Daily Asia Gaming eBrief: China’s stimulus to uplift sentiment in Macau

Thursday 3rd of October 2024

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What you need to know

China’s stimulus is expected to enhance sentiment in Macau, fostering growth and mass market recovery as economic confidence rises.
Hong Kong regulator sues LET Group chairman for misconduct, seeking a court order for share repurchase to protect minority shareholders.
Thailand’s Deputy Finance Minister advocates discussions on gaming tax collection mechanism while encouraging Disney and Universal Studios to invest.

On the radar

NagaCorp flags $411M GGR in the nine-month period.
Macau welcomes over 304K visitors in two days of Golden Week.
Genting's favorable outlook driven by market position and gaming portfolio.
POGO workers face mid-October deadline for visa downgrades: Govt.
Century Ent. shareholders approved Cambodia VIP room agreement.
TexBet fined for ignoring customer’s account closure request.
PH Senators urge vigilance before 2025 elections amid POGO concerns.

AGB Intelligence

MACAU

China’s stimulus to boost Macau growth outlook

China's recent monetary stimulus is set to enhance Macau's growth prospects as confidence among consumers and businesses improves, according to Seaport Research. Senior analyst Vitaly Umansky highlights various policy measures by the People's Bank of China aimed at boosting economic activity. Despite some segments lagging, including base mass gaming, optimism surrounds October's GGR, which is expected to reach $2.68 billion, with a promising outlook for the coming months.

Opinion

Will a Hard Rock integrated resort rise in Hokkaido under PM Ishiba?

Shigeru Ishiba’s election as Prime Minister opens a potential path for a Hard Rock integrated resort in Hokkaido. Despite previous ambivalence towards casinos, local support remains strong. Ishiba's focus on regional revitalization could foster progress, though upcoming elections may stall immediate developments.
By Daniel Cheng

Corporate Spotlight

Altenar brings premium sportsbook solution to Asia

Altenar, a leading sportsbook provider is bringing its global expertise to Asia, looking to expand its operations. Since 2011, Altenar has powered hundreds of online sports betting sites worldwide and is a major B2B provider in Europe and Latin America licensed markets.

1xBet: The most popular gambling games and slots in Asia

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.