Your Daily Asia Gaming eBrief: Crown case highlights lack of regulator comms

Good morning. Limited co-operation between AUSTRAC and casino regulators was identified as a factor that led to Crown's money-laundering mishaps falling through the cracks, so to speak. Today's Industry Opinion piece comes from Jamie Nettleton and Brodie Campbell of Addisons. The duo discusses the future of Australia's AML/CTF laws and how this will be seen impacting domestic casino operators. 

What you need to know

• Macau is unlikely to see any significant easing of travel restrictions until next year, with real improvement in gross gambling revenue not seen until 4Q21.
• Macau authorities say the outbreak scare is not yet over, after they found traces of Covid in eight samples taken from locations around the city.
• Scientific Games returned to profit in 2Q21 as all business divisions showed sequential growth and its lotteries and digital divisions delivered records.
• Genting Malaysia shares jumped 4% on Monday after the government announced easing of its Covid restrictions as vaccinations rise.

On the radar

• Reef Casino has closed, whilst Star QLD properties have reopened.
• Solaire operator buys back millions of shares for stock incentive plan.
• DraftKings has acquired Golden Nugget Online Gaming in a $1.56bln deal.
• A Saipan slot operator is suing the DOF to stop a new license fee hike.

What the papers say

• IPI will defer its next settlement installment to fix its unstable tower cranes.
• The CNMI casino regulator has enough funds to last only one more year.
• Cambodia has denied news reports that SEZs are hosting casinos.
• Shaquille O'Neal is the new brand ambassador for WynnBet.
• The Philippines hospitality industry is expected to drop by 60% in August.

AGB Intelligence

INDUSTRY OPINION: Jamie Nettleton & Brodie Campbell, Addisons

Crown case highlights lack of regulatory communication

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