Good Morning. Macau, Macau, Macau. What a place. And what an experience, with its ups and downs and all arounds. But for now, things are looking good at least for Wynn, with expectations for solid EBITDA results in 3Q25, leaving others to fight for their share of the pie. Looking further abroad, a massive scam operation has been unearthed, with some $15 billion in play in crypto, prompting authorities to take action. And in the regulatory world, Curacao says that the recent reshuffle of its regulatory body is merely routine and nothing to worry about.
What you need to know
- Macau’s Q3 casino EBITDA to reach $2.07B, up 7% YoY, driven by resilient mass play and Wynn’s market-share gain.
- Cambodian casino group Prince Group has been accused of running vast online scam operations and human trafficking rings.
- Curacao: supervisory board says that its exit is merely a routine reshuffle, not a regulatory collapse.
On the radar
- Victoria gambling regulator plans to strengthen industry accountability.
- Genting $1.6 bln takeover bid for Malaysian unit poses credit risks.
- MGM abandons New York casino bid citing competition concerns.
- Entain gaming revenue grows 6% in 3Q25, boosted by BetMGM performance.
- PAGCOR donates 70 patient transport units to improve emergency services.
AGB Intelligence
MACAU
Casino EBITDA to reach over $2 billion in 3Q25
Macau has seen a heady year so far, and the third quarter is not going to disappoint. Analysts are now focusing on Wynn and Sands for key market share gains, despite their distinct profiles. MGM and Melco have likely seen a slight reduction, also influenced by the typhoon shutdown which affected all operators. Despite the bad weather, figures are looking solid, with expectations for further growth in the year.
Corporate Spotlight
90-Day Playbook for Winning Asia’s Gaming Market | GR8 Tech
Every operator can launch, but few can lead. In Asia, leadership is won in the 90 days after go-live, when payments feel effortless, content resonates locally, and every touchpoint builds trust.
Industry Updates
- Live88 set to become the first licensed online live casino studio in the UAE.
- Aristocrat launches world’s first $1M Phoenix Link slots at Wynn Las Vegas.
- BETBY reports strong 3Q25 results, sustaining growth momentum.
INTELLIGENCE | ASEAN | CAREERS
