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Daily Asia Gaming eBrief: Sands China with lower mass market share

Good Morning. Sands China appears to have lost a bit of market share in the mass segment, despite dominating about a quarter of the market, with renovations cutting into the group’s potential offerings, according to Morgan Stanley. In the Philippines, Premium Leisure Corp says that drops in VIP contributed to a 44 percent fall in gaming revenue from City of Dreams Manila in the first quarter. And further abroad, Imperial Pacific has filed for Chapter 11 bankruptcy, effectively halting its bid to retain its casino license in Saipan.

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MACAU

Sands China FY24 EBITDA to hit $2.4B: Morgan Stanley

Brokerage Morgan Stanley is revising down its estimates for Sands China, now predicting that the company will garner EBITDA of some $2.4 billion for 2024, down 8 percent compared to previous estimates. The downgrade is based upon a lower mass market share – despite the operator cornering about one-quarter of the market. The group has also revised its expectations for 2025, however 2026 estimates remain largely unchanged.


The Grand Ho Tram’s renewal of its gaming floor driving growth: CEO

The Grand Ho Tram’s renewal of its gaming floor driving growth, Walter Power

Quality over quantity. That’s what The Grand Ho Tram’s CEO Walter Power says the group is focusing on, with the revamp of its gaming floor focused particularly on offering the latest, exciting products – particularly EGMs, already delivering results.


Corporate Spotlight

Fast Track leading digital transformation in Asia’s iGaming sector

Fast Track, Igaming CRM, Asia

Fast Track is setting new standards in CRM for the iGaming industry across Asia, as underlined at the ASEAN Gaming Summit 2024. Harnessing the power of real-time data, AI-driven automation, and personalized player engagement, Fast Track’s innovative solutions are responding to the industry’s expansion and actively shaping its evolution.

A complete guide to the 1xBet affiliate program

A complete guide to the 1xBet, affiliate program

1xBet, a leading global betting company, introduced its affiliate program in 2016, quickly becoming renowned within the industry and earning recognition at the SBC Awards.


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AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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