Macau

MGM’s annual summer program, “A Day with MGM,” was held at MGM Macau’s Vista on Wednesday, according to a press release from the operator.

Sands China has joined the group’s volunteer effort to build 100,000 hygiene kids for Clean the World to help improve the health and wellbeing of people in need.

Wynn Resorts has been upgraded to buy from hold by analysts at Deutsche Bank due to a ramp up in the mass sector at Wynn Palace after floor reconfigurations and ongoing strength in the VIP market.

Studio City International Holdings, the holding company for Macau’s Hollywood-themed Studio city, has reportedly filed with the U.S. Securities and Exchange Commission for an initial public offering.

MGM Resorts says it plans to attract more recreational gamblers than VIPs in its new Cotai property, which opens in the fourth quarter of this year.

Macau recorded gross gaming revenue of MOP9.6 billion between August 1 to 13, recording a slight month-on-month decline in ADR (MOP738 million) compared to July.

The Judiciary Police have arrested eight people in connection to a loan sharking ring in Macau.

As operators around Asia vye for licenses in new markets, one corporate social responsibility expert suggests they should change their approach.

 

As operators around Asia vye for licenses in new markets, one corporate social responsibility expert suggests they should change their approach. Jan Jones Blackhurst, executive vice president, public policy and corporate social responsibility, at Caesars Entertainment says not enough is being done to explain what an IR is and the benefits it can bring to society. Not only can a good CSR program help to alleviate perceptions about gambling harm, it can also be a revenue driver. 



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In just three years, the first of the licenses awarded to Macau’s concessionaires expire and, despite the billions of dollars invested by the operators in the market, there is still no clarity over the renewal process.

The number of visitors coming through the Macau International Airport is expected to increase 8 percent over the summer holidays.

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