Macau

Macau gross gaming revenue jumped above analyst expectations in July, reaching MOP22.96 billion (US$2.86 billion) in the month.

Venetian Macao Limited (VML) is terminating its gaming promotion agreement with one of Neptune Group’s major junket partner, Hou Wan Entertainment Company Ltd.

Galaxy Entertainment Group has deployed Tangam System’s Table Games Yield Management (TYM) system to increase table games profitability and enhance the guest experience.

Macau recorded an 18.1 percent increase in package tourists for the month of June, amounting to 669,600 tourists in the month, according to data from the Statistics and Census Service (DSEC).

The 13 Holdings Ltd. missed its July 31 deadline to open its hotel in Macau, a condition of its HK$3 billion (US$384 million) loan from Bank of Communications Co.

Sands China Ltd. has won the prestigious Best of Show – Brand award at The Marketing Events Awards 2017 North Asia for the opening of The Parisian Macao on September 13 last year.

The Macau Government Tourism Office (MGTO) is still waiting for the request from The 13 Holdings to inspect the property to start the licensing process.

MGM China posted a one percent decline in 17Q2 revenue as mass floor table games income fell two percent, while VIP gained just one percent.

Melco Resorts & Entertainment Limited (MLCO) reported net income of US$36.5 million in the second quarter of 2017, driven by improved group-wide rolling chip revenues.

Macau Government Tourism Office (MGTO) director Maria Helena de Senna Fernandes is looking at tourist markets including the United States and Europe.

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