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Summit Ascent GGR to rise 190% for two years: BoA
Bank of America/Merrill Lynch has added its voice to other recent commentary pointing to significant upside for Summit Ascent due to optimism over its projects in Russia and the Philippines.
Macau GGR trending down 61% from Jan. 2020: Bernstein
Macau's month-to-date gross gambling revenue is trending down 61 percent from the same period last year and is up 10 percent on December, according to Bernstein Research.
Macau’s Q4 GGR at US$2.75 billion, mass market makes up bulk
Macau's gross gambling revenue in the fourth quarter of 2020 was MOP22 billion ($2.75 billion), with mass market baccarat and slots making up about 65 percent of the total, according to quarterly figures released by the Gaming Inspection and Coordination Bureau.
Macau month-to-date GGR up 13% from December: Bernstein
Macau's month-to-date gross gambling revenue is up about 13 percent from its December levels, but is down about 65 percent from the same time in 2019, according to Bernstein Research.
Macau confident of meeting GGR tax targets, eyes 14 million visitors
Macau's Secretary for Economy and Finance Lei Wai Nong said he's confident the government will meet its forecast to collect about MOP130 billion in gaming taxes this year and said he expects 14 million visitors from Mainland China.
Studio City sees breakeven at 30-35% of historical GGR
Studio City's gross gambling revenue in October and November was up about 146 percent compared with the third quarter and parent company Studio City Finance says it sees breakeven on an adjusted EBITDA level on reaching between 30 and 35 percent of historical GGR run rates.
December best month since pandemic for Macau, but outlook uncertain
Macau ended its annus horribilis on a slightly brighter note, with December gross gambling figures showing the best performance since January.
Macau GGR ends year down 79.3%, but December best month
Macau's gross gambling revenue fell 79.3 percent to MOP60.4 billion in 2020, although December was the best month since January.
Macau December GGR trend improves: Bernstein
Macau's gross gambling revenue is showing slight signs of improvement in the most recent week of December and is up 14 percent from November, according to analysts at Bernstein Research.
Macau GGR down 73% month-to-date: Bernstein
Macau's gross gambling revenue is down about 73 percent in the month to date compared with the same period last year and is down 11 percent from the prior month, analysts at Bernstein Research wrote in a note.
Life After POGOs – AGB Dossier
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Australian market report: How to adapt to the new normal
Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
Life After POGOs – AGB Pop-Up Forum
The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
Acquiring & Retaining iGaming Customers
In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Attracting players, not fraudsters
With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.
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.
Asia Gaming Briefings – Nov 2020 Edition
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
Asia Gaming Briefings – Oct 2020 Edition
Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.