Good morning. POGOs are again under fire, as a new survey finds that 58 percent of respondents think the operators are harmful to the nation. But a total ban could affect the nation’s expected GDP growth, with over 25,000 employed by the industry. Meanwhile, Las Vegas Sands has announced it’s “looking hard” at prospects of a casino in Thailand, but that it’s focused on New York. And Genting Hong Kong is signaling its death toll as it appoints liquidators for itself and Dream Cruises.
What you need to know
- Survey on POGOs finds 58 percent of respondents think the operations are harmful, but a total ban could hurt economic growth prospects.
- Las Vegas Sands says that it is “looking hard” at prospects for a casino in Thailand, after other failed Asian bids, but that it will focus on New York.
- Genting Hong Kong is entering its final stages, after the appointment of liquidators for the company and Dream Cruises.
On the radar
- Macau to average 30-40k tourists daily in the future, says tourism expert.
- BetMGM sees 69% increase in 2022 revenue, to $1.44 billion.
- SkyCity to appoint former Tabcorp CEO as non-executive director.
- Playtech expecting FY22 EBITDA of $435.82 million.
Survey: 58 percent of respondents find POGOs harmful
A survey cited by the chair of the Philippine Senate Committee on Ways and Means has found that 58 percent of respondents think that POGOs are harmful for the nation. The primary concern was the ‘proliferation of vices’. The survey is now set to be included in the committee’s evaluation on benefits and costs of POGOs. A total ban is expected to have strong economic impacts and could affect the nation’s strong GDP growth expected this year.
- Gamzix to attend ICE London.
- Realistic Games cranks up the heat with Chilli Master.
- Tom Horn Gaming announces unlimited paid leave policy.
MEMBERSHIP | MAGAZINE | ASEAN | CAREERS