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SJM presents ‘The Legend of Macau Experience Tour’ for Southeast Asian tourists

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SJM Resorts, S.A. (“SJM”) hosted “The Legend of Macau Experience Tour” last month, in another initiative to support the Macao SAR Government’s efforts to diversify its international tourism market.

This 3-day familiarisation tour welcomed approximately 40 tourism industry representatives from Singapore, Malaysia, Thailand, and Indonesia. Participants experienced a blend of tradition and innovative facilities at SJM’s flagship property, the Grand Lisboa Palace Resort Macau and explored iconic landmarks within Macau peninsula.

Grand Lisboa Palace Resort Macau
Grand Lisboa Palace Resort Macau

This curated itinerary showcased Macau’s unique fusion of Eastern and Western cultures, highlighting its vibrant “Tourism+” elements and polishing Macau’s “golden business card” as an international metropolis. SJM hopes to strengthen industry partnerships, explore future collaborations and attract more international visitors to Macau by providing first-hand exposure to exceptional offerings and services. 

Ms. Daisy Ho, Managing Director of SJM, stated: “In recent years, the growing number of visitors from Southeast Asia has highlighted the immense potential of this market as a key driver for Macau’s tourism development. This familiarisation tour provided SJM with a valuable platform to showcase Macau’s diverse and dynamic ‘Tourism+’ offerings.”

“Through direct engagement and meaningful exchanges with industry professionals, we gained insights into the specific needs of their local markets. These insights will help us craft more unique travel experiences, attracting more visitors to Macau and inviting them to explore the captivating charm of the ‘World Centre of Tourism and Leisure.’”

SJM orchestrated a captivating and diverse experiential tour for representatives from prominent travel agencies, tour operators, airlines, and MICE planning firms. Through enjoying exquisite Chinese cuisine at the two-MICHELIN-starred “The Eight,” Portuguese delicacies at the contemporary “Mesa by José Avillez,” global cuisine at “The Grand Buffet” and more, delegates were impressed with Macau’s extraordinary charm as a “Creative City of Gastronomy.”

SJM Presents 'The Legend of Macau Experience Tour' for Southeast Asian tourists
Mesa by José Avillez

Beyond gastronomy, the representatives experienced Macau’s diverse tourism elements like sports, advanced technology, art and creativity, and Chinese culture through SJM’s innovative themed amusements, including the Martial Arts Arena, AI Wonderland, GLP Arte, the festive Snoopy Winter Holidays, the immersive “SJM presents: Macau Art City · Naked Ocean,” and FORTUNE REALMS: Pop-Up Museum of Chinese Culture & Arts (Macau Station). 

Delegates also embarked on a captivating journey through San Ma Lo district, where the fusion of Eastern and Western architecture vividly illustrated Macau’s unique history and heritage. They purchased distinctive souvenirs at cultural and creative shops and indulged in delicious local fare, immersing themselves in the vibrant atmosphere. 

Iconic landmarks, including the Grand Lisboa, Hotel Lisboa, Ponte 16, and Kam Pek Market, offered further glimpses into Macau’s prosperity and stunning urban landscape. Delegates expressed that this trip offered valuable insights into Macau’s culture and tourism strengths, inspiring them to share Macau’s stories and effectively promote the city to more visitors.

Southeast Asia has long been a key pillar of international visitor markets for both Macau and SJM, with Malaysia, Indonesia, Singapore, and Thailand among the top source markets to SJM’s hotel portfolio. Recognizing the region’s strategic importance, SJM has actively engaged with industry stakeholders in 2024 through initiatives such as Macao Government Tourism Office’s (“MGTO”) Experience Macau roadshows and SJM’s own Legend of Macau campaigns.

Looking ahead, SJM will continue to work closely with the Macau Government and industry partners to expand international visitor markets. Aligned with the “1+4” strategy for moderately diversified development and the “Tourism+” integrated development initiatives, SJM remains committed to driving innovative exchanges and promotional activities to unlock broader market opportunities and sustain the long-term prosperity of Macau’s tourism industry. 

IGT secures Top MSCI ESG rating of AAA for second consecutive year

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International Game Technology PLC (“IGT“), a global leader in gaming delivering entertaining and responsible gaming experiences for players across all channels, has announced that it maintained the highest MSCI ESG rating of AAA for the second consecutive year.

This rating demonstrates IGT’s continued sustainability leadership in managing ESG-related risks and opportunities. IGT scored particularly well in the categories of governance, product safety and quality, carbon emissions and labor management.

“IGT achieving the MSCI AAA ESG rating for a second year in a row validates our ongoing sustainability efforts and reaffirms our status as an industry leader in this space,” said Wendy Montgomery, IGT SVP, Marketing, Communications and Sustainability. “This AAA rating from MSCI recognizes the success of our Sustainable Play initiatives and serves as motivation to continue valuing and protecting our people, advancing responsibility, supporting our communities and fostering sustainable operations.”

Wendy Montgomery, IGT SVP, Marketing, Communications and Sustainability
Wendy Montgomery, SVP of Marketing, Communications & Sustainability at IGT

MSCI ESG Ratings aim to measure a company’s resilience to long-term, financially relevant ESG risks. Companies are scored on an industry-relative AAA-CCC scale according to their exposure to ESG risks and how well they manage those risks.

MSCI ESG Research provides in-depth research, ratings and analysis of the environmental, social and governance-related business practices of thousands of companies worldwide. MSCI’s research is designed to provide critical insights that can help institutional investors identify risks and opportunities that traditional investment research may overlook. The MSCI ESG Ratings are also used in the construction of the MSCI ESG Indexes, produced by MSCI, Inc.

Light & Wonder releases Player Engagement suite in collaboration with PENN Entertainment

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Light & Wonder, a leading player in the global gaming industry, has teamed up with PENN Entertainment (“PENN”) to launch its new player engagement product portfolio on PENN’s online Hollywood Casino product in Michigan. This portfolio of tools includes Light & Wonder’s new WONDER DROPS™ jackpot mechanic. 

Under the agreement, PENN gains exclusive access to the new player engagement tools ahead of Light & Wonder’s global rollout. This includes the flexible Wonder Drops system which provides operators with the ability to offer progressive or static cash prizes, layered on top of any game across Light & Wonder’s network catalogue.

Penn Entertainment, Hollywood Casino

The Light & Wonder suite of player engagement tools also encompasses a range of features such as Free Rounds and Multiplayer Games, with additional tools including tournaments, Hot Seats, and daily free games set to go live in the coming months. 

Robert Hays, Chief Commercial Officer of iGaming at Light & Wonder, said: “Launching the Wonder Drops marketing jackpots system with Hollywood Casino in Michigan is a key step in our strategy to offer operators a flexible system that provides for innovative and engaging gaming experiences. We believe this strategy will redefine how players all over the world interact with the content we offer.” 

Jason Birney, Vice President of Interactive Operations at Penn Entertainment, said: “We’re pleased to be the first operator to launch Light & Wonder’s player engagement portfolio. Gaining access to these tools enhances our ability to creatively engage our players in Michigan by adding unique elements to the popular Light & Wonder games on Hollywood Casino that they already know and love.”

3 Oaks Gaming expands into Portugal through Betclic partnership

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3 Oaks Gaming, an established distributor of iGaming content, has secured a major partnership with Betclic that marks the company’s entry into the Portuguese iGaming market.

As part of this collaboration, Betclic.pt players will have access to a selection of the supplier’s most popular slot titles, including Aztec FireGrab the Gold, and More Magic Apple, bringing fresh content to one of Portugal’s most established online gaming brands.

Betclic was the first operator to secure a Portuguese online betting licence in 2016 and continues to be a leading entity in the region’s iGaming market. By 2029, Portugal’s online gaming user base is anticipated to exceed 800,000 players, driving market revenue projections to €969.40 million, according to Statista.

3 Oaks Gaming’s content is being integrated with Betclic through IGT PlayDigital. The platform grants operators access to a wide variety of suppliers and offers comprehensive player engagement and loyalty tools—all from a single integration.

In preparation for this market entry, 3 Oaks Gaming certified 40 games from its portfolio earlier this year to meet the stringent regulatory standards set by the Serviço de Regulação e Inspeção de Jogos Turismo de Portugal (SRIJ).

This partnership is part of the company’s ongoing global expansion strategy, underscoring its commitment to reaching new, regulated markets and introducing its diverse portfolio to a broader international audience.

Yuriy Muratov, Chief Commercial Officer at 3 Oaks Gaming, said: “We are thrilled to partner with Betclic, a recognized leader in Portugal’s online gaming sector. This collaboration aligns seamlessly with our growth strategy, allowing us to expand our reach into one of Europe’s key regulated markets thanks to IGT PlayDigital’s platform.”

Marc Burroughes, Senior Director of Aggregation at IGT PlayDigital, commented: “IGT Play Digital Aggregation are proud to make this partnership happen and at the same time contribute to 3 Oaks Gaming’s market expansion in Portugal.”

Tom Horn Gaming reveals fresh branding ahead of ICE Barcelona

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Leading iGaming software supplier Tom Horn Gaming has unveiled its new logo and reimagined branding, marking a dynamic new chapter in the company’s journey.

Inspired by the shield and the cherry, the new logo captures the essence of Tom Horn Gaming as more than just an iGaming software company. It symbolises its passion for gaming and entertainment while underscoring its commitment to responsible gaming and innovation that partners and players can trust and benefit from.

The visual duality of the lush cherry and sturdy shield showcases the multi-dimensional nature of the Tom Horn brand – from its strong market presence, and diverse product offering to the multicultural spirit of its team. The new brand stands as a unique blend of tradition and innovation, balancing the seriousness of security with the excitement of delivering fun-filled gaming experiences.

“Our new logo, The Shield & The Cherry, is more than just a visual update. It tells a story – a reflection of our vision, values, and the experiences we create. A blend of emotions and innovation. It represents our commitment to delivering cutting-edge solutions and engaging experiences for partners and players worldwide.”

Tom Horn Gaming

Rooted in originality, the logo remains connected to the traditions and legacy of gaming. Its striking design and symbolic message position it to stand out in the 

competitive iGaming landscape, attracting new players and partners while honouring the excellence Tom Horn Gaming is known for.

Visitors to ICE Barcelona are invited to discover the supplier’s new identity and learn more about the company’s future plans at Booth 2B32.

“POGO Mayor” Alice Guo and co-accused facing 62 counts of money laundering

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The Philippines’ Department of Justice (DOJ) has approved the filing of 62 counts of money laundering charges against “POGO Mayor” Alice Guo and 31 others, linked to a Philippine Offshore Gaming Operator (POGO) in Bamban, Tarlac.

According to the Philippine News Agency, a DOJ spokersperson indicated that Guo individually is facing 26 counts of money laundering under the nation’s money laundering act (AMLA), linked to transactions said to be illegal proceeds of illegal activity.

Authorities recommend that Guo also be charged with five other countrs of money laundering linked to the ‘conversion, transfer, or disposition of movement of monetary instruments found to be illegal proceeds of an unlawful activity’.

Further recommendations of legal violations have also been recommended against both Guo and the others accused.

A separate charge against lawyer Jason Masuerte, Nancy Gamo and Cassie Li Ong for aiding and abetting money laundering offenses were dropped.

The DOJ spokesperson indicated that “it was dismissed on the basis of lack of prima facie evidence and reasonable certainty of conviction”.

The official also revealed that the panel of prosecutors had found that the POGO operations included scams, such as crypto, investment and love scams, noting that “that is where they earned money, and used the proceeds to purchase assets”.

Guo had previously faced charges for human trafficking, following a raid on the POGO hub in Bamban.

Authorities are further investigating alleged links to corporate fraud and drug syndicates.

Guo has been detained since September, after attempting to flee to Indonesia, where she was detained and repatriated to face sentencing.

Tabcorp taps HKJC’s Michael Fitzsimons as new Chief Wagering Officer

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Australian gambling group Tabcorp has announced the appointment of Michael Fitzsimons as its new Chief Wagering Officer.

Fitzsimons had previously served as the Executive Director of Wagering at the Hong Kong Jockey Club (HKJC) – handling strategy, trading, marketing and product development for fixed odds, parimutuel and lottery products.

Fitzsimons had also previously served as the Director of International Trading and Operations at The Stars Group – launching the PokerStars Sportsbook and relaunching SkyBet in Germany and Italy.

Speaking of the appointment, Tabcorp’s CEO elect Gillon McLachlan, noted that “Fitzsimons is one of the world’s most sought after wagering executives and brings extensive global sports betting experience to Tabcorp. He has a deep knowledge of international sports betting, trading and tote. Michael is a rare find – he knows digital and retail wagering and is one of the few people in the world who can connect both to grow a wagering product.”

The group created the role specifically for Fitzsimons, noting that it is a “significant uplift in wagering capability within our executive team”.

The hiring comes after a major restructuring of the group’s Executive Leadership Team, announced in December of 2024, including the creation of the Chief Wagering Officer role and this of Chief Commercial and Media Officer.

Okada Manila 4Q24 GGR falls slightly, FY24 GGR down by nearly 22 percent

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Okada Manila operator Tiger Resort, Leisure and Entertainment (TRLEI) saw a 3.7 percent drop in its 4Q24 gross gaming revenue results, falling to PHP8.97 billion ($153 million), with falls in both gaming machine revenue and VIP table games.

According to the group’s most recent results, overall GGR for 2024 fell by 21.8 percent yearly, reaching nearly PHP34.82 billion ($594.5 million) – with drops in GGR from all gaming segments compared to 2023.

VIP rolling chip volume saw significant deterioration in the fourth quarter, on a yearly basis, falling to nearly PHP76.88 billion ($1.31 billion), compared to PHP126.33 billion ($2.16 billion) in 4Q23. Total revenue from the VIP segment amounted to PHP3.15 billion ($53.78 million) during the fourth quarter, down by 9.4 percent yearly.

Okada Manila Casino
Okada Manila Casino floor

Gaming machine revenue was down by 1.38 percent yearly, topping out at just PHP3.26 billion in the quarter.

Mass market table games actually saw a yearly improvement, up by just 1 percent, totaling PHP2.55 billion ($55.66 million).

Other revenue – encompassing hotel, F&B, retail, entertainment, and others rose during the quarter, hitting PHP1.2 billion ($20.5 million) – an increase of 16.2 percent yearly.

Looking at the year overall, total revenue for the TRLEI, a subsidiary of Universal Entertainment, amounted to PHP38.93 billion ($66.47 million) – the majority derived from its gaming operations.

VIP revenue fell by a hefty 34 percent, clocking in at just PHP11.1 billion ($18.95 million), while mass market table games revenue dropped by nearly 15 percent yearly, to just PHP10.93 billion ($18.66 million).

Gaming machine revenue in 2024 similarly saw a decrease, topping out at just PHP12.77 billion ($21.8 million), an annual decrease of nearly 14 percent.

Hotel occupancy during the quarter actually increased, reaching 84 percent, compared to 75.1 percent in 4Q23, despite a slight increase in the average daily room rate.

During the fourth quarter, Okada Manila saw 1.71 million visitors, compared to 1.6 million in 4Q23. For the whole year, the property welcomed 6.03 million visitors, up from 5.98 million in 2023.

Macau’s 4Q24 GGR hits 20-quarter high despite ‘poor macro’: JP Morgan

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In a year marked by macroeconomic headwinds, the Macau gaming sector continues to demonstrate resilience. According to an investment memo from JP Morgan, 4Q24 posted the highest gross gaming revenue (GGR) in 20 quarters despite challenging conditions.

Analysts DS Kim, Mufan Chi, and Selina Li note that valuations in the sector remain low, and while the results were in line with estimates, ‘a sector-wide rally seems unlikely’ without a clear catalyst or broader market excitement.

Macau’s GGR in 4Q24 showed a solid 3 percent quarter-on-quarter growth and a 6 percent year-on-year increase, aligning with expectations and seasonal trends. JP Morgan notes that the performance across segments reflected stability, with mass GGR, which includes slot machines, rising by 5 percent quarter-on-quarter. This was an all-time high, sitting 11 percent above pre-COVID levels. In contrast, VIP GGR remained largely flat quarter-on-quarter, still around 20 percent of pre-pandemic numbers.

These results are ‘respectable’, particularly given the ongoing macroeconomic challenges and the impact of President Xi Jinping’s visit to Macau, which caused some disruptions.

Macau operators are scheduled to report 4Q24 results between late January and early March, with expectations for modest industry-wide earnings growth. 

JP Morgan notes that industry EBITDA is projected to edge up by 2-3 percent quarter-on-quarter, with margins expected to remain stable. Despite this overall outlook, there will be variations between operators, with the market closely monitoring market share shifts and operational expenditure changes.

Macau, cotai-strip, Gaming revenue, Macau GGR, gaming operators

Market share shifts 

JP Morgan predicts MGM and Galaxy will be the main winners in the market, with share gains expected for both. MGM is projected to gain an additional 90 basis points (bps) quarter-on-quarter, reaching a market share of 15.6 percent, which aligns with its target of a ‘mid-teens’ market share.

Galaxy is expected to gain 80bps, reaching 19.7 percent, a post-reopening high, as it continues to expand its Phase III hotels and revamped gaming areas.

On the other hand, Sands is expected to experience a significant drop in market share, losing nearly 100bps quarter-on-quarter to around 23.5 percent. This decline is attributed to disruptions caused by the Londoner hotel’s room renovation, which resulted in 100 percent of Sheraton rooms being taken offline at the end of last year. This disruption is expected to ease from Chinese New Year (CNY) through May, as renovated suites are gradually rolled out.

SJM is also expected to lose around 30bps, dropping to 13.6 percent, reversing some of its gains from 3Q24 due to normalizing VIP luck and other factors. Wynn and Melco’s market shares are expected to remain stable in 4Q24.

Flat EBITDA momentum

Analysts from JP Morgan indicate that while the industry as a whole is expected to see relatively flat EBITDA momentum, Galaxy is forecast to be the standout performer. The operator’s EBITDA is projected to grow by 8 percent quarter-on-quarter, reaching post-pandemic highs and achieving 80 percent of its pre-COVID-19 EBITDA. This growth could make Galaxy the only meaningful outperformer in 4Q24.

Macau Chinese New Year

Modest expectations for Chinese New Year

For Chinese New Year (CNY) Golden Week, JP Morgan does not anticipate a major shift in industry trends. While bookings for the holiday are nearly full, with 99 percent of casino hotel rooms sold out for peak days, the firm expects only modest year-on-year GGR growth in the low to mid-single digits.

The brokerage reminds that last year’s solid performance makes for tough year-on-year comparisons, especially from January through May 2025.

As a result, industry GGR is expected to grow by 4 percent year-on-year in 1H25, compared to a stronger 7 percent growth in 2H25. JP Morgan maintains its FY25 GGR growth forecast at 5 percent, with mass and VIP growth rates of 7 percent and 4 percent, respectively.

MGM partner Orix optimistic about driving Japan’s 60M annual tourist goal

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Orix Corp, the primary local partner of MGM Resorts International in MGM Osaka project, has expressed confidence in its ability to contribute to Japan’s goal of attracting 60 million international visitors annually. 

The company highlights how its diverse businesses—spanning airports, hotels, and leisure facilities—play a daily role in boosting the regional economy while serving both business travelers and tourists.

In addition to its role in the MGM Osaka project, Orix is actively supporting the upcoming Expo 2025 Osaka, which will take place next spring on Yumeshima Island in Osaka Bay.

Orix
The site of Expo 2025 on the artificial Yumeshima island in Osaka Bay

In a January 16th comment on the company’s website, Toyonori Takahashi, Executive Officer and Kansai Representative for Orix Group, underscored the company’s focus on making a meaningful impact. He explained that Orix can create jobs and boost the income of the Kansai region by showcasing Japanese culture and the friendliness of its people, aligning with the company’s guiding philosophy of ‘Finding Paths. Making Impact.’

Takahashi also emphasized Orix’s collaborative approach, highlighting partnerships with foreign firms such as VINCI and MGM as key to importing global expertise. He noted that through joint ventures with VINCI in airports and MGM for the integrated resort (IR), he has learned a lot about how international partners conduct business, which differs from practices in Japan. This, he stated, has provided valuable opportunities.

Orix
Toyonori Takahashi, Executive Officer and Kansai Representative for Orix Group

The company further highlighted its strength as one of Japan’s largest and most diversified corporate groups. Orix operates 10 business divisions worldwide, generating JPY2.8 trillion ($18.8 billion) in annual revenue for 2023/24.

In earlier comments on January 9th, Takahashi expressed strong belief in the attractiveness of the MGM Osaka project, forecasting that it will draw both domestic and international visitors. He also discussed the competitive landscape, asserting that there is little to no national competition for MGM Osaka in the short term, as it will be Japan’s first integrated resort (IR) with a casino.

Takahashi says he believes that MGM Osaka will stand up to established integrated resorts in Asia, particularly those in Macau and Singapore.