Good morning. It feels like Macau’s Wild West. A stone’s throw away and yet a world apart, Hengqin Island has been buzzing with tourists since May 2020. If China’s government has its way, the island and the world’s largest gambling hub, will become an integrated tourism zone that will drive diversification of Macau’s economy. The operators are likely to play a key role.
Need to know
- Bloomberry Resorts said it swung back to a profit at the EBITDA level in 3Q21, despite the casino having been closed for 41 days during the period.
- Mohegan Gaming & Entertainment has pulled out of plans to build an IR in Greece to focus its attention on developing Inspire Korea.
- Metro Manila’s Covid restrictions have been eased, allowing the capital’s casinos to operate at 50 percent capacity.
On the radar
- Chinese police arrest 142 for arranging gambling trips to Tigre de Cristal.
- Fitch has assigned Empire Resorts a final “B+” long-term issuer default rating.
- AGA has announced the appointment of Jim Allen as its next chairman.
AGB Intelligence
DEEP DIVE
Hengqin buzzing with tourists and building out attractions
Hengqin’s proximity to China’s casino gambling monopoly makes the region an enduring and unshakeable draw for the nation’s consumer class. Meanwhile, existing and future transportation links have capacity to deliver tens of millions more visitors to the island annually.
Industry Updates
- Pragmatic Play announces Mexican-inspired launch, Big Juan
Supplier Special Report
APE: Moving ahead with partners
Over the past year, APE has been keeping abreast of industry trends. In November, APE will participate in the MGS 2021 online summit and its international partners and suppliers will showcase their latest products via video. Jumbo Technology from Taiwan will showcase the new fishing game – OCEAN PHOENIX. Konami Australia will introduce The DIMENSION 27.
1XBet: Events highlight value of human communication
The betting industry picked up steam again by the end of 2021. The volume of bets and gambling offers grew, as did the information for innovation. The format of international exhibitions is ideal for exchanging such information with old partners and establishing contacts with new ones.
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