Saturday, December 2, 2023
TAGHong Kong Jockey Club-HKJC



Singapore MICE market expected to reach to $6.97 billion by 2030, says consultancy 

The Singapore Meetings, Incentives, Conferences, and Exhibitions (MICE) market size was valued at $3.82 billion in 2023 and is projected to grow to $6.97 billion by 2030, as reported by Coherent Market Insights, a global market intelligence, and consulting firm.

Jeju Dream Tower casino revenue down 9 percent m-o-m in November 

In November, the casino revenue at the Jeju Dream Tower resort in South Korea declined by approximately 9 percent, totaling KRW18 billion ($13.8 million). This information was reported by Lotte Tour Development Co, the resort’s operator.

Macau 2023 GGR likely at 62 percent of 2019 levels: Citigroup

Macau is projected to conclude 2023 with a gross gaming revenue (GGR) of MOP182 billion ($22.6 billion), approximately 62 percent of 2019 levels, according to Citigroup.

South Korea’s Paradise Co. gaming revenue was down 6.2 percent m-o-m in November

South Korean foreigner-only casino operator, Paradise Co., reported a 6.2 percent decline in casino gaming revenue on a month-on-month basis in November, amounting to KRW56.58 billion ($43.3 million). 

Macau November GGR down 17.7 percent m-o-m, to $2 billion

Macau's gross gaming revenue (GGR) amounted to MOP16 billion ($2 billion) in November, reflecting a 17.7 percent decline from October's MOP19.5 billion ($2.42 billion).

MGM Resorts unveils vision for New York casino

MGM Resorts has unveiled its vision for a proposed integrated resort in New York, as it competes for one of the three possible licenses that authorities are planning to issue in the state.

Delta Corp moves into the real estate sector with a joint venture with Peninsula Land

Indian casino operator Delta Corp. has announced that it is entering the real estate sector, via a joint venture with Peninsula Land.

Macau Airport passenger volume lags 50 percent behind pre-pandemic levels

From January to October, Macau's airport served 4.04 million passengers, slightly over 50 percent of the pre-pandemic 2019 total, according to the Civil Aviation Authority (AACM).

Marina Bay Sands preparing to tap $7.4 bln in bank loans to fund expansion

Marina Bay Sands is planning to gather S$10 billion ($7.4 billion) in bank loans to expand its hotel and entertainment business, Bloomberg reported.

Philippines GGR could reach at least $10 billion in full year 2027 says Scott Feeney

The Philippines’ Gross Gaming Revenue (GGR) will increase to at least $10 billion in the full year 2027, according to estimates from GCG Gaming Advisory Services.

Manufacturers express optimism for expansion as Asian markets grow

Manufacturers are seeing a bright future ahead, as markets such as Macau and the Philippines are roaring back post-COVID. Speaking to AGB at the MGS Entertainment Show, representatives of top companies pointed out what their current focus is, which products are hitting hardest and where they hope to see more growth.