Good morning. Where there’s cheese, there’s MICE. That’s what Macau is hoping – as it estimates a strong rebound in convention and exhibition visitors this year. But increased hotel room rates, driven by continual visitation rises, are pressuring the industry. In the digital world, the online gambling market is expected to grow by $150.5 billion until 2027, with analysts predicting mobile betting will drive growth – especially in APAC.

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What you need to know

  • Macau is expecting MICE to be a strong contributor to non-gaming this year, but high room rates are worrying organizers.
  • The online gambling market is expected to grow by $150.5 billion until 2027, driven by increased mobile adoption.

On the radar

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AGB Intelligence


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MICE sector set for strong rebound in 2023

Macau’s meetings, incentives, conferences and exhibitions sector is expected to see a strong recovery in 2023, boosted by more venues and a return of visitors – spurred on by special packages and rebates. But high room rates are worrying organizers, who are pushing Macau’s gaming operators to give out discounts – especially on the Cotai Strip.

Industry Updates

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