A renewed surge in VIP gaming volumes has prompted JPMorgan to trim its Macau EBITDA forecasts, warning that the recovery’s composition is becoming less favorable for margins. While headline gross gaming revenue (GGR) continues to show resilience, the investment bank cautioned that a heavier reliance on VIP play—traditionally lower-margin and more volatile than mass-market gaming—is diluting profitability across the sector.
The Cape Verde government has formally taken over an unfinished hotel-casino project originally developed by Macau Legend Development, marking a decisive intervention aimed at preventing further deterioration of a long-stalled investment. The project, envisioned as a flagship tourism and gaming development, had remained incomplete for years due to financial and operational challenges faced by the Macau-listed firm.
China has formally called on fugitives linked to the Chen Zhi syndicate to surrender by February 15, escalating pressure on one of the most notorious criminal networks operating across Southeast Asia. According to official Chinese statements, the syndicate is accused of orchestrating large-scale telecom and online fraud, money laundering, and other cross-border crimes that have victimized thousands, primarily targeting Chinese nationals. Authorities framed the ultimatum as a final opportunity for suspects to return voluntarily and potentially receive leniency under Chinese law.
The organisers of the Hong Kong Sevens have announced a new partnership with the Hong Kong Jockey Club (HKJC), creating a crossover between world-class rugby and horse racing during April’s highly anticipated Rugby Week. The collaboration is aimed at enhancing the overall visitor experience by linking two of Hong Kong’s most internationally recognised sporting attractions, while also broadening entertainment options for overseas and regional tourists.
Sands China Ltd has launched a new dedicated gaming area at Sands Macao, branded as the “Pearl Gaming Room,” marking another step in the operator’s continued shift toward mass-market customers. According to regional gaming media, the new room is designed to cater specifically to players with lower to mid-range bet sizes, reflecting the company’s broader strategy to align with Macau’s post-junket regulatory landscape and evolving visitor demographics.
Author: Janice Chew • Monday, 19/01/2026
