Your Daily Asia Gaming eBrief: Cambodia industry shakeout

Tourists at Angkor Wat, Cambodia

Good morning. iGamiX senior associate for Indo-China, Daniel Li, expects Cambodia’s casino capital requirements to have an impact on the number of properties in operation but ultimately lead to a more professional industry in the long term.


What you need to know

MGM China reported a market share increase for 3Q21 on a GGR uptick of 12% over the Macau market. Vaccination rollouts to ease travel restrictions.

South Korea’s foreigner-only casinos reported mixed fortunes in October, with luck boosting revenue at Paradise Co. to double, while Grand Korea Leisure saw a slight decline.

Caesars Entertainment said its 3Q21 revenue almost doubled, driven by a strong performance from both its Las Vegas and regional casinos.

Scientific Games has announced the acquisition of Malta-based Authentic Gaming to expand into the rapidly growing Live Dealer Casino market.


On the radar

  • Aristocrat signed licensing deal to develop NFL-themed slot games
  • Everi swings to profit as revenue surges 56%, driven by gaming ops

What the papers say

Your Daily Asia Gaming eBrief: Cambodia industry shakeout

AGB Intelligence


ON THE GROUND

Angkor wat Cambodia

Capital rules may lead to Cambodia industry shakeout

Daniel Li, iGamix
Daniel Li, Senior Associate, iGamiX

Cambodia’s new casino capital requirements are likely to lead to a shakeout in the number of casinos, but will lead to a more professional industry in the longer term, says Daniel Li, senior associate for Indo-China business development at iGamiX Management & Consulting. “There will be a change in the way the business model will work for smaller casino operators,” Li said. “It won’t necessarily be consolidating, but more like a tenant looking at leasing space from more established casinos who do meet the requirement. They have about 12 months to consider either expanding their footprint and investing in their footprint, or they can look at working with a bigger entity.”


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