• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Art biz mini show for resorts at G2E Asia 2019: Reed

Mar 01, 2019 Newsdesk Industry Talk, Latest News, Macau, Top of the deck  


Art biz mini show for resorts at G2E Asia 2019: Reed

Global Gaming Expo (G2E) Asia is to introduce an additional new segment for 2019, namely art available for sale or lease to casino resorts.

So said Josephine Lee, chief operating officer of Reed Exhibitions China, the co-organiser – along with the American Gaming Association – of the annual casino industry trade show and conference held in Macau.

“G2E Asia right now is moving into areas that are more IR-driven,” she told GGRAsia on the sidelines of a media event in Macau on Thursday, and referring to “integrated resorts”.

So far 50 exhibiting organisations have been signed for the 200-square-metre (2,153-sq-foot) area – on the main show floor at the Venetian Macao – that will be dedicated to the art segment. The art-related exhibitors are from “all over the world”, the Reed Exhibitions executive added.

“We launched this because of the survey we have conducted with a number of IR properties and presidents,” Ms Lee told us.

Ms Lee added: “There are a lot of new hotels with design elements in them, and they also want to give a very special experience to the audience.”

A number of Macau casino hotels has specialised in featuring original pieces of art, some by world-famous artists.

In the case of Wynn Macau Ltd’s two Macau properties, some of the works were originally acquired by the founder and former chairman Steve Wynn, although subsequently came under the control of the casino group. In the case of MGM Cotai, run by MGM China Holdings Ltd, the property was slated – prior to launch – to have 300 or more artworks. The firm said at the time of the venue’s February 2018 launch the collection was worth HKD100 million (US$12.7 million).

IR interest

Ms Lee said regarding G2E Asia 2019: “We hope we can bring the hotels – IRs – to come in and buy nice art pieces.”

But she added the show segment was about “art business” in general, not just a showcase to exhibit individual pieces.

“It is not only the displaying of art, but art business: leasing; commissioning of art,” she stated. “Nowadays a number of hotels are not only buying [art] but also lease [pieces],” Ms Lee further noted.

Though she added the core of G2E Asia remained the gaming equipment suppliers and the gaming industry.

“Without gaming there is no non-gaming” in the IR context, the Reed Exhibitions executive stated.

In January G2E Asia announced another new show segment for 2019, on financial technology or “fintech”. The exhibitors for that segment are said to include promoters of blockchain applications. According to proponents of the technology it offers secure digital storage of value and of accounting.

Some providers of online gambling services have an expressed an interest in using blockchain in their operations.

The Monetary Authority of Macao issued in June 2014 – and reiterated in September 2017 – that cryptocurrency, a technology often associated with blockchain, was “neither a legal tender nor a financial instrument subject to supervision” of the Macau authorities.

GGRAsia asked Ms Lee whether Reed Exhibitions – given that the Macau government had previously asked casino trade shows in the city not to accept online gaming exhibitors – had consulted the local authorities about this year’s fintech segment.

She told us: “The issue is more with online gaming, which we don’t have.”

She added, referring to the local trade promotion body and overseeing authority for meetings and conferences, the Macao Trade and Investment Promotion Institute (IPIM): “As with any [Macau] exhibitions, we need to submit a list of exhibitors to IPIM to approve and ensure all the exhibitors we have recruited – and all the exhibitors on the floor – have the blessing of the Macau government.”

The 2019 edition of the trade show will be the 13th consecutive event, and will be held at Cotai Expo at the Venetian Macao from May 21 to May 23.


  • tweet
Related articles
  • G2E Asia 2021 delayed to August from May, amid pandemic
    G2E Asia 2021 delayed to August from...

    Jan 14, 2021  

  • Nevada casino capacity halved to 25pct amid rise in virus
    Nevada casino capacity halved to 25pct...

    Nov 23, 2020  

More news
  • UA Galaxy Cinemas normal as HK ops cease: Galaxy Ent
    UA Galaxy Cinemas normal as HK ops...

    Mar 08, 2021  

  • Galaxy’s Lui hopes Macau 2H better amid vaccine rollout
    Galaxy’s Lui hopes Macau 2H better...

    Mar 08, 2021  


Latest News

UA Galaxy Cinemas normal as HK ops cease: Galaxy Ent

UA Galaxy Cinemas normal as HK ops cease: Galaxy Ent

Mar 08, 2021  

UA Galaxy Cinemas, the multiple-screen cinema facility at the Galaxy Macau casino resort, is operating as usual, the resort promoter Galaxy Entertainment Group Ltd has confirmed to GGRAsia. In...
Read More
Galaxy’s Lui hopes Macau 2H better amid vaccine rollout

Galaxy’s Lui hopes Macau 2H better amid vaccine rollout

Mar 08, 2021  

Pace of Macau GDP decline slows in 4Q amid tourism gains

Pace of Macau GDP decline slows in 4Q amid tourism gains

Mar 08, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“Construction work is progressing smoothly and even though the Covid-19 outbreak has impacted our original timeline, we remain committed to this groundbreaking project"

Grant Johnson

Property general manager of City of Dreams Mediterranean



Most Popular

  • Lim Kok Thay, GEN Singapore execs in US$1.3mln stock awardLim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021
  • Las Vegas Sands to sell off Nevada assets for US$6.25blnLas Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021
  • Pansy Ho again cuts stake in MGM Resorts, for US$57mlnPansy Ho again cuts stake in MGM Resorts, for US$57mln March 4, 2021
  • LVS plans to keep U.S. base, stock listing: spokesmanLVS plans to keep U.S. base, stock listing: spokesman March 4, 2021
  • Fitch says LVS Nevada sale a negative, Moody’s keenerFitch says LVS Nevada sale a negative, Moody’s keener March 5, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us