Good Morning. Not everyone is an optimist. In this case, the Macau government, who has chosen to chop its estimate for GGR in 2025 for the world’s gaming mecca down to $28.4 billion, as it seeks to estimate the impacts of multiple factors on the city’s lifeblood. That being said, Macau is expected to continue to deliver in the coming periods and even see an uptick throughout the final segment of this year. Meanwhile, crime crackdowns continue in Myanmar, as authorities seek to eradicate the rampant cybercrime hubs that continually pop up, oftentimes incorporating online gambling.
What you need to know
- Macau slashes 2025 gaming revenue forecast by 5% to $28.4 billion, adjusts fiscal plans amid economic slowdown and modest GGR growth.
- A study describes Myanmar’s illegal gambling industry as a central hub for cybercrime: online scams, money laundering, and human trafficking.
On the radar
- Alliance Global Group extends share buyback program with $36M increase.
- Brokers lower Genting Malaysia estimates due to weak performance.
- China’s travel market resilient, with 8.8% holiday spending increase: Fliggy.
- BMM Testlabs appoints Karina Addari to lead Global Digital Services.
AGB Intelligence
MACAU
Gov’t downgrades GGR estimate as 1H results underwhelm
Macau’s government is used to the ups and downs that follow industry trends, but the new regime is still getting accustomed to the cycles. Given the less-than-expected earnings so far this year, officials have opted for a more conservative approach, realizing that their coffers rely almost entirely on the fortunes of its casino market. Estimates for GGR have been revised down, impacting the overall budget, even as overall expectations are strong for an uptick in the second half of the year.
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Industry Updates
- Wynn Macau shares key achievements in the 2024 Sustainability Report.
- IGT PlaySports & Xtremepush partner to enhance omnichannel sports betting.
- GR8 Tech’s Heavyweight Club takes center stage at iGB L!VE London 2025.
INTELLIGENCE | ASEAN | CAREERS
