Weekend Conversation Corner – October, 16

Welcome to the latest edition of the Focus Gaming News Weekend Conversation Corner. We’re here to provide a quick yet thorough look at the major headlines that have captured global attention this week. Our goal is to distill the week’s flurry of events into a clear and focused summary, spotlighting the pivotal stories that have shaped discussions, influenced decisions, and set the agenda. Join us as we filter out the distractions to present a condensed overview of the week’s crucial developments, keeping you well-informed on what truly impacts our rapidly evolving world. Stay informed, stay inspired, and keep gaming on. And have a wonderful weekend ahead!

MGM Osaka could divert up to US$1.72bn from South Korean casinos, study warns

A study warns that South Korea’s casino industry could lose up to KRW2.32tn (US$1.72bn) in annual gaming spend to Japan’s MGM Osaka, set to open in 2030. This threat impacts both Kangwon Land and the country’s 17 foreigner-only casinos. Factors like entry restrictions, betting limits, and limited operating hours are identified as weakening South Korea’s competitiveness and influencing players’ intentions to visit MGM Osaka. Surveyed patrons desire fewer restrictions, 24-hour operations, and higher betting limits. The research advises against new demands on casinos or short-term renewable licences to prevent further player attrition.

Macau GDP projected to shrink by 2% as casino revenue weakens

The Macau Economic Association (MEA) projects a 2 per cent year-on-year decline in Macau’s gross domestic product (GDP) for the third quarter of 2026, estimating MOP102.9bn (US$12.8bn). This forecast is primarily attributed to weaker performance in the casino sector, with gross gaming revenue (GGR) falling 1.2 per cent year-on-year in both August and September. While overall arrivals increased, overnight visitors decreased. Other economic indicators, including the Economic Sentiment Index, spending, and unemployment, remained stable.

Despite the projected Q3 contraction, the MEA estimates Macau’s economy grew 1.5 per cent to 2.1 per cent over the first nine months of 2026, with cumulative GDP forecast between MOP311.8bn and MOP313.8bn. International visitor markets and improved air connectivity are identified as potential growth drivers.

Vietnam proposes updated gambling regulations

Vietnam’s Ministry of Finance has drafted new decrees to update administrative enforcement rules across lotteries, betting, casinos, and prize-winning electronic games. These reforms aim to align sector-specific regulations with recent national legislation, including laws on anti-money laundering, counter-terrorism, and administrative violations. The proposed maximum fine for organizations violating regulations would be VND200m (US$7,700), while individuals would face VND100m (US$3,850). Enforcement powers will be distributed among specialised state agencies, provincial and commune-level People’s Committee chairpersons, and the People’s Police. The drafts outline numerous violation groups across these gambling sectors, including those related to money laundering and counter-terrorism financing.

11 companies granted right to apply for New Zealand online casino licences

New Zealand has completed an auction for online casino licence application rights, with 11 companies securing slots out of 15 available. The auction saw **32 bidders across 10 rounds**, setting the price at NZD15m (US$8.4m) per licence. Baytree Interactive (owned by Super Group) secured the maximum three rights. Entain’s Playvia Gaming, Rock Swift Group, and SkyCity each won two rights. Other successful applicants include Christchurch Online NZ, One Casino, Rush Entertainment, Skill On Net, Stake New Zealand, and TAB New Zealand. Securing these rights does not guarantee a final licence; companies must undergo a comprehensive evaluation. Successful applicants are expected to receive three-year **operating licences in early 2027**. Operators that did not secure rights **must cease all online casino operations in the country by 1 December 2026**. Those moving forward with applications can continue operating without advertising until final decisions.

Macau maintains gaming revenue forecast as gaming tax climbs 5.6% in year to date

Macau’s Chief Executive Sam Hou Fai confirmed the government will assess October’s gaming revenue before revising the 2026 gross gaming revenue (GGR) forecast of MOP236bn (US$29.2bn). This assessment is crucial as GGR has seen four consecutive months of year-on-year declines. For the first nine months of 2026, GGR reached MOP181.341bn (US$20.95bn), up 3.7% YoY. To meet the annual target, the remaining three months must generate MOP48.9bn (US$6bn). Authorities are monitoring if increased visitor arrivals during China’s Golden Week translate into stronger casino spending. Additionally, Macau collected MOP74.56bn (US$9.22bn) in casino taxes in the first nine months of 2025, a 5.9% increase, comprising 84.1% of government revenue.