Macau

The newest casino hotel in Fisherman’s Wharf has been granted 15 new mass market gaming tables from the Macau government.

Melco International Development Ltd. has acquired an additional US$1.1 billion worth of shares in Melco Crown Entertainment (MCE), bringing its ownership to 51.3 percent.

The Macau government has reportedly proposed amendments to the smoking bill which would allow the establishment of smoking lounges in the city’s casinos.

Macau’s economy will continue to remain at risk to Mainland policy changes, read a report from the IMF.

More than 50 percent of gaming employees in Macau are in favor of smoking lounges, according to a survey commissioned by the city’s gaming concessionaires.

Macau’s gaming industry performed better than expected in the week ended Feb. 12, with ADR of MOP 814 million (US$101.9 million).

Casino operator Melco Crown Entertainment (MPEL) will likely post strong results for 16Q4 as a result of Studio City ramp up and a rebound of City of Dreams, said a note from Morgan Stanley on Sunday.

Macau health groups are calling for new anti-smoking laws which would see venues penalized for allowing people to smoke indoors.

The Macau government says it is “exploring further cooperation opportunities” in regards to tourism with Hong Kong, according to a report from the government news bureau.

The bridge connecting Hong Kong, Zhuhai and Macau is expected to complete by the end of 2017, said Hong Kong’s Secretary for Transport and Housing.

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