Inside Asian Gaming (IAG)’s Post

Casino Update Christopher McClain Casino Executive "When you open up a new property or an expansion, there are a lot of details you might not initially consider. If you have the opportunity to be part of a casino or resort opening, seize it to learn that aspect of the business. Finding people with experience can really help navigate through these complexities." #casinoupdate #chrismcclain

Casino Update Chris McClain Casino Executive "When you open up a new property or an expansion, there are a lot of details you might not initially consider. If you have the opportunity to be part of a casino or resort opening, seize it to learn that aspect of the business. Finding people with experience can really help navigate through these complexities." #casinoupdate #chrismcclain

Our new case study on Harrah's Cherokee Casino Resort shows how we build confidence with our customers. Will Cuprak, Regional Casino Controller, started with BPS 1000s and then moved to BPS M5s in his count rooms at two large casinos. Later, he implemented G+D compact solutions in the cages because he knew Giesecke+Devrient was a reliable option. Read the whole story here: https://ow.ly/zkuZ50Q76wQ #cash #casinos #efficiency #casestudy

Casino Update: Antonio Perez Perez, GM of Rolling Hills Casino and Resort 'What are we capable of doing with everything we've added? We want to optimize everything we have done over the last three years... We're constantly looking for what technology makes sense and how we can apply it to make a difference... There's always going to be things that are going to change with the economy, but if you really dive into what's happening in revenue generation, we are starting to see trends more aligned with what has happened in the past.' #casinoupdate #antonioperez #rollinghillscasino"

In a notable rebound, Wynn Macau, the Macau-based casino operator and subsidiary of Wynn Resorts, has reported impressive financial results for the fourth quarter of 2023. According to a filing with the Hong Kong Stock Exchange, the company recorded total operating revenues of $910.6 million, an 11.1% increase from the previous quarter. This figure represents a 378.5% year-on-year surge, showcasing remarkable growth. The positive trend extended to adjusted earnings before interest, taxation, depreciation, amortization, and rent (EBITDAR), which amounted to just under $297.0 million, reflecting a robust 16.5% increase from the third quarter. This metric marked a notable improvement from the negative $59.1 million reported a year ago. Both Macau properties performed admirably, achieving triple-digit operating revenue growth. Wynn Palace saw this metric increase 364% year-on-year, reaching $524.4 million, while Wynn Macau recorded a 400% growth compared to the previous year. Casino revenues followed this trend, increasing by 506% and 524%, reaching $417.3 million and $320.6 million respectively. Read the full article ➡ https://lnkd.in/dKue_Kea #asia #gambling #gamblingnews #business #finance #casino

💡 “Find My Rate has really changed the way promotions and offers are sent to guests. The tribe is convinced that you have to send mail, which is fine. But you don’t always have to guarantee guests in advance a room every single weekend. You can't yield if you are already giving everybody a free room. Find My Rate was a big change in how to deliver free rooms and what to offer them and when. Now, our loyalty members just call or go online, and they can look at their availability and offers.” 👉 This is what Edmund Wong, Corporate Director of Revenue Management, Choctaw Casinos & Resorts, had to say about the power of Duetto’s Find My Rate when it comes to driving guest loyalty and optimizing rates. Read more in our latest blog: https://bit.ly/3TkbvED #OpenPricing #Casinos #HospitalitySolutions #RevenueOptimization

AUSTRALIAN VENUE CO PUB GROUP STEPS UP PUB PURCHASES The AFR reports that Australian Venue Co, the country’s second-largest hotel group, says it wants to buy some 20 pubs over the next year as its new private equity owner finalises its purchase. Read more at The Drop: https://lnkd.in/gqtE-XJh #thedrop #PubPurchases #AustralianVenueCo #HotelGroupExpansion #PubAcquisitions #HospitalityGrowth #PrivateEquity #VenueInvestments #HospitalityIndustry #AVCPubGroup #BusinessExpansion #NewOwnership #PubsInAustralia #AFRNews

Casino Update: Antonio Perez, GM of Rolling Hills Casino and Resort 'What are we capable of doing with everything we've added? We want to optimize everything we have done over the last three years... We're constantly looking for what technology makes sense and how we can apply it to make a difference... There's always going to be things that are going to change with the economy, but if you really dive into what's happening in revenue generation, we are starting to see trends more aligned with what has happened in the past.' #casinoupdate #antonioperez #rollinghillscasino"

💡 Discover how revenue leaders from Chumash Casino Resort and Choctaw Casinos & Resorts use Duetto’s Find My Rate tool to optimize casino revenue and loyalty. 👉 Read our blog on how casino resorts use Open Pricing to learn more. https://bit.ly/48nVKkR #casinoresorts #revenuemanagement #loyalty #openpricing

As we reflect on the first six months of 2024, what do we see for the second half of the year. We saw the shuttering of two strip resorts in Vegas. We are witnessing the struggles of other mega resorts along the strip. We await with baited breath for the downstate New York casinos to be chosen. Some tribal casinos are thriving while others are floundering, who will survive. These are some of the many things to view in the crystal ball, what are YOUR predictions?