Turning Stone Enterprises’ Post

Melco Resorts & Entertainment is likely to return to its pre-pandemic levels in terms of deleveraging in the next 12 to 24 months amid an EBITDA recovery powered by a mass gaming market, S&P Global Ratings has predicted.

These projects range in projected project sizes from $2 billion to over $5 billion, which might extend deleveraging or provide the winning bidder more power. Read more here: https://lnkd.in/gg_Un2DT #world #casinoindustry #hotels #industryupdates #asia #operate #licenses #newyork #projects #gaming #trending

Exciting changes in Las Vegas! 🌟 The Cosmopolitan is transitioning to MGM Rewards, offering enhanced benefits and experiences for guests. Dive into my latest article to learn about what this means for visitors and the gaming industry. Read more here: The Cosmopolitan Las Vegas Transitions to MGM Rewards #LasVegas #MGMRewards #Hospitality #IndustryNews

“Amusement Casino” in Japan If you take a stroll around downtown Osaka, you may notice what look like small scale casinos scattered around the city. With images of poker chips, roulette wheels and various other table games covering the windows and on signs, it looks like gambling is going on inside. But while the regulatory landscape is slowly shifting in Japan with the introduction of IR casino slated for later this decade, most gambling including casinos is still illegal. Amusement casino are a peculiar middle ground – occupying a space between game centers, ubiquitous entertainment halls like pachinko/pachislot, and traditional casino. Players pay an entrance fee that goes towards playing chips and sometimes food and drink. Table games are offered, tournaments are held and the lucky players that win can in many cases save their chips to use for play on another day, or in some case exchange for food/drink. While many Amusement casino offer a variety of games similar to what could be found in regular casino, poker is becoming a popular game of choice. Poker tournament tours are becoming more common events domestically, and some amusement casinos offer players the chance to win entry into these events. There are now hundreds of these venues across the country, and it is interesting that the proliferation really started to kick off in the wake of the introduction of the IR Casino bill in 2018. Finding unique ways to enjoy games of chance has always been out of necessity for the Japanese, and it will be interesting to see how these entrepreneurial ventures evolve and change the landscape of entertainment in Japan. #GamingJapan #SamuraiStudio #NatsumeAtari

Gaming companies aiming to attract gaming customers must focus more on non-gaming elements to drive gaming revenue. The study concludes that in the coming years, those companies that excel in non-gaming aspects will gain more gaming revenue, whereas those lacking in non-gaming attractions will face greater challenges in maintaining their gaming revenue.

Great insight

Macau recovery stalls……what next? A selection of June (Q2) 2024 data points are yet to be released by MGTO but initial observation suggests Macau’s gaming and tourism recovery hit a number of headwinds during Q2. Announcements made at the back end of Q1 pertaining to market growth via additional mainland cities open to Macau independent visa scheme (IVS), increased market access via additional ferry services, flights into Macau and added bridge connectivity didn’t realise visitation and revenue growth as expected. It appears Q2 Macau visitation declined on Q4 2023 and Q1 2024. Mass gaming revenues continue to exceed 2019, which is great for margin, but the lack of QoQ revenue growth was somewhat disappointing, matched with a decline in VIP revenues. Mass Gaming Floor competitiveness involving player (rewards club member benefits) refreshments/grasing was a refreshing change for the mass gamer and the overall market, led by MGM and sought to be matched by all others. This stimulus created a lot of social noise and interest for Macau, but the initiative was deemed as unnecessary and was nullified by Government. Competitiveness raises (rewards club) quality and member services across the board, including product and service innovation. An important factor in Macau becoming and maintaining a position as the preferred (premium) destination with all gaming and leisure customers in Asia…..therefore increasing overall visitation, length of stay and spend. Only seven percent (7%) of Macau visitation are ‘foreigners’, which suggests current marketing efforts may not be cutting through or the campaign is simply not compelling. A decline in overall visitation suggests there’s also an immediate need to redefine Macau’s go-to-market efforts in its core market Mainland China. IR Operators continue to battle for more than its fair share of a relatively small number Premium Gamers. With premium gamers having relationships with more than one IR brand (IR operator) any share gains and losses are cyclical. Player reinvestment also increases to suit when growth in player visitation stalls. MGM broke the mold by innovating the MGF experience so who will be next developing and launching break out products, services and marketing by value segment? Doing much of the same and expecting a different outcome isn’t good enough in the present competitive environment. Be innovative and bold! #casino #casinoindustry #iagasia #macao #macau #casinomarketing #integratedresorts #morganstanley #asiagamingbrief #clsa #macaubusiness #asiagaming #sandschina #galaxymacau #wynnresorts #mgmmacau #melcoresorts #macaonews