Daily Asia Gaming eBrief: Gaming in Myanmar is at a crossroads

Wednesday 17th of January 2024

Good Morning. Myanmar presents an interesting quagmire of crises versus opportunity, notes expert Ben Lee. Smaller-scale operators focusing on the Chinese and Thai markets stand to make good margins, but ongoing conflict has scaled back visitation, and the threat of Thailand legalizing gaming could disrupt the status quo. Meanwhile, in Macau, GGR has hit some $1.1 billion in just the first two weeks, with analysts at JP Morgan seeing a heady start to the year.

What you need to know

Despite dozens of casinos, Myanmar often doesn't make it on the radar, Ben Lee looks at what's attractive, and daunting, about the country.
Strong momentum in Macau's gaming industry has persisted this month, with GGR at $1.1 billion for first 14 days of January: JP Morgan.

On the radar

Macau hotel prices jump one month before CNY break, says CLSA.
Okada Manila GGR plunged 25 percent in 4Q23 quarterly.
PH authorities find thousands of fake work visas, many issued to POGOs.
Google will allow more real money gaming apps in Play Store.
BMM Testlabs welcomes Luis Fuller as VP of Business Development.

AGB Intelligence

UNDER THE SCOPE

Myanmar: crisis and opportunity - Ben Lee

IGamiX's Managing Partner Ben Lee notes that there are some 50 casinos located within Myanmar, with many attractive opportunities for smaller operators focusing on the Chinese and Thai markets. But ongoing struggles between the military junta and ethnic groups, coupled with the threat of Thailand legalizing gaming, mean that the good times may have been short lived, and the pie may get too small to share.

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