Friday, May 14, 2021

Crown on track for Sydney casino operations by October

Crown Resorts is making "significant" progress in addressing concerns raised by the Bergin inquiry and has agreed a series of steps with the regulator.

Victorian Royal Commission on Crown to examine 2016 arrests

The Victorian Royal Commission into Crown Resorts is set to launch next Monday, opening with an examination into the arrests of Crown staff in China in 2016. 

Wakayama IR bid on the ropes as Suncity pulls out

Wakayama’s IR bid appears to be on the ropes as the Suncity Group has withdrawn from the RFP process.

Central Japan prefecture grapples with jockey betting scandal

The central Japan prefecture of Gifu has been grappling with a scandal involving jockeys and trainers as who have been found to be engaging in betting on horse races.
Asia Pioneer Entertainment said its Q1 sales dropped 15.3 percent, while its loss widened, due to the ongoing impact of Covid on its consulting and technical services and repair service segments.
Australian operators, Star Entertainment and Crown Resorts have both agreed with regulators in New South Wales to cease all international junket operations and to go cashless in their casinos.
Galaxy Entertainment said its Q1 adjusted EBITDA surged 204 percent from the same period last year, though was down from the prior quarter due to seasonal softness in its construction division.
Macau casino operator SJM Holdings has announced the closing of its issuance of senior notes due 2026, raising around HK$1.24 billion (US$160 million) and MOP 298 million (US$12.3 million). 
Melco Resorts and Entertainment has been given the go-ahead to reopen its four casinos in Cyprus from May 17, albeit at reduced capacity. 
Sands China president Wilfred Wong has indicated that the company has not launched a voluntary exit program for its employees, but has encouraged employees near retirement age to retire earlier.
China’s digital RMB trial has for the first time included a privately-owned bank, which is indicative of the country taking its next steps to an eventual national rollout. 
U.S. based casino operator MGM Resorts has been given the go-ahead by the Nevada Gaming Control Board to return their gaming floors to full pre-pandemic occupancy with no social distancing. 
FanDuel chief executive officer Matt King has announced he will be stepping down from the company, a move which may impact the proposed listing of the company in the U.S.
South Korea's Paradise Co. said Q1 casino sales plunged by 51.6 percent due to a lack of international visitation, though its loss narrowed from the prior quarter due to cost cuts.
Summit Ascent Holdings, operator of Russia's Tigre de Cristal, said it has been accepted as a constituent stock in the MSCI Hong Kong Micro Cap Index, effective after the close on May 27.
U.S. Q1 gambling revenue was 4.1 percent above the industry's pre-pandemic level in Q1 2019 and matched the highest grossing quarter ever, which was Q3, 2019, according to figures from the American Gaming Association.
Nepal authorities have extended the lockdown in Kathmandu and surrounding areas for a further 15 days amid surging Covid cases.
Sands China President Wilfred Wong told local media that hotel occupancy in the group's hotels topped 90 percent during the recent Golden Week holiday.

INDUSTRY UPDATES

As the football season approaches with the UEFA and Copa América championships, software provider BetConstruct has honed its complete sports betting offer to deliver outstanding experience to operators.
Pragmatic Play has undertaken a quest for mystical riches in its latest hit Phoenix Forge.
UGW 2021 has been moved to September 21-22 this year, bringing together Ukrainian and international companies offering equipment, games, slot machines, betting software, payment acceptance systems, platforms for online casinos, marketing tools, and many others
Amid the sharp decline in its gaming revenues due to the impact of the COVID-19 pandemic, the Philippine Amusement and Gaming Corporation (PAGCOR) has remitted P1.6 billion cash dividends to the National Treasury.
Asia Pioneer Entertainment's newly launched Snap Buy vending machine brand has teamed with historic Macau bakery, Choi Heong Yuen Bakery to provide popular gifts 24 hours a day. The offering...
UltraPlay is shortlisted in 5 categories at the prestigious EGR B2B Awards 2021. The categories are Esports Betting Supplier (UltraPlay won it last year), Innovation in sports betting software, Sports betting supplier, Sportsbook platform supplier, and White label partner.
iSoftBet, the leading online games supplier and content aggregator, has partnered with online brand SuperSeven to integrate its pioneering content, complete with innovative proprietary and licenced features.
Pragmatic Play has strengthened its agreement with one of the fastest-growing operators in Europe, Kaizen Gaming, in a deal that will see it supply two verticals to the leading European group.
Sportradar, a leading global provider of sports data intelligence and sport entertainment solutions, today announced that it has entered into a definitive agreement to acquire InteractSport.
AGTech Holdings said Q1 revenue jumped 51.3 percent as its lottery business in China recovered from the Covid pandemic.

Regions seen as outperformers

Regional casinos in the Philippines are likely to resume their outperformance once the global pandemic eases as infrastructure improves and major projects come online.

Kazakhstan scores own goal with sports betting changes

Recent changes to Kazakhstan’s sports betting law are likely to fuel black market gambling and slash tax revenue for the government, experts say.

Will Beijing’s sabre-rattling affect Chinese travel decisions?

China’s threat to draw up a blacklist of countries targeting gambling is most likely directed at the online industry, though may be enough to deter some travellers even if the government doesn’t follow through with its action.

Rightsizing Cambodia’s casino industry post-Covid 19

Through government action and a cultural norm of wearing face masks when ill, Cambodia has seen few get sick during the COVID-19 pandemic. According to the World Health Organization, Cambodia has 275 COVID cases and zero COVID-related deaths as of the last week of September. 
AGE at ICC Sydney

Australasian Gaming Expo (AGE) 2021

The Australasian Gaming Expo (AGE) is the place to see new products and services, network, attend thought-provoking seminars, seek business partners and generate sales....
life after pogos

Life After POGOs – AGB Pop-Up Forum

The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
AGB Webinar - Acquiring and Retaining iGaming Customers

Acquiring & Retaining iGaming Customers

In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Asia Gaming Briefings, april 2021

Asia Gaming Briefings – April 2021 Edition

In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
Agbriefings February 21

Asia Gaming Briefings – Feb 2021 Edition

The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
asia gaming briefings Dec 20

Asia Gaming Briefings – Dec 2020 Edition

Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.