Good morning. Macau’s Chief Executive took a blasé approach to the impact of the ongoing pandemic measures on the SAR’s gaming operators, calling the possibility they won’t survive the downturn “conspiracy theories”, despite saying the gaming industry is “dying”. The official also said that eliminating quarantine measures “won’t work” in driving up visitor numbers, cementing its singular focus on Chinese visitors, despite previous statements to the contrary.
What you need to know
- Macau’s Chief Executive says local gaming industry is “dying”, while contradictorily concessionaires’ potential defaults are “conspiracy theories”.
- Quarantine-free travel to Macau will not increase visitor numbers, the SAR’s top official says, despite pledges to further open up the city in 2023.
- Courts have heard that former Suncity boss Alvin Chau was planning to restart the group’s proxy betting business prior to his arrest in late 2021.
On the radar
- PH Resorts concerned about ability to continue after 3Q22 loss.
- TransAct Technologies target of ‘criminal cybersecurity incident‘.
AGB Intelligence
MACAU
Macau CE: gaming industry “dying”, but operators have “opportunities to survive”
Contradictory statements by Macau’s top official, saying the gaming industry is “dying” but that gaming operators have “opportunities to survive” and potential defaults are “conspiracy theories”. The official also touched on how visa-issuance by mainland Chinese authorities is linked to concessionaires’ non-gaming performance, which will have to make up 60 percent of Macau’s GDP.
Industry Updates
- QTech Games pens provider partnership with Manna Play.
- Mohegan joins International Betting Integrity Association.
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