Your Daily Asia Gaming eBrief: Thailand's casino plans unlikely to be derailed: expert

Good Morning. As Thailand moves closer to its elections, political roadblocks are unlikely to derail the nation's legalized gambling aspirations, with solid incentives and support for IRs, says expert Daniel Cheng. Macau's Labor Day Golden Week figures surprised, with over 500k visitors to the city. But the gaming hub's satellite casinos are suffering a slow demise. Meanwhile, Moody's analysts predict a stronger return to pre-pandemic levels in Singapore and Malaysia than in Macau and Cambodia.

What you need to know

• Thailand's moves to legalize gambling are unlikely to see any major political roadblocks, with strong incentives for gov't and operators to push forward.
• Labour Day Golden Week figures in Macau surprised the industry, as the city welcomed over 500k tourists and saw strong hotel occupancy.
• Moody's analysts are predicting that Macau and Cambodia will rise to 50 percent of FY19 levels this year, as Singapore and Malaysia top 90 percent.
• Macau's satellite casinos are no longer seen as a good investment, slowly winding down as operators struggle to find clientele.

On the radar

• Foreigner-only S.Korea casinos see strong upticks in April gaming revenue.
• PH Resorts in ‘strategic investor discussions’ over Emerald Bay IR.
• Macau operators asked to strengthen security after casino brawl.
• International Entertainment reducing value of issued shares by 99 percent.
• Suspicious sports betting alerts down, Asia’s linked to cricket and football.
• MGM: next 3 months “hard as it’s ever going to get”, 2030 IR opening.

AGB Intelligence

THAILAND

All stars are aligning for Asia's next big casino hub: Thailand

Industry Updates

• Gonzalo De Osma Bucero appointed EveryMatrix Chief Financial Officer.
• UltraPlay expands reach in Latin American and Southeast Asian markets.

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