Saturday, November 28, 2020

Macau

SJM’s Grand Lisboa may hit 50% occupancy in Dec.

Grand Lisboa’s occupancy rate could reach about 50 per cent next month, its manager, Henry Kong Fuk Leung, said, explaining that Mainland Chinese may be attracted by the more festive atmosphere in Macau.
VIP gaming room

Macau VIP sector losing further ground

There have been some positive reports this week, talking about optimism over Macau’s medium-term future, led by the premium mass and mass markets.

Macau MICE events on the recovery path

Information from the Statistics and Census Service (DSEC) indicated that the number of MICE events held in the third quarter of 2020 increased by 25 quarter-to-quarter to 63; and the total number of participants and attendees jumped by 1,281 percent to 297,000. Nevertheless, the figures for MICE events and participants and attendees still recorded sharp decreases on a year-on-year basis.

Wynn Resorts promotes digitization of Macau SMEs

Wynn Resorts hosted the 2020 Wynn Local SME Procurement Partnership Meeting and E-Commerce Forum this week in Macau, aiming to serve as a starting point for the digital transformation and upgrade of local small-and-medium-sized enterprises.

Century Entertainment record six-month loss of US$800,000

Century Entertainment International Holdings has reported to the Hong Kong Stock Exchange its financial results for the April-September 2020 period. In this six-month stretch, the firm had losses of approximately HK$6.2 million (US$800,000).
Resorts World Genting

Outlook brightens from H2, Fitch says

Jurisdictions benefiting from local support will continue to outperform in the first half of next year, with destination markets such as Singapore, Macau and Las Vegas, likely to begin a faster pace of recovery in the second half once vaccines become more widely available, Fitch Ratings said.

Emperor Entertainment reports six-month revenues down 86.3%

Emperor Entertainment, which operates the Grand Emperor Hotel and the Inn Hotel Macau, has reported revenues at nearly HK$93 million (US$12.1 million) for the April-September six-month period, a figure which was down 86.3 percent year-on-year.

Pandemic reducing number of non-resident workers in Macau

The number of non-residents workers employed by Macau’s hotel, F&B, gaming, and entertainment sectors dropped by 13.5 percent between January and October of this year to about 61,000, according to data published by the Labour Affairs Bureau (DSAL).

VIP won’t recover for foreseeable future: Bernstein

Macau's VIP market won't fully recovery any time in the foreseeable future and gross gambling revenue in 2023 is still expected to be lower than the levels of 2015, Bernstein Research said in a note.

Levo Chan boosts stake in Macau Legend to over 33%

Levo Chan, CEO of junket promoting firm Tak Chun Group, has increased his stake in Macau Legend Development to 33.19 percent, consolidating his position as the leading shareholder, even as changes are made to the composition of the board.
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. 

Instant and secure deposits

AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.

Australian market report: How to adapt to the new normal

Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...

Life After POGOs – AGB Pop-Up Forum

The Philippines and Asia's online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
AGB Webinar Attracting Players, Not Fraudsters

Attracting players, not fraudsters

With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.
Winning The Future Chinese Tourist

Winning the Chinese Tourist & China Tourism Blacklist

The AGB Webinar hears from Professor Wolfgang Arlt of COTRI, Shirley Tam of Okada Manila and Desmond Lam of UMAC to discuss future expectations...
gaming webinar south korea

South Korea Casino Recovery

The fifth edition of the AGB Webinar Series will take you to South Korea, one of the first countries to reopen their gaming industry...

Betting on Sports America

SBC Awards 2020

Sigma Malta Show

SIGMA Malta

Sigma Malta Show

SIGMA Manila

news, macau, gambling

Asia Gaming Briefings – Nov 2020 Edition

While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
asia gaming briefings OCT 20

Asia Gaming Briefings – Oct 2020 Edition

Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
asia gaming briefings Sep 20

Asia Gaming Briefings – Sep 2020 Edition

IN FOCUS: SPORTS BETTING Ball games bounce back. Major sporting events are slowly ramping up around the world and with them the drama and surprises, not all of them good for sports betting operators.