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Macau gaming operators commit MOP9 billion to Government Guidance Fund

out26 CBRE: Concessionaire contributions to Macau’s US$2.5 billion investment fund have their pros and cons In a Thursday note reviewing MGM Resorts International’s 3Q26 earnings, which included record revenue and market share in Macau, CBRE analysts Colin Mansfield and Connor Parks said, “ On one hand, we think accelerating the pace of all concessionaires hitting concession commitments could eventually ease market opex pressures and be a tailwind to longer-term margins. On the other, this payment could be viewed as a one-time tax as the cost of doing business in the market.” While they stated that MGM China’s balance sheet is well positioned to absorb the payment into the fund with “healthy liquidity and 2.5x standalone leverage,” the analysts also pointed out that Macau headwinds remain top of mind for investors given “structurally lower market-wide profitability, lower GGR growth and the eventual re-bidding for the third iteration of gaming concessions.” The individual commitments ...
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Some Macau operators could face long-term headwinds because their properties were built to cater for a base mass gaming customer that has failed to return in significant numbers

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 out26 Some Macau operators could face long-term headwinds because their properties were built to cater for a base mass gaming customer that has failed to return in significant numbers, according to commentary from Truist Securities. While industry analysts have broadly expressed their lack of excitement around the current state of the Macau gaming market ahead of 3Q26 earnings season – which kicks off on Thursday local time – Truist’s Barry Jonas and Jeremy Jacoby hinted that the slowdown could present a longer-term problem for some, stating, “More broadly we think Macau faces some product-related issues as certain properties were built to cater to base mass gaming.” The analysts did not single out any specific properties or operators they were referencing although they did state that neither MGM China nor Wynn Macau face any such long-term structural risks because both have an established premium mass positioning. In the short-term, Jonas and Jacoby noted that there remains limit...
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sem planos para a revisão em baixa da previsão das receitas do jogo

 out26 Apesar de as receitas do jogo em Macau terem registado uma queda homóloga durante os últimos quatro meses consecutivos, o Governo não prevê, por enquanto, qualquer ajuste nas previsões relativas ao orçamento. O Chefe do Executivo, Sam Hou Fai, promete avaliar a evolução da indústria do jogo e admite que a eventual recessão do sector irá afectar directamente as finanças, colocando pressão sobre as despesas públicas essenciais.   O Governo está a acompanhar a evolução do sector do jogo e não pondera, para já, rever em baixa a previsão das receitas brutas anuais do jogo. Foi o que avançou o Chefe do Executivo, Sam Hou Fai, apesar de as receitas do jogo terem ficado aquém das expectativas nos últimos meses, registando uma queda homóloga pelo quarto mês consecutivo. Entre Janeiro e Setembro deste ano, as receitas do jogo de fortuna ou azar em Macau situaram-se em cerca de 187,1 mil milhões de patacas, faltando cerca de 50 mil milhões para alcançar o montante orçamentado do G...
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China ajuda Macau, Singapura (e outros)? (II pós set26)

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sinais contraditórios

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out26 Las Vegas Sands Corp has cited improved volumes across all gaming segments at its Macau integrated resorts in the three months to 30 September 2026, although softness at the high end of the market and low hold at The Londoner Macao impacted profitability. According to information published Thursday morning, total net revenues at Sands China Ltd – operator of The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Sands Macao – re https://asgam.com/2026/10/22/sands-china-revenues-up-8-4-sequentially-in-3q26-as-market-share-gains-offset-high-end-softness-and-low-londoner-hold/ O terceiro trimestre deste ano foi estranho para a Sands China, de acordo com os resultados apresentados ontem à bolsa de valores de Hong Kong. A concessionária de jogo teve em simultâneo uma quebra anual de 29,8 por cento dos lucros líquidos, em termos anuais, que se fixaram em 191 milhões de dólares, e uma subida homóloga de 1,4 por cento das receitas líquidas, no período em análise,...
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Singapore to prescribe electronic credits as casino chips under new regulatory regime

 set26 Singapore is to enact new casino regulations to prescribe electronic credits as casino chips. Additionally, “new wagering instruments may also be prescribed in future,” should the city-state’s Gambling Regulatory Authority (GRA) “assess them to be suitable”. That is according to a Monday update from the Ministry of Home Affairs, outlining a  second tranche of measures under the country’s Casino Control (Amendment) Act 2024 that took effect that day. The Casino Control (Amendment) Act 2024 had received a second reading in Singapore’s parliament in September 2024. Monday’s statement said: “New Casino Control (Prescribed Casino Chips) Regulations 2026 will be enacted to prescribe electronic credits as casino chips. “New wagering instruments may also be prescribed in future, should GRA assess them to be suitable.” The statement said the intent of the changes was “to future-proof the regime” to allow for new modes of payment, “such as cashless gaming”. “An example is where ...
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“emerging market for slots” ?

set26 Macau is going to be an “emerging market for slots” as growth in high-end table play moderates and demand in the latter segment matures, suggests United States gaming technology entrepreneur John Acres, in comments to GGRAsia. To build on and support that potential, Macau can benefit from a next-generation slot video screen manager offering “real-time customer engagement,” Mr Acres (pictured) stated. He is founder of Las Vegas, Nevada-based Acres Manufacturing Co. The business, started in 2007, was recently gazetted as a gaming machine manufacturer approved by the Gaming Inspection and Coordination Bureau (DICJ) for the Macau market. For the April to June period, Macau’s slot gross gaming revenue (GGR) was 6.7 percent of all casino revenue, up from 5.6 percent a year earlier, according to gaming bureau market-segment data issued recently . That was notwithstanding the 12,000-unit cap on the number of electronic gaming machines (EGMs) permitted in Macau. A key Acres Manufacturing ...
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