Good morning. Live a little. Macau operators will be encouraging Chinese clients to do just that this year, as Chinese consumer sentiment remains “very low”, according to a top asset manager. High savings and a booming stock market mean cash is available, if it can just be tapped. Also in Macau, the satellite casino shutdown has eviscerated Success Universe’s Ponte 16 operation, with the group expecting a FY25 loss of $52 million. Also in the SAR, operators’ non-gaming investments are under the gaming watchdog’s microscope, aiming to support the city’s diversification. Meanwhile, MGM Resorts is trying to figure out what to do with its remaining Macau non-gaming investment commitments, as its CEO reveals it’s a “dog fight” for market share, even as it doubles down on premium play.
What you need to know
- Macau could benefit from untapped potential as Chinese consumer sentiment is still “very low”, and the stock market has room to grow.
- Success Universe is expecting a $52.4M loss for 2025, after the closure of its Macau satellite casino operation at Ponte 16.
- Macau’s gaming regulator to fine-tune casino operators’ non-gaming investment scope this year to better support economic diversification goals.
- MGM Resorts CEO says “it’s a dog fight” for market share in Macau, company pondering next use of non-gaming investment required.
On the radar
- MGM Resorts’ CEO says he’s betting his career on MGM Osaka’s success.
- MGM’s non-gaming Dubai property a “platform for a casino someday”.
- AGEM announces new board of directors, expanded membership.
- Jeju Dream Tower operator Lotte Tour announces $75M dividend plan.
- Cambodia proposes anti-scam law with 30-year jail terms, $500K fines.
- Kangwon Land employee dies after collapsing inside casino workplace.
- Vietnam tourism growth deceleration in 2M26 in line with expectations.
AGB Intelligence
MACAU
Room for growth as Chinese consumer sentiment “very low”
Macau benefited highly from improved Chinese consumer sentiment last year and in the first quarter of this year, but there could still be more room for growth as it remains “very low”. High levels of savings and controlled, stable growth of the stock market mean that untapped wealth is still on the table, with improvements to Chinese consumer sentiment partially reliant on government stimulus, notes a top asset manager.
Industry Updates
- CreedRoomz launches “Lucky Colors”, inspired by Philippine gaming culture.
- GEG honored with “Team of the Year – Hospitality & Leisure” award.
- SA Gaming secures BMM certification for games in South Africa.
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