Daily Asia Gaming eBrief: Crown has strategic advantage after regulatory successes

Tuesday 30th of April 2024

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Good Morning. All is sunny down under, well at least for a certain operator. Crown Resorts appears to have come out on top amongst the sharp crackdown on land-based casinos in the nation. Its success in its remediation efforts now place it at an advantage to the competition, who continue to struggle with authorities, notes an expert. Meanwhile, in Macau new efforts to improve visa access from mainland China can only be a boost to the industry, says Goldman Sachs, in particular for mass.
Due to the Labor Day holiday, Asia Gaming Brief will return to its normal publishing schedule on Thursday, May 2nd.

What you need to know

Crown now has a strategic advantage over competitors after surpassing regulatory hurdles: consultant.
Goldman Sachs sees the expanded visa policies as beneficial for Macau's casino industry, particularly for mass market segments.

On the radar

The Star Chair concedes group not fit to hold Sydney casino license.
Crown Resorts to cut up to 1,000 jobs.
The Star appoints Anne Ward as new Chair, replacing David Foster.
New Macau hotels boost occupancy rate to 85% in 1Q24.
More details emerge in King Gaming Isle of Man investigation.
Macau projects 680k daily border crossings for Labor Day holiday.

AGB Intelligence

AUSTRALIA

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