Good morning.
The unexpected defeat of Osaka’s political leaders in a referendum on their signature policy of administrative reform has suddenly turned them into lame ducks and thrown into doubt all of their plans, including IR development on the manmade island of Yumeshima. We take a closer look at the trajectory of global economic recovery. Also not to be missed is our dive into the issue of how personalized communication is no longer the preserve of VIPs when it comes to the igaming market. Finally, we take a look at the most recent Macau GGR numbers and what they suggest about the pace of recovery.
First, the news
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Osaka IR plunged into uncertainty by referendum loss
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Tokyo prosecutors seek 14-month sentences for witness tampering pair
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Macau estimates cut again as recovery lags
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Macau October GGR falls 72.5%
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Macau government sees GGR of just $16.2 billion in 2021
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Khanh Hoa Province wants new casino for Hon Tre Island
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Donaco continues to feel the impact of border closures
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Goa casino reopening facing numerous challenges
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Singapore casino levy deters locals
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Date for Jeju Dream Tower full opening remains unclear
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Suncity plans direct VIP line at Tigre de Cristal
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CNMI Politician says revocation of IPI license should be “on the table”
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TAB NZ’s September results were ahead of budget and ahead of last year
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Waterfront to build Manila’s fifth IR after court ruling
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Former NSW regulator accuses Crown of “bad faith” on Sydney opening plans
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Everi reports improving revenues in both games and fintech
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Next AGB Webinar on iGaming player acquisition
What you need to know
Macau estimates cut again as recovery lags
October proved to be another disappointing month for Macau’s gross gambling revenue, despite the annual Golden Week holiday, with analysts once again cutting their estimates for the year. According to figures from the Gaming Inspection and Coordination Bureau, Macau’s October gross gambling revenue fell 72.5 percent to MOP7.2 billion ($899 million). The latest figures bring the year-to-date decline to 84 percent. The resumption of travel visas from China has not unleashed the floodgates of visitors that some had hoped. “The month was hampered by visitation bottlenecks due to visa processing and Covid test requirements and by weakness in VIP volumes,” Bernstein Research wrote in a note.
Osaka IR plunged into uncertainty by referendum loss
The prospects for the development of a major urban IR at Yumeshima, Osaka, took a sudden and unexpected turn for the worse after voters rejected the administrative reorganization proposals of the local leaders, and Osaka Mayor Ichiro Matsui announced his intention to retire from politics at the end of his term. While Sunday’s referendum was not directly related to the Yumeshima IR plans, it does exercise an enormous impact on the political fates of both the strongly pro-IR Osaka governor and mayor, as well as the movement that they lead.
Insights
BY THE NUMB3RS
GDP Recovery Timeline 2020 – 2025
Asia Gaming Brief asia editor Felix Ng explores the data coming out of the latest IMF World Economic Outlook Report, focusing on the GDP growth trajectory among Asia’s key gaming jurisdictions and tourist source markets. Here Felix narrates the animated infographic taking us through from 2015 to 2025.
DEEP DIVE
iGaming gets personal
In Asia’s increasingly competitive online market, personalized communication is no longer the preserve of the high roller, with an increasing number of clients receiving individual attention in a bid to acquire and retain players. Instant messengers and mobile dating apps have become a must for iGaming player acquisition and retention in Asia, according to igaming marketing veteran Alex Czajkowski. “Just yesterday, in the span of an hour, I received seven skype introductions, two of which were pushing a Chinese online casino, and five others pushing a Chinese online lottery,” he said. “Welcome to 2020!”
Supplier Special
TVBET introduces juicy new arrival
TVBET recently introduced its 12th exclusive product, FruitRace. The game is a groundbreaking product for the igaming audience thanks to a successful combination of lottery and race mechanics.
LT Game launches cutting edge slots
LT Game has launched its new gaming cabinet, with a unique bingo jackpot that allows players to control the gaming speed and enjoy the excitement of both slot and interactive games. The FAFA SLOT RGX 1000 has real moving objects and introduces a fascinating story line, with exquisite animations.
AGB Initiatives
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