Asia round-up Macau GGR down 68 PAGCOR shocked APT acquisition

May: Macau gross revenue down 68% year-on-year despite monthly gains Gross gaming revenue for Macau reached MOP3

May: Macau revenue revenue shoot down 68% year-on-year despite monthly gains

Gross gaming revenue for Macau reached MOP3.3bn ($413.4m) for the month of May, a 25% hike from the previous month.

Although this may looking same dark-green shoots of life-time emitting from Asia's gambling casino capital, revenue was noneffervescent push down 68% from the same month in conclusion year.

April 2022 was the worst month for gaming revenue since Sept 2020, with Macau posting revenues of simply MOP2.6bn.

The five-month rolling medium from the commence of 2022 noneffervescent has Macau knock down 44% year-on-year, despite this recent upturn.

What’s more, May played boniface to a five-day Labour Clarence Day holiday, boosting gaming revenue in the myopic term. However, visitation for this typically fussy stop was down feather 18% with 136,647 visitors reported.

Although some move bans have been eased 'tween Macau and Kwangtung province as Covid cases ease, the computer virus is allay existence imported from other major jurisdictions, including Shanghai and Beijing.

This is hurting Macau’s VI concessionaires, who are facing day-by-day revenue losses as liquidity continues to wry up.

Recently, it was revealed unemployment rates inward Macau had risen past almost 5%, as the region’s flagship industry continues to live hamstrung by measures taken by the Chinese Government.

Associate Professor at the University of Macau, John Glenn McCartney, said: "We are the most reliant city inwards the mankind on tourism. Of course, we didn't experience any other industries to come backward on.

President of the Philippine Amusement and Gaming Corp (PAGCOR), Alfredo Lim, announced he was “shocked to say in that respect was violence and intimidation” reported at the Okada Manila

"Given that we didn't branch out for 20 years. It isn't going to hap tomorrow. There's no more warm fix."

PAGCOR President “shocked” by alleged wild takeover at Okada Manila

President of the Philippine Amusement and Gaming Corp (PAGCOR) Alfredo Lim has said he was “shocked to register in that location was violence and intimidation” reported at the Okada Manila.

As reported by Gambling Insider, an incident supposedly took come out on 31 May 2022 betwixt the posing managers of Okada Manila and its father and CEO, Kazuo Okada.

The chemical group led by Okada claimed to at one time once more live inward curb of the casino, after beingness removed from the Tiger Resort, Leisure & Entertainment (TRLEI) in 2017, followers accusations he misappropriated $3m of manipulator funds.

Okada had, though, since been acquitted past the Philippines’ Court of Appeals and lawfully reinstated as the Director and CEO of Okada Manila.

This was, seemingly, relieve pending an Urgent Motion for Reconsideration from TRLEI’s posing management which opposed Okada’s legal victory, until a group associated with Okada allegedly stormed the gambling casino by force.

Following these allegations and a slew of picture evidence reported to Philippine television – detailing skirmishes and raised voices alfresco Okada capital of the Philippines – PAGCOR has announced it testament inquire the incident before taking capture action.

And TRLEI officials, who title to get been forced out of the casino, hold proclaimed their immediate intention to data file outlaw charges.

With all this inward mind, the immediate futurity of Okada capital of the Philippines looks far from certain.

APT Events purchases Asian Poker Tour from Asianlogic Group

“For some clip now, we experience been looking for to passing APT to a dedicated and focused fire hook organisation that is subject of taking the circuit to the next level” Jeff Mann, CEO, Asiatic Poker Tour

Asianlogic Group has announced the cut-rate sale of Asiatic Poker Tour (APT) to freshly formed company APT Events Private Limited.

Founded in 2008, APT is a known firebrand inwards Asia’s iGaming market, with the next tourney expected to accept station inward mid-June 2022 at the Grand Vista Hotel in Hanoi, Vietnam.

The tour’s current CEO, Jeff Mann, has announced his intention to remain at Asianlogic and testament thence tread shoot down from his role.

He said: “For some clip now, we get been looking to laissez passer APT to a dedicated and focused fire hook organisation that is capable of taking the tour to the next level.

“With such a long and rich tradition, it was of the level best grandness that any partnership or cut-rate sale would only tour to an organisation with the same passionateness and dedication to carry on underdeveloped the Asian Poker Tour as we always envisioned.”

The tour’s new owner, APT Events, hopes to make APT to “new heights.”

PointsBet shakes upward Global Leadership Team

Australian operator PointsBet Holdings has proclaimed the transition of its President Manjit Gombra Singh to a Non-Executive Director as of 1 June 2022.

Singh, the former Chief Technology Officer and Executive Vice President of Aristocrat, became President inward July 2019. He transitions roles after almost trey years.

Replacing Singh is Jerry Bowskill, who will conjoin PointsBet as Group Chief Technology Officer on 18 July 2022.

Bowskill is a former Chief Technology Officer at both The Star Group and Scientific Games, holding similar senior roles at Playtech, Gaming Technologies Solutions and Partis Solutions.

Elsewhere, St. Andrew Catterall is expected to bring together PointsBet as Aboriginal Australian CEO on 4 July 2022. The former CEO of Racing.com has get in broadcasting, digital media, rights acquisition and audience development.

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