Your Daily Asia Gaming eBrief: Phnom Penh covid curfew could be extended

Good morning.

And we’re back! It’s been a busy few days for the Asian gaming industry, despite the Easter break and Ching Ming’s out-of-office celebrations which attracted some 28,000 tourists to Macau. For those wanting a quick summary of the major events over the weekend, be sure to check out our weekend wrap featuring news out of Macau, South Korea and Vietnam. Turning to the most recent news, Osaka’s attempt to bring some competition back into its IR development process has been unsuccessful, with MGM-Orix consortium remaining as the only contender to build an IR in the city.  Meanwhile, Cambodia’s capital city could be extending its lockdown for another two weeks should the number of covid cases continue to rise. The city’s only casino, NagaWorld, has already been closed as of March without an indication of when it would reopen. Finally, we take a closer look at Resorts World Las Vegas, which remains on track to open this summer. The company says it has received strong local support and excitement about the opening from potential patrons.

First, the news


What you need to know


Phnom Penh covid curfew could be extended

Cambodia’s capital city could see a quieter than normal New Year festival if the number of covid cases continues to rise, according to government officials. Since April 1, Phnom Penh has imposed a night curfew to April 14 in order to curb the rising cases of covid-19 in the city. All gambling has been prohibited as well as any activity that would breach social distancing guidelines. Should the virus continue to spread, the curfew could be extended another two weeks, Phnom Penh governor Khuong Sreng said.

Phnom Penh

RWLV on track for Summer opening

Genting’s $4.3 billion Resorts World Las Vegas remains on track to open this summer and says it has received strong local support and excitement about the opening from potential patrons. The resort will be the first new resort to be built on the Las Vegas Strip in more than a decade and property president Scott Sibella says that may give it the edge over neighbouring premises.

Resorts World Las Vegas
Resorts World Las Vegas

Osaka remains stuck with a single bidder

The Osaka government announced on Tuesday that its effort to briefly reopen its RFP process to additional IR consortiums, did not result in any new takers. Osaka Mayor Ichiro Matsui commented to reporters. “MGM has expressed its intention to continue the Osaka IR, even though it is extremely difficult to manage. We are able to respond in good faith as a partner.” While the Osaka government’s desire to bring some competition back into its IR development process is understandable, two reasons stand out for its inability to lure back any challengers.

Insights


EASTER WRAP

Macau estimates cut, Korea lags and Weidner eyes Danang

For those of you just returning to your desks after the Easter break, it’s been a busy few days in terms of news in the Asian gaming industry, from a potential new mega project in Vietnam, to the latest on the impact of the Covid pandemic and more details about Japan’s casino regulation. But first, a look at the recent numbers out of Macau. Although gross gambling revenue figures for March showed an almost 14 percent improvement from the prior month, analysts at Deutsche Bank continue to trim back their forecasts for growth given the slow pace of recovery.

Danang approval ceremony

Industry Updates


Supplier Special


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Jade: Bridging the land-based/online gap

Jade Interactive provides land-based Properties with the tools to expand their operations into the online environment. With online casinos striving to create an immersive experience that resembles the real thing, land-based operators are using groundbreaking technology to make their physical games more entertaining.

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Traffgen Asia: Raising the bar with AI

Traffgen Asia has long term contracts established at Wynn Resorts & Melco Resorts & Entertainment in Macau, Naga Corporation in Cambodia and the Widus Group in the Philippines, and is assisting over 10 different operating locations to enhance their businesses.

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Asia Gaming Briefings, april 2021

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