The most significant risk for Macau’s six operators when it comes to concession renewals is likely to be higher taxes, or other “economic rent,” Bernstein Research said in a note.
The Greater China region -- Hong Kong, Macau and Taiwan -- got the lion’s share of all outbound tourists from the mainland in 2018, according to the China Outbound Tourism Research Institute.
Many of Macau’s casinos are in a race against time to ensure their newly-equipped VIP smoking lounges have been approved by the authorities.
LT Game, which dominates the live multi-game sector in Macau, is focusing its attention on a new range of slot machine products and expects to sell 500 units worldwide next year, says Jay Chun, chairman of parent company Paradise Entertainment.
Macau’s Health authorities have already approved around 252 smoking lounges across 17 casinos, according to a Health Bureau official. Last month, authorities from the department...