Daily Asia Gaming eBrief: Macau’s October mass GGR “impressive” under current economy

Good morning.  Fighting against the current. Despite weak macroeconomic conditions and consumer sentiment Macau's gaming sector celebrated a remarkable performance in October, JP Morgan remarked, achieving a mass GGR of MOP20.8 billion ($2.5 billion), the highest ever recorded. Meanwhile, Andrew MacDonald has stepped down from his role as director and chief casino officer of Genting Singapore’s Resorts World Sentosa (RWS). In South Korea, the operator of the Jeju Dream Tower casino resort, Lotte Tour, has seen a notable improvement in gaming revenues.

What you need to know

• Macau's mass GGR hit an all-time high in October, reaching 113% of pre-COVID levels, according to JP Morgan, amid economic challenges.
• Andrew MacDonald steps down from his role at Resorts World Sentosa after two years, effective November 1st.
• The operator of the Jeju Dream Tower casino resort, Lotte Tour, reported a 22 percent rise in gaming revenue in October.

On the radar

• Rich Goldman quits junket operations.
• Philippines to deport eight foreign nationals suspected of fraud and POGO activities.
• Wynn Al Marjan to transform RAK into the world’s 4th major gaming market.
• PAOCC distances itself from “flawed” POGO raid in Manila.

AGB Intelligence

MACAU

Macau’s all-time high October GGR “impressive”

Corporate Spotlight

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

Altenar brings premium sportsbook solution to Asia

Industry Updates

• PopOK Gaming brings Frightful Fun with New Halloween Games.
• SJM x Theodore to hold racing exhibition by Macau’s racer Charles Leong.

MEMBERSHIP | INTELLIGENCE | ASEAN | CAREERS