Asia bulletin: Macau “poised for growth” in 2023, according to analysts

Affiliate believes Macau’s gambling market is poised for growth in 2023.

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This is despite the region suffering an 80% fall in revenue compared to pre-pandemic levels over the last three years – a time in which it has been constrained by stringent lockdown measures because of Covid-19. believes its findings indicate significant opportunities for investors and operators looking at Macau, stating that despite the headwinds faced by the region in recent years, the market has remained “steadfast.”

Specifically, the findings made by suggest that Macau’s market is expected to recover at a compound annual growth rate (CAGR) of 5.7% between 2021 and 2026.

Theaffiliate adds that with Sands China, Wynn Macau and Galaxy Entertainment continuing to dominate Macau’s market, and the development of new resorts and entertainment complexes in the pipeline, this predicted growth is all the more assured.

Furthermore, should Macau make the shift towards online gambling – with its SAR Government currently looking to regulate and legalise this vertical, it will only expand revenue sources for operators, as per the affiliate.

In the below graph, details visitation numbers to Macau from 2013-2022. With the period of Covid-19 restrictions now all but over for the region, the return of visitors will have a key impact on the recovery of the region's gaming economy.  


The full report was conducted with the assistance of Sudhir H Kale, PhD, a former full-time advisor to Sands China.

In August 2022, Gambling Insider made the case for and against investing in Macau at a time when its market health and revenues were at their lowest.

Perhaps now, the 'for' argument is coming to the fore...

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