In Quang Ninh province
(Vietnam).- Vienna-headquartered Casinos Austria, one of the largest casino operators in the world, has joined the list of foreign firms eager to invest in an integrated casino resort in Quang Ninh province, which may become the first in the country to allow Vietnamese nationals to gamble.
Jump in sales attributed to new lottery products
(China).- Chinese lottery statistics released this week by the Ministry of Finance again illustrate the staggering potential of the Chinese gambling market, reporting sales that reached USD 41.29 billion in the first 10 months of 2013, up 19.2 percent year on year. The news agency Xinhua reports that during this period, welfare lottery sales reached 17.7 billion, an increase of 16.6 percent year on year, and sports lottery sales rose 22.9 percent year on year to us$ 13.3 billion.
Strategic cooperation in Russia, Kazakhstan and beyond
(Russia).- Wezzet officially announced the signing of an agreement with Inspired Gaming Group. Under this, Inspired’s Virtual Sports games will appear in conjunction with the Wezzet self-service terminals in betting shops across Russia, Kazakhstan and other countries of the Commenwealth of Independant States (CIS, ie the former Soviet Union).
A 13.9 percent increase
(Macau).- Macau’s 98 hotels and guesthouses welcomed 7.99 million guests in the first nine months of this year, an increase of 13.9 percent year-on-year, the Statistics and Census Bureau (DSEC) said last Thursday.
Growth for 2014 expected to be up 25 percent
(Macau).- The Macau government expects revenue of us$ 14.4 billion from the special gaming tax next year, according to its proposed budget for 2014. The sum is 25 percent more than budgeted for this year.
Japan has long been touted as an attractive gaming market
(Japan / Taiwan).- Galaxy Entertainment Group, the Macau casino operator that made Lui Che-woo Asia’s third-richest man, said it will consider investing more than us$ 5 billion in Japan and Taiwan casinos, if the governments open the markets.
Gambling legislation is expected to go before parliament in December
(Sri Lanka).- Just days after receiving approval to build a us$ 1.5 billion luxury hotel and casino at Sydney Harbour development Barangaroo, James Packer is making his most public pitch yet to build a us$ 400 million casino resort in Sri Lanka. He said a luxury casino resort is a necessity if Sri Lanka is to achieve its potential to become ‘‘a leading tourist mecca for the rising middle class of India, China and the rest of Asia.’’
November 14-16, at the Venetian Macao
(Macau).- The Macao Gaming Show begins today at the Venetian Macao and runs until Saturday. It is Macau’s first big home-grown gaming business show. The organisers, the Macau Gaming Equipment Manufacturers Association, say its strength lies in its coverage of the whole gaming industry and its focus on Asian markets.
(Macau).- Improving the quality of Macau’s human resources is the main priority for the government in 2014, Chief Executive Fernando Chui Sai On announced this afternoon. Mr Chui delivered his Policy Address for next year at the Legislative Assembly.
As mainlanders spent more in its two main casinos
(Macau).- Galaxy Entertainment Group says its third- quarter earnings rose by 24 percent as mainlanders spent more in its two main casinos. The casino operator told the Hong Kong Stock Exchange that its third-quarter adjusted earnings before interest, tax, depreciation and amortisation had increased to us$ 413 million from a year earlier.