In order to truly achieve success, an expert says that Macau's operators need to focus more on their community output, with areas such as CSR and ESG key for them to be able to attract new international visitors to Macau.
Macau’s six concessionaires to enhance CSR efforts, as the industry eyes on international market: expert
Macau’s six concessionaires need to ramp up their CSR efforts, as the gaming industry focuses on attracting more international visitors. An expert notes that since Macau integrated resorts’ dimension is growing, their CSR and ESG criteria are also increasing.
Felix Ng -
Macau will need to work harder to shake off its gaming-centric image in China, but the road will be long and capital-intensive, and may not be top of mind as the industry struggles through its third year of the pandemic.
With the concession expiry deadline looming the Macau government is pushing ahead with its plans for a public re-tender for the coveted licenses. Glenn McCartney MBE, writes that the attention will soon be focused on the request for proposal process and ensuring the pitches are in line with the government’s clearly stated objectives.
Macau's amended gaming law has passed its first reading in the Legislative Assembly, although representatives expressed concern about the future of satellite casinos and their employees.
Stocks rallied after the government published the amendments to its gaming law on Friday with mostly benign measures. The concessionaires showed their support of the changes.
Galaxy Entertainment has invested RMB100 million ($15.6 million) in what it says is Asia's first biodiversity themed green bonds, which were issued by the Bank of China's Macau branch.
The Macau gaming industry is responsible for 62 percent of the territory's carbon emissions, according to a university study indication emissions have been rising sharply.
While 2022 was a tough year, 2023 gave us something to celebrate. The Asia Gaming Awards did just that - putting the highlight on major contributions the industry has been making, and gathering together everyone to commemorate just how much has been achieved.
PAGCOR follows up on POGO's illegal activity, rescues 40 kidnapped foreign nationals in an inter-agency raid, and revokes a service provider's license. Kidnappings are giving the industry “a bad name."