Good Morning. A dying breed with a new role—that’s how 2NT8 Limited’s Managing Director Alidad Tash described junkets in the ‘new normal’ after a new gaming law was introduced in Macau and the Chinese government crackdown on illegal activities associated with the trade. Tash also delved into the need for Macau authorities to provide more guidance to operators on how they intend them to invest in non-gaming.
Meanwhile, Philippine retail gaming provider, DigiPlus, has claimed the top spot on the Philippines Stock Exchange, outperforming nearly 300 listed companies in terms of stock price growth, with a 232 percent jump throughout 2023. Gambling legislation that had been submitted into the Curacao parliament is also facing a tough road ahead as legislators and lawyers in the Caribbean island rejected the bill and criticized its drafting.
What you need to know
- Macau: the demise of junkets, MGM China’s rise and advantage with RFID, the new role of non-gaming – with Alidad Tash.
- DigiPlus Interactive Corp became the best-performing stock on the PSE last year, with the stock price increasing by 232 percent in 2023.
- Curacao’s new gambling legislation rejected by parliament and criticized by lawyers.
On the radar
- Tak Chun’s boss Levo Chan receives reduced sentence in Macau court.
- Macau’s Tourist Price Index surges 26 percent in 4Q23 due to hotel prices.
- VGCCC forces Tabcorp to make most betting terminals cashless.
- Sri Lanka receives applications for 10 new casinos.
AGB Intelligence
FACE TO FACE
Junkets: a shadow of what they used to be – Alidad Tash
2NT8 Limited’s Managing Director Alidad Tash discussed the reduced role junkets hold in the Macau gaming industry at the moment, as they lost the power to provide gaming operators to lure gamblers from the mainland and move large amounts of cash to VIP rooms in the city.
Corporate Spotlight
1xBet sums up 2023: Innovations, awards, partners and winnings
1xBet is writing a success story with you and is happy to share its achievements in 2023. During 2023, 1xBet extended sponsorship agreements with world-famous sports clubs, cooperated with new partners and ambassadors, collected awards, and paid millions of dollars in winnings!
Industry Updates
- THE KARL LAGERFELD MACAU honored with “Best Arts and Humanities Hotel”.
- iGP and Amigo Gaming agree to an iGaming Deck aggregation partnership.
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