Good Morning. Macau is aiming to transform itself into an event city, even challenging its neighbor Hong Kong, which is vying for the same spot. But, while the non-gaming focus can sometimes draw visitors to the gaming floor, that tends to be less common when hotel occupants are athletes and trainers competing in the National Games. Analysts expect a softer November, compared to a stunning October, but full-year estimates remain sound. Looking to Australia, the joint venture partners in Queen’s Wharf Brisbane have laid out their financial exit strategy, estimating the project will take five years to ramp up its casino.
What you need to know
- Citigroup says Macau’s mid-November GGR softened slightly as National Games athletes occupied hotel rooms, reducing punters’ stays and spending.
- Far East Consortium (FEC) announces financing plans around its exit from Queen’s Wharf Brisbane, expects five-year casino ramp-up.
On the radar
- Okura to purchase new pachinko/pachislot machines and update halls.
- India’s real-money gaming industry loses over $840M amid regulatory limbo.
- Macau Grand Prix draws 116K spectators: official.
- Thai economy shrinks 0.6% in 3Q25, 2025 growth outlook held at 2%.
- Anti-scam push brings US and China onto common ground: analysts.
- China warns citizens not to travel to Japan, due to the PM’s Taiwan comments.
AGB Intelligence
MACAU
November GGR softened by National Games
Macau’s November figures are unlikely to beat those of a strident October, as the impact of the National Games, which the city is co-hosting, comes into effect. Athletes, trainers, and other associated figures are all staying in the city’s hotels, filling rooms with individuals with a low propensity to gamble. On the back of the Grand Prix, both VIP and mass were down during the first two weeks of the month, but Citigroup analysts remain confident in their full-year GGR estimates.
Industry Updates
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Corporate Spotlight
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