Good Morning. Never forget the home crowd. And Vietnam’s move to allow local gaming at Ho Tram is a huge signal that the country is ready for a highly regulated yet open market, which can enable the healthy growth of the sector and steady returns for the government. Looking at Macau, the machine keeps churning out heady results, with November GGR topping $2.64 billion and cumulative results already hitting the government’s full-year expectations. Meanwhile, down under, Star is undergoing shifts in its board as Bally’s makes its presence known.
What you need to know
- Ho Tram’s local-entry approval is set to unlock domestic demand, redirect Cambodian-bound players, and reshape Vietnam’s gaming landscape.
- Macau’s November GGR reached $2.64B, up 14.4% YoY, with cumulative revenue at $28.32B, on the verge of meeting the government’s FY projection.
- Star Entertainment appoints Bally’s leaders Soo Kim and George Papanier as part of a major board overhaul tied to its $196M rescue deal.
On the radar
- Genting 3Q25 results beat forecasts as RWG drives growth.
- Macau to add 800 taxis and launch legislation for ride-hailing.
- Genting seen as a shoe-in for NY casino license.
- Chen Si assumes new role as COO of Resorts World Sentosa.
AGB Intelligence
VIETNAM
Locals gaming reshapes landscape
The move to open up locals gaming in Vietnam is “one of the most significant milestones” in the country’s approach, allowing for increased competition, potential further international expansion, and massive domestic appeal. The decision paves the way for Vietnam to now up its game to be more like the Macaus and Singapores of the world, leveraging it up from the foreign market that had held it back from rampant success.
Industry Updates
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