Good Morning. The GOAT. Macau continues to prove that it will not give in, give up, or slow down. October’s results revealed the exact potential that the jurisdiction has to shine, delivering nearly 16 percent yearly growth in GGR, despite some strong meteorological limitations that affected Golden Week. Now, the question is exactly where the rest of the year can go, and how much more growth is possible. Looking to the Philippines, the success is in the cards, with PAGCOR recording a nearly 50 percent increase in profit for the first nine months, running even ahead of the revenue growth.
What you need to know
- Macau casinos shine in October with 15.9% GGR growth, as high-end play offsets softer Golden Week results.
- PAGCOR profit surges 49 percent to $243 million in the first nine months of the year, outpacing revenue growth.
On the radar
- Jeju Dream Tower casino revenue doubles in Oct. as visitor momentum builds.
- Google reclassifies sweepstakes casinos as gambling under ad rules.
- Betting ban in India contrasts social and economic interests: 1xBet.
- Macau–Hengqin border to launch document-free clearance on November 5th.
AGB Intelligence
MACAU
High-end play offsets soft Golden Week results in October
Macau has had a record year, with post-pandemic results coming in higher and higher (nearly) every month. But October was the main one to look to, and it did not disappoint. The results show a month that rose above expectations, despite the Golden Week not performing exactly as expected. But high-end play boosted revenue to a level that has investors swooning, and with good reason. Now, it just remains to be seen how the rest of the year will play out.
Corporate Spotlight
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Industry Updates
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- Kambi Group signs long-term Odds Feed+ partnership with Superbet Group.
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