Thursday, March 23, 2023

Tag: China

Hitting the road: MGS aims to drive China’s ambitious Belt and Road Project to the industry

ICR - MGS Belt Road
The MGS Entertainment Show is gearing up for its fifth showing with new aspirations. With China’s Belt and Road Project at the centre of its offering, MGS is aiming to open up this ambitious commercial programme to the world’s gaming community.   Visitor registration for the MGS Entertainment Show, which will be taking place at the Venetian Macao on November 14-16...

Uneasy lies the head that wears a crown

ICR - Crown Resorts
Concluding a prosecution which has rocked the company, 19 Crown Resorts staff pleaded guilty to ‘gambling crimes’ this June. Meanwhile, Melco CEO Lawrence Ho has suggested that the business practices of casino operators working in China acted to inflame the situation.   Nineteen Crown Resorts staff, including three Australians, pleaded guilty to “gambling crimes” in a trial that lasted only a...

Galaxy Executive proposes open Hengqin travel

ICR - Hengqin Macau VIP
Speaking at G2E Asia, Francis Lui Yiu Tung, Deputy Chairman of Galaxy Entertainment Group, expressed his support for the idea of aligning the border policies for Macau and Hengqin, while also stressing the need for Macau’s industry to remain competitive in the face of challenges to its market dominance from lower-tax jurisdictions.   The idea of “borderless” travel between Hengqin and...

Pilling explores why grey matters in Asia

ICR - iGaming Lorien Pilling Grey Matters
Gaming in Asia’s largely unregulated markets can be volatile, but for Isle of Man-based gaming consultant, Lorien Pilling, the rewards of operating in this vast and voracious region can be more than compensatory.   The Asian continent is still many shades of grey for international gaming providers, yet revenue from the region is fast becoming a vital component on many a...

Jay Chun: Making moves in Macau

Casino Review Jay Chun Senior Macau delegation heads to ICE with new technology brief Macau
Jay Chun, chairman of the MGEMA and the man behind Asia’s big hitters Paradise Entertainment and LT Game, has a clear vision for Macau. He’s been driving it for many years, be it through the development of pioneering, revolutionary products or through his multivarious businesses in the SAR. At the helm of the MGEMA, a trade body he envisioned,...

Macau: From fizzling to sizzling to sustainable recovery

Novomatic, Macau Entertainment Show, MGS, Casino Review, MGEMA, Jay Chun,
Macau’s monthly figures keep outrunning expectations. But as mainland China moves to address soaring corporate debt, inevitably tightening the money supply, the VIP glory days’ light is all but burnt out. Attention turns now to the city’s saving grace.   As Macau reacquaints itself with the spotlight, another truth lurks in shadows that all the city’s stakeholders will be at pains...

For all the tea in China – the start of a VIP renaissance in Macau?

Casino Review Crown Resorts
The arrests of 18 Crown Resorts employees suspected of recruiting gamblers from mainland China has sent shockwaves through the Asia Pacific casino industry. As analysts, execs and investors grapple with the implications, could this be the start of a VIP renaissance in Macau?   When the news broke that 18 employees of Crown Resorts had been arrested by Chinese authorities in...

Blue-sky thinking: Vegas may soon welcome direct flights from China

Hainan Airplane
Las Vegas could find some reprieve in its struggling baccarat business with the help of three direct flights per week from China, writes James Walker.   Nevada-related gaming industry headlines at the beginning of May were dominated by the state’s latest monthly revenue statistics: gross gaming revenues for casinos across the region dropped three per cent to $922.2m (E802m) in April, as baccarat...