Good Morning. The failed project The 13 continues to baffle many in the industry, with gaming expert Ben Lee explaining to AGB that the project proves that timing, location and having the right people are much more important than money. It is also not easy to be a POGO right now, as Philippine senators have once again called for a comprehensive ban on Philippine offshore gambling operators following the bust of a sex trafficking ring in Pasay City, near Manila.
What you need to know
- Under the Scope: The 13 is proof that not every casino project will make money with gaming expert Ben Lee explaining the main takeaways from the failed project
- Philippine senators are once again pushing for a POGO ban after the Pasay City sex trafficking raid.
On the radar
- DigiPlus purchasing 100 percent of subsidiary Gamemaster.
- PAGCOR slates PHP10 million linked bingo games on December 10th.
- Macau hotel occupancy rate at 78.6 percent in September: Govt.
- Rich Goldman mulls departure from gaming investments.
- IGT CEO Vince Sadusky: 3Q23 results showed “excellent momentum”.
AGB Intelligence
MACAU
What can we learn from the failed The 13 Hotel project?
In its Under the Scope section, gaming expert Ben Lee explained what lessons the industry should take from the failed The 13 Hotel project in Macau. The property, once touted as the most luxurious in the region, ended up having many issues going against it, namely location, lack of a casino, and its general appeal to mainland punters.
Corporate Spotlight
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All you need to know about 1xBet affiliate program
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Industry Updates
- Yggdrasil unearths prehistoric rewards in Wild Stack Frenzy.
- ESA Gaming lauds landmark 60th aggregation partner with Wazdan deal.
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