• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 23 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Morgan Stanley: End of free snacks to non-gamblers will hurt Macau footfall but not GGR

Ben Blaschke by Ben Blaschke
Tue 18 Jun 2024 at 05:50
A New Macau
35
SHARES
878
VIEWS
Print Friendly, PDF & Email

A move by Macau’s concessionaires to limit the provision of free snacks to visitors may impact footfall but is unlikely to have any material affect on gaming revenues, according to investment bank Morgan Stanley.

In a note published last week after Macau’s gaming regulator, the DICJ, urged operators to stop giving away free snacks due to the impact the practice was allegedly having on local SMEs (small and medium enterprises), analysts Praveen Choudhary and Gareth Leung noted that snacks would no longer be given away to non-gamblers and non-members although free drinks were still available to players holding a membership card with at least one point on it.

Inside Asian Gaming reported last week on the government’s crackdown, which Choudhary and Leung said was also likely behind a decline in Macau gaming stocks of between 3% and 7% that day.

However, they added, “We think this could hurt footfall to casinos but will only have a small impact on GGR since the new measure will mainly discourage visitors who are in a casino for free snacks but never gamble. Gamblers can still get free snacks easily.

“Macau GGR recovery has been driven by higher-end gamblers post-COVID. This is showcased by Mass GGR per Chinese visitation being 34% higher than 2019 in 1Q24.”

As reported by IAG, some mainland tourists had been taking advantage of free food and drinks offers and of “zero-dollar tours” to Macau, by which they arrive on free shuttle buses to the casinos, pick up their free snacks, then return to the border control points using those same shuttle buses.

This way of traveling had become increasingly popular, and some Hong Kong-based Key Opinion Leaders have promoted this way of spending a day in Macau without paying a single dollar.

RelatedPosts

SJM Resorts announces “salary increment” for 99% of staff

Moody’s lowers outlook for Macau’s SJM Holdings to negative on elevated leverage, satellite casino uncertainty

Tue 23 Sep 2025 at 04:41
Macau updates super typhoon Ragasa policy with all casinos to close once No. 8 typhoon signal is hoisted

Macau updates super typhoon Ragasa policy with all casinos to close once No. 8 typhoon signal is hoisted

Tue 23 Sep 2025 at 04:32
A New Macau

Macau court dismisses LT Game patent claims against Light & Wonder subsidiaries as infamous 13-year legal dispute comes to an end

Mon 22 Sep 2025 at 18:22
Macau government prepares to order closure of all casinos as super typhoon Ragasa approaches

Macau government prepares to order closure of all casinos as super typhoon Ragasa approaches

Mon 22 Sep 2025 at 15:44
Load More
Tags: casinoFootfallFree snacksgross gaming revenueMacauMorgan Stanley
Share14Share2
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

Inside Thai IRs

Thai Senate to review and oppose Entertainment Complex Bill today

by Newsdesk
Tue 23 Sep 2025 at 05:12

The Thai Senate will today deliberate over a report from a special Senate panel that opposes the legalization of casino gaming within entertainment complexes. According to the Bangkok Post, Senate Speaker Mongkol Surasajja confirmed Monday that the session would proceed,...

SJM Resorts announces “salary increment” for 99% of staff

Moody’s lowers outlook for Macau’s SJM Holdings to negative on elevated leverage, satellite casino uncertainty

by Ben Blaschke
Tue 23 Sep 2025 at 04:41

Moody’s Ratings has become the second ratings agency in a little over a week to lower its outlook for Macau’s SJM Holdings, pointing to the company’s elevated leverage and uncertainty around whether it can hold onto satellite casino customers when...

Macau updates super typhoon Ragasa policy with all casinos to close once No. 8 typhoon signal is hoisted

Macau updates super typhoon Ragasa policy with all casinos to close once No. 8 typhoon signal is hoisted

by Pierce Chan
Tue 23 Sep 2025 at 04:32

Macau’s gaming regulator, the Gaming Inspection and Coordination Bureau (DICJ), revealed late Monday that the government would close all casinos when a No. 8 typhoon signal is hoisted and will make proper arrangements for staff and visitors to depart in...

A New Macau

Macau court dismisses LT Game patent claims against Light & Wonder subsidiaries as infamous 13-year legal dispute comes to an end

by Ben Blaschke
Mon 22 Sep 2025 at 18:22

One of the Asian gaming industry’s most infamous legal disputes has reached a major determination in its principal proceedings after Macau’s Judicial Court of First Instance dismissed claims by local supplier LT Game against subsidiaries of Light & Wonder over...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English