Macau

The 2017 MGS Entertainment Show and Summit got off to a strong start yesterday, with industry professionals visiting the exhibition at The Venetian Macao.

Asia Pioneer Entertainment raised HK$70 million (US$8.9 million) in an initial public offering on Wednesday.

The number of casino exclusions in Macau reached 283 in the first three quarters of 2017.

The 2017 MGS Entertainment Show and Summit kicked off on Tuesday morning with its opening ceremony at The Venetian Macao.

Mitigating risks and the enhancement of casino security was the focus of the keynote speech delivered by Paulo Martins Chan at the Macao Gaming Show on Tuesday.

While Macau’s rich cultural history will be key to turning the city into “must-see” tourist destination, there is also an opportunity to improve hospitality offerings and expand new industries, such as esports, according to experts at the MGS Summit.

Macau gaming equipment supplier Paradise Entertainment saw a year-on-year decline in adjusted EBITDA for the third quarter of 2017, down 46.3 percent to HK$46.1 million (US$5.9 million), according to a filing from the company.

Macau GGR was much stronger than expected in the second week of November, with month-to-date figures reaching MOP9.4 billion with an ADR of MOP 779 million, say analysts from Bernstein.

Macau Legend Development has entered into a disposal agreement for its entire equity interest in New Macau Landmark Management Ltd, the owner of The Landmark Macau casino and hotel.

G2E Asia will be returning to Macau, the heart of Asian gaming, at The Venetian Macao from May 15 -17, 2018.

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