Good Morning. Last Thursday, the Macau government released the results of the public consultation for its new gaming law. Though analysts say that there are no “ground-breaking” revelations to come from the document, the overall tone and the timing of the document suggest that the government has been open to the concerns raised in the document.
What you need to know
- Macau’s government has released the results of its public consultation for the new gaming law and although the details are still vague, the overall tone should calm investor nerves, analysts say.
- Crown Resorts has been fined $1 million by the Victoria gambling regulator for non-compliance with its regulatory obligations regarding junket operations.
- Fitch Ratings says the emergence of Omicron will upend reopening plans for many tourist economies in South Asia and ASEAN, with countries such as Japan, Thailand and Singapore already tightening restrictions for inbound travelers.
- Macau Chief Executive Ho Iat Seng says the government expects Macau gross gaming revenue to reach around MOP 130 billion in 2022, subject to Macau being free of local Covid-19 outbreaks in the year.
The year ahead
Tourism analyst and founder Asia Travel Re:Set Gary Bowerman expects much of the first half of 2022 to be about rebuilding the newly lost confidence as the much-hoped-for rebound at Chinese New Year seems further away.
On the radar
- NagaCorp further delays share award scheme
- Macau visitor arrivals surge 25.9% in November on Grand Prix, Food Festival
What the papers say
- Karnataka court reserves judgement on online gambling ban
- Sportradar extends partnership with Germany’s Bundesliga
- Endorphina introduces new Water Tiger slot game
- Bookmaker 1xBet wins “the bookmaker’s Oscar”
BBIN: Balancing profit and sustainability
BBIN is returning to live events and looking forward to a reunion with the industry in 2022, revolving around the theme of “the Gaming Beat.” The theme resonates with the original intention of leveraging corporate sustainability and driving business performance since the establishment of the TGB Charity in 2018.
JCM Global: Putting customers first
As the JCM Global team looks back on 2021, our proudest achievements are what we have done for our customers, says Dave Kubajak, senior VP of sales, marketing and operations. Our global engineering team released innovations that further helped our customers enhance their guests’ experience, increase efficiencies, and boost security.