Thursday, December 5, 2024

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Galaxy Entertainment confirms sole focus on Bangkok IR project

Galaxy Entertainment Group has confirmed its interest in pursuing an integrated resort (IR) project only in Bangkok, despite Thailand's plans to issue around five gaming licenses across the country.

Daily Asia Gaming eBrief: AI about turning complex information to strategic clarity

Depending on who you’re talking to, Artificial Intelligence (AI) may seem like the best thing that’s been invented. In the world of iGaming, this means translating the loads of data flooding in to devise operable estimations for operators, says Blask’s CEO. Not an easy task. Meanwhile, Macau has high hopes for 2025, tipping GGR estimates at $29.7 billion, above some analysts' expectations. And in the Philippines, GGR hit another record in 3Q24, at $1.6 billion, with strong growth in the eGames segment.

Bloomberry sees drops in VIP in 3Q24, Entertainment City compensates Solaire North earnings

Bloomberry Resorts Corporation saw a 22 percent increase in gross gaming revenue (GGR) during the third quarter, with the first full quarter contribution by its new integrated resort Solaire Resort North.

Thailand’s Tourism Minister urges business support for country’s entertainment complex

Thailand’s Tourism Minister Sorawong Thienthong is seeking the backing of business leaders to help move forward the country's plans for a multi-faceted entertainment complex.

Thailand’s ruling party advocates entertainment complexes to boost economy

Thailand’s ruling Pheu Thai Party is championing its casino-entertainment complex initiative as a means to legalize underground gambling and generate tax revenue for the government.

Daily Asia Gaming eBrief: Social impact concerns of Thai IR bill raised

Thailand's draft bill for entertainment complexes is moving forward, with potential revisions to location and operational details expected before its introduction next year, following public hearings in August. This comes as concerns about social impacts and gambling addiction have been raised by industry leaders, highlighting the need for clear regulations and careful planning for the complexes. Meanwhile, the Australian government is considering significant restrictions on gambling advertising, which could include a complete ban on digital ads and a prohibition on television commercials before and after sports broadcasts. Moving to the UAE, MGM Resorts CEO Bill Hornbuckle has confirmed the group has already officially submitted a request for a license in the country.

Thailand PM gives first policy address, statement highlights benefits of entertainment complexes

In her inaugural policy address to Parliament on Thursday, Thailand’s new Prime Minister Paetongtarn Shinawatra focused on financial stability and how to increase government revenue, including the development of mega-projects such as entertainment complexes.

Entertainment complex law takes center stage in Thailand’s new policy agenda

Thailand's new prime minister, Paetongtarn Shinawatra, is set to officially unveil her policy agenda this week, with the "Entertainment Complex Law" emerging as a key highlight.

Macau gaming struggles to return to pre-COVID heights as growth factors disappear: Study 

A new paper on the post-pandemic reality of Macau’s gaming industry states that while the current situation is favorable, returning to pre-pandemic heights will be challenging. The main reason is that the factors that once drove Macau's rapid growth are disappearing.

Experts divided over Thailand successfully creating an attractive casino environment

Top experts are divided about the potential for Thailand to successfully move forward with an effective, realistic, and long-lasting casino industry which will be attractive to top international gaming operators.

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