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. The government has said such a step is needed, to pave the way for a fresh public tender for Macau gaming rights. 0 million) for the three months to September 30, according to a presentation published on Thursday. 6 percent from the prior year, showed data published on Tuesday by the city’s Statistics and Census Bureau. The documents were filed via the same database that showed three other major junket brand names serving mainland customers – “Tak Chun”, “Guangdong Club. Mass-market baccarat generated nearly MOP20. That is according to Robert Goldstein. 5 million), or circa MOP830 million a day, said JP Morgan Securities (Asia Pacific) Ltd in a Monday memo, citing its industry checks. 49 billion), 315. Macau average daily gross gaming revenue (GGR) continued in the third week of February to be higher than the January average, the latter month the period of Chinese New Year, says JP Morgan Securities (Asia Pacific) Ltd. Nov 14, 2023 Newsdesk Latest News, Macau, Top of the deck. 0 million for 2023; HKD29. Oct 25, 2023 Newsdesk Japan, Latest News, Top of the deck. In comments to GGRAsia, Macau’s Sports Bureau indicated the public-sector role was mainly one of facilitation for initiatives from the community and the private sector – specifically mentioning the gaming concessionaires – rather than ‘big-picture’ planning. SOFTSWISS Sportsbook 3Q GGR up 523pct y-o-y. A recent proposed newcomer is in Khanh Hoa province, which has reportedly asked the national leadership to permit a US$2. 38 billion) in the first 21 days of May, estimated JP Morgan Securities (Asia Pacific) Ltd, citing its own checks. 2 percent year-on-year. Up to seven UAE casino licences possible: report. The Hoiana casino resort complex (pictured) in Hoi An, Vietnam, had an “accumulated loss” amounting to VND5. It is the latest iteration of the firm’s “Jin Ji Bao Xi” game series, and is launching with the “Tiger” and “Phoenix. Lui Che Woo, chairman of Galaxy Entertainment, was quoted in the announcement as saying: “From the. Macau non-gaming desirable, ops cannot do it all, say pundits. “We anticipate its 2024 mass GGR will be 5 percent to 15 percent stronger than in. Macau’s daily casino gross gaming revenue (GGR) between April 19 and 24 rose 11 percent week-on-week, to MOP83 million (US$10. Casino sales rose 38. 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. An upper court in Guangdong, mainland China, has issued a press release citing what it termed “seven classic cases” about “combatting cross-border gambling crimes”, that had been heard in the province’s courts. 18-billion casino and resort scheme in Van Don district – located in the country’s northern. So said Greg Saint (pictured), ICE Asia event director, in an interview with GGRAsia. That is according to Craig Billings, group chief executive of Wynn Resorts Ltd, the parent of Wynn Macau Ltd. 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. 5 million), versus a HKD1. Such redundant payroll stood at HKD148. The group’s third-quarter gross gaming revenue (GGR) was nearly HKD8. ”. 8 percent from the prior-year period. [1] They are typically found in shady crevices of calcareous rocks at altitudes of 1,000–3,600 metres (3,300–11,800 ft). The latest data reported by GGRAsia included the gross gaming revenue generated by the casino industry for the full year 2022. 61 billion in the preceding quarter. Jeju Sun Hotel and Casino, a property of Philippines-listed Bloomberry Resorts Corp, has confirmed to GGRAsia – in response to our telephone enquiry on Tuesday – that it will reopen on October 3. Macau gaming tax revenue tops US$6. Osaka’s proposal (pictured in an artist’s rendering) – featuring a consortium including MGM Resorts International and Orix Corp – got 657. -based casino developer Las Vegas Sands Corp. 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. 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. Macau gaming tax revenue tops US$6. Veteran Macau-based junket operator U Io Hung, a representative of the Macau Gaming Promoter Professionals Association, told GGRAsia. feet) -capacity Fira de Barcelona, from January 20 to 22, 2025. Mr Gautreaux was described as. Macau casino GGR US$825mln for October 1 to 8: JPM. 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. A spokesperson for Suncity indicated such a topic was a private matter for Mr Chau, rather than for Suncity Group. The institution added that fourth-quarter performance in mass-market casino GGR was on course for 12 percent growth sequentially, “well above historical seasonality of +5 percent,” which the brokerage said was the average quarter-on-quarter uptick during the period 2014 to 2019. The firm said additionally that it had “no licence to operate gaming venues in Russia and therefore does not operate venues in Russia. The Suncity venue in Manila confirmed to have closed last week was within the Okada Manila casino resort, according to checks done on behalf of GGRAsia. 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. Singapore’s Gambling Regulatory Authority (GRA) has asked the Marina Bay Sands (MBS) casino resort to “conduct further investigations on its casino loyalty programme”, the regulator said in a statement emailed to GGRAsia on Wednesday. Why: To provide the gaming industry with up-to-date news and information. 25 billion. He cited factors including airlines still “normalising” operations. That could be a challenge particularly for Macau operators, that have spent more than a decade generating a lot of. The company’s EBITDA might reach HKD6. 9 percent from the preceding quarter, but down 10. He added: “Considering we are. Macau’s daily casino gross gaming revenue (GGR) could be circa 17 percent higher during China’s Golden Week holiday straddling the end of September and start of October, than is expected for the rest of October, says Morgan Stanley Asia Ltd. (fatty tissue) a. The latest monthly tally was up 365. Sourcing more foreign players is a way for the Macau junkets to cope with the new reality, suggested local gaming scholar Ryan Ho Hong Wai, in comments to GGRAsia. 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. 9 percent. “This implies last week’s GGR run-rate improved further to circa MOP570 million per day, versus circa MOP530 million per day a week ago,” wrote the analysts. The Philippine casino sector produced gross gaming revenue (GGR) of PHP56. The city’s market-wide mass GGR “is recovering faster” than the ratings institution had forecast, added the memo. Visitors from South Korea more than. According to information collated by GGRAsia’s Japan correspondent, the verification of the signatures gathered could take a month. She stated that the measure was already being implemented by the city’s casino industry. Fourth-quarter gaming revenues were said to have risen 133 percent year-on-year, as “overall drops across all. 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 JPY1. “Timber Stacks” is the latest digital slot offer from online gaming content provider Pragmatic Play Ltd. 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. 6 percent month-on-month, at just over MOP19. 9k: Citi. 47 billion) non-gaming and overseas-marketing spending pledges by up to. Nov 15, 2022 Newsdesk Latest News, Macau, Top of the deck. MGS Entertainment Show, a Macau-based casino industry trade exhibition and conference, starts its 2023 edition today (Tuesday) at Galaxy International Convention Center (GICC), at the Galaxy Macau casino resort. The. 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. Hong Kong-listed Macau casino operator MGM China Holdings Ltd said in a Monday press release it had been added to the Hang Seng Corporate Sustainability Benchmark Index “with immediate effect”. 27 trillion. So said several commentators in remarks to GGRAsia. International casino operator Las Vegas Sands Corp says it has amended with banking partners certain term loans regarding a US$1. 25 (US$4. “This committee will solicit experts within our membership to create ready-to-use standards to improve cyber resilience,” added Mr DeRaedt. 04 million (US$118. Casino sales rose 38. 8 percent below the tally recorded for July. Global Gaming Business OCTOBER 2021. Mr Wilson told GGRAsia his firm had been busy in recent years in establishing a presence in Australia. Macau’s recovery rate in gross gaming revenue (GGR) is likely to trigger as early as next year a government condition for the city’s six casino operators to increase their collective MOP108. 5 percent – from 14. The aggregate take for January to October was up 215. 00 billion (US$3. The firm stated this was based on its “outstanding performance in environmental, social and governance (ESG)” matters. by 31 October 2023,” stated LET in a Wednesday filing. Mr Power also confirmed that the project. The first edition of ICE Asia has been postponed from this. But the same report said that while some emirates might move forward with developing a casino. S. 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. “This was a result of three years of cash burn amid. 58 million sq. 51 billion (US$2. 5 percent at HKD41. The consultation document made no mention of satellite casinos. When: Launched in May, 2014. Macau’s September daily run rate for casino gross gaming revenue (GGR) improved by at least 25. 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. According to further information gathered by GGRAsia, patrons can gamble there either using cash or by establishing a rolling chip programme with Sands China. One of them was a verdict – on an unspecified date – of the. The proportion of Macau visitors in October this year. China has had heightened scrutiny of those of its wealthy interested in “cross-border gambling”. 8 million, Sands China stated in a filing to the Hong. The institution calculated GGR for the first 17 days of September at. Though he added that was because such credit issuance had dramatically reduced in the Macau market before. 18 billion), or a daily run-rate of MOP527 million. ”. 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. GGR rose sequentially for the third consecutive month. 3 percent of Macau’s casino GGR in the period. “We had a very good opening and anticipate increased visitation. The new offering is scheduled to go live next month. 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. Slot win reached US$118 million, up from US$29 million a year ago, and circa 77 percent of 2019 levels. Apr 17, 2023 Newsdesk Latest News, Macau, Top of the deck. The Macau government estimates the city’s 2023 casino gross gaming revenue (GGR) will be MOP130 billion (US$16. 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. 4 percent from the prior-year period. “The Japanese government is continuing the review of Kyushu-Nagasaki IR, but no schedule has been given,” said. The announcement was made via a social media post. 6 million, and the deal is expected to close. Maria Helena de Senna Fernandes, director of Macao Government Tourism Office (MGTO), was speaking on the sidelines of a public event. Nov 10, 2023 Newsdesk Latest News, Top of the deck, World. 90 billion. Macau casino operator Galaxy Entertainment Group Ltd says it is “not considering re-entering Boracay,” in the Philippines, “to develop a resort” there. May 13, 2022 Newsdesk Latest News, Macau, Top of the deck. 2 days ago · Macau gaming operator says it has raised the annual cap set for transportation, logistics and technical services provided by its parent company, U. 1 percent this year, according to the “Macroeconomic Forecast for Macao 2023”, published by the University of Macau (UM). Pagcor chair, ex-chair, others face charges in E-sabong case. ” Mr McNally did not give details of how many members of the public visited for the reopening. Remedy for Macau illicit money swap biz still in review: govt. There has also been recent analyst commentary that the recovery of outbound tourism from. The ending of such measures might herald greater tourism volume and some stable recovery in casino. Nov 13, 2023 Newsdesk Latest News, Singapore, Top of the deck. Such revenue was up 374. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. Singapore’s Gambling Control Bill had a first reading in the country’s parliament on Monday. “Aruze has been doing very well in the Philippines, [at] Genting Malaysia, [in] Australia and New Zealand,” he noted, referring secondly to the operator of Malaysia’s only licensed casino resort. 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”. It offers multi-level progressive game play that features not only emotive symbols familar to. 5 million in the third quarter. 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. It is the latest iteration of the firm’s “Jin Ji Bao Xi” game series, and is launching with the “Tiger” and “Phoenix. ”. Judged year-on-year, such revenue rose by 32. JP Morgan estimated last week’s Macau GGR was about MOP400 million (US$50 million) per day, which its. Sep 14, 2023 Newsdesk Latest News, Macau, Top of the deck. 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. 55 billion in 2021. The Macau government forecasts the city’s 2024 “income” from casino gaming will be “MOP200 billion” (US$24. 85 billion (US$1. The Macau government collected MOP51. SJM posts US$73mln in 3Q EBITDA, narrows quarterly loss. “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. 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. GGRAsia approached Galaxy Entertainment for comment on the report, but had not received a reply by the time this story went online. Combined property EBITDA however was still down circa 20. 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. A spokesperson for MegaLuck Casino, run by Hong Kong-listed New. 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. Jeju Dream Tower is controlled by Korea Exchange-listed Lotte Tour Development Co Ltd. Mar 20, 2023 Newsdesk Latest News, Rest of Asia, Top of the deck. “GRA is aware of the cyber incident involving MBS’s members from its non-casino loyalty. GGRAsia asked Mr Kelley about Friday’s market-wide stock price correction, which saw Galaxy Entertainment shares down 6. 61. ”GGRAsia had previously approached Galaxy Entertainment, asking if there would be gaming space allocated within the Raffles at Galaxy Macau hotel tower, but had not received a reply. Casino games maker Paradise Entertainment Ltd is looking to Southeast Asian markets for placement of its LT Game-branded slot machine products, said the firm’s co-chairman and managing director Jay Chun, in an interview with GGRAsia. 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. 4 percent from a year earlier. The. A few junkets still active in Macau: industry veteran. MBS confirms data breach to 665k non-casino client records. The existence of the service was independently verified by GGRAsia, after checks of publicly. 1 percent from the comparable 2022 period. 39 million) in fines, for 182 cases of breaking anti-money laundering (AML) rules. 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 appointment was with effect from Wednesday (November 1), GGRAsia understands. 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”. Melco Resorts’ costs are put at 105 percent to 107 percent of 2019. Definition of grasia in the Definitions. 7 percent sequentially to US$812. e, before the property opened – and chairman of that entity since 2015. GGRAsia was named “Gaming Media of the Year” at the Asia Awards ceremony held in the Philippine capital Manila on Wednesday, for the first edition of SiGMA Asia, a conference and exhibition for the online gaming industry organised by SiGMA Group. 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. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. 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. 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. “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. Gambling & Gaming · China · <25 Employees. According to information gathered by GGRAsia’s Japan correspondent, Mayor Matsui reiterated Osaka’s desire to start its request-for-proposal (RFP) phase with potential private-sector partners this month. The ending of such measures might herald greater tourism volume and some stable recovery in casino. -based casino developer Las Vegas Sands Corp. Macau is seeking to expand meaningfully and soon the percentage of its visitors from overseas, beyond the 2. Mr McNally told GGRAsia: “We have already acknowledged the prior concerns expressed by UNESCO. He added: “Considering we are tracking circa. Donaco reported group net revenue of AUD9. 60 billion (US$153. 8 million, from US$8. GGRAsia asked Mr Kelley about Friday’s market-wide stock price correction, which saw Galaxy Entertainment shares down 6. He noted, regarding the request-for-applications process in New York: “We have long viewed Genting Malaysia’s 100-percent-owned Resorts World New York City to. 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. Philippine casinos will be required to make all players present an identity document and must also keep records of such customers’ gambling activity for at least five years as part of a new regulatory framework on anti-money laundering for the casino sector. 9 percent from May 2022, according to data released on. “In this market, you. The scheme is said to be partly backed by local hospitality firm Vinpearl Co, part of prominent Vietnam conglomerate Vingroup Co. 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. 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. “This looks like another step” in the “direction,” of firmer control he added, referring to the proxy gambling. 03bln, up 15pct y-o-y. Mainland Chinese tourists accounted for more than half of the aggregate number of visitors in the January to September period, at 353,220. Morgan Stanley now expects Macau’s gaming industry EBITDA to reach nearly US$6. “Standing bets are allowed. Las Vegas Sands is also the parent of Macau casino operator Sands China Ltd. That is the case of House committee’s vice chairman Mr Boonlue. 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. Jun 01, 2023 Newsdesk Latest News, Macau, Top of the deck. 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. Games available for the Genesis Crest. 5 percent at HKD41. The department also told GGRAsia that the former Yalanwan Casino, which has relocated to Lotte Hotel Jeju from the Jeju Shilla Hotel, has switched its name to “Seven Star Casino”. Malaysia-based casino electronic games and services supplier RGB International Bhd is on track to achieve in 2023 an annual record of “4,000-gaming machines” sold, with the Philippines leading the way in Asia, said its vice president of sales support and marketing, Chuah Eng Meng (pictured), in an interview with GGRAsia at the. Macau would-be junkets to pay US$187k guarantee: govt. Though he added that was because such credit issuance had dramatically reduced in the Macau market. Online gaming compliance testing services have become an important part of the testing work being done by Gaming Laboratories International LLC (GLI) in Asia, says Ian Hughes (pictured), the firm’s vice president of global services. The Philippine gaming sector could be “competing with Singapore” for the top gross gaming revenue (GGR) position regionally over the next few years, following a rapid recovery from Covid-19 disruptions, suggests industry consultancy GCG Gaming Advisory Services Pty Ltd. 3pct from overseas. The figures represented a recovery of 66 percent and 63. GGRAsia is a website and newsletter about the Asian sector of the casino industry. . Everi Holdings Inc reported revenue of US$206. The casino regulator said the meeting was to better “understand the situation” regarding claims that the brand was. In September and August, casino sales had fallen sequentially at the property on Jeju, a semi. Macau has fallen to third spot regionally in terms of gross gaming revenue (GGR) in the three months to September 30, behind Singapore and the Philippines, according to figures compiled by GGRAsia. The 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. “The redemption is conditioned on IGT’s receipt of sufficient proceeds under its. Macau’s gross domestic product (GDP) could soar by up to 44. What does grasia mean? Information and translations of grasia in the most comprehensive dictionary definitions resource on the web. Alejandro Tengco (pictured in a file photo), chairman and chief executive of the Philippine casino regulator, the Philippine Amusement and Gaming Corp (Pagcor), has told GGRAsia it has already had “numerous” expressions of interest regarding the selling off of state-owned Casino Filipino gaming venues. The sentence was read out on Wednesday (January 18) at the city’s Court of First Instance by the presiding judge, Lou Ieng Ha. GEN Singapore 3Q profit up, pledges US$5bln investment. R&F Korea (RFKR), a firm linked to Hong Kong-listed Chinese developer. Macau embracing electronic play, new clients: Galaxy COO. 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. Casinos are coming under renewed scrutiny by global regulators seeking to crack down on money laundering and misconduct within the gaming industry worldwide. According to these, the overall handle of the sector in the Philippines amounted to around PHP184. 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. “We plan to open for business, including local citizens of. . Historically, casino transactions account for a majority of the city’s flagged financial activities. 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. 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 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). Macau’s September casino GGR stood at MOP14. 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. Specific to GGRAsia readers, we are at the forefront, working alongside legislators and regulators throughout the Asia-Pacific region. 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. 72 billion) pledged by Sands China Ltd as part of its successful bid for a new 10-year Macau gaming concession that began in January. Macau’s 2023 tourist-arrival tally is likely to be “over 27 million”, said the Macao Government Tourism Office (MGTO) in a Wednesday email in response to a GGRAsia enquiry. 2 percent year-on-year. Referring to a Friday announcement by the national authorities. Macau hotel occupancy in September dips m-o-m. Macau 20mln visitors in year to Sept, 4. Nov Macau premium mass average bet circa US$2. 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. The break is sometimes referred to by investment. 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. 8 million, from US$8. 05 billion (US$776,512) for regulatory breaches, including anti-money laundering (AML) failures, over a three-year span. Taiwan-based casino equipment supplier Jumbo Technology Co Ltd is planning to develop more games for the electronic table game (ETG) segment in Macau. He told GGRAsia: “Osaka, Wakayama and Nagasaki and their IR partners will each have to earn national approvals for their IR development plans. For other cases, such penalties range from up to five years in prison, plus a fine; to a “controlled release along with a fine”. According to Macau government data, the city had 1. The latest stipulation was corroborated to GGRAsia by Cloee Chao, head of local gaming labour activist group New Macau Gaming Staff Rights Association. 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. Macau’s Secretary for Economy and Finance, Lei Wai Nong (pictured, centre), has urged the city’s gaming operators to increase staff salaries in 2024, if the companies have the “conditions” to do so. An organiser of Global Gaming Expo (G2E) Asia, a casino industry conference and trade exhibition that has been held annually in Macau since its inception in 2007, says that this year there is to be a Philippines edition on December 3 and 4 at the Manila Marriott Hotel at the Resorts World Manila casino resort. 80 billion), it said in the 2024 fiscal year budget proposal published on Wednesday. The aggregate amount is US$107. The Philippine casino industry reported gross gaming revenue (GGR) of PHP187. It nonetheless expects a fiscal deficit for 2023, with aggregate income – including from a. 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. 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. 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. The UM team estimates that. 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. “This suggests the reopening recovery is still ongoing. The average occupancy rate for Macau’s hotel sector stood at 78. Singapore is to introduce a specific offence of “proxy gambling” as part of its new Gambling Control Bill, a piece of legislation that is designed also to consolidate existing betting-related laws for the city-state. Dec 17, 2022 Newsdesk Latest News, Macau, Top of the deck. 75 billion, up 14. 61 billion in the preceding quarter. Cambodia has started operating its already-flagged new casino taxation system based on gaming revenue, rather than on lump-sum payments, it was reported on Monday. Casino slot machine maker and digital games provider Aristocrat Leisure Ltd opened on Tuesday what it called “the first dedicated gaming showroom” in the Philippines. 4bln in year to Oct November 17, 2023; SJM excess labour costs down 12pct. That would imply a daily run-rate of MOP528 million, which is “ahead of (surprisingly) strong April. Mr Au’s arrival follows the resignation of Betty Zhao as COO in late October. Mainland China-Jeju charter flight again after 7 years. (Updated 6. Halloween-theme game debuts for FBM Digital Systems. 7 percent from a year earlier, to nearly. 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. . 50 billion (US$2. 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. We hope there will be a [daily average of] 80,000 to 90,000 visitor arrivals during the upcoming Golden Week. It did not specify when she was appointed. 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. 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. TKHS recently was appointed a logistics service provider for the Crown Sydney casino-hotel project, currently under construction in Barangaroo, Sydney, New South Wales. 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. 27 million, up 147. 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. Ian Hughes, chief commercial officer for Gaming Laboratories International LLC (GLI), has highlighted the significance of testing services for products utilising artificial intelligence (AI) within the gaming industry as a key component of the company’s growth strategy. Judged year-on-year, such revenue rose by. An event branded “Asian IR Expo + G2E Asia 2023” is to be held from July 11 to 13, at the Venetian Macao, run by Sands China Ltd, a unit of Las Vegas Sands. The bureau stated: “In the process of promoting the implementation of non. Two Macau scholars recently told GGRAsia that the Chinese authorites showed no sign of significantly easing their “dynamic zero-Covid” policy. 26 billion (US$27. The Macau authorities. 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 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. The operator of casino complex Newport World Resorts, in the Philippine capital Manila, is set to expand operations under its Philippine Inland Gaming Operator (PIGO) licence, with the addition of live table games, the property’s chief operating officer, Hakan Dagtas, told GGRAsia. According to the institution, the industry-wide EBITDA margin stood at 29. Sands China’s non-rolling table win in the mass market was US$911 million in the opening quarter of 2023, compared to US$354 million a year earlier. Gaming Laboratories International, LLC. Hong Kong-listed LET Group Holdings Ltd, an investor in Asia-Pacific region casino projects, says a US$27. Quarterly net revenues at Macau casino operator MGM China Holdings Ltd rose by 9. Nov 10, 2023 Newsdesk iGaming, Latest News. 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 year closed with December GGR that slipped 13. “The process will look to review and assess all strategic alternatives which could assist the company in maximising shareholder value. So says Jerry Hu (pictured), regional business development manager for land-based gaming at Jumbo. “We are pleased the new gaming legislation has passed,” said Tim McNally, referring to a statute known as. Mr Feldman, who spent nearly 30 years with casino operator MGM Resorts International, is a Distinguished Fellow at the University of Nevada, Las Vegas’. 0 billion (US$26. Feb 26, 2021 Newsdesk Latest News, Macau, Top of the deck. 1,557 likes · 3 talking about this. AI test work integral to growth strategy at GLI: Ian Hughes. 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. 81 billion (US$117. The information was given by André Cheong Weng Chon (pictured second right. 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 force said it had proposed a joint “task force” regarding the threat of illicit money changing. In the banking institution’s survey for the month,. Referring to a Friday announcement by the national authorities. 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.