Macau

Macau has been given a positive rating by the Asia Pacific Group on Money Laundering (APG) for its efforts in anti-money laundering, according to a statement from the Financial Intelligence Office.

Macau saw its occupancy rate rise 3.1 percentage points to 88.5 percent year-on-year in the month of June, according to data from the Macau Hotel Association (MHA).

Asia’s gaming markets have seen a strong first half, with Macau, the Philippines and Cambodia leading the way, prompting some analysts to revise upwards their targets for the full year.

 

 

Asia’s gaming markets have seen a strong first half, with Macau, the Philippines and Cambodia leading the way, prompting some analysts to revise upwards their targets for the full year. But it hasn’t all been plain sailing; the fatal attack on Resorts World Manila lead to a suspension of its gambling operations in June, while South Korea continues to underperform after a diplomatic spat with China, which banned tour groups after Seoul agreed to deploy a U.S. missile shield.



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Amax International Holdings has acquired Explicitly Grand Investment Ltd, an AR/VR technology business for HK$63.5 million (US$8.1 million).

Macau’s authorities received a total of 179 requests for casino exclusions in the first half of 2017, according to data from the Gaming Inspection and Coordination Bureau (DICJ).

A total of 149 self-exclusions were made in the first half the year, while 30 third party exclusion requests were received by the authority.

The second quarter of 2017 also saw a total of 82 requests down slightly from 97 in 17Q1.

Macau’s casino and hotels are still the main sectors attracting young Macau residents in the labor market, says Lao Cho Chon, deputy executive-director of the Macau New Chinese Youth Association.

The Labor Affairs Bureau has promised to inspect all of the city’s construction sites after a fatal construction accident at the City of Dreams' new hotel Morpheus construction site.

Sands China on Tuesday announced the launch of its Strategic Leadership Programme for Integrated Resorts – with a kick-off ceremony at Sands Cotai Central.

The president of the Association of Gaming & Entertainment Promoters of Macau, Kwok Chi Chung, is calling for the Macau government to tighten requirements for junket promoters.

Three mainland men were cheated out of HK$200,000 (US$25,600) by a conman claiming to be a junket promoter, according to the Judiciary Police (PJ).

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