Daily Asia Gaming eBrief: Lack of understanding over Thailand's draft casino bill

Good morning. It's the same but different. As Thailand forges ahead with efforts to legalize casinos in the country, there is still a fundamental lack of understanding over key aspects of the draft bill. Plus, the nation will have a completely unique sector, making it difficult to benchmark it with regional competitors such as Macau. Meanwhile, analysts at Fitch are predicting that Genting Berhad can hit pre-pandemic revenue levels either this or next year. And in Australia, further restrictions are being put in place to protect youth from gambling harm, now focused on loot boxes and gambling-related content in video games.

What you need to know

• Thai parliamentary feedback on the casino legalization reveals a lack of understanding of the integrated resorts industry, notes a gaming expert.
• Fitch Ratings has raised revenue forecasts for Genting Berhad, anticipating a return to 2019 levels by 2024 and 2025.
• Australia tightens regulations on loot boxes and gambling features in video games, coming into effect on September 22nd.

On the radar

• Foreign POGO workers were given until Oct. 15th to voluntarily repatriate.
• Crown Resorts considers sale of Capital Golf Club amid financial challenges.
• PCSO GM elected to Executive Committee of Asia Pacific Lottery Association.
• Taiwan corruption case unveils $188M debt of billionaire to Alvin Chau.
• Escalante’s Virtual Gaming Worlds surges to another record-breaking profit.
• Ex-police chiefs in PH concerned over allegations of POGO payroll involvement.
• PH police investigating Ex-Chiefs over claims of aiding Alice Guo’s escape.
• Business owners are unhappy with Wynn Macau’s old district revitalization plan.

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