Thursday, November 26, 2020
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Crown Sydney on track for Dec. opening

Crown Resorts said its new luxury resort in Sydney is still on track to open in December this year, despite the challenges posed by Covid-19.

Naga3 in advanced planning stage

NagaCorp says the third phase of its IR in Phnom Penh is in the advanced planning stage, after the opening of Naga2 late last year helped to almost double gross gambling revenue in the first nine months of the year.

VIP GGR to benefit from room openings: Bernstein

Macau’s overall gross gambling revenue is likely to rise about 3 percent to 4 percent in September after disruptions caused by Typhoon Mangkhut, though VIP revenue in the coming week may get a boost from new room openings, Bernstein Research says.

Bloomberry looks north for Manila expansion

Bloomberry Resorts Corporation, owner and operator of the Solaire Resort & Casino is looking north for its future expansion plans.

SJM H1 revenue gains 10 percent, though market share slips

SJM Holdings reported an almost 10 percent increase in net revenue for the first half of this year, though its share of the Macau market slipped in all categories.

NagaCorp H1 results soar

NagaCorp reported an 85 percent gain in interim gross gaming revenue, driven by VIP visitation to its new Naga 2 property and strong growth in the mass market.

Melco Q2 hit by bad luck; COD Manila and Altira drive performance

Melco Resorts & Entertainment reported an 8 percent gain in adjusted property EBITDA driven by its City of Dreams Manila and Altira properties, though overall revenue fell after a change in accounting practices.

Mass market leads Macau’s Q2 growth

The mass market overtook the VIP sector to lead growth in Macau’s gross gambling revenue in Q2 with a gain of 21 percent over the prior year, according to figures from the Gaming Inspection and Coordination Bureau.

June GGR tracking around 20 percent as mass picks up: MS

Macau’s gross gambling revenue is tracking for a 20 percent gain in June, helped the opening of Melco Resorts & Entertainment’s Morpheus Hotel and the Dragon Boat festival, Morgan Stanley said in a note.

June GGR tracking for 16-18 percent growth: Bernstein

Gross gambling revenue is tracking to growth between 16 percent and 18 percent in June if the currently daily rate is maintained throughout the month, Bernstein Research says.
Solid Gaming

Knowledge trumps content in Asia’s complex i-gaming world

In Asia’s complex and diverse igaming landscape, having the right content means business success only if one more key ingredient is included - market knowledge. 

Instant and secure deposits

AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.

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...

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Local demand drives surprise Singapore earnings beats

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Rough sailing for Japan’s pachinko industry

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