Macau operators are starting to see marginal improvements in the middle of the third quarter. This is after a slow start. This month, offsetting measures are likely to counter soft visitation and money-changing crackdowns, showing positive signs for the future. These are some of the certain restraining factors last July. Nonetheless, overall the strong renewal could be beginning to slow. For the moment, Vanuatu has just launched its new online portal to process Interactive Gaming Licenses. This is will some jurisdictions are shying away from the online segment. It is utilizing its new regulatory framework to provide attractive options for operators looking for better pastures.
Morgan Stanley analysts note that this August, Macau should see a moderate GGR increase of 1 percent month-over-month.
After new regulatory framework improvements, Vanuatu starts processing new Interactive Gaming Licenses using online portal.
After a slow July, the iGaming operators of Macau can expect a modest uptick in revenue this month. However, the figures remain sluggish compared to expectations. Particularly from Macau’s main source market China, lower visitation, and concerns over money exchange crackdowns by from the mainland authorities likely impacted the downturn in July. Euro Cup also had its toll with all factors expected to ease this August.
Last month, The Vanuatu Department of Customs and Inland Revenue is fulfilling the role of gambling regulator. VGA Limited is processing applications as the exclusive agent under a public-private partnership agreement.
Initially, the new Vanuatu Interactive Gaming License is primarily targeted at B2C operators. Each license includes two URLs, with the option to add additional URLs for a fee. This will effectively enable the operation of White Label brands in a way that is similar to other jurisdictions such as the Isle of Man. With the license holder having to ensure compliance with all rules by any White Label partner websites operated under its umbrella.
