Wednesday, June 19, 2024
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Daily Asia Gaming eBrief: MGM China breaking records again in the first quarter

Good Morning. The lion continues to roar. MGM China posted record-breaking results again for the first quarter, showing how the group is clawing out even more market share and truly leveraging its Cotai Strip property for maximum gain, particularly from the mass segment. Meanwhile, China’s sentiment on Macau is positive, with new visa policies to help in the short-term but with mid- and long-term impacts uncertain so far. And further abroad, Melco’s City of Dreams Sri Lanka is estimated to hit GGR of up to $250 million, as management anticipates a $125 million investment in the casino project.

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AGB Intelligence

MACAU

MGM China hits new records in first quarter

Macau continues to be a golden goose for MGM China, with the company breaking records yet again in the first quarter, driven by strong results and heady visitation. The group continues to steal market share from other operators, with its Cotai property performing impressively. Property EBITDA saw particular advances as the group focused on the mass market and aimed to cut down costs, driving triple-digit advances when compared to 1Q19.


Corporate Spotlight

Fast Track leading digital transformation in Asia’s iGaming sector

Fast Track, Igaming CRM, Asia

Fast Track is setting new standards in CRM for the iGaming industry across Asia, as underlined at the ASEAN Gaming Summit 2024. Harnessing the power of real-time data, AI-driven automation, and personalized player engagement, Fast Track’s innovative solutions are responding to the industry’s expansion and actively shaping its evolution.

A complete guide to the 1xBet affiliate program

A complete guide to the 1xBet, affiliate program

1xBet, a leading global betting company, introduced its affiliate program in 2016, quickly becoming renowned within the industry and earning recognition at the SBC Awards.


Industry Updates


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AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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