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Macau visitor arrivals in September up 10%, over 2.5M

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According to the latest data from the Statistics and Census Service (DSEC), Macau visitor arrivals in September reached 2,528,011, marking a 9.9 percent year-on-year growth. This figure represents a recovery rate of 91.4 percent compared to the same month in 2019.

International visitors surged by 37.6 percent year-on-year, totaling 173,614, which corresponds to 92.7 percent of September 2019 levels.

Macau-Visitor-Arrivals--September-2024
Macau Visitor Arrivals 2024

In the first three quarters of 2024, visitor arrivals soared by 30.1 percent year-on-year, totaling 25,920,914 and recovering to 85.8 percent of the figures recorded in the same period of 2019. This represents 78.5 percent of this year’s target of 33 million visitor arrivals, as projected by the city’s tourism office (MGTO).

The growth was particularly evident among same-day visitors, which increased by 42.8 percent to 13,834,674, while overnight visitors rose by 18.1 percent to 12,086,240. The average length of stay for all visitors remained at 1.2 days, with overnight visitors maintaining an average stay of 2.3 days.

International visitors so far this year have seen a remarkable rise of 95.1 percent year-on-year, reaching 1,677,550, which is 70.7 percent of the first three quarters of 2019.

Southeast Asian markets have shown robust growth, with visitors from the Philippines increasing by 75.6 percent (345,537), Indonesia by 33.6 percent (127,861), Thailand by 70.6 percent (95,108), and Singapore by 61.6 percent (74,156). Visitors from Malaysia also soared by 136.4 percent to 117,739.

Macau visitor arrivals YOY 2024
Macau visitor arrivals YOY 2024

In South Asia, the number of visitors from India surged by 133.6 percent to 77,071. Meanwhile, Northeast Asian markets reported substantial increases, with arrivals from South Korea and Japan jumping by 207 percent (341,497) and 102.6 percent (93,001), respectively. Long-haul markets also contributed positively, with visitors from the USA rising by 83.2 percent to 103,379.

Hub88 boosts platform offering with KA Gaming addition

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Hub88 has strengthened its portfolio of third-party content after adding the diverse games library from KA Gaming to its platform. 

Over 700 titles from KA Gaming are now available to Hub88’s operator partners, including slots, crash, and arcade games, as well as popular fish shooting content such as the most recent releases King Octopus and Space Cat.

The studio, founded in 2017, develops between 10 to 14 new games per month with an aim to expand the range of content even further, with a greater variety of math models and themes from different cultures set to be rolled out.

The partnership is the latest in a string of deals that have seen Hub88 further enhance its platform to include all types of gaming content to make its operator partners’ product offerings as rich as they can possibly be.

More than 120 studios now provide over 12,000 titles via Hub88’s aggregation platform to a global network of operators.

Ollie Castleman, Head of Hub88, said: “We have always been impressed with KA Gaming’s broad offering and the combination of slots and non-traditional content that they produce. This partnership ensures we further diversify our aggregation platform with titles that will appeal to a wide demographic and different player preferences.”

David Marks, Business Development Manager at KA Gaming, said: “KA literally stands for ‘Kick Ass’, and our official slogan is ‘Makers of Kick A$$ Games’. We are excited to announce our new partnership with Hub88 as this will further the global reach of our content. Together, we will leverage our combined expertise to drive innovation and deliver exceptional value to operators and players. This collaboration marks the beginning of a strong relationship, and we look forward to achieving great success together.”

Pragmatic Play teams up with Hotwin in Belgium

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Pragmatic Play, a leading content supplier to the iGaming industry, has strengthened the availability of its portfolio in Belgium, through partnership with Hotwin, Antwerp Gaming Club’s Online Division.

The partnership sees Pragmatic Play’s premium portfolio of dice slots go live via hotwin.be, with the supplier’s wide range of Slots and Live Casino titles already resonating well with players in Belgium.  

Hotwin’s customers can now enjoy dice editions of popular titles, including fan-favorites Gates of Olympus DiceSugar Rush Dice, and The Dog House Dice Show.  

Licensed by the Belgian Gaming Commission, Hotwin offers a wide range of casino games, specializing in dice games, dice slots, roulette, and blackjack titles. 

Hotwin becomes the latest Belgian partner to integrate Pragmatic Play’s award-winning content. 
 
Irina Cornides, Chief Operating Officer at Pragmatic Play, said: “We are delighted to extend our collaboration with the team at Hotwin and further the availability of our extensive product offering in Belgium, where Pragmatic Play offers a rich selection of titles to online casino operators.” 

Ali Amerian, Director of Antwerp Gaming Club, added: “Pragmatic Play’s award-winning portfolio is a great asset for any casino, and we are proud to offer their innovative dice games on our online platform. Players are always looking for new, exciting games, and adding a selection of Pragmatic Play titles will help to elevate their gaming experience at Hotwin.” 

IMF lowers Macau GDP projections for 2024/2025

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The International Monetary Fund (IMF) has lowered its GDP growth projections for Macau, but with the expected economic performance of the city still standing out amid the the Asia-Pacific economies.

The SAR is expected to report an impressive growth of 10.6 percent in 2024, down from the 13.9 percent forecast six months ago, and 7.3 percent in 2025, down from the previous 9.6 per cent estimate.

This growth trajectory still far surpasses the average projections for Asia, which are estimated at 4.6 percent in 2024, and 4.4 percent in 2025.

According to the local government’s conservative estimate, GGR for the full year of 2024 is expected to reach MOP216 billion ($26.8 billion).

For the first nine months of 2024, Macau’s casino GGR reached MOP169.3 billion ($21 billion), up 31.3 percent from the previous year but still percent lower than the same period in 2019, which was MOP220.2 billion ($27.4 billion).

Alongside the robust GDP growth, Macau’s consumer price projections indicate a relatively stable inflationary environment, with estimates of 1.1 percent in 2024, and 2.0 percent in 2025.

Macau, Inner Harbour, MGM, redevelop, MGM China, Non-Gaming, Macau GDP

Importantly, the region’s current account balance is expected to remain strongly positive, reaching 33.2 percent in 2024, and 33.3 percent in 2025.

The employment outlook for Macau is also positive, with the unemployment rate projected to decrease from 1.8 percent in both 2024 and 2025. This decline suggests that the economic recovery is translating into job opportunities for the local population.

When compared to other major economies in the Asia-Pacific region, Macau’s performance stands out, with regional advanced economies like Japan, China Australia expected to grow at a much slower pace.

BetVictor teams up with NBA Legend Tracy McGrady

BVGroup has announced the signing of the seven-time NBA All-Star, Tracy McGrady, as its new Safer Gambling Ambassador in Canada for its flagship BetVictor brand.

Tracy McGrady
Tracy McGrady

Tracy McGrady enjoyed a glittering 16-year career in the NBA, with stops at the Toronto Raptors, Orlando Magic, Houston Rockets, New York Knicks, Detroit Pistons, Atlanta Hawks, and finally the San Antonio Spurs.

Tracy is beloved by NBA fans worldwide, but none more so than those in Toronto. During the 1999/2000 NBA season, he formed an iconic partnership with his cousin Vince Carter, leaving a lasting impression on the city and its fans. As a respected former Raptor, McGrady still enjoys the admiration of many fans across Canada.

BetVictor offers an array of tools and services to help its Canadian customers bet and play safely and responsibly, across a host of sports betting markets and online casino games.

BetVictor

Tracy McGrady commented: “I’m delighted to continue my close partnership with BVGroup and become BetVictor’s Safer Gambling Ambassador in Canada. Safer gambling is an important issue across Canada, and I look forward to helping to promote this message alongside BetVictor to encourage Canadian customers to bet and play safely and responsibly.”

Brent Almeida, CCO of BVGroup, commented: “We are thrilled to have signed Tracy McGrady to BetVictor to promote Safer Gambling. Tracy is a perfect role model, with an amazing career across 16 seasons in the NBA. Aligning with him is a perfect fit for the BetVictor brand.”

Pronet Gaming: Adapting iGaming financial strategies for the post-pandemic era

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The global pandemic brought unprecedented changes to the iGaming industry, transforming not only how we operate but also how we think about financial strategy. As we emerged from this challenging period, finance leaders in the iGaming sector needed to reassess and recalibrate their financial strategies.

Here, Naman Paropkari, Head of Finance at Pronet Gaming, offers his insights on navigating these challenges and redefining financial priorities for sustained success.

The lessons learned during the pandemic have underscored the importance of analytics, agility, and a forward-looking approach to ensure sustainable growth in a rapidly evolving landscape.

What role does data analytics play in financial decision-making today?

The pandemic accelerated digital transformation, leading to a significant increase in online gaming participation. As a result, data analytics has become an invaluable asset. In the post-pandemic world, finance teams must leverage data to inform decision-making processes. This means investing in robust analytics tools that can provide insights into player behaviour, market trends, and financial performance.

For instance, understanding customer acquisition costs and lifetime value has never been more crucial. By closely monitoring these metrics, we are in a better position to make informed decisions about marketing spend and promotional strategies. Additionally, predictive analytics can help forecast revenue streams more accurately, enabling better cash flow management.

Was there a need for companies in the industry to create new revenue streams?

The pandemic highlighted the vulnerabilities inherent in a heavily concentrated revenue model. iGaming companies that relied primarily on one type of game or market segment faced significant challenges as player preferences shifted. To mitigate this risk, diversification of revenue streams became necessary.

This might be achieved by expanding game offerings to include emerging genres, investing in new markets, and exploring complementary services such as sports betting, esports, or virtual gaming. In addition, partnerships with software providers and innovative content creators can enhance game portfolios and attract a broader audience. A diversified approach not only stabilizes income but can also position companies for long-term growth in a competitive landscape.

In what ways, if any, did the pandemic affect risk management?

As finance leaders, it’s our responsibility to ensure that our companies remain compliant while managing the associated financial risks. Establishing robust risk management frameworks is essential. The pandemic taught us the importance of conducting frequent audits and stress tests to evaluate our financial resilience in the face of potential disruptions. This comprehensive approach not only mitigates risk but is also a sustainable way to foster trust among stakeholders and customers.

Why is integrating sustainability into financial strategies increasingly important in the post-pandemic landscape?

Sustainability has emerged as a critical concern for businesses and investors alike. In the post-pandemic landscape, integrating sustainable practices into a financial strategy is not just a moral obligation but a business imperative. Companies that demonstrate a commitment to social responsibility are more likely to attract and retain customers.

From a financial perspective, incorporating sustainability into a strategy can lead to cost savings and improved operational efficiency. For example, investing in energy-efficient technologies not only reduces one’s carbon footprint but can also lower operational costs over time.

Moving forward, what is the new normal financial mindset in the industry? 

The post-pandemic world requires an agile mindset where the ability to pivot in response to market changes and player preferences is vital. This means creating a culture of innovation within our finance teams and across the organization. We must remain open to exploring new business models to engage our partners and customers. Continuous investment in technology and talent will enable us to stay ahead of industry trends and respond swiftly to emerging opportunities.

Profit from the challenges faced by top Asian teams in World Cup qualifiers

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Trusted betting platform 1xBet highlights October’s major events in Asian World Cup qualifiers.


In group A, Iran and Uzbekistan have solidified their positions. Both teams have gained 10 points and are now sharing the first place. Their H2H match, held on October 10, ended 0-0. Nevertheless, Uzbekistan and Iran have won the rest of the games in the group. Iran wants to make it to the World Cup for the 4th consecutive time, while Uzbekistan has never performed in the tournaments of such level.

But the coach Srečko Katanec, who once had considerable success with Slovenia, wants to achieve something with his new team. Qatar, on the other hand, can hardly be satisfied with the October matches. Despite their victory over Kyrgyzstan, the winners of the last 2 AFC Asian Cups were crushed by Iran 1-4 and are 6 points behind the leaders. 

In group C, the October matches worsened the position of Saudi Arabia, which lost 0-2 to Japan at home and then failed to beat Bahrain (0-0). Roberto Mancini has been the Green Falcons’ coach for more than a year, but his achievements haven’t been impressive: after 4 matches, Saudi Arabia has 5 points and is sharing 2nd place with Australia and Bahrain. As we see, the invitation of a famous European coach doesn’t guarantee high results.

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It’s worth mentioning that Saudi Arabia has a worse goal difference than Australia. After a poor start in the 3rd round in September, the Socceroos hired Tony Popovic as head coach. Under his guidance, the Australians defeated China 3-1 and became the first team in group C to get points from Japan (1-1). Nonetheless, Japan’s lead is indisputable after 4 games: the Samurai Blue have got 10 points with 15-1 goal difference. The Japanese are determined to make it to their 8th consecutive World Cup.

The Korean stars Son Heung-min and Hwang Hee-chan missed the October games. But even without the top forwards, South Korea beat Jordan (2-0) and Iraq (3-2) securing their lead in group B with 10 points. The Tigers of Asia have taken important steps to qualify for their 11th World Cup in a row. The main contenders for the second ticket to the Mundial are Jordan and Iraq, who have 7 points each. As you may remember, the Jordan national team played in the 2023 AFC Asian Cup final and dreams of going to the World Cup for the first time.

At the 2026 World Cup, the AFC zone will have 8 direct slots for the first time:

  • 6 teams that will take the 1st and 2nd places in the third round groups;
  • 2 more teams will win the fourth qualification round;
  • A 9th ticket to the World Cup can be won by an AFC team in the inter-confederation playoff.

Asia is the most populated continent on the planet and football is the No. 1 sport in most countries. The World Cup qualifying matches are traditionally watched by billions of fans in the region, but FIFA has decided to reward Asia with a significant representation at the tournament only now. In the meantime, 1xBet Partners has been creating truly favorable conditions for its participants for many years:

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Many Asian fans like supporting their national teams with bets, and 1xBet offers high odds for such matches. Besides, we guarantee the most profitable fees for the 1xPartners members because the excitement around the World Cup qualification in Asia is huge.

PH House Quad Committee investigates POGO-related fund movements

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The Philippines’ House Quad Committee (Quadcom) plans to summon several banks, the Anti-Money Laundering Council (AMLC), and the Philippine Anti-Organized Crime Commission (PAOCC) to its upcoming hearing.

The objective is to investigate the substantial movement of funds associated with individuals or companies under scrutiny related to Philippine Offshore Gaming Operators (POGOs).

This announcement was made on Monday by Quadcom co-chairman Bienvenido “Benny” Abante during a meeting with the Monday Circle at the Westin Hotel Manila. According to Philstar, while Abante publicly called for the AMLC and the banks to participate in the hearing, he noted that some banks are aware of his intentions and are reportedly asking the Bankers Association of the Philippines (BAP) to oppose this “invitation” under the guise of bank secrecy laws.

Rep. Abante emphasized the necessity of summoning banks and the AMLC to address the suspicious fund movements of those being investigated. He highlighted the significant amounts of POGO-related funds that have been said to stimulate the local economy, claiming that Chinese money is “flowing like crazy,” with approximately PHP8 billion ($138 million) identified so far.

He believes the AMLC and the banks should clarify their roles in managing these suspicious transactions, particularly since some individuals have been able to swiftly transfer their funds right after congressional inquiries.

Market analysts have observed unusual stock market activity in recent weeks, following a prolonged bearish period. This could indicate attempts to funnel departing POGO funds and legally cash out stock market gains, especially as the Marcos government is determined to terminate all legal POGO operations by December.

However, Rep. Abante pointed out that there were only 43 legal POGOs before the ban order, despite estimates suggesting nearly 400 POGOs are clandestinely operating across the country, often in provinces and gated communities. He specifically mentioned Alabang, where residents have protested against the influx of Chinese tenants accompanied by bodyguards.

Daily Asia Gaming eBrief: Macau GGR to rise 5% yearly in 4Q24

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Good morning. Macau will have a lot to celebrate in the fourth quarter, with its 25th anniversary welcoming the top brass from the mainland and ringing in a new Chief Executive. Analysts are already predicting a 5 percent yearly increase in GGR, boosted more by Golden Week than the likely downturn in punter visitation during the political commemorations. Meanwhile, in Thailand, casino legalization has hit yet another road bump, as top political figures differ on their views over the country’s need for casinos in the proposed entertainment complexes that it hopes to help boost the economy.

What you need to know


On the radar


AGB Intelligence

MACAU

Macau, Cotai strip

Macau GGR expected to rise by 5% in 4Q24

Consumer confidence appears to be on the rise, as punters flood back into Macau’s casinos, boosting estimates by analysts for fourth-quarter earnings. CICC is now anticipating a 5 percent yearly increase in GGR for the period, bolstered by operators’ strong investment in events. Mass continues to lead the recovery, with heavy footfall, particularly at major integrated resorts such as Galaxy.


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Altenar brings premium sportsbook solution to Asia

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1xBet, The most popular gambling games and slots in Asia

For global betting company 1xBet, Asia is a key market for several reasons. This is why 1xBet pays special attention to the Asian market and actively promotes its sports betting platform and the most popular gambling games on the continent.


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Baha Mar original developer awarded $1.6B due to fraud by contractor

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The original developer behind the Baha Mar casino, in the Bahamas, has been awarded $1.6 billion after a US judge found that a contractor had “committed fraud beyond any doubt”.

According to Bloomberg, China Construction America (CCA) engaged in fraud and breached its contract, costing the developer – BML Properties – its $845 million investment in the resort. BML was also awarded interest on the figure dating to May of 2014.

The company is led by businessman Sarkis Izmirlian, who issued a suit against the CCA in 2017 claiming “massive fraud” which led to the collapse of the project in 2015.

The project was later sold to Hong Kong-based conglomerate Chow Tai Fook – a major investor in The Star Entertainment and particularly in Queen’s Wharf Brisbane.

BML’s lawyer noted that the ruling is a “major vindication”, while a CCA spokesperson called the ruling “deeply flawed”.

Baha Mar was taken over by Chow Tai Fook Enterprises in 2016, investing some $200 million into its completion. It was formally opened in 2017 and features the biggest casino in the Caribbean, according to its website. The total figure that CTFE paid for the resort was not disclosed at the time.