Good Morning. Patience pays off. The Grand Ho Tram has been calmly waiting and biding its time for Vietnam to shift its policy towards locals gaming. And now its time has come. The new 5-year allowance enables the property to tap into the highly lucrative Ho Chi Minh market, boosting revenue to further the build-out of the IR. Looking at Macau, the ‘concert economy’ is helping boost operators’ income in premium mass, while also improving market share. And looking to Malaysia and beyond, Genting saw a strong third quarter, with revenue improvements, despite a strong slide in profit.

What you need to know

Grand Ho Tram gains a massive boost from its 5-year allowance for local gaming, giving it the chance to reinvest and maintain its new status.
Citigroup says Macau’s booming ‘Concert Economy’ is giving venue operators a decisive edge, boosting premium-mass play and market share.
Genting Malaysia sees profit fall by 82 percent in the third quarter, despite revenue increasing and improved VIP retur

On the radar

Alice Guo to appeal human trafficking conviction.
Macau: 9-month MICE events rise 25.7% YoY, non-gaming revenue falls.
PAGCOR says GGR is down but stands firm on regulatory shift.
Singapore tourism receipts help bolster the economy in 3Q25.

AGB Intelligence

VIETNAM

Locals gambling allowance huge boost for Ho Tram

Vietnam’s move to further liberalize its gaming industry by allowing locals to gamble at The Grand Ho Tram is a huge win for the operator. The move wasn’t totally unexpected, as the group’s new ownership and management had been pushing to fulfill promises that first earned it its table and machine gaming allowance. If it wisely chooses to divert funds from its new revenue source towards further build-out, the group could even double its allocation, further tapping the lucrative Ho Chi Minh market.

Industry Updates

GR8 Tech expands virtual sports portfolio with new Basketball offering.
DigiPlus teams up with Pay&Go to expand player payment options.
Sands China recognised in five CUHK Sustainability Indices.

daily ebrief

Written by AGBrief Editorial The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers. More from AGBrief Editorial →