Good morning. Happy Holidays! The festive season never disappoints, so let’s quickly recap. In Macau, junkets and operators are partnering up, finding a new model for collaboration. In the Philippines, the Quadcom Committee pushes three bills aimed at killing POGOs for good. Meanwhile, Japan and South Korea aim to increase Chinese tourism via new policies. Also, the Philippines finally gets praise for its AML/CFT improvements. And back to Macau, it’s bonus season at SJM, even as official data show last year equated to a booming increase for gross national income, bolstered by strong gaming returns.
On the radar
- Macau junkets and operators test collaborative business model: Association.
- Three bills filed targeting POGO operations/assets/documentation.
- SJM announces special discretionary bonus covering 98% of staff.
- Japan and South Korea to ease visa policy for Chinese tourists.
- IMF praises Philippines’ efforts on resolving AML/CFT issues.
- Macau Gross National Income boomed in 2023 after COVID restrictions dropped.
Industry Updates
- Sands China honors Outstanding Team Members at ‘Because We Care’ Awards.
- Digitain launches new slogan and vision for upcoming ICE Barcelona.
- FIBA signs 3-year agreement with global betting company 1xBet.
Corporate Spotlight
From Underdogs to Elites: The MongolZ’s Ascent to World’s Top 3
Established over a decade ago, The MongolZ has experienced numerous roster changes. However, in 2023, The MongolZ made a triumphant return, fueled by a robust partnership with 1xBet and the emergence of a new generation of talented Mongolian players.
Altenar brings premium sportsbook solution to Asia
Altenar, a leading sportsbook provider is bringing its global expertise to Asia, looking to expand its operations. Since 2011, Altenar has powered hundreds of online sports betting sites worldwide and is a major B2B provider in Europe and Latin America licensed markets.
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