Good Morning. Age is more than just a number. For Macau’s casino operators, finding the ideal demographic ensures that they’re not just filling their venues with non-spending tourists. And the shift away from the age group with disposable income means that GGR expectations for this year could be dampened, and non-gaming spend is likely to fall as well. Meanwhile, some positive winds are blowing regarding the tariff dispute between the US and China, hopefully allowing US-backed gaming operators in the SAR to take a breath as they may no longer be a pressure point to be exploited in the economic spat.
What you need to know
- Aging visitors, regulatory pressure, and falling spending from key age groups are dampening Macau’s hopes for a GGR recovery.
- US-backed Macau operators can breathe easier after temporary tariff reductions between US and China, but questions remain.
On the radar
- PH AMLC to investigate junkets over kidnapping ransom.
- Paradise Co reports strong 1Q25 earnings despite decline in casino drop.
- Sega Sammy: record-high results in gaming and hospitality biz for FY25.
- HKJC aims to become ‘global sports entertainment brand’.
- Ainsworth expecting flat results in 1H25, despite improvements in Australia.
AGB Intelligence
MACAU
Shifting demographics dampen GGR expectations
Gaming revenues in the first quarter of the year have failed to top many expectations, and the casino hub’s shift to mass market and a non-gaming image could be largely to blame. The city is now attracting a different demographic – namely more elderly and youngsters, missing out on the tier with enough disposable income to prop up both gaming and non-gaming. If matters continue, this could significantly weigh on GGR expectations this year.
Corporate Spotlight
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Industry Updates
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- White Hat Studios expands into US casinos via Gaming Arts OMNI deal.
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