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Daily Asia Gaming eBrief: Macau 1Q24 GGR sees VIP return in droves

Good Morning. The sport of whale watching is never abandoned in Macau, as evidenced by the results from the first quarter of the year, published by the region’s gaming watchdog. VIP play improved nearly 70 percent yearly, with analysts noting that MGM, Wynn and SJM all took bigger pieces of the pie. Meanwhile, Thailand simmers as a group of agencies is now tasked to review a report on setting up the nation’s entertainment (*cough* casino) complexes. In the Philippines, Newport World Resorts smashed records in 2023, with GGR and non-gaming seeing the fruits of the group’s reinvestment plans.

What you need to know


On the radar


AGB Intelligence

MACAU

VIP rebounding, despite new post-junket era

New data show that Macau is not out of the VIP race just yet, with official figures showing that high-roller baccarat grew by nearly 70 percent year-on-year, despite the city’s overall shift to a mass market model. The city’s regulator indicates that overall 1Q24 gross gaming revenue hit the $1.78 billion mark, with VIP contributing about a quarter. Analysts indicate that MGM, Wynn and SJM all gained market share during the period, at the expense of Sands, Melco and Galaxy.


Newport World Resorts in pole position for non-gaming revenue: COO

Hakan Dagtas, Winn Tech COO

Newport World Resorts’ COO, Hakan Dagtas, says that the group is in “pole position” regarding non-gaming revenue, leveraging its 3,500 hotel rooms and focusing on providing new and fresh entertainment offerings to keep guests under one roof. The group aims to provide a complete IR experience and never be “casino-only”.

Watch the interview!


Corporate Spotlight

Sumsub takes the lead in gaming fraud protection

Sumsub @ ASEAN 2024

Sumsub, a full-cycle verification platform, proudly sponsored the ASEAN Gaming Summit 2024. Their sponsorship reaffirmed their commitment to helping gaming companies combat fraud amidst the escalating threat of illicit activities in the region. Sumsub took centre stage with an insightful panel discussion on How can PAGCOR use AI for Responsible Gaming/AML compliance.

A complete guide to the 1xBet affiliate program

A complete guide to the 1xBet, affiliate program

1xBet, a leading global betting company, introduced its affiliate program in 2016, quickly becoming renowned within the industry and earning recognition at the SBC Awards.


Industry Updates


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AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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