Wire ASIA & OCEANIA
Casinos Austria Selected by Nagasaki
Casinos Austria International has won out in the race to be the casino partner for an Integrated Resort at Huis Ten Bosch at Sasebo City in Nagasaki.
Te Nagasaki Casinos Austria International IR design concept could include a Viennese Philharmonic Orchestra as a permanent fixture.
JAPAN LAND-BASED
MALAYSIA – Resorts World Genting, the mountaintop Malaysian casino, will remain closed for another three months with Maybank Investment Bank earmarking a November reopening when the national vaccination level reaches 80 per cent.
Maybank IB analyst Samuel Yin Shao Yang believes it will take another three months for the vaccination levels to reach that point. If this is the case, it would mean that the casino will have been shuttered for five months, having started its current lockdown on June 1. He has slashed expected attendance levels from 8.5 million to five million, with the company's loss widening further before the end of the year.
Mr. Yin said: “Our investment thesis of Covid-19 vaccination led recovery remains intact as Malaysia is expected to achieve herd immunity by October 2021 as COVID-19 vaccinations have surged to more than 400,000 per day. At this rate, the government expects Malaysia to achieve herd immunity by October 2021. Thus, we hope that Malaysians will return to RWG in droves after that.”
SINGAPORE – For the first half of 2021, Genting Singapore, operator of Resorts World Sentosa in Singapore, grew its revenue by 24 per cent to $554.8m for the half year to June compared to the previous year, with the net loss reversing to a net profit of $88.2m. This is an improvement compared to the corresponding period last year where most operations at RWS ceased for almost three months from 6 April 2020 to 30 June 2020.
The company said: "This arose from the Circuit Breaker period, a directive in 2020 from the Singapore Government to contain the spread of the COVID-19 virus. With cross-border travel being severely curtailed in our traditional markets, most of our key offerings at RWS continued to operate at considerably lower levels compared to pre-COVID- 19 pandemic. While Singapore has progressively been reopening the economy at the start of the year, the emergence of a new virus variant and the detection of several clusters of infections, resulted in the Multi-Ministry Taskforce reintroducing stricter measures and tighter restrictions.
"The current situation only caters to a limited market of the smaller local population. In the short term, we do not anticipate any measurable increase in business sentiment until we have greater visibility of the border openings. We are grateful to the Singapore Tourism Board and the Singapore Government’s support measures including the $100 SingapoRediscovers Vouchers scheme made available to Singaporeans aged 18 and above for boosting the local tourism industry. This support helped mitigate the challenging environment that our Group is facing.”
P22 WIRE / PULSE / INSIGHT / REPORTS
Casinos Austria International has won out in the race to be the casino partner for an Integrated Resort at Huis Ten Bosch at Sasebo City in Nagasaki with a design concept that could include a Viennese Philharmonic Orchestra as a permanent fixture. Little is known yet about the winning bid, except that the casino spa would have a special emphasis on state-of-the-art medical treatment.
Officials at Nagasaki Prefecture have confirmed that Casinos Austria was given 697 points leaving it ahead of Oshidori International, who partnered with Mohegan Gaming & Entertainment, with 682.8 points and NIKI Chyau (Parkview) Group with 667.1 points. Oshidori had though already withdrawn from the competition earlier in the week citing 'restrictive and unreasonable rules' that favoured one of the candidates.
Nagasaki Governor, Hodo Nakamura, said: “On January 7 of this year, Nagasaki prefecture began the public tender selection for the Kyushu-Nagasaki integrated resort operator, and today we have selected Casinos Austria International Japan to receive priority
Jade Entertainment secures approval from PAGCOR
Philippines
Jade Entertainment has secured approval from the Philippines’ gaming regulator, PAGCOR, to launch its online gaming platform to sportsbook players nationwide.
As a result, Jade SportsBet, already certified and regulated by PAGCOR, is primed to leverage digital opportunities across the Philippines.
JadeSportsBet.com, in collaboration with its retail partners, is now ready to accept player registration to its remote gaming platform.
Joe Pisano, CEO of Jade Entertainment, said: “PAGCOR’s flexible foresight in adapting to the ongoing challenges of the pandemic has resulted in this landmark
negotiation rights. We would like to express our sincere gratitude to all entities who participated in our RFP at a time when the world faced the pandemic, and for their unique proposals that make use of their own experience and expertise. We also thank the members of the evaluation committee, each with their own perspective based on their area of expertise, who have taken the time to strictly evaluate the proposals.
“Going forward, our next course of action is to come to a master agreement with the priority negotiation rights holder. Te prefecture will continue its efforts toward receiving national approval for developing an IR in Nagasaki.”
Speaking previously at the at the Kyushu Nagasaki Integrated Resort (IR) Business- Connect Seminar, CAI’S Japan’s Managing Director, Akio Hayashi, described the plans as 'amazing' adding they had not been 'seen elsewhere in the world.' He emphasised that CAI wasn't looking to replicate the 'gaudiness of Las Vegas or Macau' but that it wanted to to create a 'European-style IR' to suit a regional city with MICE as a key.”
license for Jade SportsBet and our progressive portfolio of local retail partnerships. Obviously, our strategic intention is to roll out more of these agile online collaborations, as we continue to provide land-based operations with a lifeline in the digital world.
“Although the migration from land-based to digital was already apparent before the coronavirus outbreak, Jade’s intersectional expertise, groundbreaking technology and trading teams have really put us in the driver’s seat for giving customers the sports betting experience they’ve been craving throughout recent lockdowns.
“Te Philippines remains the most mature gaming market in Asia with a very diverse range of products, so we’re thrilled to be innovating to promote a sustainable and socially- responsible sports betting ecosystem.”
New Zealand
SkyCity was forced to close its Auckland, Hamilton and Queenstown casino and entertainment facilities due to an increase in COVID infections mid-August. SkyCity’s Auckland hotels, however, remained open to accommodate existing guests staying in-house. Te operator commented: "Tese measures have been implemented in response to the announcement by the New Zealand Government, following a new case of COVID-19 in the Auckland community, the COVID-19 Alert Level will increase to Alert Level 4 in New Zealand.” Auckland and Coromandel regions were placed on Alert Level 4 for a period of seven days and the rest of New Zealand stayed atAlert Level 4 for a period of three days. SkyCity’s Adelaide property was unaffected by the restrictions. SkyCity was due to to release its result for the financial year ended 30 June 2021 at the end of August.
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