Sunday, May 19, 2024

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Macau’s foreigner-only gaming zones unlikely to be a major draw: experts

Experts are struggling to find quantifiable advantages to the new foreigner-only gaming zones in Macau casinos, noting that none of Macau’s six gaming concessionaires have so far applied for the tax break, reducing the 40 percent charge on their gross gaming revenue (GGR), which could be applicable to gambling by foreigners under the new concession system.

Macau CE applauds 12 foreigner-only gaming zones/private flight plans for foreign clientele

Macau's Chief Executive said late on Tuesday that all six gaming operators in the city have established foreigner-only gaming zones, with a total of 12 designated areas. The official also welcomed proposals by gaming operators to bring in overseas customers on private jets given the delay in resuming commercial flight capacity. 

Foreigner-only gaming zones at Venetian and Melco under evaluation by Macau’s gaming watchdog

Two of Macau's six gaming concessionaires have already set up foreigner-only casino areas, to take advantage of tax breaks for the areas being offered by Macau authorities. Both Sands China and Melco Resorts have submitted their plans for the zones to Macau's gaming watchdog, a top gaming scholar told AGB.

RFID tables benefits could be offset by privacy concerns: gaming expert

After Macau authorities announced their intention for all gaming concessionaires to adopt radio frequency identification (RFID) tables, commonly known as smart gaming tables, a gaming insider believes that the measure will have a "net neutral" impact on Macau’s gaming revenue.

Your Daily Asia Gaming eBrief: Hindrances to luring foreign players to Macau: experts

Experts are questioning the efficacy of Macau's foreigner-only gaming zones, as operators don't appear to be making any gains from the proposed tax breaks they entitle.

Macau’s gaming operators actively soliciting junkets as VIP revenue rebounds: sources

According to Nelson Kot, the president of the Macau Comprehensive Social Research Association, Macau's gaming operators have been discussing actively with licensed junkets, aiming to boost the VIP revenue rebound.

Your Daily Asia Gaming eBrief: Sands China: 31% of Macau rooms offline, EBITDA at $398m

Sands China has come roaring back to life in the first quarter, delivering EBITDA of $398 million, even as LVS' Chairman says its $3.8 billion Macau investment is "just a baseline". In Singapore, MBS' EBITDA was just shy of the Macau results, despite 'subdued' visitation from China.

Melco confirms 3 foreigner-only gaming areas in Macau

Melco Chairman and CEO Lawrence Ho has confirmed that the operator has opened three foreigner-only gaming zones within the group's Macau properties.

Your Daily Asia Gaming eBrief: Bloomberry returns to profit in 2022

The work week is ending on a high note! Strong performance at Solaire in the Philippines drove Bloomberry back into the black, with profit reaching $92.3 million.

Macau operators to set up foreigner-only gaming rooms in exchange for tax reduction

Macau’s gaming concessionaires will be allowed to create foreigner-only gaming rooms and chips and be eligible for a waiver on the five percent tax on the revenue generated by the foreigner-only gaming rooms.