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Macau Hotel Occupancy for Labor Day Holiday 89 pct
Macau's average hotel stay rate stood at 89.2% during the five-day Labor Day holiday in mainland China, which begins on May 1, the Macau Government Tourism Authority (MGTO) said. The best day for individuals was May 2, with 95.1% occupancy. The data, mentioned in Monday's update, did not include a hotel-grade occupancy analysis or a reference to the base number of rooms for calculations. A total of 604,395 visitors arrived in Macau from May 1 to May 5. MGTO said on Monday that about 80.6% (487,000) had arrived from mainland China in this tally. Macau had about 78,000 arrivals from Hong Kong
SunTrust Bonds Return One Year After $235M Trading Deadline
The deadline for a financing agreement of up to $13.5 billion (now $235.2 million) for the company developing casino hotel plans in Westside City in Manila, the Philippine capital, has been pushed back by 12 months to April 30, 2025. Philippines-listed SunTrust Resorts Holdings Inc., the promoter of Westside City Casino Hotels (pictured rendering of the artist), confirmed the new date in a filing on Friday. In July 2023, Summit Ascent Investments Ltd, a direct holding subsidiary of Hong Kong-listed Summit Ascent Holdings Ltd, agreed to issue convertible bonds with a principal of PHP 13.51 bi
Novotown Hung-chien Phase 1 Launch in Second Half of the Year
The opening of the first phase of Novotown, a Hollywood film-themed amusement park in mainland China adjacent to Macau, will begin in the second half of this year. Hong Kong-listed Lythun Development Limited, which represents the leading developer of the Hungchin Island project, Lythun Group, said in a filing on Tuesday. "The Novotown Phase 1 construction is expected to be completed in the first half of 2019, with a phased opening in the second half of the year," said License Development. A December press release representing the Hollywood-themed initiative Lionsgate Entertainment World not
Overseas game B2B can be avoided. No POGO
Alejandro Tengco (file photo) says up to 14 business-to-business (B2B) service companies licensed by the Philippines should avoid a ban on online offshore gaming businesses in the Philippines, although he works with overseas online gaming operators. He said such businesses have hired more than 9,000 Filipinos. The head of Philippine Entertainment Gaming Corporation (Pagcor), a regulator in the Philippines, told ABS-CBN News that the companies involved, locally known as those in the business processing outsourcing (BPO) sector, were not directly involved in gambling. Mr. Tengko said instead t
Seneca Casinos Kick Off Native American Heritage Month Festivities
Seneca Resorts & Casinos have some exciting plans in store for this year’s celebrations of Native American Heritage Month. Festivities already kicked off with the annual Community Dinner & Social on November 1, 2023, at Seneca Niagara Resort & Casino. But there is plenty more to come as the three casinos announced a full schedule of events and attractions taking place this month. On behalf of the Seneca Nation of Indians, Seneca Resorts & Casinos operates three Class III gaming properties in Western New York. The three locations – Seneca Allegany Resort & Casino, Seneca Buffalo Creek Casino,
LT Game, IGT Contract Distribution Agreement
U.S.-based game supplier International Game Technology (IGT) and Macau-based casino multi-game maker LT Game Ltd on Thursday announced three-year distribution agreements for North America and Macau. Under the terms of the agreement, IGT will distribute LT Games' live and electronic table game systems to the United States and Canada, while LT Games will act as a Macau market distributor for IGT's slot machines, Paradise Entertainment, the parent company of LT Games, said. The terms of the agreement state that IGT will distribute LT Game products exclusively across North America. IGT will also
Dynamic, Quarterly Revenue Down 4.8%
Japan's Pachinko Hall management company Dynamic Japan Holdings said its total revenue for the quarter ended June 30 fell about 4.8% year-on-year to 38.2 billion yen ($375 million). That was down 8.3% year-on-year to 213 billion yen, the company said in a filing to the Hong Kong Stock Exchange on Tuesday. Dynamic did not report a profit for the quarter. "Throughout the first quarter , utilization of Pachinko machines declined primarily due to higher consumption taxes across the industry compared to the same period last year," the company said in a filing. Japan raised its sales tax to 8% fr
Bali Betting Offers Update On Empire State Launch
Soon, New York State will finally launch a full list of nine mobile sports betting operators. Most recently, Balibet, the only company yet to enter the market, announced that it plans to make it a reality in the second quarter of 2022. Earlier this year, the company announced plans to launch in April, but it did not. Empire State's mobile sports betting market opened on January 8, 2022, debuting with four operators out of a total of nine approved operators. Over time, a growing number of gaming brands licensed by the New York State Gaming Board have joined, leaving Valibet the only brand not
GSA Opens Office in Brussels
The Game Standards Association (GSA) announced this week that it had set up a satellite office in Brussels. The International Trade Group said its new office in Belgium was set up as part of a plan to create global standards for the gaming industry. GSA has offices in the United States and Macau, with the latter serving the Asian region. The GSA said in a statement that Phyllis Farrugia will manage her new office in Brussels. Farrugia has more than 15 years of experience in EU policy and market reform and regulation, having held senior positions in both government and industrial sectors. "T
Beijing in favor of Hung-chien's proposal for a tourist island
Details of the proposal to develop Hengchin as a tourist island and complement tourism efforts in neighboring Macau have been approved by China's State Council, the National Development and Reform Commission said in a notice posted on its official website on Thursday. The notice, dated April 9, was sent to the government of Guangdong Province, a mainland Chinese province right next to Macau, and to various departments under the State Council. National authorities are imagining Hung-chien as an international destination for leisure and tourism through non-playing tourist attractions. Some hav
My blogs
Macau Hotel Occupancy for Labor Day Holiday 89 pct
Macau's average hotel stay rate stood at 89.2% during the five-day Labor Day holiday in mainland China, which begins on May 1, the Macau Government Tourism Authority (MGTO) said. The best day for individuals was May 2, with 95.1% occupancy. The data, mentioned in Monday's update, did not include a hotel-grade occupancy analysis or a reference to the base number of rooms for calculations. A total of 604,395 visitors arrived in Macau from May 1 to May 5. MGTO said on Monday that about 80.6% (487,000) had arrived from mainland China in this tally. Macau had about 78,000 arrivals from Hong Kong
SunTrust Bonds Return One Year After $235M Trading Deadline
The deadline for a financing agreement of up to $13.5 billion (now $235.2 million) for the company developing casino hotel plans in Westside City in Manila, the Philippine capital, has been pushed back by 12 months to April 30, 2025. Philippines-listed SunTrust Resorts Holdings Inc., the promoter of Westside City Casino Hotels (pictured rendering of the artist), confirmed the new date in a filing on Friday. In July 2023, Summit Ascent Investments Ltd, a direct holding subsidiary of Hong Kong-listed Summit Ascent Holdings Ltd, agreed to issue convertible bonds with a principal of PHP 13.51 bi
Novotown Hung-chien Phase 1 Launch in Second Half of the Year
The opening of the first phase of Novotown, a Hollywood film-themed amusement park in mainland China adjacent to Macau, will begin in the second half of this year. Hong Kong-listed Lythun Development Limited, which represents the leading developer of the Hungchin Island project, Lythun Group, said in a filing on Tuesday. "The Novotown Phase 1 construction is expected to be completed in the first half of 2019, with a phased opening in the second half of the year," said License Development. A December press release representing the Hollywood-themed initiative Lionsgate Entertainment World not
Overseas game B2B can be avoided. No POGO
Alejandro Tengco (file photo) says up to 14 business-to-business (B2B) service companies licensed by the Philippines should avoid a ban on online offshore gaming businesses in the Philippines, although he works with overseas online gaming operators. He said such businesses have hired more than 9,000 Filipinos. The head of Philippine Entertainment Gaming Corporation (Pagcor), a regulator in the Philippines, told ABS-CBN News that the companies involved, locally known as those in the business processing outsourcing (BPO) sector, were not directly involved in gambling. Mr. Tengko said instead t
Seneca Casinos Kick Off Native American Heritage Month Festivities
Seneca Resorts & Casinos have some exciting plans in store for this year’s celebrations of Native American Heritage Month. Festivities already kicked off with the annual Community Dinner & Social on November 1, 2023, at Seneca Niagara Resort & Casino. But there is plenty more to come as the three casinos announced a full schedule of events and attractions taking place this month. On behalf of the Seneca Nation of Indians, Seneca Resorts & Casinos operates three Class III gaming properties in Western New York. The three locations – Seneca Allegany Resort & Casino, Seneca Buffalo Creek Casino,
LT Game, IGT Contract Distribution Agreement
U.S.-based game supplier International Game Technology (IGT) and Macau-based casino multi-game maker LT Game Ltd on Thursday announced three-year distribution agreements for North America and Macau. Under the terms of the agreement, IGT will distribute LT Games' live and electronic table game systems to the United States and Canada, while LT Games will act as a Macau market distributor for IGT's slot machines, Paradise Entertainment, the parent company of LT Games, said. The terms of the agreement state that IGT will distribute LT Game products exclusively across North America. IGT will also
Dynamic, Quarterly Revenue Down 4.8%
Japan's Pachinko Hall management company Dynamic Japan Holdings said its total revenue for the quarter ended June 30 fell about 4.8% year-on-year to 38.2 billion yen ($375 million). That was down 8.3% year-on-year to 213 billion yen, the company said in a filing to the Hong Kong Stock Exchange on Tuesday. Dynamic did not report a profit for the quarter. "Throughout the first quarter , utilization of Pachinko machines declined primarily due to higher consumption taxes across the industry compared to the same period last year," the company said in a filing. Japan raised its sales tax to 8% fr
Bali Betting Offers Update On Empire State Launch
Soon, New York State will finally launch a full list of nine mobile sports betting operators. Most recently, Balibet, the only company yet to enter the market, announced that it plans to make it a reality in the second quarter of 2022. Earlier this year, the company announced plans to launch in April, but it did not. Empire State's mobile sports betting market opened on January 8, 2022, debuting with four operators out of a total of nine approved operators. Over time, a growing number of gaming brands licensed by the New York State Gaming Board have joined, leaving Valibet the only brand not
GSA Opens Office in Brussels
The Game Standards Association (GSA) announced this week that it had set up a satellite office in Brussels. The International Trade Group said its new office in Belgium was set up as part of a plan to create global standards for the gaming industry. GSA has offices in the United States and Macau, with the latter serving the Asian region. The GSA said in a statement that Phyllis Farrugia will manage her new office in Brussels. Farrugia has more than 15 years of experience in EU policy and market reform and regulation, having held senior positions in both government and industrial sectors. "T
Beijing in favor of Hung-chien's proposal for a tourist island
Details of the proposal to develop Hengchin as a tourist island and complement tourism efforts in neighboring Macau have been approved by China's State Council, the National Development and Reform Commission said in a notice posted on its official website on Thursday. The notice, dated April 9, was sent to the government of Guangdong Province, a mainland Chinese province right next to Macau, and to various departments under the State Council. National authorities are imagining Hung-chien as an international destination for leisure and tourism through non-playing tourist attractions. Some hav
Download Iceland’s biggest travel marketplace to your phone to manage your entire trip in one place
Scan this QR code with your phone camera and press the link that appears to add Iceland’s biggest travel marketplace into your pocket. Enter your phone number or email address to receive an SMS or email with the download link.
