Your Daily Asia Gaming eBrief: Newport World Resorts: 2023 to be a "bumper year"

Good morning. The sun is shining on the Philippines, with Newport World Resorts expecting 2023 to be a "bumper year", as new offerings come online and both mass and international VIP expand. Macau's March GGR came in at the highest since January 2020, but a scholar warns that visitor confidence is still lacking and non-gaming ROI is difficult to judge. Meanwhile, Moody's estimates Macau's GGR will reach 45 percent of 2019 levels, with US-linked operators having much to gain.

What you need to know

• Dennis Hudson, Sr. Director of Table Games at Newport World Resorts, says that the Philippines is back with a smile and can only grow further.
• Macau's March GGR in at $1.57 billion, 50% of 2019 levels, but a scholar warns that visitors confidence is still lacking.
• Moody's estimates Macau GGR will reach 45% of 2019 levels, with US-linked companies standing to benefit most.

On the radar

• Macau Legend narrows FY22 loss to $77.35 million.
• Aquis: Casino Canberra sale gains to go to shareholders, then wind-up.
• Ponte 16 contributes to $36.5 million FY22 loss for Success Universe.
• GBA tourists and multi-destination packages boost for Macau tourism.
• Only 30 percent of Macau flight connections restored.

AGB Intelligence

PHILIPPINES

Newport World Resorts' Dennis Hudson: PH back with a smile

Industry Updates

• Melco Residency Concert Series debuted withPop Diva Joey Yung.
• SJM positively shaping the future of spa and wellness industry.

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