Daily Asia Gaming eBrief: Macau could see a 4% rise in GGR in 2025

Monday 2nd of December 2024

1709253631

Good morning. With a little help from my friends. Macau's gaming industry could see a gross gaming revenue (GGR) increase of 4% year-on-year, reaching $29.3 billion, according to CLSA. This jump would harness potential consumer-focused fiscal stimulus advanced by China’s central government. Meanwhile, Curacao’s gaming regulator has issued a statement addressing recent corruption allegations surrounding the island’s gaming licensing system and operator BC.GAME. Returning to Macau, the city’s top court has issued a decisive ruling maintaining the 13-year prison sentence handed to Levo Chan, the former junket Tak Chun Group CEO.

What you need to know

CLSA forecasts a 4% year-on-year increase in Macau's GGR for 2025, with market share growth and fiscal stimulus playing central roles in the outlook.
Curacao’s Gaming Control Board responds to accusations, but questions remain as to how to restore confidence in the jurisdiction.
Macau’s top court sustains 13-year prison sentence handed to Levo Chan, former president of VIP gaming junket Tak Chun.

On the radar

The Star Entertainment has officially appointed Steve McCann as the new CEO.
Macau’s November GGR reaches $2.31 billion, up 14.9% Y-o-Y.
China eases Macau travel for residents of neighboring cities.
DICJ chief appointed as Macau Customs Commissioner in new government.

AGB Intelligence

MACAU

Macau's GGR is expected to reach $29.3 billion amid strategic shifts

Macau's gaming industry is projected to achieve "very modest growth" in 2025, with an anticipated gross gaming revenue (GGR) increase of 4% year-on-year, reaching $29.3 billion, according to CLSA. The report highlights the importance of expanding market share amid subdued growth conditions, alongside strong visitor forecasts of 36.4 million for the year. Ongoing measures by China to stabilize the property market will significantly influence Macau's GGR, with potential consumer-focused fiscal stimulus expected to boost growth.

Corporate Spotlight

1xBet: Capitalize on Asian teams’ World Cup qualifier struggles

Profit from the challenges faced by top Asian teams in World Cup qualifiers

Asia is the most populated continent on the planet and Football is the No. 1 sport in most countries. The World Cup qualifying matches are traditionally watched by billions of fans in the region, but FIFA has decided to reward Asia with a significant representation at the tournament only now.

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.