Good Morning. The Beast it cometh, cometh down. All casinos in Macau have suspended operations as Super Typhoon Ragasa approached the territory, which led the city to raise its highest storm signals. The storm has already prompted Citigroup to further reduce its gross gaming revenue forecast for Macau in September 2025 to $2.3 billion. Previously, gaming operator SJM Holdings was reportedly considering issuing offshore renminbi bonds as early as next month, which would mark the company’s first public bond offering in four years.
What you need to know
- Super Typhoon Ragasa forces closure of all Macau casinos, in preparation for possible serious flooding and damage in the city.
- Citigroup cuts Macau’s September GGR forecast to $2.3B as Super Typhoon Ragasa threatens to disrupt casino operations.
- SJM considers issuing renminbi-denominated offshore bonds worth $137M to finance its Hengqin expansion.
On the radar
- Paradise SegaSammy to acquire Grand Hyatt Incheon West Tower for $151M.
- Singaporean man makes bomb threats over casino losses on RWC cruise.
- Casino Grand Dragon closure in Macau goes smoothly.
- Bhumjaithai Party members accused of involvement in Cambodian casinos.
- Chinese court tries 21 members of criminal group operating in Myanmar.
AGB Intelligence
MACAU
Casinos in Macau shut down operations due to Super Typhoon Ragasa
All casinos in Macau suspended operations at 5:00 p.m. on Tuesday following the issuance of a tropical cyclone signal 8 due to the approach of Super Typhoon Ragasa, with authorities later raising the alert to the highest level early Wednesday morning as wind intensification is forecasted.
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