Galaxy Falls as VIP dips in First Quarter
Te general downturn in VIP gaming felt across Macau has dented the revenues of Galaxy Entertainment which at an unlucky $13bn, were down eight per cent
Galaxy Macau’s Adjusted EBITDA was $3bn, down seven per cent year-on year and down 12 per cent quarter-on-quarter
MACAU CASINO OPERAITONS
Te general downturn in VIP gaming felt across Macau has dented the revenues of Galaxy Entertainment which at an unlucky $13bn, were down eight per cent year-on-year and down eight per cent quarter-on-quarter. Dr. Lui Che Woo, Chairman of GEG said: “During the first quarter, Macau experienced a number of events that impacted the market, most notably in the VIP segment. Tese included the introduction of the full smoking ban plus increased competition from both local and regional casinos that have a significant economic advantage compared to Macau. We continue to progress with the previously announced $1.5bn renovation enhancement program in both Galaxy Macau and StarWorld Macau. Whilst there has been some disruption, we believe this enhancement programme will make our resorts even more attractive to guests. We anticipate to complete this programme in the early 2020.”
Adjusted EBITDA was $4bn, down eight per cent year over year and down eight per cent quarter-on-quarter. Dr. Lui added: “We continue with our development works for Phases 3 & 4, and with our planning for a lifestyle resort in Hengqin. We also continue
Alphaslot and Synergy Blue sign deal for Blockchain Technology
Hong Kong
Blockchain gaming platform Alphaslot and skill-gaming provider Synergy Blue, have announced an agreement to explore bringing innovative entertainment solutions using Blockchain technology to casino gaming in the American, Asian and European markets.
Te strategic alliance allows Synergy Blue to explore how Alphaslot’s blockchain API could be used in its leading skill-based casino gaming products. Alphaslot’s blockchain API is the main interface for casino gaming equipment to connect with players on the casino floor via a blockchain network, allowing interactive gaming experiences in a transparent
with our efforts in Japan where we have submitted numerous Requests For Information to selected Japanese cities and prefectures. 2019 is an important year for China and Macau with a particular focus on three major events. We are committed to supporting the Macau Government’s vision to develop Macau into a World Center of Tourism and Leisure.”
In the first quarter, Macau’s gaming revenue was impacted by the introduction of the full smoking ban and increased competition from both local and regional casinos. Macau GGR for Q1 2019 was $73.9bn, down 0.5 per cent year- on-year and down three per cent quarter- on- quarter. VIP GGR was $36.1bn, down 13 per cent year-on-year and down 11 per cent quarter-on- quarter.
Galaxy Macau’s Adjusted EBITDA was $3bn, down seven per cent year-on year and down 12 per cent quarter-on-quarter. StarWorld Macau’s Adjusted EBITDA was $949m, down five per cent year-on-year and up six per cent quarter- on-quarter. Broadway Macau’s Adjusted EBITDA was $15m, up 15 per cent year-on-year and up 88 per cent quarter-on-quarter.
and trusted environment for both casino operators and regulators. Synergy Blue provides certified, skill-based games for the casino market. .
“Alphaslot is leading the way for blockchain adoption in the gambling industry,” said Georg Washington, CEO of Synergy Blue. “While micro- transactions are unheard of in the casino/gambling world, they are pervasive in the video game market. Our goal is to explore how to leverage blockchain technology to help attract the next generation of gambler and provide innovative experiences.”
Raymond Chan, CEO and co- founder of Alphaslot, said: “Tis agreement with Synergy Blue in America will give us an opportunity to expand into the emerging market of skill- based casino gaming, which could lead to demand for interactive products powered by blockchain technology.”
Australia
Liquor & Gaming NSW has issued its latest gaming machine data updates as part of the NSW Government’s commitment to boost transparency on gambling activity in local communities. Te latest reports cover 1 June 2018 to 30 November 2018 for clubs and 1 July 2018 to 31 December 2018 for hotels. Compared to the previous six- month period: Te number of machines in operation fell by 300 in clubs and by three in hotels. TClub gaming venues fell by seven, and the number of hotel gaming venues fell by 40. Net profit rose by 4.1 per cent for clubs and 13.4 per cent for hotels. Compared to the same six- month period in 2017: Numbers of machines in operation fell by 565 in clubs and by 184 in hotels – an overall fall of 749. Te number of club gaming venues fell by 17, while hotel gaming venues fell by 59. Net profit increased by 0.5 per cent for clubs and 6.4 per cent for hotels.
SINGAPORE – Innovative Technology (Asia Pacific) Pty Ltd have secured a new trading Partner in Singapore, Southeast Asia. Lionex Electronics, headquartered in Singapore, are one of the largest electronic component distributors in Southeast Asia, and a leading supplier for many leading brands. They also have a subsidiary company (AGM) who have offices in Jakarta, Indonesia.
Commenting on the partnership Tony Morrison, Sales Director said: “Our focus initially with be the Indonesian market where AGM – their local brand – will promote and support our products from their Jakarta office. This partnership will provide high potential for long term growth in Vending, Retail, Banking and Kiosk sectors. To begin with they will focus on some of our core products such as BV20, CBA9, NV10, NV200 and SMART Payout – these products fit easily into this diverse entry level market. As our partnership grows it will be exciting to see products like the NV200 Spectral and our new Spectral Bunch Note Feeder (BNF) hit this market in the very near future.”
Speaking on behalf of Lionex Electronics, Madeline Lai said, “This is the first organisation who we have partnered with to provide cash validation products, so we are excited about including their state-of-the- art product range within our offerings. This partnership will help grow our potential in all the markets we serve, and we look forward to seeing this mutually beneficial agreement flourish.”
JAPAN – Melco is a strong contender for an IR License in Japan, with Melco Chairman Lawrence Ho recently announcing his commitment by stating the company may relocate to Japan from the company’s Hong Kong headquarters. “If we win a license to develop an integrated resort, I will personally move to Japan, my executive team will move to Japan, and our head office will move to Japan,” Ho said during a Japan Gaming Congress presentation in Tokyo.
Melco is in the race for an IR License in Osaka. Towards the end of April this year, Osaka officially announced that they are open to proposals from operators for the much awaited and coveted Integrated Casino License. The Japanese city plans to have an integrated resort operational before the 2025 World Expo. While Melco is capitalising on its development plan for the proposed casino, it has announced a budget of $10 billion which is at par with the competitors.
The Osaka IR site is a sprawling 49-hectare piece of land on the artificial island Yumeshima. The integrated resort would feature an international conference center with a capacity of over 6,000 guests and also five-star accommodation facilities with a minimum of 3,000 rooms.
NEWSWIRE / INTERACTIVE / MARKET DATA P31 ASIA & OCEANIA
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124
