Good Morning. The rising political tension between Japan and China could have some interesting ripple effects, particularly on which companies could be interested in vying for future casino licenses. Sanctions are already expected to have an influence on GDP, but MGM Osaka could be largely sheltered from the drama given its opening date. Looking to Macau, FY25 GGR is projected to reach about $29.3 billion, as the tail end of the year shines. Meanwhile, SJM has announced that it will acquire L’Arc hotel but is abandoning plans to purchase Ponte 16, choosing instead to shutter its casino this month.
What you need to know
- Ongoing spat between Japan and China prompts questions about potential new casino licensees, MGM Osaka shielded due to opening timeline.
- Macau projects $29.3 billion in GGR for 2026 amid steady tourism growth and four straight months of $2.5 billion-plus gaming revenue.
- SJM confirms the end of the Ponte 16 deal, closing the casino on November 28th while advancing its strategic L’Arc Hotel acquisition.
On the radar
- The Star receives regulatory approval for Bally’s investment.
- POGO mayor Alice Guo handed a life sentence for human trafficking.
- Thailand watchdog accuses elites of protecting scam gangs.
- Imperial Pacific liquidation plan heads to creditor vote.
AGB Intelligence
GEOPOLITICS
Japan-China spat prompts questions over future casino licensees
Comments by Japan’s Prime Minister have placed the nation in hot water with China, resulting in swift sanctions that are bound to hurt the nation economically. Expert Daniel Cheng weighs in on how the political drama could create advantages and disadvantages for operators hoping to bid for future casino licenses, while noting that MGM Osaka is largely immune to the political drama, given its expected 2030 opening date.
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Corporate Spotlight
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