ASIA & OCEANIA
MGM plans for Tokyo, Yokohama and Osaka MGM Resorts CEO, Jim Murren, gave his objectives in Japan at the Bank of
America Merrill Lynch 2017 Japan Conference. He predicted that MGM Japan, an integrated resort would demand an investment of $10bn and open in 2025
To accommodate its expanding team, MGM Resorts Japan will relocate its office from Akasaka to Otemachi, Tokyo
JAPAN LICENSING
PHILIPPINES – Landing International has meet with Philippines’s President Rodrigo Duterte and his cabinet to discuss building an international branded theme park integrated resort in the Philippines.
Dr. Yang Zhihui, Chairman and Executive Director of Landing International Development Limited and the company’s senior management met with President Rodrigo Duterte, President of the Philippines, and his cabinet team at Malacaňang Palace, Manila, Philippines on 4 September 2017, to present the company’s proposal to build a world-class international branded theme park integrated resort in the Philippines. President Duterte welcomed the company’s proposed investment into the Philippines and expressed his keen interest and overwhelming support to the company’s proposal.
Dr. Yang stated: “Following our first meeting with the President in May 2017 in Hong Kong to discuss investment opportunities in the Philippines, we are honoured to share with President Duterte and his cabinet team our vision for tourism in the country and our proposal to build an iconic international branded theme park integrated resort in the Philippines that all Filipinos will be proud of.
“This resort will comprise Asia’s first movie-themed indoor theme park, waterpark as well as many other leisure and entertainment facilities suited for all ages and families. When opened, the branded theme park integrated resort will enhance Philippines’ tourism appeal, complement the existing tourists’ attractions and resorts as well as create significant employment opportunities for the locals as well as returning Filipinos who are currently working overseas.”
SAIPAN – Imperial Pacific’s temporary casino Best Sunshine Live has delivered again in what are its last six months of results. The operator has shut the 16 table temporary facility and opened its gaming floor at Imperial Pacific Resort on July 6. It plans to open VIP rooms by the end of 2017.
The temporary venue reported an 83.1 per cent increase in GGR to HK$7.3bn for the six months to June 30 2017. VIP gaming generated HK$7.09bn for the period, up from HK$3.8bn year-on-year, with mass gaming tables generating HK$147m, marking an increase of 21.6 per cent. The operator’s slot machines and ETGs generated HK$34.1m, an increase of 27.5 per cent. VIP rolling chip came in at HK$196.3 billion, marking an 87.6 per cent increase on 2016 with each table generating an average of HK$443m in revenue during the first half of the year. When fully operational, Imperial Pacific Resort will house 193 gaming tables and 365 slots. It currently has 48 tables and 141 slots.
P36 NEWSWIRE / INTERACTIVE /
247.COM
MGM Resorts CEO James Murren gave some pointers on the operator’s objectives in Japan at the Bank of America Merrill Lynch 2017 Japan Conference. He predicted that MGM Japan, an integrated casino resort which would demand an investment of $10bn, would open sometime in 2025.
Mr. Murren said MGM wanted to be part of a Japanese-led consortium but didn't specify whether the local partner would be a majority owner or not. "We commit to being a good partner to Japanese companies in a Japanese- led IR consortium," said Mr. Murren.
Te company presented some artistes impressions for resorts in Tokyo, Yokohama and Osaka, the three cities earmarked for potential development by rival operator Wynn Resorts. Mr. Murren said MGM would create a ‘uniquely Japanese Integrated Resort.’ MGM said it would 'design an integrated resort that honours Japan’s values and traditions.' It will 'collaborate with many Japanese companies and be a trusted dependable partner.'
It reinforced its commitment to the Japanese market as it announced the appointment of former Charge d'Affaires, United States Embassy Tokyo, Jason P. Hyland as the Representative
PAGCOR accredits GLI as offshore testing company
Philippines
GLI has become the first independent laboratoy to be accredited by the Pagcor to test and certify online systems operated by holders of a Philippine Offshore Gaming Operator (POGO) license.
GLI Australia’s Senior Manager Regulation, Compliance and Quality Assurance Phil Harrison said, “We are honoured to be accredited by PAGCOR to test and certify POGO online gaming systems. PAGCOR is the Philippines’ national gaming regulator and, with the establishment of the POGO jurisdiction, regulates the largest number of online
Officer and President of MGM Resorts Japan. In addition, MGM will allocate development specialists from the US to Japan as it increases its total development staffing in the U.S. and Japan combined to more than a dozen, reinforcing MGM Resorts Japan's organisational structure as it works to realise a Japanese resort.
To accommodate its expanding team, MGM Resorts Japan will relocate its office from Akasaka to Otemachi, Tokyo and open a brand- new office in the central business district on September 1, 2017. Since establishing Japanese subsidiaries in Tokyo and Osaka in 2014, MGM Resorts Japan has been providing information on integrated resorts (IR) to government, industry, and private entities, and will continue to build relationships and gather information on the domestic market. Te company also plans to open a new office in Osaka in the future.
Mr. Murren said: "We are very pleased to welcome Jason to the team, and look forward to his contributions and insights. Jason's substantial experience as senior diplomat, his deep understanding of the Japanese culture, as well as his proven leadership, negotiation skills, extensive network and strong command of the Japanese language will be a tremendous asset as we promote activities in Japan."
gaming operators in the APAC region. GLI is committed to the APAC region and will further that engagement through PAGCOR’s accreditation as an independent tester at its Adelaide, Sydney and Macau test facilities. We are delighted to provide PAGCOR’s license holders with the highest quality and most effective services to the industry.”
With this accreditation, GLI is opening the door for its iGaming clients to obtain access to another jurisdiction in the rapidly expanding APAC region. GLI Australia is authorised to provide independent testing and professional services to all Australian states and territories including the Philippines, Macau, Singapore and other APAC gaming jurisdictions.
Australia
Ainsworth Game Technology has reported Profit after Tax of $37.9m for the year ended 30 June 2017, exceeding guidance by 2.5 per cent. Ainsworth delivered a strong second half performance, with $42.2m Profit Before Tax, an increase of 178 per cent on the $15.2m reported in the first half.
Chief Executive Officer Danny Gladstone said: “We continue to expand on strategies to broaden and diversify product offerings in established and new markets. With the introduction of new technologies and an increased range of innovative content, we expect to progressively grow market share and profitability across international and domestic markets. International sales account for 74 per cent of the group total.”
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