Asia Gaming Briefings – Nov 2020 Edition


IN FOCUS: MACAU – A place in the Bay


china

Operators eye China projects as governments push integration

As Macau and China step up cooperation in the Greater Bay Area, the territory’s operators are paying heed and turning their attention to opportunities on the Chinese Mainland.
Hong kong, macau, travel bubble

HK/Macau travel bubble positive, but don’t expect a gold rush

The travel bubble that is being discussed between Hong Kong and Macau would be a positive step in opening up the market, but wouldn’t necessarily lead to a surge in gross gambling revenue for the territory.
Grand lisboa Palace, macau

Grand Lisboa Palace takes its place on Cotai after muted debut

SJM Holding’s long-awaited Grand Lisboa Palace made a low-key debut in late July, filling out the offering on the Macau Cotai Strip as the last major IR planned for Macau.
China

China soft power packs punch in online gambling crackdown

China’s crackdown on online cross border gambling is showing no signs of easing, with Beijing’s increasing deployment of soft power across Asia reducing safe havens for operators.
Philippines Q2 GGR plunges

PIGO market gradually evolving, with restriction to VIP bets dropped

The Philippines is pushing on with efforts to develop its domestic online gambling market, with the regulator recently tweaking rules to lift a restriction on only accepting bets from VIP players.
hatien vegas, cambodia

Casinos shuttered on resurgent Covid

Up until February, Cambodia was one of the world’s Covid success stories, with very few cases and no deaths. That has now changed, with the government in Phnom Penh struggling to control an outbreak, resulting in the widespread closure of the country's casinos.

JURISDICTIONS UPDATES


china

Operators eye China projects as governments push integration

As Macau and China step up cooperation in the Greater Bay Area, the territory’s operators are paying heed and turning their attention to opportunities on the Chinese Mainland.
Hong kong, macau, travel bubble

HK/Macau travel bubble positive, but don’t expect a gold rush

The travel bubble that is being discussed between Hong Kong and Macau would be a positive step in opening up the market, but wouldn’t necessarily lead to a surge in gross gambling revenue for the territory.
Grand lisboa Palace, macau

Grand Lisboa Palace takes its place on Cotai after muted debut

SJM Holding’s long-awaited Grand Lisboa Palace made a low-key debut in late July, filling out the offering on the Macau Cotai Strip as the last major IR planned for Macau.
China

China soft power packs punch in online gambling crackdown

China’s crackdown on online cross border gambling is showing no signs of easing, with Beijing’s increasing deployment of soft power across Asia reducing safe havens for operators.
Philippines Q2 GGR plunges

PIGO market gradually evolving, with restriction to VIP bets dropped

The Philippines is pushing on with efforts to develop its domestic online gambling market, with the regulator recently tweaking rules to lift a restriction on only accepting bets from VIP players.
hatien vegas, cambodia

Casinos shuttered on resurgent Covid

Up until February, Cambodia was one of the world’s Covid success stories, with very few cases and no deaths. That has now changed, with the government in Phnom Penh struggling to control an outbreak, resulting in the widespread closure of the country's casinos.
MGM-Orix, Japan

Clash of casino titans becomes a damp squib

The future shape of Japan’s IR casino industry is slowly beginning to take shape, but instead of a heated battle between the world’s gaming giants, regional governments have found themselves with limited choice in their potential gaming partners.
saipan

Saipan seeks to unravel IPI mess

Authorities in the Commonwealth of Northern Mariana Islands are considering a proposal for two gaming licenses for the island of Saipan if the monopoly permit of Imperial Pacific International is revoked.
Online gambling, india

Covid drives online growth, attracting foreign investor interest

India online gambling market has seen explosive growth during the Covid crisis and that’s showing no signs of slowing down as overseas investors increasingly target the market.
Sharon Singleton

Should Beijing’s economic rampage concern Macau?

Melco Resorts & Entertainment Chairman and CEO Lawrence Ho says he’s not expecting any nasty surprises from the upcoming concession renewals in Macau, although stock market investors are not so sure.

LAST WORD


china

Operators eye China projects as governments push integration

As Macau and China step up cooperation in the Greater Bay Area, the territory’s operators are paying heed and turning their attention to opportunities on the Chinese Mainland.

SUPPLIER SPECIAL REPORT



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