GGRAsia takes its name from a phrase instantly recognisable to the casino investment community - 'gross gaming revenue'. 5 million inbound and outbound passenger trips this year. 90 billion. 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. Andaz Macau full room inventory by CNY 2024: CBRE. SOFTSWISS handles 26k player monitoring requests this year. Meaning of grasia. 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. 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. [1] Most of the species are found in Iran and Afghanistan, with one occurring in Turkey, and one in the High Atlas of Morocco. That would imply a daily run-rate of MOP528 million, which is “ahead of (surprisingly) strong April. fat. 24-billion casino resort for Hon Tre island. May 11, 2023 Newsdesk Latest News, Macau, Top of the deck. Jun 01, 2023 Newsdesk Latest News, Macau, Top of the deck. 2 percent achieved in January, said on Wednesday the head of the city’s tourism bureau. Oct 07, 2022 Newsdesk Latest News, Macau, Top of the deck. 8 million, Sands China stated in a filing to the Hong Kong Stock. The data revealed that the number of. Macau recorded nearly 2. 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. MGM China 3Q net revenue up 10pct q-o-q, to US$813mln. 85 billion (US$1. Dividend restart still far for Macau ops: JP Morgan. That was still 21. 15pm,. 1 percent from the prior-year period. 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. The latest monthly tally was up 365. The figure represented. 21 billion, which was the best. ”. The authorities in the Japanese metropolis of Osaka had confirmed earlier this month that the planned timetable for opening an IR (pictured in an artist’s rendering) had been delayed by one year, and that the initial investment cost would rise by JPY190 billion (US$1. The 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. The appointment was effective from Monday (September 11), according to a social media post on the property’s official LinkedIn account. 6-million deal to sell a plot of land in Hokkaido, Japan, has been terminated. G2E Asia, organised by the American Gaming Association and Reed Exhibitions, had been staged annually in Macau from 2007 and up to 2019. -based casino developer Las Vegas Sands Corp. That is according to Craig Billings, group chief executive of Wynn Resorts Ltd, the parent of Wynn Macau Ltd. That is despite the announcement in recent days of Covid-19 infection in Macau. 18-billion casino and resort scheme in Van Don district – located in the country’s northern. 86 million visitor arrivals. 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. The “ICE” branding is used by Clarion Gaming for a popular London, United Kingdom event each year. GGRAsia. 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 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. Macau’s casino gross gaming revenue (GGR) contracted 3. The first day of the in-person and online 2022 edition of casino industry trade fair and conference Global Gaming Expo (G2E) Asia will be dedicated to discussing the future of gaming in Asia. Maria Helena de Senna Fernandes, director of Macao Government Tourism Office (MGTO), was speaking on the sidelines of a public event. GGRAsia. But he added that because such actions were tantamount to what he termed “illicit currency swaps [exchange]” – it should be looked at instead. 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 PHP75 million (US$1. DigiPlus Interactive Corp, formerly known as Leisure and Resorts World Corp, said in a Tuesday statement it had “no imminent plans to pursue the development of its 24-hectare [59. 6-million deal to sell a plot of land in Hokkaido, Japan, has been terminated. Philippine casino biz at pre-crisis by 2022: Domingo. The COO said that in general what he termed “big” participants in markets liked to “to try and create some updraughts, downdraughts in order to favour their own positions”. 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. Based on GGRAsia’s observations, baccarat as usual was the Macau customers’ favoured game. Even in the so-called ‘grind’ or ‘base’ mass segment, minimum bets were sometimes as high as HKD3,000 (US$382. RGB 2023 gaming machine sales to be double 2019 record. 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. The institution said net revenue for the sector should be about US$24. 4 percent year-on-year, to HKD410 million (US$52. 8 percent below the tally recorded for July. 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. 1. The figure compared with an August GGR result of MOP17. 05 billion in 2023, and US$1. 60 billion (US$153. com is a website and newsletter about the Asian casino industry. 72 billion in April. 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. 08 billion), it said in the 2023 fiscal year budget proposal published on Friday. GGRAsia asked Mr Kelley about Friday’s market-wide stock price correction, which saw Galaxy Entertainment shares down 6. Mar 16, 2022 Newsdesk Industry Talk, Latest News. In September and August, casino sales had fallen sequentially at the property on Jeju, a semi. 79 billion (US$3. e. “This implies that last week’s run-rate has. L&W posts US$731mln 3Q rev, says gaming sales robust. The information had first been disclosed by Melco International. 10 billion (US$1. 3 million), estimates a Monday note from brokerage Sanford C. Macau’s September casino GGR stood at MOP14. Cloee Chao Sao Fong, head of local gaming labour activist group New Macau Gaming Staff Rights Association, told GGRAsia: “As far as we know, all casinos allow their table game. 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. 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”. 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. Ms Zou’s “deep understanding of the pan-Asian consumer will enable her to effectively lead the Wynn team in customer. 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. pre-pandemic, volumes of passengers, said Simon Chan Weng Hong, executive committee chairman for the facility’s operator, Macau International Airport Co Ltd (CAM), in comments to GGRAsia. Lance Gautreaux is the new chief casino officer of Philippine gaming and leisure complex Newport World Resorts. Litigation by 26 Capital It was announced last month that 26 Capital was suing Tiger Resort, Leisure and Entertainment – the promoter of the Okada Manila casino resort – urging the prompt consummation. The body does not provide. Global Gaming Business OCTOBER 2021. Some political voices in Thailand that favour legalising bricks-and-mortar casinos stop short of supporting the legalisation of online gambling. 50 billion (US$2. 03bln, up 15pct y-o-y. Feb 26, 2021 Newsdesk Latest News, Macau, Top of the deck. Macau recorded a total of 17. “The process will look to review and assess all strategic alternatives which could assist the company in maximising shareholder value. 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. Macau recorded casino gross gaming revenue (GGR) of MOP15. Nov 15, 2022 Newsdesk Latest News, Macau, Top of the deck. Nov 10, 2023 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck. 58 billion) in full calendar year 2018, up by 22. The Macau government collected just above MOP26. Nov 13, 2023 Newsdesk Latest News, Singapore, Top of the deck. 55 billion (US$6. Where: Macau-based, with an interest in gambling markets across the Asia Pacific region. Jan 15, 2018 Newsdesk Latest News, Macau, Top of the deck. 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. 0 million) in the six months to September 30, the first half of its current financial year. The institution said net revenue for the sector should be about US$24. . ”. The Macau authorities. (Updated 6. He told GGRAsia: “Osaka, Wakayama and Nagasaki and their IR partners will each have to earn national approvals for their IR development plans. 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. 59-million visitor arrivals in February , a major year-on-year improvement coinciding with the lifting in early January of most Covid-19. May 13, 2022 Newsdesk Latest News, Macau, Top of the deck. 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. Suncity’s. “I have been studying listing my company on the stock market for over a year,” Mr Han stated. Mr Power also confirmed that the project. Nov 14, 2023 Newsdesk Latest News, Singapore, Top of the deck. GGRAsia quizzed the group’s chairman and CEO on whether the company was looking for new Marina Bay Sands customers beyond mainland China. 6 percent month-on-month, at just over MOP19. Though he added that was because such credit issuance had dramatically reduced in the Macau market. 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. 1 percentage points year-on-year, showed the data. 55 billion this year, versus a previous estimate of US$6. Mr Feldman, who spent nearly 30 years with casino operator MGM Resorts International, is a Distinguished Fellow at the University of Nevada, Las Vegas’. 93 billion) in May, up 5. 27 million, up 147. Labour Day proper, is May 1. The cited request comes as the city fights its most serious Covid-19 outbreak since the pandemic began in early 2020. Taiwan-based casino equipment supplier Jumbo Technology Co Ltd is planning to develop more games for the electronic table game (ETG) segment in Macau. The majority of the Macau casino operators is unlikely to resume dividend payment in the near term, suggested JP Morgan Securities (Asia Pacific) Ltd analyst DS Kim in an interview with GGRAsia. This is according to Kim Jong-min, a former national. A spokesperson for Suncity indicated such a topic was a private matter for Mr Chau, rather than for Suncity Group. The casino firm added in a separate release that it was “focused on reinvestment in Asia and high-growth opportunities in new markets. Deutsche Bank’s revised estimate is. 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. 55 billion (US$6. Read More Guangdong court in reminder on ‘cross-border’ bet crime. Third-quarter net income attributable to gaming equipment maker and content provider International Game Technology Plc (IGT) fell 64. 9 percent from the preceding quarter, but down 10. Available to guests from that day will be three hotel towers with 1,275 rooms; a multi-purpose 15,000. 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. 15pm, Feb 17) A few junkets still active in Macau: industry veteran. 55 billion (US$6. Ed Bowers, president and chief executive of MGM Resorts Japan LLC, is to give. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. The reporting quarter is also the company’s first quarter of fiscal year 2024. The property had a formal launch in July, with what the company said. 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. Macau’s GGR for the eight months to August 31 reached MOP114. Macau casino GGR softened in early Nov: analysts. 34 billion in the second quarter this year, accounting for a share of nearly 73. “The Japanese government is continuing the review of Kyushu-Nagasaki IR, but no schedule has been given,” said. 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. 8 percent from the preceding quarter. . 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. 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. grease. It is the latest iteration of the firm’s “Jin Ji Bao Xi” game series, and is launching with the “Tiger” and “Phoenix. 1 percent from the comparable 2022 period. 6 percent month-on-month, at just over MOP19. 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 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. 00 billion, up 90. That is according to data released on Wednesday by the local regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. 81 billion (US$117. The casino regulator said the meeting was to better “understand the situation” regarding claims that the brand was. 20 billion, the latter down 16 percent from a previous estimate of. Casino operator Genting Singapore Ltd reported generated third-quarter revenue of just below SGD690. 61 million passengers handled in 2019, the last trading. 55 billion. The Daegu Casino in South Korea has been fined KRW1. The aggregate amount is US$107. The sentence was read out on Wednesday (January 18) at the city’s Court of First Instance by the presiding judge, Lou Ieng Ha. W Macau will add 557 rooms and suites (example. 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”. SJM excess labour costs down 12pct q-o-q: brokerage. A spokesperson for MegaLuck Casino, run by Hong Kong-listed New. “We anticipate its 2024 mass GGR will be 5 percent to 15 percent stronger than in. Games available for the Genesis Crest. 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. Macau gaming tax revenue tops US$6. Thursday’s announcement confirmed the start of prepartory work on the project site,. 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. 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. The Wakayama prefectural government has been active in pursuing the opportunity to host a casino resort. 0 billion (US$1. 33 billion) in fiscal revenue from taxes on gaming in the first half of this year, according to the latest available data, released on Thursday by the city’s Financial Services Bureau. 6 million. “The law on commercial gambling. Hokkaido covets ‘green IR’ scheme, says tourism boss. The official – who oversees the tourism and gaming sectors – declined. Available to guests from that day will be three hotel towers with 1,275 rooms; a multi. But the same report said that while some emirates might move forward with developing a casino. In September, it was reported that the management at Marina Bay Sands hired prominent Singapore law firm Davinder. “We anticipate its 2024 mass GGR will be 5 percent to 15 percent stronger than in. Mr Wilson told GGRAsia his firm had been busy in recent years in establishing a presence in Australia. 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 criminal penalty idea – along with others – is subject to a 45-day public consultation that started on September 15. Pax volume 66pct of 2019 Golden Week says Macau airport. “The buyer has failed to pay the remaining balance of the purchase price of US$22. 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. 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. A Macau court has sentenced Alvin Chau Cheok Wa (pictured in a file photo), former boss of now-defunct Macau casino junket Suncity Group Ltd, to 18 years in prison in aggregate. Macau-based casino operator Galaxy Entertainment Group Ltd announced on Monday that its new Galaxy Arena is to host in May two concerts by South Korean girl group Blackpink. The promoter also organises gaming-industry-related gatherings in North America and Africa. Construction of the Gold Coast Entertainment City project is near completion, said Mr Villar in a group. 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. What does grasia mean? Information and translations of grasia in the most comprehensive dictionary definitions resource on the web. Apr 04, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck. 4 percent from the prior-year period. GGRAsia. 1 million), up 15. GGRAsia understands those tables will be returned to the new-look Grand Waldo complex. “We are pleased the new gaming legislation has passed,” said Tim McNally, referring to a statute known as. He added: “Considering we are tracking circa. Macau orders 3 days of home testing amid Covid alert. Genting Singapore is the promoter of the Resorts World Sentosa casino complex (pictured) in Singapore. The foreigner-gambling area in the Cotai resort is located in “Dragon Pavilion”, a premium gaming area within the. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()Jan 09, 2023 Newsdesk Latest News, Macau, Top of the deck. 0 percent from the prior-year period. AI test work integral to growth strategy at GLI: Ian Hughes. S. ”. by 31 October 2023,” stated LET in a Wednesday filing. feet) -capacity Fira de Barcelona, from January 20 to 22, 2025. Currently, people travelling from Zhuhai to Macau are required to present a certificate – issued within 48 hours of departure from Zhuhai. For his part, Mr Green told GGRAsia: “I suspect that Genting may have not expected to win a concession in its own right, but rather present itself as a suitable prospective casino operations manager in the event that any incumbent decided, or was forced by the constrained gaming market, into becoming a property company. “We had a very good opening and anticipate increased visitation. 50 billion (US$2. 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. 500-percent senior notes due on July 15, 2024. 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. 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. Those properties had previously been permitted to run limited gaming operations with social-distancing measures in place, albeit only during more relaxed phases of quarantine. The first Barcelona editions of ICE and iGB Affiliate are to be held at the 240,000 square metres (2. One of them was a verdict – on an unspecified date – of the. Casino sales rose 38. The announcement of the Macau. 0 million for 2023; HKD29. 8 billion), said on Friday the city’s Chief Executive (CE), Ho Iat Seng. , to protect local employment – rather than commercial. 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. 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. “Latin America holds. 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. Morgan Stanley now expects Macau’s gaming industry EBITDA to reach nearly US$6. This detergent cuts the grease better than all the rest. “Clark, as a destination, is still in its early. The Philippine casino sector produced gross gaming revenue (GGR) of PHP56. Fitch Ratings Inc forecasts Macau’s economy will “rebound sharply,” by as much as 65 percent this year, exceeding by 19 percentage points a 2023 recovery estimate the institution made for the city in December 2022, before the relaxation of travel restrictions linked to the Covid-19. 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. Find out about the earnings, workforce, tax revenue, AML and gaming. 80 billion), it said in the 2024 fiscal year budget proposal published on Wednesday. 94 billion (US$1. At least three other Macau casino operators have launched foreigner-only gambling zones within company properties, with the first starting in February, according to GGRAsia’s checks. “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. Nov 14, 2023 Newsdesk Latest News, Macau, Top of the deck. Based on previously-published CAM data, that would be circa 47 percent of the 9. TKHS recently was appointed a logistics service provider for the Crown Sydney casino-hotel project, currently under construction in Barangaroo, Sydney, New South Wales. 9k: Citi. 77 billion at the end of September, a reduction of US$100 million compared to the total debt balance as of June 30, 2023, according to the company. -based casino developer Las Vegas Sands Corp. The breaches related to 2022 but were only made public on Tuesday at an audit hearing for. 0 percent in third-quarter 2019. Mainland Chinese tourists accounted for more than half of the aggregate number of visitors in the January to September period, at 353,220. That was up 19. 23 billion (US$2. That is the case of House committee’s vice chairman Mr Boonlue. 27 million, up 147. Bernstein Ltd. 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”. Construction of the Gold Coast Entertainment City project is near completion, said Mr Villar in a group. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. February GGR fell by 10. “In this market, you. The property is being developed by Australia-based operator Crown. The average occupancy rate for Macau’s hotel sector stood at 78. 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. 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. 90 billion. 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. “Standing bets are allowed. 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 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. Macau’s September daily run rate for casino gross gaming revenue (GGR) improved by at least 25. According to figures provided to GGRAsia, Primorsky received 626,044 foreign visitors in the first nine months of 2018, up 21. Singapore’s Gambling Control Bill had a first reading in the country’s parliament on Monday. 34 million) of its EUR500. Deutsche Bank ups Macau 2023 GGR forecast after Feb data dlvr. According to these, the overall handle of the sector in the Philippines amounted to around PHP184. 1 percent year-on-year. 1 million), up 15. 34 billion in the second quarter this year, accounting for a share of nearly 73. The firm’s EBITDA is estimated at US$1. 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). 72 billion in April. The scheme is said to be partly backed by local hospitality firm Vinpearl Co, part of prominent Vietnam conglomerate Vingroup Co. 5 percent – from 14. 26 billion (US$27. The Macau government collected MOP51. 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. The Philippine casino regulator has confirmed to GGRAsia that all casinos in the Metro Manila area (pictured) – public-sector as well as private-sector ones – have currently suspended gaming operations due to the national government reintroducing a so-called enhanced community quarantine as a Covid-19 countermeasure. But China’s State Council has this year designated April 29 to May 3 inclusive, as a holiday period on the Chinese mainland. 6 billion. The October result took Singapore’s visitor aggregate for the first ten months of this year, to 11. S. GGRAsia approached MGTO to confirm the details of the subsidy scheme, but did not receive a reply by the time the story went online. 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 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. GGRAsia approached Galaxy Entertainment for comment on the report, but had not received a reply by the time this story went online. 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. It nonetheless expects a fiscal deficit for 2023, with aggregate income – including from a. SJM posts US$73mln in 3Q EBITDA, narrows quarterly loss. GGR rose sequentially for the third consecutive month. That would be circa 8 percent higher than a 25-million figure mentioned by MGTO director Maria Helena de. 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. 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. 32 billion (US$1. Since that date, the two properties have also been allowed to loosen capacity limitations at several of their non-gaming attractions. Macau is seeking to expand meaningfully and soon the percentage of its visitors from overseas, beyond the 2. 23 billion (US$2. The title presents players with symbols including bears, cougars, and wolves on a 5 x 5 grid. Referring to a Friday announcement by the national authorities. 42 billion), said on Wednesday the local regulator, the Gaming Inspection and Coordination Bureau. Oct 26, 2023 Newsdesk Latest News, Trends & Tech. International casino operator Las Vegas Sands Corp says it has amended with banking partners certain term loans regarding a US$1. 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 year closed with December GGR that slipped 13. “We plan to open for business, including local citizens of. “We started testing here in Macau 10 years ago, and nearly 100 percent of our work was terrestrial games. The storm, with winds of more than 200 kilometres per hour (125 miles per hour), is expected to move towards the coast of eastern Guangdong, Macau’s neighbouring. by 31 October 2023,” stated LET in a Wednesday filing. The latest data reported by GGRAsia included the gross gaming revenue generated by the casino industry for the full year 2022. Dec 28, 2022 Newsdesk Latest News, Macau, Top of the deck. Macau recorded nearly 2. Betty Zhao (pictured), a prominent figure in the Asia-Pacific gaming equipment supplier sector, has been appointed senior vice president (SVP) of international operations at Aruze Gaming Global, the latter said in a Wednesday statement. Aggregate revenue in the mass-market segment stood at MOP33. Macau’s daily casino gross gaming revenue (GGR) between April 19 and 24 rose 11 percent week-on-week, to MOP83 million (US$10.