Good Morning. May we live in interesting, albeit non – Volatility, Uncertainty, Complexity, and Ambiguity – VUCA – times. The pressure of stringent Covid measures is having a polarizing effect on the Mainland, writes COTRI, Prof. Dr. Wolfgang Georg Arlt. At home, J.P. Morgan argues that Macau’s limitations are in sync with current industry scenarios.
What you need to know
- Macau’s table cap, minimum GGR, in sync with current industry scenario; Government to re-allocate existing capacity for new projects: J.P. Morgan.
- RWGenting, forced to operate at 60% capacity due to labor limitations, still posted an EBITDA of RM620mn for 2Q22, at 94 percent of 2019’s figures.
On the radar
- Macau unemployment rises on junket closures, lockdowns.
AGB Intelligence
INDUSTRY VOICES: Prof. Wolfgang
VUCA days polarizing Mainland China
We have entered a phase of VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) which seems not to end anytime soon. However, “the situation in China seems to move ever faster towards either an epiphany or a satori,” writes COTRI Prof. Dr. Wolfgang Georg Arlt. The Zero-case policy for Covid appears as a “never-ending story” letting more and more Chinese get restless, with 80,000 affluent travelers stranded in Hainan on the one hand and fish and crabs and even shrimp tested for the virus further up on the coast in Xiamen on the other.
Industry Updates
- SOFTSWISS’s Affilka claims best Affiliate manager at SiGMA Balkans.
- Esports veteran Juana Bischoff to expand commercial team at Oddin.gg.
- Venetian celebrates 15th Anniversary with Macau Special Olympics.
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