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March GGR recovery forecast at 71-75% as market cools after CNY: MacquarieÂ
The Macau gaming industry is experiencing a predicted cooldown after the Chinese New Year, as March’s gross gaming revenue (GGR) is expected to be 71-75 percent of 2019 levels.
Macau’s May GGR expected to hit $2.5B, Labor Day hotel prices 30% below CNY: brokerages
Investment bank Citigroup anticipates that Macau’s gross gaming revenue (GGR) in May could reach MOP20 billion ($2.49 billion), about 77 percent of 2019 levels.
Daily Asia Gaming eBrief: Macau March GGR sees slowdown post CNY
The last month of the first quarter should be a bit calmer for Macau, as GGR slows down post-Chinese New Year. According to analysts at Macquarie, the VIP rate is seeing a recovery in the month, however, while MICE-facing operators are likely to see a boost during the month.
All Macau casino operators plan to roll out RFID: Goldman Sachs
All six gaming operators in Macau plan to install RFID (Radio Frequency Identification) tables in the coming months to improve marketing efficiency and productivity, according to Goldman Sachs.
NZ High Court rules in favor of SkyCity over compensation value calculation for Auckland car park
New Zealand and Australian gaming operator SkyCity has announced that the High Court of New Zealand has ruled in favor of the company over a dispute related to the concession of its SkyCity Auckland car park.
Ainsworth confirms reports that it is exploring privatization
Australian gaming manufacturer Ainsworth Game Technology has confirmed speculation that it was seeking to delist from the Australia Stock Exchange (ASX) and go private, noting that it has already appointed a financial advisor to ‘undertake a review of all potential opportunities available to the company’.
The Star appoints Scott Saunders as the new Chief Risk Officer
Australian gaming operator The Star Entertainment has announced the appointment of a new Chief Risk Officer, welcoming Scott Saunders into the new role, pending regulatory approval.
Australian securities watchdog criticized for letting Crown Resorts execs off the hook
Felix Ng -
The Australian Securities and Investments Commission (ASIC) is being criticized for deciding not to pursue charges against ten former Crown Resorts executives for their role in the company’s misconduct.
Julian Cook to be appointed as SkyCity chairman from Jan 1, 2022
SkyCity Entertainment Group has announced Julian Cook, a director of the SkyCity board, will replace Rob Campbell as chairman from January 1, 2022.
Suppliers pivot online, exploit built-in advantages
Land-based suppliers have been relatively slow to the digital party, but will likely have some advantages over pure online players as they expand their offering into the space, analysts say.
