Good Morning. There can be too much of a good thing. For Macau, currently that’s croupiers, as the post-pandemic conditions have caused a mismatch between availability and demand. Staff retention programs, the new gaming licenses and smart tables are all having an effect on this surplus, notes an insider. Still in Macau, CLSA has lowered its GGR forecast for this year, with uncertainties from a slower pick-up in the second quarter and China’s stance on illegal money exchange.
What you need to know
- Recruitment in Macau’s gaming sector slows as post-COVID recovery wanes amid excess croupiers and smart table adoption.
- CLSA cuts Macau 2024 GGR forecast by 3% due to near-term uncertainties, including seasonality and China’s crackdown on illicit money exchange.
On the radar
- CoD Manila’s Premium Leisure Corp parent seeking $300M casino-resort in Clark.
- SkyCity estimating $3M loss from 5-day closure of Auckland casino.
- PAGCOR Chairman against total ban of online gaming.
- Star Entertainment resumes electronic gaming after upgrade.
- Manila ranked fifth riskiest city for tourists by Forbes Advisor.
- Philippines’ Suntrust signs supply agreement for Westside City project.
- ACMA blocked over 1,000 illegal gambling websites in the past 5 years.
AGB Intelligence
MACAU
Macau recruitment trends leveling off: Insider
Macau is currently suffering from an excess of croupiers, a position that can only be held by local residents, as the post-COVID recovery trails off and amongst changing market conditions. Mandated retention of staff during the pandemic, the closure of satellite casinos and the attractiveness of the role has caused a glut. Smart table technology is also having an impact, says an insider, as tables are more efficient, overall requiring less manpower.
Corporate Spotlight
Know Your Enemy: An Interactive Guide to Online Gaming Fraud
Online gaming fraud is on the rise in the iGaming industry. In Q1 2022, there was an 85% increase in fake account registrations compared to Q4 2021. While players are undoubtedly affected by gaming fraud, iGaming platforms also suffer due to damaged reputations, huge financial losses, and legal consequences.
How 1xBet dominates the Asian market: conditions and approach
1xBet operates in several dozen countries in Asia, and the number of partners in this region is growing steadily, which indicates the effectiveness of the 1xPartners affiliate program. The brand offers favorable conditions and a modern set of tools for making money on the Internet.
Industry Updates
- Asian Poker Tour announces full schedule for next Taipei event.
- IGT’s Renato Ascoli inducted into Lottery Industry Hall of Fame.
MEMBERSHIP | INTELLIGENCE | ASEAN | CAREERS
