Good Morning. What a start to the week. Monday kicked off with Thailand’s government saying it would pull the proposed casino bill from discussion in parliament, stomping on hopes of potential investors that the legislation could pass despite the political controversy. Meanwhile, in the Philippines, the president has expressed openness to further regulate and tax the online sector, even as legislators propose bills to ban it. Some good news in Macau though, as July GGR saw an uptick so far, boosted by increased summer visitation and big-name concerts.
What you need to know
- Thailand’s government opts to withdraw casino legalization plans due to internal political strife and a weakened coalition.
- The Philippine President has expressed support for increased regulation of the online sector, but has not proposed an outright ban.
- Concerts and summer tourism helped support a 30 percent increase in gross gaming revenue in Macau in early July.
On the radar
- Queen’s Wharf Brisbane negotiations deadline pushed to July 31st.
- DigiPlus launches $106M share repurchase program.
- MIXI receives approval in Ontario for PointsBet share purchase.
- AGEM Index jumps 43.1% year-on-year in June.
- US court rules in favor of Genting in $600M Resorts World Bimini case.
AGB Intelligence
THAILAND
Thai government opts to withdraw the casino bill
Thailand’s exciting effort to push through casino legislation appears to have met a brick wall, at least for now. The government has decided to pull the controversial bill from parliament just ahead of a planned debate on Wednesday, claiming the move is to clear up any public doubts on the issue. The move is likely to upset highly interested investors, who had high hopes to be in on Asia’s next top gaming jurisdiction.
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Industry Updates
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INTELLIGENCE | ASEAN | CAREERS
