Friday, January 22, 2021

Macau

Macau’s Q4 GGR at US$2.75 billion, mass market makes up bulk

Macau's gross gambling revenue in the fourth quarter of 2020 was MOP22 billion ($2.75 billion), with mass market baccarat and slots making up about 65 percent of the total, according to quarterly figures released by the Gaming Inspection and Coordination Bureau.

Everi’s David Lucchese appointed AGEM president

Everi Holdings has announced that David Lucchese, its executive vice-president of sales, marketing, and digital, has been appointed President of AGEM (Association of Gaming Equipment Manufacturers).
Morpheus, Macau

Moody’s sees slow 2021 start for Melco, rising debt

The New Year has brought little reprieve to Macau’s gaming operators, with analysts scaling back their expectations for the first half of 2021 amidst new outbreaks of Covid-19 across the region.

G2E Asia pushed back to August in Macau

G2E Asia said it is postponing its show in Macau until August 17-19 from its regular May slot due to Covid-19. The exhibition will take place in the Venetian.

Melco earnings recovery seen sluggish, debt rising: Moody’s

Melco Resorts & Entertainment's earnings outlook for 2021 remains sluggish due to the ongoing pandemic and movement restrictions, while its corporate debt is rising due to expansion plans, Moody's Investor Services says. 

Macau Gaming Service Index improves in Q4, staff smile more

Macau's Gaming Service Index improved by 17 points to 130 in the fourth quarter of 2020, with the survey finding staff were smiling more, up 41 points. The survey is compiled by the Macau Gaming Research Association.

Macau police indicts four over fake VIP gaming chips

Macau's Judiciary Police has announced that it has indicted four local residents for fraud over the sale of HK$1.47 million (US$189,790) in fake VIP gaming chips to two businessmen, while a fifth suspect remains at large.

Melco Resorts Finance prices offering of 5.375% senior notes

Melco Resorts Finance Limited has announced that it has priced its international offering of 5.375 percent senior notes due 2029.
Covid-19 precautions in Macau casinos

Macau operators to benefit from cost cuts, business mix in Q4

Lower operating costs and a better business mix are likely to have helped the bottom line of Macau’s operators in the fourth quarter, despite continued low revenues, Morgan Stanley says.

LVS leadership transition well planned, family to retain control: Bernstein

Las Vegas Sands management transition has been well anticipated and well planned and the company's executives are well positioned to maintain the broad strategy that has been in place, analysts at Bernstein said.
Life After Pogos

Life After POGOs – AGB Dossier

This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.

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

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 - Acquiring and Retaining iGaming Customers

Acquiring & Retaining iGaming Customers

In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
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.
asia gaming briefings Dec 20

Asia Gaming Briefings – Dec 2020 Edition

Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.
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.