Good morning. There’s nothing better than support from the higher-ups. And Macau got exactly this praise when President Xi Jinping landed in the SAR. The top official lauded Macau for having a “promising future ahead”, hopefully indicating that the mainland will continue promising policies to allow the flow of punters into the city. Meanwhile, Australia’s responsible wagering watchdog has criticized a recent move to exclude companies from access to research and development tax incentives, asking for legislation that supports “innovation, economic growth, and jobs”.
What you need to know
- Xi Jinping arrives in Macau to celebrate 25 years since its return to China, highlighting the gaming hub’s growth and unique development.
- Responsible Wagering Australia has criticized a recent decision to exclude wagering companies from accessing R&D Tax Incentives.
On the radar
- Former Japan House Representative rejects appeal on bribery charge for IR.
- PH authorities: 24K former POGO employees have already left the country.
- Goa police summon Casino Pride director over money laundering.
- Hengqin is projected to receive 15 million visitors in 2024, a 20% rise YoY.
- Macau’s Mario Ho aims to create a new wave of eSports hotels in Macau.
AGB Intelligence
MACAU
Chinese president praises Macau’s development
Ahead of Macau’s 25th-anniversary celebration, the president of China, Xi Jinping, arrived in the SAR, signalling a transition of power but also cementing the belief in the gaming industry’s economic importance. After landing in the gaming hub, China’s top leader lauded Macau’s internationally recognized success, noting that it has a “promising future ahead.”
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