From October 21 to 24, this meeting takes place in Paris.
EMEA.- Last Sunday, October 20, representatives from the Ibero-American Corporation of State Lotteries and Betting (Cibelae) participated in the meeting of regional associations organized by the World Lottery Association (WLA), held as a prelude to the World Lottery Summit 2024 in Paris, which takes place from October 21 to 24.
In this meeting, authorities and representatives from various entities in the sector were present, including the WLA, European Lotteries (EL), Asia Pacific Lottery Association (APLA), North American Association of State and Provincial Lotteries (NASPL), and Cibelae.
See also: 36th anniversary of Cibelae: the corporation reviews the achievements of the last year
During the meeting, the progress of the initiatives discussed in the April meeting of associations in Nashville, as well as other topics of common interest to the organizations present, were reviewed. This event highlights Cibelae's commitment to fostering cooperation and the exchange of good practices in the lottery and betting industry.
Among the attendees were Rebecca Paul, president of the WLA; Andreas Kötter, president-elect of the WLA for the period 2024-2026; Luca Esposito, executive director of the WLA; Lynne Roiter, secretary general of the WLA; Romana Girandon, president of EL; Arjan van ‘t Veer, secretary general of EL; John Teo, executive director of APLA; David Gale, executive director of NASPL; Andrew White, vice president of Operations of NASPL; Javier Milián, president of CIBELAE; Rodrigo Cigliutti, executive director of CIBELAE; and Sandra Sandoval, executive assistant of CIBELAE.
The bank has cut its forecast due to the continued closure of the Circus Palace and Hollywood mass gaming floors.
Malaysia.- Analysts at Maybank Investment Bank have lowered their full-year 2025 mass-market gross gaming revenue (GGR) forecast for Resorts World Genting (RWG) by 25 per cent. They said the adjustment was made due to the ongoing closure of the Circus Palace and Hollywood mass gaming floors, which was announced at the end of February. There is no current reopening date for the venues.
Maybank analyst Samuel Yin Shao Yang said: “We had expected both gaming floors to reopen around now to capitalise on the year-end holidays.”
Genting Malaysia, the operator of RWG, posted a net profit of MYR548.3m (US$123.3m) for the third quarter of the year. That’s a rise of 246.3 per cent in year-on-year terms. The figure was up from MYR62.7m (US$14.6m) in the second quarter of the year.
Revenue was up 1 per cent year-on-year and 3 per cent quarter-on-quarter to MYR2.74bn (US$615.7m). Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) were up 74.5 per cent year-on-year to MYR1.31bn (US$294.2m) and up 69.4 per cent when compared to the previous quarter.
Revenue in the leisure and hospitality segment – including casino operations was MYR1.68bn (US$377.5m) in Malaysia, flat in year-on-year terms and up 4.2 per cent in quarter-on-quarter terms. Adjusted EBITDA declined by 13 per cent year-on-year to MYR493.4m (US$110.9m), mainly due to higher operating expenses. The Group registered adjusted EBITDA margin of 29 per cent.
In the United Kingdom (UK) and Egypt, the group reported a 9 per cent increase in revenue to MYR538m (US$120.9m) while adjusted EBITDA grew by 5 per cent to MYR104m (US$23.4m) due to the higher volume of business. In the US and the Bahamas, the casino operator reported a marginal decline in revenue to MYR472.2m (US$106.1m). Adjusted EBITDA was down by 8 per cent to MYR124.2m (US$27.9m), mainly due to higher operating and payroll-related expenses.
Genting Malaysia posted revenue of MYR8.18bn (US$1.84bn) for the first nine months of the year. That’s an increase of 10 per cent in year-on-year terms. Adjusted EBITDA was up 53 per cent year-on-year to MYR2.72bn (US$611.2m).
