Good Morning. Despite warnings that junkets were dead, they are still in the law. In a special edition of our Face-to-Face interviews, Alidad Tash, managing director of 2NT8 Ltd. predicts satellite casinos will also ultimately survive due to the priority given to local employment. Tash takes you through the unpleasant surprises from the gaming law proposal, now being rushed through the legislative process, and its key implications to the industry at large.
What you need to know
- Sands China generated positive EBITDA in 2021 reaching US$338 million, owed to resilient customer demand and spending.
- Wynn Resorts’ planned integrated resort in the United Arab Emirates could produce robust returns on equity investment of about 20-30 percent, Bernstein said, noting the majority of revenue is likely to be from non-gaming.
- LVS, wrapping up its arguments in a Macau court case, said Asian American Entertainment Corp. (AAEC) had held talks with other potential partners over a license bid in late January of 2002.
- Jason Ader, chairman and chief executive officer of 26 Capital Acquisition Corp says he has been impressed by the performance of Okada Manila in the fourth quarter of 2021, despite ongoing restrictions and lack of international tourism.
On the radar
- More hotel rooms key to the continued growth of Macau gaming: DS Kim
- The number of Macau junkets down by half from last year to 46.
- Suspicious sports betting alerts drop 13% in 2021, though football at a record high.
What the papers say
- Turkish workers have accused Imperial Pacific of discrimination
- Caesars to rebrand Bally’s as Horseshoe Las Vegas
AGB Intelligence
FACE-TO-FACE
Not dead, after all – Junkets, satellites
Despite warnings that junkets were dead, they are still in the law. In a special edition of our Face-to-Face interviews, Alidad Tash, managing director of 2NT8 Ltd. predicts satellite casinos will also ultimately survive due to the priority given to local employment. Tash takes you through the unpleasant surprises from the gaming law proposal being rushed through the legislative process and its key implications to the industry at large.
Industry Updates
- Jumbo Interactive continues intl expansion with StarVale Group acquisition
Interblock: Asia Pacific expansion despite Covid
What a turbulent year it was as we count down the days to celebrate Lunar New Year 2022. In amongst the negative impact of COVID-19 wreaking havoc and creating countless human and economic costs worldwide, Interblock is not immune. However, through determination and great support from our operators, we have achieved some notable achievements throughout the Asia Pacific region in both sales and lease opportunities.
Jade: Game-changing bonuses and exotic jackpots
Jade SportsBet, the fastest growing online and land-based sports betting provider in the Philippines, welcomed 2022 with special offers to its growing customer base. With the ongoing NBA season, JSB is pulling off the best margins and is excited to launch a new free-to-play platform where patrons can enjoy playing basketball mini-games.
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