Macau

The number of visitors coming through the Macau International Airport is expected to increase 8 percent over the summer holidays.

The Macau SAR government has extended the concession granted to Macau Horse Racing Company Ltd for a period of six months.

MGM Cotai, which is set to open in the fourth quarter of 2017, will include a first-of-its-kind dynamic theatre, called MGM Theatre, according to a company press release on Tuesday.

Ten people were arrested last week in Macau over their involvement in an illegal proxy betting ring.

VIP and mass volume saw an increase in the first week of August, with weekly GGR (August 1-6) reaching MOP4.5 billion, according to a note from Bernstein on Monday.

A company linked with US President Donald Trump has reportedly received approvals for the development of the Trump brand in Macau.

Success Universe has warned investors it is expecting to record a “significant increase” in consolidated loss for the six month period ending June 30, 2017.

Construction work for the Grand Lisboa Palace resumed on Wednesday, ending a nearly two month suspension at the site.

In just three years, the first of the licenses awarded to Macau’s concessionaires expire and, despite the billions of dollars invested by the operators in the market, there is still no clarity over the renewal process.

 

In just three years, the first of the licenses awarded to Macau’s concessionaires expire and, despite the billions of dollars invested by the operators in the market, there is still no clarity over the renewal process. There is no mechanism under the current law for automatic renewal which, as the deadline approaches, is leading to increasing concern in the market as to the tack the government may take. Views on the ground are mixed.



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Macau casino operator SJM Holdings posted profit of HK$955 million for the six months ended June 30, 2017 - falling 12.9 percent compared to the prior-year period.

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