Good morning. While 2022 was an exhausting year for Macau, some operators showed their resilience and flexibility. Sands China came out on top, leading in most market segments, even as trailer SJM managed to claw back mass market share. Regarding the road forward, MGM China’s Pansy Ho says that Macau’s economy is already recovering to 70 percent of pre-pandemic levels. And in the Philippines, PAGCOR has terminated its agreement with a former POGO auditor, threatening to take it to court.
What you need to know
- Sands China led Macau’s market in most segments in 2022, as all operators lost out on VIP, while SJM made a mass-market comeback.
- MGM China’s Co-Chairperson Pansy Ho says Macau’s economy could already be recovering to 70 percent of pre-pandemic levels.
- PAGCOR has terminated its contract with a POGO auditor who allegedly faked its way into winning a tender, now threatening legal action.
On the radar
- The Star’s partners see shareholding diluted under new offering.
- Macau lures Thailand visitors by using influencer marketing strategy.
- Tabcorp CEO pledges to end primetime television advertising.
- Macau court revokes sentence for exchange of fake bank notes for chips.
AGB Intelligence
MACAU
Sands China extends lead in Macau gaming industry
Sands China continued its leadership of the Macau gaming market in 2022, dominant in most sections, including VIP – as Galaxy lost market share. However, despite its major setbacks during the year, legacy operator SJM clawed back a segment of the mass market and outperformed the industry average for GGR.
Industry Updates
- Everi named to “Top Workplaces USA” list for second consecutive year.
- Gamzix launched a new slot – Patrick’s Coin: Hold The Spin.
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