Weekend Conversation Corner – April, 11
Welcome to the most recent instalment of our Focus Gaming News Weekend Conversation Corner, where we provide a brief overview of the week’s most important headlines that have captured global interest. As we condense the flurry of events into a clear and focused summary, we will delve into the key stories that have shaped the narrative, impacted policies, and sparked conversations. Join us as we cut through the noise and offer a concise recap of the week’s significant developments, keeping you informed on what truly counts in today’s rapidly changing world.
Stay informed, stay motivated, and continue gaming. Wishing you a fantastic weekend ahead!
Fernando Saffores – Founder and CEO at Focus Gaming News
Macau GDP forecast revised amid US tariffs
The University of Macau has revised its GDP growth forecast for Macau from 7.7 per cent to 6.8 per cent due to increased global economic uncertainty following US president Donald Trump’s tariff announcements. The report highlights that US tariff measures and China’s economic slowdown will impact Macau’s economic growth, as China is the main market for Macau’s exports. The report predicts a 6.8 per cent growth in exports of services, 3.8 per cent growth in private consumption expenditure, 0.7 per cent CPI inflation rate, and 1.7% unemployment rate. In 2024, Macau’s GDP rose by 8.8 per cent year-on-year to MOP403.31bn, with exports of services increasing by 9.2 per cent and visitor arrivals rising by 23.8 per cent. However, exports of other tourism services fell by 6.1 per cent due to a high comparison base in 2023.
Thai PM defends casino bill
Paetongtarn Shinawatra defends the bill to legalize casino resorts in Thailand, emphasizing that gaming areas will occupy less than 10 per cent of each entertainment complex. She believes this move will create new job opportunities and improve skills development. Despite the government postponing a parliamentary debate on the bill, Shinawatra plans to reintroduce it in the next session. However, civil society organizations have criticized the rushed approval process and lack of consideration for concerns raised by lawmakers, academics, and the public. While an online survey showed 80 per cent support for the casino legislation, a more recent poll indicates that many Thais have doubts about its potential negative impacts.
Philippine GGR set new record in 2024
The Philippine Amusement and Gaming Corporation (PAGCOR) reported that Philippine gross gaming revenue (GGR) reached a record PHP372.3bn (US$6.51bn) in 2024, with a 30.52% increase year-on-year. The total revenue, including offshore games, reached PHP410.47bn (US$7.1bn). Land-based casinos contributed the most, generating PHP201.83bn (US$3.53bn), followed by E-Games and E-Bingo sector at PHP154.5bn (US$2.67bn). PAGCOR’s net income also saw a significant increase. Chairman and CEO Alejandro Tengco emphasized the role of licensed casinos in driving growth and funding socio-civic programs. The industry’s evolution and commitment to responsible gaming were highlighted, with a focus on contributing to nation-building and creating more opportunities through the gaming sector’s growth.
The Star agrees US$180.2m deal with Bally’s Corporation
The Star Entertainment Group has entered a AU$300m investment agreement with Bally’s Corporation, pending shareholder approval in June. Bally’s will provide funding through convertible notes and debt tranches, with the first AU$100m expected by April 9. If approved, the deal would convert 56.7% of The Star’s capital. The coupon rate is 9% per annum, with a maturity date in 2029. The company is also in talks with Investment Holdings for an additional AU$100m investment. The board intends to recommend approval to shareholders, with a booklet and expert report to be provided. The shareholder meeting is targeted for late June. Additionally, The Star Gold Coast’s licence suspension has been deferred to September 30 for remediation consideration, with oversight extended in New South Wales.
Philippine senator renews call for swift passage of anti-offshore gaming bill
Senator Risa Hontiveros is advocating for the passing of an anti-offshore gaming bill in the Philippines to crack down on scam operations. She emphasizes the need for a regional approach to combat transnational criminal activities linked to illegal offshore gaming. Hontiveros calls for ASEAN to lead in creating a code of conduct to dismantle scam hubs, rescue trafficking victims, and hold criminals accountable. She also urges collaboration with Western countries and supports strengthening the Bali Process to address irregular migration. In a related development, Porac mayor Jaime Capil was dismissed for failing to stop the operations of an illegal offshore gaming operator. Capil plans to appeal the decision, while others involved were cleared due to lack of evidence. Lucky South 99, the gaming operation in question, was raided last June, resulting in the arrest of 207 workers from various countries.
Iwi leaders oppose planned licensing system for online casinos in New Zealand
Indigenous leaders in New Zealand are opposing a bill that would open up the online gambling market to 15 operators without consulting the communities most vulnerable to gambling harm. They are concerned about the potential increase in gambling harm, lack of support for problem gambling services, and the impact on Māori and Pasifika communities. The group is calling for a pause in the plans and for experts and community leaders to be heard before the proposed start of the regime. The Minister of Internal Affairs has stated that the bill will go through Parliament later this year, allowing the public to share their views during the select committee process. The licensing system for online casinos is expected to be operational by early 2026, with strict regulations on advertising and limited offerings to casino games only.
