Inside Asian Gaming

October 2015 inside asian gaming 43 installations in the Macau market, signing a three-year, 200-station recurring revenue deal, and installing at three beta sites. As part of our growth strategy, we are building an entire sales and support team for the region, and we are thrilled to welcome Brad to that team. His wealth of knowledge and experience will be crucial to the company globally and to our customers throughout the region.” Most recently, Mr Glencross was Technical Director for LT Game International, responsible for all international markets outside of Macau. Previously, he was with Shuffle Master Australia Limited, where he served as Product Manager and as Product Development Manager for Electronic Table Games Systems, as well as Technical Engineer. He has also served as System Support for Bytecraft and as System Analyst/Training Office/Product Manager for Bounty Limited. Mr Glencross also holds numerous certifications in Information Technology. Interblock is in a strong growth period in the Asia Pacific, steadily growing its footprint across the region in recent years, and recently installed its first electronic table games in New South Wales. NagaCorp Q3 Revenue Jumps 58% Bay, told the Philippines stock exchange that the reopening of the Jeju casino marks the first phase of the $15-million multi-stage refurbishment of Jeju Sun Hotel & Casino that began in May. The second phase will be completed by December. Bloomberry is keen on expanding in South Korea because of the country’s thriving tourism market and proximity to China. “There are so many Chinese and despite the downturn in their economy, the impact will not obliterate the visitation of Chinese nationals to other countries,” Bloomberry said in an e-mailed response to queries. “If you’ve been to Korea, you will appreciate that Chinese love to go to Korea to shop and play. This is not VIP but mass-to-premium mass market.” Aworld heritage site of theUnitedNations Educational, Scientific and Cultural Organization, Jeju Island is a popular vacation spot for Koreans, Chinese and Japanese. It attracted 2.3 million foreign tourists last year, 1.8 million of which were from China. Jeju Sun Hotel & Casino was formerly known as T.H.E. Hotel & Vegas Casino, one of seven casinos on Jeju Island. Bloomberry announced in March the signing of an agreement to buy a stake in the hotel and casino. Bloomberry owns 96.23% of Jeju Sun Hotel & Casino, 10% of which is held directly and 86.23% through subsidiary Solaire Korea Co., Ltd. Bloomberry’s foray comes at a time when analysts are warning that China’s slowdown could hurt the prospects of the Philippines’ fledgling integrated resort industry, which was kicked off by Bloomberry’s Solaire. “With China’s weakening currency, it will become more expensive for Chinese gamers to come to Manila,” said COL Head of Research April Lynn L. Tan. Noting “[t]here’s a lot of concern in the market,” Alexander Adrian O. Tiu, senior equity analyst at AB Capital Securities, Inc., said by phone: “We only have three players and two big players are entering the market in the next three to four years.” “The target people are not going to the Philippines. What we’ve expected is not happening. It’s a delicate market.” The Philippines’ other existing and upcoming casinos are City of Dreams Manila, a joint venture of retail magnate Henry Sy and Macau-based Melco Crown Entertainment; Resorts World Manila, a partnership of Alliance Global Group, Inc. (AGI) and Genting Group; Bayshore City Resorts World, the second AGI-Genting project; and Manila Bay Resorts of Japanese billionaire Kazuo Okada. REGIONAL BRIEFS NagaWorld Cambodian casino operator NagaCorp says business is up nearly one-half in the first nine months of 2015. NagaCorp, which operates NagaWorld, Cambodia’s largest casino, reported gross gaming revenue increased 47% year-on- year in the first nine months of the year to $400 million, a gain of nearly $128 million over the same period of 2014. Furthermore, the trend appears to be accelerating, with Q3 revenue up 57.8% to $144.5 million. NagaCorp’s aggressive courting of Macau junket operators paid off with year-to-date VIP turnover up 46% to $5.94 billion and revenue up 52% to $193.4 million. The more profitable mass market business saw table buy-ins rise 16% to $404.5 million and electronic gaming machine bills-in increased 11% to $986.1 million, resulting in total mass gaming revenue of $206.4 million, a 43% increase over the same period last year. Bloomberry starts first overseas operation Bloomberry Resorts Corp. kicked off its maiden venture overseas with the reopening this month of its recently acquired casino on Jeju Island in South Korea. Bloomberry, the owner of Solaire Resort & Casino in Manila Jeju Sun Hotel & Casino