Good Morning. Asian gaming has returned to normality, with Macau grabbing its crown again and the Philippines expected to see continued growth. Expert Michael Zhu points out what’s new and exciting regionally in this week’s Face to Face interview. Meanwhile, in Singapore, Fitch is projecting a 10 percent rise in GGR for next year. And looking at the Macau market, MGM China’s Pansy Ho reaffirms that its diversification goals will not hamper casino revenue increases.
What you need to know
- Asian gaming is undergoing a strong resurgence, with exciting new developments. We take a look with gaming expert Michael Zhu in this week’s Face to Face.
- Fitch projects 10 percent growth in Singapore’s gaming revenue in 2024, following a 15 percent surge in 2023.
- Reaching its diversification goal will not prevent MGM China from achieving casino revenue growth, notes the group’s Executive Director.
On the radar
- Four Suncity-linked detainees were denied release from prison by Macau court.
- China and Singapore to launch bilateral visa-free policy as early as 2024.
- SkyCity lowers estimates for FY24, EGM revenue down.
- Macau gaming operators present non-gaming investments for 2024.
- Wynn Macau grants 5mln in share options to five non-executive directors.
- AGA elects Everi’s Michael Rumbolz as its new chairman.
AGB Intelligence
FACE TO FACE
State of play of Asian gaming with Michael Zhu
Macau continues to hold its gaming crown, the Philippines will see continued growth, Thailand could see a casino even before Japan, and up to half of the Emirates could be seeking casino licenses. Expert and independent consultant Michael Zhu breaks down the state of play in Asian and regional gaming in this week’s Face to Face.
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