Macau

While Macau’s infrastructure remains a limiting factor in driving visitation, mass gaming revenues and non-gaming spend, recent projects may see this problem slowly alleviated, says Bernstein.

Macau will likely see a rise in hotel occupancy and visitor arrivals over the coming Chinese New Year holiday, says Chan Chi Kit, president of the Macau Hoteliers and Innkeepers Association.

Macau’s six concessionaires may soon be required to place more locals into managerial positions, following the latest plans from Macau’s Labor Affairs Bureau.

Gaming Inspection and Coordination Bureau director, Paulo Martins Chan says he plans to authorize “slightly more than 120” licenses for VIP gaming promoters in 2017.

Gross gaming revenue in Macau continued to slow down over the last week (Jan 16 to 22), with ADR of MOP 528 million, said Bernstein in a note on Monday.

HK-listed Sands China Ltd. has declared an interim dividend of HK$0.99 per share, according to a filing from the operator on Friday.

Success Universe Group says it expects consolidated loss for the full year 2016 to increase as much as threefold, due to average performance of its Ponte 16 operations as well as a decrease in performance of the group’s lottery business.

MGM China’s new Macau casino launch date should be no later than October 1, say analysts.

Macau got off to a good start in January, with GGR in the initial weeks higher than expected, though few expect any return to the stellar growth rates of the past, with China still likely to be the driving factor for casino operators.

 

Macau got off to a good start in January, with GGR in the initial weeks higher than expected, though few expect any return to the stellar growth rates of the past, with China still likely to be the driving factor for casino operators. Beijing’s crackdown on corruption triggered a two-year slump in gaming revenue and going forward the performance of its economy, efforts to control capital outflows and its ongoing fight against graft will all play a role in determining the strength of the local gaming market.



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Macau’s total visitor arrivals hit a record 30.95 million in 2016, a 0.8 percent rise over a year earlier, says the Macau Government Tourism Office on Wednesday.

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