Sunday, May 9, 2021

INSIGHTS

Genting Spore Q1 casino revenue ticks higher, other metrics deteriorate

Genting Singapore has reported a 2 percent increase in casino sales from the final quarter of last year, indicating the pent-up demand that had been driving performance has largely stalled.

Star Entertainment’s first five months showcases domestic resilience

Australian casino operator Star Entertainment said its gross gambling revenue was up 37 percent year-on-year in the five months from January to May, highlighting the resilience of Australia’s domestic market.


Wakayama IR Promotion Council urges operator selection

A general meeting of the Wakayama IR Promotion Council held last weekend passed a resolution urging the prefectural government to make its decision on an IR operator partner as soon as possible.

Politics may upset Japan’s IR apple cart [video]

Daniel Cheng, a seasoned casino veteran who was formerly leading Hard Rock International’s effort to gain a license in Hokkaido, talks to Asia Gaming Brief about Japan’s creepingly slow progress towards its first IRs.

PH Resorts eyes Japan’s high rollers with junket accord

PH Resorts, which is developing the Emerald Bay resort on Cebu, has signed an accord with a junket operator aimed at tapping into Japan’s VIP market.

Pachinko industry needs new business model

Even before the Covid pandemic it was apparent that the pachinko industry, at least in its current form, possessed a dying business model. Recent events have only accelerated the trends.

Bicycle racing shares in Japan’s online gambling boom

Japan’s Keirin (bicycle racing) has not been left behind in the nation’s recent online wagering boom. While revenues have been advancing slowly in recent years, in 2020 overall ticket sales jumped to just under JPY750 billion (US$6.9 billion), a 13.6% year-on-year increase.

Macau mass market to see strong growth, but future supply a...

Macau's mass gaming market is likely to grow in the high single digits from 2022 once the pandemic eases, but growth going forward will depend on the ability to bring new attractions and products online, industry experts on a gaming panel said.

Domingo highlights live shots and e-sabong in Philippines 2021 recovery plan

Philippine Amusement and Gaming Corporation chairwoman Andrea Domingo is placing her hopes on new online gaming initiatives in the country to boost industry revenue this year. 

Melco offers 12-months pay as part of voluntary exit scheme

Macau casino operator Melco Resorts has launched a number of voluntary programs for their staff to take extended voluntary leave or to step down from the company to “pursue new objectives and priorities” 

Online gaming seen driving move to blockchain: Calvin Ayre

Calvin Ayre, head of Ayre Group and CoinGeek has a strong belief that online gaming operators will drive the transition to blockchain, with Bitcoin SV at the forefront. 

Osaka frets over loss of leverage and scaled-back IR ambitions

The authorities in Osaka are concerned that they have lost leverage in negotiations with the MGM-Orix IR consortium, and that poor business conditions will force a significant scaling back of ambitions, according to the reporting of the Nihon Keizai Shinbun.

TRENDING ARTICLES

Evolution-brand

Evolution to buy Australia’s Big Time for EUR450m

Evolution Gaming Group said it agreed to buy Australian online slot company Big Time Gaming for EUR450 million ($535 million) in cash and stock.
AGE at ICC Sydney

Australasian Gaming Expo (AGE) 2021

The Australasian Gaming Expo (AGE) is the place to see new products and services, network, attend thought-provoking seminars, seek business partners and generate sales....
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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.
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Asia Gaming Briefings – Feb 2021 Edition

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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.