Casino

Vietnam’s finance ministry has agreed to speak to Vietnam’s political leadership, the Politburo, on a proposal to extend a pilot program for local gamblers at Covid resorts and casinos through the end of 2024, according to a Sunday report by local news outlet VietnamNet.

A local government representing the southern Vietnamese resort of Phu Quoc, where Covid resorts and casinos (pictured) are located, has asked for an extension until Jan. 7, 2025, the state news agency said earlier this month.

VietnamNet cited the previously mentioned reasons for its request for an extension in its update, as pandemic-related domestic and international tourism disruptions have made it difficult to judge the merits of the pilot program so far.

The scheme was suspended by the national government in 2017 but only became active in 2019. Corona Resort and Casino opened in January 2019. It marked the start of the pilot scheme.

According to VietNamnet, the extension of the pilot could also be applied to projects in Bandon in China’s northeastern province of Quang Ninh towards the border with China. However, the same news outlet indicated that the latter plan was not yet operational.

“According to the Guangin People’s Commission, the project received approval from the Politburo in 2013, but has still not received an agreement on investment due to several issues,” VietNamnet reported. The main sponsor of the Bandon scheme is reported to be the Sun Group.

The plan reported total initial investment capital of nearly 47.482 trillion VND (less than $2 billion at current exchange rates) and nearly 2,536 hectares (6,266 acres).

A report on Sunday said only projects certified as having more than $2 billion in investment capital can acquire gaming licenses under the guidelines.

BY: 메이저사이트

Osaka’s casino development plan got just under 66 percent of the available points – slightly above the necessary threshold – under a scoring examination coordinated by the Japan Tourism Agency and the country’s Ministry of Land, Infrastructure, Transport and Tourism.

Osaka’s proposal (pictured in an artist’s rendering) – featuring a consortium including MGM Resorts International and Orix Corp – got 657.9 points out of a possible 1,000, with 600 points being the threshold for acceptance, according to information from the Japan Tourism Agency collated by GGRAsia’s Japan correspondent.

MGM Resorts described the scheme as a “US$10 billion” project, in a press release welcoming the plan’s approval, as announced on Friday.

“It is an honour to be selected by the government of Japan to develop a tourism project of this scale,” said MGM Resorts chief executive and president, Bill Hornbuckle, as cited in the press release.

“We couldn’t be more excited to get started on the development of one of Japan’s first integrated resorts in the great City of Osaka, and we look forward to working with our partner Orix and Osaka prefecture and city to realise this long-held goal,” added Mr Hornbuckle.

Many further steps are required, aside from physical construction, if Osaka is to meet its ambition to open a resort in 2029, a number of industry commentators has told GGRAsia.

Osaka’s Integrated Resort (IR) District Development Plan was able to meet all 19 “requirement” criteria set by the national government for all such submissions by local authorities, which was a must.

Another set of measurements – known as the “evaluation” criteria – had 25 items, and was designed to rate the general excellence of a local government’s district plan for an IR, as tourism complexes with casinos are known.

The examination committee has seven people deemed experts in relevant fields, namely six university professors and one medical doctor said to have a specialisation in addiction-related issues. The overall score was based on the “evaluation” items. The final score was based on the average of the scores respectively assigned by the seven members of the committee.

The Osaka scheme is for a site at Yumeshima, an artificial island in Osaka Bay. MGM Resorts and its partners are now expected to finalise the details around the project – including the construction timeline and opening schedule – before signing a so-called implementation agreement with the local authorities.

The Japanese government confirmed on Friday the approval for Osaka’s IR District Development Plan. That plan, and another from Nagasaki, had been submitted to the national authorities at the end of April last year.

On Friday, Nagasaki prefecture confirmed to GGRAsia that its proposal – for a casino resort on land next to the Huis Ten Bosch theme park at Sasebo City, with partners including Casinos Austria International Japan Inc – was still being assessed by the Japanese government.

An investment of JPY438.3 billion (US$3.27 billion) had been mentioned in relation to Nagasaki’s proposal.

BY: 메이저 토토사이트

Macau’s Gaming Service Index survey of casino resort staff performance, first launched in 2013, registered a record high by the fourth quarter of 2023. But the 2023 ‘tolerance’ indicator of the index – relative to staff attitudes to customers – showed a downward trend from pre-Covid 19 years, according to a Tuesday announcement about the survey results.

The overall reading for the index in fourth-quarter 2023 was 145 points, compared to the 138 points recorded in the prior-year quarter. The second highest reading for the Macau gaming sector was in the second quarter of 2017, at 139 points.

The survey was coordinated by the Macau Gaming Research Association, in collaboration with SGS Hong Kong Ltd, described as an inspection, verification, testing and certification company. The review was conducted by so-called ‘mystery shoppers’ that made observations of various services on the city’s mass-gaming floors. The survey had been compiled over 12 months every year since its inception in 2013; but the annual compilation later covered only the fourth quarter since 2020.

The overall index is composed of three gauges: the ‘smiling’ sub-index, a measure indicating casino staff’s ‘friendliness’ towards customers; the ‘proactive’ sub-index, used to gauge how active casino staff are in approaching customers; and the ‘tolerance’ sub-index, which reflects casino staff’s level of patience when interacting with customers.

The ‘tolerance’ sub-index score was 103 in the fourth quarter of 2023, as compared to the base score of 100 in 2013. This latest index reading – though already improved from the scores of below 100 during the Covid-19 hit years running from 2020 to 2022 – still tracks much lower than sub-index readings of over 120 during 2018 to 2019, the archived survey results show.

Within the overall index, both the fourth-quarter 2023 ‘smiling’ sub-index and ‘proactiveness’ sub-index respectively reached record highs, at 171 and 172.

For the latest survey, the researchers gathered an aggregate of 864 casino employee sample responses, of which 58 percent came from table game dealers, i.e., about 504 of all the responses. The rest of the samples covered employees engaged in either: customer service – such as membership desk work, cloakrooms, shuttle bus services and toilet attendants – slot machine areas; security; or cashier roles.

Table game dealers had a record score of 2.51, from a range of zero to 3.5. Compared against the fourth quarter of 2022, table game dealers showed improvement in all the sub-indices: ‘smiling’; ‘proactiveness’; and ‘tolerance’ attitude towards patrons.

The overall service quality of customer service and slot machine area staff have also shown improvement, compared to the fourth quarter of 2022, the survey results indicate. But those employed in security departments had lower scores compared to the 2022 survey, with a decline in all gauges. Cashier staff also saw a decline in their overall gaming service index reading, dragged by a lower reading in their ‘tolerance’ sub-index.

The overall service index of the Cotai properties’ employees in the latest results, which stood at 154, was 10 points higher than the ones on the Macau peninsula.

According to the association, SGS collected the casino employee samples from Macau’s casino resorts in Cotai and on the Macau peninsula. The mass-market customer areas of 12 gaming properties were visited for the survey.

They were: City of Dreams and Studio City, run by Melco Resorts and Entertainment Ltd; Galaxy Macau and StarWorld Hotel, operated by Galaxy Entertainment Group Ltd; Grand Lisboa Palace and Grand Lisboa, run by SJM Holdings Ltd; MGM Macau and MGM Cotai, of MGM China Holdings Ltd; the Sands Macao and Venetian Macao, promoted by Sands China Ltd; and Wynn Macau and Wynn Palace, run by Wynn Macau Ltd.

BY: 토토사이트 추천

New York reports another slow week of online sports wagers for the seven-day period ending on August 13, 2023, confirming again that the summer is rather sluggish for its market. For the week, the New York State Gaming Commission published a total handle of U$223.75 million and gross gaming revenue of US$21.3 million. Both are a decrease from last week.

The Empire State saw the start of its mobile sports betting sector on January 8, 2022, which allows for nine private sportsbooks to accept and offer legal online bets on various sporting events. Currently, there are eight online due to Bally Bet going offline. The operator will use the downtime to revamp its platform and should be online soon.

Latest Numbers from the Online Sector

In its latest report, NYSGC revealed that for the week ending on August 13, 2023, the eight active operators took in approximately US$223.75 million in wagering volume. This was a drop of 29.5% from the previous week. Meanwhile, gross gaming revenue suffered a major 51% drop from the previous week to the US$21.3 million reported from the commission.

The drop off can be accounted for DraftKings’ performance as the operator went from having a weekly handle of US$161.4 million for the week of August 6, 2023, to just US$75.9 million and US$6.8 million in proceeds. In the meantime, its competitor, FanDuel generated weekly revenue of US$105 million from a total betting volume of US$87.4 million and a win rate of 12%.

For the week of August 13, 2023, operators reported a combined hold of 9.5%, an improvement over the 8.1% from the last week. Sportsbooks saw an increase of wagers by 13% over the same period in 2022, while revenue was quite similar. Also, Caesars Entertainment, which recently launched Caesars Racebook experienced an 8% drop in volume to US$2.4 million and revenue to US$2 million.

Next on the list, BetMGM reported similar results to the previous week, as it clocked a more oversized handle of US$19.5 million from the previous one of US$14.03 million. Still, its gross proceeds hit US$1.2 million. WynnBET recorded a hold of merely 3% from a handle of over US$1.9 million, while PointsBet got a 3.4%-win rate and a handle of US$3.58 million.

Regulator Provides a Verdict on Prop-Style Fantasy
At the start of August 2023, the gaming commission also gave its verdict on prop-style fantasy offerings. In a register update, the regulator denied a commenter’s request to change Daily Fantasy Sports rules to allow pick ’em-style player games. It argued that daily fantasy sports contests which are similar to prop bets are essentially sports betting.

A commenter opposed the suggested Rule 5602.1(a)(4), which would make explicit that contests should not be based on proposition betting that has the effect or is similar to proposition betting. NYSGC says a contest offering that is essentially sports betting, which is authorized for licensees and regulated pursuant to Racing Law Article 13 cannot properly be characterized as IFS since an operator labels it as such.

BY: 토토사이트

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