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Analysts pick Wynn Macau Ltd VIP daily table as best in city

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Analysts pick Wynn Macau Ltd VIP daily table as best in city
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Analysts have found that Wynn Macau Ltd is one of the most efficient gambling operations in Macau. Its VIP tables registered the maximum win-per-unit-per day, which is 30 per cent higher than that for the average VIP table in the city. Wynn Macau Ltd, the Macau arm of US-based Wynn Resorts Ltd, operates two venues in the city: Wynn Macau on the city’s peninsula, and Wynn Palace, which opened in August 2016 in Cotai, the new casino district located in a landfill zone between the formerly separate islands of Taipa and of Coloane.

Sanford Bernstein analysts Vitaly Umansky, Zhen Gong and Kelsey Zhu said in their memo, referring to the health of the mainland China economy, said to be a major factor in Macau gambling spend: “For Wynn Macau [Ltd], we believe the market had overreacted to the China macro slowdown risks and the decelerating GGR [gross gaming revenue] environment.”

They added, referring second to a mass-market gambling segment where the players wager high stakes but in cash not credit: “Even though Wynn [Macau Ltd] has higher exposure to VIP than other operators, the market is underestimating Wynn [Macau Ltd]‘s strong position in premium mass, its superior operation and marketing capability and strong brand, [and] the continued ramp up growth opportunities at Wynn Palace.”

The brokerage said Wynn Macau Ltd had “the highest table yields in the Macau market helping drive strong operating leverage.”

It said – without specifying a timeline – that in VIP, Wynn’s tables generated nearly US$43,200 in win-per-unit-per day, a 30 per cent premium to the average VIP table in Macau. The institution said that in the mass segment, “table utilisation was strong as well” with the Macau operating unit generating nearly US$13,400 in win-per-unit-per day. Sanford Bernstein said that was a 47 per cent premium to the average Macau mass table.

The Macau unit’s stock had closed at HKD20.65 (US$2.63) on Tuesday in Hong Kong, a gain of 2.48 per cent on the day, according to Bloomberg data. The stock has produced a one-year return of 20.87 per cent.

In a report earlier this month, Sanford Bernstein had said anti-corruption investigations in China had recently reached a volume not seen since the end of 2015. The brokerage had mentioned such activity could play a role – with other factors – in moderating demand for VIP gambling in the Macau market, which overwhelmingly caters for Chinese customers in its high-roller rooms.

 

Source: ggrasia.com

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Asia

Onlyplay Enters into Strategic Partnership with Ritchie Rabbit

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Onlyplay has entered into a strategic partnership with online casino and betting company Ritchie Rabbit within the Asia region.

Ritchie Rabbit is said to have “extensive expertise and deep understanding of the Asian market,” which helps Onlyplay as it seeks to expand its presence in the region.

Through this deal, Onlyplay will introduce a range of games and features designed specifically for the Asian gaming community.

Onlyplay offers a wide range of games such as instant win, slots and crash games, and will now provide games for players in Asia.

Christina Muratkina, CEO of Onlyplay, said: “It is a great pleasure for us to develop the Asian region alongside Ritchie Rabbit. We recognize the immense potential of the Asian market and are committed to delivering top-notch gaming content and experiences to players in the region. This partnership represents a significant step forward in our efforts to offer innovative and engaging games that resonate with our Asian audience.”

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Asia

FBM(R) launches FBM E-Motion: the newest online gaming platform for the Philippines

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FBM® kicks off a new chapter of its Champion journey in the Philippines with the launch of FBM E-Motion! The online gaming platform disclosed yesterday in the FBM Champion’s Night event held at Xylo at The Palace in Taguig marks a historic moment for the global gaming brand in its pursuit of redefining the gaming experience of Filipino players.

FBM E-Motion promises to change the way local players interact with the FBM games. The online casino games developed under the FBM Group are now available for players in the Philippines to enjoy anytime and anywhere. Whether it is a video bingo, a slots theme or a table game, Filipino gaming enthusiasts have the control in the palm of their hands to start joyful gaming sessions.

One platform, multiple benefits for the players

The FBM E-Motion introduction means significant improvements to the local players’ gaming experience in multiple areas. The game’s accessibility is more convenient, as customers can access the platform with any desktop or mobile device.

Besides the improved accessibility, FBM E-Motion offers more gaming options since players can have fun playing various game categories from different providers. With more variety of gaming choices comes thrilling gaming opportunities as FBM E-Motion keeps users engaged with regular promotional campaigns, jackpots and bonuses to conquer.

In terms of safety and reliability, FBM E-Motion guarantees the highest quality standards. The platform got the license from PAGCOR, and all gaming services offered follow the excellence standards practiced by the FBM brand in the land-based universe, meeting all the criteria regarding legality and compliance with gaming regulations.

FBM E-Motion can be described as a user-centric platform, due to the prioritization of users’ needs, preferences, and overall satisfaction through a 24/7 dedicated customer service available in bingo halls nationwide.

This platform also stands out as the only digital platform allowing Filipino players to enjoy FBM games online in the Philippines.

FBM E-Motion is a game changer in the Filipino online gaming landscape

The release of FBM E-Motion materializes a new entertainment era for the FBM Group in the Philippines. With this step, FBM adds a new layer of engagement with the players’ community, allowing customers to try their favorite FBM titles inside and outside bingo halls in ways that were not possible.

The user-friendly interface of FBM E-Motion facilitates smooth navigation, stimulating players to try a solution crafted with cutting-edge technologies, attending to the latest trends of innovation and entertainment in this Asian country. Players can immerse themselves in a diverse range of memorable gaming experiences with FBM® exclusive games and video bingos, slots or table games provided by different providers.

The launch of FBM® E-Motion kicks off FBM®’s journey in the world of online gaming in the Philippines. With its promise of innovation, excitement and accessibility, the platform is ready to captivate players and redefine the future of their gaming experiences.

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Africa

Hub88 partners with LiveGames to enhance content offering

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Hub88 partners with LiveGames to enhance content offering
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Hub88 has partnered with live casino supplier LiveGames, further strengthening its product offering by adding a unique range of content to its platform.

LiveGames provides fully customisable online live dealer games and branded tables including the first vertical roulette table in the sector, along with crash games and the widely played Tombola.

The supplier delivers experiences with a player-focused design, easy to use mobile interface, and high-resolution broadcasts.

The partnership will support LiveGames’ goal to further expand in international markets, including Africa, Asia, and Latin America where Hub88 has a strong presence.

The deal showcases Hub88’s commitment to grow its ecosystem of partners, offering a diverse portfolio of products and content.

Ollie Castleman, Head of Hub88, said: “We’re thrilled to unveil this strategic partnership with LiveGames which sees us add a great provider to our platform, one that utilises modern technology to offer bespoke and personalised gaming experiences to players.

“We are looking forward to collaborating and strengthening our content library with their diverse games.”

The LiveGames Team said: “Our journey started in a small studio and as a team, we are excited about now expanding to every corner of the world together with Hub88 and their extensive operator network.

“We are committed to promoting innovation in the industry and this partnership will support us on that mission.”

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