Good morning.
It’s been billed as a US$15 billion smart city, powered by the latest in blockchain technology, but in reality, it has emerged as a major online gambling hub and the new home to many of the operations that fled Cambodia after the ban in that particular jurisdiction. It is Yatai City, which was formerly a small village in Myanmar known as Shwe Kokko, and we take a close look at what is really happening there. Moreover, we also cast our gaze at the Chinese giant, considering its success so far in emerging from the Covid-19 pandemic more quickly than most other nations. Don’t forget to also take a look at our latest infographic, detailing the state of global air travel as we move ever closer towards covid-19 recovery.
First, the news
- China advisor predicts gambling stability for Macau
- Macau gambling tax collection down 72.7% through September
- Mixed views as to whether Macau will be on China’s blacklist
- Wynn Resorts appoints new independent director
- China’s caution on stimulus to hold back growth: S&P
- Crown shares plummet after news of AUSTRAC probe
- Incheon casino construction remains stalled over financing difficulties
- Jeju Shinhwa World accused of unfair labor practices
- No new casino taxes seen in Malaysia
- Chinese arrested for operating online gambling in Malaysia
- Dream11 beats legal challenge in Rajasthan
- CNMI governor gives tepid support for IPI financial suitability hearings
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PH Resorts sets follow-on offer price at 32.8% discount
What you need to know
China economy bounces back, but spending numbers a concern
While most of the world continues to grapple with the economic fallout from Covid-19, figures released Monday indicate China has left the worst of the pandemic behind, with gross domestic product growth of 4.9 percent in Q3. There are indications also that economic activity has accelerated into the fourth quarter, with the key Golden Week holiday giving another shot in the arm. However, we’re not back to the races yet. A closer look at some of the underlying figures sound a note of caution against over-optimism when it comes to consumption.
Insights
BY THE NUMB3RS
Global Air Travel Stats [Infographic]
In 2017, APEC economies recorded around 464.7 million tourist arrivals, equating to approximately 33% of global tourism arrivals. The pandemic has undoubtedly wreaked havoc across Asia’s most popular tourist hotspots, however, it appears that a recovery is starting to take shape.
DEEP DIVE
Cambodia’s online operators find new home in Myanmar
It’s been billed as a $15 billion smart city, powered by the latest in blockchain technology, but in reality, it has emerged as a major online gambling hub and the new home to many of the operations that fled Cambodia after a ban on the practice last year. Yatai City, which was formerly a small village known as Shwe Kokko, is based in Myanmar’s Karen state. It’s one of three such projects that are backed by Chinese investment and which have claimed to be part of China’s one belt one road initiative.
Supplier Special
Blue Technology: Streamlining conversion
Blue Technology remains committed to understanding local requirements and working with our partners to develop games and solutions for ease of business. One such project is with Amatic Industries, where we developed 10+1 games on the machine hard drive, giving the operator the choice to select any one of these ten games + one feature game configuration.
Astropay: Immediate, easy and safe
Recently, AstroPay launched One Touch, the digital wallet that allows a frictionless journey for users who want to purchase online on international sites. Operators can easily access the benefits that this product offers from a single integration. They can identify users from a single code, allowing greater control over transactions and minimizing risk.
AGB Initiatives
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