Good morning. The middle of the third quarter could start to see marginal improvements for Macau operators, after a slow start. Certain restraining factors in July, including soft visitation and money-changing crackdowns are likely to be offset this month, boding well. However, overall the strong resurgence could be beginning to slow. Meanwhile, while some jurisdictions are shying away from the online segment, Vanuatu has just launched its new online portal to process Interactive Gaming Licenses, utilizing its new regulatory framework to provide attractive options for operators seeking better pastures.
What you need to know
- Macau should see a moderate GGR increase of 1 percent month-over-month in August, note Morgan Stanley analysts.
- Vanuatu starts processing new Interactive Gaming Licenses through online portal, after new regulatory framework improvements.
On the radar
- Belle Corp sees CoD Manila gaming revenue fall 24% y-o-y in 1H24.
- Shin Hwa World expecting loss reduction of 20-35% in 1H24.
- Westside City project developer Suntrust reduces loss in 2Q24 to $9.7M.
- Casino machines and Paradise drive Sega Sammy’s performance in 2Q24.
- Entain’s net gaming revenue rises 6% in the first half of 2024.
AGB Intelligence
MACAU
Moderate Macau GGR increase expected in August: MS
Macau’s gaming operators can expect a modest uptick in revenue in August, after a slow July. But figures are still sluggish compared to expectations. Lower visitation, in particular from Macau’s main source market China, plus concerns over money exchange crackdowns by the mainland authorities likely impacted July’s downturn; and the Euro Cup also had its toll – all factors expected to ease in August.
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