Friday, December 4, 2020
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AGBrief Editorial

Digital yuan to hit Macau’s VIP industry

The potential introduction of a digital yuan into Macau would be the final straw for the junket industry, which is already shrinking and diversifying its business model, Bloomberg reports. 

Macau November GGR falls 70.5 percent

Macau's gross gambling revenue fell 70.5 percent year-on-year in November to MOP22.87 billion and was also down on the prior month, which brought in MOP26.44 billion.

Tak Chun offers payments for voluntary staff exits

The Tak Chun Group said it has been offering "ex-gratia" payments to staff who voluntarily leave the company for a limited time. "We believe that this scheme offers our staff a viable option for planning ahead under the current market condition," it said.

Singapore’s MBS visited twice by Covid carriers

Singapore's Marina Bay Sands has been visited twice in the past two weeks by known Covid-19 cases during their infectious period, according to the Ministry of Health.

Australian health bodies urge Crown Perth to go smoke free

The Australian Medical Association (WA), Australian Council on Smoking and Health WA and Cancer Council WA are calling on Crown Perth to make its high-roller gaming areas at the casino entirely smoke-free. The group has stopped smoking in its Melbourne casino VIP areas for a period of two weeks to help prevent the spread of Covid-19.

Saipan gambling industry not likely raising red flags for China

Saipan is unlikely to be on China's blacklist for targeting its nationals for gambling as the industry is relatively small and unlikely to raise red flags, said Donald Browne, CEO of Imperial Pacific, the island's only operator.

Philippines senator calls for end to visa on arrival for Chinese

Philippines Senator Risa Hontiveros has called on the Bureau of Immigration to suspend the visa upon arrival scheme for Chinese nationals, citing reports from the national police suggesting the scheme boosts kidnappings related to Chinese casino players.

Macau economy to shrink by 56.8%

Secretary for Economy and Finance Lei Wai Nong has said Macau's economy is likely to shrink by 56.8 percent this year. That's slightly better than earlier estimates for a decline of 60.9 percent.

RGB sees slow recovery, posts narrower Q3 loss

RGB International, a Malaysian gambling supplier, said it sees a slow recovery for gaming in Asia, but remains cautious for the rest of the year. The company posted a loss of MYR12.4 million in Q3, narrowing from MYR14.4 million the prior quarter.

Kingston Financial reports Macau gaming operations swing to loss

Kingston Financial posted HK$13.5 million loss from its Macau gaming business in the six months to end-September, down 106 percent from the prior-year period. The group also announced it is extending its casino service contract with SJM Holdings for a further two years to June 2022.
Solid Gaming

Knowledge trumps content in Asia’s complex i-gaming world

In Asia’s complex and diverse igaming landscape, having the right content means business success only if one more key ingredient is included - market knowledge. 

Australian market report: How to adapt to the new normal

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Cruise Ships Crisis

Cruise industry struggles with Covid comeback

As the world struggles to get back to its feet, the Covid-19 pandemic has left the cruise community wondering if things will ever get back to the way they were before.

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Macau gaming law revision not likely until late 2021

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Can staycations save Christmas?

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Interview with Don Carducci: How suppliers are filling revenue gaps [video]

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Royal Caribbean begins cruises to nowhere from Singapore

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