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Daily Asia Gaming eBrief: Macau/China policy dictating junket legislation: expert
Macau's shift to effectively eliminate junkets and control credit-issuing options is strongly in line with the policies that both the Macau and mainland Chinese government are after, notes an expert.
Macau 1Q mass GGR at 112% of 1Q19 levels
In Q1, Macau Gross Gaming Revenue (GGR) experienced a 6 percent quarter-on-quarter growth, reaching MOP57 billion ($7.06 billion), equivalent to 75 percent of pre-COVID-19 levels.
Macau operators acknowledge ‘intensifying competition’ but deem it ‘manageable’
The gaming operators Galaxy Entertainment and MGM China consider that the industry’s competition is 'intensifying' but remains ‘manageable.'
Daily Asia Gaming eBrief: Macau 1Q24 GGR sees VIP return in droves
The sport of whale watching is never abandoned in Macau, as evidenced by the results from the first quarter of the year, published by the region's gaming watchdog.
Macau 1Q VIP baccarat up 68% year-on-year: regulatorÂ
Macau's VIP baccarat gross gaming revenue (GGR) grew by 68 percent year-on-year in the first quarter, according to government data.
Macau confident in attracting over 30M visitors this year
Macau’s Chief Executive, Ho Iat Seng, expresses his confidence that Macau will attract more than 30 million visitors this year.
Macau top official reiterates Jockey Club land not for gaming
During a plenary session of the Legislative Assembly on Tuesday, Macau's top official, Chief Executive Ho Iat Seng, reiterated that the Macau Jockey Club (MJC) land would not be used for gaming purposes.
Macau premium mass resilient, Sands regains pole position: Citigroup
According to a recent memo from Citigroup, business trends in the Macau gaming sector appear to be resilient in April, especially leading up to the Labor Day break.
Macau Legend pushes back timing for Laos casino sale
Macau’s Fisherman Wharf operator, Macau Legend Development Ltd, has announced another extension of the timeline for finalizing arrangements related to the planned sale of a casino resort business in Laos. The new deadline is now set for May 3rd.
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.