It is always time to improve ...
Buddhists use the term emptiness to describe the unlimited potential in which anything can appear, change or disappear; or in other words the foundation that makes everything possible. For our western mentality when something good happens to us we say that luck was with us.
To make this reading enjoyable I am going to reveal to you the secret of how we make our casino machines to be successful, let me explain how the software is made:
Regardless of the figures or the theme of the game, mathematics has the leading role of the whole process; imagine a small circle where all the possible winning combinations of prizes are contained, now imagine several circles much larger where the figures of the prizes exist one by one but in different quantities in each one of them. In the center there is a generator of mathematical combinations, which takes from each circle a figure in a random way and compares them against the smallest circle, verifying that the combination is or is not suitable for rewarding.
As you can see, there is a certain degree of chance when a prize is generated but it is not pure luck because the combinations are not generated beyond the circles that have been designed for that purpose ... and that is life.
Apply the above to our daily life: the circles we are imagining for this example are good actions, good wishes, bad actions, bad energies, and everything we do towards and against others or ourselves whether it is good or bad, remember that there is a circle for good actions, good wishes and so on with everything ... we are the ones who act as the generator of combinations, but we do not do it in a random way: we choose the bad the good according to what suits us and what we attract
The more bad actions we have put in the circle of the bad this will be bigger and fall many more times in the combinations because it is what has more size ... and in the same way the good, good actions and so on, making our existence difficult or easy; As you can see, it is not a question of luck because unlike the software of the machines, goodness and positive things are only limited by our mind, which makes it infinite.
Life only gives to the people who give and are rich, paradoxical as it sounds, if we have been benevolent and we have squandered forgiveness and peace the reward will be a happiness as infinite as we have planned; So if we want to access wealth this is the formula, if we want the material material will arrive and leave us when we find someone who is more interested in it than we are, if we want to be happy we wish others the best remembering this wise adage Lao Tse: "who lights a light for someone, also illuminates his own path" ...
If you liked and identify with me today, share this message with someone, surely it will be your good work of the day and help fill the circle of the good, or who knows, just this person just want to know how to make the "program" of a casino machine and convince yourself that chance does not exist and it is only a quantity of probabilities that sooner or later are fulfilled ... or better yet, realize that it is always the best time to change and decide to fill your circles with the way you want your life to be.
A lot of energy and as always, thank you on behalf of my team for giving us the opportunity to serve you.
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HSBC Global Research predicts that MGM China, Wynn Macau, Galaxy, and Sands China will pay dividends in 2024, while Melco and SJM are likely to withhold dividends.
In a recent report on HSBC Global Investment Summit 2024 key takeaways, the financial services agency said that Macau’s gaming demand remains healthy, while gaming operators “remain committed to shareholder returns”. Analysts Charlene Liu, Jessie Lu, and Lauren Cai maintain a ‘buy’ rating for MGM China and Galaxy, noting that both operators observed positive trends across all business segments, with notable upticks in VIP segment.
Macau gaming stocks remain intact, supported by a steady daily gross gaming revenue.
Earlier in March, MGM China announced a final dividend of HKD0.243 per share and a special dividend of HKD0.104 per share for 2023. Similarly, Wynn Macau declared a final dividend of HKD0.075 per share for the same fiscal year.
“With growing offerings of non-gaming events of a different nature, both[operators] expect to see travelers return more often to Macau and the seasonality trend to smoothen out,” the analysts said.
Thailand’s Ministry of Finance has been appointed lead agency to consider a House committee study recommending the legalization of casino gaming but will work with 16 other agencies in doing so, local media reports.
Deputy Finance Minister Julapun Amornvivat, who chairs the House committee, said earlier that the complexes would create jobs, boost tourism, and curb illegal gambling. He expected the complexes to generate 40-50 billion baht of revenue annually. After the plan is greenlighted, a policy-level committee will be established to supervise the project, to be chaired by the Prime Minister, he said.
Thailand’s National Assembly to debate introducing casinos on March 28
An administration-level committee will then be formed, comprised of ministers and executives from related agencies to consider each aspect of the project in detail.
The 16 other agencies named include the ministries of Tourism and Sports, Social Development and Human Security, Higher Education Science Research and Innovation, Agriculture and Cooperatives, Transport, Interior, Justice, Labour, Culture, Education, Public Health and Industry.
The study itself recommends imposing a 17% tax on gross gaming revenue – making it one of the lowest tax regimes in the region – with locals to be required to pay an entry levy of an amount yet to be determined. License duration would be set at an initial 20 years and then renewable every five years, while the larger casino complexes would require a minimum investment of US$2.7 billion.
The Office of the Council of State, the National Economic and Social Development Council, the National Office of Buddhism and the Royal Thai Police will also be consulted.
In march, a total of 36.301 billion yuan of lottery tickets were sold nationwide, a year-on-year decrease of 5.509 billion yuan or 13.2%. Among them, the sales of welfare lottery institutions were 12.632 billion yuan, a year-on-year decrease of 899 million yuan, a decrease of 6.6%; the sales of sports lottery institutions were 23.669 billion yuan, a year-on-year decrease of 4.610 billion yuan, a decrease of 16.3%. This is mainly because the market was closed during the Spring Festival holiday in February this year.
Cumulatively from January to February, a total of 93.865 billion yuan in lottery tickets were sold nationwide, an increase of 18.832 billion yuan or 25.1% year-on-year.
Among them, the sales of welfare lottery institutions were 32.322 billion yuan, an increase of 7.950 billion yuan or 32.6% year-on-year; the sales of sports lottery institutions were 61.543 billion yuan, an increase of 10.882 billion yuan or 21.5% year-on-year.
Foreigner-only casino operator Grand Korea Leisure which operates three casinos in South Korea and Seoul and Busan under the Seven Luck brand reported a 19.9% month-on-month increase in casino revenue to KRW40.4 billion (US$29.9 million) in March, which was also 4.4% higher than the same month in 2023.
The strong result, comprising a 19.7% sequential increase in table revenue to KRW37.3 billion (US$27.6 million) and 22.7% increase in slots revenue to KRW3.06 billion (US$2.27 million), came off a 10.1% improvement in drop to KRW321.1 billion (US$237.5 million).
This brings casino sales for the first three months of 2024 combined to KRW93.7 billion (US$69.3 million), down 12.9% on the same period last year but on the rise after a slow start to the year.
Table drop of KRW916.0 billion (US$677.4 million) through March is up 21.5% higher year-on-year.
This March 28th Of the 257 House members in attendance, 253 voted in favor of the casino gaming legislation. Deputy Finance Minister Julapun Amornvivat said a casino feasibility study could now be advanced to national government’s cabinet. Assuming momentum continues building, it’s possible the first gaming venue in Thailand could open its doors before MGM Resorts International’s (NYSE: MGM) Osaka integrated resort. The first Japanese casino hotel is expected to open in 2030.
Thailand’s National Assembly to debate introducing casinos on March 28
Assuming two years to finalise a regulatory framework and three years to construct, the first entertainment centre may only open in 2029 (in Thailand),” said Maybank Investment Bank in a note to clients.
Should Thailand’s national cabinet formally approve entertainment complexes, it’s possible that up to eight such venues will be permitted and it’s likely that awarding of gaming licenses will occur in phases.
Thailand Casinos Could Beat Japan Efficiency, Emulate Singapore Model
Owing to its reputation as major tourist destination in Southeast Asia and its penchant for attracting visitors from China and the West, Thailand was already expected to attract some of the gaming industry’s biggest names in terms of bidding for casino permits.
That scenario could be amplified should the Thai government continue displaying efficiency in the legalization and regulatory process. Delays and lack of clarity on those fronts are why so many of the industry’s largest operators eventually threw in the towel on Japan, leaving that country with just the MGM Osaka venue to start its move into casino gaming.
Analysts also expect Thailand’s casino framework will be closer to that of Singapore than Macau and low tax rates could be another draw to international operators.
“Proposed gaming tax rates are low at 17 percent and social safeguards à la [in the manner of] Singapore will be proposed,” noted Maybank analysts.
Singapore is home to just two integrated resorts, which are operated by Genting Singapore and a unit of Las Vegas Sands (NYSE: LVS).
It’s expected that Thai entertainment complexes featuring casinos could boost tourism spending in the country by as much as 52% annually. That’s one reason why the country will likely draw bids from some of the biggest names in the gaming industry.
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