Asia

Gaming revenues could be up by 21% in Macau

Published

2 years ago

April 11, 2018

Niji Narayan

Photo credits: onlinepoker.net

Reading Time: 1 minute

Bernstein analysts estimated an average daily revenue (ADR) of US$97 million during the first week of April for the gaming sector in Macau. In a note circulated, Bernstein recorded that between April 1st and 8th, a 19 per cent year-on-year increase was seen when compared to the same figure last year.

Daily results are 8 per cent lower than March, with VIP hold rate below normal during April, which resulted in a daily VIP revenue drop month-to-month, but with daily mass-market volumes slightly up.

Bernstein estimated that if ADR remains at this level, April is set to end with total gaming revenues between US$2.8 billion andUS$2.9 billion, a year-over-year increase of 17–21 per cent.

The firm also talked about a small Macau labour group that want to implement changes in the industry: “The labor pronouncement is a continued example of various labor groups continuing to call for better benefits and compensation in the industry which is likely to add to continued wage and benefits cost escalations in the future for the industry,” the note said.

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Niji Narayan

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.

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Asia

Almost Two-Thirds of Japanese Oppose Plans for Integrated Resorts

Published

6 hours ago

October 22, 2019

Niji Narayan

Almost Two-Thirds of Japanese Oppose Plans for Integrated Resorts

Reading Time: 1 minute

Japanese citizens continue to oppose the plans for integrated resorts. According to a recent poll, 57.9% of the respondents disagree with the plan and 26.6% agree with it. Among the supporters, 62.8% said they would back the establishment of a casino resort in their area and 29.0% said they would not.

Japan’s public opinion may play a key role in whether some prefectures decide to press ahead with plans to host an IR. Yokohama recently announced it was planning to enter the race and swiftly became the firm favourite amongst major IR operators. However, public opinion against IRs is particularly strong there and may ultimately sway political opinion.

The continued opposition comes despite a concerted effort by operators to win hearts and minds in Japan, sponsoring local festivals and sports events and promoting non-gaming and other elements of IRs.

Asia

Japan to Launch Casino Commission in January 2020

Published

8 hours ago

October 22, 2019

Niji Narayan

Japan to Launch Casino Commission in January 2020

Photo Source: forbes.com

Reading Time: 1 minute

The Government of Japan is planning to launch the country’s casino management commission on January 7, 2020. The casino management commission will have five members. Their appointments require a confirmation from the country’s parliament and they will serve five-year terms.

The casino management commission is to be in charge of security matters, probity and background checks. The body will oversee integrated resort (IR) operators in that country, as well as devise measures to counter gambling addiction.

Japan is to allow a maximum of three resorts in the first phase of market liberalisation. The national government has yet to announce the full version of its so-called basic policy on IRs. Several prefectural governments and ordinance-designated cities in Japan have already shown interest in hosting an IR.

Asia

Aruze Gaming Installs Super Big Wheel at City of Dreams

Published

1 day ago

October 21, 2019

Niji Narayan

Aruze Gaming Installs Super Big Wheel at City of Dreams

Photo Source: twitter.com

Reading Time: 1 minute

Aruze Gaming has installed its Super Big Wheel at City of Dreams. The installation forms part of a new ETG zone at City of Dreams and is one of two new Aruze products to be deployed on the main gaming floor, alongside Lucky Roulette.

Super Big Wheel is an X station platform with dual LCD screens. Players can select any of the six coloured areas on the area bet screen to bet on the side game, which also offers a chance at winning a jackpot.

Lucky Roulette is an immersive new roulette game that features an automated roulette wheel with evocative dynamic projection imaging. The three-dimensional visual experience combines the appeal of a traditional roulette.