Macau

Increasing overnight visitation and average visitor spend will drive growth in Macau’s mass market, said Bernstein. According to a note from the brokerage on Friday, Macau saw a significant change in its visitation breakdown in 2016, with overnight visitors increasing 10 percent year-on-year while day trippers saw a 7 percent decline.

The Macau government has renewed the license of Chinese lottery company Sociedade de Lotarias Wing Hing Limitada to Dec. 31, 2017.

Casinos across Asia must find a way to balance innovative new payment solutions with a labyrinth of multi-jurisdictional AML, compliance and responsible gaming requirements, according to a number of industry insiders.

 

 

Casinos across Asia must find a way to balance innovative new payment solutions with a labyrinth of multi-jurisdictional AML, compliance and responsible gaming requirements, according to a number of industry insiders. One supplier told AGB on condition of anonymity that innovation in the payments space "remains a thorny issue", adding that while operators don’t want to lose customers, the need to adhere to strict AML requirements tends to take precedence.



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Chinese Premier Li Keqiang praised Macau’s efforts to diversify its economy during a three-day visit last year, but market experts say operators are still trying to get the recipe right when it comes to non-gaming attractions and face an uphill struggle.

 

Chinese Premier Li Keqiang praised Macau’s efforts to diversify its economy during a three-day visit last year, but market experts say operators are still trying to get the recipe right when it comes to non-gaming attractions and face an uphill struggle. Revenue from non-gaming has improved, however, Macau is still far from being a destination that will attract visitors for its tourism offering off the casino floor.

 



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Macau junket investor Iao Kun Group Holding Company says it will no longer look to expand its VIP gaming portfolio, instead focusing on investments outside the gaming sector.

Macau’s Judiciary Police (PJ) has appointed Luis Leong as the new director of its gaming-related crimes division (GCD).

This year’s Chinese New Year holiday period saw a 9.9 percent increase in visitors compared to the year before, according to the Macau Government Tourism Office (MGTO).

Morgan Stanley has revised its 2017 EBITDA expectations for Wynn Palace to US$432 million following strong 16Q4 performance.

Macau recorded a strong start to February, raking in MOP 6.3 billion in the first week of the month (Feb 1-5), noted Bernstein on Monday. The week saw ADR of MOP 1.3 billion, up 103 percent compared with January and +49 percent over the similar period in February 2016, which was above expectations.

ICE will host the largest delegation of senior gaming officials from Macau and the People’s Republic of China.

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