Weekend Conversation Corner – November, 14

Welcome to the newest installment of our Focus Gaming News Weekend Conversation Corner, where we provide a brief overview of the week’s most important headlines. We will dissect the key stories that have captured global attention, shaping discussions and impacting policies. Join us as we cut through the noise to give you a concise summary of the week’s significant developments, keeping you informed on what really matters in today’s ever-changing world.

Stay informed, stay inspired, and keep gaming on. Have a fantastic weekend!

Independent advisors urge Genting Malaysia to reject Genting Bhd’s takeover offer

Kenanga Investment Bank has advised minority shareholders to reject Genting Berhad’s offer of MYR2.35 per share for full control of Genting Malaysia, deeming it “not fair and not reasonable.” This recommendation is supported by Genting Malaysia’s non-interested directors and analysts who believe the offer undervalues the company’s potential, especially in light of its bid for a casino license in New York. Despite Genting Berhad’s stake exceeding 50%, it is unlikely to reach the thresholds for delisting or minority squeeze-out without raising the offer price. Maybank Investment Bank projects significant growth for Genting Malaysia, estimating a potential net profit of MYR1.93bn by 2030 from the New York expansion, which is not reflected in the current offer. The deadline for shareholders to accept the offer has been extended to December 1.

Jefferies lifts growth forecast for Macau’s casino sector

Jefferies, an investment bank, predicts a 13% increase in Macau’s casino sector’s gross gaming revenue (GGR) in Q4, nearing US$30.7bn for the year. Analysts Anne Ling and Jingjue Pei expect a significant rise in fourth-quarter GGR, attributing it to a robust recovery in premium and VIP segments. Factors like wealth creation in regional markets, strong private equity investment, and new IPOs are driving GGR growth. Sands China and Galaxy Entertainment are projected to expand their market shares, while SJM Holdings may face challenges due to satellite casino closures. Despite this, SJM is confident in retaining market share. The positive outlook is supported by strong performance in October and increased player engagement through entertainment events and incentives.

Macau considers limited exceptions to planned gambling ad ban

Authorities in Macau are considering limited exemptions to the proposed ban on gambling advertising, specifically for promotional activities related to gaming equipment and industry exhibitions. The draft bill, finalized by the Executive Council, will be reviewed by the Legislative Assembly. While gaming concessionaires are allowed to promote within designated casino areas, the new legislation will explicitly ban all other forms of gambling advertising. Industry feedback highlighted the need for certain businesses to have limited promotional space, leading to recommendations for specific exemptions for necessary industry promotions. Responsible gambling campaigns, problem gambling counselling, and raffles/lucky draws will not be classified as gambling ads. The draft bill also includes provisions for celebrity endorsements and online advertising to modernize advertising oversight.

Philippine GGR flat on Q3 amid online gaming reforms

PAGCOR reported a gross gaming revenue of US$1.6bn in the third quarter of 2025 in the Philippines. The Electronic Games segment saw a 17.4% increase, while PAGCOR-operated and licensed casinos experienced declines. The delinking of e-wallets from legitimate gaming platforms led to a temporary decrease in activity. PAGCOR’s CEO emphasized the importance of safeguarding players and transparent transactions. He warned against illegal gaming sites that do not comply with regulations and urged the public to engage only with licensed platforms. Despite challenges, PAGCOR remains optimistic about the industry’s future growth as players adjust to new protocols and enforcement measures against illegal gambling strengthen.

Wynn Resorts expects up to two competitors in United Arab Emirates

Craig Billings, CEO of Wynn Resorts, is confident in the company’s position in the United Arab Emirates with the upcoming Wynn Al Marjan project. The UAE is expected to license up to four integrated resorts, with MGM Resorts International already applying for a license. Billings anticipates a market worth US$3bn to US$5bn in gross gaming revenue, with Wynn aiming for a fair share premium. The UAE’s strong local market and high GDP per capita make it an attractive location for Wynn’s targeted marketing efforts. Developed in partnership with RAK Holding, Wynn Al Marjan is scheduled to open in early 2027 on Al Marjan Island. Wynn received its license from the General Commercial Gaming Regulatory Authority in October 2024.

Welcome to the newest installment of our Focus Gaming News Weekend Conversation Corner, where we provide a brief overview of the week’s most important headlines. We will dissect the key…