Friday, March 29, 2024

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Guangdong experiences record high volume of visa applications to Macau and Hong Kong

The Guangdong government has issued an alert, warning that it has recently experienced a record high volume of visa applications to Macau and Hong Kong. They are appealing to the public to avoid submitting applications during peak times, as the working system is currently experiencing overloading.

Macau eyes Middle East and India to diversify its tourism, despite challenges due to cultural differences

Macau is seeking to meaningfully expand the percentage of its visitors from overseas, this time targeting the Middle East and Indian markets. However, a gaming scholar told AGB the move will be very challenging due to the cultural differences.

Macau March GGR positive, pre-pandemic levels “impossible” as visitor confidence lacking: scholar

A Macau gaming expert says that Macau's gross gaming revenues so far, particularly in March, are positive and that visitation is high, but that visitor confidence has yet to return to pre-pandemic levels, making a FY23 GGR return to 2019 levels "impossible".

Macau casinos follow authorities in dropping mask mandate

Numerous Macau casino operators are dropping requirements for clients and staff to wear masks inside their venues after the SAR government also relaxed mask requirements today.

Macau scholar raises 2023 Macau GGR estimate to $18.5 billion

A Macau gaming expert has revised up his forecast for Macau’s casino gross gaming revenue (GGR) in 2023, now predicting MOP150 billion ($18.5 billion) this year, nearly 50 percent of 2019 levels.

Your Daily Asia Gaming eBrief: Demand for travel visas to Macau in Guangdong reaches record numbers

The local travel Indian Summer continues with movements between Guangdong and the SARs booming, with the Chinese province reporting a record high number of visa applications to Macau and Hong Kong.

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’s gaming operators should avoid the same kind of non-gaming investments, warns gaming expert

A professor from the Centre for Gaming and Tourism Studies of the Macao Polytechnic University cautions that Macau’s gaming operators should avoid having the same kind of non-gaming investments in order to have a shot at economic diversification.

Satellite casinos to be disqualified from issuing gaming credit, say gaming experts

All satellite casinos will be disqualified from issuing gaming credit according to the new bill on casino concessionaire- and junket-issued credit for gambling. 

Macau faces competition as Osaka IR expects approval soon, says local gaming expert

If Japan proceeds with its IR plans, it will become a strong competitor to Macau and have an impact on the city’s gaming revenue largely due to its proximity to China, warns a local gaming expert.