Inside Asian Gaming

20/12/2025

《亞博匯》熱烈慶祝澳門特別行政區成立26周年🎉🥂
Congratulations on the 26th anniversary of the foundation of the Macao SAR🎉🥂

19/12/2025

Japan reopens IR licensing — Hokkaido vs Nagasaki, Hard Rock front-runner and MGM Osaka timeline

19/12/2025

【王志琪離職美高梅，馮小峰將任首席執行官】

美高梅中國宣布，公司總裁及首席營運官王志琪在服務公司十四年後即刻離職。

美高梅在闡述領導層變動的公告中表示，王志琪因追求個人抱負而離職，其任期間參與多項策略及計劃，支持公司的持續成長與發展。

現任總裁兼執行董事馮小峰將任首席執行官，田焓晉升為首席營運官，馬家豪則擔任首席法律官。

全文：
https://zh.asgam.com/2025/12/19/hubert-wang-departs-mgm-china-kenneth-feng-promoted-to-ceo-zh/
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【Hubert Wang departs MGM China, Kenneth Feng promoted to CEO】

MGM China has announced the immediate departure of its President and COO Hubert Wang, following 14 years with the company.

In an announcement outlining changes to its leadership, MGM said Wang was departing to pursue personal aspirations, having participated in various initiatives that supported the company’s growth and development.

Kenneth Feng, currently President and Executive Director, will now assume the role of Chief Executive Officer, while Tian Han will become Chief Operating Officer and Antonio Menano Chief Legal Officer.

Link:
https://asgam.com/2025/12/19/hubert-wang-departs-mgm-china-kenneth-feng-promoted-to-ceo/


#美高梅 #王志琪 #馮小峰
#亞博匯

19/12/2025

Inside Cebu's abandoned 'Emerald Bay' casino — the revoked license, the concrete shell and the stalled ghost resort

19/12/2025

Is Naga 3 dead? Why Naga Corp terminated funding and what it means for the company's future

19/12/2025

Wynn Al Marjan Island topping out — inside the world’s most beautiful new resort and why analysts say it could be Wynn's biggest contributor (opening spring 2027)

19/12/2025

What Singapore's risky decision to approve casinos (Marina Bay Sands) teaches Thailand — from Lee Kuan Yew's reversal to Lawrence Wong's veiled message

19/12/2025

Episode 23 of IAG LIVE. A new era in IAG industry coverage has begun!

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16/12/2025

【澳門舊區活化將由博彩承批公司轉至片區發展中心】

澳門特區政府宣佈，「片區發展中心」正式成立，舊區活化的方案策劃與執行等工作，將由博彩承批公司轉至該中心，承批公司將不再各自執行舊區活化。

澳門特區政府早前提出新的舊區活化方案，一改上一任政府由六間博彩承批公司主導六個不同區域的計劃。新的方案由「政府監督統籌、承批公司投入資源、民間策劃舉辦」三個方式組成。

片區發展中心則是由民間組織設立。在周一的啟動儀式中，政府宣佈了「片區發展中心」將由澳門街坊會聯合總會承辦營運，標誌着舊區活化進入新階段。

澳門街坊會聯合總會理事長陳家良周一接受傳媒訪問時指出，「新模式不再由六家綜合旅遊休閒企業（承批公司）各自執行。」

全文：
https://zh.asgam.com/2025/12/15/responsibility-for-revitalization-of-macaus-old-districts-to-shift-from-gaming-concessionaires-to-new-district-development-center-zh/
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【Responsibility for revitalization of Macau’s old districts to shift from gaming concessionaires to new District Development Center】

The Macao SAR Government announced the establishment of a “District Development Center” that will be responsible for the planning and ex*****on of revitalization initiatives for old districts – an endeavor previously assigned to Macau’s six concessionaires.

Under the new policy, the concessionaires will no longer independently implement revitalization projects with responsibility transitioning to the center.

The new approach to revitalizing old districts comprises three pillars: government oversight and coordination, resource investment by concessionaires, and planning and implementation by community organizations.

Chan Ka Leong, President of UGAMM, stated during a media interview on Monday, “The new model will no longer involve six integrated tourism and leisure enterprises (concessionaires) operating independently.

Link:
https://asgam.com/2025/12/15/responsibility-for-revitalization-of-macaus-old-districts-to-shift-from-gaming-concessionaires-to-new-district-development-center/


#澳門 #活化 #片區發展中心
#亞博匯

16/12/2025

【花旗：高端中場客戶帶動澳門2025年業績增長 玩家數量與投注額雙雙攀升】

投資銀行花旗集團在完成年度最後一輪高端中場客戶調查後表示，高端中場客群是2025年澳門博彩收入的主要增長動力。

分析師George Choi及Timothy Chau指出，2025 年開展的十二個月賭枱調查數據（包括近期 12 月調查的「強勢數據指標」）均證實了這一點。花旗博彩業團隊全年共錄得約 8,000 名高端中場市場玩家，較去年增長 6%；人均投注額達 24,018 港元（折合 3,086 美元），同樣實現較去年的6% 增幅。

分析師在周一發佈的報告中指出：「玩家的數量與質素均實現雙升。澳門為中國內地高淨值消費者提供演唱會、酒店套房及新式邊注的『一站式體驗』，而消費者亦樂於在此消費。我們認為，澳門博彩毛收入的增長勢頭將得以持續。」

全文：
https://zh.asgam.com/2025/12/16/citi-premium-mass-drove-macaus-growth-in-2025-on-more-players-and-bigger-bets-zh/
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【Citi: Premium mass drove Macau’s growth in 2025 on more players and bigger bets】

Investment bank Citigroup has described the premium mass segment as the primary growth driver for Macau’s gaming revenues in 2025 after completing its final premium mass table survey of the year.

Analysts George Choi and Timothy Chau said that data from the 12 monthly table surveys conducted in 2025 – including a “strong data point” from its recent December survey – echo this fact with the Citi gaming team having witnessed around 8,000 premium mass players throughout the year, up 6% year-on-year, with average wager per player of HK$24,018 (US$3,086), also up 6%.

“Iin other words, both player quantity and quality improved,” the analysts wrote in a Monday note. “Because Macau offers affluent mainland Chinese consumers a ‘total experience’ (concerts, hotel suites, and new side bets) that they are willing to spend on, we believe Macau GGR growth will continue to be sustained.”

Link:
https://asgam.com/2025/12/15/citi-premium-mass-drove-macaus-growth-in-2025-on-more-players-and-bigger-bets/


#花旗 #澳門 #博彩
#亞博匯

16/12/2025

【金界控股終止與曾氏家族就金界三期開發項目簽訂的融資協議】

於香港上市的金界控股宣佈，終止與集團創辦人、已故曾立強博士的相關實體簽訂的認購協議。協議原定由相關實體為集團位於柬埔寨金邊的金界娛樂城三期擴建項目提供 50% 的融資，項目總投資額預計達 35 億美元。

金界控股在一份公告中表示，鑒於「自 2019 年 4 月簽署認購協議以來，外部宏觀經濟環境已發生變化」，公司已與認購方（此前名為曾立強基金有限公司）達成協議，終止上述認購安排。

根據最初協議條款，金界三期項目 50% 的資金由曾立強博士提供，剩餘 50% 則透過外部融資集資，雙方各需出資約 17.6 億美元。曾立強博士原定於項目完工後，以股份結算的方式繳付資金，亦同意承擔協議金額以外的一切超支費用。
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【NagaCorp terminates funding agreement with controlling Chen family for Naga 3 development】

Hong Kong-listed NagaCorp has terminated a subscription agreement with an entity linked to the group’s founder, the late Dr Chen Lip Keong, to provide 50% of funding for the planned US$3.5 billion Naga 3 expansion of its NagaWorld integrated resort in Phnom Penh, Cambodia.

In a filing, NagaCorp said that it had reached an agreement with the subscriber, previously named as ChenLipKeong Fund Limited, to terminate the agreement in light of the “changing external macroeconomic environment since the entering of the Subscription Agreement in April 2019”.

Under the terms of that initial agreement, 50% of Naga 3 was to be funded by Dr Chen and 50% via external funding options, with each to contribute around US$1.76 billion. Dr Chen, whose contribution was to be settled via Settlement Shares upon project completion, had also agreed to fund any costs over and above the agreed amount.


#金界 #柬埔寨 #金界娛樂城
#亞博匯

於香港上市的金界控股宣佈，終止與集團創辦人、已故曾立強博士的相關實體簽訂的認購協議。協議原定由相關實體為集團位於柬埔寨金邊的金界娛樂城三期擴建項目提供 50% 的融資，項目總投資額預計達 35 億美元。

15/12/2025

【摩根士丹利：聖淘沙名勝世界二期擴建仍需50億新幣 擬透過債務融資】

摩根士丹利分析師指出，新加坡聖淘沙名勝世界母公司雲頂新加坡，或將透過債務融資，為耗資 68 億新加坡元的新加坡聖淘沙名勝世界二期（RWS 2.0）擴建項目提供剩餘資金。

該投行在近期與該度假區新任管理團隊會面後發佈的報告中指，繼新加坡海洋生態館、零售商圈WEAVE及高端酒店The Laurus「桂玥豪華精選酒店」等 1.5 期項目陸續竣工後，新加坡雲頂目前仍需為新加坡聖淘沙名勝世界二期第二階段工程投入約 50 億新加坡元；看來當前低息環境下，債務融資屬「可行選項」。

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【Morgan Stanley: Debt financing on the cards for Genting Singapore with SG$5 billion still to spend on RWS 2.0 expansion】

Resorts World Sentosa parent Genting Singapore could look to debt financing to fund the remainder of its SG$6.8 billion (US$5.3 billion) RWS 2.0 expansion project, according to Morgan Stanley analysts.

In a recent note following a meeting with the property’s new-look management team, the investment bank said Genting Singapore still has around SG$5 billion (US$3.9 billion) to invest into Phase 2 of RWS 2.0, with debt financing a “viable option” – particularly in what it describes as a low-interest rate environment. This follows the recent completion of Phase 1.5 projects such as the Oceanarium, retail precinct WEAVE and high-end hotel The Laurus.


#亞博匯

摩根士丹利分析師指出，新加坡聖淘沙名勝世界母公司新加坡雲頂，或將透過債務融資，耗資 68 億新加坡元的新加坡聖淘沙名勝世界二期（RWS 2.0）擴建項目提供剩餘資金。