Good Morning. Growth can never be permanent. And Macau’s gaming market is starting to see the effects of its transition away from the VIP model to a mass market and non-gaming approach. A top scholar notes that its proximity to mainland China will guarantee its success over the next decade, despite what could be seen as a downturn, at least from the golden days. Meanwhile, smart tables are all the rage, with analysts expecting them to level the playing field. In the Philippines, PAGCOR plans to launch a new gaming academy to train for both local and regional operations. And in supplier news, IDX Games highlights its latest products.
What you need to know
- Macau’s gaming industry struggles to return to pre-COVID heights amidst fading growth factors, according to a recent study.
- Smart tables to even playing field, lead to operational and marketing improvements by Macau gaming operators: Seaport dispatch.
- PAGCOR plans to launch a new Gaming Academy, cultivating talent for both the nation and the region, with intentions for signings this year.
- IDX Games debuts its new products, including an AI chatbot and a signage solution featuring a flying dragon: watch the video.
On the radar
- Century Entertainment VIP room in Dara Sakor set to open in September.
- Genting Singapore to record sharp 2Q EBITDA drop due to seasonal factors.
- Macau hotel occupancy rate at 84.3% from January to May.
- Macau lawmakers urge further clarification on illegal mahjong operation.
AGB Intelligence
MACAU
Macau gaming growth factors are fading as market transitions
Macau gaming market is undergoing a significant shift from the heyday of VIP junket rooms and rampant cash. Transitioning into the new normal, operators must focus on their non-gaming output, despite the challenges to the bottom line. A top scholar in Macau notes, however, that the gaming hub still has its unique advantage of being cozied up to mainland China, meaning that operators shouldn’t have any worries for the next decade.
Corporate Spotlight
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