Good Morning. Our vulnerabilities and exploitative avenues grow every day. But there are two sides to every coin, as cybersecurity experts analyze, demonstrating what to implement and how to react to threats that affect nearly all businesses. In Macau, junkets feel the scorn of the local government, with Galaxy vowing to move away entirely from operators. And in Manila – Bloomberry dominated in 1Q23.
What you need to know
- Simple cybersecurity evaluations can save millions, say experts, but vulnerabilities are everywhere.
- Macau’s junkets are being ostracized by Macau’s authorities. Concessionaires are moving into the new norm.
- Manila’s Entertainment City has dominated the Philippine market, with Solaire-operator Bloomberry taking hold on both mass and VIP.
On the radar
- Fitch: China’s domestic tourism spending power weaker.
- Singapore visitor arrivals reached 1.13 million in April.
- Entain gets final approval to take over New Zealand TAB.
Cybersecurity: now or never
Hackers are getting increasingly more sophisticated and persistent, but some 80 percent of hacks happen through compromised credentials, taking some 250 days to recognize the breach. A first step for operators is conducting a vulnerability and penetration test, to not be another one of the 94 percent of companies that have been hacked. Experts from Continent 8 point out how pre-emptive spending saves in the long run but warn that your partners are also your vulnerabilities.
- GEG partners with DSAL on youth talent in tourism.
- IGSA announces the creation of an ethical AI committee.
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