Good morning. The world’s top gaming hub looks likely to continue to be just that, as analysts indicate Macau’s resilience despite the headwinds. Macroeconomic headaches will continue and ultra high-rollers are more reserved with their spending, but expectations are still high for the upcoming Golden Week holiday period. Meanwhile, things are heating up in the Philippines as the POGO drama continues to play out. Now, former presidential spokesperson Harry Roque is considered a ‘fugitive’ after mandates to appear before the Senate, despite proclaiming no links to offshore gaming.
What you need to know
- Macau’s gaming sector remains resilient amid macro challenges and regulatory crackdowns, with healthy Golden Week hotel bookings.
- Former Philippines presidential spokesman now considered a ‘fugitive’. Harry Roque denies links to POGOs, Alice Guo.
On the radar
- Macau gaming-related crimes surged by 61.8% in 1H24.
- Senator guarantees SCBPO workers will not be affected by POGO ban.
- Alliance Global to invest $300 million in new Boracay resort.
- Chinese nationals allegedly involved in Parañaque POGO apprehended.
- POGO trafficking cases transferred to Metro Manila courts.
AGB Intelligence
MACAU
Golden Week still looking healthy, despite headwinds
Despite macroeconomic challenges, Macau’s gaming sector should continue to be resilient, indicate analysts at Goldman Sachs. Gaming demand is still strong, but top-tier punters are being “cautious” in how they dole out their funds. Meanwhile, competition amongst the six operators is stabilizing, even as each company fights to increase their market share.
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