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Daily Asia Gaming eBrief: Casino Filipino operators likely to get first crack at purchase
Good Morning. If it's not broken, don't fix it. The same policy could apply towards the privatization process of Casino Filipino, as PAGCOR's Chairman hints that it would be smoother to offer current operators the option to buy out the regulator's stake and keep the venues running. Meanwhile, in Malaysia, the COO of Genting says that casino operations are not going to be halted, despite speculation, as Resorts World continues strong. And on the supplier side, Aristocrat Gaming highlights its latest market winners, including its iconic Dragon Link.
What you need to know
- PAGCOR's Chairman hints that granting the right of 'first refusal' would greatly simplify its privatization process.
- Genting Malaysia COO assures casino operations continue amid strong RWG growth, dispelling closure concerns.
- Aristocrat Gaming gives an overview of its latest offerings that are taking the APAC market by storm: check out the video.
On the radar
- PAGCOR Chairman: possibility to lower tax rates depending on FY25 results.
- Tabcorp slapped with fine for allowing a minor to gamble in Victoria venues.
- Evolution games used in SE Asia illegal online casinos: Report.
- Queensland’s May gaming revenue tally up 13.8% yearly.
- Minimal GGR impact as Macau casinos stop free snacks: MS.
- Macau’s new outdoor concert venue next to Grand Lisboa Palace.
AGB Intelligence
PHILIPPINES
Right of first refusal seems fair for Casino Filipino privatization
The Chairman of PAGCOR hints that the current joint venture partners in its Casino Filipino properties would be the ideal future operators, given their knowledge and history, leading to an easier transition. Outside investment is still welcomed, if it materializes, as the properties are located in key cities with large populations, meaning that any operator would be remiss to close its casino even for a day, notes the official.Corporate Spotlight
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Industry Updates
- PopOK Gaming's new partnership with SYNOT Interactive.
- Genius Sports and IBIA establish global sports integrity partnership.
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2024-12-20
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