Good morning. If it’s not broken, don’t fix it. However, change is still likely to be afoot in Macau when the new Chief Executive comes into office. A top economist says that while the overall economic orientation is unlikely to change, the incoming official will face serious challenges in attempting the much-pledged ‘diversification’ of the economy away from gaming. Meanwhile, the city prepares for Golden Week, with expectations of over 100,000 daily visitors, helped along by events.
What you need to know
- Macau’s new Chief Executive candidate leaves many uncertainties, but a top economist says there will be little change to economic orientation.
- October Golden Week in Macau could see daily tourist arrivals of above 100,000, fueled by the fireworks display.
On the radar
- 13 charged in Singapore for unlicensed payment services at MBS casino.
- Entertainment complex law takes center stage in Thailand’s new policy agenda.
- Macau 2023 gaming receipts jumped by 308.1%, expenditure up 98.6%.
- Lawmaker calls for forfeiture of POGO-owned properties in the Philippines.
- “POGO Mayor” Alice Guo cited in contempt during Philippine Senate hearing.
- Philippine Congressman calls for faster shutdown of remaining POGOs.
AGB Intelligence
MACAU
CE candidate unlikely to change economic orientation
While much remains unknown about the possible stance of the new candidate for Macau’s top role, a veteran economist believes that the gaming hub’s general economic orientation is unlikely to change. Sam Hou Fai, a former judge, is now courting the city’s various factions ahead of his bid – which is likely to be uncontested. However, he will have to make good on a promise for economic diversification, something his predecessors were unable to do.
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Altenar brings premium sportsbook solution to Asia
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1xBet: The most popular gambling games and slots in Asia
For global betting company 1xBet, Asia is a key market for several reasons. This is why 1xBet pays special attention to the Asian market and actively promotes its sports betting platform and the most popular gambling games on the continent.
Industry Updates
- SOFTSWISS introduces jackpots for Crash and Live Games.
- The game’s afoot in Mystery Mice from Pragmatic Play.
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