Good Morning. Few things were the same after the pandemic, particularly for the Macau market, which suffered the brunt of lockdowns and border restrictions. A new study examines how much the behavior of mainland Chinese punters playing in Macau changed and what new trends are emerging across the land-based and online space. Meanwhile, PAGCOR is seeing continued momentum from its gaming sector, propping up government revenues as the regulator remits its dues to the Treasury.
What you need to know
- A recent study revealed that the pandemic has significantly altered the gambling behaviors of mainland Chinese gamblers.
- PAGCOR’s May remittance to the State Treasury increased by 25% yearly, reaching $55.9M, signaling a strong gaming sector rebound.
On the radar
- Hoiana Resort & Golf names former RWS executive as new CFO.
- IPI plans to sell unfinished hotel-casino to settle debts.
- Macau’s ultra-luxury The 13 hotel to reopen, under renovations: Report.
- Alice Guo rejected as state witness by PH Anti-Organized Crime Commission.
AGB Intelligence
MACAU
Pandemic altered Mainland Chinese gambling behavior: study
While the pandemic had a massive impact on the access of mainland Chinese gamblers to Macau‘s casinos, a recent study has revealed that the impact continues well beyond the end of lockdowns and border measures. The research found that many punters switched online, despite both China and Macau not allowing online gambling. It further examines changes in the demographics, education level, social standing and frequency of gambling by punters during and post-pandemic.
Corporate Spotlight
Know Your Enemy: An Interactive Guide to Online Gaming Fraud
Online gaming fraud is on the rise in the iGaming industry. In Q1 2022, there was an 85% increase in fake account registrations compared to Q4 2021. While players are undoubtedly affected by gaming fraud, iGaming platforms also suffer due to damaged reputations, huge financial losses, and legal consequences.
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