Thursday, June 17, 2021
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Macau operators likely to keep licenses, but at higher cost

Macau June GGR seen down by mid-50s percent: Bernstein

The Macau June gross gambling revenue is likely to be down in the mid-50s percent from the same month of 2019 as new clusters in China slow recovery, Bernstein Research said in a note. 
Resorts World Sentosa (file)

Covid slows Genting recovery, triggers cut in earnings forecasts

The renewed outbreaks of Covid-19 have significantly clouded the recovery prospects for both Genting Singapore and its sister company Genting Malaysia, with analysts at Nomura cutting their estimates for both companies.

Jade Entertainment looks forward to the boom times

Jade Entertainment CEO Joe Pisano says he has seen little change to land-based operations at the halfway point in 2021 and he expects this to continue through the remainder of the year. "We will start to see a slow recovery in 2022 once vaccinations reach the masses and 2023 will be a BOOM year for the gaming industry in Asia."

MGM hopeful for strong summer after Golden Week gains

MGM China is expecting strong results during the Summer holidays and hopes that the recent Golden Week holiday may have marked a turning point for the industry, according to President and Chief Financial Officer Kenneth Xiaofeng.
Danang approval ceremony

Macau estimates cut, Korea lags and Weidner eyes Danang

For those of you just returning to your desks after the Easter break, it’s been a busy few days in terms of news in the Asian gaming industry, from a potential new mega project in Vietnam, to the latest on the impact of the Covid pandemic and more details about Japan’s casino regulation.

Hong Kong, Sing, to achieve widespread vaccine coverage by 2021

Hong Kong and Singapore will be the first two countries in Asia to achieve widespread vaccination coverage (60-70 percent of population) by the end...
South korea

Taking the N. Asian market pulse: Is Korea flatlining?

Covid-19, trade tensions and China’s battle against capital outflows have all had an impact on Asia’s gambling jurisdictions in one way or another, with some significantly losing their appeal and others showing surprising resilience.
macau, operators

Operators back in the black and seeing market improvement

All but one of Macau’s six concessionaires posted a return to positive EBITDA in Q4 and are seeing more meaningful signs of market recovery.
Mario Hardy, Pacific Asia Travel Association

PATA CEO sees slow recovery, but optimism for future

Pacific Asia Travel Association (PATA) CEO Dr. Mario Hardy sees a slow recovery for Asia’s tourism markets, though remains optimistic about the future of travel.
Hermes

High-end luxury retail continues to recover in Macau

A recent trip by Bernstein analysts into Macau has revealed that while shopping areas within casinos were quiet overall, luxury stores were the busiest, with customers seen lining outside of stores.
AGE at ICC Sydney, 2021

Australasian Gaming Expo (AGE) 2021

The Australasian Gaming Expo (AGE) is the place to see new products and services, network, attend thought-provoking seminars, seek business partners and generate sales....
life after pogos

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.
AGB Webinar - Acquiring and Retaining iGaming Customers

Acquiring & Retaining iGaming Customers

In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.

Regulating the Game 2021

Esports BAR Cannes

AGBriefings, June, 2021, Resorts World Las Vegas

Asia Gaming Briefings – June 2021 Edition

For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
Asia Gaming Briefings, april 2021

Asia Gaming Briefings – April 2021 Edition

In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
Agbriefings February 21

Asia Gaming Briefings – Feb 2021 Edition

The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.