Wednesday, June 26, 2024

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Genting Bhd makes big bets on non-gaming

Genting Bhd, the largest casino conglomerate in Southeast Asia, is expanding its presence in the non-gaming sector with a RM5 billion ($1.06 billion) investment plan in the energy industry.

Macau’s MICE generates over $112M in non-gaming revenue in 1Q24

In the first quarter of 2024, the MICE-driven receipts of non-gaming industries in Macau surged to $112 million, an increase of over 50 percent from the same period in 2023. The growth is primarily attributed to escalated spending by MICE visitors.

Daily Asia Gaming eBrief: TransAct sees cashless opportunities in gaming/non-gaming

Whereas cash used to be king, cashless is making moves to steal the crown. But opportunities still abound within both the gaming and non-gaming spheres, according to Transact Tech CRO Tracey Winslow.
00:05:03

Non-gaming cashless opportunities boosting gaming offerings: TransAct CRO

The shift to cashless is providing opportunities both within the gaming space and the non-gaming space, with TransAct Technologies poised to leverage its experience across multiple markets in Asia and abroad.

SJM makes culinary acquisitions to boost non-gaming offerings

SJM Holdings Limited has announced two strategic acquisitions to bolster its culinary portfolio and mass market appeal.

Non-gaming visitor spending in Macau up by 36% YoY in 1Q24

Non-gaming visitor spending in Macau reached $2.54 billion in the first quarter of 2024, a 36 percent increase yearly and a 20 percent rise compared to 1Q19. 

Newport World Resorts with new annual high in GGR for 2023, non-gaming booms

Newport World Resorts achieved a new annual high in gross gaming revenues in 2023, topping $600 million, with double-digit returns in its non-gaming revenue.

Non-gaming offerings to shield Genting from possible reduction in Chinese gamblers – Board of Directors

In a response to shareholders questions ahead of its board meeting, Genting Singapore stated that the improvement in Chinese arrivals is expected to contribute positively to its performance and touted future non-gaming offerings as a response to the warning issued by Chinese authorities for the country's citizens to avoid gaming in the city-state.

Daily Asia Gaming eBrief: Newport World Resorts targeting high-end play/non-gaming

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.
00:11:13

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.