Good morning. Macau has made its choice, go non-gaming and go hard. The proof is in the pudding, with increased costs to compensate for gaming revenues that can’t quite top pre-pandemic values. And the consumer profile is shifting, leading to a new focus for gaming operators. Meanwhile, a new focus is what Hong Kong is going for – this time centered on the basketball hoop. If intentions can pan through, a new sports betting option may be on the table. And in the Philippines, there are high hopes for GGR this year, with expectations of yearly growth up to 17 percent, according to PAGCOR.
What you need to know
- Macau’s GGR per visitor declines 26% in January as visitor mix shifts toward non-casino and lower-spending tourists: CreditSights.
- Hong Kong’s Financial Secretary is in line with proposals for the SAR to legalize basketball betting; HKJC to submit proposals.
- Philippines GGR could grow by 17% in 2025, supported by growth in eGaming and a better IR results: PAGCOR Chairman.
On the radar
- Thai youth petition PM to not allow online gambling.
- Philippines’ DigiPlus launches Singapore subsidiary for international growth.
- Iris Hotel Group makes bid to acquire Reef Hotel Casino in Australia.
- Sportsbet to no longer give live odds updates in broadcasts of NRL/AFL.
- Crown Melbourne ups entertainment appeal with The Palms redevelopment.
AGB Intelligence
MACAU
GGR/visitor drops due to more non-gaming clients
Macau is inheriting the victim of its success. By shifting to a more non-gaming focus, the clientele is now aligning more with the new offerings that steer punters away from the gaming floor. But tourism spend overall in the world’s largest gaming hub is on the downtrend. The Chinese New Year period was a slight reprieve, but problems could be on the horizon.
Industry Updates
- Altenar strengthens sportsbook lineup through Sportradar integration.
- PopOK Gaming unveils 2 revolutionary releases: Eye on the Money & Avi.
- Pragmatic Play expands Big Bass series with Big Bass Bingo launch.
Corporate Spotlight
1xBet’s 2024 Milestones: key achievements & heights of success
In 2024, 1xBet achieved significant breakthroughs and successes, solidifying its position in the iGaming industry. The brand secured major partnership deals, received prestigious awards, and showcased its innovations at the world’s leading forums.
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