Macau gaming operators have acknowledged macroeconomic challenges, including a consumption slowdown impacting tenant sales at their shopping malls. However, they maintain that gaming demand has remained resilient across all segments, with steady bet sizes and a continued increase in player count.

Macau’s gross gaming revenue (GGR) is expected to reach $29 billion this year, representing 82 percent of pre-COVID-19 levels, according to projections by Goldman Sachs.

New moves to relax visa requirements for mainland Chinese visitors to Macau is seen as a ‘positive signal’ by analysts, signalling China’s ongoing support for Macau’s economic development, to the possible detriment of other regions.

All six gaming operators in Macau plan to install RFID (Radio Frequency Identification) tables in the coming months to improve marketing efficiency and productivity, according to Goldman Sachs.

The 'sharper-than-expected slowdown' post the Chinese New Year (CNY) holidays is the reason for the lower recovery rate in Macau’s gross gaming revenue (GGR) in February compared to the previous months, says Goldman Sachs.

Both the VIP and mass-market segments, along with higher costs incurred for new hotel openings and sponsorship events, are factors that dragged Galaxy Entertainment Group's (GEG) 4Q23 performance, according to investment bank Goldman Sachs. 

Macau gaming operator Galaxy Entertainment Group (GEG) has bolstered its marketing team amidst intensifying competition in the high-end premium mass segment, says Goldman Sachs.

Alidad Tash picks the top Macau champions and losers for 2023 - with MGM emerging as the underdog. A restructuring of the market means that 2024 should prove quite interesting, as the operators should continue to thrive. Meanwhile, analysts at Goldman Sachs have called Galaxy's performance 'flat' as the group negotiates increased spending associated with its new hotels and large-scale events, even as gaming win turns sour.

Chinese, Japanese and Korean players will account for 80 percent of the addressable market population in the future, according to Goldman Sachs managing director Simon Cheung.

Wynn Resorts has announced the appointment of two new members of its investor relations team, aiming to further grow the group’s business.