Asia Gaming Briefings – February 2022 Edition

By
AGBrief Editorial
-
Asia Gaming Briefings_February_2022

Reports of Macau junket death exaggerated!

The Macau gaming industry has been on a rollercoaster ride that doesn’t seem to end. After the disastrous announcement by the Gaming Inspection and Coordination Bureau (DICJ) in September last year, which wiped a quarter off the market value of shares in the Macau operators, the government has been endeavouring to repaint the canvas in broad, bold strokes to brighten up the picture.

So much so that after the announcement of the new gaming law draft earlier this month the industry took a collective sigh
of relief. It was short lived.

In the focus section of the February edition of AGBriefings magazine, we bring you insights from the experts on the implications of the gaming law draft and its impact on the re-tendering of the gaming concessions – potentially, some time this year.

JURISDICTIONS UPDATES
LAST WORD
SUPPLIER SPECIAL REPORT

In Focus: Macau junkets on life support and satellites in the balance

Reshaping Macau’s regulatory landscape

Macau 0
Events in Macau have been moving at a breathtaking speed since the government first published its outline for changes to the gaming law in September.
Macau

Employment concerns may save junkets, satellites

AGBrief Editorial - 0
Junkets have survived in Macau’s amended gaming bill and satellite casinos are likely to continue to be a part of the landscape due to the government’s concern about local employment, says Alidad Tash.
Read more
Macau

Junkets operators: One activity, two legal systems

Carlos Simões - 0
Junkets in Macau aren’t dead yet, but they are on life support, argues Carlos Simões, a partner with law firm DSL, who takes us through some of the momentous events of recent months and asks where next?
Read more
Intelligence

Macau bidders need to pay close attention to government vision

Glenn McCartney - 0
With the concession expiry deadline looming the Macau government is pushing ahead with its plans for a public re-tender for the coveted licenses. Glenn McCartney MBE, writes that the attention will soon be focused on the request for proposal process and ensuring the pitches are in line with the government’s clearly stated objectives.
Read more
Intelligence

Satellite casino abolition to harm the local economy

Sharon Singleton - 0
Jay Chun, chairman of Paradise Entertainment, has warned that a clause in Macau’s proposed gaming law will have a negative impact on the local economy and small businesses. 
Read more

JURISDICTIONS UPDATES

Macau stocks poised for bounce

Macau 0
Investors are taking a second look at Macau stocks after a near 60 percent plunge in 2021, with the publication of the gaming law...
Philippines

Okada Manila 4Q21 points to strong recovery when restrictions ease

AGBrief Editorial - 0
It was another tough year for the Philippines in 2021, which suffered among the most lengthy casino closures in Asia, although 4Q21 figures from...
Read more
Cambodia

NagaCorp says union membership played no part in downsizing decisions

AGBrief Editorial - 0
NagaCorp’s NagaWorld in Phnom Penh has defended its relationship with unionized workers after the treatment of striking employees by local authorities raised concerns amongst human rights organizations and the U.S.
Read more
South Korea

Results highlight second year of pain for foreigner-only casinos

AGBrief Editorial - 0
South Korea’s foreigner-only casinos suffered another year of pain in 2021 with no meaningful reprieve in sight, triggering authorities on the island of Jeju to search for a lifeline for the industry.
Read more
India

Delta sees bright future as pent-up demand drives record growth

AGBrief Editorial - 0
Delta Corp, India’s largest gaming group, sees a bright future as Covid restrictions ease after pent-up demand drives its latest quarterly results to record levels.
Read more
Australia

Regulation, staff issues to create 2022 headaches

AGBrief Editorial - 0
Australia’s gaming industry moves into 2022 facing multiple headwinds, with rising Covid cases, staff shortages and another expected round of regulatory scrutiny.
Read more
Pacific Islands

IPI battles on in Saipan despite mounting legal woes, zero revenue

AGBrief Editorial - 0
Saipan’s efforts to resurrect its casino industry and rid itself of the incumbent operator have hit another hurdle, with the regulator saying that stripping Imperial Pacific International of its license would be unconstitutional.
Read more
Intelligence

Foreign investment, new regulation, positives for Vietnam casino industry

Sharon Singleton - 0
The potential for new regulation, coupled with favourable foreign investment trends, are creating a strong base for Vietnam’s casino industry.
Read more

AGB EVENTS

[td_block_19 modules_category=”image” modules_on_row=”eyJhbGwiOiI1MCUiLCJsYW5kc2NhcGUiOiIxMDAlIn0=” modules_category1=”image” show_cat2=”none” show_com2=”none” show_author2=”none” columns=”100%” columns_gap=”eyJsYW5kc2NhcGUiOiI0MCIsInBvcnRyYWl0IjoiMjgifQ==” image_width2=”eyJwb3J0cmFpdCI6IjM1In0=” modules_space1=”eyJwaG9uZSI6IjIxIiwiYWxsIjoiMjEifQ==” limit=”3″ show_excerpt1=”” show_excerpt2=”none” hide_audio=”yes” tag_slug=”face-to-face” custom_title=”FACE TO FACE INTERVIEWS” block_template_id=”td_block_template_8″ border_color=”#ce472c” custom_url=”/asia-gaming-news-interviews/” time_ago=”yes”][td_block_3 modules_category=”image” modules_on_row=”eyJhbGwiOiI1MCUiLCJsYW5kc2NhcGUiOiIxMDAlIn0=” modules_category1=”image” show_cat2=”none” show_com2=”none” show_author2=”none” columns=”100%” columns_gap=”eyJsYW5kc2NhcGUiOiI0MCIsInBvcnRyYWl0IjoiMjgifQ==” image_width2=”eyJwb3J0cmFpdCI6IjM1In0=” modules_space1=”eyJwaG9uZSI6IjIxIiwiYWxsIjoiMjEifQ==” limit=”2″ show_excerpt1=”” show_excerpt2=”none” hide_audio=”yes” custom_title=”DEEP DIVE ARTICLES” block_template_id=”td_block_template_8″ border_color=”#ce472c” custom_url=”https://agbrief.com/category/intelligence/deep-dive/” category_id=”” category_ids=”29291″ time_ago=”yes” m1f_title_font_weight=”500″]

LAST WORD

Legal changes broadly positive, but no cause for celebration

Sharon Singleton - 0
Steve Vickers & Associates, a corporate intelligence and risk mitigation firm with deep roots in Asia, is warning against irrational exuberance in the wake of the publication of Macau’s new gaming law.
Read more

SUPPLIER SPECIAL REPORT

Elsewhere

2022 still ripe for the return of global gaming shows

AGBrief Editorial - 0
Whilst the latest Covid-19 strain has forced certain large-scale gaming events further down the calendar, the industry remains optimistic for the return of some of our most-missed global gaming shows, including Clarion’s ICE Totally Gaming, not to mention our very own ASEAN Gaming Summit 2022.
[td_block_14 image_align=”center” meta_info_align=”bottom” image_floated=”” meta_padding=”” image_radius=”” meta_info_horiz=”” modules_category=”” modules_category_margin=”” tag_slug=”ssr_feb22″ limit=”26″ f_title_font_weight=”600″ image_size=”td_696x0″ hide_image=”” tdc_css=”eyJhbGwiOnsiZGlzcGxheSI6IiJ9fQ==” image_margin_right=”yes” offset=”1″ ajax_pagination=”” modules_on_row=”eyJhbGwiOiI1MCUiLCJwaG9uZSI6IjEwMCUifQ==” modules_gap=”eyJhbGwiOiIxLjYlIiwicG9ydHJhaXQiOiIyJSJ9″ show_btn=”none” show_excerpt=”none” show_com=”none” show_review=”none” custom_title=”SUPPLIERS CONTRIBUTIONS” block_template_id=”td_block_template_8″ header_text_color=”#ce472c” custom_url=”/tag/supplier-special-report/”]

PREVIOUS EDITION

Asia Gaming Briefings – December 2021 Edition

AGBrief Editorial -
In what has now become an Asia Gaming Brief tradition, the Focus Section of our December magazine takes a look at the year in review and asks for forecasts on how the year ahead may evolve. In the following articles, you will find those predictions from a selection of leading figures in Asia’s gaming industry.
Read more