Good morning. Macau is returning to normal, as the city’s mass testing revealed no new cases over the weekend and the government is expecting things to drastically improve for 2023, estimating GGR during the year to reach $16.13 billion, as it squeezes operators with strong obligations under the new gaming licenses. Meanwhile, The Star is facing further pressures over alleged anti-money laundering breaches, with a fresh lawsuit leveled against the operator.
What you need to know
- The Macau government is expecting a strong uptick in 2023 GGR, as gaming concessionnaires are pushed to fulfill obligations under their new licenses.
- The Star is facing further legal challenges as allegations continue over alleged breaches of anti-money laundering laws.
On the radar
- SkyCity could faces fines of $32.3mln over AML investigations.
- NagaWorld operator to repurchase $120mln in senior 2024 notes.
- Macau returns to normal after mass testing finds no new cases.
- Jade and APE sign Macau partnership agreement.
AGB Intelligence
AUSTRALIA
The Star facing class action lawsuit over alleged AML breaches
Australian casino operator The Star is now facing a second lawsuit over alleged anti-money laundering and counter-terrorism financing practices. This comes after investigations by the state as well as the nation’s gaming watchdog. Just last week, the group was also issued show cause notices over suitability to hold its Treasury Brisbane and Star Gold Coast casino licenses.
Industry Updates
- First-ever PokerStars APPT female Cambodia champion crowned.
- Six Wynn Macau and Wynn Palace restaurants win awards.
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