Good Morning. Making money moves. That’s what Macau is doing, with October GGR set to encroach on 2019 levels as the city roars back. Reclaiming its gaming throne, analysts are predicting over $2 billion in gaming revenue for the month, largely boosted by Golden Week. Meanwhile, the Philippines’ NUSTAR has launched its latest sports betting platform, supported by Jade Entertainment.
What you need to know
- Macau’s GGR is on track to achieve a new post-COVID high in October, at up to $2.3 billion, as forecasted by JP Morgan.
- NUSTAR unveils NUSTAR Sports Max, the sports betting platform powered by PH gaming service provider Jade Entertainment.
On the radar
- Crown Resorts sees $125 million loss in financial year.
- AGEM Index decreases 4.6 percent in September.
- AGTech reports profit of $2.6 million in first three quarters of 2023.
- Indian authorities seek $12 billion in taxation from online gaming.
- ACMA pulls 218 illegal gambling services from Australian market since ’17.
- US judge dismisses lawsuit over alleged LV room rate hiking strategy.
Analysts at JP Morgan have high hopes for Macau’s October rebound, with expectations gross gaming revenue (GGR) could top the $2.1 billion mark. Predictions are for figures of up to $2.35 billion, driven largely by mass play. Analysts at Citigroup have higher forecasts, pushing the month’s GGR to $2.43 billion.
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