Good Morning. Prove it. That’s what Macau authorities have effectively said to operators, by launching a new statistical evaluation mechanism for their non-gaming efforts. A scholar notes that the move could be beneficial in the long term, but doubts remain as to whether diversification demands can meet expectations. And in the Philippines, Bloomberry is expected to see strong yearly results, up 23 percent according to Maybank. Meanwhile, the Macau Jockey Club is being mandated to fulfill its concession contract, finally.
What you need to know
- A new statistical category in Macau urges gaming operators to meet non-gaming obligations and reduce the proportion of the gaming industry.
- Maybank has announced a 23 percent increase in its FY23 earnings forecasts for Philippine operator Bloomberry Resorts.
- Macau Jockey Club will have to fulfill concession contract requirements, still too early for full-year GGR predictions: Secretary.
On the radar
- Australia to ban credit cards and digital currencies for online gaming.
- BlackCat MGM hack due to impersonation of employee found on LinkedIn.
- Caesars to pay out millions to hackers due to system breach: report.
- New Thai gov’t approves visa-free scheme for Chinese tourists.
- PH authorities ‘closely monitoring’ Chinese workers in the country.
Macau authorities are upping the ante, as they have now created a way to publicly evaluate gaming operators’ investment and effectiveness of their diversification attempts. The move, notes a scholar, means that companies need to not only justify their spend, but also prove that it’s having returns, a difficult scenario amongst an economy so historically dependent on gaming.
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1xBet was founded in 2007 and started accepting bets online in 2010. Over the years, 1xBet has become a key player in the sports betting industry and is now one of the top three most visited betting websites.
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