Good Morning. Macau’s very own Ciarán Carruthers addressed Crown’s thousands of employees across Australia as the company’s new CEO. While a far cry from the 2019 base, Macau can expect a 70 percent GGR uptick in September. The saga continues at Okada Manila.
What you need to know
- Bernstein remains ever optimistic, forecasting a 70 percent uptick in monthly GGR for September, down 83 percent from revenues raked in 2019.
- Okada Manila saga continues as ousted Antonio Cojuangco’s camp turns to the Court of Appeals following PACOR’s order to stand down from property operations.
On the radar
- Ciarán Carruthers addresses Crown Resorts’ team as CEO.
- Japan Casino Regulating Authority submits FY2023 budget.
ON THE GROUND
Senior industry executive and author Daniel Cheng shares Part II of his on-the-ground insight into Singapore’s colossal operations and how the tables might turn, as the venerable Malaysia resort recruits ex-MBS industry juggernaut, Andrew MacDonald, to lead the charge.
Read Part I of Genting’s Tale first for the full insight.