Your Daily Asia Gaming eBrief: Macau will head post pandemic recovery in Asia

Tuesday 8th of August 2023

Good Morning. Macau is in the pole position for the post pandemic recovery in the Asia tourism and gaming sector, thanks to pent-up demand in the Chinese outbound tourism market. At least, that’s the view of gaming and hospitality industry veteran, Brett Model, who also paints a similar rosy picture for the UAE’s future. Meanwhile, senator Francis Escudero has warned there could be a general tax hike if a complete ban on Philippine offshore gaming operators is enforced, in order to cover for lost tax revenue.

ASEAN Gaming Summit, asia gaming ebrief, Philippines

What you need to know

Macau will ride the wave of the post pandemic Chinese outbound tourism market to lead the recovery in Asia.
POGOs ban would incur general tax hike: PH senator.

On the radar

Macau’s tourism recovered to 80 percent of 2019 levels in July: MGTO.
Kangwon Land ended the second quarter of this year with a 12 percent quarterly drop in net profits.
Macau airport passenger volume already at 60 percent of pre-pandemic levels.

AGB Intelligence

MACAU

“I am confident that Macau will show the biggest rebound in the region”

Gaming and hospitality industry veteran Brett Model, points to a bright future for the SAR’s gaming and tourism sectors, thanks to pent-up demand still existing in the Chinese outbound tourism market. The industry insider believes new challengers, such as Osaka and the UAE, still have a long way to go to really challenge the city, considering the “millions of people in China, they can literally walk over the border”.