Monthly Archives: November 2014

Table reclassification clouds Macau numbers: Nomura

Date

November 26, 2014

Author

none

Source

Gross Gaming Revenue Asia

Region


Subject

Macau

URL

http://www.ggrasia.com/table-reclassification-clouds-macau-numbers-nomura/

Finance house Nomura is warning that the volumes of VIP revenue and mass revenue reported by the Macau casino industry in November and December are “likely to be distorted by table reclassification”. Some casino operators have reportedly reclassified some mass tables to VIP following the smoking ban on casino mass floors.

Grand Emperor casino revenue slips 10 pct in 1H fiscal

Date

November 26, 2014

Author

none

Source

Gross Gaming Revenue Asia

Region


Subject

Macau

URL

http://www.ggrasia.com/grand-emperor-casino-revenue-slips-10-pct-in-first-half/

Gaming revenue at Macau’s Grand Emperor Hotel (pictured) – which operates a casino under the gaming license of SJM Holdings Ltd – fell 9.9 percent year-on-year in the six months to September 30. Market-wide, Macau casino revenue dropped by 0.9 percent during the same period, according to the local regulator, the Gaming Inspection and Coordination Bureau. Profit attributable to shareholders of Grand Emperor Hotel’s parent company – Hong Kong-listed Emperor Entertainment Hotel Ltd – fell 5.3 percent year-on-year in the fiscal half year, to HKD263.72 million (US$34 million) from HKD278.34 million in the year-prior period.

Booming MICE

Date

November 26, 2014

Author

Kam Leong

Source

Macau Business Daily

Region


Subject

Macau

URL

http://macaubusinessdaily.com/Business/Booming-MICE

It could be a game-changer. MICE sector revenues almost doubled in the first nine months of the year. And grew 82 percent in Q3. Expositions, fairs and congresses are generating more money per visitor than ever… an increase of only 14 events compared to the same period last year. Receipts from the exhibitions held in the period, however, surged 81 per cent year-on-year in the quarter… the total number of participants and attendees of these MICE events reached 724,800, up 16 per cent compared to the same period of last year.

24-hour border operation may boost casino visitation and revenue

Date

November 26, 2014

Author

Catarina Pinto

Source

Macau Daily Times

Region


Subject

Macau

URL

http://macaudailytimes.com.mo/24-hour-border-operation-may-boost-casino-visitation-revenue.html

Last week, the Macau government announced that the Lotus Bridge border, connecting with Hengqin, will be operating around the clock from December 18, while opening hours for the Border Gate will be extended, with the border checkpoint opening at 6 am and closing at 1 am. The Zhuhai-Macau Cross-Border Industrial Zone checkpoint, located in the Ilha Verde, will be open to Macau residents, non-resident workers and students between midnight and 7am the next morning. Barclays’ analysts believe that “[the extension of border crossing hours] could be positive in terms of the number of hours spent at gaming tables by same-day travelers, and, potentially, for casino operator revenues,” CNBC reported.

Jens Halle to leave Novomatic Group

Date

November 26, 2014

Author

none

Source

Yogonet

Region


Subject

Austria

URL

http://www.yogonet.com/international/2014/11/26/jens-halle-to-leave-novomatic-group

The Novomatic Group has announced that gaming industry veteran Jens Halle is to leave his joint positions as Managing Director, Austrian Gaming Industries and CEO of Novomatic Americas Sales. This move, which was reached by mutual agreement, will see Jens Halle relinquish his roles within Novomatic by the end of this year. Commenting on the decision Mr Halle said, “Fifteen years ago I was honored by the invitation of President and majority shareholder Professor Johann F. Graf to join the iconic Novomatic Group as Head of Sales. However, although I now feel the need for new challenges and new directions, I will always be grateful for the experience of working together with colleagues and friends and for the satisfaction that I gained from being within one of the gaming industry’s true leaders.”

Betclic Everest closes Gibraltar operations ahead of Malta merger

Date

November 26, 2014

Author

Kirby Garlitos

Source

Calvin Ayre

Region


Subject

internet

URL

http://calvinayre.com/2014/11/26/business/betclic-everest-closes-gibraltar-operations-ahead-of-malta-merger-connective-games-heads-to-malta/

While other online gambling operators remain committed to their respective business offices in Gibraltar, French sports betting operator Betclic Everest is going the other way, leaving the friendly confines of the British territory to relocate its business functions to its existing operations center in Malta. Betclic Everest closes Gibraltar operations ahead of Malta merger; Connective Games also heads to Malta”This relocation will allow us to gather teams on a site, in Malta, where we have already been successfully established for a long time,” Betclic Everest group CEO, Isabelle Andrès, told eGaming Review. “Therefore, we will be able to continue, most efficiently, the rationalization and the development of our activities,” she added

Greek OPAP reports 19% revenue increase for Q3 2014 performance

Date

November 26, 2014

Author

Ted Menmuir

Source

SBC News

Region


Subject

results

URL

http://www.sbcnews.co.uk/retail/2014/11/26/greek-opap-reports-19-revenue-increase-for-q3-2014-performance/

Greek gambling and sports betting operator OPAP reported a 19.1% 1.1 billion euros revenue increase for its Q3 2014… net profit performance of 25.9% 55.9 million euros… gross gaming revenue increase of 17.9% to 345.6 million euros… EBITDA increased by 33.1% to 94.2 million euros. Its Q3 performance places OPAP’s revenue for the nine months through to September 30 at just under 3 billion euros, a 12.9% increase.

Caesars Senior Lenders Seek Receiver, Claim Unit Was Looted

Date

November 26, 2014

Author

Steven Church/ Laura J. Keller

Source

Bloomberg

Region


Subject

finance

URL

http://cdcgamingreports.com/caesars-senior-lenders-seek-receiver-claim-unit-was-looted/

A Caesars Entertainment Corp. creditor group said managers should be stripped of control of the casino company’s operating unit because they looted the subsidiary of more than $4 billion of assets. UMB Bank, trustee for first-lien noteholders owed about $1.25 billion, sued Caesars today in Delaware Chancery Court, repeating allegations made by junior creditors in August. Both groups of creditors have assailed Caesars’ directors, including David Bonderman, co-founder of buyout firm TPG Capital, and officials of Apollo Global Management LLC.

Churchill Downs’ Kentucky Derby 2015 Future Pool 1 Begins Friday

Date

November 26, 2014

Author

none

Source

Horse Racing Nation

Region


Subject

racing

URL

http://www.horseracingnation.com/news/Churchill_Downs_Kentucky_Derby_2015_Future_Pool_Begins_Friday_123

It’s a true reminder that the pace is quickening on the journey to Kentucky Derby 2015: the first of four pools in Churchill Downs’ Kentucky Derby Future Wager (“KDFW”) will open its three-day run on Friday, Nov. 28 and the “All Others” wagering interest is expected to be a heavy favorite when Derby future betting concludes early Sunday evening.