Good morning.
Las Vegas Sands has hit the gaming industry with an October Surprise, suggesting that, despite its name, it may soon leave Las Vegas altogether and become an entirely Asian gaming firm. If so, acquisitions may be considered. Would troubled Crown Resorts be on Adelson’s menu? Also, in our weekly podcast series, we speak to NagaCorp’s Tim McNally to get the lowdown on his Cambodia-based firm’s development plans, including an update on Russia. And don’t miss the article from Professor Desmond Lam discussing the diversification of Macau in the years ahead.
First, the news
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Las Vegas Sands mulls exit of US gaming with US$6 billion casino sale
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Imperial Pacific construction grinds to a halt
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Nine month PAGCOR revenues down 60%
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Macau October GGR seen down 73%: Bernstein
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Macau seen at low risk from Kashgar cases
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Global tourism down 70 percent in 2020: WTO
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South Korea economy returns to growth in Q3
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Hong Kong/Singapore travel bubble expected in November: Lam
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Saipan legislator pushes for clarity on missing IPI papers
What you need to know
Is LVS on an Asia acquisition trail?
Las Vegas Sands lobbed an “October surprise” into the world of the gaming industry, confirming it’s seeking buyers for its Nevada casinos, effectively leaving it as an Asia-only operator, with properties in Macau and Singapore. The world’s biggest casino company with its iconic Las Vegas Strip resorts has put a $6 billion price tag on the assets. The news begs the question as to what the company plans to do with the assets. It has clearly stated in the past the main focus of its attention is Asia.
Insights
PODCAST
NagaCorp Tim McNally unfazed by pandemic, blacklist
Tim McNally checks in with Asia Gaming Brief asia editor Felix Ng to discuss the moves that NagaCorp has been making to offset the decline in international visitation this year. McNally also comments on NagaCorp’s initial thoughts on the China Tourism Blacklist, which we have discussed extensively over the past few weeks.
INDUSTRY VIEWS: DESMOND LAM
Re-imagining Macau for a diversified future
The eagerly awaited Golden Week has come and gone without providing the industry uplift that had been hoped for, making it even more important that before to evaluate the type of product offering Macau is able to offer. Desmond Lam, professor of integrated resort and tourism management at the University of Macau shares ideas of how the gambling hub can diversify, ranging from water sports to health and wellnesss.
Supplier Special
EveryMatrix signs distribution accord with FunFair Games
EveryMatrix’s remote gaming server RGS Matrix has signed an agreement, which will allow new game studio FunFair Games to distribute its new multiplayer game content through RGS Matrix’s ‘out of the box’ server.
CPI launches immersive, online showroom
Crane Payment Innovations has launched an immersive new customer experience platform. This online showroom, designed to support all customers in all global markets, will first launch during the 2020 G2E virtual event.
AGB Initiatives
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