Good Morning. Fitch Ratings has described the possible termination or non-renewal of licenses for US-backed gaming companies in Macau as a “worst-case scenario” that is unlikely to occur, even as concerns about worsening US-China relations persist. A recent NIDA poll reveals significant public skepticism and political tension regarding Thailand’s proposed Entertainment Complex Business Act, particularly its casino provisions. Meanwhile, International Entertainment Corp. (IEC) has announced a $1 to $1.2 billion investment to expand its operations in the Philippines.
What you need to know
- US-based Macau gaming companies only would lose their gaming licenses in a ‘worst-case scenario’ due to volatile politics: Fitch.
- Nida Poll reveals divided opinions on casinos in Thailand’s Integrated Entertainment Business Act, with public skepticism and political tensions.
- International Entertainment Corp. is set to invest $1 billion to expand Manila casino operations amid growth in the Philippine gaming sector.
On the radar
- Melco International to raise to $100M via rights issue to reduce debt.
- Macau gaming watchdog (DICJ) welcomes 60 new inspectors.
- Mohegan Tribal Gaming closes $1.2B refinancing package.
- Macau tourism chief expects 4.1% increase in visitors during May Day holiday.
AGB Intelligence
MACAU
Terminating U.S. gaming licenses in Macau would be worst-case scenario
Fitch Ratings has characterized the potential termination or non-renewal of licenses for US-backed gaming companies in Macau as a “worst-case scenario,” which they deem unlikely, despite concerns about the impact of deteriorating US-China relations. The analysis suggests that while US operators like Sands China, MGM China, and Wynn Macau are wary of retaliatory measures related to trade tensions, Macau’s significant reliance on gaming revenues (around 80% of its total tax income) makes it unlikely to let political disputes affect its gaming industry.
Industry Updates
- Sands China showcases Londoner Grand at MITE Macau 2025.
- Sportradar boosts game analytics by bringing Alpha Odds to cricket.
- LuckyStreak launches enhanced Mobile Live European Roulette.
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