Your Daily Asia Gaming eBrief: Non-gaming in Macau starting to bear fruit

Good Morning. The non-gaming push in Macau could be starting to yield some results, as large-scale concerts have driven spend in both gaming and non-gaming - notes Morningstar analyst Jennifer Song. As summer approaches, Macau, Singapore and Korea are all set to benefit from record-high interest in travel, as booking sites see demand surge. And in Australia, Crown has been leveled with a $294 million penalty for non-compliance with AML/CFT laws.

What you need to know

• Morningstar analyst Jennifer Song notes Macau's non-gaming push is beginning to work, even as operators saw record 1Q23 earnings.
• Crown Resorts has been hit with a $294 million fine for non-compliance with AML/CFT regulations at its Perth and Melbourne properties.
• Summer travel bookings are surging, with strong interest in regional travel within Asia - set to benefit Macau, Seoul and Singapore.

On the radar

• PAGCOR cancels CGC POGO license and ends Sun Valley Clark hub.
• Apple says “legal requirement” needed to take betting apps from store.
• RGB International reports profit of $2.3 million for 1Q23.
• Macau ranks within the top 10 cities for traveler spend: WTTC.
• Macau’s hotel employee figures drop in 1Q23, to 46k.

AGB Intelligence

MACAU

Morningstar analyst says non-gaming performance encouraging

Industry Updates

• SJM: harnessing HK market with leisure and entertainment.
• Pascal Gaming introduces a new line of slots.

G2E Asia Singapore 2023

• BMM Testlabs attending G2E Asia Singapore.

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