Good Morning. Experts are bullish on Macau, as one analyst opines that gross gaming revenue could top $70 billion within the next 10 years, depending on policy choices and entry permits for punters from China. And the city remains a top outbound travel destination for Hong Kong visitors, firming its expansion to other markets. However, the 10-year license for gaming operators is too short for the city to make itself into the desired leisure and MICE hub, say analysts at CBRE.

What you need to know
- Macau’s growth will continue, notes an analyst, predicting that within 10 years GGR could hit $70 billion.
- Tourism expert says that Macau is still among the top outbound travel choices for Hong Kong travelers, as its offering meets pent-up demand.
- Analysts at CBRE say the 10-year license period for Macau’s operators is likely too short to transform into a leisure/MICE hub.
On the radar
- ​Solaire to hire over 4k workers for new Quezon City IR.
- Thailand and Japan are threats to regional gaming markets: experts.
- NSW controversial cashless gambling trial set to debut.
- Okada arrested as PH authorities continue to probe takeover.
- Deutsche Bank sees Macau growth in Q3 and Q4.
AGB Intelligence
MACAU
Macau GGR could top $70 billion in 10 years: analyst
Expectations are for Macau to continue to grow, topping 2019’s peak of nearly $38 billion and reaching as high as $70 billion within the next 10 years. Experts concur that the Chinese market continues to be underserved, with strong interest in how to convert players to engage in gaming, as non-gaming spend is not expected to top 15 percent of overall revenue even within 10 years
Industry Updates
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