Good morning. Maintaining orbit. That’s what Macau’s satellite casino operators have been doing in recent years, as they face upcoming changes which could make their operations unviable. But there are expectations for clarity next year, as the clock ticks down, even as Macau’s gaming industry booms. Meanwhile, in the stock world, the head of Las Vegas Sands has decided to sell off over $3 million in shares, despite the company not showing financial weakness.
What you need to know
- Macau gaming operators expect regulatory updates for satellite casinos in 2025, influenced by new visa policies and management changes.
- Las Vegas Sands CEO Rob Goldstein is reducing his share in the group, selling over $3 million in stock, despite the group’s recent successful results.
On the radar
- South Korea’s GKL casino sales up 32.6% YoY in November.
- Singapore authorities crack down on gambling activities for POPMART toys.
- 11K foreign POGO workers have already left the Philippines: Govt.
- Macau 2024 final visitor tally could reach 34 million.
- AGEM Index increased by 8.3 percent in November.
AGB Intelligence
MACAU
Macau’s satellite casinos to get a regulatory update next year
Macau’s satellite casinos have been on tenterhooks for a while, as Macau reshapes its overall gaming format to focus on the larger IRs. And definitive action could be on the horizon, as a framework for how the operations can continue materializes next year. This could be a make or break for the operations, as a share of gaming revenue will no longer be an option for those managing the properties, lessening interest.
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