Your Daily Asia Gaming eBrief: Thailand election results bode well for casino push

Good Morning. All eyes continue on Thailand, with Daniel Cheng giving us a deep look into the implications the political shift in the country could have on its casino aspirations, as youthful politicians reshuffle the agenda. In Macau, legacy gaming operator SJM saw a return to positive EBITDA, despite underperformance from its Cotai Grand Lisboa Palace. Meanwhile, in the SAR, politicians have drafted a new law that includes digital currency, providing a possible avenue for the use of the digital yuan in gaming.

What you need to know

• Thailand's election reshuffle sees the opposition rise to the front, with Daniel Cheng examining the possible impact on the country's casino aspirations.
• SJM narrows its loss and sees a return to positive EBITDA, despite being dragged down by sub-par performance at its Grand Lisboa Palace property.
• Macau finishes drafting a new law that includes digital currency, providing a potential avenue for the use of the digital yuan in casinos.

On the radar

• Light & Wonder inks supply deal for Mohegan’s INSPIRE.
• PAGCOR remits $34.74mln to treasury on strong 2022 results.
• Fanatics Betting and Gaming to buy PointsBet US for $150 million.
• Entain’s Chief Governance Officer to retire.
• Macau’s economic climate recovering, but SMEs in trouble.
• APE 1Q23 revenue up 33.6% with loss narrowing to $485,000.

AGB Intelligence

THAILAND

Stunning results from Thailand elections bode well for casinos

Industry Updates

• Sands China enriches non-gaming with ‘Sands Performing Arts Program’.

G2E Asia Singapore 2023

• PopOK Gaming exhibits its latest gaming solutions at G2E Asia 2023.
• Atlas-IAC unpacks “no-risk” sportsbook with flagship stand at G2E Asia.

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