Friday, April 26, 2019

Macau

19Q1 GGR falls slightly, led by VIP baccarat decline

VIP Baccarat revenue fell nearly 13.4 percent year-on-year in the first quarter of 2019, reaching MOP37.2 billion, according to data from the Gaming Inspection...

Bernstein lowers GGR growth estimates for April

Analysts at Bernstein have lowered their gross gaming revenue estimates for the month of April, due to materially worse than expected month-to-date revenue. According...

Meet the featured guests at the Gaming Reunion

The Asia Gaming Tree Reunion Dinner is pleased to introduce some of the featured guests who will be joining us in Macau on May 22 to share their experiences in Asia’s gaming industry. We are delighted to have Danilo Cuneta, Earle Hall...

Innovation takes the lead

Over recent years, the market demand of Electronic Gaming Machines (EGMs) in Macau has been growing steadily. Revenue from slot machines have increased by...

Melco launches sustainability strategy “Above & Beyond”

Casino operator Melco Resorts & Entertainment has announced the implementation of a new sustainability strategy - “Above and Beyond”, across its properties. According to a...

Macau Legend says impairment charge due to underperformance at MFW

Macau Legend has provided more information as to why it took an impairment charge of HK$681.9 million ($86.9 million) in its 2018 results, saying it was mostly due to slower-than-expected performance at its Macau Fisherman’s Wharf property.

Macau Q1 earnings likely to surprise to the downside: MS

The earnings of Macau’s six operators may produce some negative surprises amidst higher staff costs, higher reinvestment rates and slowing revenue growth, Morgan Stanley forecasts.

Macau suspicious transactions drop in Q1

The number of suspicious transaction reports in Macau fell by 23.1 percent in Q1, according to figures released by the Financial Intelligence Office.

Macau stricter with junkets, but more action needed

Macau is taking a more stringent approach towards regulating its junket operators, but more action is needed to prevent money laundering, an annual U.S. report found.

Suncity gets HK$1.5b loan from company owned by chairman

Suncity Group Holdings said a company owned by its chairman Alvin Chau has agreed to lend the junket operator HK$1.5 billion ($191 million) to...

TRENDING ARTICLES

Aristocrat establishes local Macau company

Australian gaming supplier Aristocrat has established a new limited liability company in Macau, Aristocrat Technologies Macau Limited, created in order to comply with “changes...

Singapore allows $9 billion IR expansion, but raises taxes, entry fees

Singapore has allowed the first major expansion of its integrated resort industry since its two IRs began operating, involving S$9 billion ($6.65 billion) new...

South Shore says no formal accord reached on gaming at The 13

South Shore Holdings said it hasn’t yet reached a formal accord to operate gaming facilities at the ultra-luxurious The 13 Hotel, though a memorandum...

Venue manager charged for failing to identify problem gambler

A gambling venue manager in New Zealand has become the first person in the country to be charged with failing to identify a problem...

Konami turns to AI for casino management system

Konami Gaming has turned to Berkeley, California-based GamingAnalytics.AI for the delivery of an analytics platform to customers worldwide who are already utilizing its SYNKROS...