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Wire ASIA & OCEANIA


Melco to Develop Guangdong Resort Melco International in partnership with Agile Group is to develop a


Guangdong province resort as a ‘gateway for global tourism into China.’


Despite the absence of a gaming component, Melco International has, in partnership with Agile Group, successfully tendered for a mixed use site at Zhongshan, Guangdong province in China with a resort that will include hotels, theme parks and restaurants.


Te two companies plan to develop a premium residential, entertainment and hospitality mixed-use complex. With total gross floor area of over 750,000 square meters, the site is located at the heart of Zhongshan, a key hub in the Greater Bay Area that is well-connected to nearby cities including Macau, Zhuhai, Guangzhou, Shenzhen and Hong Kong. Melco will jointly develop the site with Agile through a joint venture to be managed by both parties.


With a wealth of experience in creating and developing world-class entertainment amenities, Melco will leverage on its own successful intellectual properties created in Macau into the development and management of the theme park, restaurants and other hospitality facilities in the complex.


Te Zhongshan project is part of Melco’s strategy to invest in non-gaming assets. Te new


project will include residential, commercial, recreational and entertainment elements, featuring residential complexes, office areas, hotels, service apartments, wellness centers, shopping malls and a theme park. Melco expects the majority of the project, including the theme park, to be completed by 2025.


Melco believes the Greater Bay Area is a gateway for global tourism into China, and will continue to explore opportunities to invest and leverage on its deep expertise in entertainment and hospitality to contribute to the Greater Bay Area development.


Lawrence Ho, Group Chairman and CEO of Melco International, said: “Over the past 15 years, Melco has been creating, developing and operating world-class entertainment facilities in Macau and globally. In doing so, we created a distinctive model of integrating quality leisure, culture and entertainment. We have developed incredible brands that have great growth potential beyond our existing properties. We are determined to play an active role in the development of the Greater Bay Area, and to leverage the incredible expertise of the group in non-gaming activities.”


Australia Big Time Gaming partners with Relax Gaming


Big Time Gaming (BTG), has announced its collaboration with Relax Gaming, the igaming aggregator and supplier, to launch its new Megapays jackpot mechanism. Tis latest agreement and mechanic will bring both classic and new titles into a pooled liquidity system and build on the IP licences already secured - Megaways and Megaclusters.


Megapays is a global, cross-brand jackpot, which is an exciting way for operators to bring a new dimension to fan-favourite titles. Te mechanic offers an addition to games with a tiered, linked, progressive jackpot prize system offering with frequent millionaire-making opportunities.


Nik Robinson at Big Time Gaming


said: “Te result of plenty of research and development, Megapays is no doubt going to be a fantastic engagement tool that will prove to be a hit with players everywhere. Partnering with Relax to launch another industry innovation is testament to our positive working relationship. We’re excited to see what our next collaboration will bring.”


Commenting on the product, Simon Hammon at Relax Gaming said: “Our latest landmark collaboration with long-time partner BTG is certainly cause to celebrate. Launching our global jackpot system and operations shows growth in product strategy and depth that we’re proud to be sharing with our operators and players alike.”


Japan


Yokohama’s upcoming mayoral election could stand in the way of Genting Singapore’s bid, given that three mayoral candidates are against the IR project and have announced intentions to cancel it if elected. Meanwhile, incumbent mayor Fumiko Hayashi, who is supportive of the IR, has yet to announce her intention to run for a fourth term. Yokohama’s upcoming mayor election could stand in the way of Genting Singapore’s bid, given that three mayoral candidates are against the IR project and have announced intentions to cancel it if elected. Te election will be held on August 22, just before the final selection of the IR winner. Te expectation is that the IR decision will likely stay on the sideline awaiting the upcoming election to be decided.


NEW ZEALAND – Following strong performance from electronic gaming machines at SkyCity Adelaide and from its offshore online casino SkyCity Malta, New Zealand’s SkyCity Entertainment says it will deliver better than expected results for its full year set to be announced in August.


The company stated: “SkyCity has continued to see strong performance from its local gaming businesses in New Zealand, particularly from electronic gaming machines, and consistent performances from both SkyCity Adelaide post opening of the expansion from December 2020 and the offshore online casino, SkyCity Malta.


“SkyCity’s tourism-related business in New Zealand and South Australia continue to be impacted by ongoing international border closures, excluding the Trans-Tasmanian border, which re-opened on April 19, but are benefiting from positive domestic tourism, particularly on weekend and holiday peaks.”


“Subject to no property closures prior to June 30, SkyCity expects FY21 Group normalised EBIDTA of between $247-253m and FY21 Group normalised NPAT of between $84 to $88m. Due to ongoing uncertainty arising from the timing of the New Zealand International Convention Centre/Horizon Hotel reinstatement and potential for other accounting adjustments required as part of the FY21 results, SkyCity is unable to provide guidance for reported results at this time.”


SOUTH KOREA – Jeju Dream Tower has now opened its foreigner-only casino on the South Korean holiday island of Jeju, complete with 141 tables, 190 slots and 78 electronic table games.


The relocation of the casino licence from Lotte Hotel Jeju has seen the games quota increase from 27 game tables and 51 slots. Lawrence Teo, Chief Operating Officer (COO) of the casino's owner Lotte Tour Development, said: “Even though the number of overseas tourists is currently limited by the Covid-19 pandemic, casino sales will generate about KRW30-40bn ($27-36m) a month, mainly from foreigners living in Korea. We are flooded with inquiries from visitors who want to enjoy a new level of upgraded casino experience in Jeju."


There is 5,367sq.m of gaming space at the new venue. The casino is hoping to attract 1.4m tourists a year. It is the third casino on the island with Paradise Casino Jeju Grand and Landing Casino the only competition currently.


The casino is housed in the tallest building in Jeju with 38 floors offering a retail mall, 14 restaurants and bars, an outdoor pool deck, top floor skydeck with lounge, two spas and a hotel.


WIRE / PULSE / INSIGHT / REPORTS P27


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