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Macau market value on the rise but licensing, Japan are concerns: analysts Macau’s market value will increase by 24% over the next two years to US$146 billion, according to Morgan Stanley analysts – but the base-case estimate could be heavily impacted by the impending license re-tendering process and potential threats from Japan and Hainan. According to a Monday morni...
Monday, 30 July 2018 06:13

Macau’s gaming and junket labor force rises in 2Q18 The number of people employed by Macau’s gaming and junket sector increased by 2,100 to 85,100 in the three months to 30 June 2018, according to information released by the Statistics and Census Service (DSEC). That figure means the gaming and junket sector comprises 22.1% of all people employed ...
Monday, 30 July 2018 05:50

Landing International issues positive profit warning for 1H18 Korean IR operator Landing International Development Limited has issued a positive profit warning, with net profit expected to rise by 500% for the six months to 30 June 2018. The expected increase in profit is mainly attributable to increased revenue from Landing’s gaming business in Jeju follow...
Monday, 30 July 2018 05:36

Lotte Tour to purchase Paradise Casino Jeju Lotte for US$39 million South Korea’s Lotte Tour Development Co is set to enter the gaming business after announcing on Friday that it will purchase the entire 100% stake in Paradise Group’s Paradise Casino Jeju Lotte. Lotte Tour will pay a total consideration of KRW43.4 billion (US$38.8 million) for Paradise Casino J...
Monday, 30 July 2018 05:29

Revenue down for Japanese pachinko giant Dynam The Japanese pachinko industry continues to face headwinds with the country’s second largest operator, Dynam Japan, suffering a 4.1% decline in gross pay-ins and 4.4% fall in revenue for the three months to 30 June 2018. Pay-ins for the quarter totaled ¥189 billion (US$1.7 billion), down from ¥...
Sunday, 29 July 2018 17:56

City of Dreams Manila drives Philippines partner Belle Corp to solid 1H growth Philippines real estate and gaming investor Belle Corporation saw its net income grow 11% to Php1.73 billion (US$32.5 million) in the six months to 30 June 2018, buoyed by the continued strong performance of City of Dreams Manila. In a filing to the Philippines Stock Exchange, Belle Corp announced...
Sunday, 29 July 2018 08:50

VIDEO: Week in Review Inside Asian Gaming takes a look back at the biggest stories of the past week.
Friday, 27 July 2018 06:48

Las Vegas Sands in “pole position” for Japan IR due to MICE track record: Adelson Las Vegas Sands (LVS) Chairman and CEO Sheldon Adelson says his previous experience aiding Japan’s MICE industry gives the company a huge advantage in the race to win one of the three coveted Japanese integrated resort licenses on offer following passage of the IR Implementation Bill last Friday. ...
Friday, 27 July 2018 06:31

Setback for Cotai LRT as court confirms ruling against award of construction contract Macau’s Court of Final Appeal has rejected an appeal by Chief Executive Fernando Chui Sai On against a March ruling from the Court of Second Instance revoking the government’s contract for construction of the Cotai depot of the city’s long-awaited Light Rapid Transit (LRT) system. Delivering ...
Friday, 27 July 2018 06:21

Naga3 likely in the works as NagaCorp hits Macau-like growth: Govertsen The enormous growth in gaming volumes enjoyed by Cambodian integrated resort operator NagaCorp since the launch of Naga2 in November will likely see the company move ahead with plans for a Naga3 expansion sooner rather than later, according to Union Gaming analyst Grant Govertsen. His comments foll...
Friday, 27 July 2018 05:55

What's new

Cebu City to move forward with casino resort plan

Cebu City to move forward with casino resort plan A Cebu City government official told local media on Monday that a proposed Php18 billion (US$356 million) integrated resort would proceed with its upcoming ground-breaking ceremony this Saturday in defiance of President Rodrigo Duterte’s apparent ban on new casinos. The IR, to be built on Kawit I... Tuesday, 21 August 2018 06:08

Success Universe issues positive profit alert

Success Universe issues positive profit alert Macau casino investor Success Universe has issued a positive profit alert ahead of its 1H18 results announcement next week. The group said late Monday that it expects to record an unaudited consolidated profit for the six months to 30 June compared with a loss for the same period last year. The pro... Tuesday, 21 August 2018 05:49

Another key departure as Cai Lingli steps down from Imperial Pacific board

Another key departure as Cai Lingli steps down from Imperial Pacific board Imperial Pacific International (IPI) has lost its second key board member in the space of a week with Cai Lingli – a relative of majority owner Cui Li Jie – stepping down as a director of the company and chairperson of the executive committee. Her departure comes just seven days after Marco Te... Tuesday, 21 August 2018 05:23

Melco Resorts confirms Studio City IPO plans in motion

Melco Resorts confirms Studio City IPO plans in motion Melco Resorts & Entertainment has confirmed that it is continuing preparations to launch an Initial Public Offering of shares in Studio City International Holdings – the holding company for its Studio City integrated resort in Macau. Updating the company’s intentions almost exactly a year s... Tuesday, 21 August 2018 04:56

Current Issue

OZ VIP: A new dawn

OZ VIP: A new dawn It has taken just 12 months for Australia’s VIP turnover to rebound following the arrests of 19 Crown Resorts employees in China in October 2016, but the balance of power between Australian operators has shifted dramatically in the process. By Ben Blaschke   Just 12 months after the release of... Sunday, 29 July 2018 22:32

Waiting for Garapan

Waiting for Garapan Imperial Pacific says it will miss another deadline for completing its Saipan casino hotel, and there’s no consensus on a completion date. Meanwhile, VIP roll and trade receivable numbers soar. By Muhammad Cohen   Imperial Pacific International continues to excel at manythings. Its monopoly ca... Sunday, 29 July 2018 22:27

License to thrill: How casino re-tendering will shape Macau’s future

License to thrill: How casino re-tendering will shape Macau’s future Professor Glenn McCartney takes a look at the impending Macau casino re-tendering process and why the government’s criteria for issuing licenses will shape the city’s tourism future. By Professor Glenn McCartney   Macau’s casino concession and sub-concession contracts will all end in a few... Sunday, 29 July 2018 22:21

Making live online gaming a reality

Making live online gaming a reality Latency has long been the ultimate challenge for online gaming operators in their quest to provide a quality product, but a new open framework technology could prove to be a game-changer. By Jaheer Abbas | Senior Director, SEA & India at Limelight Networks   It’s hard to imagine that onlin... Sunday, 29 July 2018 22:09