Monday, July 15, 2024

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Macau, Thailand and the UAE: opportunities and threats

Veteran analyst Vitaly Umansky says that Macau's second quarter data is looking optimistic, as April and May started strong, lifting results. However, operators are needing to focus strongly on mass and premium mass to drive revenues up, as competition increases, even as the market should continue to grow.

Over 14k arrests in Thailand on an anti-scam crackdown operation

In a crackdown on online fraud over seven months, Thailand's Royal Police have arrested over 14,000 individuals involved in call center scams, investment fraud and illegal gambling.

Daily Asia Gaming eBrief: Thailand “desperate” to open casino before Japan

It's a race against time. Authorities in Thailand are doing their utmost to accelerate legislation that paves the way for the country's first integrated resort, with an expert saying they're "desperate" to beat Japan to the punch.

Thailand racing to open IR before Japan but faces legislative hurdles: Panelists

Thai authorities are "desperate" to beat Japan and open an integrated resort before 2030, the legislative process in Thailand is expected to be complex and laden with delays, say experts.

Experts divided over Thailand successfully creating an attractive casino environment

Top experts are divided about the potential for Thailand to successfully move forward with an effective, realistic, and long-lasting casino industry which will be attractive to top international gaming operators.

Bloomberry Resorts denies expansion to Thailand

Philippine gaming operator Bloomberry Resorts Corporation has issued a clarification note denying news regarding potential expansion plans into the possible future Thai gaming market.

Genting Chairman: group open to UAE and Thailand IR investments

The Chairman of Genting Group, Lim Kok Thay, says that the company is open to pursuing an integrated resort opportunity in the United Arab Emirates and is awaiting more information to see about whether to bid for an IR development in Thailand.

Daily Asia Gaming eBrief: Wynn targeting UAE, possible Thailand expansion

Wynn Resorts is doubling down on its investment in a new IR in the UAE, with Wynn Al Marjan Island expected to get a $900 million investment from the company, of the total $4 billion needed for the project. The group's CEO notes that construction is going smoothly, with expectations to open the property by 2027.

UAE IR project investment could reach $900M, Thailand under analysis: Wynn CEO

Wynn Resorts' Chief Executive Officer, Craig Billings, revealed recently that the group's Wynn Al Marjan project in the UAE should absorb almost $900 million in investment. As for Thailand, the group is "actively" considering possible greenfield development opportunities and observing the development of its future gaming regulatory framework.

Daily Asia Gaming eBrief: Cambodia facing looming threat of Thailand: expert

The gaming market in Cambodia is undergoing significant changes, with aims to improve the operating environment, transparency and market conditions, but Thailand is becoming increasingly worrisome, notes expert Daniel Li.