• 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

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
IEC issues profit warning on widened losses through December 2021

Upgrade work at Manila’s New Coast hotel and casino has International Entertainment Corp expecting US$32.5 million loss in FY25

Mon 22 Sep 2025 at 05:48
Macau visitor arrivals up 15% month-on-month to 3.3 million in February

Visitor arrivals to Macau hit record monthly high of 4,219,034 in August

Sat 20 Sep 2025 at 00:30
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

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...

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

by Pierce Chan
Mon 22 Sep 2025 at 15:44

Secretary for Economy and Finance, Tai Kin Ip, said Monday that Macau’s casinos will be ordered to close should the warning signal for approaching super typhoon Ragasa be raised higher than the No. 8 signal. According to forecasts from the...

SBC Summit Lisbon organizers say 30,000 attendees booked 72,000 hotel room nights at 2025 event

SBC Summit Lisbon organizers say 30,000 attendees booked 72,000 hotel room nights at 2025 event

by Newsdesk
Mon 22 Sep 2025 at 06:25

This year’s SBC Summit attracted more than 30,000 attendees who booked a combined 72,000 room nights in Lisbon – making it the show’s biggest edition ever according to event organizers. The preliminary figures were unveiled at a press conference late...

IEC issues profit warning on widened losses through December 2021

Upgrade work at Manila’s New Coast hotel and casino has International Entertainment Corp expecting US$32.5 million loss in FY25

by Newsdesk
Mon 22 Sep 2025 at 05:48

Hong Kong-listed International Entertainment Corporation (IEC) said Friday it expects to report a widened loss of at least HK$260 million (US$32.5 million) for the financial year ended 30 June 2025, primarily due to increased costs since taking control of casino...

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