Your Daily Asia Gaming eBrief: Cambodia industry shakeout

Thursday 4th of November 2021

Good morning. iGamiX senior associate for Indo-China, Daniel Li, expects Cambodia's casino capital requirements to have an impact on the number of properties in operation but ultimately lead to a more professional industry in the long term.

What you need to know

MGM China reported a market share increase for 3Q21 on a GGR uptick of 12% over the Macau market. Vaccination rollouts to ease travel restrictions.
South Korea's foreigner-only casinos reported mixed fortunes in October, with luck boosting revenue at Paradise Co. to double, while Grand Korea Leisure saw a slight decline.
Caesars Entertainment said its 3Q21 revenue almost doubled, driven by a strong performance from both its Las Vegas and regional casinos.
Scientific Games has announced the acquisition of Malta-based Authentic Gaming to expand into the rapidly growing Live Dealer Casino market.

On the radar

Aristocrat signed licensing deal to develop NFL-themed slot games
Everi swings to profit as revenue surges 56%, driven by gaming ops

What the papers say

MGM is selling the Mirage to reduce its Las Vegas Strip exposure
Chinese couple probed for operating online gambling ring in Vietnam

AGB Intelligence

ON THE GROUND

Capital rules may lead to Cambodia industry shakeout

Daniel Li, iGamix — Daniel Li, Senior Associate, iGamiX

Cambodia’s new casino capital requirements are likely to lead to a shakeout in the number of casinos, but will lead to a more professional industry in the longer term, says Daniel L i, senior associate for Indo-China business development at iGamiX Management & Consulting. “There will be a change in the way the business model will work for smaller casino operators,” Li said. “It won’t necessarily be consolidating, but more like a tenant looking at leasing space from more established casinos who do meet the requirement. They have about 12 months to consider either expanding their footprint and investing in their footprint, or they can look at working with a bigger entity.”

Industry Updates

Pragmatic Play wins three industry awards
Microgaming supports responsible gambling charities
Melco hosts tourism students at Studio City staycation

Supplier Special Report

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Digitain: Happy to be travelling

Digitain had stands at both SBC Summit Barcelona and IGB Live in Amsterdam- and it was great to be back out meeting people in a face-to-face environment, says Simon Westbury, chief business officer at Digitain.