Good Morning. Everybody is trying to get a piece of the Chinese outbound tourism pie, but Cambodia could be well placed to get its slice first, as the two countries cozy up – boding well for the nation’s gaming industry, if all goes to plan. Meanwhile, Macau maintains its gaming crown, with the first quarter showing strong results – with mass GGR topping even the first quarter of 2019.
What you need to know
- Tourism is a major focus of Cambodia’s new leadership; with the initiative to boost further recovery of the country’s tourism and casino revenue: expert.
- Macau’s gaming industry has shown resilience, keeping its mass GGR at 110-115% of 1Q19 levels despite the seasonal decline, according to UBS.
On the radar
- Korea’s Paradise appoints co-CEO.
- Macau casino employee arrested for falsifying membership points fraud.
- Paradise Entertainment revenues rise 113% in 2023, eyes SE Asia market.
- Watchdog urges Curaçao to stop online gaming ads targeting Australians.
- Japanese baseball star denies being involved in illegal gambling.
AGB Intelligence
CAMBODIA
China encouraging Cambodian development/recovery
China is actively encouraging investment in and the development of Cambodia, notes an expert, pointing out that increased flights between the nations and the build–out of airports will further strengthen tourism and business. The nation’s gaming industry could, however, be facing heavy competition in the near future, as Thailand aims to steal the regional gaming crown.
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