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Regular Macau companies should follow recruitment policies imposed on gaming operators: Legislator

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A Macau legislator is calling for large companies outside the gaming industry to adopt recruitment policies similar to those applied for casino operators.

This initiative, pushed forward by Leong Sun Iok, a legislator from the Federation of Macau Workers’ Association, aims to align with the government’s target that residents of Macau fill at least 85 percent of management positions in gaming establishments.

In a recent interview with Exmoo newspaper, Leong emphasized that the Government should encourage businesses across various sectors to prioritize local talent, particularly for high-paying jobs.

In gaming concessionaires, the proportion of local professionals in middle or senior management positions was around 90 percent last year.

According to the Statistics and Census Service, management professionals in the gaming sector saw their earnings rise by 22.2 percent annually in 2024, achieving an average salary of MOP68,900 ($8,617).

Leong argued that the Executive should facilitate career advancement for local residents and improve access to better-paying positions, asserting that the responsibility for social welfare should not rest solely on gaming companies.

Despite Macau’s low unemployment rate, Leong noted that securing well-paying jobs remains a challenge for many locals.

Leong also addressed concerns regarding the workforce in the gaming sector, revealing that by the end of 2024, the total number of employees in gaming companies stood at 52,971. Although this figure reflects an annual increase of 1,200 workers, it marks a significant decline from 2019, when the workforce totaled 58,225.

This gap raises questions, particularly in light of the reported shortage of human resources in the sector. Leong noted that many workers are often required to work overtime, which he attributes to a modest salary increase of 2.5 percent last year.

Additionally, Leong highlighted the need for government intervention to facilitate the entry of newly graduated youths into the job market. He stressed that social responsibility should extend beyond gaming operators, especially when young, inexperienced individuals are denied job opportunities.

Former PH President Rodrigo Duterte arrested due to International Criminal Court warrant

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Former Philippine President Rodrigo Duterte, the proponent of the now banished POGO industry, has been arrested after the International Criminal Court (ICC) issued a warrant accusing him of crimes against humanity over his deadly “war on drugs”.

Duterte was arrested by police in Manila airport shortly after his arrival from Hong Kong, where he was campaigning for his senatorial slate in the upcoming May 12th mid-term elections.

The Duterte administration moved to suspend the global court’s investigation in late 2021 by arguing that Philippine authorities were already looking into the same allegations, arguing the ICC didn’t have jurisdiction.

Appeals judges at the ICC ruled in 2023 the investigation could resume and rejected the Duterte administration’s objections.

Based in The Hague, the Netherlands, the ICC can step in when countries are unwilling or unable to prosecute suspects in the most heinous international crimes, including genocide, war crimes and crimes against humanity.

As President of the Philippines (2016–2022), Duterte played a key role in the growth and regulation of the Philippine Offshore Gaming Operator (POGO) industry, which he saw as a way to boost government revenues.

A former mayor of one of the country’s largest cities, Duterte swept to power on the promise of a widespread crackdown against crime. Under his administration, POGOs flourished due to his relatively friendly stance toward Chinese investments.

The government saw the sector as a major revenue source, particularly from taxes and licensing fees and the Philippine Amusement and Gaming Corporation (PAGCOR), under Duterte, was tasked with licensing and regulating POGOs. However, enforcement was often inconsistent, leading to issues such as tax evasion and illegal operations.

Despite initially supporting the industry, Duterte later ordered crackdowns on illegal POGO activities, particularly amid growing concerns over crime, human trafficking, and national security risks.

State of the Nation Address, Philippines, Ferdinand Marcos Jr., Philippine president
In 2024, President Ferdinand Marcos Jr. issued a formal order banning POGOs

In 2021, his administration imposed higher taxes on POGOs, causing some operators to leave the country, but the industry would remain in place until current President Ferdinand Marcos Jr. issued a formal order banning the companies last year.

The President’s Executive Order cited national security and public order as the paramount reasons for closing down POGOs, which began to thrive during the previous administration but had increasingly been linked to organized crime.

The directive covered POGOs, IGLs (internet gaming licensees) and other offshore gaming operators that lack the necessary license, permit, or authorizations that are covered by the ongoing crackdown on illegal gambling.

The country has now set a new target to eliminate all illegal POGOs, many of which are operating on a smaller scale, by the end of the year.

Duterte’s daughter, Sara Duterte, is also the Philippines’ current vice-president and is tipped as a potential presidential candidate in 2028. However, in recent months, the Duterte family’s alliance with incumbent President Ferdinand Marcos unraveled.

On February 5th of this year, the Philippine House of Representatives impeached Vice President Sara Duterte due to several allegations, including her implied death threats towards President Marcos, irregularities in her use of office funds, unexplained wealth, incitement of sedition, abuse of power and betrayal of public trust.

Meanwhile, the government of President Marcos has indicated that Duterte could be handed over to the court, Reuters reported.

“Our law enforcers are ready to follow what law dictates, if the warrant of arrest needs to be served because of a request from Interpol,” Presidential Communications Undersecretary Claire Castro told reporters on Monday, according to Reuters.

Daily Asia Gaming eBrief: Bally’s makes bid for The Star

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Good morning. The sharks are circling. Bally’s Corporation is now the latest to make a bid for embattled The Star, offering $158 million to get a majority stake in the company. The US-based operator says that its proposal would be the “best alternative” for the Australian gaming operator, and could keep shareholders happy. Meanwhile, in Macau, the premium mass sector continues to grow. According to Citigroup, base mass is starting to erode, with spending power diminishing significantly, raising questions over long-term stability.

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Bally’s Corporation makes $158M bid for The Star

Just days after The Star announced that it would be selling off its stake in Queen’s Wharf Brisbane to its joint venture partners, the company has received an unsolicited bid from Bally’s Corporation, to the tune of $158 million. The company says the bid would be the “best alternative for The Star and its shareholders”.


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UU Wallet unveils comprehensive Digital Finance Solutions at ASEAN Gaming Summit 2025

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Malacañang optimistic about tourism revenue

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The Philippines leadership is optimistic that tourism revenue will continue to rise in the upcoming months, after January saw tourism revenues exceed pre-pandemic levels.

According to the Presidential Communications Office Undersecretary, tourism revenues reached $1.1 billion in January, and with improved immigration processes, continued growth within the sector is expected.

The official noted that the uptick “means foreign tourists are not afraid to visit our country”.

In January and February, the Philippines welcomed 1.1 million visitors, according to Department of Tourism data.

SkyCity and TAB requested limit to NZ online gambling licenses: report

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SkyCity Entertainment Group and TAB both wrote to New Zealand ministers, opposing the government’s plan to open up the online gambling market to 15 operators.

According to reports, SkyCity requested that only five online gaming licenses be issued and be restricted to operators with a domestic presence.

The group cited possible income tax avoidance if operators were not based in New Zealand.

According to RNZ, Internal Affairs Minister Brooke van Velden rejected the appeal, noting that “I’m here to ensure that we have a fair marketplace and a fair, regulated market”.

She furthered “I think it’s fair just to allow anybody to bid for one of the licenses, rather than try and say, just because you’re here and you’ve been established for years in New Zealand, you’re necessarily a better operator”.

TAB Chief Executive Nick Roberts also reportedly wrote to the Racing Minister saying that 10 or more licenses would equate to an open market.

The executive claimed that this “threatens the viability of all domestic gambling operators for the benefit of offshore multinational organizations”.

TAB also said this could put “at risk” the “funding streams for racing and sport”.

The company requested that between five and seven licenses be granted to New Zealand-based companies, saying otherwise there would be “multinational domination over NZ’s existing operators”.

Macau’s premium mass thrives while base mass shows signs of strain: Citigroup 

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Macau’s gaming landscape appears to be telling a tale of two segments, according to a recent Citigroup table survey.

While the premium mass sector demonstrates robust growth, the base mass market is showing signs of sluggishness, highlighting a potential divergence in the fortunes of these key components of Macau’s gaming industry.

The Citigroup survey, conducted by analysts George Choi and Timothy Chau, affirms a continued expansion of the premium mass segment.

The monthly table survey notes that the total wager in this segment rose to HK$11.4 million ($1.46 million), a 13 percent increase compared to HK$10.0 million ($1.28 million) in March 2024. This growth is primarily attributed to a significant rise in player numbers. ‘The number of premium mass players seen amounted to 645, 34 percent higher vs. Mar-24,’ the survey states.

However, the analysts point out an interesting nuance within the premium mass data. While the number of players increased substantially, the average wager per player decreased. ‘The lower average wager per player from our latest survey likely indicates that not all of the new incremental players are whales,’ Choi and Chau explain.

Despite this dilution of the average wager, the overall trend remains positive. ‘More importantly,’ they add, ‘the higher number of premium mass players more than offset the lower average wager, translating into higher total wager (+13 percent YoY in our survey).’ This indicates that the influx of new premium mass players is driving growth, even if not all are high-rollers.

In stark contrast to the premium mass segment, the base mass market appears to be facing headwinds. The Citigroup survey reveals a concerning trend: ‘The 9 percent YoY lower average minimum bet suggests that spending power among base mass players has declined.’ This decline in average minimum bet points to a potential decrease in the spending capacity of more budget-conscious gamblers, a segment that has traditionally been a cornerstone of Macau’s gaming revenue.

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The survey also provides an update on the adoption of smart table technology in Macau’s casinos, a trend that is transforming operations and data collection.

According to the findings, ‘City of Dreams has become 100 percent smart in its mass baccarat operations, making Melco the fifth operator with full smart table deployment.’ 

Furthermore, the analysts observed ‘smart tables throughout the entire mass floors at Grand Lisboa,’ indicating a wider implementation of this technology across different casino operators. This increasing adoption of smart tables signals a move toward greater efficiency and enhanced data analytics within the Macau gaming sector.

Choi and Chau, in their analysis, emphasize the divergence between these two segments. While the premium mass segment is characterized by growth and an expanding player base, the base mass market is grappling with declining spending power. This disparity raises questions about the long-term sustainability of the base mass segment and the potential need for casinos to adapt their strategies.

Despite these mixed signals, the analysts are maintaining a cautious outlook. Citigroup has kept its March GGR forecast unchanged at MOP19.5 billion ($2.42 billion), which is flat compared to the same month last year. The projection suggests a period of stability despite the contrasting performance of the premium mass and base mass segments.

The Star receives unsolicited $158M proposal from Bally’s Corporation 

Embattled Australian casino operator, The Star Entertainment Group, has confirmed receiving an unsolicited, non-binding proposal from Bally’s Corporation for additional funding.

The proposal, submitted on Monday, comes just days after The Star announced it had entered into a binding agreement to sell its 50 percent stake in the Queen’s Wharf project in Brisbane to Far East Consortium International and Chow Tai Fook Enterprises

According to The Star’s filing, Bally’s proposal outlines plans for The Star to issue convertible notes that would be subordinated to its existing senior lenders. These notes would be convertible into a controlling 50.1 percent of The Star’s fully diluted ordinary shares.

Bally’s has indicated its willingness to underwrite the entire AU$250 million ($158 million) capital raise while allowing The Star’s existing shareholders to participate significantly on a pro rata basis.

In a letter addressed to Star Entertainment Group, Bally’s Chairman Soo Kim emphasized that the company sees this investment as a strategic opportunity to restore The Star’s financial stability and enhance long-term growth.

The Star
Bally’s Chairman Soo Kim

“We firmly believe that our approach—of new long-term capital plus operational track record—will unlock the best alternative for The Star and its shareholders,” Soo Kim stated.

The letter highlighted Bally’s extensive experience in casino operations, detailing its ownership of 19 casinos across 11 US states, its significant presence in the UK and Spain’s gaming sectors, and its ongoing projects in Las Vegas and Chicago. Soo Kim underlined that Bally’s has a track record of successfully improving over 20 individual properties in various challenging environments.

Bally’s has also assured that its proposal is fully funded and not contingent on any financing conditions, noting that as of December 31, 2024, the company had $171 million in cash and access to a $620 million revolving credit facility.

The Star’s Board is now reviewing Bally’s proposal but cautioned that there is no certainty the offer will proceed further. The letter expressed Bally’s readiness to engage with regulators, creditors, and other stakeholders to facilitate a smooth process.

While Bally’s acknowledged The Star’s recent asset sale, Soo Kim emphasized that Bally’s proposal would offer “far greater value and operational flexibility,” preserving The Star’s businesses, assets, and platforms.

“Our strategy for The Star is built on the simple premise that retaining the company’s current businesses, assets, and platforms will provide a stronger and more successful business over time,” Soo Kim wrote.

The Star has yet to respond to Bally’s offer.

Macau police arrest woman for VIP room investment scam

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A mainland Chinese woman has been arrested by the Judiciary Police (PJ) in connection with an alleged VIP room investment scam.

According to local media, the suspect, a 43-year-old unemployed woman, reportedly persuaded her friend to invest in a VIP room located in a Cotai casino, promising a 4 percent monthly return.

The victim, after being shown around a VIP room, transferred a total of RMB1.54 million ($212,900) to the suspect between May and September of last year.

Initially, the victim received RMB167,000 ($23,085) in returns. However, when the victim learned that the suspect was experiencing financial difficulties and requested a refund, the suspect delayed the repayment.

Suspecting fraud, the victim reported the case to the Judiciary Police. The victim is said to have lost RMB 1.38 million ($190,800) after being misled into posing as a shareholder in a casino VIP room in Cotai.

During the investigation, police discovered that the woman was carrying a forged Hong Kong identity card, which she had purchased for RMB1,000 ($138) to gain the trust of her targets.

The suspect was apprehended at the Hong Kong-Zhuhai-Macau Bridge port on March 7th while attempting to enter Macau.

According to the authorities, the suspect is now facing charges of large-scale fraud, document forgery, and possession of forged documents. The case has been transferred to the Public Prosecutions Office.

LET Group names Suntrust CTO as executive director

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Hong Kong-listed LET Group Holdings has appointed Suntrust Resort Holdings’ Chief Technology Officer, Lam Hung Tuan, as its new executive director, effective March 10th, 2025. 

Suntrust, a subsidiary of LET Group, is a Philippine gaming operator currently developing the $1.1 billion Westside City project in the Metro Manila. 

The appointment was announced in a stock filing released after trading hours on Monday. 

LET Group has also appointed two returning board members, Tou Kin Chuen and Lo Wai Tung John, as independent non-executive directors. Tou Kin Chuen will chair the Audit Committee, while Lo Wai Tung John, who has a strong background in the securities and finance industry, will lead the Remuneration Committee. 

Additionally, Chan Suet Ngan, with over 23 years of experience in accounting, finance, and company secretariat roles, will chair the Nomination and Risk Management Committees. 

Meanwhile, Lo Kai Bong has resigned as a member and chairman of the Risk Management Committee. 

Following the resignation of independent non-executive director Kwok Kai Bun Bennie on November 11th, 2024, LET Group had been operating without a replacement for the role while actively seeking suitable candidates. 

Although a new independent non-executive director has recently been appointed, the company still faces the risk of delisting, as certain requirements remain unmet. Trading in the company’s shares has been suspended since February 14th, 2024, and will remain so until all resumption conditions are fulfilled.

1xBet throws an exclusive celebration for its partners in Cape Town

The global betting company 1xBet is set to host an extraordinary Pop-art Luxury-themed party as part of SiGMA Africa 2025, the premier regional forum for the iGaming industry.

The ART OF MONEY will run under the motto “A place where art and excitement meet” this Tuesday, March 11, in one of the best locations in Cape Town, Rooftop of Bree. 

The ART OF MONEY event will become a symbiosis of art and excitement. This evening will bring together leaders, visionaries, and those who are already creating the future of the iGaming industry today. The party will be an ideal platform for casual communication and expanding professional networking.

Neon installations, graffiti by leading artists, and fiery DJ sets will create a unique vibe of audacity and glamour. The Rooftop of Bree’s walls have never seen anything like this. The event will have several themed photo zones symbolizing wealth and excitement.

The party will feature various activities: darts, 1X cash booths, and master classes. The right tone for the celebration will be arranged by musical accompaniment. DJ sets and favorite hits performed by cover bands will create an unforgettable atmosphere. After fiery dancing, you can relax in the lounge area or get a boost of drive at the bar. Bartenders will put on a real show and prepare a cocktail of bright emotions for guests.

The celebration will culminate in an auction of unique prizes that guests can buy for the currency earned during the party. The lucky ones will receive brand-new iPhones and AirPods. No one will leave the event empty-handed – at the end of the evening, everyone will get cool gifts!