Hong Kong during 2019. The source added that the casino would be the first in Vietnam to allow eligible locals to gamble, immediately upon launch. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()Jan 09, 2023 Newsdesk Latest News, Macau, Top of the deck. 79 billion (US$3. 3 percent month-on-month in October, to KRW19. Pagcor chair, ex-chair, others face charges in E-sabong case. Lui Che Woo, chairman of Galaxy Entertainment, was quoted in the announcement as saying: “From the. 5 (3) of the standards: ‘There shall be no hidden or undocumented touch points or buttons. Latest News Lotte Tour first quarterly profit since Dream Tower launch Nov 15, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck The parent of the Jeju Dream Tower casino resort (pictured), on the South Korean holiday island of Jeju, reported net profit of at least KRW300 million (US$226,760) in the three months to September. 4bln in year to Oct. “The Japanese government is continuing the review of Kyushu-Nagasaki IR, but no schedule has been given,” said. 6 percent more than the level of PHP96. The government wants the integrated resorts [IR] to feed tourists to the local communities. The city’s market-wide mass GGR “is recovering faster” than the ratings institution had forecast, added the memo. 21 billion, which was the best. His comments were made. 93 million visitor arrivals in the first nine months of 2023, up 356. GEN Singapore 3Q profit up, pledges US$5bln investment. 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. The cap for the year ending December 31 has been raised to US$10. A ‘Jin Ji Bao Xi Grand’ entrance from Light & Wonder. 9 billion. 51 billion (US$2. AI test work integral to growth strategy at GLI: Ian Hughes. 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. SOFTSWISS Sportsbook 3Q GGR up 523pct y-o-y. 81 billion (US$117. “The process will look to review and assess all strategic alternatives which could assist the company in maximising shareholder value. ”. 29 billion), to JPY1. Third-quarter net income from continued operations was US$80 million, compared to US$20 million a year earlier. 2 percent year-on-year. Games available for the Genesis Crest. The figure represented a 10-percent increase from the results of the pre-pandemic third quarter in 2019, said a Wednesday. The Macau government collected MOP51. ” He added, regarding his staffing: “We have a solid poker team. 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. fat. 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. Oct 10, 2023 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck . That would be before the national government has published its so-called basic policy on IRs, a milestone likely in the first quarter 2020. 30 million tourists, down 28. Hong Kong-listed LET Group Holdings Ltd, an investor in Asia-Pacific region casino projects, says a US$27. It could be “2025 or 2026” before Macau International Airport sees 2019, i. 55 billion this year, versus a previous estimate of US$6. 04 million (US$118. The institution said net revenue for the sector should be about US$24. 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. But the official said the government could not demand the six casino concessionaires to make such salary adjustment. Deutsche Bank ups Macau 2023 GGR forecast after Feb data dlvr. 6-million deal to sell a plot of land in Hokkaido, Japan, has been terminated. Donaco reported group net revenue of AUD9. 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. (Updated 6. That was according to a. She stated that the measure was already being implemented by the city’s casino industry. That was still 21. Nov 14, 2023 Newsdesk Latest News, Macau, MGS Entertainment Show, Top of the deck. That is the case of House committee’s vice chairman Mr Boonlue. Jeju Dream Tower is controlled by Korea Exchange-listed Lotte Tour Development Co Ltd. “Latin America. 29). Gaming Laboratories International, LLC. 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. 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 (US$6. 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. The force said it had proposed a joint “task force” regarding the threat of illicit money changing. 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. Construction of the Gold Coast Entertainment City project is near completion, said Mr Villar in a group. The Grand Lisboa Palace casino resort (pictured) in Macau’s Cotai district, promoted by casino operator SJM Holdings Ltd, has launched a foreigner gaming zone, the company has confirmed to GGRAsia in response to our enquiry. 7. 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. 6 million). G2E Asia, organised by the American Gaming Association and Reed Exhibitions, had been staged annually in Macau from 2007 and up to 2019. 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. Jumbo aims to develop new and diversified ETG games. Macau’s casino gross gaming revenue (GGR) stood at MOP11. 60 billion (US$153. 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. Nov 24, 2023 . The reporting quarter is also the company’s first quarter of fiscal year 2024. 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. The promoter also organises gaming-industry-related gatherings in North America and Africa. 1 percentage points year-on-year, showed the data. Jan 15, 2018 Newsdesk Latest News, Macau, Top of the deck. Macau’s Financial Intelligence Office has told GGRAsia it is expected the city’s 2023 tally of suspicious transaction reports (STRs) will reach “near 2019-level”, as the volume of Macau casino gaming transactions gradually recovers. 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 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. But he added that because such actions were tantamount to what he termed “illicit currency swaps [exchange]” – it should be looked at instead. The NagaWorld staging of the Mike Sexton WPT Champions Cup is a first in. 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. 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 board nonetheless declared a quarterly. He cited factors including airlines still “normalising” operations. 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 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. When: Launched in May, 2014. 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. 4bln in year to Oct. 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. Mainland China-Jeju charter flight again after 7 years. 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”. 5 percent at HKD41. 5 million), suggested Citigroup Inc in a Monday memo, citing industry sources. It nonetheless expects a fiscal deficit for 2023, with aggregate income – including from a. 0 million) for the three months to September 30, according to a presentation published on Thursday. 5 million inbound and outbound passenger trips this year. Nov 10, 2023 Newsdesk iGaming, Latest News. 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. 17), with the lowest bets there still in the hundreds of Hong Kong dollars. In September alone, the city received 2. Las Vegas Sands is also the parent of Macau casino operator Sands China Ltd. 1 million), up 15. 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 casino firm added in a separate release that it was “focused on reinvestment in Asia and high-growth opportunities in new markets. 32 billion in 2024. 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. “This looks like another step” in the “direction,” of firmer control he added, referring to the proxy gambling. 39 million) in fines, for 182 cases of breaking anti-money laundering (AML) rules. 0 percent in third-quarter 2019. SJM excess labour costs down 12pct q-o-q: brokerage. 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. Nov 08, 2023 Newsdesk Latest News, Trends & Tech. - based casino operator and hospitality business Hard Rock International Inc has previously confirmed its interest in developing a casino at the beach resort. They were: Wynn Macau, promoted by Wynn Macau Ltd in downtown peninsula; the Venetian Macao in Cotai, promoted by Sands China Ltd; MGM Macau and. 00 million, 3. The firm said additionally that it had “no licence to operate gaming venues in Russia and therefore does not operate venues in Russia. Macau’s October casino gross gaming revenue (GGR) was up 30. The new body – to be called the Gambling Regulatory Authority (GRA) – will be a statutory board and will be reconstituted from the. 1 percent from the prior-year period. 8 million, from US$8. 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. 7 billion (US$13. 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. Apr 17, 2023 Newsdesk Latest News, Macau, Top of the deck. 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. Such sharp increase would be linked to a strong rebound in the city’s tourism and casino sectors, according to the research. Such redundant payroll stood at HKD148. Deutsche Bank’s revised estimate is. We have worked and will continue to work closely with regulators in jurisdictions to help them understand the possibilities, risks, and best practices to continue to ensure the industry’s strength and stability. The 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 did not specify when she was appointed. Guangdong court in reminder on ‘cross-border’ bet crime. “This committee will solicit experts within our membership to create ready-to-use standards to improve cyber resilience,” added Mr DeRaedt. 6 percent in September, said the city’s Statistics and Census Service in a Tuesday statement. 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. It was the best monthly performance since January 2020, at the very beginning of the Covid-19 pandemic, when the city’s. GGRAsia asked Mr Kelley about Friday’s market-wide stock price correction, which saw Galaxy Entertainment shares down 6. Nov 13, 2023 Newsdesk Latest News, Singapore, Top of the deck. It is the latest iteration of the firm’s “Jin Ji Bao Xi” game series, and is launching with the “Tiger” and “Phoenix. 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. “In this market, you. 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. ”. Genting Singapore is the promoter of the Resorts World Sentosa casino complex (pictured) in Singapore. Macau’s Public Prosecutions Office. 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. It will target the mass market, according to the company. The 15 percent figure was understood to be a reference to share of Macau casino gross gaming revenue (GGR). The bureau stated: “In the process of promoting the implementation of non. Definition of grasia in the Definitions. In September and August, casino sales had fallen sequentially at the property on Jeju, a semi. The Philippines was currently the “number one” market in Asia for slot suppliers, albeit “highly. The announcement to the Philippine. 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. Construction of the Gold Coast Entertainment City project is near completion, said Mr Villar in a group. 0 billion (US$1. The cited request comes as the city fights its most serious Covid-19 outbreak since the pandemic began in early 2020. Andaz Macau full room inventory by CNY 2024: CBRE. 3 percent of Macau’s casino GGR in the period. The firm stated this was based on its “outstanding performance in environmental, social and governance (ESG)” matters. 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. The firm added it was optimistic about the VIP gaming business for this year. 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. The parent of the Jeju Dream Tower casino resort (pictured), on the South Korean holiday island of Jeju, reported net profit of at least KRW300 million (US$226,760) in the three months to September 30, the first quarterly group profit since Jeju Dream Tower’s opening in. 49 billion), 315. When: Launched in May, 2014. 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. The tally was up 107. 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. MGM China 3Q net revenue up 10pct q-o-q, to US$813mln. 85 billion), according to official data. May 11, 2023 Newsdesk Latest News, Macau, Top of the deck. The latest monthly tally was up 365. 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. 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. Market-wide casino gross gaming revenue (GGR) in Macau reached MOP12. 7 percent sequentially to US$812. The Macau government forecasts the city’s 2024 “income” from casino gaming will be “MOP200 billion” (US$24. The title presents players with symbols including bears, cougars, and wolves on a 5 x 5 grid. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. Casino operator Genting Singapore Ltd reported generated third-quarter revenue of just below SGD690. ” Door still. 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 banking institution added it was maintaining its November full-month GGR forecast at. The aggregate amount is US$107. Jumbo aims to develop new and diversified ETG games. 6 percent from the comparable 2022 period. 5 percent at HKD41. 3. Available to guests from that day will be three hotel towers with 1,275 rooms; a multi-purpose 15,000. Such revenue was up 374. Such reimbursements are capped at HKD24. 55 billion (US$6. DigiPlus says ‘no imminent plans’ for Boracay casino. Available to guests from that day will be three hotel towers with 1,275 rooms; a multi. 5 million in the third quarter. Mar 16, 2022 Newsdesk Industry Talk, Latest News. The year closed with December GGR that slipped 13. 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. 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. 1 day ago · Mohegan Inspire soft opening scheduled for Nov 30. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck. Casino operator Genting Singapore Ltd reported generated third-quarter revenue of just below SGD690. 47 billion) non-gaming and overseas-marketing spending pledges by up to. Read More Philippines 3Q industry GGR US$1. Up to seven UAE casino licences possible: report. GGRAsia quizzed the group’s chairman and CEO on whether the company was looking for new Marina Bay Sands customers beyond mainland China. 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. ”. Clarion said the venue-switch decision had been “endorsed by the ICE. Macau recorded casino gross gaming revenue (GGR) of MOP15. 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. Maria Helena de Senna Fernandes, director of Macao Government Tourism Office (MGTO), was speaking on the sidelines of a public event. The current GGR forecast of MOP130 billion (US$16 billion) for full-year 2022. 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. GGRAsia takes its name from a phrase instantly recognisable to the casino investment community - 'gross gaming revenue'. 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. 0 percent from the prior-year period. 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. 65 billion (US$824. 93 billion) in May, up 5. 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. The authorities in Hokkaido, Japan’s northernmost prefecture (pictured), are still mulling the idea of hosting an integrated resort (IR) with casino, as a way of boosting tourism and regenerating the local economy. 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. The casino regulator said the meeting was to better “understand the situation” regarding claims that the brand was. 57 billion (US$1. GGRAsia approached MGTO to confirm the details of the subsidy scheme, but did not receive a reply by the time the story went online. 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 volumes “jumping” 62 percent quarter-on-quarter to approximately 130 percent of. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning,. 0 million for 2025. The new club, with an area of 2,600 square meters (27,986 sq feet) and located at the complex’s Pearl. . (oily substance) a. 6 million. . That was up 19. Gaming operations drag on Everi’s quarterly results. ”. Combined property EBITDA however was still down circa 20. Apr 14, 2023 Newsdesk Japan, Latest News, Top of the deck. The property (pictured in. In the banking institution’s survey for the month,. Under the updated regulatory framework. According to Macau government data, the city had 1. 94 billion (US$1. . 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. 01 billion, a rise of 295. 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. 5 percent – from 14. 2 percent achieved in January, said on Wednesday the head of the city’s tourism bureau. 1 million), up 15. He was speaking on Wednesday on the firm’s conference call with analysts. Morgan Stanley now expects Macau’s gaming industry EBITDA to reach nearly US$6. 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. GGRAsia. 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. According to information collated by GGRAsia’s Japan correspondent, the verification of the signatures gathered could take a month. 6 percent month-on-month, at just over MOP19. The group added in its Monday statement, referring to the. 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. “I have been studying listing my company on the stock market for over a year,” Mr Han stated. 20 billion, the latter down 16 percent from a previous estimate of. 8 percent below the tally recorded for July. 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. “In this market, you see a lot of supply. Macau embracing electronic play, new clients: Galaxy COO. He has been chief executive of the venue’s operating unit, Resorts World at Sentosa Pte Ltd, since 2007 – i. 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). The product is also in the Manila market in the Philippines, in Singapore, and in. GGR rose sequentially for the third consecutive month. Diaoyutai MGM Hospitality Ltd, a joint venture between China’s Diaoyutai State Guesthouse and United States-based casino group MGM Resorts International, has clarified 2024 as the opening year for two new hotels respectively located in the cities of Shenzhen and Zhuhai in mainland China’s Guangdong province, next door to Macau. 0 million for 2024; and HKD38. 2 percent quarter-on-quarter, and an 852. MBS confirms data breach to 665k non-casino client records. “Latin America holds. Thursday’s announcement confirmed the start of prepartory work on the project site,. Such a daily tally for the start of the. Find out about the earnings, workforce, tax revenue, AML and gaming. 8 percent sequentially. 7 percent from MOP14. 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. 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. Nov 13, 2023 Newsdesk Latest News, Singapore, Top of the deck. 6 million. Find out about the earnings, workforce, tax revenue, AML and gaming equipment of the region's casinos and operators. There is a variety of opinion among scholars and legal experts about whether China’s criminalisation of anyone assisting “cross-border gambling”, that came into effect on March 1, is meant to cover gambling in Macau, a special administrative region of China. 85 billion), according to a Sunday announcement from the local regulator, the Gaming Inspection and Coordination Bureau. 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. 24-billion casino resort for Hon Tre island. The announcement was made via a social media post. “We are pleased the new gaming legislation has passed,” said Tim McNally, referring to a statute known as. GGRAsia has approached Galaxy Entertainment seeking comment regarding the foreigner-only gambling zone. That was because it came amid the backdrop of already-challenging trading. The venue is the only property in the country allowed to. The scheme is said to be partly backed by local hospitality firm Vinpearl Co, part of prominent Vietnam conglomerate Vingroup Co. 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. 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. 10 billion (US$1. 26 billion (US$27. Visitors from South Korea more than. 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. 90 billion. S. 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. GGRAsia | 4,024 followers on LinkedIn. 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. 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. His comments were made. Though he added that was because such credit issuance had dramatically reduced in the Macau market. 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. 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. 3 percent – in the third quarter. 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. The Macau government collected just above MOP26. 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. Read More What: GGRAsia, a business-to-business website and newsletter for the Asian casino industry. 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. “The group views it is a temporary solution which will complement Galaxy Macau, and is working on longer term. That is according to Craig Billings, group chief executive of Wynn Resorts Ltd, the parent of Wynn Macau Ltd. Hokkaido covets ‘green IR’ scheme, says tourism boss. The event is scheduled to take place in Singapore, from August 24 to 26. We hope there will be a [daily average of] 80,000 to 90,000 visitor arrivals during the upcoming Golden Week. 0 million (US$507. ”. JP Morgan said that based on its own checks, Macau-market GGR for the first 18 days of June was estimated at MOP9. It offers multi-level progressive game play that features not only emotive symbols familar to. 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. The new gaming venue, launched in March and branded “Perlas Club”, offers 200 slot machines, as well as six gaming tables for baccarat, roulette, and blackjack, the property’s promoter said in a Monday press release sent to GGRAsia. Macau recorded nearly 2. 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. That could be a challenge particularly for Macau operators, that have spent more than a decade. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. 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. 58 billion) in full calendar year 2018, up by 22. 0 million for 2025. 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. 75 billion, up 14. The data revealed that the number of. GGRAsia asked Mr Kelley about Friday’s market-wide stock price correction, which saw Galaxy Entertainment shares down 6. 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. The criminal penalty idea – along with others – is subject to a 45-day public consultation that started on September 15. Aggregate revenue in the mass-market segment stood at MOP33. The property had a formal launch in July, with what the. 86 million visitor arrivals. Such reimbursements are capped at HKD24. So said several commentators in remarks to GGRAsia. . [1] They are typically found in shady crevices of calcareous rocks at altitudes of 1,000–3,600 metres (3,300–11,800 ft). 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. 5 million), versus a HKD1. The ending of such measures might herald greater tourism volume and some stable recovery in casino. 85 billion (US$1. The breaches related to 2022 but were only made public on Tuesday at an audit hearing for. GGRAsia. L&W posts US$731mln 3Q rev, says gaming sales robust. GGRAsia understands those tables will be returned to the new-look Grand Waldo complex. “The law on commercial gambling. Nov 04, 2022 Newsdesk Latest News, Macau, Top of the deck. According to the institution, the industry-wide EBITDA margin stood at 29. The government has said such a step is needed, to pave the way for a fresh public tender for Macau gaming rights. Mr Wilson told GGRAsia his firm had been busy in recent years in establishing a presence in Australia. Melco Resorts’ total debt stood at US$7. 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. -based casino developer Las Vegas Sands Corp. GGRAsia approached Suncity Group on Friday, seeking comment on that report by The Age. 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. 18-billion casino and resort scheme in Van Don district – located in the country’s northern. Resorts World Cruises drops Okinawa-Sanya for SE Asia ports. The Macau government’s proposed rejig of gambling-credit law is unlikely to have much impact on the city’s existing satellite casinos, said Hoffman Ma Ho Man, one of the bosses of Macau gaming resort Ponte 16, in comments to GGRAsia. Mr Lui was. “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. 55 billion in 2021.