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Melco’s Morpheus open’s on June 15

George Miller

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Melco’s Morpheus to open June 15
Photo credits: cityofdreamsmacau.com
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Melco Resorts looks to open its latest addition to casino resort City of Dreams Macau – a new hotel tower named Morpheus – on June 15 2018. Stated the firm’s chairman and CEO Mr. Lawrence Ho Yau Lung during a press conference on Tuesday.

Mr. Ho added the new US$1.1-billion hotel tower would specifically cater to the premium mass segment, featuring no VIP junket areas.

From the get-go, we wanted to be different,” – commented Ho.

In most of our resorts, less than five percent of GFA is in gaming,” he said, adding that he designed Morpheus, and the City of Dreams portfolio to target the lucrative premium mass segment.

With COD, it was always meant to be a next-gen IR. That was always the goal of Morpheus too, which completes our COD rebrand,” he said.

There has been no one spending US$1.1 billion in a hotel tower – it is enough to build a resort,” he noted.

The investment is pretty large and we hope the Macau government will reward our efforts and grant us [new gaming] tables,” he continued.

At the press conference Mr. Ho also mentioned his new hotel brand called “Libertine” which is going to taske the place of Hard Rock Hotel in NYC 2019. Mr. Ho didn’t forget to mention its plans regarding the island of Cyprus, stating that groundbraking is going to begin on June 8, 2018.

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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Sasebo Chamber of Commerce Confirms Speakers for August 27th Seminar

Vlad Poptamas

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The Sasebo Chamber of Commerce / Nagasaki Marine IR Promotion Council have confirmed speakers for their seminar to be held on 27 August (Tuesday) at the Fuji International Hotel located in Sasebo City. Speakers will include Mr. Brendan Bussmann of Global Market Advisors, Dr. Glenn McCartney of the University of Macau and the Irish and European Chambers of Commerce (Macau), and Mr. Niall Murray, President of the Irish Chamber of Commerce (Macau). The seminar is expected to attract between 50 and 100 participants including local businesses from throughout Sasebo City, Nagasaki Prefecture and the Greater Kyushu Region. Presentations will include overviews on how the private sector should begin to formulate engagement plans with IR operators, as well as best practices with regards to how other Chambers of Commerce engage with both IR operators and the local business communities.

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Southeast Asian Countries Move Against Online Gambling

Niji Narayan

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Online and phone betting in Southeast Asian countries by punters from China have prompted Beijing to step up efforts to stem cross-border online gambling.

Southeast Asian countries are moving against their lucrative online gambling industries as Beijing clamps down on a practice that has ballooned due to demand from its own citizens.

The Philippine gaming regulator said that it would stop accepting applications for new online gaming operations at least until the end of the year, to review concerns about the burgeoning sector.

Cambodia’s Prime Minister Hun Sen has ordered a stop to new licences for online gambling operations. Existing licenses also will not be renewed upon expiry.

The about-turn in gambling policy in these Southeast Asian nations comes as China steps up efforts against what its minister for public security called “the cross-border online gambling problem.”

In the Philippines, more than 50 offshore gambling companies have permits to operate, over a hundred thousand Chinese workers had surged into Manila to staff the industry and property prices near gaming sites were booming.

Andrea Domingo, the Philippines’ gaming agency chair, while announcing the pause in new licenses emphasised that the practice is legal in the country, but that gaming revenue growth may be flat to slow this year due to China’s campaign.

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Cambodia to Ban the Issuance of Online Gambling Policy and Licenses

Niji Narayan

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Photo source: acboulle.org
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The Cambodian Government has issued a directive to stop the issuance of online gambling policy and licenses, both within and outside of Cambodia.

The government said that the industry had been used by foreign criminals to extort money. The southern coastal city of Sihanoukville has emerged as a particular centre for gambling and many of the dozens of Chinese-run casinos that have sprung up there have online gambling operations.

“The Royal Government of Cambodia will stop the issuance of online gambling policy and licenses, both within and outside of the Kingdom of Cambodia, from the date of signing this directive,” said the directive signed by Prime Minister Hun Sen.

“Some foreign criminals have taken refuge in the form of this gambling to cheat and extort money from victims, domestic and abroad, which affect the security, public order and social order,” the directive said.

China is Cambodia’s close ally, its biggest donor and investor. It has also been trying to crack down on cross-border gambling, criticising operations in the Philippines that are similar to those in Cambodia.

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