Daily Asia Gaming eBrief: Macau mass table gaming revenue level with 2019, slots lagging

Good Morning. Punters on Macau's mass floors are still more keen to roll the dice and flip the cards than to pull the lever or hit the button. Altira GM Raymond Lo notes that table revenues have already matched or surpassed 2019 levels, but slots are lagging behind. Meanwhile, analysts at Citigroup are predicting Macau GGR will hit $22.6 billion for FY23, less than two-thirds of that seen in 2019. And in Singapore, the MICE sector is expected to see strong annual growth until 2030, when the market should be worth nearly $7 billion, say consultants.

What you need to know

• Macau's mass table gaming has almost fully recovered to pre-pandemic levels but slots are still lagging, notes the GM of Altira.
• Citigroup predicts that Macau will finish 2023 with a GGR of $22.6 billion, representing around 62 percent of the levels recorded in 2019.
• Singapore's MICE market is expected to reach $6.97 billion by 2030, with a CAGR of 9 percent: consultancy.

On the radar

• Paradise Co. gaming revenue down 6.2 percent m-o-m in November.
• Jeju Dream Tower casino revenue down 9 percent m-o-m in November.
• PH AML: junket risk management underway, aiming to exit FATF greylist.
• Macau gaming employees want more professional improvement: survey.
• Lawmaker pushes for immediate cancellation of IPI casino license.
• Addisons law firm recruits Lachlan Gepp as Special Counsel.

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Macau mass table gaming revenue matching 2019, slots lagging

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