Good morning. All eyes are on Thailand and the UAE, as Morgan Stanley projects that these two emerging markets could each contribute $3-5 billion annually in gross gaming revenue (GGR) to the global market. Wynn’s UAE project is poised to benefit from a growing affluent population and increased tourism in the region. Meanwhile, in South Korea, tourism experts are urging the government to establish a dedicated regulatory body for gambling to support the sustainable growth of integrated resorts and address public concerns. In Macau, tourism authorities have raised their Golden Week visitor projections to 130,000 daily, anticipating record arrivals fueled by favorable policies and strong early performance.
What you need to know
- Morgan Stanley forecasts growth in global gaming, highlighting Thailand and UAE’s potential to add $3-$5 billion in GGR annually each.
- Tourism experts call for South Korea to form a gambling regulatory agency to oversee integrated resorts and mitigate addiction risks.
- Macau raises its Golden Week visitor forecast to 130,000 daily, driven by encouraging early numbers and high hotel occupancy.
On the radar
- Light & Wonder to convert “Dragon Train” in compliance with injunction.
- Macau gaming stocks surged following China’s stimulus package: CBRE.
- Paradise Co sees a 16.5% drop in casino revenue YoY in September.
- Jeju Dream Tower casino sales up 24.7% YoY in September.
- MGM China market share declines in 3Q24, GGR below expectations: DB.
- Macau allocates land for airport expansion to up passenger capacity to 15M.
- Robinsons plans $177M investment for new luxury hotels across Philippines.
AGB Intelligence
UAE
Thailand and UAE to generate billions in GGR annually
Morgan Stanley projects that Thailand and the UAE could contribute $6-10 billion in annual GGR. With Wynn’s UAE integrated resort project poised for success and Thailand’s robust tourism sector, these markets have the potential to reshape the gaming industry, contingent on regulatory developments.
Corporate Spotlight
Altenar brings premium sportsbook solution to Asia
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1xBet: The most popular gambling games and slots in Asia
For global betting company 1xBet, Asia is a key market for several reasons. This is why 1xBet pays special attention to the Asian market and actively promotes its sports betting platform and the most popular gambling games on the continent.
Industry Updates
- Evolution debuts first live casino studio in Czech Republic.
- SJM represents Macau in the ‘Gastronomic September’ event in Italy.
- Pragmatic Play launches high-seas adventure The Dog House Muttley Crew.
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