Good morning. Macau is still playing the volume hand. CreditSights says new and upcoming premium non-gaming offerings should provide more support to Macau’s casino resorts, but the bigger message is that visitor volume remains the main card. With China’s growth outlook softening, the firm says a sharp increase in per-capita non-gaming spend will be harder to count on. Also in Macau, the government is proposing a tougher AML regime covering virtual assets, company transparency, and new powers for judges to suspend suspicious financial transactions in real time. Meanwhile, in the Philippines, PAGCOR has amended its e-gaming rules, clarifying requirements for affiliates, support service providers, payment channels, and venue changes.
What you need to know
- Macau’s new premium offerings could lift non-gaming spending, though CreditSights says per-capita growth remains difficult.
- Macau is moving to tighten AML rules by targeting virtual assets, corporate anonymity and suspicious financial transactions.
- PAGCOR revised e-gaming rules to clarify accreditation, AML obligations and documentation for affiliates and payment channels.
On the radar
- RGB 1Q26 net profit falls 23% as costs outpace revenue growth.
- DigiPlus appoints corporate finance veteran Ping Chen as president.
- Macau hotel occupancy rises to 90.2% in April, led by 5-star properties.
- Offshore betting ads surge in India despite real-money gaming ban.
- Far East Consortium completes Ritz-Carlton Perth stake sale.
AGB Intelligence
MACAU
CreditSights flags Macau resorts’ upgrades as support for spending
Macau’s casino resorts are adding new premium and non-gaming offerings that could help support spending growth, according to CreditSights. The firm pointed to projects at Wynn Palace, MGM Cotai, MGM Macau, City of Dreams Macau and The Venetian, but said a significant increase in per-capita spending remains difficult. As a result, visitor arrivals are expected to remain the key driver of further non-gaming improvement.
Industry Updates
- PAGCOR donates seven additional Patient Transport Vehicles to LGUs.
- 1xBet named Best Sports Betting Operator 2026 at SiGMA Europe Awards.
- BMM showcases full stack of compliance solutions at SBC Americas 2026.
Corporate Spotlight
How Crypto Adoption in Asia is Changing iGaming Payments
Yevhen Krazhan, CSO at GR8 Tech, explores how surging crypto adoption across Asia is revolutionizing iGaming payments, stating: “When I look at what’s changing fastest in Asia, it’s payment behavior,” as wallets, stablecoins, and seamless cross-border transfers become deeply ingrained in player habits. The winning operators will be those that offer fast, reliable, and local deposits and withdrawals. To make sense of it, Yevhen breaks Asia into two crypto realities.
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