Good Morning. Bay City Ventures’ Joji Kokuryo says that what could happen, will happen in Japan, as he recommends patience, and highlights Manpower as arguably one of the biggest challenges towards the development of the IRs in the country. Closer to home, China’s experiencing a ‘disconnect’ in the Metaverse.
What you need to know
- Macau visitation, resumed after 41 days, inched GGR of $10m for the second week of August from last week’s marginal $4.5m, Bernstein reports.
- LRWC is on the road back to black reporting positive EBITDA of $1.87m for 2Q22, on resumption of operations and launch own technology platform.
On the radar
- Local tours, length of stay cushions Macau hotel business.
- EBET lays off half of employees, shifts away from esports.
ASEAN 2022 – FINDINGS
Bay City Ventures’ Joji Kokuryo argues that what could happen, will happen in Japan as he alerts the industry’s need for patience as the political situation crystallizes. Manpower is arguably one of the biggest challenges towards the development of the Integrated Resorts, Kokuryo highlights, as he provides an update on what is happening on the ground at the prefecture level. You might be surprised – or not – when ‘revised’ proposals sprout ahead of the first round of implementation.
The report is part of an ASEAN 2022 Industry Findings Series, bringing you discussions around the industry’s challenges and opportunities at the in-person event in Manila. Tune in tomorrow for an Update on Saipan and CNMI by Tim Shepherd from Fortuna Investments.