Thursday, October 24, 2019

Macau

Melco, MGM seen gaining market share: Bernstein

Melco Resorts & Entertainment and MGM Resorts are likely to have gained market share in Q3 as new properties ramp up, while Wynn Resorts and Galaxy Entertainment may have slipped due to their greater reliance on VIP, Bernstein analysts say.
The 13, Macau

Southshore sells 40% stake in The 13

Southshore Holdings says it has reached an accord to sell 40 percent of the company that owns Macau luxury hotel The 13 for HK$750 million ($95.6 million).
HKZM Bridge

Macau to attract a record 40 million tourists in 2019

Macau visitor arrivals are expected to hit a record 40 million in 2019, driven by traffic over the Hong Kong, Zhuhai, Macau bridge. 
Renminbi

Plans submitted for Macau “Nasdaq”

A senior Chinese official says a proposal for a yuan-denominated “Nasdaq” in Macau has been submitted to Beijing, local media reports.

Macau Q3 results expected to be weak, but within expectations

Third-quarter results from Macau’s six gaming concessionaires, which are due to be released towards the end of this month, are expected to be weak,...

Macau junket tax revenue up 17 % in 2018

The Macau government collected MOP394.1 million (US$48.8 million) in taxes on commissions paid to casinos by junket operators in 2018, an increase of 17...

Gaming industry maintained healthy development, says mid-term review

The Macau government says it hopes to improve the quality of modern gaming tourism building clusters and facilitate the development of non-gaming elements over...

Golden Week visitation met expectations: MGTO

The Macau Government Tourism Office said tourist visitation over Golden Week met expectations, attributed to the inauguration of the Hong Kong-Zhuhai-Macao Bridge and the...

Melco team embarks on Greater Bay study trip

Melco Resorts & Entertainment CEO Lawrence Ho and a team of senior executives have visited China to gain more understanding of the Greater Bay Area development. 

VIP GGR tepid in Golden Week: Bernstein

VIP play was tepid through the key Golden Week holiday in Macau and is likely to remain so for the rest of the month as trade tensions pressure Mainland China’s economy, analysts at Bernstein said.

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Macau prepares for huge influx of tourists, but not Hong Kong

The Macau Government Tourism Office (MGTO) is working on measures to manage the flow of visitors to the city during Golden Week, which begins...

Yokohama IR plans face recall and referendum movements

Political parties and citizens opposed to an IR bid at Yamashita Pier are launching movements both to recall Fumiko Hayashi as mayor of Yokohama as well as to subject any casino construction plans to a popular referendum.

Wakayama Prefectural Assembly declares support for IR bid

On Friday, the final day of its regular session, the Wakayama Prefectural Assembly declared its support for Governor Yoshinobu Nisaka’s initiative to seek an...

Stadium-Lookalike Booth

Taking place from October 14 to 16, every year the G2E brings a big attendance from all the major operators from the US, Latin...

Cashless and AI will reshape the casino floor

Cashless gaming, artificial intelligence and facial recognition technology will reshape the casino floor, but regulation will remain a key hurdle for years to come,...