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Macau gross gaming revenue to rise in October

George Miller

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Macau GGR to rise in October 2017
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Casino gross gaming revenue (GGR) in Macau is expected to increase 14 to 15 percent year-on-year in October even if the Golden Week showed a slower start this year, Japanese brokerage Nomura reported.

 

Last week’s memo revealed that October GGR typically lifts approximately 13 percent sequentially from September, which would translate into daily GGR of circa US$99.5 million for the month, implying year-on-year growth of approximately 12 percent. Nevertheless, trends seem to have normalised despite the slower than expected start this year. The Golden Week holiday period took place from October 1-8, and despite the slow start, visitors arrival’s aggregate number showed a 10.3 percent rise year-on-year.

Moreover, according to information released by the Gaming Inspection and Coordination Bureau (DICJ) on Monday, gross gaming revenue from the VIP Baccarat segment increased 35 percent year-on-year during the third quarter of 2017 to US$4.8 billion. The segment totaled 57.7 percent of all gaming revenue in the three month period, whilst mass gaming revenue increased 7.4 percent to US$28.3 billion.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Asia

Betinvest to present new iFrame product with Asia-specific interface in Macao

George Miller

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Betinvest to present new iFrame product with Asia-specific interface in Macao
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Betinvest is going to the very heart of the Asian entertainment industry – Macao – to take part in one of the gaming business’s leading international events. At stand D1229, the company will present its well-established sports betting products as well as its very latest solutions, such as iFrame Sportsbook. The Betinvest team have also announced that visitors will have the opportunity to get a €5,000 certificate which can be used towards the cost of any Betinvest product.

“We are delighted to be returning to G2E Asia this year, both to network and to present our new special offers. We were able to have a discussion with our Asian partners before the exhibition to find out all about the special needs and requirements of betting operators in Asia. We’re well prepared and hope that visitors to our stand will be pleasantly surprised by what we have to offer them,” said Betinvest’s VP of Business Development, Valentyn Kyrylenko.

“We’ll be presenting our new iFrame solution which offers unique opportunities to integrate and manage traditional Sportsbook and/or eSports betting. Our iFrame solution will be an essential tool for operators in any region. As for special features for the Asian market, we’ve made some changes in the backend according to the market’s needs and developed a corresponding frontend. I hope they’ll like it!” Kyrylenko added.

Between 21st and 23rd May 2019 at The Venetian Macao, the Betinvest team will showcase – and provide every visitor with an opportunity to try out for themselves – all of the company’s products and services. The core Betinvest products are Sportsbook and Data Feed, but the company also offers simple yet profitable in-house solutions such as Lottery, Keno and Roulette.

Betinvest will be exhibiting at stand D1229. You can book a meeting with the Betinvest team here.

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Asia

Angel Sets to Complete GPI Acquisition

Niji Narayan

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Angel Sets to Complete GPI Acquisition
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Angel Holdings Godo Kaisha is going to complete its acquisition of Gaming Partners International Corporation (GPI). GPI has already delivered a written communication to NASDAQ regarding the merging date.

Under the terms of the merger agreement with Angel, GPI stockholders will receive US$13.75 in cash per share in exchange for their shares. Upon completion of the deal, Angel will own 100% of GPI, making GPI a wholly-owned subsidiary of the company.

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Asia

Saipan Casino Control Commission Extends the Deadline for IPI’s IR Completion

Niji Narayan

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Saipan Casino Control Commission Extends the Deadline for IPI’s IR Completion
Photo Source: agbnippon.com
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The Saipan Casino Control Commission has agreed with Imperial Pacific International Holdings (IPI) to extend its integrated resort (IR) completion deadline until February, 2021.

IPL is now planning to open the Saipan casino resort by September, 2019. The developer made the announcement to the Hong Kong Stock Exchange. It explained that it hopes to open only phase 1 of its integrated resort development, called “Imperial Palace Saipan.”

The IR was expected to be completed by August, 2018, but IPI said it missed the deadline due to “the drastic reduction and non-availability of sufficient skilled and qualified construction labourers locally in Saipan and mainland USA.”

 

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