Mohegan Debate Inspire’s Financing US operator Mohegan Gaming and Entertainment will meet officials of South
ASIA & OCEANIA
Korea’s Ministry of Culture, Sports and Tourism (MCST) to discuss funding for the company’s US$5bn Inspire Integrated Casino Resort next to Incheon Airport
Te initial phase of the integrated resort should cost $1.6bn with 1,350 hotel rooms, a 25,000 sq. ft. foreigner-only, casino with 700 slot machines and 180 tables
SOUTH KOREA CASINO OPERATIONS
SOUTH KOREA – Landing International’s Landing Casino at Jeju Shinhwa World is welcoming guests daily, and each of the casino’s slot devices is protected by JCM Global solutions. JCM exclusively provided its iVIZION bill validator, GEN5 thermal printer, and ICB Intelligent Cash Box to the 5,500sq.m casino. The combination of products offers the highest levels of protection, while also helping to increase customer connections and streamline the drop process.
“In planning Landing Casino at Jeju Shinhwa World, we worked painstakingly to create a place where our guests could enjoy world-class hospitality that offered a fully rounded leisure and entertainment experience. That included our slot floor, where we wanted to combine security and convenience, and we found that solution with JCM Global, said Neil Gallagher, Vice President of Casino Operations.
“We are honoured to have been chosen as the exclusive provider to Landing Casino at Jeju Shinhwa World,” said JCM APAC General Manager Ian Payne. “At JCM, we understand operators want to strike a perfect balance between high security and customer convenience, and in casinos all over the world and of all sizes, JCM products continue to prove themselves.”
SRI LANKA –BetConstruct has announced the launch of a special project for land-based casino operators to target the highly profitable online gaming sector.
As BetConstruct sees success of both traditional and live casinos, the software provider combines the thrill of the real gaming floor with the convenience of play-anywhere games on desktop, tablet and mobile. BetConstruct developed a custom solution for Bally’s casino in Sri Lanka. Developed in accordance with the land-based casino, the online version is customized in detail meeting the original branding and promoting Bally’s casino to the web players worldwide. Live casino setup created a more dynamic customer engaging channel for Bally’s bringing an unlimited number of players daily with multiplayer mode.
BetConstruct covers the technical support, programming. We provide all necessary software and equipment for the casino studio to work including cards, checkers, monitors and cameras and the setup itself. For the dealers to learn how to work for the web-based format BetConstruct professionals organize special trainings. As an addition to the studio, we assign 24/7 support and risk management for the players of the online casino.
P40 NEWSWIRE / INTERACTIVE / MARKET DATA
Officials from US operator Mohegan Gaming and Entertainment are to meet officials of South Korea’s Ministry of Culture, Sports and Tourism (MCST) to discuss funding for the company’s US$5bn Inspire Integrated Casino Resort set to open in 2021. Te aim is to have the financing for the project agreed by the end of the year although Mohegan did emphasise that the project’s ‘pre-development and related financing are on track.’
Mohegan’s Chief Financial Officer Drew Kelly said: “Te most important next step is a meeting that we’ll be having with the MCST in late August and into early September. After that we’ll have a very crystal-clear picture as to the exact timings. We are preparing a set of information for them, which we believe will be well received and will otherwise speak to the unique aspect of this truly integrated resort and how it will be a dominant property in the market. a product of that, we’ll be providing an update on the financing structure. Myself and
International high- rollers return in droves to Crown Resorts
Australia
Foreign VIPs are back in large numbers for Crown Resorts' VIP segment by 54.5 per cent to more than $51.5bn. Te increase in international VIP gamblers was felt most in Melbourne with the segment increasing its revenues by 73 per cent.
Crown Executive Chairman John Alexander, said: “Crown’s VIP program turnover had a very good recovery. Te full year result reflects a solid performance from our Melbourne operation and continued subdued trading in Perth. Total normalised revenue across Crown’s Australian resorts increased by 10.6 per cent on the prior comparable period. Main floor gaming revenue increased by 1.5 per cent with modest growth in Melbourne offset by softness in Perth. VIP program play turnover in Australia of
other company executives will be spending the balance of the remaining portion of 2018 in Asia making sure that we are successful both with the meeting with the MCST and with our financing partner.”
In May, Mohegan Gaming bought out its local partner, KCC Corporation, a construction materials company, in the project to take 100 per cent ownership in it. Mohegan CEO Mario Kontomerkos said: “We reached an amicable agreement to purchase our South Korean partner’s stake in Project Inspire and furthering our diversification efforts in Asia, the world’s fastest-growing major gaming and entertainment market.”
Te initial phase of the integrated resort should cost $1.6bn with 1,350 hotel rooms, a 25,000 sq. ft. foreigner-only, casino with 700 slots and 180 table games, a 15,000-seat theatre, retail shopping, amusement park, and several restaurants.
$51.5bn, up 54.5 per cent, was a pleasing outcome, particularly at Crown Melbourne, up 73.9 per cent, given the difficult trading conditions in the prior comparable period.”
Te results marked a welcome yet sharp turnaround for the company’s international VIP sector which had been hit by the arrests of Crown Resorts staff in China in 2016.
Crown's Head of International VIP programmes, Jason O'Connor is now out of prison in China and back in Australia working for Crown on unspecified projects.
Crown’s CFO, Ken Barton, commented: “We’ve got a new model and a sales force that is comfortable with the new model. Junkets have grown to be a large and sophisticated business and they do have a business model that seems to work. It is pleasing to see customers come back to us in 2018 at a rate which is now starting to look more like what we saw pre the China detentions."
Philippines
LETOU has announced a partnership deal with Serie A giants FC Internazionale Milano (Inter) to become their first-ever Asian online gaming partner. LETOU will become the club’s Official Regional Online Gaming Partner, in an agreement that will see the club’s image and identity used as part of LETOU’s promotions in Asia. LETOU are based in the Philippines and are hugely popular across Asia and have previously sponsored Swansea City FC when they were in the Premier League. Te partnership will give Asian football fans the chance to engage with Inter, who will provide LETOU with LED perimeter board exposure at all domestic fixtures played at the San Siro stadium. LETOU CEO Paul Fox said: “In recent years, the ever-popular Serie A is becoming even more prominent in Asia and LETOU is honoured to be Inter’s first ever Asian online gaming partner.” Te partnership will commence at the start of the Serie A 2018/19 season, which begins on August 18, 2018.
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