Monday, December 17, 2018

Macau

Operators may see higher taxes after concession renewal: Bernstein

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.

Greater China gets lion’s share of mainland tourists in 2018

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.

Melco restaurants get 10 Michelin stars

Melco Resorts & Entertainment was awarded 10 Michelin stars in the 2019 food guide for its Macau restaurants, which it says it a record number for any IR globally.

Fitch cuts growth outlook for Asia

The prospects for economic growth in Asia have dimmed in recent months, says ratings agency Fitch, which has cut its forecasts for almost every country in the region.

Macau casino customer service levels slip

The overall service levels in Macau’s casinos has slipped from the same period last year, though there has been an improvement in the proactiveness and tolerance levels of staff, an anonymous survey found.

Sands China to be key driver for LVS: Bernstein

Sands China is likely to be the key driver for Las Vegas Sands for the next few years as it benefits from the increasing size of the mass market, according to an in depth analysis of the group by Bernstein Research.

ETGs and new technology focus for Asia suppliers

Technology and electronic table games were the two subjects most frequently cited as important trends for 2019 among the gaming industry’s largest suppliers at...

Smoking rules to trim 2019 GGR, but China a bigger concern

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 Games targets 500 slot sales for 2019: Chun

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.

Bureau ramps up smoking lounge approvals, targets year-end

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...

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