Good Morning. Who says that water canโt dance? And right now, for Macau gaming operator Melco, itโs dancing exactly to the tune of their music. Their billion-dollar non-gaming investment had long been a staple attraction for visitors. And now theyโre putting their money where the water flows. Meanwhile, Studio City continues to thrive, and MGM works to secure market share, with both having cash-backed futures. Over in Thailand, things are looking slightly up, as the deputy finance minister tries to dispel concerns over the proposed casino bill, highlighting economic benefits.
What you need to know
- Melcoโs House of Dancing Water relaunch, Studio City ramp-up, and balance sheet strength drive bullish outlook from Morgan Stanley.
- Thailandโs Deputy Finance Minister has strongly defended the governmentโs plan to create integrated entertainment complexes.
On the radar
- Kangwon Land gains approval to raise Blackjack and Holdโem betting limits.
- Hong Kong completes public hearing on legalizing basketball betting.
- Lawrence Ho-affiliate Black Spade Capital invests in real estate group IFCX.
- Sega Sammy nears completion of acquisition of GAN Limited.
AGB Intelligence
MACAU
Bullish outlook for Melco, playing to non-gaming
Melco has long been undervalued, and analysts have taken a bullish stance towards the Macau-based operator, particularly as it proves its worth across multiple markets and through various segments. The recent relaunch of its massive House of Dancing Water show in Macau is propelling it to new heights. Meanwhile, Studio City continues to ramp up and provide more reasons for footfall. Exciting times ahead.
Corporate Spotlight
Bettorify bridges European operators to Asia’s gaming markets
With over 30% of global gaming revenue projected to come from Asia soon, the window of opportunity is wide open. Bettorify’s white-label and turnkey solutions deliver what most platforms miss: sharp execution backed by real local expertise.
Industry Updates
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