Your Daily Asia Gaming eBrief: Macau GGR could reach $70bln: analyst

Thursday 13th of July 2023

Good Morning. Experts are bullish on Macau, as one analyst opines that gross gaming revenue could top $70 billion within the next 10 years, depending on policy choices and entry permits for punters from China. And the city remains a top outbound travel destination for Hong Kong visitors, firming its expansion to other markets. However, the 10-year license for gaming operators is too short for the city to make itself into the desired leisure and MICE hub, say analysts at CBRE.

ASEAN Gaming Summit, asia gaming ebrief, Philippines

What you need to know

Macau's growth will continue, notes an analyst, predicting that within 10 years GGR could hit $70 billion.
Tourism expert says that Macau is still among the top outbound travel choices for Hong Kong travelers, as its offering meets pent-up demand.
Analysts at CBRE say the 10-year license period for Macau's operators is likely too short to transform into a leisure/MICE hub.

On the radar

Solaire to hire over 4k workers for new Quezon City IR.
Thailand and Japan are threats to regional gaming markets: experts.
NSW controversial cashless gambling trial set to debut.
Okada arrested as PH authorities continue to probe takeover.
Deutsche Bank sees Macau growth in Q3 and Q4.

AGB Intelligence

MACAU

Macau GGR could top $70 billion in 10 years: analyst

Expectations are for Macau to continue to grow, topping 2019's peak of nearly $38 billion and reaching as high as $70 billion within the next 10 years. Experts concur that the Chinese market continues to be underserved, with strong interest in how to convert players to engage in gaming, as non-gaming spend is not expected to top 15 percent of overall revenue even within 10 years