Macau

 The Macau government needs to change its policies to nurture the local gambling equipment manufacturers, as it is losing a golden opportunity to develop the industry and create quality jobs for residents, the head of the industry association said.

Macau casino operator MGM China posted a 21 percent year-on-year decrease in adjusted EBITDA in 17Q3, slightly below market expectations.

 Asia Pioneer Entertainment, which this month joins just a handful of homegrown Macau gaming names to list on the Hong Kong Stock Exchange, says it sees strong scope for future growth, both in the world’s biggest gambling hub and around Southeast Asia.

Weike Gaming is unveiling two standalone games “Dolphin Royale” and “Pirates Gold” which will be available in its new cabinet “Emperor” at the Macao Gaming Show.

Gaming Partners International will be showcasing its full suite of table game products including its newest currency features, line of playing cards and RFID solutions.

Macau Social Services Centre Chief Supervisor Hetzer Siu Yu Hong has called for gaming operators to better protect their employees from addictive gambling.

Macau’s government has been pushing hard to turn the gambling hub into a more family-oriented leisure destination, though in 2017 it was the VIP sector that staged a stellar recovery to lead gross gambling revenue growth throughout the year.

Macau gross gaming revenue could reach as high as US$53 billion in 2022, driven by infrastructure, visitation and rising spending growth.

Macau Secretary for Economy and Finance, Lionel Leong says he expects 2017 gaming revenue to be higher than previously forecasted.

Melco Resorts and Entertainment has announced the resignation of its finance director, Tam Chi Wai, effective December 31.

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