Asia Gaming Briefings – July 2022 Edition


Countdown to ASEAN

It’s just a few days now until the ASEAN Gaming Summit 2022 returns to the Philippines.
This July edition of AGBriefings is dedicated to the jurisdiction, expected to be one of Asia’s top performing markets with forecast gross gambling revenue of PHP65 billion ($1.15 billion).

The conference will be the first major industry event in Asia since Covid and will kick off on Monday 25th with pre-conference workshops examining how well the region’s tourism markets are recovering since reopening borders.



In Focus: Philippines regional round up, new openings


Focusing on the Philippines

There’s never a dull moment in the Philippines and this year has been no exception, both to the upside and the down.

PAGCOR needs to stay focused, innovative and transparent, Domingo says

The election of a new president in the Philippines automatically triggers a change in leadership at the gaming regulator, the Philippines Amusement and Gaming Corp. (PAGCOR). We asked the outgoing chair, Andrea Domingo, about her proudest achievements over the past six years and what advice she can give to her successor. 

Clark’s MICE ambitions a further boost for casino hub

The Philippines Department of Tourism is seeking to position the Clark Freeport Zone as a destination for MICE with its sister city designated for sports tourism, which may provide a further boost to the region’s already thriving casino industry.

Hann sees strong recovery, plans $1b more in investments

Daesik Han, Chairman and CEO of Hann Philippines, said he plans to spend a further $1 billion over the next five years, adding a larger casino and more hotels and golf courses at his properties.

Cebu marks milestone with debut of first IR, more resorts needed

Cebu is home to the Philippines’ newest integrated resort, with the NUSTAR Resort & Casino opening its doors in May, though some observers say there needs to be more critical mass for the area to reach its full potential as an international gaming destination.

More action needed to quash Philippines rampant illegal gambling

Despite government efforts, the illegal gambling market in the Philippines is thriving, with turnover likely to be in the trillions of pesos. Joe Pisano, CEO of Jade Entertainment, writes that the public and the government need to take more action to combat the problem and reap the benefits the industry can provide.

JURISDICTIONS UPDATES


Macau urges tourism diversification as China crackdown intensifies

Any lingering hope that Macau was exempt from China’s crackdown on its citizens crossing overseas to gamble has now been dashed, with the local government urging operators to look elsewhere for their clientele.

Japan’s missed opportunity

Four years after Japan pushed through its law to legalize gambling, the final bids have been put forward for the government to consider, with only two remaining candidates putting their hands up for one of the three licenses on offer.

Singapore sees a strong return, but longer-term clouds linger

Singapore is back, Las Vegas Sands Chairman and CEO Rob Goldstein said after reporting a strong recovery across all business segments in 1Q22, although some analysts urge caution due to the lack of Chinese gamblers and increasing regional competition.

Analysts forecast brighter skies ahead for Genting Malaysia

Genting Malaysia’s overseas operations are the bright spot for its results at present, but analysts expect a strong recovery in the second half for its key domestic business.

Long road for Vietnam’s international tourism recovery

Vietnam is open for business, however international tourism levels are still far below their pre-pandemic peak. 

Cambodia borders reopening, but casinos face labor, maintenance woes

Cambodia was one of the first countries in Asia to welcome back international travelers, though its border casinos are struggling to reopen amidst staff and building maintenance issues.

Meghalaya opens for gambling to boost tourism

The new kid on the block when it comes to gambling in India is the northern state of Meghalaya, which recently enacted legislation that will permit all forms of gambling.

Star Entertainment sees board clearout after Bell Inquiry revelations

Heads have rolled at Star Entertainment after a probe in New South Wales revealed “sharp business practices” and a corporate culture that put profit over governance responsibilities.

Philippines is on track to be the Asia market leader in 2022

Gross gambling revenue from licensed casinos in the Philippines jumped more than 29 percent in 1Q22, confirming predictions that the country will be one of the best-performing markets in Asia going forward. 

UPCOMING EVENTS

INDUSTRY OPINION

Service blueprinting to adapt to fast-paced change

Casinos are in the business of delivering commercial experiences to customers. The process of providing the customer experience involves a sequence of touchpoints where the customer and the organization interact.

LAST WORD

Macau’s zero-Covid despair

As I’m writing this, there appears to be very little light at the end of a very long tunnel for Macau.

SUPPLIER SPECIAL REPORT


It’s Showtime!!

After a two-year hiatus, the ASEAN Gaming Summit is finally returning to Manila in a new venue at Shangri-la at The Fort.

Asia Gaming Briefings – April 2022 Edition

Asia’s key gaming jurisdictions, namely Singapore and Macau, are undergoing a major regulatory overhaul. In the April 2022 edition of AGBriefings Jurisdiction Updates, the magazine’s focus is on the key changes, and what they will mean for the industry.

UPCOMING EVENTS