Daily Asia Gaming eBrief: PAGCOR Chief: GGR to return to pre-pandemic levels this year

Good Morning: The winds of change are blowing. After suffering through years of COVID-induced trauma, the Philippine gaming industry should reach pre-pandemic GGR levels this year, says the PAGCOR Chairman. Junkets and high-rollers are slow to return, but new openings in Clark bode well for the future, notes the official. And in Macau, authorities continue to quantify gaming operators' social responsibility, with a legislator proposing a framework to clarify contributions.

What you need to know

• PAGCOR Chief foresees sustained growth in the Philippine gaming industry, with expectations of GGR returning to pre-pandemic levels this year.
• New framework for evaluating the social responsibility performance of gaming operators in Macau suggested by local legislator.

On the radar

• The Star confirms sale of Sheraton Grand Mirage for $125 million.
• Ha Long casino operator reports increased losses in 3Q23.
• Malaysian authorities arrest 10 in $972k theft from Genting Highlands.
• Pasay City Chief of Police, 26 others relieved of duty in POGO investigation.
• PH introduces enhanced e-Visa extension measures for foreigners.

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