Macau

The Statistics and Census Service (DSEC) reported a small rise in visitor arrivals to Macau in the month of June, up 0.9 percent year-on-year, but down 7.5 percent month-on-month.

Macau saw a strong week-on-week increase in ADR for the week ended July 23, due to higher VIP hold and volume, and strong visitation.

Secretary for Economy and Finance Lionel Leong Vai Tac has vowed not to become complacent after being given a positive rating by the Asia Pacific Group on Money Laundering (APG) for its efforts in anti-money laundering.

Macau’s Judiciary Police raided a fake VIP gaming room in Nape on Wednesday, arresting 19 gang members.

Macau has been given a positive rating by the Asia Pacific Group on Money Laundering (APG) for its efforts in anti-money laundering, according to a statement from the Financial Intelligence Office.

Macau saw its occupancy rate rise 3.1 percentage points to 88.5 percent year-on-year in the month of June, according to data from the Macau Hotel Association (MHA).

Asia’s gaming markets have seen a strong first half, with Macau, the Philippines and Cambodia leading the way, prompting some analysts to revise upwards their targets for the full year.

 

 

Asia’s gaming markets have seen a strong first half, with Macau, the Philippines and Cambodia leading the way, prompting some analysts to revise upwards their targets for the full year. But it hasn’t all been plain sailing; the fatal attack on Resorts World Manila lead to a suspension of its gambling operations in June, while South Korea continues to underperform after a diplomatic spat with China, which banned tour groups after Seoul agreed to deploy a U.S. missile shield.



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Amax International Holdings has acquired Explicitly Grand Investment Ltd, an AR/VR technology business for HK$63.5 million (US$8.1 million).

Macau’s authorities received a total of 179 requests for casino exclusions in the first half of 2017, according to data from the Gaming Inspection and Coordination Bureau (DICJ).

A total of 149 self-exclusions were made in the first half the year, while 30 third party exclusion requests were received by the authority.

The second quarter of 2017 also saw a total of 82 requests down slightly from 97 in 17Q1.

Macau’s casino and hotels are still the main sectors attracting young Macau residents in the labor market, says Lao Cho Chon, deputy executive-director of the Macau New Chinese Youth Association.

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