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Macau’s Q4 GGR at $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.
Studio City continues VIP rolling chip operations
Studio City International Holdings announces the continuation of VIP rolling chip operations at the Studio City Casino until December 31, 2021.
Online licenses welcome for casinos, but conditions limit appeal
The Philippines’ decision to issue online gambling licenses to local casinos is likely to present interesting opportunities for suppliers, but the terms won’t create significant business growth for the operators.
Star Entertainment bets on luxury tourists, not high rollers
Star Entertainment Group’s newest development the Queens Wharf casino and entertainment complex will be geared towards attracting luxury tourists rather than high-rollers when it opens in 2022, according to chief executive officer Matt Bekier.
Macau VIP sector losing further ground
There have been some positive reports this week, talking about optimism over Macau’s medium-term future, led by the premium mass and mass markets.
Crown fallout may include tighter industry-wide regulation: Fitch
The fallout from the inquiry into Crown Resorts' suitability to hold a license in Sydney may have ramifications for the entire industry in Australia, including tighter regulation, Fitch Ratings said in its 2021 outlook.
VIP won’t recover for foreseeable future: Bernstein
Macau's VIP market won't fully recovery any time in the foreseeable future and gross gambling revenue in 2023 is still expected to be lower than the levels of 2015, Bernstein Research said in a note.
Premium mass seen as Macau’s short-term growth driver
Macau operators focused on the premium mass market are likely to significantly outperform in the short term, while the VIP sector may take another two years to recover, according to Bernstein Research.
Macau VIP rises 55.7 percent sequentially in Q3
Macau’s VIP GGR in the third quarter of this year registered an increase of 55.7 percent in relation to the previous three months, according to data published by the Gaming Inspection and Coordination Bureau (DICJ).
VIP baccarat accounts for 48% of Macau Q3 GGR
VIP baccarat revenue was up 51 percent quarter-on-quarter and made up almost 48 percent of the revenue for the quarter, while mass market revenue jumped 77 percent from Q2, accounting for 38 percent overall, according to government figures.
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.