Your Daily Asia Gaming eBrief: Industry keen to reconnect at gaming summits post COVID

Good Morning. As we continue with the in-depth coverage of the findings gathered at ASEAN 2022, we bring you the overwhelming feedback from industry stakeholders: Ken Jolly, VP, and MD Asia, Light & Wonder; Peter Williams, MD Asia, Continent 8; Jane Guan, CCO, Pinnacle; and Bhavesh Parthi, MD, 48 Pacific. 

What you need to know

• Mohegan increased credit allocation for its South Korea Inspired project by 13 percent with a $73 million top up while maintaining its 2023 deadline.
• Fitch Ratings expects Las Vegas gaming revenues to dip 10 percent in 2023 as demand weakens amid a broader economic slowdown.
• J.P. Morgan classed Aristocrat “Overweight” based on opportunities in revenue, growth dynamics amidst challenges in the digital space.

On the radar

• GTA appoints Ball, Louis, as Chair, Vice Chair at AGE 2022.
• Mohegan’s profit up 1.5 times at $59.4 million for 2Q22
• China low consumer confidence to impact Macau: Bernstein.

AGB Intelligence

ASEAN 2022 - FINDINGS

Industry keen to reconnect at gaming summits post COVID

Industry Updates

• ODDSworks partners with Jumbo in North American markets.
• Pragmatic Play charges collect mechanic in Black Bull.
• IGT’s PlayDigital iSoftBet goes live with Eyas Gaming.
• Play’n GO strikes gold in Forge of Fortunes.

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