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Wire ASIA & OCEANIA


Fifth Nagasaki Candidate Confirmed


A consortium consisting of the Niki of Japan and the Chyau Fwu Parkview Group has presented itself as the fifth candidate for a casino licence in the Japanese coastal city of Nagasaki.


Nagasaki Vice-Governor Ken Hirata wants the project at the Huis Ten Bosch theme park in Sasebo city to see an investment of between US$3.2bn to US$4.2bn.


Te Niki is a division of Niki Club, which previously ran NIKI Resort, a nature resort located in Nasu, whilst Chyau Fwu (Parkview) Group is part of Taiwanese construction company Chyau Fwu, which has experience in MICE and is currently building a ski resort in Hokkaido’s Niseko.


Te consortium stated: “Te Niki and Chyau Fwu (Parkview) Group announces we will apply as an operator for a Kyushu-Nagasaki integrated resort. We will propose to build a Super Smart Community that makes full use of cutting edge technology, centered on an IR in Sasebo city, and spreading to Omura Bay. We aim to become the model case for a regionalised IR in Japan. THE NIKI (Japan) & Chyau Fwu (Parkview) Group team will work with local influential companies


in Japan and we are confident that we are the core to realisation and success of a Kyushu- Nagasaki IR.”


It will face competition from four other partnerships for the Nagasaki licence. French casino operator Partouche and Japanese energy company Pixel Companyz, who would work with renowned architect Paul Steelman to design their project. Casinos Austria International has said its project could include a Viennese Philharmonic Orchestra as a permanent fixture. Te casino spa would have a special emphasis on state-of-the-art medical treatment.


Hong Kong-listed Get Nice Holdings, former operator of the Macau’s Grand Waldo, has teamed up with Japan’s Current Corporation for an IR featuring ‘hotels, casinos, restaurants, shops, entertainment facilities and convention centers with approximately 400,000 square meters total floor area.’


Australia AGT estimates six month loss of A$14m


Australian slot manufacturer Ainsworth Game Technology expects to report a loss before tax for the six months ended December 31 2020 of approximately A$14m.


AGT expects to report improved revenue compared to the prior period. Revenue for 1H FY21 was $72m. Tis reflects an increase of 71 per cent on the previous half (2H FY20) of $42m and a 33 per cent reduction on the Prior Corresponding Period (PCP).


Te manufacturer stated: “AGT’s performance in North American continues to show positive signs with revenue in the current period of $41m compared to the $21m in the previous half and $51m in the PCP. Improved participation and lease revenue contributed 40 per cent of the current period’s revenue, an increase of 10 per cent


on the PCP. AGT’s Historical Horse Racing (HHR) products continue to positively contribute to revenues within this segment.”


“In Australia, improvements in the period demonstrate strong performance from recently released products. Revenue of $19m was achieved, an increase of 118 per cent on the previous half and in line with the PCP,” it added.


“Latin America continues to be adversely impacted by high Covid-19 transmission rates resulting in further government mandated closures and access restrictions to customers’ venues. Given the uncertainties and deferrals of purchasing decisions caused by the pandemic within this region, further reductions in revenues are expected in the short term before a return to pre- pandemic activity levels.”


Philippines


Te Philippines gaming regulator, PAGCOR, has suggested to gaming operators that they use double-width poker tables to be able to seat more players. PAGCOR sent a memo to casino executives in February saying they would be allowed to join two poker tables together to help resume operations. Te memo stated: “Poker operators shall be allowed to refurbish, widen and/or customise their poker tables accordingly to further increase its seating capacity subject to the same conditions above, including assembling at maximum two existing poker tables into one to form a larger single poker table that shall count as one active table.”


According to current social distancing rules, chairs can be placed one metre apart and acrylic screens must be installed between each player.


AUSTRALIA – Beleaguered Australian casino operator Crown Resorts has taken another body blow with the publication of its half year results, and with resignations of key executives mounting following the report of the NSW Independent Liquor and Gaming Authority Inquiry, Crown has confirmed it is undergoing 'a complete and comprehensive corporate re-set.'


The impact of the COVID-19 closures on Crown Resorts saw revenues plummet by 62 per cent to $581m for the half year with Crown Melbourne down 90 per cent to $97.1m and Crown Perth down 5.3 per cent to $409m.


Crown’s Executive Chairman, Helen Coonan, said: “Despite the uncomfortable reading at times, Crown has welcomed the Commissioner’s report of the NSW Independent Liquor and Gaming Authority Inquiry. We see it as an opportunity for a complete and comprehensive corporate re-set. We recognise the need for immediate and swift action and I would like to reiterate my commitment to driving the necessary ‘root and branch’ change that is required.


“Crown has committed to working constructively with ILGA to advance reforms necessary to allow it to give effect to the Restricted Gaming Licence in Sydney.


“Crown also continues to work cooperatively with the Victorian and WA regulators as it works to restore public and regulatory confidence in its operations. With Ken Barton stepping down from his role of CEO and Managing Director in February, I assumed the role of Executive Chairman on an interim basis to provide leadership stability as we undertake a search for a new CEO and implement Crown’s ambitious reform programme.”


“I want to be clear I do not see myself as Executive Chairman for an extended tenure. We have already commenced a global search for a new CEO.


“The resignations of Guy Jalland and Michael Johnston as Directors of Crown and the termination of the consultancy arrangement between CPH and John Poynton mean CPH is no longer separately represented on the Crown Board. Further, Andrew Demetriou has resigned as a Director of Crown.


“Their decisions have helped to accelerate our plans for Board renewal, which had already commenced with the appointment of Nigel Morrison subject to the receipt of regulatory approvals.


“Nigel will bring to the Board gaming industry experience throughout Australasia and Asia. Nigel’s appointment will also enhance our Board representation in Melbourne where he is based.”


WIRE / PULSE / INSIGHT / REPORTS P21


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