Daily Asia Gaming eBrief: Macau CE candidate: gaming sector is "unbalanced"

Good morning. Diversify or…Macau's likely next Chief Executive has already made his opinions clear in regards to the gaming sector. In a speech announcing his candidacy, the former judge Sam Hou Fai highlighted that China's central government has already mandated that Macau diversify away from gaming, while claiming that over the years the sector has become "unbalanced". Meanwhile, analysts indicate that Sands China is shining, grabbing a 24.5 percent gross gaming revenue share in the second quarter, strongly ahead of its competitors.

What you need to know

• Diversification of Macau economy away from gaming industry an imperative from Chinese central authorities: sole candidate to next Chief Executive.
• Macau gaming operator Sands China maintained its leadership in Macau's gaming industry, holding a 24.5 percent GGR market share in 2Q24.

On the radar

• Shin Hwa World reduces loss by nearly a third, gaming revenue improves.
• Paradise Entertainment swings to profit in 1H24, as GGR booms.
• Asian Racing Federation re-elects Chair and Vice-Chairs at Sapporo meet.
• Seaport raises concerns over slow ramp-up at SJM’s Grand Lisboa Palace.
• Australasian medical colleges join calls for complete gambling advertising ban.

AGB Intelligence

MACAU

New CE candidate Sam Hou Fai says gaming industry is "unbalanced"

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