Monday, May 13, 2024

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“Forwarding mechanism” to maximize concessionaires’ business acumen, says gaming scholar

A new "forwarding mechanism" aimed at channeling cultural and sports projects to integrated resorts in Macau would maximize the gaming operators' business acumen, notes an academic. Meanwhile, the mechanism could also elevate non-gaming projects' return on investment (ROI) and efficacy, according to gaming scholar Carlos Siu.

Conservative consumption trends cause sharp drop in Macau’s visitor spending

Despite a 292 percent surge in the total amount of visitor spending in Macau last year compared to 2022, per-capita spending of visitors on shopping fell sharply by 42.3 percent from the previous year, showing the downturn in China's economy, say experts.

Most Macau gaming employees want more professional improvement initiatives – Survey

About 97 percent of Macau's casino employees are willing to carry out professional qualifications and licensing to improve their professional skills, and gaming companies and authorities should work together to enhance internal training programs, a recent survey carried out by the Macao Association of Young Employees in the Gaming Industry indicates.

Macau 1Q23 ramp-up hindered by hiring constraints, non-resident worker influx only in April: experts

The labor shortage in Macau is the result of multiple factors, ranging from limited quotas for the hiring of non-resident workers, a shift in employee willingness and efforts to maintain quality control, says a local gaming scholar.

Raffles Hotel at Galaxy Macau to open in April: sources

Galaxy Entertainment Group (GEG) is planning to announce open its new signature hotel project Raffles in April, according to sources. The hotel features approximately 450 suites and had been planned to open in the second half of 2021.

Macau observers suggest gaming tax rate could increase: MB

A panel of gaming analysts, academics and lawyers on Thursday said there could be an increase in gaming taxes in Macau, which would be used to offset the shortfall in VIP revenue, Macau Business reports.Â