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Rich Goldman begins VIP operations in Solaire
Rich Goldman said its joint venture company in the Philippines began introducing customers to a VIP room in Solaire Resort & Casino in Manila from Jan. 1st after completing a profit sharing accord.
Covid-19 delays Rich Goldman’s Manila venture
Junket promoter Rich Goldman said the Covid-19 pandemic has delayed the closure of a joint venture agreement that would allow it to provide VIP customers to Bloomberry Resorts’ Solaire Resort & Casino in Manila.
MGM online unit raises $250m
Roar Digital, a U.S. sports betting and online gaming company, said its shareholders, MGM Resorts and GVC have committed to a second round of investment, bringing the total to $450 million.
Melco backs Studio City’s $500m placement
Melco Resorts & Entertainment said one of its units will take up all of its entitlement to shares in a $500 million private placement from Studio City International Holdings and will also buy up any remaining shares that are unsubscribed.
Success Universe expects to report 2019 profit gain
Success Universe, an investor in Macau’s Ponte 16, said it expects to report a gain of about 30-40 percent in 2019 profit, compared with the HK$54.2 million ($6.98 million) it reported the prior year.
Primorye zone to receive power plant investment
The Primorsky Krai Development Corporation has signed an agreement for a joint venture with a Russian subsidiary of China's state-owned energy company Sinomec as part of the Eastern Economic Forum in the Russian city of Vladivostok.
NSW and Victoria stage turf war in Australian racing
Australian racing is in the midst of one of the biggest changes in its long history as the nation's two biggest states – New South Wales and Victoria – wage what the media have dubbed a "turf war" and behind which lies two different approaches to the business of betting.
Star’s Queen’s Wharf Brisbane begins construction
Construction has begun in earnest on SkyCity Entertainment’s $3.6 billion Queen’s Wharf Brisbane Development, with heavy machine moved onsite over the past weekend.
Table Trac casino management system enters Japan
The Minnesota-based firm Table Trac, developer of a comprehensive casino management system utilized in more than 140 facilities in North and South America, has partnered with the Tokyo-based firm Broadband Security to make a bid for the coming Japanese IR market.
Melco agrees to buy $1.75b Crown stake
Melco Resorts & Entertainment said it agreed to buy an almost 20 percent stake in Crown Resorts for A$1.75 billion ($1.2 billion) just two years after the Australian company withdrew from a decade-long venture with the Macau-based operator.
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.