Sunday, April 18, 2021

Macau

Macau, GGR, infographic, forecast

Macau gaming industry recovery underway [Infographic]

Whilst first quarter GGR in 2021 still showed negative year-on-year growth, the truth is that the Macau gross gaming revenue recovery is well and truly underway. 

Macau GGR still weaker-than-expected: Bernstein

The Macau gross gambling revenue rose 16 percent in the second week of April from the prior week, but was still softer than expected, according to Bernstein Research.
Macau

Macau Q1 consensus estimates likely too high: MS

Consensus estimates for Q1 earnings at Macau’s six operators may be too high, with corporate EBITDA likely to be lower than the prior quarter due to an uneven recovery and higher expenses, Morgan Stanley says.

Melco’s Studio City gets sustainability award

Melco Resorts & Entertainment said its Studio City Phase 2 has been named winner of the ‘Regional Award, Asia’ at the BREEAM Awards, which recognize significant achievements in sustainable development. 
Macau tourists

UM forecasts Macau GDP growth of 21% in 2021

The University of Macau expects Macau’s GDP to grow by between 21.4 and 33.5 percent in 2021, should annual tourist numbers surge back to between 13.8 and 21.7 million. 
Denise Chen, Melco Resorts

Interview with Denise Chen: How Melco is making sustainability pay [video]

Melco Resorts & Entertainment’s Chief Sustainability Officer, Denise Chen, speaks with Asia Gaming Brief Managing Editor Sharon Singleton about some of the initiatives the group’s integrated resorts are taking to reduce their impact on the environment. She explains that what’s good for the planet can also pay off on the bottom line.
Cotai strip, Macau

Macau’s U.S. operators still credit solid despite Covid

Moody’s Investors Service has completed a periodic review of Macau’s three U.S. operators, commenting that liquidity is relatively good and their long-term prospects are credit solid despite the hit from Covid.

The 13 sells off Rolls Royce Phantom to help cash flow

South Shore Holdings, the owner of the ultra luxury The 13 hotel in Macau, said it has sold off one of its customised Rolls Royce Phantom cars for HK$3.4 million ($449,664) to help with cash flow.

Melco Intl. grants $10m in shares to Lawrence Ho

Melco International Development said it has granted restricted shares worth just over $10 million to Chairman and CEO Lawrence Ho as an incentive to strive for the improvement of the business.
Tree

Gaming industry responsible for 62% of Macau carbon emissions

The Macau gaming industry is responsible for 62 percent of the territory's carbon emissions, according to a university study indication emissions have been rising sharply.
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.
Asia Gaming Briefings, april 2021

Asia Gaming Briefings – April 2021 Edition

In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
Agbriefings February 21

Asia Gaming Briefings – Feb 2021 Edition

The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
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.