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

The votes are in and Thailand’s military-backed political parties were dealt a definitive blow, as?opposition parties careened to victory, with the Move Forward Party surpassing the Shinawatra-backed Pheu Thai Party. In a special deep dive, Daniel Cheng looks at the possible impacts this wave of youthful politicians could have on the nation’s?casino aspirations and wider tourism?product implications for the country.

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.