Macau

Dynam Japan Holdings said it has extended a memorandum of understanding on the development of pachinko machines and other electronic games with IGG Singapore for a further six months. The two companies said in November last year that they will work together to develop new generation machines for the Macau casino market. The MOU will expire on November 25 unless it’s extended again.

Gaming Partners International said it has won an order worth just under $6.4 million to supply new chips and plaques for a Macau casino. The order includes nearly 900,000 chips and over 137,000 plaques from the company's Bourgogne et Grasset and Bud Jones brands. The Las Vegas-based company manufactures and supplies casino table game equipment to licensed casinos worldwide.
 

Macau’s junket operators, which bring in the majority of China’s big spending gambling into the territory’s casinos, are increasingly diversified business groups, with their models evolving to suit the demands of clients, Hengsheng Group principal investment director Tony Tong said. Speaking at the G2E Asia conference, Tong said the operators are still largely misunderstood by western markets and as a result are stereotyped as shady. “We are expanding internationally, we are following the VIPs.

Macau is seeing good growth in proxy betting, which may make up about a tenth of the territory’s VIP market, Inteluck director Tony Tong said at an iGaming panel session at G2E Asia.
The growth has come despite the fact that the more popular segment of the market elsewhere -- live video streaming -- is illegal in Macau. Proxy players are only able to place their bets through the telephone.
Macau generated gross gaming revenue of $45.2 billion in 2013, with about 66 percent of that coming from the VIP market, putting the market at roughly $3 billion.

Authorities in the southern Chinese province of Guangdong have received more than 10,000 applications on the first day of a pilot electronic-visa scheme that aims to speed up entry into Macau. Guangdong is the first province in China to offer such a scheme and it’s not clear if the others will be permitted to follow. The permit has an integrated circuit chip containing personal information, fingerprints and entry endorsement of the card holder. The new system is seen as another positive for Macau’s gambling revenue, easing the passage of the growing mass market visitor.

Two of Galaxy Entertainment’s Macau resorts have won accolades from the 2014 China Travel and Meeting Industry Awards. Galaxy Macau got best resort of the year (Hong Kong/Macao) for the first time, while its StarWorld Hotel retained the title of Best Service Hotel of the year.

G2E Asia, the biggest event in the show’s eight-year history, wrapped up on Thursday with one clear message from participants -- Macau is likely to retain its crown as the world’s top gambling destination for years to come and the recent spate of negative news is likely to have a minimal impact.

Resorts on Macau’s Peninsula are regaining favour over their larger and more diversified peers on the Cotai strip, according to Galaxy Entertainment’s chief marketing officer, Kevin Clayton. Citing a study done last year, along with MGM China, Clayton said the research had identified a move by the “more discerning” customer away from Cotai and back to the peninsula. Clayton was speaking at a panel study at G2E Asia on Mass Marketing and how to reach target segments. He was responding in particular to a comment that some of the peninsula properties now seemed dated.

The slot gaming business in Macau is likely to pick up in coming years, boosted by a massive increase in supply, but also helped by an increased effort by suppliers to tailor games to the Asian market, according to a panel session at G2E Asia. Galaxy Macau vice president of electronic gaming Peter Johns said it has taken 10 years to get the proper games to the market. “Now we are starting to see true Asian graphics and real machines for the Asia market, with the right colours and designs. We are seeing fantastic growth in these products,” he said.

Sands China said in a regulatory filing that it has granted certain employees stock options. The board of directors said the employees will be able to subscribe for shares of US$0.01 each in the capital of the company. The options relate to 2,723,800 shares in the company and are valid for a period of ten years. The closing price of the stock on the day of the grant was $57.75.

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