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Macau GGR to break records

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According to Bloomberg, gross gambling revenue is set to rise 14 percent in 2018 and is likely to break records in 2019.

 

Gambling in Macau keeps growing and is not expected to stop in the near future. On the contrary, according to Bloomberg, gross gambling revenue is expected to achieve record breaking figures in 2019 after jumping by 14 percent during next year.

The financial services firm quoted a survey of 10 analysts and projected that GGR will break the 2013 US$45 billion mark that was set before government’s measures affected revenue. The increase is expected to be driven by VIP gamers, in addition to the new Cotai casinos, which will have a major impact in tourism, making it rise 7 percent during 2018.

Bloomberg’s projections add up to Bernstein Research’s own, which assured that Macau GGR in December will gain between 17 and 19 percent, also led by VIP revenue which jumped 35 percent in the third quarter and rose during the whole year.

Assuming a reduced GGR average daily rate of US$88.5 to US$92.2 million for the remaining days of the month, we estimate December GGR to a range of US$2.85 billion and US$2.9 billion, an estimated year-on-year increase in December of 17 percent to 19 percent,” analysts Vitaly Umansky, Zhen Gong and Cathy Huang.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Las Vegas Sands pushes hard to get Japanese IR license

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mayor-of-osaka Las Vegas Sands pushes hard to get Japanese IR licenseReading Time: 1 minute

Las Vegas Sands President courts Osaka officials, pitches multi-billion-dollar integrated resort plan.

Robert Goldstein, the president of US-based casino company Las Vegas Sands, has held meeting with Osaka Governor Ichiro Matsui and Osaka Mayor Hirofumi Yoshimura to present the company’s plans for building and running a casino in Osaka. Osaka is tipped to be one of the three locations for which the newly announced IR licenses will be issued.

Goldstein briefed the officials about Las Vegas Sands’ success in the international gambling markets and company’s plans for investment in building an greatest integrated resort in Osaka. Sand now has casino facilities in Las Vegas, Macau, and Singapore.

Las Vegas Sands is willing to invest more than $10 billion for an IR facility in Japan.

Source: Latest News on European Gaming Media Network

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eSports market of Japan grows 13-fold last year

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eSports-market-of-Japan-grows eSports market of Japan grows 13-fold last yearReading Time: 1 minute

According to gaming industry publisher Gzbrain Inc, Japan’s eSports market has grown by 13-fold to touch ¥4.8 billion (about $42.5 million) this year.

There has been a massive jump in revenue since competitive video gaming was legalised in February. The Japan Esports Union has also been set up, which provides professional licenses to gamers.

A number of new competitions have been planned. All these will make Japan’s eSports fan base to grow further. The industry forecast is that the domestic market will touch about $90 million in 2022.

Source: Latest News on European Gaming Media Network

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Caesars Entertainment hopeful of winning Japan license

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Caesars-Japan-license Caesars Entertainment hopeful of winning Japan licenseReading Time: 1 minute

Jan Jones Blackhurst, Executive VP of Government Relations of Caesars Entertainment, is confident of winning the license for Japanese Integrated Resort (IR) licenses. The Japanese government has decided to issue three IR licenses for yet to be decided provinces. A number of international gambling operators are jostling to obtain one of the three licenses.

Blackhurst says that Caesars is right on track to win one of the three available licenses.

She said: “This is probably the single most important market to open in the last decade for sure, maybe the last two decades.”

Jones Blackhurst shot into prominence when she became Las Vegas’ first female mayor in 1991. She joined Caesars after serving two terms as mayor.

Source: Latest News on European Gaming Media Network

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