Macau

Sun Century Group Ltd, a company chaired by Alvin Chau has announced it is changing its name to Suncity Group Holdings Ltd.

Stock prices of Macau’s six gaming operators took a hit following reports from Chinese-language media on Wednesday implying that all of Macau’s gaming concessionaires would have to rebid for their licenses through a public tender.

Macau’s new Pac On Ferry Terminal held its inauguration on Thursday, and is set to begin operations at the start of June.

Although the VIP sector is showing signs of rebound, Gaming Inspection and Coordination Bureau director Paulo Martins Chan says his department will endeavor to maintain the same number of junkets regardless.

While the Macau market still has plenty more to give, operators are starting to look elsewhere for future growth potential. Macau’s six casino operators have done well out of the market, but the prolonged slump in VIP play and an increase in alternative options for mass and premium mass players in neighboring countries is forcing many to rethink their growth strategies.

 

While the Macau market still has plenty more to give, operators are starting to look elsewhere for future growth potential

 



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Macau-based law firm MdME has announced the launching of its international gaming practice within the Lex Mundi network.

Sands China’s new French-themed Parisian resort has won an award for shopping center of the year at an event held in Dubai.

Macau’s casino operators say they would like to be able to offer sports betting to their clients, given the huge level of turnover in Asia, with Sands China saying it may seek cooperation with the current holder of a monopoly license to bet on sports.

Sands China President Wilfred Wong says he expects the opening of the bridge linking Hong Kong, Macau and Zhuhai to trigger a significant interest in MICE business.

AGB today announced the winners of Asia Gaming Awards 2017, recognizing achievements from Asia’s leading land-based operators, suppliers and entrepreneurs.

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