Connect with us
SIS

Asia

Casinos in Macau registers 22% revenue gain

Niji Narayan

Published

on

Photo credits: https://www.barrons.com
Reading Time: 1 minute

Gambling earnings in Macau rose by 22% in March.

According to figures released by Macau’s Gaming Inspection and Coordination Bureau on Sunday, that the gambling revenues in the Chinese territory rose by 22.2% to US$3.2 billion. This is significantly more than the projected growth of 13–18%.

March marked a 20th consecutive month of gains, with 22.2 per cent to US3.2 billion – significantly higher than the 13–18 per cent growth analysts had predicted for last month’s results. The numbers also represent a 6.79 per cent increase when compared to the US$2.9 billion achieved in February 2018.

Furthermore, accumulated gross gaming revenue for the first three months of 2018 totalled US$9.3 billion, a 20.5 per cent increase compared to the same period last year.

While brokerage Sanford Bernstein had put March’s GGR at a nine to twelve per cent growth with a lower performance by Macau casinos, the original projections were changed last week as ADR reached US$98 million and increased around 30 per cent year-on-year. According to analysts, that reflected increased foot traffic as a result of junket organised spring parties.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

Continue Reading
Advertisement
Comments

Asia

WinZO Announces $1.5 Million Fund to Support Game Developers

Niji Narayan

Published

on

WinZO Announces $1.5 Million Fund to Support Game Developers
Reading Time: 1 minute

 

The e-sports gaming platform WinZO has announced a $1.5 million fund to support game developers and acquire content for the platform.

“Through this fund, we are looking to partner with Gaming Studios as well as independent game developers by offering them an infrastructure to develop top quality content and a powerful platform to monetize their games from day one. A sector gets disrupted when the best brains of the world work actively towards unlocking its potential. Through this initiative, we look forward to interacting with highly enthusiastic and top-notch talent, keen at creating a dent in the global gaming ecosystem,” Paavan Nanda, Co-founder, WinZO said.

WinZO, which is backed by Kaalari Capital, offers more than 25 games on its app-based platform in ten languages. It aims to develop real-time multi-player mobile gaming experience that is social, inclusive and accessible for the first-time smartphone users in Tier 2 and Tier 3 markets.

WinZO would use the funds, set aside to develop localised content for the platform in partnership with cherry-picked game developers in India and around the world.

“WinZO’s social multi-player skill gaming platform clocked 100 million gaming minutes every day and has been able to successfully monetize this engagement. The company is growing 50 per cent month on month. On one hand, large OTTs platforms are struggling to monetize in India, but WinZO is facilitating the first-ever M&E transactions from the tier 2 or tier 3 audiences,” Paavan Nanda added.

Continue Reading

Asia

RummyCircle Names Prosenjit Chatterjee as Brand Ambassador

Niji Narayan

Published

on

RummyCircle Names Prosenjit Chatterjee as Brand Ambassador
Reading Time: 1 minute

 

Online rummy platform RummyCircle has selected popular Bengali actor Prosenjit Chatterjee as its Brand Ambassador.

RummyCircle, the largest online rummy platform in India, is an initiative of Play Games24x7 Pvt. Ltd. Prosenjit Chatterjee who has spent years on the wide screen is a big fan of the popular Indian card game rummy.

“Bengali people have always been fond of card games and rummy is one of the best entertaining card games of India. I am sure everyone will love this new experience of playing the card game online on rummycircle.com with players from all over India. It is really great fun,” Prosenjit said.

The brand unveils its new marketing campaign running with the name #BhorpurManoranjan, giving a completely new fan experience to its players.

“Online rummy is all about entertainment, what we call #BharpurManoranjan. And who better than Mr. Prosenjit Chatterjee who has been the face of the entertainment industry in West Bengal for over a decade. We are very excited to have such a talented person as our brand face and hopefully Bengalis will love playing online Rummy,” Avik Das Kanungo, Brand Head of RummyCircle said.

Continue Reading

Asia

Cambodian Secretary of State to address Mekong Gaming Summit, 10-12 September, 2019

George Miller

Published

on

Cambodian Secretary of State to address Mekong Gaming Summit, 10-12 September, 2019
Reading Time: 1 minute

 

AG Brief is delighted to confirm that the Ministry of Economy and Finance Secretary of State, H.E. Nguon Sokha, will give the opening address at the much-anticipated Mekong Gaming Summit in September.

The conference is due to take place at the Sofitel Phnom Penh from 10-11 September and has the full support of the Ministry of Economy and Finance (MOEF), one of the agencies responsible for gaming regulation, along with the Ministry of the Interior. Both will eventually form the Gaming Management Committee to implement and oversee the Kingdom’s new gaming legislation.

H.E. Mey Vann, director general of the MOEF, will also be speaking at the summit, and we expect to shortly also confirm the Directorate of Investment and Company Administration, Ministry of Investment and Foreign Economic Relations of Myanmar.

In addition to these addresses from government officials, the summit will provide investing and market perspectives on the land-based and online gaming opportunities in the key markets of Cambodia, Vietnam, Thailand, Laos and Myanmar.

Other highlights of the event include a special gala cocktail reception hosted by the capital’s premier casino and entertainment resort – NagaWorld – on the evening of Tuesday 10th September. Delegates will also be able to meet companies able to assist in setting up their businesses in the region at a table-top exhibition space in the Sofitel Grand Ballroom foyer.

Immediately following the conference, there will be an optional tour to Sihanoukville for those who would like to see the sheer scale of development in Asia’s new gambling mecca for themselves.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.