Daily Asia Gaming eBrief: POGO ban creates number of important questions

Good morning. Goodbye to POGOs. At least that was the tone of the Philippine President when he announced that offshore gaming operations overseen by PAGCOR should be banned by the end of the year. A legal expert points out how this could cause a refocus on onshore gaming. But questions remain as to whether forms of offshore will continue, particularly outside PAGCOR's purview. Meanwhile, Macau operators continue their market share dance, with expectations for continual adjustments throughout this and next year, despite few surprises anticipated from the soon-to-be-released 2Q24 results.

What you need to know

• Legal expert suggests that the Philippines' POGO ban will redirect PAGCOR’s regulatory focus to onshore gaming activities.
• The market share of Macau gaming operators is expected to continue to shift through FY24 and FY25, but 2Q24 shouldn't hold many surprises.

On the radar

• Entain appoints former Games Global Chair Gavin Isaacs to CEO.
• Dowinn Group reopens all VIP rooms, but majority record no activity.
• Look inside Macau’s failed ultra-luxury hotel The 13 after its ‘reopening’.
• Macau's visitor arrivals surge 43.6% in 1H24.

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