Good Morning. The Philippine Inland Gaming Operators (PIGOs) are looking to expand, as the space gets increasingly crowded, with the need for new products and, potentially, new markets. In Japan, questions over the feasibility of the Osaka Yumeshima IR are causing some bankers to balk, even as high estimates for returns should shield potential risk.
What you need to know
- Inland Gaming Operators in the Philippines have a ripe market, but are encountering increasing competition, note experts.
- MGM Resorts’ Osaka integrated resort plans are running into financing hiccups, as some lenders choose to bide their time: reports.
On the radar
- Sands China President: premium mass and mass recovering.
- Crown Melbourne to implement strict anti-money laundering policies.
- China’s tourism recovers to 120% of pre-COVID levels.
- Tabcorp unveils AI-driven responsible gambling technology.
AGB Intelligence
PIGOS
Overcrowded space, but PIGOs looking to diversify
The Philippine Inland Gaming Operators (PIGOs) have now expanded to at least 20, with the space becoming increasingly crowded, note operators. Cracking down on illegals is key – but via inflection points, the payment providers and facilitators. And while the Philippine regulatory authorities are open to discussion and partnership, operators still have some qualms to air.
Industry Updates
- PLAYSTUDIOS secures content license from IGT.
- Fourth Annual Sands Shopping Carnival returning this summer.
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