Good Morning. Another day, another drama. Thailand has seen its fair share of political turmoil, but the most recent occurrences have seriously brought into doubt whether the ruling majority can hold on to its power long enough to pass the casino bill it is championing. Meanwhile, in the Philippines, Newport World Resorts is planning a new luxury hotel, with its parent earmarking $85 million for the property’s expansion. And in Hong Kong, a proposal to legalize basketball betting is heading to the legislature, with support from the government and the public.
What you need to know
- Thailand’s conflict with Cambodia is threatening the leading coalition’s stability and its push for casino legislation.
- Newport World Resorts is getting a new luxury hotel with VIP private gaming suites, as AGI earmarks $85 million for its expansion.
- HKJC expects legal basketball betting revenue could reach $3.57 billion, and the first reading of the legislation amendment is scheduled for July 2nd.
On the radar
- DigiPlus appoints new CEO and CDO amongst rapid expansion.
- Hong Kong gov’t in support of increasing simulcast horse races.
- PH will not impose a ban on online games; taking down illegal websites.
- S. Korean police bust $384 million illegal online gambling ring.
- Thai Minister accuses Cambodia of acting as a cybercrime center.
AGB Intelligence
THAILAND
Political conflict threatens the casino bill
The ongoing drama in Thailand is again raising the question of whether the government will be able to push through its proposed casino bill. The recent spat with Cambodia has resulted in the ruling party holding onto a tenuous majority, without which the bill’s support could crumble. Opposition voices already present before the political tension are now gaining more support, prompting some concern.
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Industry Updates
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