Your Daily Asia Gaming eBrief: Philippines' success owed also to regional operators

Good Morning. Much of the industry’s success in the Philippines is due to the participation of regional operators catering to a solid local market. In today’s ASEAN 2022 Findings Series we bring you the Regional Property Updates, directly from the top: Trevor Hammond, NUSTAR; David Lawrence, Thunderbird; and further afield from Cambodia, Tim McNally, NagaCorp. Closer to home, FITCH doesn’t believe quarantine tweaks are likely to solve Hong Kong’s troubles.

What you need to know

• Wynn Macau underperformance catalyzed brokerages to conservatively revise the target price of shares. Interactive, US among the quarter’s highs.
• Light & Wonder reported a three-fold widened net loss for 2Q22 at $150 million, as refinancing transactions transform the company’s balance sheet.

On the radar

• Landing International issues profit warning on gaming business uptick. 
• Quarantine tweaks unlikely to solve HK’s economic troubles: FITCH.
• Light & Wonder appoints Roxane Lukas as Chief People Capability Officer.

AGB Intelligence

ASEAN 2022 - FINDINGS

Philippines’ industry success owed also to regional operators

Industry Updates

• Openbox Gaming granted IoM supplier licence, focusing on Asia.
• BETER to launch reinventive esports betting iFrame solution.
• BetMGM taps Jerry Ferrara as brand ambassador, content creator.

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