Good Morning. Much of the industry’s success in the Philippines is due to the participation of regional operators catering to a solid local market. In today’s ASEAN 2022 Findings Series we bring you the Regional Property Updates, directly from the top: Trevor Hammond, NUSTAR; David Lawrence, Thunderbird; and further afield from Cambodia, Tim McNally, NagaCorp. Closer to home, FITCH doesn’t believe quarantine tweaks are likely to solve Hong Kong’s troubles.
What you need to know
- Wynn Macau underperformance catalyzed brokerages to conservatively revise the target price of shares. Interactive, US among the quarter’s highs.
- Light & Wonder reported a three-fold widened net loss for 2Q22 at $150 million, as refinancing transactions transform the company’s balance sheet.
On the radar
- Landing International issues profit warning on gaming business uptick.
- Quarantine tweaks unlikely to solve HK’s economic troubles: FITCH.
- Light & Wonder appoints Roxane Lukas as Chief People Capability Officer.
AGB Intelligence
ASEAN 2022 – FINDINGS
Philippines’ industry success owed also to regional operators
The Philippines’ incremental revue growth quarter after quarter comes to confirm predictions that the jurisdiction is poised to be one of the best-performing markets in Asia going forward. Much of the industry’s success is due to the participation of the country’s regional operators catering to a solid local market. In today’s ASEAN 2022 Findings Series we bring you the Regional Property Updates, directly from the top: Trevor Hammond, Vice President and OIC of Gaming and IR – NUSTAR, David Lawrence, Casino GM – Thunderbird, and further afield, Tim McNally, Chairman – NagaCorp.
The report is part of an ASEAN 2022 Series, bringing you discussions around the industry’s challenges and opportunities at the in-person event in Manila. Tune in tomorrow for more!
Industry Updates
- Openbox Gaming granted IoM supplier licence, focusing on Asia.
- BETER to launch reinventive esports betting iFrame solution.
- BetMGM taps Jerry Ferrara as brand ambassador, content creator.
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