Good Morning. Jusqu’ici tout va bien (until now everything is going well). And estimates are for that to continue, at least in Macau, in the second half of the year. Strong visitor numbers and the ripple effect from the entertainment calendar place expectations for GGR growth this year as high as 10 percent. This is in part due to the anticipation that Macau could break its previous record of tourist arrivals, set in 2019, as long as the momentum continues. And looking to the Philippines, Hann Resorts’ founder says that the September IPO of the company is necessary for its expansion plans, with no time to waste.
What you need to know
- Macau’s casino outlook brightens, with 2025 GGR projections for 9–10% growth, backed by rising visitation and strong June/July results, say analysts.
- Macau on track to exceed 2019 tourism peak this year, driven by stable economy, visitor surge, and growing non-gaming appeal.
- Hann Resorts founder: IPO a necessity to not slow down development; golf to attract luxury segment at Hann Reserve.
On the radar
- Korean casino operator Paradise Co. sees 23% revenue surge in July.
- Delta Corp gaming revenue up slightly in 2Q25, bolstering results.
- Genting Singapore appoints RWS CEO as new President and COO.
- Donaco shareholders greenlight acquisition by On Nut Road with strong consensus.
- SkyCity completes loyalty program launch amid mandatory carded play.
AGB Intelligence
MACAU
Macau casinos on track for strong second half of 2025
The strong growth in gross gaming revenue seen in the first half of the year is predicted to continue, according to analysts, with estimates now that FY25 GGR could increase by up to 10 percent yearly. Strong visitation (which could even break 2019’s record), coupled with an extensive events calendar are driving the gains. However, increases for 2H25 are still heavily dependent on China’s consumer sentiment.
Corporate Spotlight
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Winning Trust, Stopping Fraud. Asia Pacific’s iGaming market is expanding extremely fast, and a new wave of digital-savvy players is pushing demand through the roof. But the rise in adoption has outpaced regulation in many markets, and fraudsters have taken notice.
Industry Updates
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