Asia round-up Macau Melco and Hoiana Gambling Insider s top stories this week
Our biggest Asia-based stories of the week are detailed below, with the top story coming from Macau
Our biggest Asia-based stories of the week are elaborated below, with the top out story coming from Macau...
Macau’s overall Feb revenue upward 6% to HK$7.76bn
Macau's February 2022 gross gaming revenue was upwardly 6% from the same geological period cobbler's last year.
Casino revenue totalled HK$7.76bn ($992m), a 22% increase on January, inward which takings reached a meagerly HK$6.34bn.
Despite this substantial betterment on the previous month, accumulated revenue allay sits at a variance of -8% from the same stop inwards 2021. This is a vast melioration on January's year-on-year variance, though, which slumped to -20.9% from the same full point inward January 2021.
Macau gives operators six-month licence extension
Macau cassino companies testament escort their licences extended through and through to 31 Dec 2022, buying to a greater extent clip for the city’s rebidding process.
The city’s sixer current concessions and sub-concessions, which are localize to expire on 26 June, will at present follow valid for a farther sextuplet months, according to Economy and Finance Secretary Lei Wai Nong.
Studio City’s results mark upturn inward profits for Republic of the Philippines industry
Studio City International Holdings has reported its unaudited financial results for the quaternary canton of 2021, with add operating revenue reaching $28.4m.
This is an step-up of $4.7m from the same point lastly year. Studio City cites the exchange is due to greater takings from the supply of gaming-related services, partially offset by get down non-gaming revenue.
Melco’s results high spot struggles faced by Asian land-based gaming operators
Melco Resorts & Entertainment has reported its unaudited financial results for Q4 and the total twelvemonth ended December 31.
Total operating revenue was mastered 9% year-on-year, with $480.6m taken at the terminal of 2021, push down $47.4m on 2020.
Jit Hg proclaimed as CMO for Hoiana Integrated Resort
Jit Hg has been prescribed as the new Chief Marketing Officer (CMO) at Hoiana Integrated Resort.
A former head word of resort marketing, Hg brings with him receive in hospitality, retail, cassino and digital marketing leadership. Hoiana trusts these skills are highly adaptable, believing Hg testament carry-over seamlessly to his attitude as CMO.
Hoiana claims Hg testament broaden the company’s maturation inward unexampled markets, and motor preference inward extremely free-enterprise(a) market place spaces with his 25-year receive leading teams and cultivating data-driven insights for brand growth.