Macau 2025 GGR hit $30.9B. But Q4 Event Costs Put Margins Under the Microscope

Record visitors and near-$31B GGR confirm Macau’s post-COVID rebound — but Q4 event-driven costs compressed margins. Watch adjusted EBITDA and event ROI.
Macau’s casinos pulled $30.9B in 2025. A real comeback or a temporary bubble?

Macau closed 2025 with a post-pandemic GGR high of US$30.9B, driven by premium-mass demand and major non-gaming investments; this briefing synthesizes the rebound, intracompany licensing/branding shifts (e.g., MGM’s revised fee), and the macro/policy catalysts likely to shape Macau’s 2026 trajectory.
Sun Group Breaks Ground on US$2B Resort in Vietnam — What Online Game Operators Should Watch

Sun Group has begun construction of a US$2B integrated resort in Van Don, Vietnam. This development creates digital opportunities for iGaming and online casino operators — from potential local-player demand to travel-driven acquisition and payments/KYC readiness.
Japan Sets 2027 Window for Integrated Resort Licenses
India Online Gaming Regulation 2026: The Supreme Court & The Future of RMG

The Supreme Court’s consolidated ruling on the PROGA Act and 40% GST has created extreme uncertainty for Real-Money Gaming (RMG) in India. Discover the strategic content shifts required for survival.
Macau Nov 2025 GGR: Satellite Closures Boost Integrated Resorts

November 2025 GGR surged to MOP 21.09B (~US$2.63B). Strong mass demand plus regulatory-driven satellite closures are accelerating Macau’s shift to integrated resorts and nongaming — with important implications for iGaming and casino stocks.
Macau’s US$19.3B Review – A Market-Signals Brief for Online Operators

Neutral industry brief on possible market signals from Macau’s US$19.3B investment review and what online operators may choose to monitor.
Sri Lanka sets new Gambling Regulatory Authority – Integration Resorts demand rises

Sri Lanka’s new Gambling Regulatory Authority goes live on 1 Dec 2025, centralizing licensing and increasing scrutiny of online play. Practical steps for operators and suppliers.
Macau Shockwave: SJM’s Casa Real Shuts — The Race for VIPs, Cotai Gains, and What Operators Should Consider

SJM’s Casino Casa Real closes 21 Nov 2025. Read a neutral playbook for operators: VIP capture, Cotai consolidation and measured steps.
Bloomberry resorts exits South Korea: A new chaper for Asia’s casino and iGaming market

Bloomberry exits South Korea, selling Jeju Sun Hotel & Casino amid foreigners-only restrictions. The move marks a shift toward inclusive, tech-driven markets across Asia’s casino and iGaming industry.