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Macau gaming regulator to adjust scope of operators’ non-gaming investments

 mar26 Macau’s gaming regulator said it will fine-tune the scope of non-gaming investments by casino operators this year, aiming to better align such projects with the city’s economic diversification goals. In a written response to legislator Si Ka Lon, the Gaming Inspection and Coordination Bureau ( DICJ ) said the Macau SAR government plans to guide gaming concessionaires to concentrate resources on initiatives that generate economic and social benefits while enhancing Macau’s international image. ‘After reviewing past non-gaming investment performance, the government will strengthen guidance for concessionaires to focus resources on projects with economic and social value and those that help enhance Macau’s brand image,’ the regulator said. As a result, ‘the scope of non-gaming investment will be fine-tuned.’ However, the bureau emphasized that the approval standards for non-gaming projects will remain unchanged, noting that investments must continue to support Macau’s developme...
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“Casino regulatory policy is systematically wrong”

 mar26 Economist Andrew Russel challenges the oversimplified economic view of casinos as “polluting factories”, highlighting their utilitarian and transactional functions to redefine the economic framework they should live in. Speaking at the  Regulating the Game 2026 conference in Sydney , Russell argued that replacing the “casinos as polluting factories” analogy with a framework rooted in New Institutional Economics (NIE) is the only way to modernize a regulatory landscape that currently serves government interests far more than the public or the industry. The traditional factory model rests on the idea of mass production and economies of scale. Factories exist to lower production costs. If casinos were truly “gambling factories”, Russell points out, several daily operational realities would make no sense. https://agbrief.com/news/world/10/03/2026/casino-regulatory-policy-is-systematically-wrong-redefining-casinos-economic-purpose/?utm_source=Asia%20Gaming%20Brief&utm_ca...
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SJM II (mar26)

 mar26 SJM’s liquidity ‘adequate’ despite ‘weak’ 2025 results: Lucror https://www.ggrasia.com/sjms-liquidity-adequate-despite-weak-2025-results-lucror?utm_source=rss&utm_medium=rss&utm_campaign=sjms-liquidity-adequate-despite-weak-2025-results-lucror mar26 The risk of Macau concessionaire SJM Holdings not resuming dividend payments by 2027 has grown given the company’s need to focus its energies on deleveraging, according to investment group CLSA. In a Tuesday note, CLSA’s Jeffrey Kiang said SJM still had “some way to go” on the road to deleveraging, which should command a higher priority in capital allocation in 2026 and 2027. As such, “the risks of SJM not paying dividends in 2027 has grown” following  release last week of the company’s 4Q25 results , which saw Adjusted EBITDA fall 32% year-on-year and below forecasts to HK$671 million. “We think SJM faces more structural headwinds than other concessionaires amid the more aggressive spending program by Sands China si...
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Casinos de Las Vegas facturaram menos de um terço de Macau em 2025

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  No último ano, as receitas brutas do jogo de Macau foram mais de três vezes superiores às receitas dos casinos da ‘strip’ de Las Vegas. Os 8,8 mil milhões de dólares americanos arrecadados pela capital do jogo norte-americana, em 2025, equivaleram a 29% das receitas dos casinos da RAEM, segundo dados oficiais analisados pelo Jornal TRIBUNA DE MACAU. Apesar de ter registado receitas de jogo semelhantes às de 2024, sector do turismo de Las Vegas atingiu os valores mais baixos dos últimos quatro anos, em termos de visitantes, contrastando com o ano recorde de Macau PEDRO MILHEIRÃO Em 2025, os casinos da ‘strip’ de Las Vegas arrecadaram receitas brutas de 8,8 mil milhões de dólares americanos (71,3 mil milhões de patacas), valor similar ao registado no ano anterior, segundo dados da Comissão de Controlo do Jogo do Estado do Nevada compilados pelo Jornal TRIBUNA DE MACAU. Este montante correspondeu a 28,8% das receitas do jogo da RAEM, no último ano, cifradas em 247,4 mil milhões de p...
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Despesa ‘per capita’ dos visitantes caiu mais de 7% para 2.000 patacas (VER Profile do turista)

 mar26~ Consumer sentiment “still very low”, with China encouraging “slow bull market”; Macau still stands to gain https://agbrief.com/news/macau/12/03/2026/consumer-sentiment-still-very-low-with-china-encouraging-slow-bull-market-macau-still-stands-to-gain/?utm_source=Asia+Gaming+Brief&utm_campaign=2c7d6424b3-AGB%3A+%2302344+Friday%2C+13th+March%2C+2026&utm_medium=email&utm_term=0_51950b5d21-2c7d6424b3-%5BLIST_EMAIL_ID%5D&ct=t%28AGB%3A+%2302344+Friday%2C+13th+March%2C+2026%29&goal=0_51950b5d21-2c7d6424b3-%5BLIST_EMAIL_ID%5D&mc_cid=2c7d6424b3&mc_eid=31e20475e6 fev26 The average nightly cost of a Macau five-star hotel room in January was MOP1,522.5 (US$189.0), down 2.9 percent year-on-year, while the average occupancy rate for the tier was 95.8 percent, up 0.8 percentage points from a year ago. That is according to the latest monthly survey from the Macau Hotel Association, published by the Macao Government Tourism Office. The survey figures were drawn fr...
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top percentile of VIP guests

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fev26 GEG LUXO Galaxy Entertainment Group  is doubling down on entertainment and ultra-luxury is its cornerstone going forward, with recent openings of premium-focused hotels and offerings catering to more demanding customers. “Going forward […] the super premium mass market is the focus of our competition […] because people coming to Macau do not just want to gamble. We need to provide good F&B, good concerts to attend, retail, etc,” noted   GEG Chairman Francis Lui   at a media briefing for its   annual results   on Thursday. https://agbrief.com/news/macau/26/02/2026/ultra-luxury-and-super-premium-the-focus-of-galaxy-going-forward-management/?utm_source=Asia+Gaming+Brief&utm_campaign=02bb02de7b-AGB%3A+%2302334+Friday%2C+27th+February%2C+2026&utm_medium=email&utm_term=0_51950b5d21-02bb02de7b-%5BLIST_EMAIL_ID%5D&ct=t%28AGB%3A+%2302334+Friday%2C+27th+February%2C+2026%29&goal=0_51950b5d21-02bb02de7b-%5BLIST_EMAIL_ID%5D&mc_cid=02bb02de7b...
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Turistas - recordes de visitantes

 fev26 Macau recorded a new all-time high in entries and exits at the borders of the SAR ten days ahead of the Lunar New Year—the world’s largest annual migration—authorities announced on Sunday. Macau’s Public Security Police (PSP) said the SAR’s borders registered around 867,000 crossings on Saturday, the highest number since daily records began. In a statement, the PSP said the largest share of movements (39.1 per cent) was attributed to tourists. Macau, the world’s casino capital, received around 174,000 visitors on Saturday, still well below the daily record of 188,000 set on 2 January. Meanwhile, Macau residents accounted for 36.7 per cent of border crossings, while migrant workers represented 21.6 per cent. According to PSP data, the territory’s largest checkpoint, the Border Gate, was also the busiest, with nearly 463,000 crossings—the highest daily figure in the past five years, since the start of the Covid-19 pandemic. In neighbouring Hong Kong, the Secretary for Culture,...
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