Good Morning. As we count down to the return of the ASEAN Gaming Summit in July, we run the first in a series of features focused either on the Philippines, or offering a preview of some of the content that will be explored in more depth at the show. Kicking off the series, Joe Pisano, CEO of Jade Entertainment, calls for more urgent action to tackle rampant illegal gambling in the Philippines, with turnover estimated in the trillions of pesos.
What you need to know
- Macau’s June gross gambling revenue (GGR) is likely to be 85 percent below its 2019 level, said analysts at Bernstein who cut their forecast for a contraction of 80 percent.Â
- The Mae Sot area on Thailand’s border with Myanmar is being eyed as a potential location for an integrated resort with a casino.
- Gambling revenue from clubs and hotels in Queensland, Australia, rose 14.1% in May compared with the prior year and was up 3.4 percent from the prior month.
On the radar
- Macau cross-shareholding ban to prevent collusion.
- SkyCity benefiting from domestic tourism, reopening.
AGB Intelligence
COUNTDOWN – ASEAN 2022
More action needed to quash Philippines rampant illegal gambling
Despite government efforts, the illegal gambling market in the Philippines is thriving, with turnover likely to be in the trillions of pesos. Joe Pisano, CEO of Jade Entertainment, writes that the public and the government need to take more action to combat the problem and reap the benefits the industry can provide. This is the first of a series of features as we count down to the return of the ASEAN Gaming Summit in Manila in July.
Industry Updates
- Pragmatic Play launches bespoke live studio with Betway.
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