Good morning. Macau’s gaming sector is becoming clearer with the future policy approach, as the sole Chief Executive candidate proposes enhancing regulation and digital management within the industry while promoting diversified tourism and economic integration. Meanwhile, Wynn Resorts’ strategic developments in both the UAE and Macau position the company for significant growth, with the UAE resort expected to lead in profitability. In Macau, analysts are bullish on Sands China, citing multiple catalysts, such as the reopening of key facilities, which are anticipated to drive recovery growth.
What you need to know
- Sam Hou Fai, the only candidate for Chief Executive of Macau, outlined his plans to promote a regulated gaming sector.
- Wynn’s expansion in the UAE and Macau is seen by Morgan Stanley as crucial for future growth, with promising revenue projections ahead.
- Dividend resumption and the reopening of the arena, hotel, and casino drive Morgan Stanley’s upgrade of Sands China’s rating.
On the radar
- Citigroup forecasts 5% growth for Macau’s October GGR, reaching $2.56B.
- Bullish outlook for Macau gaming driven by strong fundamentals: HSBC.
- Macau launches 2 new live-table baccarat side bets ahead of Golden Week.
- 3,000 foreign POGO workers exit the Philippines following visa downgrades.
- Top legal officer Ellen Whittemore at Wynn Resorts announces retirement.
AGB Intelligence
MACAU
Macau calls for intelligence management in the gaming sector
Sam Hou Fai, the sole candidate for Chief Executive of Macau SAR, formally introduced his political platform on Saturday. He emphasized the importance of “healthy and orderly” development in the gaming sector, economic diversification, and the need for “intelligent and digital management.”
Corporate Spotlight
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For global betting company 1xBet, Asia is a key market for several reasons. This is why 1xBet pays special attention to the Asian market and actively promotes its sports betting platform and the most popular gambling games on the continent.
Industry Updates
- Soft2Bet’s CEO Uri Poliavich honored with SBC’s Leader of the Year Award.
- IGT gets 4-year extension as FanDuel Sportsbooks’ retail betting provider.
- Play’n GO teams up with bet365 for New Jersey expansion.
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