Thursday, January 21, 2021

Tomakomai IR optimists see hopes dashed again

Hope springs eternal in the minds of Tomakomai IR advocates. The answer delivered from the lips of Hokkaido Governor Naomichi Suzuki keeps coming back “no,” but what seems to be delivered to their ears is “maybe soon.”

IPI may hire former CNMI Senator as CEO

Imperial Pacific International has reportedly reached a verbal agreement with former CNMI Senator Ray N. Yumul to become its next CEO.

Star gives vote of confidence to Gold Coast with new tower

Star Entertainment has given a vote of confidence to the potential of the Gold Coast’s tourism industry, pressing ahead with plans to build a A$400 million “Tower for Tourism” despite the Covid-19 crisis.

What does the bitcoin rally mean for gaming?

Bitcoin’s meteoric rise in the last three months has recaptured the news headlines and the imagination of speculators the world over, especially as it continues to set new highs almost daily.

CNMI Representative appeals on behalf of stranded IPI workers

CNMI Representative Edwin K. Propst (D-Saipan) has taken up the cause of Imperial Pacific International’s stranded workers.

Melco/Wynn named as top picks as premium mass leads recovery

Melco Resorts & Entertainment and Wynn Resorts are expected to outperform their Macau rivals in the next six months due to their larger exposure to the premium mass market, according to Bernstein Research.
SunTrust Home Developers announced that Suncity WC Hotel was granted incorporation by the Philippines’ Securities and Exchange Commission (SEC) on January 19.
The administration of Yokohama Mayor Fumiko Hayashi is expected to announce shortly the start of its RFP process to build a major urban IR at Yamashita Pier, potentially becoming the largest IR development in Japan.
Accusations have appeared in the Korean media alleging that Paradise Co, used some questionable tactics to encourage some employees into early retirement as part of the firm’s measures to reduce costs.
Oshidori International, a bidder for an IR operating license in Nagasaki, Japan, has issued a positive profit alert to the Hong Kong Stock Exchange, projecting an unaudited consolidated profit of more than HK$2.3 billion (US$304 million) for the year 2020.
With the landmark decision by the Nevada Gaming Commission to allow changes to regulations surrounding the electronic transfer of money to games and gaming devices, the gaming industry has reached a pivotal payment moment. In a space that has long been dominated by cash, how can operators prepare for the digital shift?
The Star Entertainment Group said it is pushing ahead with a $400 million "Tower for Tourism" on the Gold Coast, with construction set to begin in coming weeks.
Macau visitor arrivals edged up 3.6 percent in December from the prior month to 659,407, but were down 78.6 percent on the year, according to the Statistics and Census Service.
Thai police have busted a large illegal gambling operation operating out of a luxury resort in the north of the company, arresting 34 people. Police seized 26 slot machines, 29 sets of cards, 60 chips and a Baccarat table.
Donald Browne submitted a reopening plan for Imperial Pacific's casino on Dec. 3rd, before resigning his position as CEO to attend to family matters, local media reports, without giving details of the plan.
South Korean police have arrested one of three subjects sought in connection with the theft of about $13.3 million from Landing International's Jeju casino. The unidentified man was described as an employee of an agent company that attracts and manages casino customers.
The New Macau Gaming Staff Rights Association says it has received requests for assistance from more than a dozen dealers working in a satellite casino, who claim their employer is forcing them to resign.
The Jeju Tourism Service Union, LEK Branch of the Federation of Korean Trade Unions, is accusing Landing International of both inept and opaque management practices surrounding the major theft of cash as well as the unfair dismissal of four Jeju Shinhwa World employees.
Local police swept up thirty employees and customers in a raid on an illegal baccarat room in Osaka, Japan.
Wynn Macau has announced an annual bonus equal to one month's gross salary will be paid to all eligible Wynn Macau and Wynn Palace team members, which represents 98.5 percent of its current workforce.
The speaker line-up for the SBC Digital India conference and exhibition is set to feature the founders of some of the market leaders in the country’s fast-growing real-money gaming industry.
Trips related to health and welfare, as well as those linked to children's education, are likely to see strong growth over the next few years as China's population ages, or as parents seek to provide overseas exposure for their offspring, the China Outbound Tourism Research Institute predicts.
The new year has just begun, but TBVET already has huge goals for it. The leading live-games provider has unveiled major plans for 2021: +4 new games, even more expansion, better interface. 
Bloomberry Cultural Foundation has donated PHP50 million ($1 million) to construct the first hospital in San Andres, a remote area of Quezon.
MGM Resorts said it doesn't intend to put forward a revised offer for the U.K.'s Entain, which has rejected an $11 billion bid, but remains committed to pursuing a omni-channel gaming strategy.
MGM China and Melco Resorts & Entertainment have announced they will pay a bonus equivalent to one-month's salary to all eligible non-management employees.

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. 
Life After Pogos

Life After POGOs – AGB Dossier

This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.

Australian market report: How to adapt to the new normal

Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
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.
AGB Webinar Attracting Players, Not Fraudsters

Attracting players, not fraudsters

With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.
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.
news, macau, gambling

Asia Gaming Briefings – Nov 2020 Edition

While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
asia gaming briefings OCT 20

Asia Gaming Briefings – Oct 2020 Edition

Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.