Good morning. Little by little, step by step. Thailand is inching closer towards its goals to open an entertainment complex with a casino before Japan does so. A recent public hearing saw very solid approval ratings towards the government’s plans. However, multiple hurdles still need to be cleared. Meanwhile, the Hong Kong Jockey Club is facing significant challenges, after slowdowns in multiple segments, including illegal betting and, surprisingly, competition from Macau’s casinos.
What you need to know
- 80% of public hearing attendees back Thailand’s casino plan, paving the way for a regulated entertainment complex amid high local support.
- HKJC racing down due to illegal betting, outbound travel and ‘aggressive’ Macau casino marketing.
On the radar
- Alice Guo back in Manila, faces decades if convicted of money laundering.
- South Korea’s Kangwon Land gets approval to expand casino.
- Super Typhoon Yagi severely restricts travel to Macau.
- AGEM Index rises by 5.5 percent in August, led by Konami.
- Creditors of IPI continue to oppose sale price of casino property.
- No report yet on displaced POGO workers: Labor Secretary.
AGB Intelligence
THAILAND
Public hearing supports advancement with entertainment complexes
A public hearing on Thailand’s plan to move ahead with entertainment complexes featuring casinos saw massive support, with an 80 percent approval rating. This bodes very well for the next steps towards legislation and implementation, after a tumultuous period mixing politics and public sentiment, clouding clarity for investors. Multiple steps are still necessary for full authorization, however the sky is looking brighter for interested operators.
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
- Sands China and Agoda join hands to promote tourism diversification in Macau.
- DATA.BET introduces Pitch Tracker for Esports Betting.
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