Singapore

The emergence of skill-based slots and a better understanding of how to tailor machines to local markets is presenting manufacturers and operators with the opportunity to challenge the dominance of the table game in Asian casinos and attract a new type of player.

In a region traditionally dominated by table games there are signs that a new generation of slots can make an impact, as long as suppliers understand how to take a tailored approach

The emergence of skill-based slots and a better understanding of how to tailor machines to local markets is presenting manufacturers and operators with the opportunity to challenge the dominance of the table game in Asian casinos and attract a new type of player.



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Integrated resorts have become a buzzword in the gaming industry, with investors and governments around Asia looking to the model as they prepare plans for new markets and properties.

Integrated resorts have become a buzzword in the gaming industry, with investors and governments around Asia looking to the model as they prepare plans for new markets and properties. However, as gambling revenue in Asia's biggest resorts declines is the IR model the right formula for success?



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Las Vegas Sands 3Q earnings declined due to a 46-percent drop in profit at its Macau unit, though the figure was better than expected and Singapore proved a bright spot.

Adjusted net income decreased to $529.8 million, or $0.66 per diluted share, compared to $675.7 million, or $0.84 per diluted share, in the third quarter of 2014. That beat estimates compiled by Capital IQ by three cents.    

UBS has revised down its gross gaming revenue estimates for Singapore, expecting GGR to drop 11 percent year-on-year compared with 5 percent, due to weaker VIP trends.

Genting Hong Kong, which operates Star Cruises, has acquired Singapore's iconic club brand, Zouk, for an undisclosed sum.

Singapore’s steady but sure gambling revenue is under pressure as regional currencies depreciate against the island-state’s dollar and the local and Chinese economies weaken.

Singapore Pools and the Singapore Turf Club are seeking to benefit from an exemption to the island state’s draconian ban on online gambling, with Pools already making plans to upgrade its systems despite the early stage of the approvals process.

Singapore Pools and the Singapore Turf Club are seeking to benefit from an exemption to the island state’s draconian ban on online gambling, with Pools already making plans to upgrade its systems despite the early stage of the approvals process.

 



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Bernstein Research says Genting’s business mix is generating strong cash flow driven by mass and non-gaming and is more diverse than that of the Macau operators.

The Asian-African Tote Association (AATA), which was established last year to foster relationships between global wagering operators, wrapped up its annual conference in Sydney Sept. 4th- 5th, with leading industry figures providing insight on topics including the potential of co-mingling and the challenges posed by illegal gambling.

The Asian-African Tote Association (AATA), which was established last year to foster relationships between global wagering operators, wrapped up its annual conference in Sydney Sept. 4th- 5th, with leading industry figures providing insight on topics including the potential of co-mingling and the challenges posed by illegal gambling. As wagering operators face mounting competition from other forms of gambling, they are also contending with an illegal market, offering cheaper products and worth potentially as much as $500 billion.



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Analysts have cut their forecasts for Genting Singapore due to weakness in the Singapore and Chinese economies and currency headwinds with the Malaysian Ringgit and Indonesian Rupiah.

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