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Groupe Lucien Barriere Showcases Interest in Wakayama; Announces Jean Reno as Brand Ambassador

George Miller

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Groupe Lucien Barriere Showcases Interest in Wakayama; Announces Jean Reno as Brand Ambassador
Photo Source: workport.co.jp
Reading Time: 2 minutes

 

Groupe Lucien Barriere firmly showcased their interest in the development of an integrated resort in Wakayama Prefecture on Tuesday, 14 May with a variety of press events focused around Wakayama City. This included the launch of the group’s first Japan-based offices, a formal statement on their commitment to Wakayama Prefecture and the announcement of Hollywood actor Jean Reno as their brand ambassador.

The day began with a morning ribbon cutting ceremony to formally launch the group’s first Japanese office in Wakayama City. Attended by approximately 50 local business leaders, the ceremony included the formal ribbon cutting by Mr. Alexandre Desseigne-Barriere, Mr. Jonathan Strock, Mr. Jean Reno and Mr. Naohisa Kashihata of the Wakayama Chamber of Commerce.

The office opening was proceeded by a press conference held at the Marina City Hotel. During the conference, Mr. Desseigne-Barriere presented the background of his family’s company and their experiences in the development of destination integrated resorts. Mr. Strock proceeded to discuss the company’s commitment to Wakayama Prefecture and its citizens, noting that of all the locations reviewed within Japan, the group felt Wakayama was most in line with their brand direction and overall IR plan for the country. Finally, it was announced that Mr. Jean Reno of Hollywood fame will be the be the group’s brand ambassador for the project. Mr. Reno mentioned his love for Japan and his desire to return regularly to Wakayama City as the project proceeds. The group then proceeded to watch the famed Tuna Cutting performance offered by Marina City’s Kuroshio Market, where Mr. Reno was able to get a close-up view after being brought up on stage to witness the event.

The day concluded with a visit to the Wakayama Prefectural Office and a meeting with Governor Nisaka, where the group re-affirmed their commitment to the people of Wakayama and introduced the Governor to Mr. Reno.

The day’s events were captured by a wide array of media, including local Wakayama, Kansai-Region and even Tokyo media in attendance.

The group will have a second press event on Friday, 17 May in Tokyo at the Japan Gaming Congress aimed at promoting a similar message to local and national media outlets.

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Asia

Wazdan Secures New Partnership with Salsa Technology, extending their reach in Latin America and Asia

George Miller

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Wazdan Secures New Partnership with Salsa Technology
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Wazdan is excited to announce a new deal that will see its innovative online slot games integrated onto Salsa Technology’s market-leading Game Aggregation Platform.

This latest venture brings passionate slots producer, Wazdan, to the users of Latin American specialist iGaming platform, Salsa Technology, in a deal that sees Wazdan games available through the Salsa Technology platform, reaching casinos in Latin America and Asia.

Recently rebranded from Patagonia Entertainment, Salsa Technology is an omnichannel iGaming platform, which services both online and land-based operators through its leading Game Aggregating Platform (GAP). Founded out of the Latam region, Salsa Technology is the leading player in this part of the world, with its platform, technology and games portfolio all lab certified for Colombia and Mexico, as well as Asia and soon to be Europe.

Starting as a Video Bingo game development company, Salsa Technology has expanded to become a leader in the Latam iGaming market and increasingly around the globe, while still holding onto its status of producing some of the most renowned Video Bingo titles on the market.

The deal with Wazdan is a content partnership, where Wazdan’s range of first-class, tech-rich games will all be accessible through a single integration with the Salsa Technology Game Aggregation Platform (GAP). Available titles will include the award-winning Larry the Leprechaun and other new releases, such as Butterfly Lovers™, Magic Stars 9, and Dragons Lucky 8™ as well as a host of other player favourites from Los Muertos™ to Valhalla, and the entire Magic Stars series.

Salsa Technology will also gain access to the nine new games previewed at ICE London, once they have been made officially available.

“Salsa Technology is a leader in the Latam market, and we are thrilled to partner with them to offer our games to the users of their GAP. We are excited to continue to expand our reach in Latin America and proud to partner with a strong developer like Salsa Technology to do so,” said Andrzej Hyla, Head of Sales at Wazdan.

Salsa Technology’s Global Business Development Manager Victor Arias followed: “Wazdan works wonders with its creative casino content, and we couldn’t be happier to add these titles to our GAP. Butterfly Lovers™ is the perfect example of Wazdan’s cutting-edge titles.”

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Asia

MGM China Reports 2019 Annual Results

George Miller

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MGM China Reports 2019 Annual Results
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Group Revenue Grew 19% Year-on-Year Adjusted EBITDA Up 28%

 MGM China Holdings Limited (“MGM China” or the “Company”; SEHK Stock Code: 2282) announced the selected unaudited financial data of the Company and its subsidiaries (the “Group”) for the three months and 12 months ended December 31, 2019 (the “Year”).

  • During the Year, MGM China saw revenue up by 19% to approximately HK$22.8 billion. Adjusted EBITDA grew by 28% year-on-year to approximately HK$6.2billion.
  • Adjusted EBITDA margin improved by 197 basis points to approximately 27.2% from approximately 25.2% a year ago.
  • MGM China recorded a growth of approximately 37% year-on-year for mass table win, 1% growth for slot win; and flat year-on-year performance growth for VIP table game win.
  • Overall occupancy reached 93.1% (2018: 92.6%).
  • Full year market share rose to 9.5%, up from 7.9% in 2018, the highest in five years.
  • MGM China sees approximately 86% of profit from non-VIP businesses last year.
  • MGM COTAI continues to ramp since the property opened in February 2018. It recorded growth across all business segments. Adjusted EBITDA was up 177% to HK$2.4 billion. Main floor table games win was up 77% year-on-year to approximately HK$6.9 billion. Slot win was up 41% to HK$1.0 billion. VIP table games win was up 220% to approximately HK$4.0 billion.
  • Meanwhile MGM MACAU remains resilient and generated solid profit on the Peninsula, where accounted for about one-third of overall Macau gross gaming revenue in 2019. Adjusted EBITDA was down 4% to HK$3.8 billion last year with a margin of 30.9%. The property has completed a seven-month renovation on the casino floor in October. We have seen encouraging initial results on mass performance and look forwards to further optimization on gaming floor.
  • Premium focus remains the key strategy for MGM as we continue to focus on growth and profitability. We have opened all the villas of Mansions last year as part of our unique high-end offerings to boost player retention and new player acquisition.

MGM hotels are now closed, followed the Macau government decision on February 5 to temporarily suspend operations of all casinos in the city to prevent the spread locally of the coronavirus infection.

Grant Bowie, Chief Executive Officer and Executive Director of MGM China said: “We are grateful for the decisive actions and leadership of the Macau government it takes to contain the coronavirus. MGM places high importance on the health and safety of our team members, guests and all Macau citizens, and fighting against the epidemic is its current topmost priority. We will continue to work with government and our MGM team as we are preparing for the recovery.”

 

About MGM China Holdings Limited:

MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions/subconcessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau.

MGM China is majority owned by MGM Resorts International one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. For more information about MGM Resorts International, visit the Company’s website at www.mgmresorts.com.

SOURCE MGM China

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Bangladesh HC Declares Gambling Illegal

Niji Narayan

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Bangladesh HC Declares Gambling Illegal
Photo Source: bkejwanong.com
Reading Time: < 1 minute

 

The High Court of Bangladesh has declared gambling illegal at 13 clubs in five districts and other areas across the country. The bench of Justice Sheikh Hassan Arif and Justice Md Mahmud Hassan Talukder delivered the verdict opn, after disposing of a rule issued in this regard.

The clubs are Dhaka Club, Uttara Club, Gulshan Club, Dhanmondi Club, Banani Club, Officers’ Club, Dhaka Ladies’ Club, Cadet College Club, Chittagong Club, Chittagong Seniors’ Club, Narayanganj Club, Sylhet Club and Khulna Club.

In 2016, two Supreme Court lawyers had filed a petition seeking the High Court’s order to stop gambling at these 13 social clubs. The petition said that any kind of gambling is illegal. But these clubs arrange gambling for their members and they even put related information on their websites.

In September last year, the government had launched a crackdown on illegal casinos and gambling across the country. For the next two months, law enforcement agencies conducted around 50 raids across the country, during which nearly 300 people were arrested for their alleged involvement.

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