Posts

Top risk adviser Steve Vickers: economic and security concerns increasingly intertwined

jan26 Unprecedented challenges are emerging, driving operational and insurance costs higher at a difficult time for global markets and the world economy, the analyst says ‘Separating economic and security concerns is now close to impossible,’ Vickers adds, warning companies to be mindful of the implications https://macaonews.org/news/business/steve-vickers-security-analysis-macau-britcham/

Concessionárias de jogo beneficiaram de isenção de 150 milhões de dólares de HK em 2024

 jan26 Ao abrigo da norma que concede uma redução de contribuições provenientes das receitas brutas do jogo das concessionárias que conseguirem expandir o mercado de clientes de países estrangeiros, o Governo isentou as operadoras de jogo de pagarem 150 milhões de dólares de Hong Kong em 2024. A informação foi dada ontem pelo Governo aos deputados da Segunda Comissão Permanente da Assembleia Legislativa (AL). Em 2024, as concessionárias de jogo obtiveram uma isenção do pagamento de contribuições no valor de 150 milhões de dólares de Hong Kong, ao abrigo do regulamento que beneficia as concessionárias de jogo que conseguirem expandir o mercado de clientes de países estrangeiros. A informação foi partilhada ontem pelo Governo aos deputados que compõem a Segunda Comissão Permanente da Assembleia Legislativa (AL). Este regulamento entrou em vigor precisamente em 2024. Os deputados Ip Sio Kai e Lam Lon Wai fizeram o resumo da reunião da comissão com o Governo, que contou com a presença ...

VIP GAMING + "Casino premium market: The great post-2022 transformation" (Ryan HO)

 jan26 VIP gaming made up just over one‑quarter of gaming revenue in 2025 By  Nelson Moura VIP baccarat accounted for 27.5 per cent of Macau’s total games‑of‑fortune revenue in 2025, according to full‑year data released by the Gaming Inspection and Coordination Bureau (DICJ). The figures confirm the city’s continued shift toward a mass‑market‑driven casino economy. VIP baccarat contributed MOP67.98 billion ($8.45 billion) in gross revenue last year, representing 27.5 percent of Macau’s total MOP247.40 billion in games‑of‑fortune revenue. The remaining 72.5 percent came from mass‑market play, underscoring the structural dominance of non‑VIP gaming in the world’s largest casino hub. Mass baccarat alone generated MOP142.65 billion, more than double the VIP segment, while slot machines added MOP13.87 billion. Other table games such as cussec, blackjack and roulette contributed smaller shares, reinforcing the trend toward diversified mass gaming. Quarterly data show VIP baccarat’s ...

Macau casinos earn similar revenue with far lower junket costs: Study

 jan26 Macau’s gaming industry has undergone a profound structural shift under the new gaming concession framework, with data showing that commissions, incentives, and rebates paid by concessionaires in 2023 and 2024 fell far more sharply than gross gaming revenue ( GGR ), amid a continued decline in the role of gaming junkets and changes in casino operating models. According to a peer-reviewed study published in Global Gaming & Tourism Research, an academic journal of the  Center for Gaming and Tourism Studies  at Macao Polytechnic University, total industry-wide spending on commissions, incentives, discounts, and rebates amounted to MOP39.507 billion ($4.94 billion) in 2024 and MOP31.762 billion ($3.97 billion) in 2023. These figures represent declines of between 37 percent and 49 percent compared with MOP62.608 billion ($7.83 billion) recorded in 2019. By contrast, industry GGR over the same periods fell by a smaller margin of between 22 percent and 37 percent, ind...

New tourist's profile

 dez25 I think the industry has evolved beyond simply offering a bed, a good night’s sleep, and breakfast. Guests now want a deeper, more meaningful experience. That is what we aim to provide — from the pre-arrival stage, understanding their itinerary, to organising anything they may need in advance. With our butler service and other specialised offerings, we ensure that these personalised services play an important role in their stay. https://macaubusiness.com/guests-now-want-a-deeper-more-meaningful-experience

2034: a decade of meaningful profitability expansion (33.7 percent in 2034)

 dez25 Macau’s casino industry is poised for a decade of meaningful profitability expansion, with industry-wide adjusted EBITDA to gross gaming revenue ( GGR ) margins expected to rise from 27.6 percent in 2024 to 33.7 percent in 2034, according to  Morningstar ’s latest outlook. The firm attributes the improvement to a sustained shift toward higher-margin mass-market play, rising operating efficiency, and a regulatory environment that constrains supply and supports industry-wide economics. Morningstar Senior Equity Analyst Jennifer Song Jennifer Song , senior equity analyst at Morningstar, projects industry-adjusted EBITDA to grow at a compound annual rate of 6.2 percent through 2034, outpacing the expected 4.2 percent compound annual growth rate (CAGR) in GGR during the same period. The research notes that longer-term operating leverage—particularly as mass volumes expand—will be central to margin enhancement. While promotional intensity has increased in the near term amid h...

Macau EBITDA to grow 10% in 2026

dez26 Banking giant Citigroup is forecasting Macau’s gross gaming revenues to rise 6% and EBITDA by 10% year-on-year in 2026, driven by big name concerts, the addition of luxurious hotel suite supply and the addition of new baccarat side bets. This will ensure Macau remains the “top travel destination for the affluent mainland Chinese visitors who seek a total experience,” said Citi analysts George Choi and Timothy Chau in a Thursday note. A 6% increase would see gaming revenues reach around MOP$263.5 billion (US$33.0 billion) – representing 90% of pre-COVID levels. “We expect concerts to drive growth in visitation and premium players’ per-capita spending (as they need to check-in cash to the casinos to secure hot concert tickets), new hotel suites to increase average length of stay and the increasing popularity in new side bets to further boost hold rates,” Citi said. “We forecast industry EBITDA to grow 10% year-on-year, with EBITDA margins holding up at around 29% – largely flat yea...