Daily Asia Gaming eBrief: Latecomers to Macau boost CNY earnings
Asia Gaming Brief
Asia Gaming Brief is a news, events and networking company focused on Asia Pacific’s rapidly expanding gaming industry.
Good morning. Never too soon, never too late. Although Chinese New Year in Macau feels far behind, it’s crucial for those tallying up the sheets to determine whether potential January revenue carried over into the following month. For analysts, the late-term surge in CNY spending was a positive sign, holding good omens for the future, at least in Macau. Meanwhile, Thailand is taking massive steps forward, with the Council of State concluding its review of the proposed IR legislation – pushing it to the next phase. And in Sri Lanka, changes are afoot, as the new budget proposal aims to increase both casino entry fees and taxes.
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On the radar
AGB Intelligence
MACAU
Prolonged CNY boosts February GGR
January’s GGR results failed to impress in Macau, but that might just be due to players understanding how saturated the city can become over the Chinese New Year holiday. This time, player participation tended to peak in the later days of the holiday, encouraging pundits who were wary of the lackluster January results. But regional concerns still top the charts, as China’s President has warned Thailand about its casino aspirations.
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