Good Morning. Last week, the Las Vegas tourism board released the results of its 2021 Visitor Survey, which aims to understand the typical traveler to Las Vegas – what they get up to whilst they’re there, and more importantly, how they spend their time when gambling. This week, our infographic aims to compare this with three other gambling markets in Asia-Pacific, including Australia, Singapore and Macau. We explore some interesting similarities and differences.
What you need to know
- Macau operator stocks tumbled as mounting Covid cases in China triggered lockdowns, including the border city of Shenzhen, raising further concern about the prospects for recovery.
- Macau’s March GGR is now expected to be down 86 percent from 2019 levels, according to Bernstein analyst Vitaly Umansky, who has cut his forecast due to spreading Covid cases in China.
- Melco Resorts & Entertainment’s U.S. listing may be at risk due to rules on the auditing of foreign companies, although there is no immediate cause, Bernstein said.
On the radar
- Laos Siphandone area set to include casino, hotels, race course.
- Fire breaks out at Jeju Dream Tower, no reports of casualties.
- South Korea to open to quarantine-free travel from March 21st.
What the papers say
- Macau to continue economic diversification drive in 2022, CE says.
- Melco CEO Lawrence Ho says Studio City Phase 2 may be complete by Sept.
- China stocks see biggest drop since 2008 on fears of Omicron spread.
AGB Intelligence
DEEP DIVE
Breaking down the typical gambler
Following the release of the 2021 Las Vegas Visitor Survey last week, we take a look at what the average gambler looks like in four major gambling markets in the world, including Las Vegas, Macau, Australia, and Singapore. A word of caution needs to be aired, however, as each region conducts its gambling expenditure surveys differently and for differing intent. Las Vegas and Macau’s respective surveys are focused on visitors only and are aimed at better understanding tourist behavior.
Industry Updates
- BMM promotes Yi Miin Heng to client services manager Asia.
- Evoplay relocates staff out of Ukraine, aids humanitarian efforts.
- Pragmatic Play expands live casino accord with Romania’s Maxbet.ro.
- PopOK Gaming makes its debut at ICE London 2022.
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