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Macau's New Bakara Side Bet Offers Benefits From May Closure
A new "Small 6/Big 6" baccarat side bet, which pays attractive dividends to winning customers but can boost the overall house edge, was used in the Macau market during a GGRAsia on-site inspection of some of Macau's main casino floors on Thursday. The new side bet will allow Macau casino operators to offer without the need to tap into so-called "smart" tables. Additionally, so-called "backcarat insurance" bets, hedge bets favored by some players but with high house edges, have come as evidence at MGM China Holdings Ltd's properties. The company says it's hard to offer such bets without using
South Korean Coach Discussion Mourinho Saudi Second Division
Britain's "Talk Sports" reported on the 24th (Korea Standard Time) that "Mourinho is evaluating options after negotiations to become Saudi Arabia's coach of Al-Cadissia." Mourinho was one of the most influential coaches in European soccer in the 2010s. He led FC Porto to the UEFA Cup (now UEL) in the 2002-03 season, and was named "Special One" in the 2003-04 season. Afterwards, he became Chelsea manager. In the 2004-05 season, his first season as manager, Chelsea won the Premier League title. Back then, Mourinho's Chelsea F.C. boasted an all-time great teamwork by allowing just 15 goals. Thi
Genting's rim hints at more cost savings on Malaysia tax breaks
The announcement of amendments to casino tariffs and casino license fees applied to the resort's World Genting casino complex under the Malaysian government's 2019 budget "will affect Genting Malaysia's revenue after FY2019." So Lim Kok Thai, chairman of parent group Genting Bhd, said in his 2018 annual report to Bursa Malaysia on Tuesday. "In light of the severity of the announced casino tariff increase, Genting Malaysia will continue to review and manage its cost structure," the chairman added in a statement This included "reducing or delaying" capital expenditures and implementing "vario
Four out of six Macau operations can target the Thai market
Four out of six casino concessions in Macau have "expressed interest in investing in Thailand" against the backdrop of considering legalizing casinos, a report by brokerage CLSA Ltd said on Monday. The agency believes the annual gross gaming revenue (GGR) value of Thailand's mostly foreign player-led casino industry could reach $8.5 billion, up to $30.8 billion, but CLSA says the "basic case is $15.1 billion." "Among Macau game concession operators, we believe Galaxy , Las Vegas Sands , MGM Resorts and Wynn Resorts have expressed interest in investing in Thailand," the report said, referri
New York Clinics Aid People Struggling with Problem Gambling
It is no secret that mobile sports betting has been a major success in New York since its launch in early 2022. However, its popularity has also brought some massive betting advertising from operators and such ads are hard to miss. In the meantime, addiction clinics such as Catholic Charities claimed that gambling addiction is a hidden one. The Empire State opened its mobile sports wagering market in January 2022, allowing nine digital sportsbooks to offer legal sports betting on various sports. The digital sector is overseen by the New York State Gaming Commission and delivered over US$700 m
SUCCESS UNIVERSE SAYS Profit could fall by up to 35%
Shares of Macau casino investment firm Thurgess Universe Group fell more than 3% on Friday after the company issued a profit warning the day before. The company said it expects consolidated after-tax profit to fall between 25% and 35% in the six months to June 30, 2014. The company posted a profit of HK$68.1 million (US$8.8 million) in the first six months of 2013. Success Universe is a joint venture partner with SJM Holdings Ltd. at Macau Casino Hotel Ponte 16. "The estimated decline was primarily attributable to the unrecurring of profits recognised at around HK$83.4 million in the first
Manila Court on Century Properties against Okada
Manila-listed Century Properties Group said the group of companies controlled by Japanese billionaire Kazuo Okada had received a Philippine court order to stop terminating a $2 billion Manila Bay Resort (pictured rendering) co-development deal, a major casino and real estate project. The company said in its July 25 ruling that "..."The court ordered Okada Group to issue a provisional injunction prohibiting the effect of termination of its contract," it told the Philippine Stock Exchange on Wednesday. The injunction prohibits what is referred to in the document as "Okada Group" from making de
Great Canadian Casino Toronto Launches Premium Hotel
The Great Canadian Entertainment announced that Toronto's new Canadian $1 billion Great Canadian Casino Resort Toronto hotel is now open to the public. This new amenity combines modernity, comfort and excitement, just minutes from Toronto Pearson International Airport. Nearly half of these, 400 first-class rooms, offer views of nearby Woodbine Racecourse. Great Canadian Casino Resort Toronto, which opened on June 20, 2023, is currently the largest gaming facility across Canada. With about 328,000 square feet of gaming space, the property has more than 4,800 slots and 145 live table games, VIP
MGM Resorts Gets Massachusetts Casino License
Massachusetts Gambling Regulators on Friday approved the $800 million MGM Resorts International Casino in the state. MGM Resorts is the first casino operator to obtain a license in the state. The decision comes after a two-year hearing and background check process concluded with a final week of hearings and deliberations. The Massachusetts Gaming Commission (MGC) unanimously approved licensing MGM on Friday. The commission's chairman, Stephen Crosby, said the project captures the "spirit" and "desire" that state leaders envisioned when they opened the door to resort-style casino gambling in
S. Korea's Paradisco casino sales drop slightly in March
Casino sales at Paradise, South Korea's foreign-only casino operator, fell 0.9 percent in March from a year earlier, data showed Wednesday on the Korea Exchange. It made a profit of about 50.63 billion won ($44.6 million) compared to about 51.07 billion won in March last year. Table game sales in March 2018 were flat at nearly 47.58 billion won in March this year. Machine game sales in Paradise were slightly above 3.05 billion won, down 11.3% year-on-year. The company's monthly update does not provide a comment on why sales fluctuated year-over-year. Paradise's total casino revenue in the
My blogs
Macau's New Bakara Side Bet Offers Benefits From May Closure
A new "Small 6/Big 6" baccarat side bet, which pays attractive dividends to winning customers but can boost the overall house edge, was used in the Macau market during a GGRAsia on-site inspection of some of Macau's main casino floors on Thursday. The new side bet will allow Macau casino operators to offer without the need to tap into so-called "smart" tables. Additionally, so-called "backcarat insurance" bets, hedge bets favored by some players but with high house edges, have come as evidence at MGM China Holdings Ltd's properties. The company says it's hard to offer such bets without using
South Korean Coach Discussion Mourinho Saudi Second Division
Britain's "Talk Sports" reported on the 24th (Korea Standard Time) that "Mourinho is evaluating options after negotiations to become Saudi Arabia's coach of Al-Cadissia." Mourinho was one of the most influential coaches in European soccer in the 2010s. He led FC Porto to the UEFA Cup (now UEL) in the 2002-03 season, and was named "Special One" in the 2003-04 season. Afterwards, he became Chelsea manager. In the 2004-05 season, his first season as manager, Chelsea won the Premier League title. Back then, Mourinho's Chelsea F.C. boasted an all-time great teamwork by allowing just 15 goals. Thi
Genting's rim hints at more cost savings on Malaysia tax breaks
The announcement of amendments to casino tariffs and casino license fees applied to the resort's World Genting casino complex under the Malaysian government's 2019 budget "will affect Genting Malaysia's revenue after FY2019." So Lim Kok Thai, chairman of parent group Genting Bhd, said in his 2018 annual report to Bursa Malaysia on Tuesday. "In light of the severity of the announced casino tariff increase, Genting Malaysia will continue to review and manage its cost structure," the chairman added in a statement This included "reducing or delaying" capital expenditures and implementing "vario
Four out of six Macau operations can target the Thai market
Four out of six casino concessions in Macau have "expressed interest in investing in Thailand" against the backdrop of considering legalizing casinos, a report by brokerage CLSA Ltd said on Monday. The agency believes the annual gross gaming revenue (GGR) value of Thailand's mostly foreign player-led casino industry could reach $8.5 billion, up to $30.8 billion, but CLSA says the "basic case is $15.1 billion." "Among Macau game concession operators, we believe Galaxy , Las Vegas Sands , MGM Resorts and Wynn Resorts have expressed interest in investing in Thailand," the report said, referri
New York Clinics Aid People Struggling with Problem Gambling
It is no secret that mobile sports betting has been a major success in New York since its launch in early 2022. However, its popularity has also brought some massive betting advertising from operators and such ads are hard to miss. In the meantime, addiction clinics such as Catholic Charities claimed that gambling addiction is a hidden one. The Empire State opened its mobile sports wagering market in January 2022, allowing nine digital sportsbooks to offer legal sports betting on various sports. The digital sector is overseen by the New York State Gaming Commission and delivered over US$700 m
SUCCESS UNIVERSE SAYS Profit could fall by up to 35%
Shares of Macau casino investment firm Thurgess Universe Group fell more than 3% on Friday after the company issued a profit warning the day before. The company said it expects consolidated after-tax profit to fall between 25% and 35% in the six months to June 30, 2014. The company posted a profit of HK$68.1 million (US$8.8 million) in the first six months of 2013. Success Universe is a joint venture partner with SJM Holdings Ltd. at Macau Casino Hotel Ponte 16. "The estimated decline was primarily attributable to the unrecurring of profits recognised at around HK$83.4 million in the first
Manila Court on Century Properties against Okada
Manila-listed Century Properties Group said the group of companies controlled by Japanese billionaire Kazuo Okada had received a Philippine court order to stop terminating a $2 billion Manila Bay Resort (pictured rendering) co-development deal, a major casino and real estate project. The company said in its July 25 ruling that "..."The court ordered Okada Group to issue a provisional injunction prohibiting the effect of termination of its contract," it told the Philippine Stock Exchange on Wednesday. The injunction prohibits what is referred to in the document as "Okada Group" from making de
Great Canadian Casino Toronto Launches Premium Hotel
The Great Canadian Entertainment announced that Toronto's new Canadian $1 billion Great Canadian Casino Resort Toronto hotel is now open to the public. This new amenity combines modernity, comfort and excitement, just minutes from Toronto Pearson International Airport. Nearly half of these, 400 first-class rooms, offer views of nearby Woodbine Racecourse. Great Canadian Casino Resort Toronto, which opened on June 20, 2023, is currently the largest gaming facility across Canada. With about 328,000 square feet of gaming space, the property has more than 4,800 slots and 145 live table games, VIP
MGM Resorts Gets Massachusetts Casino License
Massachusetts Gambling Regulators on Friday approved the $800 million MGM Resorts International Casino in the state. MGM Resorts is the first casino operator to obtain a license in the state. The decision comes after a two-year hearing and background check process concluded with a final week of hearings and deliberations. The Massachusetts Gaming Commission (MGC) unanimously approved licensing MGM on Friday. The commission's chairman, Stephen Crosby, said the project captures the "spirit" and "desire" that state leaders envisioned when they opened the door to resort-style casino gambling in
S. Korea's Paradisco casino sales drop slightly in March
Casino sales at Paradise, South Korea's foreign-only casino operator, fell 0.9 percent in March from a year earlier, data showed Wednesday on the Korea Exchange. It made a profit of about 50.63 billion won ($44.6 million) compared to about 51.07 billion won in March last year. Table game sales in March 2018 were flat at nearly 47.58 billion won in March this year. Machine game sales in Paradise were slightly above 3.05 billion won, down 11.3% year-on-year. The company's monthly update does not provide a comment on why sales fluctuated year-over-year. Paradise's total casino revenue in the
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