Good Morning. Increased regulation is a long-term positive. So says Entain’s APAC director Michael Charlton, as he notes that the move to compliance could allow the firm to move back into the Asian markets it has currently distanced itself from. In Japan, Osaka appears to be moving closer towards a decision, with possible updates on Friday, even as Nagasaki is delayed. In Macau, gaming still appeared to be a strong driver of visitation over the recent holidays, despite an insider warning that the territory is ill-prepared for further influx, as manpower shortages remain.
What you need to know
- Entain’s APAC director says that Asian markets’ move to better regulate sports betting will be a long-term benefit to the industry.
- Japan moves closer towards its first integrated resort, with details on Osaka expected this week, even as Nagasaki stalls.
- Macau’s casino properties saw higher visitation than their non-gaming-only counterparts over the recent holiday season.
- Tourism sector in Macau still ill-prepared for large influx of visitors, as the drop in non-resident workers continues manpower shortage.
On the radar
- TurboJet to increase ferry frequency between Macau and HK in mid-May.
- Queensland sees a strong slot revenue uptick in March.
- Labor shortage and rising costs threaten Macau’s recovery.
- Delta Corp sees strong increase for fiscal year.
- Taiwan sets up designated police squad to crack down on organized crime.
- APE becomes sole Macau/South Korea distributor for Moniko.
Entain welcomes increased regulation in Asia
Asia’s shift to more regulation on sports betting is positive for Entain, explains Asia Pacific Director Michael Charlton. A strong example is the Philippines, with PAGCOR moving increasingly to partner with the industry to ensure regulation and compliance, while still leaving the door open for profits.
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