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Monday, April 19, 2021

Which casinos are open?

With so many lockdowns and restrictions happening across Asia's gaming jurisdictions, it is easy to lose track of which...

Online betting boosts Japan’s local horse racing

Revenue figures across Japan show that online betting for local horse racing, perhaps in part driven by the pandemic,...

Mass market dominance grows in Macau Q1

Macau’s Q1 gross gambling revenue breakdown clearly shows the mass market pulling ahead of the VIP sector, which is struggling to recover from the double-whammy of Covid and policy pressures in China.

Macau visitor numbers on upward trend

Macau’s slow but steady recovery continues to show evidence after recording its highest daily record of visitor arrivals since the start of the pandemic on Friday, with a total of 34,252 visitor arrivals.
Tiger Resort, Leisure and Entertainment reported that revenue from Okada Manila dropped 42 percent in Q1 amidst ongoing restrictions to Manila's casinos.
Quang Nam province in central Vietnam has put forward a proposal to host guests who have been vaccinated against Covid in two resorts, according to local media.
A full recovery in Macau could be delayed until 2023 as the slow rollout of vaccines prevents a significant easing of travel restrictions, Union Gaming writes.
Macau's gross gambling revenue continued to show a small sequential improvement in the third week of April, with visitation hitting a 15-month high, according to Bernstein Research.
Crown Resorts said a group of funds advised by Oaktree Capital Management has agreed to provide up to $3 billion in funding for the pany to buy back shares held by James Packer's Consolidated Press Holdings.
Police in China have busted an illegal gambling operation built on the EOS blockchain network.?The arrests are just another example of the wider crackdown on cross-border gambling initiated by Chinese authorities.
The Asian economy is expected to grow 6.5 percent in 2021, and will be a strong part of sustainable global recovery, according to reports released by the Boao Forum for Asia (BFA) Sunday.?
Mass market baccarat accounted for 51 percent of Macau's gross gambling revenue in the first quarter of this year, according to figures released by the Gaming Inspection and Coordination Bureau.
SkyCity Entertainment's earnings are recovering faster-than-expected from the Covid crisis, said Standard & Poors in a note raising its credit outlook to stable from negative.
Crown Resorts' largest shareholder has reached an accord with the New South Wales regulator under which it agreed not to seek representation on the board, share information with the pany or have discussions that are not in a public forum.
Austrian-based Novomatic Group said whilst its land-based division saw significant revenue loss, its online segment was able to generate growth in 2020.?
Genting Singapore on Thursday announced it has disregarded a resolution which would see an increase to chairman Tan Sri Lim Kok Thay’s performance share scheme (PSS) limit.?
Lotte Tour Development has the potential to see a turnaround in its performance this year, according to SK Securities analyst Seung-Doo Na.
Victor Blanco, who previously led Aristocrat's expansion into social casino and casual games will now oversee Scientific Games' technology strategy to support leadership across gaming, lottery, sports betting, and iGaming as well as support the development and execution of the pany's games.

INDUSTRY UPDATES

Sportradar said it has appointed former Bloomberg Chief Marketing Officer Deirdre M. Bigley to its board of directors.?
The game studio Mplay Games has recently signed an agreement with Solid Gaming to distribute their games. Mplay is a fast-growing game studio focusing on premium casino games for the Asian market and India in particular. The games are built with interactive functions to give the players a whole new game experience.?
Digitain?is delighted to announce that they will be?the?badge?sponsor?for?the uping?Russian?Gaming Week Exhibition taking place in Moscow on the 27th of April. ??
Pragmatic Play, a leading content provider to the gaming industry, has unveiled its newest hit, Floating Dragon Hold and Spin.
Sands China on Friday announced the establishment of an Environmental, Social, and Governance mittee.?
1xBet is in the running for both “Online Sports Betting Operator of the year” and “Affiliate Program of the year" at the Global Gaming Awards.
THE Philippine Amusement and Gaming Corporation (PAGCOR) has distributed fort food to healthcare frontliners through the contributions of Chairman and CEO Andrea Domingo and PAGCOR’s executive mittee members.
BBIN is once again being recognized by the Global Gaming Awards organizers and the panel of judges in 2021, after being shortlisted for the GGA Las Vegas in 2020.
Melco Resorts & Entertainment said it ha bee the first integrated resort operator in Macau and the Philippines to achieve the international third-party responsible gaming accreditation RG Check across all of its integrated resorts.
MGM recently held the “Seminar on Technology Application and Development of Green Buildings in China and Macau”.?

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 e 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.?

Life After POGOs – AGB Pop-Up Forum

The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.

Acquiring & Retaining iGaming Customers

In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.

Asia Gaming Briefings – April 2021 Edition

In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.

Asia Gaming Briefings – Feb 2021 Edition

The world is bouncing back, or at least ing to grips with the fact that going forward not much will be the same as before. mendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.

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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