Sunday, April 18, 2021

Mass market dominance grows in Macau Q1

Macau’s Q1 gross gambling revenue breakdown clearly shows the mass market pulling ahead of the VIP sector, which is struggling to recover from the double-whammy of Covid and policy pressures in China.

Macau to reduce blue cards if unemployment continues rise

Macau Labor Affairs Bureau (DSAL) deputy director believes there will be fewer blue-card holders in Macau if the unemployment rate continues to rise. The last time unemployment was this high was around 2009-2011, shortly after the global financial crisis. Chan added that some industries will suffer more than others. 

Interview with Bobby Soper: Expansion in Korea and hopes for Japan...

Bobby Soper, the newly appointed international president at Mohegan Sun, talks to Asia Gaming Brief about the group’s vision for its resort in Incheon, South Korea and aspirations for a license in Nagasaki, Japan. He says the group’s entertainment-focused, non-gaming model will help to cushion Mohegan from the notorious volatility in South Korea’s foreigner-only casino market.

Pachinko revenues running 75% pre-pandemic levels

Across Japan, pachinko parlor revenues are running at about 75 percent of the levels that they attained before the onset of the Covid pandemic.

OTHER NEWS

Chinese bookings for Macau during the five day Golden Week holiday in May are up 20 percent over 2019 levels, according to Trip.com.
Mass market baccarat accounted for 51 percent of Macau's gross gambling revenue in the first quarter of this year, according to figures released by the Gaming Inspection and Coordination Bureau.
SkyCity Entertainment's earnings are recovering faster-than-expected from the Covid crisis, said Standard & Poors in a note raising its credit outlook to stable from negative.
Crown Resorts' largest shareholder has reached an accord with the New South Wales regulator under which it agreed not to seek representation on the board, share information with the company or have discussions that are not in a public forum.
Austrian-based Novomatic Group said whilst its land-based division saw significant revenue loss, its online segment was able to generate growth in 2020. 
Genting Singapore on Thursday announced it has disregarded a resolution which would see an increase to chairman Tan Sri Lim Kok Thay’s performance share scheme (PSS) limit. 
Lotte Tour Development has the potential to see a turnaround in its performance this year, according to SK Securities analyst Seung-Doo Na.
Victor Blanco, who previously led Aristocrat's expansion into social casino and casual games will now oversee Scientific Games' technology strategy to support leadership across gaming, lottery, sports betting, and iGaming as well as support the development and execution of the company's games.
Macau's tax revenue take from its gambling industry fell by 50 percent in Q1 to MOP9.1 billion ($1.14 billion), according to the Financial Services Bureau.
Las Vegas Sands has launched a multi-million dollar advertising campaign in an effort to convince lawmakers to legalise casinos in Texas.
Landing International said it has appointed Huang Wei as a non-executive director to oversee the group's theme park and hotel operations.
Bloomberry Resorts & Entertainment has pushed back the planned opening of its integrated resort in Quezon city to 2023 due to delays caused by Covid.
Only two out of eight casinos are currently open on Jeju island in South Korea, which saw revenue from its foreigner-only properties drop 60 percent last year.
Fitch Ratings has given a vote of confidence to the recovery in Macau, revising its outlook on the special administrative region to stable from negative.

INDUSTRY UPDATES

1xBet is in the running for both “Online Sports Betting Operator of the year” and “Affiliate Program of the year" at the Global Gaming Awards.
THE Philippine Amusement and Gaming Corporation (PAGCOR) has distributed comfort food to healthcare frontliners through the contributions of Chairman and CEO Andrea Domingo and PAGCOR’s executive committee members.
BBIN is once again being recognized by the Global Gaming Awards organizers and the panel of judges in 2021, after being shortlisted for the GGA Las Vegas in 2020.
Melco Resorts & Entertainment said it ha become the first integrated resort operator in Macau and the Philippines to achieve the international third-party responsible gaming accreditation RG Check across all of its integrated resorts.
MGM recently held the “Seminar on Technology Application and Development of Green Buildings in China and Macau”. 
Pragmatic Play says its complete collection of Live Casino products have been made available on GGPoker’s online casino
Game developer Evoplay has announced the launch of its latest enthralling slot title, Epic Legends. Fully optimised for mobile-gaming and developed using the latest in tech, Epic Legends is set...
Zitro has been shortlisted twice for the prestigious Global Gaming Awards London 2021, to be held on June 28th, coinciding with Clarions ICE Connect event.
Melco Resorts & Entertainment said its Studio City Phase 2 has been named winner of the ‘Regional Award, Asia’ at the BREEAM Awards, which recognize significant achievements in sustainable development. 
Norweign company EpiGuard’s innovative single patient isolation and transport system is now being pushed for use in the cruise industry. 

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