Good morning. Welcome back! Analysts are estimating that Macau GGR will reach $22 billion by 2027, triggering the 20 percent mandatory increase in non-gaming spend that’s outlined in their new concession contracts, particularly impacting MGM China and SJM. This comes as the SAR ends its quarantine requirements for mainland visitors. And in the US, Hard Rock has finally made its way onto the Strip, taking over management of The Mirage from MGM.
Due to the holidays, our daily eBrief will return on Friday. See you then!
What you need to know
- Analysts are predicting Macau will reach $22 billion in GGR by 2027, triggering the mandatory 20 percent increase in non-gaming spending.
- Hard Rock has finally finalized the sale of its operational rights over The Mirage from MGM, marking the group’s debut on the Vegas strip.
On the radar
- Macau ends quarantine requirement for visitors from mainland China.
- Mohegan taps Hanwha for management of Inspire Incheon IR hotel.
- Macau CE says that “most difficult times are being overcome”.
Macau could reach gross gaming revenues of $22 billion by 2027, say analysts at Morgan Stanley. The figure would trigger a 20 percent increase in non-gaming spending by the operators, mandated by their new gaming concession agreements. Predictions are for MGM and SJM to be most pressured under the spending increase.
- Playson goes live with E-Play24 collaboration.
- Mega King one of the most applauded games by Big Bola players.