Good Morning. It’s comparison time, as IGamiX Managing Partner Ben Lee takes a look at three top Asian gaming hubs: Macau, the Philippines and Singapore, and describes which operators gained most and which lost out as demographics, legislation and visitation shifted. The Philippines, for example, has witnessed a considerable development according to Lee, thanks to the “fantastic growth seen in Manila”. Meanwhile, S&P Global Ratings expects that Macau’s real GDP will rebound strongly by about 78 percent in 2023 and then 10 percent in 2024.
What you need to know
- Under the Scope: major winners and losers of market share in 2023 – Macau, Philippines and Singapore – with Ben Lee.
- S&P Global projects that, due to the normalization of gaming activities, Macau’s GDP could increase by another 10 percent this year, following a 78 percent surge in 2023.
On the radar
- Macau hotels host more younger guests in post-Covid era, notes industry expert.
- Okura to close a pachinko hall in Nagasaki City due to continuous losses.
- China’s lottery sales down by 2.5 percent in November.
- Albee Benitez offloads 66 million DigiPlus Interactive shares.
AGB Intelligence
UNDER THE SCOPE
Winners and losers of 2023: Macau, Philippines and Singapore
Gaming operators across Asia saw a resurgence in 2023, with COVID restrictions being lifted. But not all operators are on the same footing as they were in 2019. IGamiX Managing Partner Ben Lee takes a look at Macau, the Philippines and Singapore, seeing who gained and lost the most market share when compared to the pre-pandemic period in this week’s Under the Scope.
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