MGM China Mass Tables up 47 per cent ASIA & OCEANIA
MGM China saw adjusted EBITDA increase by 39 per cent year-on-year to approximately HK$1.5bn with main floor table games booming by 47 per cent
MGM China saw adjusted EBITDA increase by 39 per cent year-on-year to approximately HK$1.5bn with main floor table games booming by 47 per cent year-on-year to approximately HK$3.9bn. Slot win was up three per cent to approximately HK$572m. VIP table games win was up four per cent to approximately HK$2.5bn. MGM China sees approximately 86 per cent of profit from non-VIP businesses for the period.
Total revenue grew by 22 per cent year-on-year to approximately HK$5.8bn. While MGM Cotai continues to ramp and improve efficiency, adjusted EBITDA margin improved to 26.8 per cent from 23.5 per cent a year ago.
While Macau market saw third-quarter gross gaming revenue (GGR) down by four per cent year-on-year, MGM China's GGR was up by 25 per cent from a year ago. MGM China gained market share to approximately 9.9 per cent in the third quarter from 7.9 per cent last year.
MGM Cotai continues to grow since the property opened in February 2018. It recorded growth
across all business segments. Adjusted EBITDA was up 433 per cent to HK$693m from a year ago. Main floor table games win was up 84 per cent year-on-year to approximately HK$1.9bn. Slot win was up 56% to HK$276m. VIP table games win was up 1723 per cent to approximately HK$1.2bn.
All villas at Te Mansion were opened before October Golden Week and have been receiving highly positive feedbacks. Our unique high-end offerings and our premium services boosted player retention and new player acquisition. MGM COTAI has currently more authentic dining options directly on the gaming floor. Tey are well received by the players with prolonged gaming hours on the gaming floor.
Meanwhile, MGM Macau recorded adjusted EBITDA of approximately of HK$856m for the period. Main floor table games win up 22 per cent to approximately HK$2bn. Slot win was approximately HK$297m. VIP table games win was down by 44 per cent to approximately HK$1.3bn amid headwinds and uncertainties in the market.
Asia EveryMatrix partners with AsianLogic
EveryMatrix has announced a partnership with AsianLogic to power two of their established sports betting brands - Dafabet and Nextbet - with a powerful and robust agent system. AsianLogic will employ PartnerMatrix solution to acquire offline players and expand their customer base.
PartnerMatrix's agent system enables bookmakers and casino operators to create easy to manage agent networks worldwide. Te system allows the creation of multi-level structures of agents and can be tweaked according to the operators' needs. AsianLogic will withhold control over the incoming bets while managing the network by employing real-time risk data.
Nikos Diakoumopoulos, AsianLogic’s Marketing Director,
commented on the agreement: “We are delighted to be working together with EveryMatrix, a company with great expertise in the industry. We are confident that our partnership together will be a greatly successful one.”
PartnerMatrix provides a complete affiliate marketing and agent management system as a unified stand-alone solution. Levon Nikoghosyan, PartnerMatrix’s CEO, added: "AsianLogic is one of the largest private operators in Asia and is highly respected within the industry. Signing with AsianLogic to cater for two of their biggest brands, Dafabet and Nextbet, is an important win for our team and we are proud to see large operators entrusting our software and the management of their valuable agent networks.
Japan
Las Vegas Sands Managing Director of Global Development, George Tanasijevich, has said the integrated resort destined for Yokohama should become an iconic part of the city’s skyline like Marina Bay Sands has in Singapore. Speaking at an event in Yokohama promoting the 1st Japan IR Expo in Yokohama, to be held in January, Mr. Tanasijevich said: “I want to create entertainment not yet seen before. I want to make a Yokohama a place I want to visit over and over again. I want to build an iconic building like MBS. However, it should be a building completely different from MBS and other IRs. I want it to be unique, complementing and integrating with existing infrastructure. For that purpose, I want a Japanese partner and develop a business understanding of what is needed in the area.”
CHINA – Melco Resorts & Entertainment said a surge in mass table games helped it reach record EBITDA, record mass market table games drop and record slot machine handle in the third quarter of 2019.
Overall revenue came in at US$1.44bn, up 16 per cent due to better performance in the rolling chip and mass market table games segments.
Lawrence Ho, Chairman and Chief Executive Officer, said: “During the third quarter of 2019, all of Melco’s Macau integrated resorts continued to deliver strong mass table games revenue growth, which drove group-wide Property EBITDA to expand approximately 39 per cent year-over-year to US$418m.
“Melco’s mass market table games drop and gaming machine handle both reached all-time- record-highs. The third quarter of 2019 also marked the 16th consecutive quarter of positive year-over- year growth in mass market table games drop, highlighting the strength in Macau’s mass gaming market and Melco’s leadership position in the city’s mass and premium mass gaming segments.”
JAPAN – The World Count of Gaming Machines, research carried out by the Gaming Technologies Association, organisers of the Australasian Gaming Expo, pitches the number of gaming machines installed legally worldwide in 2018 at 7,402,395.
It listed Japan as having the most number of gaming machines, 4,302,731, with a decrease of 4.92 per cent over the year. These pachinko machines make up 58 per cent of the world's total.
The US was second with 898,974 machines, a two per cent increase from 2017. The total in the US made up 11.54 per cent of the world’s total. Italy came third with 320,000 gaming machines, Germany fourth with 277,700 whilst Australia was fifth with 196,301 machines, a decrease of 720 machines from 2017 to 2018. Australia had just 2.6 per cent of the world’s legally installed machines. The UK came sixth with 183,813 machines followed by Spain with 183,409. The top ten was completed with Canada, Argentina and Colombia.
Chris Muir, CEO of Gaming Technologies Association, said: “The 2018 edition of GTA’s annual worldwide survey of gaming machine numbers once again dispels myths around the proportion of gaming machine numbers in Australia. This survey confirms that Australian gaming machines have some of the world’s lowest maximum bet limits which is consistent with what we have found in previous surveys.”
NEWSWIRE / INTERACTIVE / MARKET DATA P31
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