Good morning. Macau’s foreign operators by now well understand the ups and downs that go along with political shifts. But after their new gaming licenses, and with an incoming Chief Executive, things could get a bit more complicated, warns security expert Steve Vickers. Meanwhile, things are looking up in the Philippines, as PAGCOR raked in $165 million in net income for the first three quarters, championed by electronic games. And in Australia, The Star falls to negative EBITDA, as new responsible gaming measures take their toll.
What you need to know
- Macau’s new drive towards diversification may come at the cost of foreign-owned casinos, warns a security consultant.
- PAGCOR 1Q to 3Q net income hits $165 million, nearly doubling yearly, fueled by robust electronic games performance.
- The Star falls to negative EBITDA in the most recent fiscal quarter, weighed down by carded play and cash limits, amongst a ‘challenging environment’.
On the radar
- Isle of Man responds to UN criticism of gambling regulations.
- International package tours boost Macau visitation, as China slumps slightly.
- Philippine Charity Sweepstakes Office ups lottery prizes for 90th anniversary.
- Macau Cotai Strip public outdoor concert venue to be ready soon.
- Australian gambling industry defends R&D tax credits amid scrutiny.
AGB Intelligence
MACAU
Macau’s foreign operators face concerns under new leadership
Macau is undergoing yet another political transformation, with the election of a new Chief Executive set to again redefine the standards around the gaming industry’s trajectory. Chief Executive-elect Sam Hou Fai is expected to encourage increased alignment with mainland China, which is stifling capital outflows. Security consultant Steve Vickers cautions that foreign-based operators will need to restrategize to handle the new environment.
Corporate Spotlight
1xBet: Capitalize on Asian teams’ World Cup qualifier struggles
Asia is the most populated continent on the planet and Football is the No. 1 sport in most countries. The World Cup qualifying matches are traditionally watched by billions of fans in the region, but FIFA has decided to reward Asia with a significant representation at the tournament only now.
Altenar brings premium sportsbook solution to Asia
Altenar, a leading sportsbook provider is bringing its global expertise to Asia, looking to expand its operations. Since 2011, Altenar has powered hundreds of online sports betting sites worldwide and is a major B2B provider in Europe and Latin America licensed markets.
Industry Updates
- ZITRO unveils the new CONCEPT cabinet line.
- Tekkorp Capital launches strategic move to tap into the African market.
- Habanero releases new slot game Baba Yaga for Halloween.
MEMBERSHIP | INTELLIGENCE | ASEAN | CAREERS
