Good Morning. Is there a golden number? For Macau, that figure just keeps going up for visitor arrivals. Now 40 million is the main target, despite industry warnings that mass does not equal spend. So, how does this all play out? Looking further abroad, the Isle of Man continues to see an exodus as regulations hit and other jurisdictions call. Back to Macau, satellite casino operations are tapping out, with Paradise noting significant losses, due to the closure of its legacy operation.
What you need to know
- Macau has set itself up for an onslaught of tourism, with hopes to beat its 2019 record, but mass does not equal revenue.
- Isle of Man GSC highlights remediation-led approach as operators continue to leave the island, amongst a competitive regulatory landscape.
- Paradise Entertainment warns of upcoming casino loss as Macau’s Casino Kam Pek Paradise contract nears expiry.
On the radar
- APE swings to profit in 1H25 on gaming equipment boost.
- PAGCOR chief recognized for leadership in gambling advertising regulation.
- The Star debt negotiations: lenders demands ‘unacceptable’.
- DFNN appoints US lottery expert as regulatory advisor.
AGB Intelligence
MACAU

40 million?
Macau has done a lot to improve itself over the COVID lockdown years, with strong changes in infrastructure and healthy promotion of activities outside of its historical center. But is it still possible that the city could reach a saturation point? The massive concentration of people during key holidays and events begs the question of whether mass tourism is beneficial, or essential – for operators, citizens, and the government.
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