Good morning. Profit over everything. Macau’s satellite casinos had a good run, but as their transition period draws to a close, only the most profitable are going to survive, as operators gauge exactly where they need their tables allocated. Still, details are sparse on what the new normal for the operations will be once the transition is over. Meanwhile, analysts at Maybank have upgraded their outlook on Genting, encouraged by insider share purchases, but wary of potential downsides. And in Manila, the Asia Gaming Awards are almost here, with the shortlist of nominees released. Check it out and make sure to vote on the industry’s top movers and shakers!
What you need to know
- As the three-year transition period nears its end, an expert suggests that only the most profitable Macau satellite casinos will remain in business.
- Maybank upgrades Genting Berhad to ‘Buy’, citing insider share purchases and potential catalysts like RWLV’s investigation outcome.
- The Asia Gaming Awards return on March 18th! Check out the shortlist of nominees and get your votes in!
On the radar
- Paradise Co. secures $379M in financing for Seoul hotel construction.
- Aristocrat CTO Andry Hendrickson resigns, search for successor underway.
- Sumsub: iGaming fraud surges, 50% of firms lose 10% in revenue.
- CNMI legal rep: bidder for IPI casino assets “closely related to debtor”.
- MGM Resorts appoints NBCUniversal Dame Donna Langley to Board.
- Sportsbet CEO criticizes past advertising campaigns.
- Foreign firms set to dominate NZ’s online gambling market: report.
AGB Intelligence
MACAU
Only profitable satellite casinos to remain in business
The age of Macau’s satellite casinos is coming to an end, with the transition period running out at the end of this year. Given the circumstances after the change, experts indicate that only the most profitable of the operations are likely to continue, as operators may wish to shift their tables elsewhere. But discussions over the management of the properties are lagging, despite the new government being nearly three months in office.
Industry Updates
- IGT strengthens responsible gaming with European lottery recertification.
- SOFTSWISS unveils 2025 iGaming market insights for Brazil.
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