Saturday, January 23, 2021

Devil in the details of digital RMB: Bernstein

The introduction of a digital renminbi into Macau would potentially have a positive impact on the gaming industry, easing cash flow for mass and premium mass players, but the “devil would be in the details,” says Bernstein Research.

Interview with Peter Johns: Edging towards convergence [video]

Peter Johns, chief commercial officer of IDX Games and a long-time Asia gaming executive, talks with Asia Gaming Brief Managing Editor Sharon Singleton about how new technologies are shaping the future of gaming and how more convergence with the online world is needed.

OTHER NEWS

Silver Heritage announced it has reshuffled its board following the completion of a deed of company arrangement. Former CEO Mike Bolsover is no longer a director, while DFNN's Ramon Garcia and Hatch Asia's Kirk Arambulo are among the new members.
PayTm First Games has reached an accord with Singapore-based ESports Players League to organize mobile eSports tournaments in India.
Hong Kong is taking its most drastic measures to date to curb the spread of Covid-19, locking down about 150 buildings in central Kowloon, affecting about 4,000 to 5,000 residents.
Australia's PointsBet is expanding further in the U.S., with its mobile app and digital sports betting product to go live in Michigan Friday, January 22. Michigan will mark the sixth operational state for PointsBet's  sports betting product.
In a series of announcements in recent days, all six Macau operators have now announced staff bonuses to most of their employees, generally equivalent to one month of extra pay.
Macau legislator José Pereira Coutinho has called on the city’s Chief Executive to take action against what he described as “collusion” between casinos and those responsible for regulating the gambling sector, in order to stop employment abuses.
SJM Holdings has announced it has entered into two purchase agreements for US$1 billion in US dollar-denominated senior notes intended to assist in repaying bank loans connected to the Grand Lisboa Palace project.
A passenger aboard one of the two special Air Macau flights coming from Tokyo, bringing 109 residents stranded abroad, has tested positive for Covid-19 in a test carried out upon arrival in Macau, becoming the first local case in seven months.
A total of 77 gambling addicts were added to the Macau Social Welfare Bureau central registration system last year, a 30 percent decrease compared to the 2019 figure.
The US District Court for the NMI has ordered Imperial Pacific International to cease operations and all construction work for a week—except for the department working on payroll and security—after ruling in favor of the US Department of Labor in its petition to find IPI and Chairwoman Cui Li Jie in contempt.
Yokohama city has launched its RFP process to build a major urban IR at the Yamashita Pier candidate site. The timeline calls for the operator partner to be selected in the summer and the agreement finalized in the autumn.
Lotte Tour Development is reportedly planning to submit its application to license its casino within Jeju Dream Tower this month. The firm is aiming for a March opening.
Thailand’s Pattaya region business leaders are reportedly divided over whether opening legal casinos would mitigate Thailand’s illegal gambling problem.
Aruze Gaming has announced the launch of the 5 reel, 243-way games, Wheel of Prosperity Dragon and Wheel of Prosperity Phoenix  in the Asian market.
Wynn Resorts said it will begin offering online gambling through its WynnBet venture in Michigan later this month. The service is already available in Colorado and New Jersey and has secured access in Indiana, Iowa, Nevada, and Massachusetts
The pro-native American stance of incoming U.S. President Joe Biden may be positive for Genting Malaysia's investment in a Mashpee Wampanoag casino project, Maybank wrote in a research note.

TRENDING ARTICLES

Tomakomai mayor presses Hokkaido to rejoin IR race

Tomakomai Mayor Hirofumi Iwakura has again pressed the Hokkaido prefectural authorities led by Governor Naomichi Suzuki to rejoin the IR race in the current cycle, arguing that the nine-month delay in the national licensing timeline provides adequate opportunity to resolve environmental and other concerns.
Covid-19 precautions in Macau casinos

December best month since pandemic for Macau, but outlook uncertain

Macau ended its annus horribilis on a slightly brighter note, with December gross gambling figures showing the best performance since January.

Almost half of IPI construction force must leave CNMI this month

Almost half, or 88 of the over the 200 construction workers of Imperial Pacific International, will have to leave the CNMI by the end of this month because their H-2B visas are expiring.
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Asia Gaming Briefings – Dec 2020 Edition

Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.
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While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
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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.