New Zealand Secures FOBT Deal ASIA & OCEANIA
Te New Zealand Racing Board has approved the selection of OpenBet (an NYX company) and Paddy Power Betfair to deliver the technology solution and supporting data for its Fixed Odds Betting business
OpenBet will provide NZRB with access to a first-class FOB engine, used by major wagering organisations across the world
NEW ZEALAND FIXED ODDS BETTING
CHINA –MGM China saw its revenues increase by seven per cent for the three months ended March 31, 2017, with total revenue of HK$3.9bn.
Adjusted EBITDA was up by 23 per cent from a year ago to HK$1.2bn. Property EBITDA margin for the quarter grew 412 basis points year on year to 31.4 per cent. Mass business accounted for over 80 per cent of the profit for the group during the quarter.
For the quarter, the Group recorded main floor table games win of HK$2.2bn, an increase of 17 per cent from a year ago. This compares to an estimated growth of 12 per cent year over year for Macau mass table GGR. VIP table win at MGM China was down seven per cent year from a year ago.
Before Chinese New Year this year, MGM opened a new gaming area on the main floor as part of an overall remodeling project of MGM Macau. The new gaming area not only offers premium mass players additional gaming tables, but also provides better connectivity and visibility on the gaming floor.
PHILIPPINES – JCM Global has appointed Jade Entertainment and Gaming Technologies as an international distributor/authorized service center.
Jade will provide local support and service for JCM products throughout the Philippines, meaning JCM customers can now contact Jade for service and repair locally. Jade will also provide onsite service as required and implement a preventative maintenance program cycle with customers.
Jade will support JCM’s iVIZION and UBA bill validators, its line of FutureLogic printers, and JCM’s ICB Intelligent Cash Box system. Additionally, Jade will represent and assist JCM in bidding on new casino contracts in the region and be a distributor of JCM products as required.
JCM General Manager of Asia-Pacific Ian Payne said: “JCM Global is known universally for world- class service that seamlessly accompanies our industry-leading products. We are very pleased to announce this new service and support agreement with Jade Entertainment and Gaming Technologies Inc., and to bring our customers throughout the Philippines even easier access to our top-line support.”
Jade Entertainment and Gaming Technologies Inc. CEO Joe Pisano said “We are very pleased to associate ourselves with JCM Global, JCM Global provides an extensive line of award winning products and we look forward to providing the JCM current and future Customers with local support services.”
P24 NEWSWIRE / INTERACTIVE /
247.COM
Te New Zealand Racing Board has approved the selection of OpenBet (OB, a NYX Gaming Group company) and Paddy Power Betfair (PPBF) to deliver the technology solution and supporting data for its Fixed Odds Betting (FOB) business.
Te investment will enhance NZRB’s current fixed odds betting business, to meet ever- increasing customer demand and enable NZRB to better compete with international wagering organisations.
OpenBet will provide NZRB with access to a first-class FOB engine, used by many of the major wagering organisations across the world, and partner NZRB with an organisation at the forefront of international wagering growth and innovation,” says NZRB Chair, Glenda Hughes. "Both partner organisations have strengths in digital, sport and in-play wagering, which are three of the biggest growth opportunities for NZRB.”
“Te new FOB offering will complement our already competitive Tote, putting NZRB in a much stronger position to manage turnover across both products, taking into account customer and channel preferences,” says Hughes.
Macau stepping up ATM security with facial recognition
China
Te Macau government is taking security checks for money withdrawals up a notch, announcing that UnionPay ATM cardholders will now need to present ID cards and take part in facial recognition to withdraw money.
Te move has caused some concern that the casino sector will be affected. UnionPay is China's main payment network.
JPMorgan said: "We do not expect the actual impact on [gaming] demand to be very meaningful, as there still are
Te new FOB platform is one of a number of key strategic initiatives - the other initiatives include customer and channel improvements, racefields legislation, and a programme to optimise the racing calendar - that will deliver a significant lift in annualised Net Profit per year to racing once fully implemented.
In April, NZRB signalled its confidence in the progress of these initiatives by announcing its commitment to deliver some of the future funding increase from these initiatives ahead of full implementation. It will do this by providing an additional $24 million over the next two years to enhance participation and investment in racing. Tis will be specifically targeted at lifting stakes across the three racing codes.
Te Board also introduced the $4.77m of Industry Enhancement Funds over two and a half years to support stakes, infrastructure and youth development.
“Tis will see distributions to the industry increased to a minimum of $148.2 million in 2017/18 and 2018/19 from the current baseline, in anticipation of the future financial benefits of New Zealand Racing Board’s key strategic work currently underway,” commented Chief Executive Officer, John Allen.
many other ‘channels’ – at least for now – that can help players/junkets to get cash in Macau, via pawnshops for example. Tat said, we can’t rule out any potential impact on 'player psychology', as some players/junkets may feel reluctant to use ATM cards given increased identity checks, so any progress in this area warrants close monitoring in our view."
Nomura said: "History tells us that, while there could be a near-term blip in middle- market mass gaming revenues, Chinese gamblers are very resourceful in trying to move money out of the mainland.”
Daiwa added: “Tis latest development does dampen the prospects of achieving the Street’s much-higher growth trajectory in 2017.”
China
Wynn Palace, the latest resort Wynn Resorts has opened in Macau, has boosted first quarter revenues for the Vegas-based operator. Te company opened Wynn Palace on August 22, 2016, with the first quarter of 2017 representing the second full quarter of operations. Net revenues and Adjusted Property EBITDA from Wynn Palace were $475.8m and $111.9m, respectively, for the first quarter of 2017. Tis contributed to the operator posting a 47.9 per cent increase in its net revenue across the board. Net revenues came in at $1.48bn for the first quarter of 2017, an increase of 47.9 per cent. Te increase was the result of $475.8m from Wynn Palace and an increase of $23.4m from Las Vegas operations, partially offset by a decrease of $21.2m from Wynn Macau.”
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