Good morning. Cause and effect. The shift in the weight held by the mass-market gaming versus VIP gaming in Macau was the intended cause of regulatory changes implemented since 2021, University of Macau researchers posited. Looking to the future, analysts from CreditSights believe Macau’s GGR should reach $30.6 billion in 2025. Meanwhile, the Bangkok Port, also known as the Khlong Toei Terminal on the Chao Phraya River in Bangkok has been designated as a possible location for an entertainment complex.
What you need to know
- University of Macau study highlights how stricter deposit regulations and the changing liability landscape reshaped the city’s gaming market.
- Macau’s GGR is expected to slightly exceed targets and potentially reach $30.6 billion in 2025, according to CreditSights.
- Bangkok Port is among the key locations being considered for Thailand’s integrated entertainment complex plans.

On the radar
- DigiPlus hits 40M users, doubling its user base in 2024.
- Majority opposes Thailand’s casino and online gambling plans: Survey.
- Slight reduction in Macau’s gaming employment in 4Q24.
- Goa police blocks 61 gambling websites.
AGB Intelligence
MACAU

Macau’s mass-market tourism shift driven by junket reform
A study by researchers at the University of Macau highlights the shift in the region’s gaming industry from a VIP junket-driven model to one focused on mass-market tourism as a collaborative regulatory effort between China and Macau since 2021. Stricter regulations on deposits and limitations on gaming promoters’ activities have been introduced to enhance accountability and oversight, particularly regarding joint liability for casinos in disputes involving junket operators. The Gaming Law of 2022 marked a significant regulatory shift, prohibiting junkets from independently offering deposit services and imposing joint liability on casinos unless they demonstrate proper oversight.
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