Good Morning. All is well that ends well. And hopefully that will be the case for Genting’s proposed takeover of its subsidiary, valued at some $1.6 billion. But analysts are not so keen on the idea, noting the potential strain on finances, prompting a downgrade of their review of the operator. Looking to South Korea, the country is in high gear to stamp out scams targeting its countrymen, hoping to coerce Cambodia to up its game in the fight. Meanwhile, in Macau, VIP play is on the up again, with 3Q25 data showing that the sector refuses to be shut down.
What you need to know
- Moody’s warns Genting Berhad’s $1.6B bid for Genting Malaysia may strain its finances and lead to a downgrade review.
- South Korea seeks ASEAN action on Cambodia’s scam-linked crimes, hoping for talks at upcoming ASEAN summit.
- Macau VIP play sees strong return in 3Q25, despite other metrics lagging, encouraging the sentiment for FY25 results.
On the radar
- Philippines sees 93% QoQ decline in illegal online gambling in 3Q25: data.
- Galaxy Macau renews partnership with Alibaba’s Damai and Macau Pass.
- Macau shop busted for illegal money exchange worth $6.3M.
- New York’s downstate commercial casino licenses down to three bids.
- Ex-PNP chief Benjamin Acordato leads crackdown on illegal POGOs.
AGB Intelligence
M&A
Analysts worried over Genting’s takeover bid
Despite its aspirations for a New York downstate casino license, Genting may be overreaching, according to analysts. The experts caution the financial strength of the company going into the proposed takeover, despite noting its potential future benefits. The trepidation has resulted in a downgrade by Moody’s, which could potentially worsen if the company is not awarded a license for the much sought after New York casinos.
Corporate Spotlight
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