Tuesday, May 14, 2024

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HK-Macau ferry ops still lagging, TurboJET partners with gaming concessionaires

In a move to return its business to pre-pandemic levels Macau ferry operator TurboJET has announced plans to cooperate with the SAR's six gaming concessionaires.

Mate Hanusi clinches WPT Korea 2024 Championship

Hungarian player Mate Hanusi emerged triumphant at the WPT Korea 2024 Championship Event.

Macau junkets facing extinction: industry insiders

Macau junkets are facing extinction as crackdowns by authorities leave the industry increasingly disillusioned and market survivors lose hope.

Insiders wary of potential criminalization of illicit money exchange in Macau

Macau gaming industry insiders are wary of the potential criminalization of illicit money exchange in Macau as Macau’s Secretary for Security suggested the possibility of criminalizing such activities around casinos.

Number of Macau junkets to grow as VIP gaming revenue improves: association head

After facing severe hardship, Macau's VIP segment is poised to attract new investors, potentially leading to a growth in the number of junket licensees.

Junket association admits Macau “unattractive” to lure agents compared to other markets

Junket association head Kwok Chi Chung told AGB that Macau junkets are facing difficulties in luring agents, as the restrictions in total profit make Macau’s industry unattractive compared to overseas markets.

Macau junkets: 75 percent still inactive under new operation model

Nearly 75 percent of junkets in Macau remain inactive under the new junket operation model that started on January 1st, 2023, says the Macau Responsible Gaming Assocation head, Billy Song.

Greater Bay Area tourists and multi-destination packages can boost Macau tourism: hotel association head

President of the Macau Hoteliers and Innkeepers Association, Cheung Kin Chung, calls for the industry to look more to the Greater Bay Area as it seeks more high-spending tourists. Cheung notes that multi-destination packages and leveraging regional hotel room inventory could help drive Macau's success.

Macau VIP rolling chip turnover rebounds to $600 million in January: junket association

Junket association head Kwok Chi Chung told AGB that a resurgence in Hong Kong visitors had helped to prop up the VIP sector, with estimates that some $600 million was recorded in VIP rolling chip volume in January, due in large part to Chinese New Year.

Record-breaking iGB Affiliate London attracts 31 first time exhibitors from 18 nations

Visitors attending February’s iGB Affiliate London (8th – 11th February, ExCeL London) will have access to 31 brands who will be making their debut appearance on the show floor, according to the latest data released by show organisers.