Wednesday, July 24, 2024

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Gaming scholar predicts Macau GGR to reach up to 70 percent of pre-pandemic levels in 2023

Zeng Zhonglu, a gaming scholar has estimated that Macau’s gross gaming revenues could reach up to 70 percent of pre-pandemic levels in 2023, at MOP175.47 billion ($21.84 billion) as the territory aims to rebound from nearly three years of lackluster gaming results under COVID restrictions.

Macau needs to legalize online gambling, says professor

Zeng Zhonglu, a professor at Macao Polytechnic Institute (IPM) Centre for Gaming and Tourism Studies, said that Macau should consider legalizing ‘online’ gambling or risk getting left behind as other jurisdictions are moving fast to develop this area.

Macau’s gaming operators have deficiencies in information disclosure: Study

A recent study conducted by the Asia Pacific Association for Gambling Studies reveals gaps in the information disclosure practices of Macau's major gaming operators over the past decade.

Macau operators’ free offerings seen as “rat race” and misaligned with premium mass strategy: experts

The practice of Macau gaming operators offering complimentary drinks and food has sparked a viral trend on Chinese social media, resulting in significant publicity success. However, according to experts consulted by AGB, these free offerings do not align with a strategy focused on premium mass clientele.

Illicit money exchange in Macau becoming “corporatized and professional”, warns security chief

Illicit money exchange in Macau's casino areas is increasingly becoming "corporatized and professional" in its operations, according to the SAR's security chief.

New multi-entry visa would boost Macau hotel rivalry: insiders

The Chinese government may launch a visa multi-entry visa between Macau and Hengqin for Chinese tour groups as soon as next month, a source familiar with the matter told AGB.

Non-gaming investment requirements for gaming operators already reshaping Macau: pundits 

The non-gaming investment requirements for Macau gaming concessionaires are already reshaping the Special Administrative Region, according to industry experts interviewed by AGB.

Your Daily Asia Gaming eBrief: Demand for travel visas to Macau in Guangdong reaches record numbers

The local travel Indian Summer continues with movements between Guangdong and the SARs booming, with the Chinese province reporting a record high number of visa applications to Macau and Hong Kong.

Guangdong experiences record high volume of visa applications to Macau and Hong Kong

The Guangdong government has issued an alert, warning that it has recently experienced a record high volume of visa applications to Macau and Hong Kong. They are appealing to the public to avoid submitting applications during peak times, as the working system is currently experiencing overloading.

Macau eyes Middle East and India to diversify its tourism, despite challenges due to cultural differences

Macau is seeking to meaningfully expand the percentage of its visitors from overseas, this time targeting the Middle East and Indian markets. However, a gaming scholar told AGB the move will be very challenging due to the cultural differences.