Macau Legend Development Ltd has warned of a sharp downturn in performance for the first half of 2025, forecasting a net loss of approximately HKD 1.42 billion (US$182 million). This represents a dramatic increase compared to the HKD 109.9 million loss recorded in the same period last year. The setback highlights how regulatory shifts and operational challenges are reshaping the satellite casino landscape in Macau.
On August 27, 2025, Morgan Stanley Asia Ltd announced a substantial 25% downgrade to Bloomberry’s 2025 adjusted EBITDA forecast, reducing expectations from PHP 17.83 billion to around PHP 13.38 billion (approximately US$235.1 million). This sharp revision underscores the mounting challenges faced by the Philippine casino operator amid a sluggish recovery in VIP and premium mass-gaming markets.
Macau’s gaming sector is drawing heightened investor interest, thanks to fresh signals from major operators returning capital to shareholders. According to investment bank Morgan Stanley, interim dividends from leading players—Wynn Macau, MGM China, and Galaxy Entertainment Group—exceeding a 50% payout ratio, combined with robust gross gaming revenue (GGR) forecasts, set the stage for a potential re-rating of regional stocks.
Flutter Entertainment, the British gaming powerhouse, has suspended its real-money gaming operations in India under its Junglee brand. The move comes in the wake of the expedited passage and signing of India’s Promotion and Regulation of Online Gaming Bill, introduced and enacted within just two days—on August 22, 2025. As a result, Flutter anticipates forfeiting approximately US$100 million in revenue and US$25 million in Adjusted EBITDA.
Osaka, the future home of Japan’s first integrated resort (IR) with a casino, is set to host a pivotal forum this Wednesday (August 27). The event, titled the “South Korea Casino Industry Forum in Osaka,” will bring together leaders from South Korea’s casino sector to assess the potential impact of the upcoming MGM Osaka, slated to open in 2030. Organized by the Korea Casino Association (KCA) and the Tourism Sciences Society of Korea, the forum aims to facilitate dialogue on how South Korea’s casino and tourism businesses can respond to Japan’s landmark IR development.
Author: Janice Chew • Thursday, 28/08/2025
