Wednesday, July 17, 2024

Matt Ballesty

Matt Ballesty
Matt Ballesty is a strategic and results-oriented business expert with 30 years of global experience in leadership and operations management within highly regulated and complex environments. Possesses intimate knowledge on the operations and management of an integrated resort property with the ability to adapt to different jurisdictions. Currently, Matt is the Managing Director of Three Points Consulting, a gaming and hospitality consultancy company providing expert and strategic advice to boards, management, investors and regulators.


Philippines’ Suntrust appoints Andrew Lo as new president 

Suntrust Resort Holdings has named Andrew Lo Kai Bong as its new President, succeeding David Chua Ming Huat, who has retired. The announcement came through a filing with the Philippines Stock Exchange on Tuesday.

Macau receives 16.7M visitors in 1H24, 83 percent of pre-COVID levels

Macau welcomed approximately 16.73 million visitors from January to June 2024.

Thailand IR legislation could be finalized in 4Q24: Thai Deputy Tourism Minister

The legislation for the advancement of integrated resorts in Thailand could be finalized in the last quarter of 2024 with a government commission to be established in early 2025, the Thai Deputy Tourism Minister Jakkaphon Tangsutthitham predicted.

Philippines tycoon Manuel Villar to open his first casino next year

Tycoon Manuel Villar Jr., considered the Philippines country's richest man, is set to open his first casino next year, marking his foray into the gaming sector.

The Star shuts down all EGMs and ETGs due to ‘system issues’

The Star Entertainment Group has switched off all of its Electronic Gaming Machines and Electronic Table Games at three properties from July 13th due to ‘system performance issues’.

Majority of Macau players employ legitimate fund transfer methods: Citigroup

The robust gaming demand in Macau justifies the view that concerns over a crackdown on illegal money flows are overdone, according to Citigroup.

Seized POGO hubs could be used by the Philippine government

Buildings seized from illegal Philippine Offshore Gaming Operators (POGOs) could potentially be repurposed for use by government agencies following civil forfeiture cases.

SkyCity Entertainment welcomes new CEO as strategic overhaul begins

SkyCity Entertainment Group in New Zealand has announced that Jason Walbridge has begun his tenure as the company's new CEO.

Hong Kong Jockey Club’s turnover down 4.5% to $17.3B in 2023/24

The Hong Kong Jockey Club reported a total turnover of HK$134.7 billion ($17.3 billion) for 2023/24 Season, slightly down 4.5 percent from HK$141.1 billion ($18.1 billion) in the previous year.

Okada Manila’s 2Q24 GGR drops 21.8% due to VIP and slot decline

Tiger Resort, Leisure and Entertainment Inc., the operator of Okada Manila in the Philippines, disclosed GGR of $194 million for 2Q24, marking a 21.8 percent decrease largely attributed to declines in VIP and gaming machines.

Philippines Senate orders arrest of ‘POGO Mayor’ Alice Guo 

The Office of the Philippines’ Senate Sergeant at Arms (OSAA) deployed four teams to execute arrest warrants for suspended Bamban, Tarlac Mayor Alice Guo and seven others. 

Star Entertainment receives approval for CFO and Sydney Casino CEO appointments

Australian gaming operator The Star Entertainment Group Limited has announced the regulatory approval of two key leadership positions within the company.

PAGCOR announces significant net income growth for first half of 2024

The Philippine Amusement and Gaming Corporation (PAGCOR) has reported a substantial increase in its net income for the first half of 2024, reaching PHP6.56 billion ($112.34 million).

Curacao reopens its gambling licensing portal

The Curacao Gaming Control Board (GCB) is re-opening is online portal for gambling license applications on the 15th of July.

Macau 2Q24 hotel price index declines by 21% QoQ

Despite the May Day Golden Week falling in the second quarter, typically a period of high demand for hotel rooms, the price index of accommodation in Macau declined by 21.08 percent quarter-on-quarter in 2Q24, according to information from the Statistics and Census Service (DSEC).

Philippines court freezes assets of “POGO Mayor” Alice Guo

The Philippines’ Anti-Money Laundering Council (AMLC) has obtained a freeze order from the Court of Appeals on the assets of suspended Mayor Alice Guo and other individuals allegedly involved in the illegal activities of POGO.

40th Asian Racing Conference to focus on Japanese racing

The 40th Asian Racing Conference (ARC) will take place between August 27th and September 1st in Sapporo, Japan, and will feature an extensive program centered on Japanese racing breeding, business leaders and key stakeholders.

Queensland pubs and clubs gaming revenue with 7.9% yearly increase in June 2024

The release of Queensland’s pubs and clubs gaming data for June 2024 revealed a robust performance for the gaming venues, with total gross revenue experiencing a 7.9 percent increase from the same month in the previous year.

Thai integrated resorts: Bangkok’s Khlong Toei to rival Singapore’s Marina Bay

The proposed Khlong Toei Entertainment Complex in Bangkok may anchor a 376-hectare site redevelopment in the nation's capital.

PH Resorts continues to talk with investors over Emerald Bay, no signed deals

PH Resorts has announced that has not yet signed any agreements with potential investors for the completion of its Emerald Bay project in Mactan, Philippines.