Good morning. If you can’t beat them, join them. DigiPlus is turning government fears about the online gaming sector to its advantage, getting in the room to help shape stricter gaming controls that could effectively diminish its competition due to the increased oversight. Meanwhile, its expansion into land-based gaming means it can leverage its O2O strengths, while diversifying its income streams. Looking to Cambodia, NagaCorp’s strong results have encouraged analysts’ expectations, with hopes for cash reserves to reach $726 million by 2028. And in Macau, record visitor inflows during CNY failed to translate to the casino floor, with GGR per visitor down.
What you need to know
- DigiPlus eyes land-based expansion while backing stricter online gaming controls – helping gov’t lay out new measures.
- NagaCorp’s cash to reach $726M by 2028 as strong cashflow, VIP rebound, and China visa easing support growth, says CLSA.
- Macau saw record visitor inflows during CNY, but GGR per visitor dropped 20% as more non-gaming tourists diluted spending levels.
On the radar
- DigiPlus unveils major partnership with boxing legend Manny Pacquiao.
- Cambodia set for region-first telecom fraud law with life sentences: PM.
- Macau’s five-star hotels cheaper in February YoY, despite CNY holiday.
- AGT appoints Novomatic’s Birgit Wimmer as non-executive director.
- Iris bid for Reef Casino Trust unaffected, despite Allwyn structural shift.
- New York market could generate $4.7B-$5.6 in annual GGR: CBRE.
AGB Intelligence
O2O
DigiPlus backs stricter online rules while expanding to land-based
DigiPlus is taking a savvy approach to the government’s wariness of online gaming, helping to shape stricter online gaming controls that can push out smaller non-compliant competition. Simultaneously, the group is moving into the land-based sector by acquiring shares in New Coast Hotel operator IEC, leveraging its position and player database for online-to-offline (O2O) success.
Industry Updates
- MGM COTAI secures fifth straight “Best Business Hotel in Macao” title.
- BC.GAME appoints Kar Kheng Giam as its new Chief Executive Officer.
- PAGCOR allocates Php1.37B to kickstart nationwide school building push.
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