Macau

Visitors arriving to Macau via package tours saw an upwards leap in July, due in part to the summer holiday period.

Following the developments the typhoon on August 23 that brought unprecedented damage to Macau, the DICJ met with representatives of the six concessionaires to discuss ways to optimize and streamline services from gaming staff.

Macau’s community is set to receive another helping hand with the addition of relief funds from Melco Resorts and Wynn Resorts, according to two separate announcements released last week.

Macau gross gaming revenue in August fell in line with analyst estimates, reaching MOP 22.7 billion (US$2.8 billion).

Macau Legend Development saw its loss widen in the six months ended June 30, 2017, due mainly to an increase in operating and finance costs, and depreciation following the opening of Legend Palace Casino and Hotel.

Melco International Development reported nearly a four-fold rise in net revenue for the first half of 2017, attributed mainly to strong performance from its gaming business.

Sands China Ltd., along with the Adelson Family Foundation have pledged to donate a total of MOP 65 million (US$8.1 million) to assist with longer term relief, recovery and rebuilding efforts in Macau.

While the mass market continues drive GGR recovery, it was growth in VIP GGR which stood out most in the second quarter of 2017, says Union Gaming analysts in a Thursday note.

Galaxy Entertainment Group (GEG) posted an 81 percent rise in net profit for the first half of the year due to the rebound in VIP and mass revenue.

Success Universe recorded a loss for the six months ended June 30, 2017, following a decrease in the group’s earnings at Ponte 16, and a dip in revenue from its travel business.

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