Good Morning. All is sunny down under, well at least for a certain operator. Crown Resorts appears to have come out on top amongst the sharp crackdown on land-based casinos in the nation. Its success in its remediation efforts now place it at an advantage to the competition, who continue to struggle with authorities, notes an expert. Meanwhile, in Macau new efforts to improve visa access from mainland China can only be a boost to the industry, says Goldman Sachs, in particular for mass.
Due to the Labor Day holiday, Asia Gaming Brief will return to its normal publishing schedule on Thursday, May 2nd.
What you need to know
- Crown now has a strategic advantage over competitors after surpassing regulatory hurdles: consultant.
- Goldman Sachs sees the expanded visa policies as beneficial for Macau’s casino industry, particularly for mass market segments.
On the radar
- The Star Chair concedes group not fit to hold Sydney casino license.
- Crown Resorts to cut up to 1,000 jobs.
- The Star appoints Anne Ward as new Chair, replacing David Foster.
- New Macau hotels boost occupancy rate to 85% in 1Q24.
- More details emerge in King Gaming Isle of Man investigation.
- Macau projects 680k daily border crossings for Labor Day holiday.
AGB Intelligence
AUSTRALIA
Crown ahead of the game as competitors under scrutiny: Consultant
Crown Resorts has proven itself remarkably resilient in its remediation efforts after the threat of the cancellation of its Melbourne and Sydney casino licenses. According to expert David Green, the group’s efforts now place it in an advantageous position, as suitability enquiries continue into its rivals The Star and, less so, SkyCity. The Star in particular will have to address its “chaotic” handling of its casino license suitability inquiry, or potentially cede its license – most likely to its main rival.
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Interest is going both ways between Asian operators and those in Latin America and Brazil, with CEO of Smartrecruitment.com Ellen Fröjd noting that multiple parties are interested – from land-based to online.
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Fast Track is setting new standards in CRM for the iGaming industry across Asia, as underlined at the ASEAN Gaming Summit 2024. Harnessing the power of real-time data, AI-driven automation, and personalized player engagement, Fast Track’s innovative solutions are responding to the industry’s expansion and actively shaping its evolution.
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1xBet, a leading global betting company, introduced its affiliate program in 2016, quickly becoming renowned within the industry and earning recognition at the SBC Awards.
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