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HomeNewsDaily Asia Gaming eBrief: Macau January GGR to reach $2.2bln: analysts

Daily Asia Gaming eBrief: Macau January GGR to reach $2.2bln: analysts

Good Morning. New Year, new Macau. Analysts are predicting that January GGR could top $2.2 billion, even as the VIP sector continues to decline and regional competition increases. In the Philippines, the president has expressed intent to get off the FATF grey list within this month, pushing government agencies to toe the line. Meanwhile, South Korea’s GKL saw casino sales rise by half in 2023. Further abroad, reports indicate a possible $895 million casino project for Fiji. And in Macau, MGM is offering a bonus and Wynn is upping its share granting scheme.

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AGB Intelligence

MACAU

MACAU, COTAI-STRIP

Citigroup: January GGR to reach $2.2 billion

Analysts at Citigroup are expecting Macau’s gross gaming revenue in January to reach $2.2 billion, marking a strong start to the year. The figure would be a 70 percent recovery to pre-pandemic figures. Experts, however, point out that the shift away from VIP is likely to continue and Macau will face increasing regional competition.


Corporate Spotlight

1xBet sums up 2023: Innovations, awards, partners and winnings

1xBet, 2023, innovation, awards, partnerships

1xBet is writing a success story with you and is happy to share its achievements in 2023. During 2023, 1xBet extended sponsorship agreements with world-famous sports clubs, cooperated with new partners and ambassadors, collected awards, and paid millions of dollars in winnings!


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AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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