Your Daily Asia Gaming eBrief: Melco CEO: Company can absorb a 20 percent investment increase

Good Morning. Melco continues to aim for luxury, with the opening of its latest non-gaming offering, W Hotel at Studio City, aiming to further the group's focus on higher-end clientele. The group's CEO expressed confidence that its buildout will allow the company to absorb a potential 20 percent increase in its investment pledge, mandated if GGR levels pass $22.45 billion. Meanwhile, analysts at Deutsche Bank say Macau is seeing healthy market trends, despite lower player spend compared to 2019.

What you need to know

• Melco able to absorb 20 percent investment increase as GGR levels rise, operators working with gov't on diversification plans: CEO.
• Deutsche Bank says that the Macau gaming industry maintains healthy market trends with lower player spend still well off 2019 levels.
• W Hotel, latest Macau opening, aimed at 'discerning travelers' aiming for 'immersive luxury': Studio City SVP.

On the radar

• Genting well-poised for NYC gaming license, with annual GGR of $500mln.
• Universal Entertainment expects appeal of SPAC merger annulment decision.
• Sing. Minister: money laundering investigation not due to external pressure.
• Nepal border casinos pose high money laundering risks – Report.

AGB Intelligence

MACAU

Melco able to handle potential 20 percent investment increase: CEO

Corporate Spotlight

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