Your Daily Asia Gaming eBrief: UN: Macau junket closure had "massive impact"

Good Morning. "It is no longer the case that anything is possible in Macau". A UN crime rep says that the closure of Macau's top junkets has sent a tidal wave into Southeast Asia, even as authorities crack down further on illegal activity. In Macau, GGR is expected to continue to surge next year, after expectations 2023 could top $23.7 billion. Looking at the Cotai Strip, Pansy Ho is aiming high - pushing to add more stories to keep up with the neighbors, even as it revamps its offerings to focus on high-end MICE.

What you need to know

• Suncity and Tak Chun convictions generated ‘migration’ of darker side of junket operations into Southeast Asia: UN Rep.
• Macau gaming expert forecasts GGR surge by 2024, with 2023 projections reaching $22.4-23.7 billion.
• Pansy Ho aims to expand MGM's Cotai footprint by adding more stories onto its property. The group hopes to tap into high-end MICE.

On the radar

• RGB director out on bail, company denies links to political funding.
• Saipan authorities terminate land lease for Macau-linked casino resort.
• Success Universe reports 41 percent growth in gross profits for 1H23.
• China and Myanmar: ‘important consensus’ on cross-border telecom fraud.
• Pasay City POGO workers plead 'not guilty'.
• Delta goes to court to try and secure a casino license in Daman and Diu.
• Galaxy to allow grantees to acquire 0.09% share under award scheme.

AGB Intelligence

JUNKETS

UN crime head: shuttering of Macau junkets caused dispersal

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