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Tag Archives: Macau

Golden Race hits hard at G2E Asia in Macau

Golden Race

Golden Race proved a “big hit” with delegates at the 11th annual Global Gaming Expo Asia (G2E Asia), after presenting its new ONLINE platform in Macau (16-18 May). The virtual sports betting company recently launched its new designed virtual sportsbook, which has been carefully designed to be entirely familiar to real sports betting players. It can also be quickly integrated into ... Read More »

Melco Crown targets Macau turnaround with senior executive restructure

Asian gambling operator Melco Crown Entertainment (MCE) has undertaken a senior executive restructure as the firm seeks to reverse its declining corporate performance. A raft of executive changes was confirmed by MCE CEO Lawrence Ho, who has assumed greater control of the company following last December’s equity sell-off by James Packer’s Crown Resorts. Aiming to reverse the declining performance of ... Read More »

GAMEIOM goes live with Fortune Cats on William Hill

GAMEIOM - Fortune Cats

GAMEIOM Technologies Limited has launched Fortune Cats, the first slot to go through the GAMEIOM Remote Gaming Server platform and the first to go live on William Hill. Fortune Cats, a five-reel, fifty-line slot game with a unique sixth reel feature, is live on William Hill’s Macau tab across both mobile and desktop sites. Based on some of the luckiest cats ... Read More »

Macau Jockey Club bolsters betting provisions with Sportech Racing

The Macau Jockey Club (MJC) has restructured its pari-mutuel betting provisions integrating Sportech Racing Digital technologies delivered through the firm’s Quantum TM System. Partnering with Sportech, MJC properties will be supplied with ‘BetJet’ teller and self-service operated betting terminals. Furthermore, MJC also received a new betting website with Sportech’s G4 digital framework, the first implementation of G4 within the Asian ... Read More »

Melco Crown sell-off props Crown Resorts 2016 profits

Presenting its full-year results (year ending 30 June), Crown Resorts LTD (Crown) has reported net profits of AUS $948 million (£555 million) up 14% on corresponding FY 2015 corporate earnings. Crown year-end results would be propped by its AUS $602 million (£350 million) share sell-off in Melco Crown Entertainment (MCE), as the company reduced its shareholder equity from 37.3% to ... Read More »

Macau to publish ‘mid-term’ economic review on gambling sector impacts

Amid continuing declining revenues for its casino sector, the Macau government will publish its mid-term economic review undertaken by Economic & Finance Secretary Leong Vai Tac. The Vai Tac review which began in May aims to research the overall effect of Macau’s biggest sector on the provinces economy and its potential recovery. The mid-term review focuses on eight key topics ... Read More »

Nomura predicts three year Macau revenue slump

Japanese trading house Nomura Holdings, has predicted that Macau’s gambling industry could suffer an 8% year on year decline in 2016. Entering Q4 2015, the province’s casino industry is witnessing a 30% slump in gross gaming revenues. If Nomura’s prediction becomes a reality, Macau gambling would enter its third year of consecutive year-on-year revenue decline. Asian financial analysts appear downcast ... Read More »

Embattled Macau Horse Racing gains Jockey Club contract extension

Macau Horse Racing (MHR) has been granted a two year services contract extension to operate the Macau Jockey Club. MHR has held the monopoly racetrack contract since 1978, the contract was last extended in 2005. Lionel Vai Tac Macau’s Economic and Finance Secretary confirmed that the extension had been granted, with MHR paying 15 million Patacas (£1.3 million) to maintain ... Read More »

Red Alert – Devalued ¥uan threatens whole Asian gambling sector

Last week’s unexpected devaluing of the Yuan by the People’s Bank of China’ will likely have negative impacts throughout Asia’s casino and leisure industry, according to numerous Asian business analysts. Aimed at stabilising the national economy and maintaining growth and employment rates, the devaluing of the Yuan is thought to represent China’s largest depreciation its ¥. currency for twenty years ... Read More »

Packer steps down as Chairman of Crown Resorts

Following numerous quarters of consecutive performance declines, billionaire James Packer has confirmed that he will step down as Crown Resorts Executive Chairman. As majority shareholder in the business, Packer will be transferred to a senior executive placement within the casino operator’s governance. Packer will further maintain his Co-Chairman position of subsidiary Melco Crown Entertainment Asia. Packer will be replaced as ... Read More »