Good Morning. The post-junket scenario means China could liberalize its visa policy and turn on the tap for visitation to Macau to again reach the 40-million mark. Both gaming and non-gaming stand to benefit, with MICE in particular focus. Expert Niall Murray breaks down Macau’s changing scenario, from the cancellation of horse racing to VIP play, and the need for more hotel rooms. Meanwhile, analysts at Morgan Stanley are bullish on 2024, with Macau’s mass expected to rise by 20 percent compared to 2019.
What you need to know
- MJC termination and possible land use, non-gaming, VIP and MICE – the Macau post-junket scenario is a positive for China: expert Niall Murray.
- Morgan Stanley is bullish on Macau’s mass market, expecting 20% growth beyond pre-pandemic levels this year.
On the radar
- Sale of Tigre de Cristal license caused by Russia-Ukraine conflict.
- PCSO smashes records during historic Lotto week under Robles.
- Macau sets 33M visitor arrivals as target for 2024.
- Osaka casino attracting new hotel investment plans.
- SportChamps fined for repeated advertising violations
- China detained 32K suspects involved in cross-border gambling crimes.
AGB Intelligence
FACE TO FACE
Niall Murray: China backs Macau 100% after junkets eliminated
Gaming consultant Niall Murray breaks down Macau’s ongoing shifts – from the cancellation of the Macau Jockey Club concession to the 4Q23 uptick in VIP. The veteran highlights Macau’s MICE aspirations, precedented by Sheldon Adelson’s vision, its need for more hotel rooms, potential for Hengqin interconnectivity and the possibility of more liberalized visa policies for Chinese punters – now that junkets are out of the scenario.
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