Skip to content
Friday, November 13, 2026

Daily Asia Gaming eBrief: Macau operators unequal in non-gaming investments

Citigroup's 4Q25 preview highlights that increased operating expenses from events and satellite casino closures slightly offset Macau casino operators' operating leverage, yet they forecast 7% GGR growth and 9% EBITDA growth. Meanwhile, CIMB Securities upgraded Genting Malaysia Bhd's rating, expecting a strong recovery in earnings by FY27 due to a new casino license for its US subsidiary. In India, gaming and hospitality group Delta Corp has announced that it will discontinue operations at The Zuri White Sands Goa Resort & Casino following the government’s increase in the Goods and Services Tax on casinos.

AGBrief Editorial AGBrief EditorialJanuary 13, 2026 · 2 min read
in X f tg
Macau, cotai-strip, Gaming revenue, Macau GGR, gaming operators, gaming industry, Macau dasino operators
Good Morning. A one-trick pony. Nobody has doubted since the liberalization of Macau’s gaming industry that it would dominate the city’s economy. But a new study shows just how much each operator is investing in non-gaming diversification attempts and how reliant the city is on their revenue and employment. Still in Macau, concentration intensified in the last quarter of 2025, with larger operators continuing to expand their dominance. And in Australia, The Star is moving ahead with plans to eliminate its corporate office, pushing accountability to individual properties and cutting jobs.

What you need to know


On the radar


AGB Intelligence

Macau Satellite Casinos shut down, SJM Resorts, SJM Holdings, gambling advertising

Study highlights operators’ unequal non-gaming investment 

The dominant role of the gaming industry in Macau’s economy is unquestionable. But a new study shows just how far gaming operators are going to diversify the city’s economy, and how much each one of them has spent so far in order to do so. Operators with a larger footprint are spending more, but also face a larger role in the city’s economic prowess, being pillars of government revenue as well as employment.


Industry Updates


AGBrief Editorial
Written by AGBrief Editorial The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers. More from AGBrief Editorial →