Good Morning. As Asia starts to remerge, there will be further M&A opportunities in the region to consolidate the industry post-pandemic and expand the overall reach to new players via innovation, writes Brendan D. Bussmann. On diversification, Genting expanded its esports footprint. Against a tide of losses, two Manila operators posted above the line results. 

Your Daily Asia Gaming eBrief: Future M&A activity expected for Asia

What you need to know

  • Travellers reported $3.6 million net profit for the 2Q22, against a tide of local operators posting losses catalyzed by currency volatility.
  • PhilWeb’s new revenue streams energized 2Q22 bottom line returning to black against the previous year’s loss of $0.41 million.

On the radar


AGB Intelligence

INDUSTRY VOICES: Brendan D. Bussmann 

Okada-Manila

Further mergers and acquisitions expected for Asia: Bussmann

As Asia starts to remerge, there will be further M&A opportunities in the region to further consolidate the industry post-pandemic and expand the overall reach to new players via innovation, writes Brendan D. Bussmann. There was Crown’s ultimatum for overhaul and, on the other end of the spectrum, MGM’s play for Genting’s Resorts World Sentosa. Still ongoing, is the yet-to-be-finalized SPAC, Okada Manila by Jason Ader’s 26 Capital. Given the meek outlook might as well add Macau’s concessionaires to the shuffle.

Your Daily Asia Gaming eBrief: Future M&A activity expected for Asia

Industry Updates

  • Sands China honors Macau team members’ pandemic support at rally.
  • Entain confirms £17m breach fine, notes legacy systems, 2020 compliance.
  • IGT PlayDigital’s iSoftBet enters uncharted waters in Ocean Hunter.

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