Good morning. Hoiana Resort & Golf is aiming for a hole-in-one with its property, focusing on VIP and premium mass as it dials in mainly on Korean visitors, its Executive Vice President says. In the Philippines, PAGCOR is targeting some $4.5 billion in GGR for 2023, $1.26 billion of which from its own gaming operations. In the ETG world, Macau’s Paradise Entertainment says it’s confident in growth, as the shift away from VIP helps its business.
What you need to know
- Gillian Murphy, Executive Vice President of Hoiana Resort & Golf, says that VIP and premium mass is the focus, hopes for locals gaming soon.
- PAGCOR is aiming for an industry-wide GGR of $4.5 billion this year, leveraging strong results from 2022.
- Paradise Entertainment is confident that 2023 will be a strong year, as Macau’s shift away from VIP actually helps its ETG business.
On the radar
- Summit Ascent seeking local partner to operate Tigre de Cristal.
- Macau hotels see 76 percent occupancy in February.
- MGM China says likelihood of recouping Suncity damages ‘remote’.
- Sands China announces “strategic partnership” with Star CM.
AGB Intelligence
HOIANA RESORT & GOLF
EVP Gillian Murphy confident in success of Phase 1
Hoiana Resort & Golf is aiming to be the premier destination for VIP and premium mass players, particularly focusing on Korean clientele. Speaking to AGB, Gillian Murphy, Executive Vice President, notes that there are encouraging signs for local gambling in the future, as the group grows to fill out its 1,000-hectare property.
Corporate Spotlight
Continent 8 Technologies: The industry’s trusted infrastructure partner celebrates 25 years of reliable innovation at ASEAN 2023
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