Friday, March 29, 2024

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Daily Asia Gaming eBrief: Concerts driving Macau non-gaming spend

Concerts are likely to be the main driver of non-gaming spend within Macau, notes a scholar, as operators aim to get the maximum bang for the buck when hosting large-scale events in the SAR.

SJM launches new non-gaming amenities to ramp up Grand Lisboa Palace

Macau gaming operator SJM Resorts unveils new non-gaming amenities, hoping to ramp up its flagship property, Grand Lisboa Palace.

Macau gaming operators present non-gaming investment for 2024 to the Government

Six gaming operators in Macau were invited to present their non-gaming investments for 2024 to government officials during a Council for Tourism Development meeting.

MGM China launches “Macau Cruise”, a sightseeing cruise enriching its non-gaming offerings

To follow its commitment to non-gaming betting, Macau gaming operator MGM China officially launched its new amenity - a sightseeing cruise on Tuesday.

Estimated operators non-gaming investment in 2024 to account for about 20 percent of EBITDA: Morgan Stanley

Analysts from Morgan Stanley estimate the average yearly spend for non-gaming diversification by the Macau SAR concessionaires over their 10-year concession term will be around 20 percent of EBITDA volume estimated for 2024.

Your Daily Asia Gaming eBrief: Macau operators pushed to fulfill non-gaming requirements

Macau authorities have effectively said to operators, by launching a new statistical evaluation mechanism for their non-gaming efforts. A scholar notes that the move could be beneficial in the long term, but doubts remain as to whether diversification demands can meet expectations.

New statistical category created to push Macau gaming operators to fulfill non-gaming commitments: scholar

The government's objective of creating a new statistical category is to track and push gaming operators to fulfill non-gaming commitments, notes a scholar from the Macao Polytechnic University.

Flight links still delay Macau’s recovery, operators setting up new Asian non-gaming promotion bureaus

The number of commercial flights to Macau in June went up by some 525 percent yearly, topping 3,281, while those in the first half-year rose by 184.6 percent yearly, to 15,617, however official data show that foreign visitors to the SAR are still at just 30 percent of 2019 levels.

Your Daily Asia Gaming eBrief: Macau operators non-gaming plans fail expectations

Macau's diversification plans have suffered yet another delay, as a source says that the plans submitted by the gaming hub's concessionaires have failed to meet their expectations.

Your Daily Asia Gaming eBrief: More concerts to drive Macau’s non-gaming push

he show(s) must go on. So says gaming scholar Davis Fong, who notes that the attraction of big names to the stage has helped drive Macau's non-gaming push so far.