Monday, November 30, 2020

Tag: VIP

Macau looks to VIP market to drive recovery

Ben Lee iGamiX Macau VIP market recovery
Ben Lee, managing partner at IGamiX Management and Consulting observes that even prior to the pandemic Macau was already seeing a downward trend in GGR and suggests the VIP market will be the key to a recovery.

Strong VIP drives 15 percent GGR growth at NagaWorld in Q1

NagaCorp gaming revenues
NagaWorld’s gross gaming revenue rose 15 percent year-on-year to $368.9m for the first three months of 2020, thanks to strong growth in the VIP segment.

Melco to end VIP operations at Studio City in 2020

studio city
Melco Resorts and Entertainment has announced that it will cease offering VIP gaming at its Studio City IR in Cotai in mid-January 2020. “Studio City International Holdings Ltd today announced that Melco Resorts (Macau) Ltd has informed the company via its subsidiary, Studio City Entertainment Ltd, that the gaming operator will cease VIP rolling chip operations at the Studio City...

Silver Heritage flagship underperforms as VIP drop declines

Silver Heritage, flagship, underperforms, VIP, declines
Silver Heritage Group Ltd has reported VIP underperformance to be behind disappointing November revenue figures at the Tiger Palace Resort Bhairahawa. The Australian-listed company stated that the casino, located on the Nepalese Indian border, saw “lower than typical hold rate” of 11 percent over the month, compared to a running average of 26 percent. VIP play was responsible for the venue...

Macau’s 18 percent growth still can’t please everyone

Casino Review - Macau 18 percent growth
Macau’s GGY rose by a full 18 percent in February alone, driven by both mass market and VIP players. Market sentiment is significantly more sanguine, yet the skeptics are as ever ready to remind of us of more cautionary considerations.   In its first real mass market test since Macau returned to growth, the Chinese New Year helped push gaming revenue...

Grand launch for Playtech’s Live Casino experience

Casino Review - Live Casino Grand Royale Playtech Live
The latest Live Casino experience from Playtech Live, Grand Royale, has been launched with a focus on high-level players and VIP standards.   Playtech Live has confirmed the launch of its flagship Live Casino experience delivering a high-end experience and VIP standards, Grand Royale. This latest experience forms the first of many new Playtech Live concepts to create the company’s next generation...

Ritz Club claims VIP Room crown for third time

Casino Review - VIP Ritz Club IGA
The VIP room at London’s premier casino, The Ritz Club, has received its third Room of the Year award at the 10th annual IGA’s.   The Ritz Club has scored an award hat-trick by claiming VIP Room of the Year for the third time at this year’s International Gaming Awards. Lesley Samuels, General Manager of Gaming and Nick Ostler, Customer Relations Manager...

Naga Corp carves niche VIP market in Cambodia

Casino Review - Naga Corp carves niche VIP market in Cambodia
Naga World, which has been granted monopoly status to operate anywhere in or around the Cambodian capital of Phnom Penh, is fast becoming a challenger to Macau in drawing a particular breed of VIP. The casino, run by the Hong Kong-listed owner, Naga Corp, is routinely outperforming rivals in the former Portuguese colony, reporting a 24 percent year-on-year increase in...

Proxy betting: a competitive edge for Southeast Asia

Casino Review proxy betting
Casinos across Southeast Asia are benefiting from Macau’s crackdown on proxy betting.   A minor regulation banning the use of mobile phones at VIP tables in Macau is already having a positive effect on revenues in Southeast Asia’s underdog casinos. The reason is proxy betting. In its simplest form, proxy betting involves one person somewhere outside a casino giving betting instructions to...

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