At least one of the two Macau casino operators that had previously banned telephone betting “has recently begun to allow this activity on premise”, claims a note issued by Daiwa Securities Inc. “Since October 2014, we have seen VIP market-share movement shift away from the operators that have banned this activity; its resumption may have an influence over VIP market share in the coming months,” stated the note from Jamie Soo and Adrian Chan. They estimate telephone betting has accounted in recent times for 8 percent of annual VIP betting in Macau. Players wishing to use such a service in Macau casinos are required “to commit a minimum of HKD1 million [US$129,000] to HKD3 million in gaming capital”, added the duo.
Monthly Archives: February 2015
Secretary of Social Affairs and Culture Alexis Tam Chon Weng has denied that the Macau and central governments have set a limit on the number of mainlanders that can visit the city. But Mr. Tam told reporters that the authorities on each side of the border would consider all possibilities in coming up with ways to prevent congestion in Macau.
The Macau International Airport (MIA) revealed that it has dealt with 94,877 passengers in the first five days of Chinese New Year between February 19 and 23, signaling a growth of 18 percent compared to the same period last year. The total amount of daily passenger traffic even exceeded 20,000 people on February 22 and 23. The aircraft movements in these five days also increased by 11 percent, reaching 806.
The Consumer Price Index went up 7.4 per cent last month to the. The smallest increase since 2010…prices in Macau increased 4.7 per cent in January from a year ago. That’s the smallest hike recorded in January since 2011. In 2014, inflation that month reached 6.35 per cent and 4.92 per cent in 2011, the Statistics and Census Bureau’s data reveals. Inflation figures last month showed that Macau is undergoing a rapid slowdown in prices.
Japan’s casino kabuki continues but casino legalization seems far less certain than it did a year ago. That’s despite Prime Minister Shinzo Abe, the country’s most prominent casino backer, holding an even bigger legislative majority following a landslide victory in December’s snap election.
After-tax normalized profit for Australia-listed casino operator Donaco International Ltd fell 1 percent year-on-year in the half-year to December 31, to AUD2.48 million (US$1.94 million) …operates a single casino called Aristo International Hotel in Lao Cai, near Vietnam’s northern border with China…revenue growth for the period of 55 percent and EBITDA growth of 52 percent, “driven by the soft opening of the Aristo International Hotel in May 2014…Actual revenue from ordinary activities however dropped by 11.9 percent year-on-year.
Genting Malaysia Bhd saw its fourth quarter profit attributable to shareholders of the company fall 22.6 percent year-on-year to MYR309.8 million (US$85.8 million). After-tax profit for the period declined by 25 percent year-on-year to MYR293.8 million…earnings per share for the quarter fell 23 percent year-on-year to MYR0.0546…earnings per share for the full year fell 26 percent to MYR0.2096…”arising from the write-off of MYR55.5 million project costs in relation to the unsuccessful application of licenses in New York State as well as higher assets write-off.
Aquis has appointed a new chief executive officer to lead the overhaul of Casino Canberra into a Las-Vegas-style entertainment precinct. The company, which also behind the ACT Brumbies’ biggest sponsorship deal in club history, has appointed Geoff Andres as Aquis Entertainment chief executive officer. Mr Andres will move to the nation’s capital to oversee the expansion of the groups’ Australian operations, the new casino…Mr Andres is currently the senior vice-president and general manager of Sands Macau where he has been responsible for driving a significant redevelopment program across the 289-room five star resort.
Even though Spain recently expanded its online gambling opportunities, granting a number of new licenses to operators in the country, local authorities are now seeking to restrict advertisements from these operators. The proposal filed by Spanish lawmakers would see serious limits placed on gambling-related advertisements, including sports sponsors. Why are Spanish authorities now cracking down on the advertisements of operators who just months ago were allowed to open up shop in Spain? It seems that a number of Spanish senate members are concerned about responsible gambling, especially when it comes to teens.
Reporting on its 2014 full year results, William Hill was able to declare a record operating profit of £372 million up 11% on FY 2013 £335 million…gains on all of its digital channels, as online sports betting turnover was up 28% and online gambling (casino, poker, bingo) net revenue was up 17%, as William Hill saw a 117% growth in its Mobile Vegas platform. William Hill’s strong digital performance countered 2014 retail net revenues which were flat and operating profit down 2… net revenue in Italy and Spain, up 39% and 64%, respectively…net revenue4 growth of 11% and operating profit1,4 growth of 121% after restructuring its Australian business division