Daily Asia Gaming eBrief: Dividends not on the radar for Macau operators: brokerage

Tuesday 19th of March 2024

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Good Morning. The rising tide may not lift as many ships as gaming operators may have wanted, with Macau concessionaires loath to give out dividends as they seek to recoup the losses from COVID. And while the move may make many uncomfortable, time will tell what the final outcome is. Meanwhile, in India, a particular scandal continues, as more details emerge about fraud allegations linked to an alleged donor.

What you need to know

Macau gaming operators are unlikely to resume dividend payments by 2025, as deleveraging remains a priority: brokerage.
India’s ‘Lottery King’ emerges as nation’s top political donor amidst allegations of fraud and money laundering.

On the radar

DICJ: casinos to implement 'comprehensive' management via tech.
FE Consortium’s Czech gaming biz aims to raise $41.4M via IPO.
Thai Deputy Police Chief summoned over money laundering charge.
China urges citizens to avoid gambling in Singapore.
SkyCity appoints new Chief Information Officer.

AGB Intelligence

MACAU

Dividends not on the horizon

Macau operators are not anticipating that dividends will be coming forth, as they still aim to recover from the pandemic, and face the new obligations under their 10-year gaming contracts. Brokerages notes that the non-gaming spend will be continual, with certain operators having advantages over others.

Corporate Spotlight

Sumsub takes the lead in gaming fraud protection at
ASEAN Gaming Summit 2024

Sumsub, a full-cycle verification platform, proudly announces its sponsorship of ASEAN Gaming Summit 2024, affirming its commitment to helping gaming companies combat fraud amidst the escalating threat of illicit activities in the region. Sumsub will take centre stage with an insightful panel discussion on How can PAGCOR use AI for Responsible Gaming/AML compliance.

Basketball player Kai Sotto is the new 1xBet ambassador in Asia

Kai Sotto, Basketball player, 1xBet ambassador, Asia

1xBet, a leading global betting company, proudly announces its partnership with rising basketball star Kai Sotto. Hailing from the Philippines, Kai Sotto will serve as the brand ambassador, championing basketball in his homeland and across various Asian nations, extending the 1xBet brand presence across Asia.

Industry Updates

Tam’s Seasons garners first MICHELIN star within first year of opening.
BMM: Elizabeth Orola new VP of Global Professional Service Delivery.

Registration open for the ASEAN Gaming Summit 2024

Registrations for the 2024 ASEAN Gaming Summit, the calendar conference of excellence of the gaming industry in the region, are open. Scheduled from 19th to 21st March 2024, the Summit is the gateway to the Next-Gen of gaming in Asia.

Asia Gaming Awards 2024 recognizing excellence on March 20th in Manila

The Asia Gaming Awards, hosted by Asia Gaming Brief, is set to once again recognize and celebrate the outstanding achievements in the Asian gaming industry. The Awards ceremony will take place on the evening of Wednesday, 20th March 2024, at the Grand Ballroom of the Shangri-La The Fort, Manila.