Macau

For 2017 the Macau market will continue to stabilize and grow, but the operators will have to work harder to get the players to come back. The future looks good with regards to the general mass player but the VIP’s will be careful in how, where and what they play.

Regulators and policymakers alike will come under increasing pressure to address issues such as the integrity of sports betting, whether social gaming should be regulated, what prescriptive standards and requirements should be set aside in favour of risk-based regulatory oversight, and how emerging technologies like virtual reality games should be evaluated for suitability to be offered as gambling propositions.

In 2017 I think we will continue to see the larger players in Macau flex their muscles internationally looking for ROIC no longer available in Macau.

Looking forward to 2017, the picture is less than clear. With the recent detention and arrests of Crown’s staff in China, all but one of the operators in Macau have ceased their direct marketing efforts across the border.

Macau’s Legislative Assembly (AL) has passed a bill that would require visitors to disclose cash holdings of more than MOP 120,000 (US$15,000) at entry.

Macau’s VIP gaming sector may have recorded its first year-on-year quarterly growth in 16Q4, according to analysts at JP Morgan Securities.

Tourist arrivals to Macau during the first two days of January fell 6.1 percent year-on-year, according to data released by Macau’s Public Security Police.

Macau’s casino operators tumbled 3 percent on Tuesday after the Chinese currency regulator announced extra requirements for citizens to buy foreign exchange.

SJM Holdings has announced it will give its employees a “living allowance” this year, which includes a “new year bonus” and a “summer allowance”.

Macau’s six major gaming operators saw non-gaming revenue account for 9.4 percent of total revenue in 2015, achieving the 9 percent non-gaming goal set out by the Macau government last year.

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