Good Morning. In this week’s Face-to-Face interview Paradise Entertainment Chairman Jay Chun talks about recovery in the Macau market and how he sees a bright future for live-multi-game terminals, which have been outperforming during the pandemic. He also defends the role of satellite casinos, such as his own Kam Pek Paradise, which is under threat due to proposed amendments to Macau’s gaming law.
What you need to know
- The recent selloff in Aristocrat Leisure’s stock points to the likely failure of its GBP2.7 billion bid for U.K.-listed Playtech in a shareholder vote next week, J.P. Morgan wrote in a note.
- Malaysia’s opposition leader has called on the finance minister to explain how three banks were able to provide $600 million in unsecured loans to Genting H.K., which has filed for bankruptcy protection.
- Macau’s gaming regulator said it has received a total of 75 applications to renew junket licenses for 2022 and 29 of the requests are still being processed due to incomplete paperwork.
On the radar
- Macau police arrest 46 in bust of cross-border loan-sharking ring.
- Macau Dec. hotel occupancy up 8.2 percentage points month-on-month.
- Mainland China domestic travel surges 46% ahead of CNY break.
- Hong Kong reduces mandatory hotel quarantine to 14 days.
What the papers say
- Many Macau hotels still have Chinese New Year vacancies.
The Covid pandemic has provided a boost to the already popular live-multi game machines, providing a level of distancing and privacy, says Jay Chun, chairman of Paradise Entertainment, whose LT Game unit manufactures LGMs. In this week’s Face-to-Face interview, Chun says revenue from the terminals in Macau is just 20 percent below pre-pandemic levels, far outperforming the market as a whole. Chun also defends the role of satellite casinos, which face an uncertain future after the publication of the amendments to Macau’s gaming law.
- QTech Games unveils new cryptocurrency currency feature for its games
- NOVOMATIC cancels participation at ICE 2022
SEGA SAMMY CREATION has launched a new linked progressive jackpot product called “Lucky Fruits Link” with a four-level jackpot in the Asian market. With two Chinese ancient god themes “Wen Bao” and “Wu Bao”, Lucky Fruits Link introduces a new twist to the player-favorite symbol-driven bonus games with the key feature of a jackpot and/or bonus chance anytime you see a “Wild.”
Spintec is one of the major players in the ETG market and its presence in Asia and Australia is growing progressively, having already reached around 60 percent market share in compact electronic roulettes in Macau. All the company’s games received a major upgrade recently with some additional features and side bets that make them even more enjoyable. Games most popular in Asia and Australia now feature some extremely attractive enhancements.