Your Daily Asia Gaming eBrief: High expectations for Genting Berhad on rise in visitors to IRs

Good Morning. A tale of many cities. That's what's driving the high expectations for the second-half results of Genting Berhad, with analysts at Maybank saying visitor arrivals have increased at all of its integrated resorts. Looking to Macau, strong rises in tourism and gaming were seen in the second quarter, causing GDP to double yearly. And the fate of the Macau Jockey Club remains uncertain, as authorities won't provide details on whether it's fulfilling its concession obligations.

What you need to know

• Maybank has high expectations for Genting Berhad in 2H23, with anticipated quarterly improvements driven by increasing visitor arrivals at all its integrated resorts.
• Gaming watchdog with no response to Macau Jockey Club's possible investment plan failings, debts and ongoing likelihood.
• Macau's GDP doubles year-on-year in the second quarter, driven by the thriving tourism and gaming sectors.

On the radar

• Singapore money laundering suspects linked to China gambling groups.
• Australia's largest EGM operator fined for not minimizing gambling harm.
• China intensifies regional crackdown on gambling crime, repatriates 24.
• China’s platforms remove live streaming features in gambling crackdown.
• Macau police impose crowd control measures due to surge in visitors.

AGB Intelligence

GENTING BERHAD

Maybank holding high expectations as visitor arrivals surge at IRs

Corporate Spotlight

Industry Updates

• Wazdan to unveil 10 slots before the end of the year.
• SOFTSWISS receives GLI-19 and GLI-33 certifications.

MEMBERSHIP | MAGAZINE | ASEAN | CAREERS