Friday, May 17, 2024

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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.

Northbound spending fever in HK has “few” impacts on Macau GGR: experts

Hong Kong may continue to serve as one of Macau’s leading source markets, despite undergoing continuous reshaping of its consumer market, with minimal impacts on GGR.

Expert praises increasing budget for attracting foreign tourists to Macau

Although Macau's economic diversification plan for the next five years holds few surprises for the public, some of the announced measures have received positive feedback.

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.

Successor of Ambrose So may need to complement SJM’s non-gaming weaknesses: expert

The president of the Macau Comprehensive Social Research Association says that the successor of Dr. Ambrose So might need to complement SJM's non-gaming weaknesses. In this way, the board of the SJM could even look to hire foreign executives to take So's place.Â