Good Morning. Evolve or die. While such an extreme may not be true for Thailand, regional competition is proving that it can either face the realities of being a casino nation or continue to bleed out revenue to neighboring regions. An expert says a desire to emulate regional success in Singapore and the Philippines could be a meal ticket. Meanwhile, in Macau, Golden Week brought its typical shine, with premium mass performing strongly compared to pre-pandemic levels.
What you need to know
- Thai officials have an increasing interest to emulate the economic success of Singapore and the Philippines, says a gaming expert.
- During Golden Week, Macau’s premium mass rooms saw a 94 percent increase in average player wagers compared to 2019: Citigroup Table Survey.
On the radar
- Macau 4Q23 hit by new typhoon but casinos not forced to shutter.
- Online gaming tax not being applied retrospectively: Indian gov’t.
- Macau welcomed 932,000 visitor arrivals during Golden Week.
- Cape Verde to revoke Macau Legend gaming concession.
AGB Intelligence
THAILAND
Nation to be “left behind” by rivals unless it embraces gaming
An expert says that Thailand runs the risk of being “left behind by its neighbors” unless it embraces gaming in the country. While initial talks boded well for Thailand to progress with not only casino gambling, but also online gaming and sports betting, efforts appear to have slowed. Spectrum Gaming Group’s CEO points out some of the challenges and advantages for the country to push forward with a drive that could prove highly beneficial economically.
Corporate Spotlight
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All you need to know about 1xBet affiliate program
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Industry Updates
- Light & Wonder to unveil Squid Game slot at G2E.
- OneTouch conjures spellbinding wins in Wild Voodoo.
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