Wednesday, April 24, 2024

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Drops in VIP trigger 44% fall in PLC’s City of Dreams Manila GGR share

City of Dreams Manila saw a significant drop in VIP revenue during the first three months of the year, causing one of its parent companies - Premium Leisure Corp (PLC) - to record a 44 percent annual drop in gaming revenue from the property.

Daily Asia Gaming eBrief: Macau 1Q24 GGR sees VIP return in droves

The sport of whale watching is never abandoned in Macau, as evidenced by the results from the first quarter of the year, published by the region's gaming watchdog.

Macau 1Q VIP baccarat up 68% year-on-year: regulator 

Macau's VIP baccarat gross gaming revenue (GGR) grew by 68 percent year-on-year in the first quarter, according to government data.

Okada Manila sees strong drops in VIP and online GGR, driving down 1Q24 results

Gaming revenue at Okada Manila fell by nearly a quarter in the first three months of the year, as gross gaming revenue from the VIP segment tumbled 42.61 percent year-on-year.
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Focus on VIP/premium and non-gaming making Newport World Resorts the go-to IR

The first integrated resort in Manila, Newport World Resorts has reached a certain level of maturity, underlined by now being under a single umbrella group. Hakan Dagtas, COO of the IR, says that 2023 was the best results year for the property since its opening, and the group is planning to heavily invest in being a non-gaming attraction.

NagaCorp’s GGR up 23.7% in 1Q24, VIP exceeds pre-COVID levels 

NagaCorp Ltd, the operator of NagaWorld, a casino resort monopoly in the Cambodian capital Phnom Penh, has announced that it recorded a 23.7 percent increase in gross gaming revenue (GGR) in the first quarter of this year compared to the same period last year, reaching over $145 million.

Pragmatic Play enhances VIP live casino with Privé Lounge Baccarat

Pragmatic Play, a leading content supplier to the iGaming industry, has created a premium and exclusive Live Casino experience in Privé Lounge Baccarat.

Macau VIP play rises in 4Q23 to $1.57B, marking best quarter since 2019

VIP play in Macau rebounded in 4Q23, reaching $1.57 billion, the best quarter since the pandemic. But the shift to mass is evident as mass Baccarat play topped even 4Q19.

Under the Scope: Macau Grand Prix drives away the VIP

The expansion of the Macau Grand Prix to two weekends could have a negative double-digit impact on gross gaming revenue for the month as congestion and accessibility concerns push punters away.

Daily Asia Gaming eBrief: Macau mass can’t fill the void left by VIP

Although Macau is roaring back, with strong visitation numbers and an increase in mass, the void left by transitioning away from VIP means that the gaming hub can't reach pre-pandemic levels this year. According to expert Wang Changbin, Macau's non-gaming events are securing new demographics of punters, in line with government mandates to promote events and lure in foreign clientele.