Monthly Archives: January 2020

POGO growth expected to continue, drive real estate industry

Even if the faucet’s been turned off, the sink is still overflowing. That’s what one real-estate consultant says about the Philippine Offshore Gambling Operators (POGOs), which she expects to continue driving office space demand in the bustling business district of Makati.

“Despite limited office supply next year accepting POGOs, the offshore gaming sector is still expected to drive office demand but on a slower phase compared to 2019,” said Monique Cornelio-Pronove, chief executive officer of Pronove Tai International Property Consultants in an interview with Business World.

In the interview, Cornelio-Pronove listed all the factors that could potentially slow down the growth of the POGO industry. What’s telling is that a temporary restriction on new licenses didn’t rank top of the list. “The main factor of POGOs growth in the office market will always be grounded in the ‘office supply.’ POGO sector is expected to slow down next year because of the limited available supply in the Bay Area,” she said, referring to the area around Entertainment City.

She did note however that many other factors could affect the size of the industry, including Chinese government influence, potentially higher tax rates, and scrutiny over POGO related criminality.

Macau casino employees protest for pay and benefits

One of the staple news items when covering the Macau gaming news beat is the seasonal bonuses the concessionaires give out to keep their employees happy. At least a few hundred employees don’t think that’s enough, as a protest organized by the New Macau Gaming Staff Rights Association is demanding more.

As reported first by the Macau Daily Times, Cloee Chao led the protest, which seeks to win its members better pay and more favorable labor conditions. While the group self-reported 500 protestors made it to the rally, the police said the number was more like 300.

Chao noted that workers have received annual raises of approximately 2.5%, while the concessionaires have seen their revenues climb much higher than that. To make things right, she wants a guaranteed 5% annual increase, which would help laborers stay ahead of the expected 3% yearly inflation.

Other than pay, she also demanded many of the benefits currently enjoyed by government civil servants. As the casinos are concessionaires, recent court rulings have suggested they are basically arms of the government themselves, so it only makes sense that they should offer the same benefits.

Former NBA commissioner David Stern passes away at 77

As the head of the most popular basketball league in the world, former NBA commissioner David Stern set in motion a number of activities that would see the league reach new heights on an international stage. He was in charge from 1984 to 2014 and worked tirelessly at advancing the game, helping turn it into a multibillion-dollar organization. However, all good things must come to an end. After suffering a brain hemorrhage three weeks ago, Stern passed away on New Year’s Day. He was 77 years old.

With Stern at the helm, the NBA added seven new teams and two brand new leagues. The G League, previously known as the NBA Development League, was founded in 2001 and the WNBA – the Women’s NBA – was founded in 1996 with its inaugural season held the following year. He was continuously been singled out as the man who made the NBA an international household brand.

Current commissioner Adam Silver said in a statement about Stern’s passing, “For 22 years, I had a courtside seat to watch David in action. He was a mentor and one of my dearest friends. We spent countless hours in the office, at arenas and on planes wherever the game would take us. Like every NBA legend, David had extraordinary talents, but with him it was always about the fundamentals — preparation, attention to detail, and hard work.”

He added, “Every member of the NBA family is the beneficiary of David’s vision, generosity and inspiration. Our deepest condolences go out to David’s wife, Dianne, their sons, Andrew and Eric, and their extended family, and we share our grief with everyone whose life was touched by him.”

Philippine senate panel makes POGO investigation a priority

As the 2020 session begins in the Philippine legislature, the Senate Committee on Labor, Employment, and Human Resources Development has made the investigation of the Philippine Offshore Gaming Operators (POGOs) a major priority This according to the chairman of the committee.

In a recent phone conversation with media outlets in the country, Senator Emmanuel Joel J. Villanueva explained that the committee has concerns about the way that these offshore gaming establishments have been operating, and has dedicated his committee to conducting a full “inquiry, in aid of legislation, on the unusual influx of illegal foreign workers in the country, especially in the POGO and POGO-related industry.”

Recent statistics provided by the Department of Labor and Employment (DoLE) reported that 111,583 Alien Employment Permits were issued this past year. Of that number, 83,764 were issued specifically to POGO related businesses. The DoLE also added that of the 118,239 registered workers involved within these operations, 97,283 are foreign workers. This, as of December 10.

The committee will not only be looking into these numbers but has concerns about unregistered POGO employees as well. The committee was authorized under Senate Resolution No. 67, which was filed near the end of last year, to investigate not only the industry’s failure to provide proper documentation for employees but also on the failure to remit the proper amount of taxes to the country’s Bureau of Internal Revenue (BIR).

China’s lotteries still struggling as Taiwan enjoys double-digit growth

China’s lottery sales enjoyed a month-to-month improvement in November but still recorded the market’s 10th straight month of year-on-year declines.

Figures released this week by China’s Ministry of Finance show overall lottery sales of RMB37.8b (US$5.42b) in the month of November, a 12% decline from the same month last year but a significant improvement over October’s RMB27.5b.

October’s sales were dampened thanks to a nationwide ban on most lottery products to mark the annual National Day holiday. Even with that bit of pesky patriotism aside, November’s sports lottery sales still fell 8% year-on-year to RMB21.1b, while welfare lottery sales slid 15% to RMB16.7b.

Total sales over the first 11 months of 2019 are down 11.6% to RMB377.65b ($54.2b), with sports lotteries down 8.4% to RMB210.65b and welfare lotteries falling 15.3% to RMB167b. Among China’s regional lottery administrators, only Sichuan province reported a year-on-year improvement in 2019 to date (and that gain was extremely modest).

China’s lotteries still struggling as Taiwan enjoys double-digit growth

China’s lottery sales enjoyed a month-to-month improvement in November but still recorded the market’s 10th straight month of year-on-year declines.

Figures released this week by China’s Ministry of Finance show overall lottery sales of RMB37.8b (US$5.42b) in the month of November, a 12% decline from the same month last year but a significant improvement over October’s RMB27.5b.

October’s sales were dampened thanks to a nationwide ban on most lottery products to mark the annual National Day holiday. Even with that bit of pesky patriotism aside, November’s sports lottery sales still fell 8% year-on-year to RMB21.1b, while welfare lottery sales slid 15% to RMB16.7b.

Total sales over the first 11 months of 2019 are down 11.6% to RMB377.65b ($54.2b), with sports lotteries down 8.4% to RMB210.65b and welfare lotteries falling 15.3% to RMB167b. Among China’s regional lottery administrators, only Sichuan province reported a year-on-year improvement in 2019 to date (and that gain was extremely modest).

EPL New Year review

A full programme of EPL action took place across the first two days of 2020, and while Liverpool continue to fly towards their debut Premier League title in the competition’s history, the race for fourth grows ever more complicated.

At the bottom of the Premier League, there were huge victories for Watford and Southampton, while Norwich and Bournemouth saw their survival hopes hit by devastating dropped points at home to Crystal Palace and away to West Ham respectively.

While Jose Mourinho’s Tottenham Hotspur floundered on the road at Southampton, they were not the only Champions League challenger to hit a roadblock. While Manchester City beat Everton 2-1 and Leicester recorded a famous 3-0 triumph up at Newcastle United, other teams dreaming of 4th place and the richest prize club football has to offer had nightmares instead.

Brighton 1-1 Chelsea

China’s lotteries still struggling as Taiwan enjoys double-digit growth

China’s lottery sales enjoyed a month-to-month improvement in November but still recorded the market’s 10th straight month of year-on-year declines.

Figures released this week by China’s Ministry of Finance show overall lottery sales of RMB37.8b (US$5.42b) in the month of November, a 12% decline from the same month last year but a significant improvement over October’s RMB27.5b.

October’s sales were dampened thanks to a nationwide ban on most lottery products to mark the annual National Day holiday. Even with that bit of pesky patriotism aside, November’s sports lottery sales still fell 8% year-on-year to RMB21.1b, while welfare lottery sales slid 15% to RMB16.7b.

Total sales over the first 11 months of 2019 are down 11.6% to RMB377.65b ($54.2b), with sports lotteries down 8.4% to RMB210.65b and welfare lotteries falling 15.3% to RMB167b. Among China’s regional lottery administrators, only Sichuan province reported a year-on-year improvement in 2019 to date (and that gain was extremely modest).

Connecticut’s tribal casinos blame regional rivals for revenue dip

Connecticut’s two tribal casino operators reported annual revenue declines in 2019, with new regional competition fingered as the likely culprit.

On New Year’s Eve, The Day reported viewing annual reports filed by the companies behind Foxwoods Resort Casino and Mohegan Sun Casino, which together hold a monopoly on casino operations in Connecticut. Both casinos reported negative net revenue growth in the 12 months ending September 30, 2019, although the pace of decline slowed from the previous fiscal year.

Mohegan Gaming & Entertainment (MGE) reported overall revenue of $1.39b, a 2.4% improvement over 2018’s result. But its Mohegan Sun venue in Connecticut reported revenue falling 7.2% to $992m, and the parent company’s overall gains were largely due to its mid-year signing of a deal to manage casino operations in Niagara Falls, Ontario.

Foxwoods, which is operated by the Mashantucket Pequot Tribal Nation, reported only slightly better results, with revenue falling 5% to $787.8m. Both Foxwoods and Mohegan Sun blamed falling gaming revenue for the overall net revenue slide and pointed an accusatory finger at their new regional casino rivals.

UK gambling operators’ VIP programs under fire in gov’t report

The year is only two days old but UK gambling operators are already facing their first public relations crisis over VIP customer activity.

On Thursday, the Guardian newspaper reported obtaining a ‘secret’ UK Gambling Commission (UKGC) report regarding online licensees’ VIP gambling programs. The report, which the Guardian obtained via a freedom of information request, crunched data from nine unidentified betting operators who apparently offer both retail and online betting.

The report has yet to surface publicly but the Guardian chose to focus on two aspects: VIPs accounting for a disproportionate amount of gambling account deposits and VIPs being overrepresented in the ranks of the UK’s problem gamblers.

One operator reportedly garnered 83% of all account deposits from just 2% of its overall customer base, while a rival operator derived 58% of deposits from 5% of its customers, and a third operator claimed that 3% of its customers were responsible for 48% of deposits.

UK gambling operators’ VIP programs under fire in gov’t report

The year is only two days old but UK gambling operators are already facing their first public relations crisis over VIP customer activity.

On Thursday, the Guardian newspaper reported obtaining a ‘secret’ UK Gambling Commission (UKGC) report regarding online licensees’ VIP gambling programs. The report, which the Guardian obtained via a freedom of information request, crunched data from nine unidentified betting operators who apparently offer both retail and online betting.

The report has yet to surface publicly but the Guardian chose to focus on two aspects: VIPs accounting for a disproportionate amount of gambling account deposits and VIPs being overrepresented in the ranks of the UK’s problem gamblers.

One operator reportedly garnered 83% of all account deposits from just 2% of its overall customer base, while a rival operator derived 58% of deposits from 5% of its customers, and a third operator claimed that 3% of its customers were responsible for 48% of deposits.

Nick Kyrgios leads Australian tennis drive for bush fire tragedy

Australian tennis player and all-round banter legend Nick Kyrgios has pushed for a tennis drive to contribute money to the victims of the recent bushfires in his homeland.

After tweeting his intention to do something for those hit by the recent tragic bushfires that have swept across Australia, Kyrgios was hit by a wave of support from his fellow professionals and eventually, the Tennis Australia account too.

Here was how Kyrgios kicked off the charity drive:

I’m kicking off the support for those affected by the fires. I’ll be donating $200 per ace that I hit across all the events I play this summer. #MoreToCome #StayTuned

NFL Wild Card weekend: Sunday odds & trends

While the AFC has Saturday all to itself on Wild-Card Weekend, the NFC takes the stage on Sunday with its two games.

Odds courtesy of OddsShark.com

At 1:05 p.m. ET, the sixth-seeded Minnesota Vikings visit the No. 3 New Orleans Saints. The current NFL playoff format began in 1992 and just twice previously had a team with 13 victories not earned a first-round playoff bye. The 2019 Saints became the third despite tying for the conference’s best record. The Saints lost a head-to-head tiebreaker with No. 1 San Francisco thanks to a last-second 48-46 loss to the Niners in Week 14. That’s the only defeat for the Saints in their past seven games.

New Orleans lost the tiebreaker for the second seed with Green Bay because the Packers had a 10-2 record against the NFC compared to a 9-3 mark for the Saints. Both the Niners and Packers nearly lost in Week 17 and then New Orleans would have been the No. 1. It was last year with the same 13-3 mark.

Few filing claims in $4.3 million lottery scam settlement; deadline Jan. 7

Victims of the largest lottery scam in U.S. history are expected to pocket only a small fraction of a $4.3 million settlement because of a lack of applicants laying claim to the money, court records show.Insider Buzz, Legal, Hot Lotto, Scandal, Technology, Security, Computerized Drawings, Fraud, Crime, Multi-State Game, Web Site, Court, MUSL