Bernstein report says mass gambling could help Macau casino industry recover [sports]
Macau's casino industry has been on the decline over the past 18 months, with gambling profits at the top six casinos in Macau falling 40% in the first half. Industry experts predict that the decline will continue into the second quarter.
This is because VIP gamblers in mainland China decided to stop visiting Macau and preferred to visit countries where gambling laws are more friendly, such as Vietnam, Cambodia, South Korea and the Philippines. These VIP gamblers are responsible for generating more than 50% of their gambling revenues, and their absence makes it difficult for Macau's casinos to make consistent profits under the current marketing model.
A recent report by Sanford C. Bernstein LLC found that Macau's casino industry could revive wealth if it started focusing on mass gamblers instead of continuing its existing strategy of focusing on VIP gamblers. Specific strategies are difficult to create, not because of a lack of general game data, but because of a lack of specific data under current reporting requirements.
The Bernstein report said, "There are only two million [USD] millionaire families in China. It is possible that about 6% of Chinese millionaire families (about 120,000 VIP players) lost 20% of their net worth to Macau casinos in 2014. However, the business model is simply unsustainable. With a loss of $200,000 a year in Macau, the 120,000th richest VIP won't be a millionaire for long."
The report says Macau casinos should focus on attracting new customers in the general gambling category and not worry too much about the VIP sector. The Chinese government has also issued similar instructions to Macau's government's order to focus on transforming its image as the world's largest gambling center into a tourist and family-friendly place.
The Bernstein report concluded that current government policies to curb VIP behavior in Macau are likely to continue , and as a result, most VIP gamblers have already left Macau and have no intention of returning any time soon. Casinos would have to change their strategy quickly if they were to start the recovery process, and the best way to start was to target mass gamblers and consider converting them into regular customers.
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This is because VIP gamblers in mainland China decided to stop visiting Macau and preferred to visit countries where gambling laws are more friendly, such as Vietnam, Cambodia, South Korea and the Philippines. These VIP gamblers are responsible for generating more than 50% of their gambling revenues, and their absence makes it difficult for Macau's casinos to make consistent profits under the current marketing model.
A recent report by Sanford C. Bernstein LLC found that Macau's casino industry could revive wealth if it started focusing on mass gamblers instead of continuing its existing strategy of focusing on VIP gamblers. Specific strategies are difficult to create, not because of a lack of general game data, but because of a lack of specific data under current reporting requirements.
The Bernstein report said, "There are only two million [USD] millionaire families in China. It is possible that about 6% of Chinese millionaire families (about 120,000 VIP players) lost 20% of their net worth to Macau casinos in 2014. However, the business model is simply unsustainable. With a loss of $200,000 a year in Macau, the 120,000th richest VIP won't be a millionaire for long."
The report says Macau casinos should focus on attracting new customers in the general gambling category and not worry too much about the VIP sector. The Chinese government has also issued similar instructions to Macau's government's order to focus on transforming its image as the world's largest gambling center into a tourist and family-friendly place.
The Bernstein report concluded that current government policies to curb VIP behavior in Macau are likely to continue , and as a result, most VIP gamblers have already left Macau and have no intention of returning any time soon. Casinos would have to change their strategy quickly if they were to start the recovery process, and the best way to start was to target mass gamblers and consider converting them into regular customers.
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Is there any chance that JR Kinahan could still return to PBA? [sports]
Five months after his contract was terminated by NLEX for "multiple violations of uniform player contracts," J.R. Quinahan has not been able to hold onto other teams in the PBA.
And at the age of 39, with those miles on his lap, time may be running out for the seventh overall pick of the 2007 PBA Rookie Draft.
Will Vina Shine pick up JR Kinahan after NLEX ends? There's no chance of that
So what's the next step for a two-time PBA and four-time All-Star?
There's nothing much on the PBA front and the source is revealed.
Another source, speaking on condition of anonymity, was SPIN."Pagwalankuhasa PBA, mag MPBL" in ph.
Among his misconduct, which NLEX has revealed in detail after a thorough investigation, Quinahan was found to have played in games other than PBA, known as "Riganglabas," without being sanctioned
According to a SPIN.ph report, Quinahan was under contract with the Road Warriors until December 2025, which was worth up to P420,000 allowed.
Yeng Guiao, his former coach at Rainor Shine and NLEX, is still looking at Cebuano Banger for a few more years. Not only PBA.
"JR can still make a difference to MPBL. He may have a few more years," said Guiao, who coached Quinahan during Elasto Painters' memorable title run in 2011, SPIN on Wednesday.I said to ph.
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And at the age of 39, with those miles on his lap, time may be running out for the seventh overall pick of the 2007 PBA Rookie Draft.
Will Vina Shine pick up JR Kinahan after NLEX ends? There's no chance of that
So what's the next step for a two-time PBA and four-time All-Star?
There's nothing much on the PBA front and the source is revealed.
Another source, speaking on condition of anonymity, was SPIN."Pagwalankuhasa PBA, mag MPBL" in ph.
Among his misconduct, which NLEX has revealed in detail after a thorough investigation, Quinahan was found to have played in games other than PBA, known as "Riganglabas," without being sanctioned
According to a SPIN.ph report, Quinahan was under contract with the Road Warriors until December 2025, which was worth up to P420,000 allowed.
Yeng Guiao, his former coach at Rainor Shine and NLEX, is still looking at Cebuano Banger for a few more years. Not only PBA.
"JR can still make a difference to MPBL. He may have a few more years," said Guiao, who coached Quinahan during Elasto Painters' memorable title run in 2011, SPIN on Wednesday.I said to ph.
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Why the first choice was 'outfielder' Kim Hyun-jong [sports]
KBO held the 2024 KBO Rookie Draft at the Grand Ballroom of the Westin Chosun Hotel in Seoul at 2 p.m. on the 14th.
The 2024 KBO Rookie Draft was played in a full-scale draft method. Nominations will be made from the first round to the 11th round, followed by the Hanwha Eagles, Doosan Bears, Lotte Giants, Samsung Lions, NC Dinos, KIA Tigers-kt wiz-LG-Kium-SSG Landers in the reverse order of the club's ranking in 2023.
LG traded with Kiwoom on July 29. Outfielder Lee Ju-hyung, right-hander Kim Dong-kyu, and right-hander Choi Won-tae were recruited after giving up the right to nominate him in the first round of the 2024 rookie draft. The trade forced LG to start the nomination in the second round.
LG picked out outfielder Kim Hyun-jong in the second round. It was a draft with a lot of great pitchers.Other teams also started the draft with pitchers except for SSG. In this situation, LG drew a lot of attention by selecting an outfielder first.
LG especially boasts the strongest outfielders in the league. It had Hong Chang-ki, Park Hae-min, Kim Hyun-soo, and Moon Sung-joo. Lee Jae-won, one of the league's leading outfield prospects, is also not easily getting a chance. Nevertheless, LG's first choice was Kim Hyun-jong. This was because Kim Hyun-jong had different advantages from LG outfielders.
Kim Hyun-jong is a valuable right-handed hitter in LG. All of the LG 1st-tier outfielders are left-handed except Lee Jae-won. Ahn Ik-hoon, Lee Joon-seo, and Ham Chang-gun, who are cultivating their skills in the second division, are also left-handed hitters. It is difficult to find a right-handed outfielder other than Lee Jae-won.
Kim Hyun-jong also has a quick focus and strong shoulders. Among LG's main outfielders, Park Hae-min lacks throwing ability, while Hong Chang-ki and Moon Sung-joo are lacking in focus. Under LG manager Yeom Kyung-yeop's "running baseball," Hong Chang-ki and Moon Sung-joo have 19 steals and 21 steals this season, respectively, but their success rates are only 51.4% and 63.6%, respectively.
On top of that, Kim Hyun-jong has excellent batting response speed and batting judgment ability. In other words, he has the potential to have high-quality defense skills in all outfield positions in the future. Kim Hyun-jong's defense was inevitably attractive for LG, which lacked center fielder resources other than Park Hae-min, who was 33 years old, by sending Lee Joo-hyung to Kiwoom.
Kim Hyun-jong has both accurate contact skills and power, especially in attacks. It is a type that cannot be found in LG, which has big guns such as Hong Chang-ki, Moon Sung-joo, and Park Hae-min, who are hard to expect a home run, but lacks accuracy. After naming Kim Hyun-jong, an LG official also said, "He has a clear strength in his offensive power. "He is a medium and long-distance type, and he is a player who is generally stable in terms of defense range, batting judgment ability, and batting response speed," he said. Kim Hyun-jong's versatile ability was highly evaluated.
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The 2024 KBO Rookie Draft was played in a full-scale draft method. Nominations will be made from the first round to the 11th round, followed by the Hanwha Eagles, Doosan Bears, Lotte Giants, Samsung Lions, NC Dinos, KIA Tigers-kt wiz-LG-Kium-SSG Landers in the reverse order of the club's ranking in 2023.
LG traded with Kiwoom on July 29. Outfielder Lee Ju-hyung, right-hander Kim Dong-kyu, and right-hander Choi Won-tae were recruited after giving up the right to nominate him in the first round of the 2024 rookie draft. The trade forced LG to start the nomination in the second round.
LG picked out outfielder Kim Hyun-jong in the second round. It was a draft with a lot of great pitchers.Other teams also started the draft with pitchers except for SSG. In this situation, LG drew a lot of attention by selecting an outfielder first.
LG especially boasts the strongest outfielders in the league. It had Hong Chang-ki, Park Hae-min, Kim Hyun-soo, and Moon Sung-joo. Lee Jae-won, one of the league's leading outfield prospects, is also not easily getting a chance. Nevertheless, LG's first choice was Kim Hyun-jong. This was because Kim Hyun-jong had different advantages from LG outfielders.
Kim Hyun-jong is a valuable right-handed hitter in LG. All of the LG 1st-tier outfielders are left-handed except Lee Jae-won. Ahn Ik-hoon, Lee Joon-seo, and Ham Chang-gun, who are cultivating their skills in the second division, are also left-handed hitters. It is difficult to find a right-handed outfielder other than Lee Jae-won.
Kim Hyun-jong also has a quick focus and strong shoulders. Among LG's main outfielders, Park Hae-min lacks throwing ability, while Hong Chang-ki and Moon Sung-joo are lacking in focus. Under LG manager Yeom Kyung-yeop's "running baseball," Hong Chang-ki and Moon Sung-joo have 19 steals and 21 steals this season, respectively, but their success rates are only 51.4% and 63.6%, respectively.
On top of that, Kim Hyun-jong has excellent batting response speed and batting judgment ability. In other words, he has the potential to have high-quality defense skills in all outfield positions in the future. Kim Hyun-jong's defense was inevitably attractive for LG, which lacked center fielder resources other than Park Hae-min, who was 33 years old, by sending Lee Joo-hyung to Kiwoom.
Kim Hyun-jong has both accurate contact skills and power, especially in attacks. It is a type that cannot be found in LG, which has big guns such as Hong Chang-ki, Moon Sung-joo, and Park Hae-min, who are hard to expect a home run, but lacks accuracy. After naming Kim Hyun-jong, an LG official also said, "He has a clear strength in his offensive power. "He is a medium and long-distance type, and he is a player who is generally stable in terms of defense range, batting judgment ability, and batting response speed," he said. Kim Hyun-jong's versatile ability was highly evaluated.
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