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IPI 2019 revenue drops as VIP roll collapses
Imperial Pacific International reported a more than 77 percent drop in 2019 revenue and a wider loss as its VIP business dried up.
Melco, MGM outshine peers in Q3
Melco Resorts & Entertainment and MGM China outperformed their peers in the latest reporting season, as the ramp up of new product offerings drove growth.
Macau Oct. GGR falls 3.2 percent
Macau’s gross gambling revenue dropped 3.2 percent in October, slightly worse than the consensus forecasts from analysts.
Luck helps Macau Oct. GGR: Bernstein
Gross gambling revenue in the first 20 days of October is likely to be about MOP18.6 billion ($2.3 billion), with the luck factor helping offset lower VIP.
Mass GGR jumps in Q3, though VIP drops
Gross gambling revenue from the mass market sector rose almost 18 percent in Q3, while VIP play declined 22.5 percent as the slowing Chinese economy held back growth, according to figures from the Gaming Inspection and Coordination Bureau (DICJ).
Okada Sept. GGR jumps 29.5%
Okada Manila saw gross gambling revenue rise 29.5 percent in September, with strong gains from both the VIP and mass market segment.
Tigre de Cristal Phase II opening in 2022
The second phase of the Tigre de Cristal’s development in the Primorye Gaming Zone in the Russian Far East is now likely to open in early 2022 following changes to its design, owner Summit Ascent said.
Philippine Q2 GGR up 10.7 percent
Gross gambling revenue in the Philippines rose 10.7 percent in Q2, though revenue from licensed casinos slipped from the prior quarter.
Paradise Q2 loss widens
Paradise Co., which operates foreigner-only casinos in South Korea, posted a wider Q2 loss although revenue gained.
Galaxy Q2 results top forecasts on higher hold
Galaxy Entertainment posted flat adjusted EBITDA for Q2 and lower revenue, but the results topped analysts’ forecasts helped by higher hold.
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.
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 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.