Daily Asia Gaming eBrief: Sands China focused on reducing costs and customer retention

Tuesday 6th of February 2024

Good Morning. A top gaming analyst says that Sands China's new governing figures are working to slash costs while still maintaining their loyal customer base, hoping to leverage its large mass market appeal to then support its non-gaming spend. Meanwhile, the SAR's overall gross gaming revenue is expected to hit new heights in February, as the gold rush continues within the SAR, boosted by the Chinese New Year holiday, says the head of a major peninsular property.

What you need to know

Sands China's new management is focused on reducing costs and customer retention, says consultant Sudhir Kalé.
Macau GGR expected to hit new post-COVID high in February due to sustained momentum: Hoffman Ma, deputy chairman of Success Universe.

On the radar

Macau licensees see income tax exemption until 2027.
AGTech flags a profit of $2.8 million in 2023.
Hard Rock Hotel Singapore to close next month due to RWS’s expansion.

AGB Intelligence

MACAU

Expert: Sands China focusing on cost reduction

The new management at Sands China is focused on cutting down overall costs while also maintaining customers, notes gaming consultant Sudhir Kalé. Grant Chum, the new CEO of the company replaces Robert Goldstein, while also getting the role of President - as Wilfred Wong was elevated. The move is a positive for the company, leading to more hands-on leadership, notes the expert.

Top-down management helping push benchmarks: Aruze Gaming

Aruze Gaming Global moves beyond its roots, with management personally involved. The group bases itself in the US, Macau, the Philippines, Japan, Australia and South Africa, so on-the-ground teams can take decisive action quickly.

WATCH FULL INTERVIEW

Corporate Spotlight

1xBet sums up 2023: Innovations, awards, partners and winnings

1xBet, 2023, innovation, awards, partnerships

1xBet is writing a success story with you and is happy to share its achievements in 2023. During 2023, 1xBet extended sponsorship agreements with world-famous sports clubs, cooperated with new partners and ambassadors, collected awards, and paid millions of dollars in winnings!

Industry Updates

Playtech and FashionTV collaborate on luxury live Gameshow title.
TCSJOHNHUXLEY appoints Alison Zhang National as Account Manager.

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 officially open. Scheduled from 19th to 21st March 2024, the Summit is the gateway to the Next-Gen of gaming in Asia.

MEMBERSHIP | MAGAZINE | ASEAN | CAREERS