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13:47 Tuesday 26 January 2021
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  • NEWS
    Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

    Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

    Time to shine

    Okada Manila issues warning against false rumors that business, assets are for sale

    TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

    TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

    Sheraton Grand Macao to remain in use as quarantine venues continue until end of April

    Sands China’s Sheraton Grand Macao to stop accepting quarantine guests during Chinese New Year

    Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October

    Chinese New Year bookings cancelled as China’s COVID outbreaks see Macau visitation slow: analysts

    Moody’s withdraws credit rating on Crown Resorts Euro Medium Term Notes, program said to be halted

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    • FEATURES
      2021: Japan IR – Crunch time

      2021: Japan IR – Crunch time

      In safe hands

      In safe hands

      A spirit of social responsibility

      A spirit of social responsibility

      Taxation tremors

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      10 years ago

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      Creating an RG culture beyond the boardroom

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      • PEOPLE
        Dave Smith: Smell of success

        Dave Smith: Smell of success

        Scientific Games insists liquidity position strong after adding US$480 million in debt, cutting costs

        Scientific Games appoints Eileen Moore Johnson as Executive Vice President and Chief Human Resources Officer

        Creation theory

        Creation theory

        Paltronics announces passing of Stephen Cowan, much-admired Managing Director

        Paltronics announces passing of Stephen Cowan, much-admired Managing Director

        Dark days

        POST-COVID2: The most transformative business shock of our lifetimes

        Dominic Laubach: Global explorer

        Dominic Laubach: Global explorer

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        • COLUMNISTS
          Memories of the man that was Sheldon Adelson

          Memories of the man that was Sheldon Adelson

          Big money

          A decade of differentiation

          A decade of differentiation

          How to set up for IR success

          How to set up for IR success

          Macau: Taking a sensible approach to responsible gaming

          Macau: Taking a sensible approach to responsible gaming

          Time to realign?

          Time to realign?

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          • TECH TALK
            Creation theory

            Sega Sammy Creation aiming for “maximum fortune” in 2021

            IGT launches new game for its strong performing Ying Cai Shen link

            IGT launches new game for its strong performing Ying Cai Shen link

            Jumbo given GLI certification for new Long Yi Fa jackpot link games

            Jumbo given GLI certification for new Long Yi Fa jackpot link games

            Aruze Gaming launches two new pachinko-inspired slot titles into Asia

            Aruze Gaming launches two new pachinko-inspired slot titles into Asia

            First-class showcase in the virtual space

            First-class showcase in the virtual space

            Badge of honor

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

              TVBET to enter the Montenegro iGaming market

              Manila restrictions ease as Duterte implements General Community Quarantine for National Capital Region

              Philippine police arrest eight alleged members of POGO-linked “kidnap for ransom” gang

              PAGCOR reveals substantial POGO revenue rise in 2018 as enforcement role defended

              Philippines court order preventing new 5% franchise tax could halt POGO exodus

              MGM Resorts looking to raise US$750 million via senior notes offering

              MGM Resorts considering US$13 billion takeover offer for Ladbrokes owner Entain

              Evolution launches world’s first online live Craps game

              Evolution launches world’s first online live Craps game

              Duterte extends “modified” quarantine measures across Metro Manila to 31 May

              PAGCOR sees regulatory fees from POGOs halved as Philippines online gaming industry shrinks

              Trending Tags

              • EVENTS
                AIGF leaders join SBC Digital India’s high-level speaker line-up

                AIGF leaders join SBC Digital India’s high-level speaker line-up

                Winter wonderland

                Alex Pratt, Stuart Hunter take the reins as ICE organizer Clarion Gaming announces management changes

                Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                Castle in the Sky

                Osaka IR & Inbound Business Seminar canceled due to COVID-19

                SBC launches new SBC Digital 2021 events program

                SBC launches new SBC Digital 2021 events program

                IAG named Lead Media Partner for Phil-Asian Gaming Expo (PAGE)

                Phil-Asian Gaming Expo says Manila’s SMX Convention Centre to be sole venue for PAGE 2021

                Trending Tags

                • MACAU
                  Sheraton Grand Macao to remain in use as quarantine venues continue until end of April

                  Sands China’s Sheraton Grand Macao to stop accepting quarantine guests during Chinese New Year

                  Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October

                  Chinese New Year bookings cancelled as China’s COVID outbreaks see Macau visitation slow: analysts

                  “Grand Lisboa Macau” name used in illegal online gambling operation in Vietnam

                  China’s digital yuan to benefit Macau casinos, boost mass and premium mass: Bernstein

                  Zhuhai to accept Macau’s COVID-19 test results

                  Macau on alert as Zhuhai records case of COVID-19 in self isolation

                  All eyes on recovery as MGM China, UMAC hold seminar for MGM staff on mainland China consumption habits

                  All eyes on recovery as MGM China, UMAC hold seminar for MGM staff on mainland China consumption habits

                  Macau registers first COVID-19 case since June in returning flight passenger

                  Macau registers first COVID-19 case since June in returning flight passenger

                  Trending Tags

                  • JAPAN
                    Reports Yokohama to start RFP in late January

                    Yokohama publishes IR public tender requirements as lengthy RFP begins

                    Macau imposes quarantine restrictions on arrivals from Japan, German, France and Spain

                    Foreign visitor arrivals to Japan down 97.7% year-on-year in December

                    Amax shareholders approve company name change, mobile games apps sale

                    Japan IR contender Oshidori issues positive profit warning on expected US$300 million profit in 2020

                    Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                    Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                    Creation theory

                    Sega Sammy Creation aiming for “maximum fortune” in 2021

                    2021: Japan IR – Crunch time

                    Osaka IR bid included in ordinance for unified Osaka city/prefecture council

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                      Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

                      Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

                      Time to shine

                      Okada Manila issues warning against false rumors that business, assets are for sale

                      TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

                      TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

                      AIGF leaders join SBC Digital India’s high-level speaker line-up

                      AIGF leaders join SBC Digital India’s high-level speaker line-up

                      Sheraton Grand Macao to remain in use as quarantine venues continue until end of April

                      Sands China’s Sheraton Grand Macao to stop accepting quarantine guests during Chinese New Year

                      Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October

                      Chinese New Year bookings cancelled as China’s COVID outbreaks see Macau visitation slow: analysts

                      Trending Tags

                      • POWER 50
                        Power restored

                        Power restored

                        2020 Asian Gaming Power 50: Top of the World

                        2020 Asian Gaming Power 50: Top of the World

                        2020 Asian Gaming Power 50: Meet the panel

                        2020 Asian Gaming Power 50: Meet the panel

                        2020 Asian Gaming Power 50: Ones to watch

                        2020 Asian Gaming Power 50 list

                        2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                        2020 Asian Gaming Power 50: Number 1 – Francis Lui

                        2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                        2020 Asian Gaming Power 50: Number 2 – Sheldon Adelson

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                        • NEWS
                          Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

                          Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

                          Time to shine

                          Okada Manila issues warning against false rumors that business, assets are for sale

                          TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

                          TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

                          Sheraton Grand Macao to remain in use as quarantine venues continue until end of April

                          Sands China’s Sheraton Grand Macao to stop accepting quarantine guests during Chinese New Year

                          Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October

                          Chinese New Year bookings cancelled as China’s COVID outbreaks see Macau visitation slow: analysts

                          Moody’s withdraws credit rating on Crown Resorts Euro Medium Term Notes, program said to be halted

                          Trending Tags

                          • FEATURES
                            2021: Japan IR – Crunch time

                            2021: Japan IR – Crunch time

                            In safe hands

                            In safe hands

                            A spirit of social responsibility

                            A spirit of social responsibility

                            Taxation tremors

                            Taxation tremors

                            10 years ago

                            10 years ago

                            Creating an RG culture beyond the boardroom

                            Trending Tags

                            • PEOPLE
                              Dave Smith: Smell of success

                              Dave Smith: Smell of success

                              Scientific Games insists liquidity position strong after adding US$480 million in debt, cutting costs

                              Scientific Games appoints Eileen Moore Johnson as Executive Vice President and Chief Human Resources Officer

                              Creation theory

                              Creation theory

                              Paltronics announces passing of Stephen Cowan, much-admired Managing Director

                              Paltronics announces passing of Stephen Cowan, much-admired Managing Director

                              Dark days

                              POST-COVID2: The most transformative business shock of our lifetimes

                              Dominic Laubach: Global explorer

                              Dominic Laubach: Global explorer

                              Trending Tags

                              • COLUMNISTS
                                Memories of the man that was Sheldon Adelson

                                Memories of the man that was Sheldon Adelson

                                Big money

                                A decade of differentiation

                                A decade of differentiation

                                How to set up for IR success

                                How to set up for IR success

                                Macau: Taking a sensible approach to responsible gaming

                                Macau: Taking a sensible approach to responsible gaming

                                Time to realign?

                                Time to realign?

                                Trending Tags

                                • TECH TALK
                                  Creation theory

                                  Sega Sammy Creation aiming for “maximum fortune” in 2021

                                  IGT launches new game for its strong performing Ying Cai Shen link

                                  IGT launches new game for its strong performing Ying Cai Shen link

                                  Jumbo given GLI certification for new Long Yi Fa jackpot link games

                                  Jumbo given GLI certification for new Long Yi Fa jackpot link games

                                  Aruze Gaming launches two new pachinko-inspired slot titles into Asia

                                  Aruze Gaming launches two new pachinko-inspired slot titles into Asia

                                  First-class showcase in the virtual space

                                  First-class showcase in the virtual space

                                  Badge of honor

                                  Badge of honor

                                  Trending Tags

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

                                    TVBET to enter the Montenegro iGaming market

                                    Manila restrictions ease as Duterte implements General Community Quarantine for National Capital Region

                                    Philippine police arrest eight alleged members of POGO-linked “kidnap for ransom” gang

                                    PAGCOR reveals substantial POGO revenue rise in 2018 as enforcement role defended

                                    Philippines court order preventing new 5% franchise tax could halt POGO exodus

                                    MGM Resorts looking to raise US$750 million via senior notes offering

                                    MGM Resorts considering US$13 billion takeover offer for Ladbrokes owner Entain

                                    Evolution launches world’s first online live Craps game

                                    Evolution launches world’s first online live Craps game

                                    Duterte extends “modified” quarantine measures across Metro Manila to 31 May

                                    PAGCOR sees regulatory fees from POGOs halved as Philippines online gaming industry shrinks

                                    Trending Tags

                                    • EVENTS
                                      AIGF leaders join SBC Digital India’s high-level speaker line-up

                                      AIGF leaders join SBC Digital India’s high-level speaker line-up

                                      Winter wonderland

                                      Alex Pratt, Stuart Hunter take the reins as ICE organizer Clarion Gaming announces management changes

                                      Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                                      Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                                      Castle in the Sky

                                      Osaka IR & Inbound Business Seminar canceled due to COVID-19

                                      SBC launches new SBC Digital 2021 events program

                                      SBC launches new SBC Digital 2021 events program

                                      IAG named Lead Media Partner for Phil-Asian Gaming Expo (PAGE)

                                      Phil-Asian Gaming Expo says Manila’s SMX Convention Centre to be sole venue for PAGE 2021

                                      Trending Tags

                                      • MACAU
                                        Sheraton Grand Macao to remain in use as quarantine venues continue until end of April

                                        Sands China’s Sheraton Grand Macao to stop accepting quarantine guests during Chinese New Year

                                        Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October

                                        Chinese New Year bookings cancelled as China’s COVID outbreaks see Macau visitation slow: analysts

                                        “Grand Lisboa Macau” name used in illegal online gambling operation in Vietnam

                                        China’s digital yuan to benefit Macau casinos, boost mass and premium mass: Bernstein

                                        Zhuhai to accept Macau’s COVID-19 test results

                                        Macau on alert as Zhuhai records case of COVID-19 in self isolation

                                        All eyes on recovery as MGM China, UMAC hold seminar for MGM staff on mainland China consumption habits

                                        All eyes on recovery as MGM China, UMAC hold seminar for MGM staff on mainland China consumption habits

                                        Macau registers first COVID-19 case since June in returning flight passenger

                                        Macau registers first COVID-19 case since June in returning flight passenger

                                        Trending Tags

                                        • JAPAN
                                          Reports Yokohama to start RFP in late January

                                          Yokohama publishes IR public tender requirements as lengthy RFP begins

                                          Macau imposes quarantine restrictions on arrivals from Japan, German, France and Spain

                                          Foreign visitor arrivals to Japan down 97.7% year-on-year in December

                                          Amax shareholders approve company name change, mobile games apps sale

                                          Japan IR contender Oshidori issues positive profit warning on expected US$300 million profit in 2020

                                          Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                                          Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                                          Creation theory

                                          Sega Sammy Creation aiming for “maximum fortune” in 2021

                                          2021: Japan IR – Crunch time

                                          Osaka IR bid included in ordinance for unified Osaka city/prefecture council

                                          Trending Tags

                                          • REGIONAL
                                            • All
                                            • Africa
                                            • Australia
                                            • Cambodia
                                            • China
                                            • CNMI
                                            • Europe
                                            • Hong Kong
                                            • India
                                            • Japan
                                            • Laos
                                            • Latin America
                                            • Macau
                                            • Malaysia
                                            • Nepal
                                            • New Zealand
                                            • North America
                                            • North Korea
                                            • Philippines
                                            • Russia
                                            • Singapore
                                            • South Korea
                                            • Sri Lanka
                                            • Thailand
                                            • Vietnam
                                            Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

                                            Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

                                            Time to shine

                                            Okada Manila issues warning against false rumors that business, assets are for sale

                                            TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

                                            TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

                                            AIGF leaders join SBC Digital India’s high-level speaker line-up

                                            AIGF leaders join SBC Digital India’s high-level speaker line-up

                                            Sheraton Grand Macao to remain in use as quarantine venues continue until end of April

                                            Sands China’s Sheraton Grand Macao to stop accepting quarantine guests during Chinese New Year

                                            Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October

                                            Chinese New Year bookings cancelled as China’s COVID outbreaks see Macau visitation slow: analysts

                                            Trending Tags

                                            • POWER 50
                                              Power restored

                                              Power restored

                                              2020 Asian Gaming Power 50: Top of the World

                                              2020 Asian Gaming Power 50: Top of the World

                                              2020 Asian Gaming Power 50: Meet the panel

                                              2020 Asian Gaming Power 50: Meet the panel

                                              2020 Asian Gaming Power 50: Ones to watch

                                              2020 Asian Gaming Power 50 list

                                              2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                                              2020 Asian Gaming Power 50: Number 1 – Francis Lui

                                              2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                                              2020 Asian Gaming Power 50: Number 2 – Sheldon Adelson

                                              Trending Tags

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                                              Aristocrat to stand down 1,000 staff, suspend interim dividend amid COVID-19 pressures but minimal impact on Asian operations

                                              Ben Blaschke by Ben Blaschke
                                              Monday 27 April 2020 at 14:16
                                              Aristocrat suspends internal travel in Asia but says material Coronavirus impact unlikely
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                                              Australian slot machine giant Aristocrat Leisure Limited has revealed it will temporarily stand down 1,000 staff and cut 200 jobs permanently as it looks to reduce costs as a result of the COVID-19 pandemic.

                                              But there will be no impact felt by Aristocrat’s Asia team, with all local staff retaining their roles and the company promising an increase in content production from the region.

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                                              Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October

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                                              Friday 22 January 2021 at 05:36
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                                              Providing an update on its COVID-19 response to the ASX on Monday, Aristocrat said it is standing down around 1,000 staff group-wide – equal to a quarter of its global workforce of 4,000 – until the end of June 2020 with the majority being in land-based sales, service and manufacturing operations, “reflecting venue closures and uncertain re-opening timeframes.”

                                              Another 200 roles will be made redundant, while 200 positions will move from full-time to part-time until the end of the financial year on 30 September 2020. In addition, until September the base salaries of around 1,500 staff will be cut by between 10% and 20%, directors will face a 20% cut to their fees and CEO Trevor Croker a 30% cut to his base salary.

                                              However, Inside Asian Gaming has learned that the impact will be minimal in Asia, where all staff will be retained with no impact to any customer-facing roles in sales or technical service nor to its production or supply chains given Aristocrat’s local facility at the Macau integration centre.

                                              The company also revealed to IAG an ongoing commitment to develop more content in and for Asia than previously in order to support the rebound of casinos through 2020 and 2021.

                                              Aristocrat said its extensive global cuts were deemed necessary due to “people costs” comprising around 70% of the company’s operating expenses.

                                              Also on the chopping block is this year’s interim dividend with directors deciding to suspend the dividend policy for the half-year results due to be released in 21 May 2020.

                                              Along with utilizing stimulus measures in Australia, the United States and some other markets where applicable, Aristocrat said it anticipates a cost saving of around AU$100 million (US$65 million) through 30 September 2020.

                                              Nevertheless, the company outlined liquidity in excess of AU$1 billion, comprising cash from operations and AU$150 million already drawn down from the group’s revolving credit facility. Another AU$136 million remains available after Aristocrat upsized that facility last week, it added.

                                              “We are very sensitive to the impact of necessary cost reduction measures on our people, and will work hard to support them through this difficult time consistent with our ‘people first’ approach,” said Croker.

                                              “We believe that these changes will help maximize opportunities for Aristocrat’s dedicated and talented people over the longer term. We will continue to do everything we can to restore momentum in our land-based business as quickly as possible recognizing the importance of continuing to develop and deliver game content during this period.

                                              “These changes, and other prudent steps we are taking as part of our COVID-19 response, will deliver important operational and financial flexibility, focus and efficiency through this period of uncertainty.”

                                              Tags: Aristocrat Leisure Limitedcovid-19interim dividendliquidityrevolving credit facilityslot machinesTrevor Croker
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                                              Ben Blaschke

                                              Ben Blaschke

                                              A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

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                                              Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

                                              Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

                                              by Ben Blaschke
                                              Tuesday 26 January 2021 at 05:56

                                              Ratings agency Fitch has warned that Genting Malaysia will likely be called upon, and respond, to provide additional funding to its US subsidiary Genting New York LLC should it continue to face “times of distress.” The potential for such capital...

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                                              by Newsdesk
                                              Tuesday 26 January 2021 at 05:34

                                              Philippines integrated resort Okada Manila has issued an advisory insisting there is no truth to rumors being spread about plans to sell its business and assets. Okada Manila, operated by Universal Entertainment Corp subsidiary Tiger Resort Leisure and Entertainment Inc,...

                                              TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

                                              TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

                                              by Newsdesk
                                              Tuesday 26 January 2021 at 05:04

                                              British gaming product developer TCSJohnHuxley says it has completed installation of its latest Blaze LED Technology across the gaming floor of Okada Manila. The technology allows for the projection of custom video animations through the layout by using energy efficient...

                                              AIGF leaders join SBC Digital India’s high-level speaker line-up

                                              AIGF leaders join SBC Digital India’s high-level speaker line-up

                                              by Newsdesk
                                              Tuesday 26 January 2021 at 04:52

                                              All India Gaming Federation (AIGF)CEO Roland Landers and General Secretary Sunil Krishnamurthy will be among the speakers at this week’s SBC Digital India event, where they will outline the potential of the country’s skills games industry and detail the AIGF’s...

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