Friday, May 3, 2024

MGM China first quarter results outshine pre-COVID era, company continues gaining market share

MGM China has announced its continued resurgence in the first quarter of the year, with record high adjusted EBITDA and market share during the period.

Crown now has strategic advantage over competitors after surpassing regulatory hurdle: consultant

In light of recent developments in the Australian gaming industry, gaming consultant David Green offers insights into the suitability of Crown Resorts and the challenges faced by its competitors, The Star and SkyCity.

Northbound spending fever in HK has “few” impacts on Macau GGR: experts

Hong Kong may continue to serve as one of Macau’s leading source markets, despite undergoing continuous reshaping of its consumer market, with minimal impacts on GGR.
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C-level iGaming executives in high demand

Recruitment in the iGaming sphere has never been more important than now. Ellen Fröjd, CEO of SmartRecruitment.com, points out what is most in focus and why mid- and high-level executives are in demand and how AI is being implemented – but can never replace human nuance.
New multi-entry visa would boost Macau hotel rivalry: insiders

New multi-entry visa would boost Macau hotel rivalry: insiders

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The Chinese government may launch a visa multi-entry visa between Macau and Hengqin for Chinese tour groups as soon as next month, a source familiar with the matter told AGB.
Crown Resorts, Sydney

Crown Resorts found suitable to retain Sydney casino license

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Crown Resorts is retaining its casino license in Sydney, after authorities in New South Wales ruled that the group’s remediation efforts have been sufficient, and the multi-million dollar investment were worth every penny, granting back its casino license.
Remote slots, Remote Play, WinnTech, Offshore Gaming, POGOs,Philippines

PAGCOR’s decision to lower licensing fees enhances competitiveness of IGLs, says COO of Winn...

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A lower licensing fee for Philippine offshore gaming operators (POGOs) operations is seen as a mutually beneficial act for both operators and regulators.
Focus on VIP, premium, non-gaming, making Newport World Resorts the go-to IR

Focus on VIP/premium and non-gaming making Newport World Resorts the go-to IR

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The first integrated resort in Manila, Newport World Resorts has reached a certain level of maturity, underlined by now being under a single umbrella group. Hakan Dagtas, COO of the IR, says that 2023 was the best results year for the property since its opening, and the group is planning to heavily invest in being a non-gaming attraction.
Technology is the key to standardizing regulations in the gaming industry: Sumsub

Technology is the key to standardizing regulations in the gaming industry: Sumsub

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Technology has become key in standardizing regulations in the gaming industry. A top industry expert notes that KYC and AML are now integral for operators, requiring a new approach, as different threats and opportunities appear.
Thailand, Chao Phraya River, Thai, casino, entertainment

Thai casinos could generate over $5B in revenue per year, says Maybank

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Maybank Securities forecasts that Thai entertainment complexes (ECs) featuring casinos could yield approximately THB 187 billion ($5.14 billion) in annual revenue, equivalent to roughly 1 percent of Thailand's GDP.
Non-gaming investment requirements for gaming operators already reshaping Macau

Non-gaming investment requirements for gaming operators already reshaping Macau: pundits 

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The non-gaming investment requirements for Macau gaming concessionaires are already reshaping the Special Administrative Region, according to industry experts interviewed by AGB.
Intelligence

Online gaming participation increased ‘dramatically’ in Victoria – Study

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In a comprehensive analysis of gambling trends over a ten year period in the Australian state of Victoria, researchers uncovered that, while overall participation rates on 'traditional' gambling have decreased, online gambling participation has increased 'dramatically'.
Congressman Gus Tambunting: House is split 50/50 on gaming

Congressman Tambunting: House is split 50/50 on gaming

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Philippine Congressman Gus Tambunting says the House is equally divided in regards to gaming support, in particular of online. Meanwhile, the sale of Casino Filipino venues is proof of how seriously the nation is taking its gaming, with current laws unlikely to change under future administrations. The official also says that the gaming regulator, PAGCOR, “needs more teeth” in order to properly enforce regulations.
Bloomberry Resorts COO, focus on people and product cornerstones of profitability, ASEAN Gaming Summit

Bloomberry COO: focus on people and product cornerstones of profitability

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The President and Chief Operating Officer of Bloomberry Resorts, Thomas Arasi, says that the focus on its people and its product naturally lead to profitability. The group aims to create a “Filipino talent pool that is second to none globally”, including additional training to prepare for the opening of its latest property – Solaire Resort North – in May. Check out some key highlights from the executive’s keynote speech at the ASEAN Gaming Summit.
Macau, Casino Gaming Tables

RFID tables benefits could be offset by privacy concerns: gaming expert

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After Macau authorities announced their intention for all gaming concessionaires to adopt radio frequency identification (RFID) tables, commonly known as smart gaming tables, a gaming insider believes that the measure will have a "net neutral" impact on Macau’s gaming revenue.
PAGCOR excited about growth in eGaming segment, Alejandro H. Tengco

PAGCOR excited about growth in eGaming segment

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PAGCOR’s Chairman and CEO, Alejandro H. Tengco, says that he’s most excited about the growth in the eGaming sector in the Philippines, with expectations that gross gaming revenue generated from the segment could even top that of its land-based casinos. The official also laid out the sale plans for Casino Filipino, saying they haven’t yet settled on a final price.