Friday, December 6, 2019

Macau

Lawrence Ho: Melco’s growth strategy in Macau validated

In an interview with Bloomberg television, Melco Resorts & Entertainment Chairman and CEO Lawrence Ho asserted that his firm’s rising profitability at a time when the local market is being by decline represents proof that Melco’s strategy is working.

Macau to provide more concession detail in April

Macau’s incoming Secretary for Economy and Finance Lei Wai Nong said the government will provide more detail on the re-tender process for the six casino concessionaires in April, 2020 and stressed the priority will be on the interests of the local people. 

Lei Wai Nong

Appointed as the fifth Secretary for Economy and Finance on Dec. 1, 2019, replacing Lionel Leung Vai Tac. Lei was born in Fujian in...

Macau GGR down 8.5 percent on weak VIP

The Gaming Inspection and Coordination Bureau over the weekend that Macau GGR for November came in at MOP22.9 billion (about US$2.8 billion), down 8.5 percent year-on-year.

Dynam installs slot machines at Legend Palace Casino

Dynam Japan Holdings has announced that it has installed three models of slot machines at the Legend Palace Casino in Macau.
Photo by Elton Yung on Unsplash

Twenty years of gaming twists and turns

The 20th anniversary of the Macau Special Administrative region is upon us. When it comes to gaming, these were not two linear decades. There were plenty of twists and turns.

Gaming to continue to drive Macau’s wealth

Twenty-nine years ago I visited Macau for the first time. It was a consolation day trip from Hong Kong for not being able to apply and obtain a visa to enter China in less than a week when I had only four days to spend.

MGTO claims strong record on implementation

The Macao Government Tourism Office (MGTO) claims that it has already implemented 81 percent of the actions and objectives outlined in the 2017 Macao Tourism Industry Development Master Plan.

GameSource wins Innovation Gold Award

GameSource, a cloud-based platform offering land-based casinos access to electronic games, has won the Innovation Gold Awards at the 7th Annual Business Awards of...

South Shore reports widened loss in six months to Sept 30

South Shore Holdings Limited, operator of Macao luxury hotel The 13, reported a 15 percent widened loss for the six months ended Sept 30,...

TRENDING ARTICLES

IPI says raids don’t affect casino ops.

Imperial Pacific International said it assisted in an investigation by enforcement officers on Saipan on Nov. 7, adding the probe does not affect its daily casino operations.

Aristocrat logs 29 percent rise in net profit in FY2019

Slot and gambling machine maker Aristocrat Leisure saw its profits after tax rise by nearly 29 percent in the one-year period to the end of September, reaching almost A$700 million (about US$476 million). The company’s total sales were nearly A$4.4 billion.

Suncity moves quickly to secure Manila IR site

Hong Kong-listed Suncity Group aims to speed up the payment of $200 million to secure the project site for its proposed five-star hotel and casino complex, Westside City Resorts World, to be developed at Entertainment City, Manila.

Peter Wolff named GLI Director of Global Technical Compliance

Peter Wolff has been named as Gaming Laboratories International’s new director of global technical compliance, in which role he is expected to concentrate on technological advances within the gaming industry in order to support regulators in jurisdictions around the world.

VIP to make up of one-third of GGR by 2022

VIP as a percentage of revenues is expected to go down to as low as 34 percent by 2022, according to estimates from Bernstein...