CASINO OCT17 P_Layout 1 20/10/2017 08:35 Page 1 MACAU BUSINESS


By Paolo A. Azevedo By Toni Lai


GAMING BRIEFS G


lobal gaming content and technology company Aristocrat Leisure Limited has reported an after-tax profi t of AU$1.3 billion (US$846 million/


MOP6.76 billion) in the fi nancial year ending on 30 September 2023, accounting for a 20.7 per cent year-on-year increase. The parent company of one of SAR’s top


M M


acau’s casinos recorded MOP 16.04 billion in gross gaming revenue (US$2 billion) in November. The tally accounts for a 435 per


cent year-on-year jump and represents 70 per cent of what was recorded in pre- pandemic November 2019 According to the Gaming Inspection and


20 JANUARY 2024


Jeju – the new Singapore


Aristocrat sees strong growth in net profi t, EBITDA in FY2023


slot machine suppliers also announced that earnings before interest, tax, depreciation, and amortization (EBITDA) reached $2,105.4 million, 13.8 per cent more than in the previous 12-month period. The result “was driven by strong


Jeju will be as big as Singapore in terms of Gross Gaming Revenue, predicts Lawrence Teo. The Chief Operations Officer and Vice President of Dream Tower, the tallest Integrated Resort under construction on the Korean destination island, explains to Macau Business why Lotte Tour decided to enter the casino business and create a landmark. All bets are on making the casino resort the crown of the tourism jewel the company has been dominating for four decades


performance in Aristocrat Gaming, with outstanding portfolio performance and growth in North America Outright Sales as a highlight of the period,” the company indicated. Chief Executive Offi cer of Aristocrat, Trevor Croker, emphasised in a remark that the growth delivered by the group “demonstrates the ongoing resilience, competitiveness, and diversifi cation” of the portfolio and the “sound fundamentals” in the markets in which the group operates. In Asia, revenue and profi t more than


doubled compared to the previous year, with all markets open from January after Macau dropped all pandemic restrictions. “Aristocrat


GGR reaches MOP16 billion November, 70 pct of pre-COVID


natural evolution? Lawrence Teo – Business is the same. But building


a landmark. M. B. – The group [Lotte] has created other landmarks in different types of business. Why would this be different? L. T. – Yes, Lotte Group has already created


Coordination Bureau, with the November fi gure taken in consideration, the fi rst 11 months of the year saw a total of MOP164.49 billion in gross gaming revenue, up 324.9 per cent year on year and about 61 per cent compared to the 2019 level. Macau authorities expect the annual


acau Business – From Lotte World, a major recreational complex [with the world’s largest indoor theme park, in Seoul] to an integrated resort with casino in Jeju. A different beast. A


casino revenue for 2023 to hit at least MOP170 billion.


The Macau Government predicts in the


to do the Dream Tower in Jeju. Lotte here is being just a family company; we’re a different company [Lotte Tour]. It’s not going to be [just] the tallest and the largest building in Jeju, that’s just the hardware. We say that a landmark should be the most visited destination, where tourists will go to eat, shop and maybe [visit] our observation deck. A must-visit point destination. Because of the hardware, and also the software.


2024 budget that the local casino sector will be able to generate a total of MOP216 billion in gross gaming revenue in 2024, a recovery that should allow the Macau SAR to once again record a fi nancial surplus. It means an average of about MOP18 billion is needed each month to achieve that goal.


M. B. – What are the main goals that you definitely want to achieve with this Integrated Resort (IR)?


grew share year on year driven by strong new release game performance, including Dragon Link, Tian Ci Ji Lui, and 5 Dragons Pearl™,” the company added.


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