Mr Lei noted in his Wednesday comments: “This MOP10-billion fund is to help employees, residents and SMEs [small and medium-sized enterprises]. The October result took Singapore’s visitor aggregate for the first ten months of this year, to 11. “The law on commercial gambling. Casino sales rose 38. Casino operator Wynn Resorts Ltd announced on Wednesday in the United States plans for its long-anticipated expansion of its Macau casino resort Wynn Palace. Guangdong court in reminder on ‘cross-border’ bet crime. The latest monthly tally was up 365. 50 million (US$186,854) either to renew a licence or get a new one, according to a dispatch from the city’s Secretary for Economy and Finance, Lei. . 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. The first edition of ICE Asia has been postponed from this. “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. Quarterly net revenues at Macau casino operator MGM China Holdings Ltd rose by 9. Macau’s September casino gross gaming revenue (GGR) fell by 13. 21 billion, which was the best. 3 percent of Macau’s casino GGR in the period. . The firm told GGRAsia on Thursday that it had deployed the units at the Galaxy Macau casino resort in late September. That is according to Craig Billings, group chief executive of Wynn Resorts Ltd, the parent of Wynn Macau Ltd. 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. 9 percent from the prior-year period, said the country’s gaming regulator. A total of 143 casinos in Cambodia have submitted their annual licensing application to the country’s gaming regulator. Macau hotel occupancy in September dips m-o-m. 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. Macau’s 2023 tourist-arrival tally is likely to be “over 27 million”, said the Macao Government Tourism Office (MGTO) in a Wednesday email in response. The figure compared with an August GGR result of MOP17. 55 billion. 8 million, from US$8. Technology that seeks to help identify a person from the way they walk, was one topic of discussion during a “Safety and Security” strand of the casino industry’s Global Gaming Expo (G2E) Asia Online Conference 2020, moderated by GGRAsia on Wednesday. The 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 Hoiana casino resort complex (pictured) in Hoi An, Vietnam, had an “accumulated loss” amounting to VND5. “Players must make winning combinations. Why: To provide the gaming industry with up-to-date news and information. 0 percent from the prior-year period. Macau gaming tax revenue tops US$6. 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. In a written reply to GGRAsia, MGTO said it was “actively preparing. The announcement to the Philippine. 03 billion) in the third quarter, a slight increase from PHP56. 94 billion (US$1. About 40 managers in aggregate from either the security or casino operations departments of respectively, Sands China Ltd, SJM Resorts Ltd, and Galaxy Entertainment Group Ltd participated in those talks, the Judiciary Police said. One of them was a verdict – on an unspecified date – of the. grease. 1d Edited. That would be before the national government has published its so-called basic policy on IRs, a milestone likely in the first quarter 2020. com is a website and newsletter about the Asian casino industry. Graellsia is a genus of small perennial sub- caespitose herbs in the family Brassicaceae. Everi Holdings Inc reported revenue of US$206. 0 billion (US$1. 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. Under the updated regulatory framework. 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. 2 percent year-on-year. 1. A Macau junket trade group has submitted a letter to the city’s chief executive, Ho Iat Seng, requesting the government to waive partially an existing levy on commissions paid by casinos to junkets. . Where: Macau-based, with an interest in gambling markets across the Asia Pacific region. 54 billion (US$3. GGRAsia – Japan Japan JCM half-year gaming sales down nearly 8pct y-o-y Nov 13, 2023 Newsdesk Japan, Latest News, Top of the deck Japan Cash Machine Co Ltd, also known as JCM Global, reported a net profit of. ” Mr McNally did not give details of how many members of the public visited for the reopening. 18-billion casino and resort scheme in Van Don district – located in the country’s northern. “We are thrilled to welcome Betty. 5 million), suggested Citigroup Inc in a Monday memo, citing industry sources. His comments were made. 8 percent below the tally recorded for July. The Philippine casino sector produced gross gaming revenue (GGR) of PHP56. 34 billion in the second quarter this year, accounting for a share of nearly 73. Alfastreet opted not to have a stand at the event. Read More What: GGRAsia, a business-to-business website and newsletter for the Asian casino industry. Each slot-maker also continues to change the landscape of casinos through. The reporting quarter is also the company’s first quarter of fiscal year 2024. Macao Government Tourism Office (MGTO) has confirmed to GGRAsia it has has been working with a number of major mainland online travel agencies to promote Macau-Hengqin tours aimed at families. U. ”. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck. Macau recorded nearly 2. Macau’s casino gross gaming revenue (GGR) stood at MOP11. 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. This detergent cuts the grease better than all the rest. Thursday’s announcement confirmed the start of prepartory work on the project site,. The announcement of the Macau. So said Andrew Lo Kai Bong, an executive director of the Hong Kong-listed entity, in comments to. Nov 04, 2022 Newsdesk Latest News, Macau, Top of the deck. International casino operator Las Vegas Sands Corp says it has amended with banking partners certain term loans regarding a US$1. That would be circa 8 percent higher than a 25-million figure mentioned by MGTO director Maria Helena de. The banking institution added it was maintaining its November full-month GGR forecast at. 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. 7. 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. Bernstein Ltd. Everyone living in Macau needs to do a rapid antigen test (RAT) for three consecutive days from Wednesday (November 30), in case of “hidden” Covid-19 infection within the local community and to lower the risk that any pool of infection might otherwise spread. Paradise Co Ltd, an operator of foreigner-only casinos in South Korea, reported net profit attributable to shareholders of KRW35. 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. 57 billion (US$1. 60 billion (US$153. 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. 55 billion this year, versus a previous estimate of US$6. 00 billion, up 90. Nov 17, 2023 Newsdesk Latest News, Macau, Top of the deck. The firm’s EBITDA is estimated at US$1. The Wakayama prefectural government has been active in pursuing the opportunity to host a casino resort. 30 million tourists, down 28. The “ICE” branding is used by Clarion Gaming for a popular London, United Kingdom event each year. G2E Asia, organised by the American Gaming Association and Reed Exhibitions, had been staged annually in Macau from 2007 and up to 2019. GGRAsia approached Suncity Group on Friday, seeking comment on that report by The Age. 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. Visitors from South Korea more than. For other cases, such penalties range from up to five years in prison, plus a fine; to a “controlled release along with a fine”. 2 percent quarter-on-quarter, and an 852. 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. 4bln in year to Oct. Macau’s casino GGR for the ten months to October 31 reached MOP148. 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. . Gambling & Gaming · China · <25 Employees. Jeju, a semi-autonomous island in South Korea with foreigner-only casinos, should contemplate permitting a new integrated resort (IR) with casino in the coastal location of Jungmun (pictured), to coincide with the launch of a second civil airport on Jeju if the latter scheme goes ahead. “We are pleased the new gaming legislation has passed,” said Tim McNally, referring to a statute known as. Nov 13, 2023 Newsdesk Latest News, Singapore, Top of the deck. Kangwon Land Inc, controller of Kangwon Land, South Korea’s only resort complex to offer a casino open to locals, has been assessed for a total of KRW3. 1 million), up 15. Suncity’s. One of the partner agencies is Lvmama, said Macau’s tourism bureau, in an emailed reply to an enquiry from GGRAsia. The promoter also organises gaming-industry-related gatherings in North America and Africa. Such sharp increase would be linked to a strong rebound in the city’s tourism and casino sectors, according to the research. Kevin Kelley, chief operating officer, Macau, at Galaxy Entertainment Group Ltd, will give a keynote speech in the morning, marking. “Standing bets are allowed. 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. 7 million (US$6. 55 billion in 2021. To get the day’s top headlines delivered to your inbox every morning, sign up for our 5 Things newsletter. 6 million visitor arrivals for the first eight months of this year, according to the city’s Secretary for Economy and Finance, Lei Wai Nong, in comments to reporters on Wednesday. Fourth-quarter gaming revenues were said to have risen 133 percent year-on-year, as “overall drops across all. 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. The Philippine casino sector produced gross gaming revenue (GGR) of PHP56. 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. 85 billion (US$1. The ending of such measures might herald greater tourism volume and some stable recovery in casino. Maria Helena de Senna Fernandes, director of Macao Government Tourism Office (MGTO), was speaking on the sidelines of a public event. [1] They are typically found in shady crevices of calcareous rocks at altitudes of 1,000–3,600 metres (3,300–11,800 ft). 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 current GGR forecast of MOP130 billion (US$16 billion) for full-year 2022. A few junkets still active in Macau: industry veteran. Casino operator Genting Singapore Ltd reported generated third-quarter revenue of just below SGD690. ”. The criminal penalty idea – along with others – is subject to a 45-day public consultation that started on September 15. It was about 60 percent of first-quarter 2019 levels, said parent Las Vegas Sands in April. The announcement was made via a social media post. 3-acre] property in Boracay island into an integrated casino project”. Mr Power also confirmed that the project. The announcement of Vietnam’s cooperation with China on security-enforcement issues, including against organisation of “cross-border” gambling, could be with an eye to boosting general tourism from neighbouring China when the latter nation eases pandemic-related constraints on outbound foreign travel, says Michael Zhu, a consultant. Building of Phase 4 at the Galaxy Macau casino resort, in Macau’s Cotai district, could be completed “in 2024″, says Francis Lui Yiu Tung (pictured in a file photo), deputy chairman of the property’s promoter, Macau casino operator Galaxy Entertainment Group Ltd. 24-billion casino resort for Hon Tre island. 0 million for 2025. 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. 29). Macquarie stated: “We expect Macau’s mass GGR to return to 2019 levels in fourth-quarter 2023, helped by the removal of transport, hotel room supply,. 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. 00 billion (US$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. According to GGRAsia’s correspondent, if the prefecture is selected to host a casino resort, the Wakayama local government plans to sell the land to the would-be casino operator by the same amount as the purchasing price, JPY7. Set in a town in the American Wild West, the game features symbols. The property (pictured in. Casino equipment maker and digital gaming content provider International Game Technology Plc (IGT) says it will redeem on November 7 the outstanding EUR112. The aggregate amount of money raised in the fiscal year to March 31 from those required to pay Singapore’s casino entry levy, surpassed pre-Covid-19 fiscal years, according to the Singapore Totalisator Board, the body responsible for collecting it. They include: fresh Covid-19 outbreaks; slower. The sentence was read out on Wednesday (January 18) at the city’s Court of First Instance by the presiding judge, Lou Ieng Ha. 57 billion (US$1. Paul Baker has stepped down as president of Macau casino resort Grand Lisboa Palace, being currently on so-called ‘gardening leave’ until early December, GGRAsia has learnt. 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. 95 billion, up 305. Oct 07, 2022 Newsdesk Latest News, Macau, Top of the deck. 55 billion (US$6. 3 percent of Macau’s casino GGR in the period. 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. 6 percent compared to only PHP96. 85 billion (US$1. 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 group views it is a temporary solution which will complement Galaxy Macau, and is working on longer term. “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. The announcement of the Macau event coincides. Historically, casino transactions account for a majority of the city’s flagged financial activities. In September alone, the city received 2. 23 billion (US$2. Macau’s Public Prosecutions Office. 7 percent from a year earlier, to nearly. 55 billion (US$6. 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 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. Jumbo aims to develop new and diversified ETG games. Slot win reached US$118 million, up from US$29 million a year ago, and circa 77 percent of 2019 levels. The actual amounts. Mar 20, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck. 8 million, from US$8. 8 percent from the prior-year period. That is according to data released on Monday by the country’s casino regulator, the Philippine Amusement and Gaming Corp (Pagcor). Lotte Tour first quarterly profit since Dream Tower launch. 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. Wynn Resorts unveils US$2bln Wynn Palace extension. 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. Macau’s September daily run rate for casino gross gaming revenue (GGR) improved by at least 25. Judged year-on-year, such revenue rose by. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()“Naga opened yesterday [July 8] with a very positive public response,” Mr McNally told GGRAsia. Macau’s GGR for the eight months to August 31 reached MOP114. 93 billion) in May, up 5. “GRA is aware of the cyber incident involving MBS’s members from its non-casino loyalty. 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. 03bln, up 15pct y-o-y. “This suggests the reopening recovery is still ongoing. 1 percentage points year-on-year, showed the data. So said Greg Saint (pictured), ICE Asia event director, in an interview with GGRAsia. Mr Gautreaux was described as. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. 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 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. An industry consultant has suggested to GGRAsia that the reasoning for keeping Macau’s casinos open amid the ongoing Covid-19 crisis is now “social” – i. 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. Available to guests from that day will be three hotel towers with 1,275 rooms; a multi. It nonetheless expects a fiscal deficit for 2023, with aggregate income – including from a. The regulator told GGRAsia: “As stated in Section 4. Macau’s airport handled a total of 116,343 inbound and outbound passengers and 975 aircraft movements from September 30 to October 6 inclusive, a seven-day period equivalent to 2019′s autumn Golden Week holiday season. The casino at Corona Resort and Casino, on Phu Quoc island, is to open on Saturday, confirmed to GGRAsia the entity managing gaming at the venue. 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 figure represented a 10-percent increase from the results of the pre-pandemic third quarter in 2019, said a Wednesday. We hope there will be a [daily average of] 80,000 to 90,000 visitor arrivals during the upcoming Golden Week. 59-million visitor arrivals in February , a major year-on-year improvement coinciding with the lifting in early January of most Covid-19. Macau gaming sees workforce growth, still below pre-Covid. Mar 23, 2023 Newsdesk Latest News, Top of the deck, World. 6 million visitor arrivals for the first eight months of this year, according to the city’s Secretary for Economy and Finance, Lei Wai Nong, in comments to reporters on Wednesday. 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. What: GGRAsia, a business-to-business website and newsletter for the Asian casino industry. Genting Singapore is the promoter of the Resorts World Sentosa casino complex (pictured) in Singapore. Third-quarter net income attributable to gaming equipment maker and content provider International Game Technology Plc (IGT) fell 64. 2. He was speaking on Wednesday on the firm’s conference call with analysts. 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. 4bln in year to Oct. The scheme is said to be partly backed by local hospitality firm Vinpearl Co, part of prominent Vietnam conglomerate Vingroup Co. Dividend restart still far for Macau ops: JP Morgan. 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. GGRAsia quizzed the group’s chairman and CEO on whether the company was looking for new Marina Bay Sands customers beyond mainland China. Mainland China-Jeju charter flight again after 7 years. 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. 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. 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. That could be a challenge particularly for Macau operators, that have spent more than a decade generating a lot of. The group’s third-quarter gross gaming revenue (GGR) was nearly HKD8. 0 million for 2025. GGRAsia | 4,024 followers on LinkedIn. 85 billion), according to official data. The Macau government collected just above MOP26. The title presents players with symbols including bears, cougars, and wolves on a 5 x 5 grid. 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. 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. 7 percent from MOP14. 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. Acompañe a Karen Marcela Sierra-Hughes, Vicepresidenta de Latinoamérica, Caribe y España, en Expojoc, el 7 de noviembre de 2023, en el Hotel Westin de Valencia, España. A data bank containing details including names, telephone numbers and email addresses for 665,000 shoppers at the Marina Bay Sands (MBS) casino resort (pictured) was last month breached and accessed by people. 05 billion (US$776,512) for regulatory breaches, including anti-money laundering (AML) failures, over a three-year span. Pax volume 66pct of 2019 Golden Week says Macau airport. But he added that because such actions were tantamount to what he termed “illicit currency swaps [exchange]” – it should be looked at instead. The new offering is scheduled to go live next month. Labour Day proper, is May 1. S. The latest stipulation was corroborated to GGRAsia by Cloee Chao, head of local gaming labour activist group New Macau Gaming Staff Rights Association. The beachside project is in Ba Ria, Vung Tau, in southern Vietnam. The institution said net revenue for the sector should be about US$24. “I have been studying listing my company on the stock market for over a year,” Mr Han stated. 5 million inbound and outbound passenger trips this year. Remedy for Macau illicit money swap biz still in review: govt. Macau non-gaming desirable, ops cannot do it all, say pundits. 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”. Such reimbursements are capped at HKD24. According to further information gathered by GGRAsia, patrons can gamble there either using cash or by establishing a rolling chip programme with Sands China. 9 percent of the nearly 3. Though he added that was because such credit issuance had dramatically reduced in the Macau market. Regarding other work by the division, Mr Son said that some of its officials were scheduled to visit Osaka, Japan, this month – accompanied by representatives. Find out about the earnings, workforce, tax revenue, AML and gaming equipment of the region's casinos and operators. That was still 21. 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. Andaz Macau full room inventory by CNY 2024: CBRE. The debt figure was “about 70 percent higher than the level in 2019,” stated the ratings agency. 81 billion (US$117. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. TKHS recently was appointed a logistics service provider for the Crown Sydney casino-hotel project, currently under construction in Barangaroo, Sydney, New South Wales. 5 percent at HKD41. (fatty tissue) a. According to one of them, the policy may persist into next year, with the potential for continued impact on Macau’s casino sector. Read More Philippines 3Q industry GGR US$1. 6 million for the third quarter, up 1. 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. 7 percent from the preceding quarter. The Philippine casino industry reported gross gaming revenue (GGR) of PHP187. The board nonetheless declared a quarterly. 0 million for 2024; and HKD38. 42 billion), said on Wednesday the local regulator, the Gaming Inspection and Coordination Bureau. GGRAsia asked NagaCorp’s Mr McNally whether the group was concerned about the level of competition it might face – particularly for VIP business at Primorye – now that the Suncity brand was a casino investor there in its own right, rather than just a partner for other operators. The breaches related to 2022 but were only made public on Tuesday at an audit hearing for. 28 billion) but was up 33. He was speaking on Wednesday on the firm’s conference call with analysts. 58 billion) in full calendar year 2018, up by 22. Such a daily tally for the start of the. 7-percent increase from a year ago. 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). 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 year closed with December GGR that slipped 13. W Macau will add 557 rooms and suites (example. Casino equipment supplier Sega Sammy Creation Inc has installed the first units of its Genesis Crest 43J cabinet series in the Macau market. Macau-based junket operator Meg-Star International has confirmed to GGRAsia it is currently preparing for “two new openings” of fresh-to-market VIP gaming clubs in the city. 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. Read More Guangdong court in reminder on ‘cross-border’ bet crime. 32 billion (US$1. Mainland Chinese tourists accounted for more than half of the aggregate number of visitors in the January to September period, at 353,220. 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. 2 percent achieved in January, said on Wednesday the head of the city’s tourism bureau. The operator’s executive committee chairman Simon Chan Weng Hong, said in recent remarks to GGRAsia, the airport was forecast to handle up to 4. Set in a town in the American Wild West, the game features symbols including bottles and sheriff badges appearing on the game grid. 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. The gaming executive spoken to by GGRAsia on condition of anonymity said overall transport-infrastructure improvement was a task beyond the remit of the resort operators. The cap for the year ending December 31 has been raised to US$10. 25 (US$4. 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. Deutsche Bank ups Macau 2023 GGR forecast after Feb data dlvr. 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. 27 trillion. Macau embracing electronic play, new clients: Galaxy COO. 0 million (US$507. 61 million passengers handled in 2019, the last trading. Specific to GGRAsia readers, we are at the forefront, working alongside legislators and regulators throughout the Asia-Pacific region. 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. 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. GGRAsia approached Las Vegas Sands regarding the reportedly-commissioned new probe. Philippine casino biz at pre-crisis by 2022: Domingo. In its latest assessment, UBS said it expects China’s economy to grow 3. Ms Zou’s “deep understanding of the pan-Asian consumer will enable her to effectively lead the Wynn team in customer. The official – who oversees the tourism and gaming sectors – declined. Nov 14, 2023 Newsdesk Latest News, Macau, MGS Entertainment Show, Top of the deck. Hoiana, a resort with a foreigner-only casino,near Hoi An in Quang Nam province, and in which Hong Kong-listed Suncity Group Holdings Ltd has an investment, told GGRAsia last week that it would be one of the tourism destinations able to welcome guests from overseas as part of the “vaccine passport programme”. The Philippine central bank has adjusted its monetary policy amid an increase in consumer prices, but the move is unlikely to have a negative impact on the country’s casino industry, observers have told GGRAsia. Macau recorded casino gross gaming revenue (GGR) of MOP15. “This is also higher than the current market consensus and the change is mainly due to the. 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. Since that date, the two properties have also been allowed to loosen capacity limitations at several of their non-gaming attractions. ” “Although impacted by the pandemic, Ho Tram Project Co is very proud of [its] continued development progress during this challenging time. Macau casino GGR softened in early Nov: analysts. 93 billion) in May, up 5. The first phase of Ixora Ho Tram by Fusion, launched at a ceremony in August, includes 164 rooms in a condotel tower and 46 beach villas, taking the current number of operational rooms at the whole Grand Ho Tram Strip site, to over 1,300. 32 billion in 2024. 01 billion, a rise of 295. -based casino developer Las Vegas Sands Corp. Casino regulator the Philippine Amusement and Gaming Corp (Pagcor) has confirmed to GGRAsia that some casino resorts in that country have been allowed to reopen “limited to a maximum of 30 percent capacity” and with strict health countermeasures against Covid-19. Macau gaming tax revenue tops US$6.