Your Daily Asia Gaming eBrief: Casinos, pubs expect increased slot replacement spend in 2021

Good morning. J.P. Morgan Australia equity analyst Don Carducci has observed much-improved business confidence from slot venues this year compared 2020, with 90 percent of gaming venues intending to maintain or increase their slot replacement spend over the next year.

What you need to know

  • Star Entertainment Group has found itself in the firing line of a media investigation very similar to the one that exposed Crown’s money-laundering failings some two years ago. 
  • ILGA on Monday said that the suspension of Crown Sydney’s gaming license is still in place and that its stance “has not changed.”
  • Macau’s six operators are likely to post an industry-wide EBITDA loss of $23 million in 3Q21, due to Covid disruptions in August and September, Morgan Stanley notes.
  • Sands China’s experience in running casinos was likely the deciding factor in tipping a bid for a Macau license in Galaxy Entertainment’s favor, a witness told a court.
  • NSW ended its 106-day lockdown, lifting stay-at-home orders for fully vaccinated and those with medical exemptions after reaching a 70% full vaccination rate.

On the radar

What the papers say

  • Rules to prevent local Goans from entering casinos still not implemented
  • Governor says $8m of IPI’s 2019 license fee available for appropriation
  • Former Wynn Macau president facing years in federal prison over college admissions scandal.
  • Dream 11 suspends operations in Karnataka due to online gambling ban

AGB Intelligence


Casinos, pubs expect increased slot replacement spend in 2021

As many as 90 percent of gaming venues surveyed in the recent J.P. Morgan 12th Annual Slot Survey said they intend to maintain or increase their slot replacement spend over the next year, with Aristocrat Leisure’s machines remaining their top pick for floor space.  Analysts from J.P. Morgan Australia, including equity analyst Don Carducci, said the results signify much-improved business confidence from their 2020 Slot Survey, which saw only 55 percent of venues expecting to maintain or increase their replacement spend.



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AGBriefings Magazine October