Good Morning. Experts are questioning the efficacy of Macau’s foreigner-only gaming zones, as operators don’t appear to be making any gains from the proposed tax breaks they entitle. While all of Macau’s concessionaires have set up the zones, none have applied for the tax cut, say experts. Looking to the Philippines, POGOs are again in the spotlight, after more raids and alleged illegal operations, calling for a complete shutdown of the companies, again.
What you need to know
- Macau’s focus on overseas punters is already hindered by legacy problems, with little faith in the success of new foreigner-only zones: insiders.
- POGOs are again in the spotlight, as recent raids cause a new call by the PH Finance Minister to shut down their operations.
On the radar
- PH President pledges response to ongoing trafficking issues.
- Century Entertainment fiscal FY23 loss widens to $8.04 million.
- Macau on track for 20 million tourists by year-end: tourism official.
Despite the tax rebate, the special foreigner-only gaming areas that the Macau government has allowed concessionaires to operate are failing to make waves within the city’s evolving gambling environment. And while authorities hope that the incentive provides a carrot to the mandate of operators’ need to attract foreign clientele, visitor numbers from further abroad are not yet increasing to expected levels.