Retendering21-22

ab26 Sands China said Thursday that it is starting to see a gradual uptick in the propensity of players in Macau wagering on baccarat side bets – although their percentage of total wagers placed still remains well below its Singapore peer Marina Bay Sands. The issue of side bets was raised during parent company Las Vegas Sands’ (LVS)  1Q26 earnings call , with Sands being one of a number of operators to have previously stated that the higher margin betting options were not as popular among players in Macau as they have been in Singapore. In fact, so significant has their impact been at Marina Bay Sands that LVS recently  abandoned traditional hold calculations  in favor of a new quarterly methodology, because smart tables have allowed them to calculate exact hold expectations on a rolling basis. There has been no such shift in approach in Macau, although the city’s gaming regulator, the Gaming Inspection and Coordination Bureau (DICJ), last month approved three new side b...

 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...

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...

 ab26 Entre Janeiro e Março deste ano, a indústria do jogo teve um peso de 89,9% nas receitas correntes da RAEM. Os dados publicados na página da Direcção dos Serviços de Finanças (DSF) mostram que a economia do território continua fortemente dependente do sector do jogo, tendência que se tem vindo a acentuar nos últimos anos. No primeiro trimestre deste ano, 89,8% das receitas correntes da RAEM tiveram origem na indústria do jogo. No mesmo período do ano passado, os casinos representaram quase 88% das receitas correntes totais, assinalando-se assim uma ligeira subida de quase dois pontos percentuais entre os primeiros trimestres de 2025 e 2026. De acordo com os dados pulicados na página da Direcção dos Serviços de Finanças (DSF), os cofres da RAEM arrecadaram 25,8 mil milhões de patacas provenientes do sector do jogo entre Janeiro e Março deste ano, enquanto o valor total das receitas correntes ascendeu a 28,7 mil milhões de patacas. Olhando para o mesmo trimestre de 2025, constat...

 de25 Transforming sports betting: AI and the future