Wednesday, October 28, 2020

Is LVS on an Asia acquisition trail?

Las Vegas Sands lobbed an “October surprise” into the world of the gaming industry, confirming it’s seeking buyers for its Nevada casinos, effectively leaving it as an Asia-only operator, with properties in Macau and Singapore.

NagaCorp Tim McNally unfazed by pandemic, blacklist [Podcast]

Tim McNally checks in with Asia Gaming Brief Asia editor Felix Ng to discuss the moves that NagaCorp has been making to offset the decline in international visitation this year. McNally also comments on NagaCorp’s initial thoughts on the China Tourism Blacklist, which we have discussed extensively over the past few weeks. 

Re-imagining Macau for a diversified future

This pandemic has changed the lives of many Macanese and millions of others globally. In this part of the world, we have moved from controlling its proliferation to managing a potential deep economic fallout as a result of it. 

IPI hotel construction hits a wall

The Commonwealth of the Northern Mariana Islands Department of Public Works (DPW) has informed Imperial Pacific International (IPI) that its hotel and casino project in Garapan, Saipan, is in violation of the Building Safety Code and must come to an immediate halt.

PAGCOR mulls online gambling for casinos

The Philippines Amusement and Gaming Corp (PAGCOR) is studying a proposal to allow land-based casinos accept bets online as operators and the government seek ways to mitigate losses due to Covid-19.

Bonus abuse seen as booming business

The number of “players” attempting to fraudulently take advantage of sign on bonuses and other incentives in igaming has risen almost 500 percent over the past three years and is expected to continue to be a major problem. 
PAGCOR has reported January-September revenues from gaming operations at PHP22.3 billion (US$460 million), down 60 percent year-on-year.
International tourists arrivals plunged by an annualised 70 percent during the first eight months of 2020 because of the coronavirus pandemic, the World Tourism Organization (WTO) has reported.
EveryMatrix’s remote gaming server RGS Matrix has signed an agreement, which will allow new game studio FunFair Games to distribute its new multiplayer game content through RGS Matrix’s ‘out of the box’ server.
A travel bubble between Hong Kong and Singapore is expected to come into force in November, renewing travel links between the two cities, Hong Kong CEO Carrie Lam says.
Las Vegas Sands Corp is considering the sale of its Las Vegas casinos and is seeking a price tag of about $6 billion and marking an exit from the US gambling industry. 
Saipan representative Tina Sablan is pushing for further clarity as to why Imperial Pacific International has been allowed to proceed with its construction project without approved documents. Her call came after the Department of Public Works admitted it had been trying to get the papers for at least a year. 
South Korea's economy returned to growth in the third quarter, expanding by 1.9 percent, in the fastest expansion since the first quarter of 2010, according to figures released by the Bank of Korea.
Macau's Health Bureau’s (SSM) Control of Communicable Diseases and Surveillance of Diseases Department Coordinator Leong Iek Hou says that those who have recently entered after having been in Xinjiang’s prefecture of Kashgar within the past 14 days pose a low COVID-19 risk to Macau.
Macau's gross gambling revenue for October is expected to be down 73 percent with channel checks showing GGR up until October 26 at MOP5.95 billion (US$747 million), according to Bernstein research. 
Crane Payment Innovations has launched an immersive new customer experience platform. This online showroom, designed to support all customers in all global markets, will first launch during the 2020 G2E virtual event.
The Chinese government is signaling its intention to use its digital currency policies as a tool to crack down on illegal online gambling. China Drafts Law to Legalize Digital Yuan,...
Universal Entertainment has announced the results of its notes offering in respect to US$600 million in notes placed outside of Japan in December 2018. The Results of Consent Solicitation and...
AGTech Holdings has announced that two of its virtual sports lottery games have been terminated, a football-themed virtual sports lottery game e-Ball Lottery in Jiangsu Province and a motor racing-themed virtual sports lottery game “Lucky Racing” in Hunan Province
The revenues of local governments in South Korea are being heavily impacted by the long-term suspension of operations at Kangwon Land, triggered by the Covid-19 pandemic, as well as a running dispute over the calculation of how much money the resort is obligated to pay to the abandoned mine fund.
About 700 potential investors were invited to Grand World Phu Quoc to get a preview of its entertainment offerings in advance of the facility’s grand opening, expected to create Vietnam’s “first sleepless city.”
In the latest twist in the Imperial Pacific International saga, it has been revealed that the local authorities allowed construction of the Saipan casino resort without providing approved construction plans.
The Yokohama Chamber of Commerce & Industry has reiterated its strong support for IR development in the city, even as Mayor Fumiko Hayashi stated that she would respect the results of a popular referendum that went against the initiative.
The Hyderabad police report that Chinese companies engaged in illegal online betting have been diverting money to app-based financing firms which aggressively pursue defaulters.

Macau visitation on the rise

Arrivals to Macau surged by 97.7 percent month-to-month to 449,085 last month, according to the Statistics and Census Bureau (DSEC). Meanwhile, hotel occupancy reached 16.4 percent.
Aristocrat Technologies, announced it has partnered with leading casino operator Boyd Gaming Corporation to launch Aristocrat’s cashless wagering digital wallet technology at Boyd Gaming’s Blue Chip Casino Resort Spa in Michigan City, Indiana.

Regions seen as outperformers

Regional casinos in the Philippines are likely to resume their outperformance once the global pandemic eases as infrastructure improves and major projects come online.

Kazakhstan scores own goal with sports betting changes

Recent changes to Kazakhstan’s sports betting law are likely to fuel black market gambling and slash tax revenue for the government, experts say.

Will Beijing’s sabre-rattling affect Chinese travel decisions?

China’s threat to draw up a blacklist of countries targeting gambling is most likely directed at the online industry, though may be enough to deter some travellers even if the government doesn’t follow through with its action.

Rightsizing Cambodia’s casino industry post-Covid 19

Through government action and a cultural norm of wearing face masks when ill, Cambodia has seen few get sick during the COVID-19 pandemic. According to the World Health Organization, Cambodia has 275 COVID cases and zero COVID-related deaths as of the last week of September. 
Macau Casino Dealer

Coronavirus live updates: Macau gaming workers to face more Covid-19 tests

The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...

Instant and secure deposits

AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.

Australian market report: How to adapt to the new normal

Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
AGB Webinar - iGaming Customer Acquisition

AGB Webinar Series: Aquiring & Retaining iGaming Customers

The next edition of the AGB Webinar Series will look at the future of iGaming customer acquisition and retention, which has been going through a transition period over the last year.
AGB Webinar Attracting Players, Not Fraudsters

Attracting players, not fraudsters

With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.
Winning The Future Chinese Tourist

Winning the Chinese Tourist & China Tourism Blacklist

The AGB Webinar hears from Professor Wolfgang Arlt of COTRI, Shirley Tam of Okada Manila and Desmond Lam of UMAC to discuss future expectations...
gaming webinar south korea

South Korea Casino Recovery

The fifth edition of the AGB Webinar Series will take you to South Korea, one of the first countries to reopen their gaming industry...

Ukrainian Gaming Week

Betting on Sports America

SBC Awards 2020

Sigma Malta Show

SIGMA Malta

asia gaming briefings OCT 20

Asia Gaming Briefings – Oct 2020 Edition

Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
asia gaming briefings Sep 20

Asia Gaming Briefings – Sep 2020 Edition

IN FOCUS: SPORTS BETTING Ball games bounce back. Major sporting events are slowly ramping up around the world and with them the drama and surprises, not all of them good for sports betting operators.
Asia Gaming Briefings AUG 2020

Asia Gaming Briefings – Aug 2020 Edition

IN FOCUS: AUSTRALIA Reopening pubs, online rethink and reflections on gambling behaviour The country tackled the first wave of the epidemic with relative success, however,...