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The Grand Ho Tram bets on infrastructure and local gaming access

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Location and accessibility remain the single most important competitive advantage in the gaming industry, and Vietnam’s infrastructure pipeline is poised to transform the catchment area of The Grand Ho Tram, CEO Walter Power said during the G2E Asia “Asia Gaming Talk: Marketplaces in Motion” panel.

A new international airport under construction in Ho Chi Minh City will sit just 40 minutes from the property, with a dedicated highway running directly from the airport to the resort. The current journey from Ho Chi Minh City takes roughly two hours.

Walt Power
Walt Power

“This will be a dramatic improvement when it opens next year,” Power said.

The demand-side fundamentals, Power argued, are unusually favorable. The Grand Ho Tram benefits from roughly 300,000 expatriates based in Ho Chi Minh City, alongside historical inbound flows from Korea, China, Taiwan, and the United States. Beyond that lies a structural scarcity: “It’s one casino for 20 million people — that’s the situation we face at Ho Tram.”

The accessibility story arrives alongside a separate but reinforcing development. The Grand Ho Tram was included in a five-year pilot program that opens the casino floor to Vietnamese citizens for the first time, ending a 13-year foreign-passport-only restriction. “I think this might be the first time in the industry that this has happened in Asia,” Power said.

The shift came with an operational overhaul. The property converted all chips and slot machines from US dollars to Vietnamese dong, a transition complicated by an exchange rate of roughly 27,000 to one. “The number of zeros adds additional challenges,” Power said. The mass floor and slots now run in dong, while VIP areas continue to operate in Hong Kong dollars and US dollars, and the cage still accepts USD cash — insulating the property from the dong’s depreciation against the greenback.

Together, the two developments point to a property whose addressable market is widening on multiple fronts at once — geographically through better connectivity, and demographically through expanded local access.

DigiPlus highlights BingoPlus’ growth journey as flagship brand at four-year milestone

Launched in January 2022, BingoPlus became the Philippines’ first interactive livestreaming digital gaming platform. Now marking its fourth anniversary, it has evolved into a fully integrated entertainment ecosystem spanning both online and offline channels, engaging a broad nationwide audience.

Before the rise of smartphones and digital platforms, DigiPlus Interactive Corp., formerly known as Leisure and Resorts World Corp., built its legacy through neighbourhood bingo halls, fondly remembered by many Filipinos as “Bingo Bonanza.”

Through Bingo Bonanza, the company became part of everyday Filipino life, creating community spaces where people gathered to play, connect, and socialise.

DigiPlus

When the pandemic struck, DigiPlus, like many businesses, faced a defining moment: evolve its decades-old model or risk losing relevance in a rapidly changing entertainment landscape. The turning point was BingoPlus.

BingoPlus, as the company’s flagship platform, reflects DigiPlus’ broader strategy of combining technology, seamless user experience, and culturally resonant content to serve a growing Filipino audience.

Digiplus Interactive Corp Philippines

By translating familiar gameplay into modern, interactive formats, the company retained its legacy user base while engaging new, mobile-first audiences. This combination of innovation, strategic focus, and disciplined execution has driven BingoPlus’ next phase of growth.

By 2023, BingoPlus had established itself as a full-fledged digital entertainment platform, offering over 1,000 e-games across categories including bingo, card games, arcade, and slots.

DigiPlus

DigiPlus invested in and expanded proprietary capabilities, including world-class livestreaming studios and in-house game development, enabling continuous innovation and creation of original, localized content.

At the core of the platform is Bingo Mega, its flagship livestreamed bingo experience, complemented by a catalogue of “Perya” games such as Color Game, showcasing digital adaptations of Filipino carnival staples.

In 2024, Pinoy Drop Ball emerged as a breakout hit and became one of the platform’s most-played titles. Launched as the Philippines’ first-ever livestreamed drop ball game, it further expanded BingoPlus’ growing suite of Perya games. The launch demonstrated DigiPlus’ strong investment in research and development to continuously deliver fresh, localized entertainment experiences for Filipino players year after year.

By 2025, BingoPlus had scaled into a comprehensive platform serving tens of millions of users, complemented by over 130 physical sites nationwide that continue to offer traditional bingo experiences while also serving as physical payments and customer support touchpoints for digital users.

The platform has since expanded into new verticals such as casual games and short-form video content, while sustaining strong performance from its homegrown livestreaming games.

As the brand continued to scale, BingoPlus also deepened its investment in Responsible Gaming and player protection initiatives.

Over the years, it strengthened its pioneering Responsible Gaming platform features, including Time Control Settings and Spend & Loss Limits, empowering users to better manage and monitor their gaming activity.

Together with DigiPlus and DigiPlus Foundation (then BingoPlus Foundation), BingoPlus also championed the “Pusta de Peligro” educational campaign to promote safer and more mindful gaming to Filipino audiences through relatable storytelling, expert discussions, and community-led initiatives.

DigiPlus introduces first-ever surety bond for eligible players

Most recently in 2025, BingoPlus, as part of DigiPlus group, further reinforced player protection through the launch of an industry-first surety bond program providing up to Php1 million coverage per verified player wallet, and the expansion of secure player payment touchpoints via partnerships with BSP-accredited providers.

Today, BingoPlus stands as a leading digital platform and a trusted household entertainment brand in the Philippines.

As BingoPlus celebrates its fourth year, it stands as a true testament to DigiPlus’ transformation from a traditional operator into a digital-first entertainment company.

That very evolution finds its grandest expression in the annual BingoPlus Night. Now in its fourth year, the gala serves as the flagship celebration of a brand that has successfully ushered traditional bingo into the digital era and powered DigiPlus’ rise to unprecedented heights in recent years.

DigiPlus

This year’s edition, happening on May 19, promises an even grander revelry that brings together the country’s brightest celebrities and artists. Carrying the theme “Step into the Next PLUS,” the event marks another milestone moment for BingoPlus as DigiPlus continues to expand its digital entertainment ecosystem.

DigiPlus Chairman Eusebio H. Tanco
DigiPlus Chairman Eusebio H. Tanco

“The BingoPlus transformation story was a leap of faith, but it was always driven by our strong commitment to our customers,” said DigiPlus Chairman Eusebio H. Tanco. “Over the past four years, BingoPlus has grown into a platform deeply rooted in Filipino culture, with a mission to bring traditional Pinoy entertainment into the modern age. We look forward to the forthcoming BingoPlus Night as another celebration of that journey and of the people who continue to shape the brand into what it is today.”

The May 19 festivities can be streamed live via the official BingoPlus website, the BingoPlus app, and its official social media platforms on Facebook, X, and YouTube. Special television broadcasts are also slated to air on GTV on May 22 at 8 p.m., and on GMA on May 23 at 10 a.m.

BingoPlus’ evolution from neighborhood bingo halls to a powerhouse digital entertainment platform reflects DigiPlus’ continuing commitment to champion Filipino culture and advance its vision of transforming the world of entertainment for good.

Macau’s growth story splits analysts: revenue up, profitability under siege

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Two of the gaming industry’s most closely followed analysts offered sharply divergent readings of Macau’s trajectory at G2E Asia this week, agreeing on the top-line numbers but parting ways on whether the city’s six concessionaires are heading into a profitability squeeze or simply buying time before the next leg of growth.

Speaking on a panel about the financial outlook for Asia’s integrated resort boom, Vitaly Umansky of Seaport Research Partners and George Choi of Citigroup laid out competing frameworks for understanding a market that has recovered in revenue terms but remains structurally different from its pre-pandemic incarnation.

DigiPlus

A mature market, or one still under-penetrated?

For Umansky, Macau has crossed into maturity. “The Macau market has changed significantly from where it was right before COVID, and profitability and return on investment has changed dramatically from where it used to be,” he said, noting that historically momentum-driven Macau stocks have lost appetite among investors now drawn to AI and technology plays.

Choi, who described himself as “the perennial bull” in the investment community, took the opposite view. Citing penetration rates of under 2 percent into the mainland Chinese population, he argued the runway remains long. Rather than tracking GDP, wine sales or property data — all of which he called backward-looking — he relies on monthly ground-level visits to Macau and a comparison of GGR against overnight visitation, which points to per-capita GGR growth of roughly 10 percent. Citigroup is forecasting 6 percent industry GGR growth and 8 percent EBITDA growth for 2026.

Macau’s premium player focus requires luxury hotel accommodation

“Buying business”: the competitive squeeze

Where the two converged was on the cost side. Umansky warned that Macau is now in its seventh or eighth consecutive quarter of outsized year-on-year growth in operating expenses and player reinvestment ratios. “Every single operator in Macau is buying business,” he said. “And they have to do it because it’s a highly competitive market.”

His most pointed observation concerned the composition of that business. “This isn’t mass, this is VIP called mass,” he said, describing how agents have proliferated across the market and operators are paying for customers in ways that echo the old junket model. He drew a parallel to 2009, when junket commissions spiraled out of control until the Macau government imposed caps — but expressed skepticism that six concessionaires could coordinate a similar reset on their own, citing the free-rider problem.

Only MGM has surpassed its 2019 EBITDA, Umansky noted, largely because it operates 200 more tables than before the pandemic.

Macau, Baccarat, macau GGR, Macau gross gaming revenue

Side bets: lifeline or accelerant?

Choi pointed to side bets as a genuine growth lever, crediting the operators’ creativity and noting that Marina Bay Sands in Singapore has lifted its theoretical hold materially through products like Lucky 6 and Lucky 7. “If it all plays out, then that’s effectively them being able to buy some time before any corrective action can happen in Macau,” he said.

Umansky agreed side bets are beneficial but flagged limits. Roughly 45 percent of MBS’s GGR now comes from side bets, against 20 to 25 percent in Macau — a gap unlikely to close because Southeast Asian players favour high-volatility play in a way Macau’s customer base does not. He also raised a concern about player burn: a customer arriving with a $50,000 bankroll will lose it faster when betting on high-variance products, shortening length of play.

DigiPlus

The base-mass problem

Both analysts identified the erosion of overnight base-mass visitation as Macau’s most stubborn issue. With mainland property values down significantly, discretionary gambling spend among middle-tier visitors has weakened, and operators have responded by lowering the theoretical-win threshold to qualify for premium-mass reinvestment — cannibalizing their own higher-margin business.

Hotel capacity compounds the problem. Macau is running at roughly 90 percent occupancy, with weekends frequently sold out, while operators continue converting standard rooms into suites aimed at higher-tier players. SJM’s border hotel in Hengqin, due to open later, may provide some relief on the affordable end.

Quoting Sheldon Adelson, Choi argued the industry should keep its eye on absolute returns rather than ratios: “EBITDA dollars are more important than EBITDA margin.” Whether Macau’s operators can keep growing those dollars without inviting another regulatory intervention is the question the market has yet to answer.

St8 teams up with ScatterKings to boost premium content offering

St8, a casino games aggregator and full-service tech provider, has partnered with ScatterKings—an emerging studio known for its handcrafted slot titles—to further enhance its content offering in regulated markets.

Through the partnership, St8 has integrated ScatterKings’ personality-led games designed with the product discipline and focus on long-term retention that operators require. This includes Coins of CleoBig Bob’s Gold and the Gold Lock series, each combining time-tested features with innovative twists.

ScatterKings has built its reputation on developing games with operators at the core, focusing on delivering consistent performance through tailored volatility, engaging features and high-quality visuals, ensuring broad appeal across multiple markets.

David Fall, Business Development Manager at St8, said: “Our focus is to equip operators with content that genuinely drives performance. ScatterKings brings a fresh approach to game development, combining proven mechanics with creative execution, and we’re pleased to add their portfolio to our platform as they continue to gain traction as a studio.”

The partnership with ScatterKings marks another step in St8’s ongoing strategy to expand its content offering and support operators with differentiated, high-performing games in competitive regulated environments. Over 200 suppliers are now hosted on the next-generation platform.

Steven Cross, Chief Commercial Officer at ScatterKings, added: “At ScatterKings, we are committed to building games that stand the test of time through genuine craftsmanship and disciplined execution. Our partnership with St8 is a natural fit because they value the same level of technical reliability and creative differentiation that we bake into every game. This deal provides a scalable route for our premium handcrafted portfolio to reach new audiences who appreciate games with distinct personality and proven mechanics.”

Asian gaming enters maturity phase as Singapore surprises and Macau battles costs

Singapore has emerged as the standout performer in Asia’s gaming industry, even as the broader regional market settles into a phase of maturity and slower growth, according to Praveen Choudhary, Managing Director and Head of Asian Gaming and Lodging at Morgan Stanley. 

Asian gaming enters maturity phase as Singapore surprises and Macau battles costs
Praveen Choudhary, Managing Director and Head of Asian Gaming and Lodging at Morgan Stanley

Speaking on the opening day of G2E Asia 2026 at The Venetian Macao, Choudhary told delegates that the “high growth and expansion” category, which once included several Asian jurisdictions, is now effectively empty.

Singapore‘s mass-market revenue has reached 187 percent of pre-pandemic levels, with total gross gaming revenue (GGR) hitting $7.2 billion in 2025 — an all-time high — even though visitation remains 16 percent below 2019. Choudhary attributed the performance not to tourism but to local wealth accumulation. “It is not about visitors who are coming and gambling, which is what Macau is reliant on. It is wealthy people staying in Singapore,” he said, pointing to the migration of high-net-worth individuals to the city-state and to a tax regime that favours direct VIP customers, who are taxed 10 percent below the standard rate. 

Singapore, Marina Bay Sands

Unlike Macau, Singapore operates without junkets, relying entirely on a direct VIP model in which casino operators carry the credit risk under strict anti-money laundering oversight.

Macau, still the region’s largest market, presents a more mixed picture. GGR has grown at close to double-digit rates in the most recent months, and Morgan Stanley forecasts a further 6 to 7 percent increase for 2026.

Macau April GGR totals $2.47B, up 5.5% year-on-year

However, sector EBITDA margins have declined for three consecutive years (24, 23 and 23 percent), and return on invested capital (ROIC) has fallen from 22 percent pre-pandemic to 14-15 percent today. Headcount across the six concessionaires is 3 percent below 2019, yet operating expenses sit at 130 percent of pre-pandemic levels, reflecting higher reinvestment costs and intensified promotional competition for premium-mass customers.

Cotai Strip, Macau

Choudhary also pushed back against the long-standing “under-penetration” narrative used to justify Macau exposure, noting that visitation rates from Guangdong have already reached 20 percent of the population — broadly in line with Las Vegas’s domestic catchment. On the VIP side, he highlighted a quiet recovery:

Manila - Philippines

Philippines continues to struggle

The Philippines, by contrast, is “really struggling,” Choudhary said, with no improvement expected in 2026. Arrivals from China and South Korea fell 20 percent and 10 percent respectively in the first quarter, even after Manila eased its visa policy for mainland Chinese tourists. Land-based GGR declined 9.6 percent year-on-year in 2025 to PHP182.5 billion ($2.97 billion), as offshore and online gambling continued to erode the licensed casino business.

In Japan, Choudhary expressed skepticism that MGM Osaka, the country’s first integrated resort, will open as scheduled in 2030. He also dismissed market speculation around a potential second round of IR licensing, which the Japanese government has indicated could see applications submitted between May and November 2027, advising investors not to factor those projects into their near-term thinking given the long lead times involved in Japanese gaming development.

Wynn Resorts, Marjan Islans, UAE

UAE draws investor optimism

The United Arab Emirates drew a more optimistic assessment. Wynn Al Marjan Island, being developed by Wynn Resorts with a 40-percent equity stake in the $5.1-billion project, currently holds a monopoly position in the market. “This market is great. Obviously luxury is all over UAE. UAE is about luxury,” Choudhary said, adding that he had personally visited the site, located roughly a ten-hour drive from Dubai. 

The luxury positioning, he argued, aligns naturally with the broader identity of the Emirates and supports the long-term investment case, even though Wynn Resorts management indicated earlier this month that the property would face a modest delay from its original spring 2027 opening target.

Choudhary cautioned, however, that the pace at which discretionary travel returns to the region will depend on how the current Middle East tensions, including those involving the United States and Iran, evolve over the coming quarters. “Whatever is going on in the Middle East, we need to figure out when people will start traveling to that area for spending,” he said.

Internet Vikings set for Alberta debut with fully compliant hosting solution

Internet Vikings, a licensed hosting provider for the North American iGaming and online sports betting industry, announces that its hosting solutions are ready to launch in Alberta, Canada.

Internet Vikings’ infrastructure and operational processes already align with the province’s expected requirements, meaning the company can help operators enter the Alberta market faster and with greater confidence. 

The expansion comes following the release of updated hosting, infrastructure, and security requirements by the AGLC. As Alberta prepares to open its market, operators and suppliers are facing strict requirements around cybersecurity and disaster recovery.

Internet Vikings’ experience supporting regulated operators across North America positions the company to help businesses comply with these operational and regulatory requirements efficiently from day one.

Rickard-Vikstrom-l-Founder-and-CEO-of-Internet-Vikings

Requirements include adherence to internationally recognized security standards such as SOC 2 and ISO 27001. In addition, operators are expected to maintain disaster recovery environments, encrypted immutable backups, and perform routine recovery testing to ensure business continuity.

“We are ready to provide the infrastructure and local expertise that operators need to launch and scale successfully in Alberta,” said Rickard Vikström, CEO and Founder of Internet Vikings. “We are already working with operators preparing for launch and understand the urgency involved in getting compliant infrastructure deployed quickly.”

Internet Vikings first established operations in Ontario in 2022 and is now expanding its Canadian footprint into Alberta with hosting solutions, including VMware cloud hosting, bare metal servers, bare metal GPU servers, disaster recovery, and backup solutions.

Evoplay names Diana Larina as Chief Marketing Officer

Evoplay has announced the promotion of Diana Larina to Chief Marketing Officer, highlighting a remarkable internal career journey, and further expanding the company’s senior leadership team.

Diana joined Evoplay in 2022 as Head of B2B Marketing, quickly establishing herself as a key driver of the company’s marketing ambitions. Her exceptional performance led to a promotion to Head of Growth Marketing in 2023, before being appointed Head of Marketing in November 2024.

Her elevation to CMO represents the culmination of a swift and impressive ascent through the organisation, built on consistent delivery and a clear strategic vision.

During her time at Evoplay, Diana has spearheaded a number of landmark projects and high-profile campaigns, consistently elevating the brand’s global presence through innovative marketing, cross-functional collaboration, and partner-focused initiatives. She also played a key role in shifting Evoplay towards a more B2C-focused approach, helping launch strategies designed to strengthen player engagement.

Her people-first leadership style has also helped foster a highly engaged and collaborative team culture, strengthening relationships across marketing, product, sales, and commercial departments while reinforcing Evoplay’s reputation as a forward-thinking industry partner.

Her remarkable achievements have been recognised across the industry through multiple award nominations, including Woman Leader of the Year at the AffPapa iGaming Awards, Young Changemaker at the Casino Guru Awards, Marketing Star of the Year at the G Gate Awards, Young Leader of the Year at the WIG Diversity Awards, as well as a debut appearance on the Top 50 Masters of iGaming Marketing list.

In her new role, Diana will continue to lead Evoplay’s brand, performance and product marketing teams, with a primary focus on driving the company’s growth, strategy and market positioning across the industry.

Commenting on the new challenge as CMO at Evoplay, Diana Larina said: “I’m incredibly proud of what the marketing team has achieved at Evoplay, and I’m excited about what comes next. This promotion is a reflection of the hard work of everyone around me, and I look forward to continuing to push boundaries, build the brand, and drive growth as we expand our presence across global markets.”

The appointment of Diana Larina as CMO reflects Evoplay’s broader commitment to investing in internal talent and building a senior leadership team capable of supporting the company’s ambitious global growth plans.

Ivan Kravchuk, CEO at Evoplay, added: “From the moment Diana joined us, she demonstrated exceptional drive, leadership and ambition. Her journey through the company is a testament to both her talent and dedication, and this promotion to CMO is incredibly well deserved. Diana has consistently delivered impactful results while inspiring those around her, and I’m confident she will continue to play a key role in shaping Evoplay’s future.”

Best for the second year in a row: how FC Barcelona and 1xBet are making history

FC Barcelona have become Spanish champions for the second time in a row. A 2-0 victory in the crucial El Clásico against Real Madrid secured the Catalans’ 29th league title, making Hansi Flick’s side the first team to win La Liga in two consecutive seasons since the 2018–19 campaign.

Winning machine

The success is down to a well-structured system. 11 league titles in the last 18 seasons is an impressive record! The German coach, who joined the club in 2024, won the domestic treble in his very first season and has now added another trophy to his collection.

In addition to their league triumph, the Catalans are impressive with the quality of their football. In La Liga, FC Barcelona have the best attack (91 goals scored) and the best defense (31 goals conceded), which is a rare combination even for big clubs.

A key feature of this team is the presence of La Masia graduates in key roles: Lamine Yamal, Pau Cubarsí, Marc Bernal and Fermín López. The squad’s average age is the youngest in the league. This means that Flick isn’t only delivering results – he is building a generation of talented players for years to come by trusting the youth.

FC Barcelona still have league fixtures against Alavés, Betis and Valencia to come. Although these matches don’t matter in terms of the league standings to the Blaugranas, they will do everything they can to improve their amazing statistics and finish their triumphant campaign on a high note.

1xBet and FC Barcelona: a partnership of winners

1xBet has been an official partner of FC Barcelona since 2024, and the latest title marks a shared victory on the path to building a successful long-term project in every respect.

FC Barcelona and 1xBet share the same values: ambition, consistency and a focus on lasting results. A club with a global audience of hundreds of millions of fans, unbreakable traditions and a winning spirit in its DNA – this is precisely the kind of partner that reflects what 1xBet is in the world of betting.

Those looking to work with a brand that only chooses strong partners continue to join 1xPartners and turn their efforts into profit. Become part of this affiliate program and stay several steps ahead in the pursuit of consistent success!

Sands China says Macau diversification could enter new phase over next decade

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Sands China said Macau’s tourism diversification efforts could advance “to a new level” over the next five to 10 years, with meetings, incentives, conventions and exhibitions (MICE), large-scale entertainment events and integrated non-gaming tourism offerings expected to play a growing role in the city’s development.

Speaking during the opening ceremony of G2E Asia 2026 on Tuesday at The Venetian Macao, Sands China chief executive officer and executive director Grant Chum said future growth would depend on deeper integration between tourism offerings, continued innovation and cooperation between operators, government and local stakeholders.

“We should be able to advance diversification to a new level over the next 5 to 10 years,” Chum said during his keynote speech at the annual gaming industry trade event.

Chum said Macau’s diversification progress over the past two decades had been supported by political stability, rising regional demand and the concentration of integrated resorts in Cotai.

“What were the main ingredients for Macau’s success in this diversification?” he said. “I would suggest three key factors: political stability, the demand potential, and the unmatched supply of resort product here.”

Sands China says Macau diversification could enter new phase over next decade

The executive also highlighted the role of MICE and large-scale events in attracting international visitors and extending visitor stays.

As an example, Chum cited a regional technology conference held in Macau during the first quarter of 2026 that attracted more than 6,000 delegates, around 80 percent of whom came from outside Greater China. According to Chum, attendees stayed an average of 3.1 nights, compared with Macau’s typical hotel stay of 1.8 nights.

Chum also pointed to the NBA China Games held in Macau in October 2025 as an example of how large-scale events can broaden Macau’s tourism exposure. Sands China said the event generated around 3 billion online impressions across mainland Chinese social media platforms and included about 100 related activities across its integrated resort properties and community venues.

Galaxy 1Q26 EBITDA rises 8% YoY to $457M, flat QoQ after luck adjustment

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Galaxy Entertainment Group (GEG) reported adjusted EBITDA of HK$3.58 billion ($457 million) for the first quarter of 2026, up 8 percent year-on-year but down 17 percent quarter-on-quarter, with the company attributing the sequential decline largely to unfavorable gaming luck rather than weakness in its underlying business.

The Macau-based casino operator said normalized adjusted EBITDA, after adjusting for luck-related factors tied to its rolling chip program, was approximately HK$3.58 billion ($457 million), up 21 percent year-on-year and flat quarter-on-quarter. GEG noted that fourth-quarter 2025 EBITDA had benefited from approximately HK$731 million ($93 million) in favorable luck, while first-quarter 2026 results reflected around HK$2 million ($255,000) in unfavorable luck.

Group net revenue for the quarter totaled HK$12.4 billion ($1.58 billion), up 11 percent year-on-year but down 10 percent sequentially. Total gross gaming revenue reached HK$12.7 billion ($1.62 billion), up 16 percent year-on-year and down 9 percent quarter-on-quarter.

Mass-market gaming remained the company’s main earnings driver. Mass GGR rose 17 percent year-on-year to HK$9.6 billion ($1.23 billion), declining only 4 percent quarter-on-quarter, while VIP GGR increased 18 percent year-on-year to HK$2.3 billion ($294 million) but fell 25 percent sequentially, reflecting continued volatility in the premium rolling segment.

Francis-Lui-Chairman-Galaxy-Entertainment-Group_
Francis Lui, Chairman of GEG

Francis Lui, Chairman of GEG, said the group’s business performance during the Chinese New Year period was “solid,” with a longer tail following the holiday period similar to last year. He also pointed to Macau’s increasingly diversified visitor mix as a key support for the market’s recovery.

‘The Macau gaming market continues to benefit from a solid recovery in tourism fundamentals, supported by the relaxation of IVS visa policies, an increasingly diversified visitor mix, and a broader range of non-gaming attractions,’ the company said.

GEG also noted that Macau’s visitor base has become increasingly diversified, with international visitor arrivals rising 11 percent year-on-year during the quarter to around 800,000 visitors. Arrivals from Thailand increased 71 percent year-on-year, while arrivals from India rose 41 percent. Visitors from South Korea and long-haul travelers from the United States both increased 7 percent.

The company said it continues promoting Macau internationally through marketing offices in Tokyo, Seoul, Bangkok and Singapore.

Capella-at-Galaxy-Macau

Premium segment supported by Capella ramp-up

GEG said Capella at Galaxy Macau, which officially opened in February, has continued ramping up successfully. The ultra-luxury property features 95 suites and penthouses targeting the super-premium mass segment.

The company also expanded its Horizon Plus premium gaming area from six private salons to ten in an effort to strengthen offerings for high-value customers.

Galaxy Macau, the group’s flagship Cotai resort, generated adjusted EBITDA of HK$3.34 billion ($427 million), up 11 percent year-on-year and down 17 percent quarter-on-quarter. 

Normalized adjusted EBITDA at the property rose 25 percent year-on-year and 2 percent quarter-on-quarter. Hotel occupancy across Galaxy Macau’s nine hotels reached 99 percent during the quarter.

StarWorld Macau reported adjusted EBITDA of HK$383 million ($49 million), up 9 percent year-on-year and 8 percent quarter-on-quarter, with hotel occupancy reaching 100 percent.

Galaxy Arena_Macau

Non-gaming and events strategy remains central

GEG continued emphasizing non-gaming attractions and entertainment events as part of Macau’s diversification strategy.

“World-class entertainment shows and sporting events continued to play a key role in attracting both new and repeat customers to Macau,” Lui said.

The group hosted more than 80 concerts, entertainment shows, sporting events and other activities during the quarter, including the ITTF World Cup Macao and performances by Chinese artists Dylan Wang and Tian Zhen, Hong Kong singer Janice Vidal and comedian Jimmy O. Yang.

The company said it will host UFC Fight Night in Macau later this month, alongside additional concerts and entertainment events through June.

GEG also acknowledged broader geopolitical and macroeconomic risks, including the wars in the Middle East and Ukraine. The company said prolonged disruptions, particularly involving fuel and fertilizer supplies, could affect global economic activity and consumer sentiment, although it noted there has been no direct impact on its business to date.