Good Morning. Despite the rise of the Philippines, Macau will continue to dominate the world gaming scene, due to its unique characteristics and the revamp of its gaming floors. Smart table tech is aiding in this shift, even as player demographics also change. Veteran Graeme Croft shows the lay of the land. In Thailand, a newly proposed entertainment complex in Bangkok – Khlong Toei – could rival the likes of Singapore’s Marina Bay Sands, if it’s given the green light. Meanwhile, Wynn Macau is losing market share to Galaxy, according to Deutsche Bank analysts, curbing expectations for the 2Q24 results.
What you need to know
- Macau will continue to be the dominant Asian gaming market, boosted by smart table tech and constant renewal of gaming floors: executive.
- Proposed Khlong Toei Entertainment Complex in Bangkok could rival Singapore’s Marina Bay Sands.
- Deutsche Bank trims Wynn Macau’s 2Q24 forecast due to market share loss to Galaxy Entertainment, citing Andaz and Raffles impacts.
On the radar
- PH Resorts continues to talk with investors over Emerald Bay, no signed deals.
- Macau gov’t maintains junket cap at 50 licensees for 2025.
- Philippine Navy backs officer whose info was linked to illegal POGOs.
- Summit Ascent names new non-executive director.
- Macau’s July daily visitors averaging 87k, meeting expectations: MGTO.
AGB Intelligence
FACE TO FACE
Macau top gaming market, smart tables highly beneficial
Gaming veteran Graeme Croft says that Macau will continue to be the number one gaming market, even as the Philippines rises and Singapore continues to perform well. The introduction of smart tables, with MGM leading the way, adds huge value, due to data processing, while operators continually have to reorganize the gaming floors to fit the changing demographics and desires.
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