Money laundering and misconduct at casinos has renewed the global scrutiny of anti-money laundering and counter-terrorism financing (AML/CTF) compliance. Non-China VIPs key target for Asia casinos: marketers. Macau orders 3 days of home testing amid Covid alert. Aggregate revenue in the mass-market segment stood at MOP33. Corona Resort and Casino (pictured in a file photo) – a gaming complex located on Vietnam’s Phu Quoc island – has announced on its official website that operations at the resort and gaming facilities recommenced on Friday (May 8), after a month-long pause amid the Covid-19 pandemic. That was well above the circa 146,500 signatures – or 2 percent of the local electorate – required to trigger a requirement for Osaka’s governor to move to the next step along the path to a referendum. 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. The fine was issued in September by the Financial Intelligence Unit (FIU), a body under South Korea’s Financial Services Commission, according to local media. That is despite the announcement in recent days of Covid-19 infection in Macau. “We had a very good opening and anticipate increased visitation. That represented circa 71 percent of the same period in 2019, during the trading year preceding the Covid 19 pandemic, when the city-state logged 15. The property had a formal launch in July, with what the company said. 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. The Daegu Casino in South Korea has been fined KRW1. Macau’s gaming regulator has asked casino operators in Macau to reduce temporarily by as much as 90 percent the number of on-duty workers staffing the city’s gaming floors, several local media outlets report. Gaming operations drag on Everi’s quarterly results. 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. 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. Everi Holdings Inc reported revenue of US$206. 35 million visitor arrivals from Hong Kong during 2019. Labour Day proper, is May 1. “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. By 2020 the operator will have made an aggegrate capital investment of US$500 million in the property since 2008, said Han Daesik (pictured), president and chief executive of Widus International Leisure Inc, in an interview with GGRAsia. 1d Edited. 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 million), up 15. Clarion said the venue-switch decision had been “endorsed by the ICE. GGRAsia is a website and newsletter about the Asian sector of the casino industry. The body does not provide. Mr Gautreaux was described as. So says Jerry Hu (pictured), regional business development manager for land-based gaming at Jumbo. 94 billion (US$1. 86 million visitor arrivals. Nov 10, 2023 Newsdesk Latest News, Top of the deck, World. 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. So said Andrew Lo Kai Bong, an executive director of the Hong Kong-listed entity, in comments to. It nonetheless expects a fiscal deficit for 2023, with aggregate income – including from a. 29). Andaz Macau full room inventory by CNY 2024: CBRE. Lui Che Woo, chairman of Galaxy Entertainment, was quoted in the announcement as saying: “From the. Macau’s October casino gross gaming revenue (GGR) was up 30. It could be “2025 or 2026” before Macau International Airport sees 2019, i. 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. Peter DeRaedt, president of IGSA, said in prepared remarks that the organisation would be leading a “concerted effort to create cyber standards to protect” the gaming industry. GGRAsia | 4,024 followers on LinkedIn. 2022 action packed to the last for Asia casino sector. In a written reply to GGRAsia, MGTO said it was “actively preparing. S. 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. 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. 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”. Casino junket operators in Macau will each have to pay a guarantee of MOP1. G2E Asia, organised by the American Gaming Association and Reed Exhibitions, had been staged annually in Macau from 2007 and up to 2019. The new club, with an area of 2,600 square meters (27,986 sq feet) and located at the complex’s Pearl. The firm added it was optimistic about the VIP gaming business for this year. 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. 17), with the lowest bets there still in the hundreds of Hong Kong dollars. The Macau government is currently conducting a public consultation – due to end on Friday (October 29) – on its proposed revision of the city’s gaming law. There has also been recent analyst commentary that the recovery of outbound tourism from. Nov 23, 2023 Newsdesk Latest News, Macau, Top of the deck. (Updated 6. 1 percent from the prior-year period. Macau’s GGR for the eight months to August 31 reached MOP114. feminine noun. 4 percent from the prior-year period. 85 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. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()“Naga opened yesterday [July 8] with a very positive public response,” Mr McNally told GGRAsia. com is a website and newsletter about the Asian casino industry. 8 percent sequentially. Why: To provide the gaming industry with up-to-date news and information. The authorities in Japan’s Nagasaki prefecture have told GGRAsia they have no information yet on the timing of the national government’s decision regarding their application to host an integrated resort (IR) with casino. . “Players must make winning combinations. This is according to Kim Jong-min, a former national. e, before the property opened – and chairman of that entity since 2015. 6 million. “We plan to open for business, including local citizens of. 48 billion next year. 8 percent below the tally recorded for July. The information was given by André Cheong Weng Chon (pictured second right. RGB 2023 gaming machine sales to be double 2019 record. 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. Deutsche Bank now expects the 2023 GGR tally to be the equivalent of just over US$20. “The Japanese government is continuing the review of Kyushu-Nagasaki IR, but no schedule has been given,” said. ”. Melco Resorts’ costs are put at 105 percent to 107 percent of 2019. Nov 24, 2023 Newsdesk Latest News, Philippines, Top of the deck . Nov 07, 2023 Newsdesk Latest News, Singapore, Top of the deck. 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. A total of 87 out of an aggregate 171 casino-licence applications had resulted in renewal as of October 10, said Ros Phirun, secretary general at the Commercial Gambling Management Commission of Cambodia, in recent comments to GGRAsiaMacau May GGR set for new post-Covid peak: brokerage. Such reimbursements are capped at HKD24. The new gaming venue, launched in March and branded “Perlas Club”, offers 200 slot machines, as well as six gaming tables for baccarat, roulette, and blackjack, the property’s promoter said in a Monday press release sent to GGRAsia. 01 billion, a rise of 295. 8 million, from US$8. ” Mr McNally did not give details of how many members of the public visited for the reopening. 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. 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. Hong Kong-listed LET Group Holdings Ltd, an investor in Asia-Pacific region casino projects, says a US$27. The Macau government is to reduce its 2022 gross gaming revenue (GGR) forecast for the city’s casino industry. 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. 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. 5 percent – from 14. 2 percent month-on-month, to MOP14. 5 percent at HKD41. The aggregate take for January to October was up 215. His comments were made. That is according to data released on Monday by the country’s casino regulator, the Philippine Amusement and Gaming Corp (Pagcor). 55 billion in 2021. 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. 8 percent from the prior-year period. Macau is to have 11 so-called satellite casinos that will continue to operate under the new 10-year gaming concessions starting from January 1, 2023, compared to 18 satellite casinos that were in the market as of June-end this year, a decrease of 38. It expects Wynn Macau Ltd’s costs to be 100 percent to 105 percent of 2019’s. 9 percent from May 2022, according to data released on. The institution said net revenue for the sector should be about US$24. Resorts World Manila is rebranding as “Newport World Resorts” (pictured) from Wednesday (July 20), the management of the Philippine gaming and leisure complex said in a press release that day. 57 billion (US$1. Thursday’s announcement confirmed the start of prepartory work on the project site,. Apr 04, 2023 Newsdesk Latest News, Rest of Asia, 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. 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. It is the latest iteration of the firm’s “Jin Ji Bao Xi” game series, and is launching with the “Tiger” and “Phoenix. They see Vietnam’s potential, even as the Asia-Pacific region’s previous high-roller. Industry consultant Ben Lee told GGRAsia that in his opinion, “Singapore has the tightest anti-problem gambling measures in the world,” in addition to an entry levy applicable to Singapore citizens and permanent residents. 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. She stated that the measure was already being implemented by the city’s casino industry. “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. 08 billion), it said in the 2023 fiscal year budget proposal published on Friday. Quarterly net revenues at Macau casino operator MGM China Holdings Ltd rose by 9. The break is sometimes referred to by investment. Está siguiendo una dieta baja en grasa. 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. 39 million) in fines, for 182 cases of breaking anti-money laundering (AML) rules. 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. 90 billion. The Hoiana casino resort complex (pictured) in Hoi An, Vietnam, had an “accumulated loss” amounting to VND5. “This suggests the reopening recovery is still ongoing. That is the case of House committee’s vice chairman Mr Boonlue. The debt figure was “about 70 percent higher than the level in 2019,” stated the ratings agency. GGRAsia understands those tables will be returned to the new-look Grand Waldo complex. Naga new loan credit positive, risk persists: Moody’s. The latest monthly tally was up 365. The announcement of the Macau. 7 percent sequentially to US$812. 38 billion) in the first 21 days of May, estimated JP Morgan Securities (Asia Pacific) Ltd, citing its own checks. What does grasia mean? Information and translations of grasia in the most comprehensive dictionary definitions resource on the web. 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. Macau would-be junkets to pay US$187k guarantee: govt. GEN Singapore 3Q profit up, pledges US$5bln investment. Though he added that was because such credit issuance had dramatically reduced in the Macau market. Gambling & Gaming · China · <25 Employees. The ending of such measures might herald greater tourism volume and some stable recovery in casino. For other cases, such penalties range from up to five years in prison, plus a fine; to a “controlled release along with a fine”. Timber Stacks awards a win when matching symbols land left-to-right on the matrix, with a ‘tumble. 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. 8 percent from the preceding quarter. DigiPlus says ‘no imminent plans’ for Boracay casino. 85 billion), according to official data. 55 billion (US$6. A Thursday release on behalf of W Hotels – a marque of hotel conglomerate Marriott International Inc – had said W Macau was “slated to open on September 8” at Studio City, a Macau casino resort property majority-owned by global gaming operator Melco Resorts and Entertainment Ltd. The remarks. Read MorePhilippines 3Q industry GGR US$1. 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. 3 percent – in the third quarter. That represented circa 71 percent of the same period in 2019, during the trading year preceding the Covid 19 pandemic, when the city-state logged 15. 05 billion (US$776,512) for regulatory breaches, including anti-money laundering (AML) failures, over a three-year span. GGRAsia is a website that covers the latest news and trends in the Asian gaming industry, including Macau, Philippines, Singapore, Japan and other regions. Nov 10, 2023 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck. It did not specify when she was appointed. Mr Wilson told GGRAsia his firm had been busy in recent years in establishing a presence in Australia. Casino equipment supplier Sega Sammy Creation Inc has installed the first units of its Genesis Crest 43J cabinet series in the Macau market. The firm told GGRAsia on Thursday that it had deployed the units at the Galaxy Macau casino resort in late September. Slot win reached US$118 million, up from US$29 million a year ago, and circa 77 percent of 2019 levels. “This was a result of three years of cash burn amid. 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. The casino firm added in a separate release that it was “focused on reinvestment in Asia and high-growth opportunities in new markets. The owner and operator of Philippine casino and leisure complex Newport World Resorts (pictured), in the capital Manila, said fourth-quarter overall revenues rose 164 percent year-on-year, to PHP8. The casino regulator said the meeting was to better “understand the situation” regarding claims that the brand was. Nov 08, 2023 Newsdesk Latest News, Trends & Tech. 6 percent month-on-month, at just over MOP19. 1 percent from the prior-year period. “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. 0 billion (US$26. 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. He was speaking on Wednesday on the firm’s conference call with analysts. Macau’s casino gross gaming revenue (GGR) contracted 3. 42 billion), said on Wednesday the local regulator, the Gaming Inspection and Coordination Bureau. The figure represented a 10-percent increase from the results of the pre-pandemic third quarter in 2019, said a Wednesday. fat. 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. According to the report, It is expected that Laguna Lăng Cô would “contribute US$245 million” annually to the budget of Thua Thien Hue province from 2021 onward. . Angela Hanlee, Bloomberg Intelligence senior gaming and hospitality analyst, said on the same podcast: “We now expect Macau’s gross gaming revenue this year to reach 52 percent of pre-pandemic levels, from our previous forecast of 42 percent. We have had “numerous” approaches. Clarion Gaming said it has reserved a total of 40,000 hotel nights for “ICE week 2025″. The consultation document made no mention of satellite casinos. The figure was down by 11. 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. But experts suggested to GGRAsia that in the absence of clarity on that point. ” Door still. Find out about the earnings, workforce, tax revenue, AML and gaming. 20 billion, the latter down 16 percent from a previous estimate of US$2. That was up 19. Read More What: GGRAsia, a business-to-business website and newsletter for the Asian casino industry. Aside from those events, the name “Suncity” was already featuring in a variety of mainland investigations, GGRAsia has now been able to confirm after a review of official documents. Nov 10, 2023 Newsdesk iGaming, Latest News. “We anticipate its 2024 mass GGR will be 5 percent to 15 percent stronger than in. ”. The group added in its Monday statement, referring to the. Lvmama is. Macau recorded just below 19. The board nonetheless declared a quarterly. 03 billion) in the third quarter, a slight increase from PHP56. 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. Macau’s Financial Intelligence Office has told GGRAsia it is expected the city’s 2023 tally of suspicious transaction reports (STRs) will reach “near 2019-level”, as the volume of Macau casino gaming transactions gradually recovers. 95 billion, up 305. Nov 04, 2022 Newsdesk Latest News, Macau, Top of the deck. SOFTSWISS handles 26k player monitoring requests this year. 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. 03bln, up 15pct y-o-y. Macau casino operator Galaxy Entertainment Group Ltd says it is “not considering re-entering Boracay,” in the Philippines, “to develop a resort” there. But the official said the government could not demand the six casino concessionaires to make such salary adjustment. In its latest assessment, UBS said it expects China’s economy to grow 3. JP Morgan estimated last week’s Macau GGR was about MOP400 million (US$50 million) per day, which its. “Timber Stacks” is the latest digital slot offer from online gaming content provider Pragmatic Play Ltd. A spokesperson for MegaLuck Casino, run by Hong Kong-listed New. Galaxy Ent ‘not considering re-entering Boracay’. But the same report said that while some emirates might move forward with developing a casino. Bernstein Ltd. The event is scheduled to take place in Singapore, from August 24 to 26. 1 million), up 15. 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. The beachside project is in Ba Ria, Vung Tau, in southern Vietnam. 57 billion (US$1. GGR rose sequentially for the third consecutive month. A unit of Japan’s Sega Sammy Holdings Inc is to pay US$1. The regulator told GGRAsia: “As stated in Section 4. The objective of the proposed new rule against illegal deposit-taking activities is to deter the usage of casino deposits as “financial investments”, remarked Macau law firm MdME’s managing partner Rui Pinto. 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. 0 million for 2024; and HKD38. The government has said such a step is needed, to pave the way for a fresh public tender for Macau gaming rights. it/SkDY0K34. Read More Philippines 3Q industry GGR US$1. 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. ”. 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. 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. The authorities in Hokkaido, Japan’s northernmost prefecture (pictured), are still mulling the idea of hosting an integrated resort (IR) with casino, as a way of boosting tourism and regenerating the local economy. The project company CEO explained to GGRAsia: “The request for a revision in the completion date was submitted due to the impact of Covid[-19] in Vietnam during the period from 2020 to 2022. Aggregate revenue in the mass-market segment stood at MOP33. 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”. Hong Kong-listed International Entertainment Corp says it will have to invest between US$1. 0 million (US$507. The new offering is scheduled to go live next month. 2 percent achieved in January, said on Wednesday the head of the city’s tourism bureau. Mr Lui was. Macau gaming sees workforce growth, still below pre-Covid. A spokesman said it had no comment. 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. Jun 01, 2023 Newsdesk Latest News, Macau, Top of the deck. 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. 24-billion casino resort for Hon Tre island. 7-percent increase from a year ago. In June, the firm had mentioned that the main. Macau is seeking to expand meaningfully and soon the percentage of its visitors from overseas, beyond the 2. 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. 12 Jul 2022 · 6 minute read. The Macau government collected MOP51. 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. ”. SOFTSWISS Sportsbook 3Q GGR up 523pct y-o-y. That could be a challenge particularly for Macau operators, that have spent more than a decade generating a lot of. “Latin America. Why: To provide the gaming industry with up-to-date news and information. 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. Nov 17, 2023 Newsdesk Latest News, Macau, Top of the deck. Philippines poised to be region GGR leader says consultancy. 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”. 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. 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. 6 billion (US$820. Nov 15, 2022 Newsdesk Latest News, Macau, Top of the deck. 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. Macau embracing electronic play, new clients: Galaxy COO. 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. 47 billion) non-gaming and overseas-marketing spending pledges by up to. 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 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. GGRAsia approached MGTO to confirm the details of the subsidy scheme, but did not receive a reply by the time the story went online. 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 bureau stated: “In the process of promoting the implementation of non. He was speaking to GGRAsia on the sidelines of the Macao Gaming Show 2016, a trade exhibition and conference about the regional casino industry that was held recently at the Venetian Macao and was organised by the Macau Gaming Equipment Manufacturers Association. 72 billion in April. The announcement to the Philippine. 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. 80 billion), it said in the 2024 fiscal year budget proposal published on Wednesday. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()Jan 09, 2023 Newsdesk Latest News, Macau, Top of the deck. SOFTSWISS Sportsbook 3Q GGR up 523pct y-o-y. 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. Mr McNally told GGRAsia: “We have already acknowledged the prior concerns expressed by UNESCO. GGRAsia approached Suncity Group on Friday, seeking comment on that report by The Age. “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. . The year closed with December GGR that slipped 13. 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. Mainland China-Jeju charter flight again after 7 years. Macau gaming tax revenue tops US$6. “I have been studying listing my company on the stock market for over a year,” Mr Han stated. 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. Definition of grasia in the Definitions. 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. The Philippine casino sector produced gross gaming revenue (GGR) of PHP56. 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. 58 million sq. 6 percent more than the level of PHP96. 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 tally was up 107. 9 percent from the preceding quarter, but down 10. JP Morgan said that based on its own checks, Macau-market GGR for the first 18 days of June was estimated at MOP9. . . 90 billion. The figures represented a recovery of 66 percent and 63. Jeju Sun’s operation has been paused since March 21, 2020. The group’s third-quarter gross gaming revenue (GGR) was nearly HKD8. Mohegan Inspire soft opening scheduled for Nov 30. Dec 17, 2022 Newsdesk Latest News, Macau, Top of the deck. 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. 8 percent month-on-month, to MOP10. 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. 72 billion in April. S. Nov 14, 2023 Newsdesk Latest News, Macau, MGS Entertainment Show, Top of the deck. 94 billion (US$1. Suncity Group Holdings Ltd, a Hong. 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”. Mar 16, 2022 Newsdesk Industry Talk, Latest News. 86 million visitor arrivals. The institution calculated GGR for the first 17 days of September at. by 31 October 2023,” stated LET in a Wednesday filing. It was about 60 percent of first-quarter 2019 levels, said parent Las Vegas Sands in April. Specific to GGRAsia readers, we are at the forefront, working alongside legislators and regulators throughout the Asia-Pacific region. 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 523 percent from the prior-year period. Osaka’s proposal (pictured in an artist’s rendering) – featuring a consortium including MGM Resorts International and Orix Corp – got 657. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()The country boasts a sizeable, licensed casino industry. GGRAsia is approaching 26 Capital, seeking comment on the counterclaims made by UE Resorts International Inc and the three other companies. 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. The Macau government estimates the city’s 2023 casino gross gaming revenue (GGR) will be MOP130 billion (US$16. 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. Operating income of US$52. His comments were made. 0 million) in the six months to September 30, the first half of its current financial year. 34 billion), which is as much as 90. 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. 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. Moody’s estimates that Macau’s market-wide mass-segment GGR will return this year “to about 85 percent” of the 2019 level, and “fully recover in 2024, driven by premium mass customers”. e. 1 million) in daily GGR. GGRAsia approached Las Vegas Sands regarding the reportedly-commissioned new probe. Ed Bowers, president and chief executive of MGM Resorts Japan LLC, is to give the. Hong Kong-listed LET Group Holdings Ltd, an investor in Asia-Pacific region casino projects, says a US$27. 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,. 45 billion (US$18. The city’s market-wide mass GGR “is recovering faster” than the ratings institution had forecast, added the memo. The current GGR forecast of MOP130 billion (US$16 billion) for full-year 2022. The. For other cases, such penalties range from up to five years in prison, plus a fine; to a “controlled release along with a fine”. As part of the brand’s plans and to “effectively control. 2 billion to develop an integrated resort (IR) with a casino in the Philippines capital, Manila. Nov 13, 2023 Newsdesk Latest News, Singapore, Top of the deck. Wynn Resorts unveils US$2bln Wynn Palace extension. The institution said net revenue for the sector should be about US$24. 55 billion (US$769 million) in full-year 2025. 24-billion casino resort for Hon Tre island. But China’s State Council has this year designated April 29 to May 3 inclusive, as a holiday period on the Chinese mainland. Nov Macau premium mass average bet circa US$2. SJM excess labour costs down 12pct q-o-q: brokerage. Apr 14, 2023 Newsdesk Japan, Latest News, Top of the deck. 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. 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. 2 percentage points from August, but up by 41. 0 million (US$507. Fitch tips Macau economic rebound at 65pct this year. The firm stated this was based on its “outstanding performance in environmental, social and governance (ESG)” matters. The conclusion was based on data the company compiled for a report it produced detailing the key trends that will shape the online gaming sector in the coming year. - based casino operator and hospitality business Hard Rock International Inc has previously confirmed its interest in developing a casino at the beach resort. 6 percent from the prior year, showed data published on Tuesday by the city’s Statistics and Census Bureau. 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. Oct 26, 2023 Newsdesk Latest News, Trends & Tech. Resorts World Cruises drops Okinawa-Sanya for SE Asia ports. 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. 1.