Macau’s Meetings, Incentives, Conferences, and Exhibitions (MICE) sector continues to drive non-gaming revenue, generating MOP4.48 billion ($557 million) in the first three quarters of 2024.

Non-gaming visitor spending in Macau has seen a notable decline, with per-capita spending dropping by 17 percent from January to September 2024.

Wynn Macau reported weak non-gaming revenues in its 3Q24 results, reflecting persistent headwinds in key segments such as hospitality and retail, say analysts.

Analysts indicate MGM China Holdings reported underwhelming 3Q24 results, with property EBITDA falling short of expectations due to increased non-gaming expenditures, potentially signaling challenges in maintaining margins.

In a maze of red tape. Non-gaming projects initiated by Macau's gaming operators are progressing slower than expected due to bureaucratic hurdles and a lack of clear planning, community representatives told AGB.

Travellers, the owner and operator of Newport World Resorts in Manila saw its core revenues increase by 20 percent quarterly and 16 percent yearly, reaching PHP8.5 billion.

Gaming operator Melco Resorts & Entertainment saw a 22.33 percent rise in its operating revenues for the second quarter of the year, nearing $1.16 billion, led by the continued recovery in Macau – prompting improved performance in both the mass market and non-gaming segments.

Employment in Macau's gaming sector fell slightly in the second quarter, despite the city's overall unemployment rate returning to pre-pandemic levels.

Although some research shows that the willingness of Chinese tourists to spend in Macau remains high, recent market changes signal a potential decline in consumption.

Genting Bhd, the largest casino conglomerate in Southeast Asia, is expanding its presence in the non-gaming sector with a RM5 billion ($1.06 billion) investment plan in the energy industry.