Tuesday, April 20, 2021
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VIP business

SkyCity out of the junket game

New Zealand's SkyCity Entertainment said it will cease all activities with junkets following a strategic review of its business and will instead deal with international customers directly.
south korea

Japan’s VIP challenge

VIP play had been projected to be a major segment of the potential overall Japanese gaming market, but a lot has changed since the law permitting integrated resorts was passed in 2018.

Digital yuan to hit Macau’s VIP industry

The potential introduction of a digital yuan into Macau would be the final straw for the junket industry, which is already shrinking and diversifying its business model, Bloomberg reports. 
Suncity Group

Suncity Group: Striving for five-star entertainment

Suncity Group was founded in 2007 and since its establishment, it has been striving to provide an extraordinary VIP entertainment service for our guests. We opened a number of VIP Clubs in various 6-star hotels and resorts throughout Macau with the rapid growth of our business.

Suncity plans direct VIP line at Tigre de Cristal

Suncity Group Holdings said it plans to set up a direct VIP business line at its Tigre de Cristal property in Russia to help drive business volumes and keep high junket rebates in house. The company said Summit Ascent may increase its stake in Oriental Regent, operator of the resort, to 67.5 percent from 60 percent previously and may end up holding as much as 89 percent if it is the only subscriber to an upcoming share issue.
NZ SkyCity

SkyCity posts flat annual profit

New Zealand hotel and casino operator SkyCity Entertainment Group has reported flat normalised earnings and profit in full year financial results released on Wednesday.

Genting Malaysia seeks cost cuts to offset tax upsets

Genting Malaysia has been forced into cost cutting mode to offset the negative impact of recent tax rulings, though analysts still expect 2019 to be another tough year for the country’s only operator.

Trade war may slow global growth to 2.7 percent in 2019: Fitch

The imposition of 25 percent U.S. tariffs on the remaining $300 billion of imports from China will reduce global gross domestic product growth to 2.7 percent this year and 2.4 percent next, compared with earlier forecasts for growth of 2.8 percent and 2.7 percent respectively, Fitch Ratings said.

Star H1 revenue rises, but outlook cautious

Star Entertainment posted a 15.9 percent increase in H1 revenue as its international business rebounded, though statutory profit was hit by an abnormally low...

U.K. VIP business struggles on stringent AML

The UK’s gambling regulator has turned up the heat on casinos where money laundering is concerned, requiring rigorous background checks on wealthy international clients, including those from Mainland China, which is having an a detrimental effect on VIP business. Some upmarket operators are warning some high rollers are choosing to go elsewhere.
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.
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.
asia gaming briefings Dec 20

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.