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JPMorgan Changes Macau 2023 Earnings Estimates [games]

Famous investment bank JP Morgan's change to Macau game operators' expected earnings for the first quarter of 2023 will largely end border restrictions in Macau, Hong Kong and mainland China from Jan. 8, influenced by last week's news.

This would mean the resumption of ferry services between Hong Kong and Macau, which would benefit the economies of both markets.

Pass without restriction:

Inside Asian Gaming reports that all visitors from the mainland, Hong Kong and Taiwan will be able to cross the border without the long-awaited negative coronavirus test. There will also be no obligation to declare health status and no isolation requirements will be required for foreigners.

Passenger carriers Turbojet and Cotai Waterjet continued their flights between Macau and Hong Kong on the 23rd, and will continue to operate 10 round trips a day over the next few weeks.

"The road to normalization is now ahead of what we/markets expected," said DS Kim, an analyst at JPMorgan, calling the change "gradually positive."

He also mentioned earlier expectations that the popular market GGR would recover, saying it would be 35% higher than in the first quarter of 2019, and that the Chinese Spring Festival holiday period was somewhat conservative if Hong Kong players were to return.

Kim expects March GGR levels to increase by more than 35% on positive EBITDA in Q1 and positive free cash flows in Q3, and more than 50% for the June quarter.

"I wouldn't be surprised if we had a full recovery (mass/non-game GGR going back to 2019 levels) on our current model, 2H23, much earlier than the mid-2024 model," he added

The increase is big news for Macau, as it marks the first time since 2004 that it has fallen 51.4% in 2021, the lowest in a single year. The results for 2022 were not so good either. Recorded GGR was only $42.2 billion, or $5.3 billion.

Results already shown:

The latest results, just one day after opening the border, show that the prediction was correct: 5,630 visitors crossed the border between Hong Kong and Macau in just one day. The total number of visitors was 39,606, 153.5% higher than the average daily number.

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MGM China Reports $666M Profit Decline [games]

MGM China, a Macau-based flagship developer and owner and operator of game resorts and lodging companies in the Greater China region, officially announced overnight that the group's overall profit fell by HK$6.85 billion ($490 million) in 2021, compared with a fall of HK$3.85 billion ($4.23 billion) in 2021.

Financial Results Report for FY22:

Official announcement of FY22 financial results also revealed a HK$1.27 billion decrease in 2022 adjusted EBITDA (approximately $162 million), meaning EBITDA profit fell HK$187.2 million (approximately $24 million) in 2021 results.

Regarding total casino revenues, the report nearly halved this year to HK$5.58 billion ($711 million), including a 40.4% drop in big table wins to HK$4.47 billion ($569 million) and a 72.5% drop in VIP table wins to HK$580.8 million ($74,060 million) slots.

In this regard, the company has not recommended payment of the final dividend for the year ending .

Big Expectations of the Year:

The company has recently suffered some of the aforementioned profitability issues, but analysts have cited MGM China as the most profitable company in 2023.

Supporting this statement is the fact that nearly 200 new game tables have been added to the company's allocation since the new concession table was issued 2023.

But that's not all. It's also because the company is expected to have up to 3% more market share than its competitors in the coming months.

Commenting on the company's latest gaming table, investment bank Morgan Stanley recently said, "MGM China will be the first of Macau's six concessions to reach pre-COVID levels of mass GGR."

Information:

Macao-based MGM China is the holding company of MGM Grand Paradise SA.

MGM Grand Paradise SA also owns and manages MGM Macau, an innovative premium integrated resort located on the Macau Peninsula, and Kotai's modern luxury deluxe resort MGM Kotai, which officially opened .

However, MGM China Holdings is mostly owned by MGM Resorts International, one of the leading international hospitality companies that manages a portfolio of destination resort brands related to Bellagio, MGM Grand and Mandalay Bay

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Finney and Win Cup scores 500 wins in tension [sports]

Wincup made two moves on both sides of the first stop against Will Brown's Erebus co-driver Jack Perkins early in the race, setting up another new round victory for Triple Eight.

Finney inherited the car with a comfortable lead at the second stop and had to be restarted late to take over the stadium, but replacing his outfit with the Chevrolet Camarro of the Wincup gave series leader Brody Kostecki his 500th win and the fifth win of the Team Boss Wincup.

Kostecki and co-driver Dave Russell both contributed to recovering the early double stack, and Brown made a late fumble of fumbling fordium, handing Shane Van Gisbergen and Richie Stanaway third.

WinCup made good progress early on in their 88th-place entry, and the veteran took the lead in the first few laps, beating Erevers co-drivers Russell and Perkins. Wincup was about a second ahead in the 19th lap, when Grove Mustang of No. 4 Gastander spilled the left wheel on his way through the fast Dandenong Road section.

The breakaway wheel bounced back from James Moffat and Cam Waters' fifth-place Tickford Mustang, tearing the hindwings. With Tander pushed to the beach at Turn 9 sand, safety vehicles arrived and induced many early stops, and Tickford completed repairs in time to keep Moffat in the lead wrap.

Perkins managed to jump back past Wincup in all the stops, and Russell plunged from third to 10th in order after having to double stack behind Perkins.

The Rays went back to the green on lap 26, Perkins comfortably ahead of Wincup and Michael Caruso's team 18 Camaro at first, and by lap 39, Caruso's Porsche World Durability Championship ace Kevin Estre's #19 Grove Mustang easily passed turn 1. There was a change in the lead when Wincup overtook Perkins again after two laps.

When I reached Magic Lab 54, my second stop was energized. Perkins was the first of the front runners to pit and handed his car to Brown until the final. Wincup and Estre followed, and Finney returned to a comfortable effective lead as Matt Payne put the ball in for the third time after Brown.

Russell, meanwhile, performed well in his second term and entered the top six before handing it over to Brody Kostecki, who found himself in fourth place. With half race distance, kostecki entered turn 1 past Payne and then climbed back to the podium.

Finney took the third stunt lightly, and pulled nearly nine seconds to Brown before his teammate pitched for the second time in lap 87 in 2024. Finney stopped after two laps, regained the lead to Brown, and then inflated to more than 13 seconds for 10 laps.
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No matter what anyone says, Oh Seung-hwan takes only six steps to the history of the first 400SV in KBO [sports]

The Samsung Lions, led by head coach Park Jin-man, has not solved the bullpen problem since the start of this season. He is at the bottom of the league with a 5.28 bullpen ERA. The second half is also not the lowest, but 5.78, which is not very good.

You can tell just by looking at the game on the 15th. In the match against Changwon NC Dinos, starter David Buchanan went down with three hits, three outs, six strikeouts and two runs (one earned run) in six innings. However, Choi Chae-heung, who has since come up, lost 1-8 with one hit and one out in 1.1 innings, and Choi Ha-neul with two hits and one out in 0.2 innings, shaking with four runs.

Among bullpen pitchers who have played more than 20 games, right-hander Lee Seung-hyun has the best ERA. 3.86 followed by Lee Jae-ik (3.97). Left-hander Lee Seung-hyun, who had high expectations, is sluggish at 4.98. I went down to the second division. Trade transfer Kim Tae-hoon also has a lot of ups and downs. He has never recorded a monthly ERA of three points since the transfer. August 4.63 is the best ERA.

Considering the powerful Samsung bullpen in the early 2010s, Samsung fans have no choice but to miss that time.

Director Park Jin-man also sighed, saying, "It seems to be the most difficult and insoluble homework."

Still, I smile because I have this player. It's Oh Seung-hwan. Oh Seung-hwan also cannot be seen as performing well this season. He has 4 wins, 5 losses, and 24 saves with a 4.05 ERA in 50 games. He has a four-point ERA for the first time in 13 years since the 2009 season (4.83) and the 2010 season (4.50).

We had ups and downs in the first half. He suffered a slump, not a slump, and gave up the finishing position to left-hander Lee Seung-hyun for a while, and went to the second division twice even though he was not injured. He also made his first start in his debut against the Daegu Kiwoom Heroes on May 3 to find the sense of loss. There were ups and downs.

However, Oh Seung-hwan these days is the image of Oh Seung-hwan we used to know. He has a 1.80 ERA with one win, one loss, and five saves in the last 10 games. There are only two losing games out of 10 games. The rest were all scoreless.

He only made 10 saves (2 wins, 3 losses, 2 holds, 4.80 ERA) in the first half, but it is not the second half. He has 14 saves (2 wins, 2 losses, and a 3.09 ERA). He is also tied for fourth place with NC Lee Yong-chan in the save ranking.

The save face is better than the first half. Oh Seung-hwan, who currently has 394 saves in the KBO League, will achieve the milestone of 400 saves for the first time in the KBO if he adds only six saves. He will leave his name in another milestone following the 500 saves between South Korea, the U.S. and Japan.

Oh Seung-hwan also said before the season, "I've always been quiet about my individual performance, but I want to make 400 saves quickly this time. I want to change the record, he said. "If other players aim for my record, I think there will be better pitchers on the bullpen side."

Coach Park Jin-man said of Oh Seung-hwan, "He is a player with good experience and management skills. He is good at fighting with the batter. "I'm the best bullpen pitcher right now," he praised.

Samsung has 20 games left this season. The team must also be winning, and Oh Seung-hwan must also throw well to bring in saves. However, if conditions are right, achieving 400 saves in the season is not a dream.

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Macao's Stanley Ho Appoints Daughter To Position In Suntak Holdings [games]

Stanley Ho is trying to hand over his reign to the daughter of the legendary Shuntak Holdings, who has continued his work over the past 40 years. Fancy Ho will become the head of the Hong Kong conglomerate as his father steps down as chairman and is no longer a director or executive of the company.

From now on, the 95-year-old tycoon will be the honorary chairman. Honorary chairmen are often given to retired founders or corporate visionaries, who are people who do a lot of work or take their companies to a new level. The organization owns businesses in real estate, shipping, hospitality, and investment. After a stroke he suffered , he gradually began to disperse the company and give his family the opportunity to run it.

Stanley Ho is the richest man in Macau and one of the richest men in Asia. His net worth is $2 billion, making him the 13th richest man in Hong Kong. He has four wives and 16 children, some of whom work in the gambling industry. Ho, the head of one of the most profitable businesses through SJM Holdings, is considered one of the main reasons why Macau is now a gambling hub. He helped developing countries become Asia's largest gambling place at the time, attracting enthusiasts from all over the world. By monopolizing games at the local level, he gained more than 50% of the local economy, which, as he is known informally, made him truly the "King of Macau."

One of his daughters, Fancy Ho, was the managing director of Soon Tak Holdings until recently. Her new chairmanship comes as no surprise to anyone because she has already demonstrated management potential in the company. She has two sisters who work for the company - Daisy Ho is the vice managing director and Meiji Ho is the current managing director of the company. Their father's investments include the territories of Mozambique, East Timor, the Philippines, China, Indonesia, North Korea, Portugal, and Vietnam.

In addition to the new chairman, Pansy Ho is also a director of Shun Tak Shipping Company Ltd., Renita Investment Ltd., Oakmount Holdings Ltd., and several companies.She was awarded the title Justice of the Peace by the Macau government, and received a bachelor's degree in marketing and international business management from Santa Clara University in the United States. For his role as director of Shun Tak Holdings, Pansy Ho will receive an additional HK$60,000 ($7,693 million) fee as well as an annual HK$50,000 ($6,411 million) fee for serving as director of the subsidiary

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New Orphan Water Casino Trapped in Sandbar of Mandobe River [games]

One of the water casinos that was about to take a seat on the Mandovi River in the Indian state of Goa recently approached the river so close to a sandbar that the casino cruise ship ran aground, attracting both tourists and locals.

This Sunday evening the MV Lucky 7 casino ship had to be towed from the port of Mormugao to a specially designated river anchor location, but on its way there a huge vessel was trapped in a sandbar close to Miramar Beach. The incident comes shortly after the shipowner, Golden Globe Hotel Pvt Ltd., received permission to leave the port. The company received approval from the Bombay High Court last week. MV Lucky 7 launched last weekend and was ready to go into business when an unfortunate accident occurred.

According to reports of hiccups, the Coast Guard has been summoned to take care of four of the 19 crew members of the ship and bring them to the coast. The people were extremely sick in the sea and one of them was injured, so they needed medical help. According to the plan, the ship was to pick up passengers after arriving at a scheduled mooring site. The casino ship's accident only highlights the ongoing discussion and potential problems for the casino operator.

The controversy with MV Lucky 7 is that the company has been advised to postpone the launch of a new water casino. Behind this is the arrival of the monsoon season in India and the accompanying problematic weather conditions. After the ship ran aground, it became clear that the ship's crew had gone too close to the Aguada sandbar area without thinking. This part is routinely closed for navigation during the ongoing monsoon season and events were very likely to occur.

A humanitarian in the community told reporters that sailors took a high risk when choosing a sailing route due to miscalculation of the route, which could have been easily avoided. When asked to comment on the event, the leader of the opposition AAP Orphan Party said the ship was stranded because the government decided not to consider the port captain's advice regarding weather conditions.

In the event of environmental damage caused by a casino ship's stranding, the government must take responsibility and come up with a solution, which currently contains about 12,000 liters of diesel fuel, automatically becoming a biologically dangerous time bomb.
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Brandon Ingram drops out of World Cup semi-final due to respiratory problems [sports]

Brandon Ingram will miss the U.S. team's semi-final at the 2023 Fiba World Cup against Germany on Friday.

Serbia defeats Canada's hopes to advance to the final of the FIFA World Cup
The team confirmed Ingram's exclusion from the match-day squad due to upper respiratory problems in a last-minute announcement.

The New Orleans Pelicans forward was an integral part of Steve Kerr's replacement by Josh Hart for the rest of the game after starting in the first two games of the group stage.

Ingram averaged 5.7 points, three boards, and 2.7 dimes in six World Cups.

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Oh Jae-il hit 10 home runs for 9 years in a row [sports]

Samsung beat Doosan 5-1 in the first game of the doubleheader at Jamsil Stadium on the 9th. After the Ulsan Lotte match on the 7th, consecutive losses ended. Ace David Buchanan has won 10 games in four consecutive years for the 31st time in KBO league history. Oh Jae-il hit double-digit home runs for nine consecutive years.

Samsung formed a starting lineup with center fielder Kim Hyun-joon, right fielder Kim Sung-yoon, designated hitter Koo Ja-wook, catcher Kang Min-ho, third baseman Ryu Ji-hyuk, left fielder Jose Pirella, first baseman Oh Jae-il, shortstop Lee Jae-hyun and second baseman Kim Ho-jae.

Against this backdrop, Doosan tied the batting order with center fielder Jung Soo-bin, shortstop Kim Jae-ho, left fielder Jose Rojas, first baseman Yang Seok-hwan, designated hitter Kim Jae-hwan, catcher Yang Eui-ji, second baseman Kang Seung-ho, right fielder Cho Soo-haeng and third baseman Huh Kyung-min. Samsung put Buchanan and Doosan put Jang Won-joon as starting pitchers.

Samsung laughed first. After two outs in the second inning, Pirella went to the ground with a heavy hit. Oh Jae-il, who entered the batter's box, hit Doosan starter Jang Won-joon's first two-seam fastball and connected it to a two-run arch in the right-center wall. The distance is 130 meters. 2-0.

Doosan, which launched a counterattack, had a chance to hit first and second base with no outs with consecutive hits by Yang Seok-hwan and Kim Jae-hwan during the attack in the bottom of the second inning. Yang Eui-ji stepped down as a right fielder fly, but Kang Seung-ho hit a right-handed hit to bring second baseman Yang Seok-hwan home. 2-1.

Samsung had an additional chance to score with Kim Hyun-joon's triple to right field after one out in the third inning, one point ahead. When Kim Sung-yoon grounded out to first base, Kim Hyun-joon took advantage of his opponent's error and stepped home.

Samsung wedged with consecutive timely hits by Lee Jae-hyun and Kim Ho-jae at a time when additional points were needed. After one out in the eighth inning with a 3-1 lead, Oh Jae-il hit a double over the height of the right fielder. The Doosan bench requested a video review, but the original trial was not reversed. Lee Jae-hyun hit a heavy hit to bring second baseman Oh Jae-il home. Lee Jae-hyun settled to second base. Soon after, Kim Ho-jae's left-handed double added one more point.

Samsung starter Buchanan pitched well with one run in eight innings. He won his 10th win of the season and achieved his 31st double-digit victory for four consecutive years. Oh Jae-il led the attack with two hits and two RBIs in four at-bats, including a home run. Lee Jae-hyun scored two hits and one RBI in four at-bats, including a timely hit. Table setters Kim Hyun-joon and Kim Sung-yoon achieved multi-hit side by side. Kim Ho-jae also had a hit and RBI.

Jang Won-joon, who started the Doosan Bears, pitched relatively well by keeping the mound until the fifth inning and giving up only three runs, but the batters were silent and put on the yoke of defeat. Yang Seok-hwan and Kim Jae-hwan achieved multi-hit.

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