Macau

Wynn and Galaxy are expected to outperform over MGM, Melco and SJM during the 17Q2 results season.

There has been conflicting views of whether the new verification requirements placed at ATMs for holders of Chinese-issued Unionpay cards will have an impact on the gaming industry.

Macau saw a 62 percent spike in MICE visitation in the first quarter, helped by government subsidies, though the territory still faces considerable hurdles to reach its full potential as an events and exhibitions destination.

 

 

Macau saw a 62 percent spike in MICE visitation in the first quarter, helped by government subsidies, though the territory still faces considerable hurdles to reach its full potential as an events and exhibitions destination. Macau has lost out to regional rivals due to a lack of hotel capacity, limited venues, poor transport links and a branding problem and although problems are gradually being addressed progress is slow.



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Macau Legend Development Ltd has received a letter of intent from an “independent third party” for the sale of its Landmark Macau casino hotel.

Hong Kong-listed Jimei International Entertainment Group Ltd. is changing its name to “Starlight Culture Entertainment Group Ltd,” according to a company filing.

Delays to the opening of Macau’s newest high-end resort, The 13, spells bad news for the operator, said Union Gaming in a note on Tuesday.

Melco International Development has announced the retirement of its executive director, Frank Tsui Che Yin with effect on July 1, 2017.

The Monetary Authority of Macau (AMCM) is suspending cash withdrawals for all ATMs without “Know-Your-Customer (KYC)” technology starting July 4.

Gross gaming revenue in Macau for the month of June reached MOP 20 billion (US$2.5 billion), representing a year-on-year growth of 25.9 percent, according to the latest official figures.

The number of tourists travelling to Macau on package tours rose 20.7 percent year-on-year in May, reaching 681,000, according to data from the Statistics and Census Service (DSEC).

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