Macau

Macau’s VIP gaming sector may have recorded its first year-on-year quarterly growth in 16Q4, according to analysts at JP Morgan Securities.

Tourist arrivals to Macau during the first two days of January fell 6.1 percent year-on-year, according to data released by Macau’s Public Security Police.

Macau’s casino operators tumbled 3 percent on Tuesday after the Chinese currency regulator announced extra requirements for citizens to buy foreign exchange.

SJM Holdings has announced it will give its employees a “living allowance” this year, which includes a “new year bonus” and a “summer allowance”.

Macau’s six major gaming operators saw non-gaming revenue account for 9.4 percent of total revenue in 2015, achieving the 9 percent non-gaming goal set out by the Macau government last year.

Macau’s junket-proposed debtor database system could be established as early as this month, according to Kwok Chi Chung in an interview.

Macau’s gaming sector raked in a total of MOP 19.8 billion (US$2.5 billion) in December, a 8 percent year-on-year increase, according to data from the Gaming Inspection and Coordination Bureau.

Macau raked in a total of MOP 72.8 billion (US$9.1 billion) in gaming taxes in the period from January to November 2016, according to data from the Financial Services Bureau.

Gambling revenue in Macau is poised to rise 7 percent in 2017 led by mass market players, according to analysts surveyed by Bloomberg.

Neptune Group Ltd. has posted an audited net loss of HK$466.7 million (US$60.1 million) for the fiscal year ended June 30, according to the company’s filing to the Hong Kong Stock Exchange.

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