the tribal casino giant, and Royal Caribbean Group, a leading cruise operator, have unveiled a comprehensive agreement last week. The agreement is set to revolutionize the travel and leisure loyalty programmes of both companies.

The partnership will allow members of Unity by Hard Rock, Celebrity Cruises’ Blue Chip Club, and Royal Caribbean’s Club Royale platforms to earn points not only by betting but also through dining, shopping, and traveling at any or while traveling on Royal Caribbean and Celebrity ships.

The collaboration is expected to bring a host of benefits to Unity by Hard Rock loyalty members. They will now be eligible for discounts on Royal Caribbean and Celebrity vacations and can qualify for exclusive, invite-only cruise giveaways. Moreover, top-tier loyalty members will be gifted an annual complimentary cruise on select ships and itineraries.

Both Hard Rock and Royal Caribbean are based in Florida and are among the largest private sector employers in South Florida. Hard Rock is the gaming unit of Florida’s Seminole Tribe, while Royal Caribbean is one of the world’s largest cruise operators.

The partnership is seen as a strategic move by Royal Caribbean to expand its gaming reach. The company, which operates under five brands, has long featured casinos on many of its ships and has been progressively enhancing this amenity. In February, the Sun Princess, a $1 billion ship operated by Royal Caribbean’s Princess unit, set sail with the largest casino ever seen on a cruise ship.

However, Royal Caribbean has faced criticism from some customers who complained about the company running multiple gaming loyalty programs across its various brands. This meant that points earned on a Celebrity ship were not combined with what travellers earned on Princess or Royal Caribbean boats. The new arrangement with Hard Rock is expected to address these concerns by providing customers with another avenue for accruing points.

Club Royale and Blue Chip Club members can now look forward to making their Hard Rock visits even more memorable with exclusive discounts and perks at participating Hard Rock locations. Premium tier Club Royale and Blue Chip members will also be entitled to annual complimentary trips at select Hard Rock hotels and casinos worldwide.

Unity by Hard Rock, which debuted earlier this year, replaced the gaming company’s previously used rewards program known as Wild Card. The new program features four tiers — Star, Legend, Icon, and X – and links all of the operator’s North American gaming venues, including the Hard Rock Casino Punta Cana in the Dominican Republic. Points and tier credits can also be accrued via online wagering on Hard Rock platforms.

Seminole Gaming operates six gaming venues for the Tribe of the same name, but the Hard Rock brand is applied to significantly more casino hotels, including regional properties in Canada, the US Midwest, and the South as well as the Atlantic City Boardwalk in New Jersey. Several Tribal casinos in California sport the Hard Rock name and are managed by Seminole. The Tribe also operates the Mirage on the Las Vegas Strip and is vying for a casino license in Queens, NY.

 The Philippine Amusement and Gaming Corporation () has reported a significant surge in its first-quarter income for 2024, reaching a staggering PHP25.24 billion (€408.5 million), marking a remarkable 42.57 percent increase compared to the same period last year.  

In a press release, PAGCOR Chairman and CEO Alejandro Tengco  satisfaction with the firms' performance.   

"We are happy to announce that PAGCOR is able to sustain our growth trajectory in the first quarter of 2024, and this should help position us into achieving another record-breaking year," he said.  

Net operating income after expenses during the quarter stood at PHP18.99 billion (€307.3 million), reflecting a substantial 54.22 percent increase from the figures recorded in January-March 2023, which totalled PHP12.32 billion (€199.4 million).  

Gaming operations emerged as the primary revenue driver for PAGCOR in the first quarter, generating PHP22.29 billion (€360.8 million). Within this segment, the e-Games sector, comprising eBingo, eGames, and Bingo grantees, contributed PHP9.69 billion (€156.8 million), while licensed casinos, including integrated resorts, brought in PHP8.04 billion (€130.1 million).  

“The e-games sector will be our major source of gaming revenues this year and in the next few years as innovation and technological integration allow the sector to offer more excitement and convenience to gamers,” Tengco said.  

However, revenues from PAGCOR-run casinos under the Casino Filipino brand experienced a decline, contributing PHP3.7 billion (€59.9 million), down from their share in 2023.  

Offshore gaming operations also made a notable contribution to PAGCOR's earnings, accounting for PHP860.89 million (€13.9 million) or 3.86% of the total gaming income for the first quarter of 2024.  

Tengco also emphasized the positive impact of PAGCOR's robust earnings on various socio-civic programs, including funding for the Universal Healthcare Program, which provides health insurance to millions of underprivileged Filipinos through Philhealth.  

Out of the nearly PHP19 billion (€307.5 million) net income in the first quarter of 2024, PHP15.56 billion (€251.8 million) will be allocated towards Contributions to Nation-Building. This encompasses various initiatives such as the 5 percent franchise tax, government shares, funding for local government units (LGUs) hosting PAGCOR casinos, socio-civic projects, and support for sports development.  

's latest earnings surpassed its previous record set in 2019 before the pandemic outbreak, indicating a robust recovery and growth trajectory for the corporation. In the first quarter of 2019, total income stood at PHP19.49 billion (€315.4 million), a figure comfortably surpassed by the first quarter of 2024 by nearly 30 percent.  

Upcoming SiGMA event: SiGMA Asia 2024, 2 – 5 June. Find all the details .

Boyd Gaming Corporation’s Q1 2024 report reveals a slight dip in overall revenue, with a 0.4 percent decrease from Q1 2023, amounting to $960.5 nillion. This decline is attributed to a 4.5 However, the company’s online segment showed a promising 19 percent growth, bringing in $146.2 nillion and partially offsetting the land-based losses.

The company cites severe weather conditions in the South and Midwest, coupled with heightened competition in the Las Vegas locals market, as contributing factors to the land-based revenue decline. EBITDAR (Earnings Before Interest, Taxes, Depreciation, Amortization, and Restructuring or Rent Costs) also saw a 10 percent year-on-year decrease, falling to $330.5 million in Q1 2024. Furthermore, net income experienced a significant 31.7 percent drop, settling at $136.4 million.

He credits the company’s disciplined operating and marketing strategies for maintaining strong operating margins. Smith also highlights the company’s robust cash flows and balance sheet, which enable ongoing capital returns to shareholders through share repurchases and quarterly dividend programs.

Boyd Gaming has established a significant presence in the US online gaming market through a strategic partnership with FanDuel, the leading US sportsbook by market share. The company holds a 5 percent equity stake in the platform and expects the online segment to generate $60-65 million in EBITDAR for the year.

Boyd’s Interactive business, a subsidiary offering both B2B and B2C iGaming services, strengthened its capabilities in 2022 following the $170 million acquisition of Pala Interactive from the Pala Band of Mission Indians.

Analysts at JMP Securities noted negative trends across several areas of the Las Vegas market in Q2, including a decline in downtown visitation and spending in the locals market. While they anticipate that tough comparables will ease in mid-2024, they also acknowledge that competitive pressure is impacting results.

Despite these challenges, the company remains committed to investment, with CFO Josh Hirsberg emphasizing a disciplined approach to M&A. Hirsberg also reaffirmed the company’s commitment to business investment as a prudent use of capital.

JMP highlighted that Boyd’s growth budget doubled to $200 million in 2024, which could potentially spur growth in 2025. This follows three consecutive years of EBITDAR declines. Despite these challenges, JMP reiterated its Market Perform rating for the stock following the Q1 2024 results.

As of the report, Boyd Gaming Corporation (BYD) is trading at $53.18, marking a 15.44 percent decrease.

Aristocrat Leisure Limited, early on Friday morning, announced the successful completion of its acquisition of NeoGames S.A., a gaming platform provider based in Luxembourg. This was made possible after all closing conditions and requirements were met.

The acquisition, which was “overwhelmingly supported” by NeoGames shareholders during a meeting, has allowed Aristocrat to broaden its Real Money Gaming (RMG) offerings.materially advances Aristocrat’s ‘build and buy’ strategy,” enabling the group to compete in attractive online RMG verticals globally.

Furthermore, the acquisition will allow , customer relationships, and expanding capabilities across an even broader range of channels and geographies. This will add to the group’s resilience and accelerate future growth.

Aristocrat also announced that it would merge its existing Anaxi segment with NeoGames to form a new integrated global business, which will operate under the name Aristocrat Interactive.

Moti Malul, the CEO of NeoGames, has been appointed as the CEO of Aristocrat Interactive and will join Aristocrat’s executive leadership team, reporting to Aristocrat CEO Trevor Croker.

Croker expressed his excitement about welcoming NeoGames to Aristocrat, stating, “The acquisition of NeoGames and its leading global online RMG platform adds to our increasing organic capabilities and will ensure that we deliver on our strategy by providing a portfolio of end-to-end solutions for iGaming, iLottery, and OSB operators globally.”

He further added, “With our ambition to be the leading gaming platform for the regulated online RMG industry, the addition of NeoGames to our team advances our strategy to build global scale and capability.”

Aristocrat Leisure Limited’s acquisition of NeoGames marks a significant shift in the gaming industry. This strategic move expands Aristocrat’s online Real Money Gaming (RMG) reach, diversifies its revenue streams away from traditional land-based operations, and offers enhanced gaming experiences. The addition of NeoGames bolsters Aristocrat’s global scale and capability in the regulated online RMG industry. The integration of Anaxi and NeoGames under the new Aristocrat Interactive banner signifies a unified global business, ready to make waves in the industry.

Both Malaysian Prime Minister Anwar Ibrahim and Johor state Menteri Besar Datuk Onn Hafiz Ghazi have categorically denied reports suggesting the establishment of a casino in Forest City, refuting the claims made by a Bloomberg report.  

In a recent statement, Ibrahim rejected the idea, emphasizing that there are no plans for a casino licence in the area. 

Responding to inquiries regarding Malaysia's alleged consideration of a second casino licence for the Forest City development, Anwar stated that discussions with prominent figures such as Vincent Tan and Lim Kok Thay did not involve the topic of a casino licence. 

Meanwhile, Onn Hafiz declared that no casinos will be permitted to open or operate within the state. Onn Hafiz emphasized that the Johor government has never entertained discussions or proposals regarding the establishment of casinos. 

Speculation has arisen regarding the potential economic impact of introducing a casino to the $100 billion (€93.1 billion) Forest City project. While some believe it could inject new life into the development, others highlight Malaysia's strict regulatory framework concerning gambling as a significant hurdle. 

Amidst 's predominantly Muslim population and cultural aversion to gambling, the prospect of concrete agreements regarding a casino licence remains uncertain. Furthermore, the renewal of casino licences every three months, overseen by the finance minister—a position currently held by Anwar—adds another layer of complexity to the situation. 

Since its establishment in 1969, Genting has monopolized Malaysia's casino industry, operating the only casino in Genting Highlands. With ventures extending to the United States, the United Kingdom, and Singapore, the company holds significant influence in the global gambling market. 

The Forest City development, overseen by developer Country Garden, involves a joint venture in which Malaysia's King holds over 20 percent stake. This royal involvement adds a unique dimension to discussions surrounding the potential introduction of a casino to the project. 

Upcoming SiGMA event: SiGMA Asia 2024, 3 – 5 June. Find all the details .

 In his keynote at the BIS Americas 2024 Summit, Alexandre Tomic, founder of Alea, discussed the complexity and risks in game supplier integration and offered words of advice and strategies for success. With over two decades of experience in the field, Tomic shared valuable perspectives on the evolution of game aggregation and the challenges that operators face in today's landscape.

Tomic highlighted the transformative shift from the era of downloadable casinos to the current scenario where numerous software providers offer a vast array of games. He emphasized the significance of efficient integration strategies, shedding light on the risks associated with relying solely on external aggregators.

"To be honest, when I started in 2012 with Slots Million, we integrated two software providers. It was NetEnt and BetSoft. Okay, and then we came with other ones slowly. Would I have used an aggregator back in time? Definitely not. Why? They were eating latency..."

A key takeaway from Tomic's address was the critical role of Application Programming Interfaces (APIs) in ensuring secure and seamless operations. He stressed the necessity for operators to develop their APIs, asserting that this empowers them to maintain control over their platforms' functionality and security. By elucidating the importance of API governance akin to the banking industry's standards, Tomic underscored the paramount need for robust technological infrastructures in the realm of online gaming.

"If I'm here to give you some advice, is to tell you, as operators, develop your own API, give it to the software providers, and force them to integrate your API. That's the most important thing..."

Tomic's recommendations encompassed a dual approach, advising operators to cultivate their APIs for enhanced control and security, while urging software providers to prioritize API development to align with industry standards. By fostering a collaborative ecosystem where both parties uphold stringent API protocols, the industry can mitigate risks associated with potential vulnerabilities and ensure a more resilient operational framework.

Tomic's keynote speech at the BIS SiGMA Americas Summit not only provided a comprehensive overview of the challenges inherent in game supplier integration but also offered pragmatic solutions and forward-looking strategies for stakeholders in the online gaming sector to navigate this intricate landscape successfully.

Galaxy for luxury accommodations, is set to launch a new 5-star hotel, the Capella Hotel, in mid-2025. It is being described as 'a serene oasis in the centre of a bustling city". This addition will further solidify Galaxy, already housing eight renowned hotels, including the Banyan Tree and the Ritz-Carlton.

The upcoming Capella Hotel, officially named Capella at Galaxy Macau, will be a 17-floor architectural marvel showcasing Galaxy’s signature gold exterior. The hotel is designed by the renowned French company Moinard Bētaille, known for their innovative and luxurious designs. The design draws inspiration from tropical greenery and water, aiming to create a serene atmosphere that offers a tranquil retreat from the bustling city.

The hotel will feature 36 “sky villas” and 57 suites, each promising ultimate comfort and relaxation. The sky villas will each feature an outdoor lounge, infinity pool, karaoke room, personal cocktail bar, and pantry. The suites, on the other hand, will provide opulence with private pools and balconies offering breathtaking city views.

Francis Lui, Vice Chairman of Galaxy Entertainment Group, expressed his excitement about the collaboration with Capella Hotel and Resorts. He aims to deliver unparalleled luxury in 21st-century hospitality, setting a new standard for luxury accommodations.

The hotel will also feature a high-end restaurant by renowned Michelin-starred chef Vicky Cheng. Cheng is known for his innovative French-meets-Chinese cuisine, and his debut at the Capella Hotel is highly anticipated.

In addition to the restaurant, guests can enjoy a whiskey bar by Moinard Bētaille and an exclusive members-only lounge named Pony & Plume, designed by Hong Kong’s Albert Kwan. These amenities further enhance the luxurious experience offered by the Capella Hotel.

The launch of the Capella Hotel marks a significant milestone for Galaxy Macau. It not only expands their portfolio of luxury accommodations but also redefines the standards of luxury and comfort in the hospitality industry. With its serene atmosphere, luxurious amenities, and world-class dining, the Capella Hotel is set to become a premier destination for discerning travellers.

After nearly three years of rigorous remediation, by the NSW Independent Casino Commission (NICC). The Chief Commissioner, Philip Crawford, acknowledged Crown’s significant progress and emphasized the need for its sustained commitment to maintaining suitability.

Crown Sydney has undergone a fundamental transformation in its business operations. The NICC’s assessment confirmed that the casino is operating within the parameters of the Act, the suitability deed, and its regulatory obligations. This marks a significant milestone in Crown’s journey, demonstrating its ability to run the casino lawfully.

Beyond legal compliance, Crown has made meaningful strides in other areas of its business. It has fostered a culture of transparency and accountability across its integrated resort, a crucial step in its remediation process.

Despite these positive changes, the NICC remains mindful of the misconduct exposed in 2021 when Crown was deemed unsuitable. Crawford stressed that to do to reach a steady state. The casino must continue to elevate its standards and sustain its cultural transformation.

The NICC itself has evolved as a regulator, now possessing enhanced powers, a singular focus on casinos, and a mandate to mitigate harm. This decision is a testament to Crown’s transformation and a positive outcome for its staff, the community, and Crown Sydney itself.

Crown Sydney has implemented hundreds of new internal controls as part of its reforms, reflecting the Bergin-based recommendations. These reforms have culminated in a new licence and a new regulatory agreement between Crown Sydney, the NSW Government, and the NICC.

The updated agreements include revised settings, such as the removal of restrictions on the NICC’s powers and the elimination of previous compensation trigger clauses from the casino legislation.

Crawford reminded Crown of the responsibility and privilege that accompany a casino licence. Crown Sydney’s future as a destination hospitality and entertainment venue, underpinned by the restricted gaming facility, hinges on its unwavering commitment to continuing suitability, accountability, and compliance.

The joint venture entity overseeing the development of Japan's inaugural integrated resort (IR) in Osaka, known as , has successfully secured a substantial loan agreement with a consortium of banks. The €3.1 billion loan agreement represents a significant step forward for the ambitious project. 

Osaka IR Corporation, a partnership between US-based casino giant MGM Resorts International and local partner ORIX Corporation, will collaborate with MUFG Bank Ltd and Mitsui Banking Corporation on what has been hailed as Japan's largest co-financing arrangement by a group of banks. Additionally, two companies associated with Hankyu Hanshin Holdings have also committed to investment in the project. 

Under an implementation agreement sanctioned by Japan's central government, the initial investment in the Osaka IR is projected to reach around JPY1.27 trillion (€7.62 billion). The resort's anticipated is slated for 2030, marking a transformative milestone for Japan's gaming and hospitality industry. 

Preparatory land works on the Yumeshima Island site commenced in December, with measures to prevent liquefaction and strengthen the foundation underway. These efforts, costing JPY25.5 billion (€161 million), are expected to continue throughout the upcoming Osaka Expo in 2025, with completion scheduled by April 2027. 

MGM's commitment extends beyond the integrated resort project, with the company sponsoring the United States Pavilion at the 2025 World Expo in Osaka. Groundbreaking ceremonies for the pavilion were recently held, showcasing MGM's dedication to fostering international partnerships and cultural exchange. 

Upon completion in 2030, MGM's Osaka integrated resort is poised to become a premier destination, featuring Japan's sole legal casino, 2,500 hotel rooms spanning three renowned brands, 730,000 square feet of MICE (Meetings, Incentives, Conferences, and Exhibitions) space, and tourism facilities showcasing the vibrant culture and attractions of Osaka and Japan at large. 

Upcoming SiGMA event: SiGMA Asia 2024, 3 – 5 June. Find all the details .

is currently engaged in discussions with Berjaya and Genting Group regarding the possibility of establishing a casino in Forest City, located in Johor, a state located south of the country and known for beaches and rainforest.  

Forest City, often referred to as the nation's 'ghost city,' was initially unveiled in 2006 as part of a 20-year development project funded by a consortium of primarily mainland Chinese real estate developers. 

The massive $100 billion (€93.5 billion) property project, which also involves the nation's monarch as a shareholder, has garnered attention from Malaysian Prime Minister Anwar Ibrahim. A recent Bloomberg report said that Prime Minister Anwar Ibrahim held preliminary discussions with Vincent Tan, the founder of Berjaya Corp, and Lim Kok Thay from Genting Group regarding the proposed casino venture. 

Despite the discussions, uncertainties loom over the potential project due to 's predominantly Muslim population and cultural aversion to gambling. The Muslim-majority nation's stance on gambling presents a significant hurdle to the establishment of a casino, raising questions about the feasibility of the proposed venture. 

Notably, the country's King holds a substantial stake of over 20 percent in the Forest City joint venture, which is overseen by developer Country Garden. Additionally, King Ibrahim has interests in Berjaya Assets Bhd, while his daughter serves as the Chair of Berjaya Corp. King Ibrahim recently ascended to the throne in January, adding complexity to the political landscape surrounding potential developments in Forest City. 

If the discussions lead to concrete agreements, the establishment of a casino in Forest City would mark Malaysia's second-ever casino licence. However, the project's realization hinges on navigating cultural sensitivities, regulatory considerations, and political dynamics within the Southeast Asian country. 

Upcoming SiGMA event: SiGMA Asia 2024, 3 – 5 June. Find all the details .