Thursday, March 28, 2024

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Desmond Lam: Hopes high for Year of the Ox

It is interesting how fortune changes and predictions fail in the Year of the Rat. The year started with caution as COVID-19 outbreak began to wreak havoc in China.

Shaking off Macau’s gaming image needs more time and money

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.

Singapore approves gambling bills, says online now accounts for 80% of wagers at Singapore Pools

The percentage of online turnover for sports betting at Singapore Pools has risen from 30 percent to 80 percent in just five years.

Number of MICE events in Macau fell 70% in 2020

The number of conventions and exhibitions held in Macau fell more than 70 percent compared to 2019, with the sector’s revenue falling around 53.7 percent from the prior year, according to the Statistics and Census Services Bureau. 

Operators eye China projects as governments push integration

As Macau and China step up cooperation in the Greater Bay Area, the territory’s operators are paying heed and turning their attention to opportunities on the Chinese Mainland.

Hengqin back in focus as Macau deepens GBA ties

As the Macau government steps up cooperation with neighbouring Guangdong province, attention has begun to pivot back to the island of Hengqin and its potential to drive tourism and visitation to the territory. 

Covid brings wellness travel into focus

The consensus view is there is still pent up demand for travel amongst Mainland Chinese and disposable income to do so, however, there are subtle changes in travel preferences that Asia’s operators would do well to take note of.

Your Daily Asia Gaming eBrief: Tighter entry restrictions for Macau

Although we have entered the winter holiday season, we're back to give you an update over the last five days, and will be back to check in several times throughout this holiday break.

Putting 2020 in the rear-view mirror

This is the last Thank Goodness it’s Friday for 2020 and a suitable time for reflection and a look ahead at what we might expect for 2021. While it’s likely a year that most would like to forget, there have been positives. One is the speed and agility with which the industry has moved to adapt to change.

Focusing on diversification

While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.