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2019 December 11 Wednesday
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  • NEWS
    PAGCOR approves first Philippines gaming hubs to house POGOs and their workers

    Philippine National Police reports 42 casino or POGO related kidnappings through November 2019

    Castle in the Sky

    Investor jitters in Japan as regulatory noose starts to tighten

    Osaka ramps up IR preparations

    IR revenue to be split by population between four special wards, according to Osaka Metropolis plan

    Wynn Macau looking to raise US$993 million through senior notes offering

    Wynn Macau looking to raise US$993 million through senior notes offering

    Kansai International Airport expansion to increase capacity by 70% ahead of 2025 World Expo

    Kansai International Airport expansion to increase capacity by 70% ahead of 2025 World Expo

    LRWC suggests Galaxy door ajar as Boracay position clarified

    Trending Tags

    • FEATURES
      The rise of Clark

      The rise of Clark

      Expanding horizons

      Expanding horizons

      Royce  rolling

      Royce rolling

      Water world

      Water world

      Made in Manila

      Made in Manila

      Thriller in  Manila

      Thriller in Manila

      Trending Tags

      • PEOPLE
        American Gaming Association names Aristocrat’s Trevor Croker as new Chairman

        American Gaming Association names Aristocrat’s Trevor Croker as new Chairman

        Vicky Chan: Rising star

        Vicky Chan: Rising star

        Journey into Asia

        Journey into Asia

        It’s Miller Time

        It’s Miller Time

        Mark Howell: African ambition

        Mark Howell: African ambition

        Why not Wakayama?

        Why not Wakayama?

        Trending Tags

        • COLUMNISTS
          Asia’s cybersecurity threat

          Asia’s cybersecurity threat

          5 Emerging  technologies  to transform  gaming

          5 Emerging technologies to transform gaming

          Japan: No prize for second

          Japan: No prize for second

          Dealer dilemma

          Dealer dilemma

          Casinos can innovate – and win new fans

          Casinos can innovate – and win new fans

          Lost in translation

          Lost in translation

          Trending Tags

          • TECH TALK
            Good business, good citizen

            Good business, good citizen

            The perfect score

            The perfect score

            Born to perform in Asia

            Born to perform in Asia

            Aristocrat’s “Ba Bao Huang Long” receives Best Theme award at MGS Entertainment Show 

            Aristocrat’s “Ba Bao Huang Long” receives Best Theme award at MGS Entertainment Show 

            Aristocrat releases new MarsX cabinet to Asia-Pacific venues

            Aristocrat to unveil MarsX cabinet at MGS Entertainment Show

            TCSJOHNHUXLEY develops Watford Football Club-themed roulette wheel

            TCSJOHNHUXLEY develops Watford Football Club-themed roulette wheel

            Trending Tags

            • iGAMING
              Live-games integration as an effective marketing tool for increasing bets

              Live-games integration as an effective marketing tool for increasing bets

              Betsoft soars to new levels with “Dragon & Phoenix”

              Betsoft soars to new levels with “Dragon & Phoenix”

              Betsoft releases new video slot “Take the Bank”

              Betsoft releases new video slot “Take the Bank”

              QTech Games sees Asian turnover soar in 3Q19

              Betsoft signs Bombagames deal

              Betsoft signs Bombagames deal

              Betsoft signs Play Royal content deal

              Betsoft signs Play Royal content deal

              Trending Tags

              • EVENTS
                Hitting the Heights

                Hitting the Heights

                Growing strong

                Growing strong

                Thriller in  Manila

                Thriller in Manila

                Power play

                Power play

                Climbing the summit

                Climbing the summit

                Francis Lui tops 2019 Asian Gaming Power 50!

                Francis Lui tops 2019 Asian Gaming Power 50!

                Trending Tags

                • MACAU
                  Wynn Macau looking to raise US$993 million through senior notes offering

                  Wynn Macau looking to raise US$993 million through senior notes offering

                  VIP Baccarat falls below 50% of Macau GGR contribution in 2Q19 as mass continues to rise

                  Tightened visa restrictions showing negative impact on Macau’s December GGR

                  Wynn Macau

                  Wynn Macau Ltd reveals improved October revenues as US$130 million peninsula property renovation nears completion

                  Macau Light Rapid Transit to start public services today, connecting Cotai IRs

                  Macau Light Rapid Transit to start public services today, connecting Cotai IRs

                  Lei Wai Nong appointed to oversee Macau casino industry under new-look Ho Iat Seng government

                  Lei Wai Nong appointed to oversee Macau casino industry under new-look Ho Iat Seng government

                  Suncity re-opens City of Dreams VIP club with world-first indoor golf facility

                  Melco Resorts to open in-house nursery for Macau employees

                  Trending Tags

                  • JAPAN
                    Castle in the Sky

                    Investor jitters in Japan as regulatory noose starts to tighten

                    Osaka ramps up IR preparations

                    IR revenue to be split by population between four special wards, according to Osaka Metropolis plan

                    Kansai International Airport expansion to increase capacity by 70% ahead of 2025 World Expo

                    Kansai International Airport expansion to increase capacity by 70% ahead of 2025 World Expo

                    Chiba city

                    Details of Chiba RFI proposals announced, early 2020 bid decision expected

                    Lawrence Ho tipping Yokohama IR cost of “at least US$10 billion”

                    Lawrence Ho tipping Yokohama IR cost of “at least US$10 billion”

                    Mohegan “evaluating our options” after Hokkaido’s withdrawal from Japan IR race

                    Trending Tags

                    • REGIONAL
                      • All
                      • Africa
                      • Australia
                      • Cambodia
                      • China
                      • CNMI
                      • Europe
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                      • India
                      • Japan
                      • Laos
                      • Macau
                      • Malaysia
                      • Nepal
                      • New Zealand
                      • North America
                      • North Korea
                      • Philippines
                      • Russia
                      • Singapore
                      • South Korea
                      • Sri Lanka
                      • Thailand
                      • Vietnam
                      PAGCOR approves first Philippines gaming hubs to house POGOs and their workers

                      Philippine National Police reports 42 casino or POGO related kidnappings through November 2019

                      Castle in the Sky

                      Investor jitters in Japan as regulatory noose starts to tighten

                      Osaka ramps up IR preparations

                      IR revenue to be split by population between four special wards, according to Osaka Metropolis plan

                      Wynn Macau looking to raise US$993 million through senior notes offering

                      Wynn Macau looking to raise US$993 million through senior notes offering

                      Kansai International Airport expansion to increase capacity by 70% ahead of 2025 World Expo

                      Kansai International Airport expansion to increase capacity by 70% ahead of 2025 World Expo

                      LRWC suggests Galaxy door ajar as Boracay position clarified

                      Trending Tags

                      • POWER 50
                        Power play

                        Power play

                        Regional competition impacted 2019 Asian Gaming Power 50 list: CEO

                        Regional competition impacted 2019 Asian Gaming Power 50 list: CEO

                        Power Play

                        Power Play

                        2019 Asian Gaming Power 50: Meet the panel

                        2019 Asian Gaming Power 50: Meet the panel

                        2019 Big 50 List

                        2019 Big 50 List

                        Francis Lui tops 2019 Asian Gaming Power 50!

                        2019 Asian Gaming Power 50: Number 1 – Francis Lui

                        Trending Tags

                        • 中文
                        • 日本語
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                        • NEWS
                          PAGCOR approves first Philippines gaming hubs to house POGOs and their workers

                          Philippine National Police reports 42 casino or POGO related kidnappings through November 2019

                          Castle in the Sky

                          Investor jitters in Japan as regulatory noose starts to tighten

                          Osaka ramps up IR preparations

                          IR revenue to be split by population between four special wards, according to Osaka Metropolis plan

                          Wynn Macau looking to raise US$993 million through senior notes offering

                          Wynn Macau looking to raise US$993 million through senior notes offering

                          Kansai International Airport expansion to increase capacity by 70% ahead of 2025 World Expo

                          Kansai International Airport expansion to increase capacity by 70% ahead of 2025 World Expo

                          LRWC suggests Galaxy door ajar as Boracay position clarified

                          Trending Tags

                          • FEATURES
                            The rise of Clark

                            The rise of Clark

                            Expanding horizons

                            Expanding horizons

                            Royce  rolling

                            Royce rolling

                            Water world

                            Water world

                            Made in Manila

                            Made in Manila

                            Thriller in  Manila

                            Thriller in Manila

                            Trending Tags

                            • PEOPLE
                              American Gaming Association names Aristocrat’s Trevor Croker as new Chairman

                              American Gaming Association names Aristocrat’s Trevor Croker as new Chairman

                              Vicky Chan: Rising star

                              Vicky Chan: Rising star

                              Journey into Asia

                              Journey into Asia

                              It’s Miller Time

                              It’s Miller Time

                              Mark Howell: African ambition

                              Mark Howell: African ambition

                              Why not Wakayama?

                              Why not Wakayama?

                              Trending Tags

                              • COLUMNISTS
                                Asia’s cybersecurity threat

                                Asia’s cybersecurity threat

                                5 Emerging  technologies  to transform  gaming

                                5 Emerging technologies to transform gaming

                                Japan: No prize for second

                                Japan: No prize for second

                                Dealer dilemma

                                Dealer dilemma

                                Casinos can innovate – and win new fans

                                Casinos can innovate – and win new fans

                                Lost in translation

                                Lost in translation

                                Trending Tags

                                • TECH TALK
                                  Good business, good citizen

                                  Good business, good citizen

                                  The perfect score

                                  The perfect score

                                  Born to perform in Asia

                                  Born to perform in Asia

                                  Aristocrat’s “Ba Bao Huang Long” receives Best Theme award at MGS Entertainment Show 

                                  Aristocrat’s “Ba Bao Huang Long” receives Best Theme award at MGS Entertainment Show 

                                  Aristocrat releases new MarsX cabinet to Asia-Pacific venues

                                  Aristocrat to unveil MarsX cabinet at MGS Entertainment Show

                                  TCSJOHNHUXLEY develops Watford Football Club-themed roulette wheel

                                  TCSJOHNHUXLEY develops Watford Football Club-themed roulette wheel

                                  Trending Tags

                                  • iGAMING
                                    Live-games integration as an effective marketing tool for increasing bets

                                    Live-games integration as an effective marketing tool for increasing bets

                                    Betsoft soars to new levels with “Dragon & Phoenix”

                                    Betsoft soars to new levels with “Dragon & Phoenix”

                                    Betsoft releases new video slot “Take the Bank”

                                    Betsoft releases new video slot “Take the Bank”

                                    QTech Games sees Asian turnover soar in 3Q19

                                    Betsoft signs Bombagames deal

                                    Betsoft signs Bombagames deal

                                    Betsoft signs Play Royal content deal

                                    Betsoft signs Play Royal content deal

                                    Trending Tags

                                    • EVENTS
                                      Hitting the Heights

                                      Hitting the Heights

                                      Growing strong

                                      Growing strong

                                      Thriller in  Manila

                                      Thriller in Manila

                                      Power play

                                      Power play

                                      Climbing the summit

                                      Climbing the summit

                                      Francis Lui tops 2019 Asian Gaming Power 50!

                                      Francis Lui tops 2019 Asian Gaming Power 50!

                                      Trending Tags

                                      • MACAU
                                        Wynn Macau looking to raise US$993 million through senior notes offering

                                        Wynn Macau looking to raise US$993 million through senior notes offering

                                        VIP Baccarat falls below 50% of Macau GGR contribution in 2Q19 as mass continues to rise

                                        Tightened visa restrictions showing negative impact on Macau’s December GGR

                                        Wynn Macau

                                        Wynn Macau Ltd reveals improved October revenues as US$130 million peninsula property renovation nears completion

                                        Macau Light Rapid Transit to start public services today, connecting Cotai IRs

                                        Macau Light Rapid Transit to start public services today, connecting Cotai IRs

                                        Lei Wai Nong appointed to oversee Macau casino industry under new-look Ho Iat Seng government

                                        Lei Wai Nong appointed to oversee Macau casino industry under new-look Ho Iat Seng government

                                        Suncity re-opens City of Dreams VIP club with world-first indoor golf facility

                                        Melco Resorts to open in-house nursery for Macau employees

                                        Trending Tags

                                        • JAPAN
                                          Castle in the Sky

                                          Investor jitters in Japan as regulatory noose starts to tighten

                                          Osaka ramps up IR preparations

                                          IR revenue to be split by population between four special wards, according to Osaka Metropolis plan

                                          Kansai International Airport expansion to increase capacity by 70% ahead of 2025 World Expo

                                          Kansai International Airport expansion to increase capacity by 70% ahead of 2025 World Expo

                                          Chiba city

                                          Details of Chiba RFI proposals announced, early 2020 bid decision expected

                                          Lawrence Ho tipping Yokohama IR cost of “at least US$10 billion”

                                          Lawrence Ho tipping Yokohama IR cost of “at least US$10 billion”

                                          Mohegan “evaluating our options” after Hokkaido’s withdrawal from Japan IR race

                                          Trending Tags

                                          • REGIONAL
                                            • All
                                            • Africa
                                            • Australia
                                            • Cambodia
                                            • China
                                            • CNMI
                                            • Europe
                                            • Hong Kong
                                            • India
                                            • Japan
                                            • Laos
                                            • Macau
                                            • Malaysia
                                            • Nepal
                                            • New Zealand
                                            • North America
                                            • North Korea
                                            • Philippines
                                            • Russia
                                            • Singapore
                                            • South Korea
                                            • Sri Lanka
                                            • Thailand
                                            • Vietnam
                                            PAGCOR approves first Philippines gaming hubs to house POGOs and their workers

                                            Philippine National Police reports 42 casino or POGO related kidnappings through November 2019

                                            Castle in the Sky

                                            Investor jitters in Japan as regulatory noose starts to tighten

                                            Osaka ramps up IR preparations

                                            IR revenue to be split by population between four special wards, according to Osaka Metropolis plan

                                            Wynn Macau looking to raise US$993 million through senior notes offering

                                            Wynn Macau looking to raise US$993 million through senior notes offering

                                            Kansai International Airport expansion to increase capacity by 70% ahead of 2025 World Expo

                                            Kansai International Airport expansion to increase capacity by 70% ahead of 2025 World Expo

                                            LRWC suggests Galaxy door ajar as Boracay position clarified

                                            Trending Tags

                                            • POWER 50
                                              Power play

                                              Power play

                                              Regional competition impacted 2019 Asian Gaming Power 50 list: CEO

                                              Regional competition impacted 2019 Asian Gaming Power 50 list: CEO

                                              Power Play

                                              Power Play

                                              2019 Asian Gaming Power 50: Meet the panel

                                              2019 Asian Gaming Power 50: Meet the panel

                                              2019 Big 50 List

                                              2019 Big 50 List

                                              Francis Lui tops 2019 Asian Gaming Power 50!

                                              2019 Asian Gaming Power 50: Number 1 – Francis Lui

                                              Trending Tags

                                              • 中文
                                              • 日本語
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                                              IAG
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                                              Falling VIP volume marks tough quarter for Genting Singapore

                                              Newsdesk by Newsdesk
                                              Friday 10 May 2019 at 06:50
                                              Increased entry levy to hurt Genting Singapore in 2019 and beyond: analysts
                                              450
                                              VIEWS

                                              Lower VIP volumes on the back of China’s slowing economy saw Genting Singapore’s revenue, Adjusted EBITDA and net profit all suffer declines in 1Q19, despite a quarter aided by good luck.

                                              Revenue at Resorts World Sentosa (RWS) for the three months to 31 March 2019 was SG$640.4 million (US$469.4 million), down 5% year-on-year, with Adjusted EBITDA falling 8% to SG$329.7 million (US$241.6 million) – although EBITDA was substantially higher than the SG$286.0 million reported in 4Q18. Net profit after taxation fell 5% to SG$205.5 million.

                                              RelatedPosts

                                              Tightened visa restrictions showing negative impact on Macau’s December GGR

                                              Philippines IR market leader Solaire reclaiming lost share in 2019

                                              Increased Grand Emperor Hotel stake boosts Emperor Entertainment’s profit surge through 1H20

                                              Load More

                                              The results followed a 19% decline in VIP volume to SG$7.6 billion (US$5.57 billion) for the period, with management pointing to Chinese uncertainty and geopolitical frictions which it says “continue to cast a cloud of uncertainty for 2019.”

                                              In his results recap, Union Gaming’s Grant Govertsen also suggested customers were patronizing other regional properties in relatively close proximity to Singapore, estimating a full-year decline of 12% in VIP volumes at RWS in 2019.

                                              RWS saw its Singapore VIP market share fall to 44% in 1Q19, down from 47% in the fourth quarter of 2018.

                                              Govertsen estimates that mass GGR grew by around 3% for the quarter, but adds, “we are not optimistic on this segment for RWS in the context of recently enacted higher entry levies, which we believe will weigh on both revenue and margin. Even prior to the enactment of higher levies, some number of mass customers were trialing other regional properties and we expect this dynamic to increase over the coming months as these properties can increasingly offer compelling value even for lower-tier customers.”

                                              Genting Singapore recently announced an impending SG$4.5 billion expansion of RWS, adding more gaming and non-amenities plus another 1,100 hotel rooms which are expected to come online by 2024.

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                                              Current Issue

                                              The rise of Clark

                                              The rise of Clark

                                              by Ben Blaschke
                                              Tuesday 26 November 2019 at 17:32

                                              Singled out by the government as a vital new economic center for the Philippines, Clark is not only an emerging business and tourism destination but is rapidly positioning itself as Asia’s next major casino hub. It’s 11am on a Monday morning and the roads outside Clark International Airport, located right...

                                              Hitting the Heights

                                              Hitting the Heights

                                              by Ben Blaschke
                                              Tuesday 26 November 2019 at 17:09

                                              Covering 309 hectares, D’Heights Resort & Casino is leading the new wave of casino and tourism developments in the Clark Freeport Zone. Edwin D. Mendoza is quick to point out that D’Heights Resort & Casino was given its name for a reason. “It’s actually a play on words,” the Director...

                                              Growing strong

                                              Growing strong

                                              by Ben Blaschke
                                              Tuesday 26 November 2019 at 16:56

                                              Widus Hotel & Casino is a standout example of just how far Clark’s casino industry has come in less than a decade. One of the foundation properties of the Clark area, having first opened as a hotel in 2008, Widus Hotel & Casino is now leading the charge of new...

                                              Expanding horizons

                                              Expanding horizons

                                              by Ben Blaschke
                                              Tuesday 26 November 2019 at 16:38

                                              Malaysian gaming machine supplier RGB is playing its part in the incredible growth story of the Philippines’ land-based gaming industry. Based in Malaysia but with expanding interests all across Asia, gaming machine distributor RGB International Bhd has enjoyed a front row seat to the explosive growth of the Philippines market...

                                              Related Posts

                                              PAGCOR approves first Philippines gaming hubs to house POGOs and their workers

                                              Philippine National Police reports 42 casino or POGO related kidnappings through November 2019

                                              by Newsdesk
                                              Wednesday 11 December 2019 at 16:42

                                              The Philippines reported 42 cased of kidnapping related either to casinos or POGOs in the first 11 months of 2019, according to latest figures from the Anti-Kidnapping Group (AKG) of the Philippine National Police (PNP). The kidnappings, which primarily involved...

                                              Castle in the Sky

                                              Investor jitters in Japan as regulatory noose starts to tighten

                                              by Ben Blaschke
                                              Wednesday 11 December 2019 at 07:01

                                              For so long considered Asian gaming’s next golden goose, could the shine be starting to wear off Japan’s burgeoning integrated resort industry? In the wake of the latest negative headlines to knock circling IR operators down a peg – namely...

                                              Osaka ramps up IR preparations

                                              IR revenue to be split by population between four special wards, according to Osaka Metropolis plan

                                              by Newsdesk
                                              Wednesday 11 December 2019 at 06:50

                                              A legal conference to discuss the Osaka Metropolis plan system, which will eliminate Osaka city and reorganize it into four special wards, was held on Tuesday where Osaka Ishin (Initiatives from Osaka) and the Komeito (Clean Government Party) parties aligned....

                                              Wynn Macau looking to raise US$993 million through senior notes offering

                                              Wynn Macau looking to raise US$993 million through senior notes offering

                                              by Newsdesk
                                              Wednesday 11 December 2019 at 06:38

                                              Wynn Macau Ltd has confirmed it will issue US$1 billion 5.125% senior notes due 2029 in order to raise funds to repay debt. Details of the offering follow a previous announcement of the proposal on Tuesday in which the company...

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