Macau

SJM Holdings executive director Angela Leong doesn’t believe the opening of casinos in Japan will have a strong effect on Macau.

Melco Crown’s latest leadership appointments represent a “significant change” in its operational organizational structure, said Bernstein in a note on Monday.

Macau has posted a particularly strong start to the new year, reporting a ADR of MOP 715 million, a 31 percent increase over December’s ADR, said Bernstein in a note on Monday.

Melco Crown Entertainment Ltd. has announced a number of new appointments to its leadership team, including chief marketing and brand officer Mr Frederic Winckler, said the operator in a recent press release.

Macau’s Judiciary Police (PJ) have arrested 23 suspects for their alleged involvement in the use of illegally-modified UnionPay card payment terminals which allows clients to withdraw cash.

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.

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