Your Daily Asia Gaming eBrief: Don't sell Golden PAGCOR goose, regulate

Good Morning. PAGCOR’s newly appointed chair would consider a regulatory role, for both online and land-based gaming. As for the 40 Casino Philippino operations, the best thing would be to privatize. While Tengco requested "time to study," the House Deputy Speaker suggests a Casino Gaming Regulatory Authority. Despite a drop in visitation, Vegas hits the pre-covid mark. 
AGB apologizes for the delayed distribution of your daily Asia Gaming eBrief due to technical issues beyond our control. Happy reading!   

What you need to know

• PAGCOR would continue to regulate both online and land based gaming, and the best thing would be to privatize casino operations, newly appointed Chair Tengco said as he asked for “time to study” the agency’s role. 
• Deputy Speaker Rodriguez proposes creating a Philipines Casino Gaming Regulatory Authority rather than sell PAGCOR’s “Golden Goose” of remittances in support of social programs. 
• Las Vegas hit pre-COVID mark but, despite increased visitations, July GGR was down 2 percent at $773.4 million against $792.6 million in 2021.

On the radar

• South Korea’s POSCO to oversee Hann Resorts expansion.
• Andrew Lo ascends to chairman of Suncity’s rebranded LET.

AGB Intelligence

ON THE GROUND

PAGCOR Chair considers online, landbased regulatory role, 
requests “time to study” before committing to privatization

Industry Updates

• Hann signs for first PGA affiliated course in the Philippines.
• Konami promotes Gerard Crosby to SVP & Chief Games Officer.
• SJM earns top honors from Wine Spectator Awards 2022.

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