Wednesday, July 24, 2024

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Macau GDP could rise by 19 percent in 1Q24: Economic Association

The Macau Economic Association (MEA) expects Macau’s GDP to grow by 19 percent in the first quarter of the year, reaching MOP92 billion ($11.4 billion). This figure represents Macau’s economy returning to about 82.8 percent of 2019 levels.

Macau GDP could double in 2H23: Economic Association

The Macau Economic Association (MEA) expects Macau’s GDP to grow 100 percent or above in the second half of 2023, while the agency estimates that Macau’s GDP will increase by 70 percent in the first half. 

Macau’s gaming operators have deficiencies in information disclosure: Study

A recent study conducted by the Asia Pacific Association for Gambling Studies reveals gaps in the information disclosure practices of Macau's major gaming operators over the past decade.

China’s economic slowdown creates turbulence for Macau’s non-gaming sector

Although some research shows that the willingness of Chinese tourists to spend in Macau remains high, recent market changes signal a potential decline in consumption.

China’s individual visa policy starts without direct flights to Macau

The inclusion of eight mainland cities into the Individual Visit Scheme (IVS) for visits to Hong Kong and Macau came into effect on Monday, May 27th, however a lack of flight links could hamper visitation.

Daily Asia Gaming eBrief: More hotel rooms to reign in price fluctuations in Macau

The days of extreme hotel price fluctuations in Macau are over, with the city’s hotel room inventory having experienced a double-digit increase since 2019, adding more than 7K rooms and 20 hotels in the past 4 years, allowing now a better control of price fluctuations.

No more crazy hotel rates during CNY in Macau due to increasing inventory

Extreme hotel price hikes during the Chinese New Year (CNY) holiday may no longer be a concern in Macau, given the increasing inventory and rational consumption trends.

Expert praises increasing budget for attracting foreign tourists to Macau

Although Macau's economic diversification plan for the next five years holds few surprises for the public, some of the announced measures have received positive feedback.

Your Daily Asia Gaming eBrief: More concerts to drive Macau’s non-gaming push

he show(s) must go on. So says gaming scholar Davis Fong, who notes that the attraction of big names to the stage has helped drive Macau's non-gaming push so far.

G2E Asia Macau ramping up for July 11th to 13th dual event with Asian IR Expo

G2E Asia is returning to Macau from July 11th to 13th, being held in conjunction with the new Asian IR Expo at the Venetian Macau.