Your Daily Asia Gaming eBrief: Which rebound path will Asia follow?

Good Morning. Asia’s gaming jurisdictions are beginning to open up and at present strong pent-up demand is expected. However, as the global economic picture darkens, will rising inflation and concerns about future financial health eat into player enthusiasm? In today’s Deep Dive we take a look at two major gaming jurisdictions that have been open for some time and which are facing divergent outlooks. The U.S. is powering ahead, though the U.K. is showing signs of consumer unease. 

What you need to know

• SJM acquisition of Casino Oceanus for $243 million through a convertible bond issue is a “net negative to sentiment,” but not “hugely needle moving”: J.P. Morgan. 
• India’s move to set up an inter-ministerial panel to study regulations for skill-based online gambling has been welcomed as a “step in the right direction” for the burgeoning industry.

On the radar

• Reef Casino says Australia domestic market strong, eyes tourism return.
• Osaka citizens create sticky situation for governor with referendum push.

AGB Intelligence

DEEP DIVE

U.S. gambling fires ahead, but inflation concerns crimp U.K. - where will Asia stand?

Industry Updates

• TCSJOHNHUXLEY debuts Money Wheel designed for iGaming sector.

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