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NagaWorld’s Revenues Soar in 2019 ASIA & OCEANIA


NagaCorp ‘continued its journey of growth’ with NagaWorld enjoying a 28.5 per cent surge in its GGR during the first nine months of the year.


NagaCorp’s revenue has hit US$1.29bn, marking a 20 per cent increase, whilst net gaming revenue increased by 28.5 per cent to US$616.3m for the nine months to Sept. 30. Te company highlighted Cambodia’s ‘political stability, increasing FDI, investment activities and business-related visitation to Cambodia’.


International business-related travel from South East Asian countries into Cambodia also grew rapidly, with visitation from Malaysia, Tailand, Indonesia and Singapore increasing by 60 per cent, 23 per cent, 86 per cent and 28 per cent, respectively, which has helped increase visitation to NagaWorld, resulting in ‘improved business volume growth, in particular the mass market business.


NagaCorp is confident that new casino legislation will boost GGR further. “It is expected that the much-anticipated casino law, due to be promulgated by early 2020, which, coupled with the Cambodian government’s recent ban of online gaming, will further strengthen the regulatory environment and governance framework which has been


improving in recent years.’ Te mass market has been the key focus for the group. Mass market buy-ins have increased by 38 per cent, and revenue increased by 42 per cent. A spokesperson added: “NagaWorld continued to benefit from visitation and tourism growth in Cambodia, and continued to underpin the visitor headcount growth at the combined NagaWorld complex. Average daily traffic and customer’s spending at the combined NagaWorld complex continue to grow in line with the increasing visitation to Phnom Penh.


VIP rollings also increased by 35 per cent, driven by the continued influx of business visitation, tourists and increased footfall to NagaWorld complex, in particular Naga 2 where there has been customer demand for higher table limits,” the spokesperson added. “Two reputable Macau junket operators have set up fixed-based operations and commenced bringing in VIP players to NagaWorld in the current period. VIP customers remain well diversified coming from South East Asia and North Asia, with increasing headcounts and check-ins originating from Chinese business visitation.


Japan Typhoon Hagibis stirs Sporting Index payout


Spread betting firm Sporting Index is staring down the barrel of a six-figure payout after World Rugby and the Japan Rugby 2019 Organising Committee cancelled two matches due to the impact of Typhoon Hagibis.


Te England v France and New Zealand v Italy pool games were both cancelled, with all four teams awarded two points as part of a 0-0 draw. Tis has a major effect on a number of Sporting Index’s long-term tournament markets, including total tournament points, total tournament tries and shirt numbers – the aggregate of every try scorers’ shirt number throughout the tournament.


All long-term markets are settled in accordance with the Sporting Index rule book, which means the


official result of these matches is 0-0. Tis is great news for sellers who bet lower on the tournament markets, but is potentially terrible for buyers who place higher bets. Given the unusual circumstances of the cancellation, Sporting Index have taken the decision to compensate buyers of affected long-term markets with an allocation of points for these cancelled matches.


Karl Suntay, Client Services Director at Sporting Index, said: “Our decision to compensate buyers in this highly unusual scenario means that sellers have had all their Christmases come at once while buyers have been extremely well looked after. All markets will always be settled in accordance with the Sporting Index rule book, which is costing us a six-figure sum.”


Philippines


G2E Asia @ the Philippines, the newest addition to the Global Gaming Expo (G2E) Asia series of events, will make its official debut December 3 to 4, 2019 at the Manila Marriott Hotel. Te Philippines show is supported by the Philippine Amusement and Gaming Corporation (PAGCOR) and will comprise of an expo, educational conference, and networking opportunities. PAGCOR) Chairman and CEO Andrea Domingo added: “It is an honour for the Philippines to host this globally renowned event as it reflects the region’s exciting and upward growth in gaming and entertainment, while supporting our work to preserve the integrity of the industry.” Featuring nearly 100 exhibitors and sponsors, G2E Asia @ the Philippines will offer exhibitors an effective platform to grow brand awareness.


HONG KONG – The Hong Kong Jockey Club will be flying out this year’s Racing Post/SIS Betting Shop Manager of the Year winner and their partner to Hong Kong for a five-day feast of racing and hospitality.


The trip will take off with business class flights and a visit to the historic Happy Valley racetrack for the Jockey Club’s famous Happy Wednesday night racing, before the guests settle in to the first of five nights in a five-star hotel.


Before the lucky winner and their partner go on to a day of full hospitality at Sha Tin on FWD Champions Day on Sunday 26th April, they will also be hosted at the FWD Champions Day Gala Party on Friday night.


The final field has been whittled down to just 24 and the winner will be announced at the Betting Shop Manager of the Year awards lunch at the Grosvenor House Hotel in London on November 11.


George Irvine, Commingling Development Director at the Hong Kong Jockey Club, commented: “Betting shops up and down the UK work tirelessly to offer a great service for their customers, so we’re delighted to be rewarding this year’s Betting Shop Manager of the Year winner with an exciting trip to Hong Kong.


AUSTRALIA – Innovative Technology has recently welcomed Ong Choo Teong to its APAC operations as Business Development Manager for South East Asia and Australasia. Ong will be based in Malaysia and is responsible for all sales activities in these established yet growing territories for ITL.


Commenting on his role Ong said, “I am delighted to take on such an important role at a time where ITL is experiencing rapid expansion. Innovative Technology is a dynamic organisation with an increasing presence throughout the globe and I am looking forward to helping grow our reach in these emerging markets. I am settling in well and enjoying travelling across Asia to meet up with both current and potential customers.”


Ong will be responsible for all sales activities, from formulating and executing sales strategy, identifying sales opportunities, following up leads, securing new business and driving deployment of solutions. He will also support order processing and other related areas of the business as well as setting up and managing Trading Partners within the specified regions.


Welcoming Ong to the organisation, Tony Morrison, Group Sales Director said: “Ong has over 10 years’ experience in various sales and account management roles within the retail industry so is ideally placed to take on this opportunity.”


NEWSWIRE / INTERACTIVE / MARKET DATA P35


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