Las Vegas facing potential issuesįitch predicts the slowing of “pent-up demand” to become a problem in Las Vegas, facing a potential decline in 2024 despite breaking numerous revenue records this year.

Casino was the catalyst for this growth, with revenue jumping 346.2% to $812.1m. Melco Resorts & Entertainment, one of the leading casino operators in Macau, reported a major upturn in revenue thanks to restrictions being relaxed in the region. The year-on-year growth comes as a result of the removal of restrictions related to Covid-19. Gambling revenue in Macau reached MOP$16.04bn (£1.56bn/€1.83bn/US$2.00bn) in November, the fourth highest monthly total so far in 2023. This is despite the issues with the Chinese economy. Fitch outlook: Macau an area of growthįitch expects Macau to be a big story in 2024 as “visitation continues to grow”. The “increasing profitability” in the US online sports betting market will also likely become favourable for those with access to it. Aggregated, it is expected that that EMEA companies focused on the UK will likely have lingering regulation worries eased next year. Over in Europe, The UK Gambling Act review is expected to be “implemented over the medium-term”. Limited regulation in the Middle East and Africa (part of EMEA) is proving beneficial, alongside the rise in US online profitability. Singapore, meanwhile, continues to “perform above expectations”. However, Fitch’s 6 December report details how regional gaming is showing some indication of stagnation.Įlsewhere, Asia Pacific is flourishing under improved demand thanks to the mass market returning after the Covid-19 pandemic. In general, the US is still performing well after a “robust” 2022. Fitch cited “slight pullback” from the “pent-up demand” in the United States as one of the reasons for its classification. It is the second straight year Fitch has selected a “neutral” view for its gaming outlook. Fitch Ratings forecasts global gaming outlook for 2024 as “neutral”, citing pullback in certain US markets and potential stagnation in Europe.Ī new report from Fitch Ratings forecasts the global gaming outlook for 2024 as “neutral”.

Uk sports betting revenue 2024