Good Morning. Cha-cha-cha-cha-changes. The recent reforms in Macau’s regulatory framework, implemented in 2022 and 2024, have corrected significant imbalances in the casino industry that arose from two decades of rapid expansion, as noted by gaming law expert Jorge Godinho. Meanwhile, gaming bonds in the SAR have come under pressure following the announcement of steep reciprocal tariffs on Chinese imports by US President Donald Trump. In Singapore, gaming authorities renewed Marina Bay Sands’ casino license for three years after it fulfilled all requirements.
What you need to know
- A regulatory framework overhaul led to “major corrections” in the Macau casino industry rather than routine updates: gaming law expert.
- Rising US-China trade tensions put pressure on Macau gaming bonds, with spreads widening amid concerns over market instability.
- Marina Bay Sands has seen its casino license renewed for three years by the Singapore Gambling Regulatory Authority.
On the radar
- Crown Resorts announces new Chair for Melbourne Board.
- LET Group still facing HKSE delisting risks.
- NOVOMATIC secures Gaming Related Vendor License in the UAE.
- Genting Singapore declares dividend for FY24, payable May 27th.
- Mohegan issues $1.2B in notes after losing operational control of INSPIRE.
- IGSA welcomes VISA as new participant in the Payments Committee.
AGB Intelligence
MACAU
How 2022-2024 reforms corrected Macau’s casino imbalance
The recent overhaul of Macau’s regulatory framework through reforms in 2022 and 2024 has resulted in significant corrections within the casino industry, moving away from the previous unbalanced system that had developed over two decades of rapid expansion, according to gaming law expert Jorge Godinho. His study highlights issues such as an excess of gaming promoters and VIP rooms, alongside a heavy reliance on high-rolling gamblers from mainland China, which was exacerbated during the COVID-19 pandemic.
Industry Updates
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- Red Tiger & FashionTV Gaming partner to launch Trillionaire Megaways.
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