Your Daily Asia Gaming eBrief: Xmas cheer for Macau

Macau Christmas

Good morning, 

Macau found a way to ring out the year with a touch of Xmas cheer as hotels reached an average occupancy rate of 70 percent and the number of visitors jumped 20 percent. We also take note that Levo Chan, who became Macau Legend’s largest shareholder in September, has followed up by becoming the firm’s CEO as well. This is Asia Gaming Brief’s final newsletter of the year. Our team wishes you all the best for the New Year holiday. We will be back next Monday to keep you informed in 2021 as well.

First, the news

What you need to know

Macau gets some Xmas cheer as arrivals rise

The Macau government’s intense marketing efforts in Mainland China appear to have borne fruit over the Christmas holiday season with hotels reaching an average occupancy rate of 70 percent. According to figures from the Macau Government Tourism Office (MGTO), the average daily number of visitors was more than 24,000 between Dec. 23rd and 27th. That was an increase of 20 percent for the days in December prior to the 23rd and up 30.5 percent from the average daily number of visitors in October.

Your Daily Asia Gaming eBrief: Xmas cheer for Macau

Levo Chan becomes CEO of Macau Legend

Chan Weng Lin, also known as Levo Chan, has become the CEO of Macau Legend in addition to his role as co-chair of the board. He replaces Melinda Chan in the executive post. Levo Chan, also chief executive of the junket-related Tak Chun Group, became the largest shareholder in Macau Legend Development in September after the company’s founder, David Chow, and others sold down their shares. At present, Chan owns about a third of the company’s shares.

The year that changed the game

Your Daily Asia Gaming eBrief: Xmas cheer for Macau
Matt Ballesty

Ballesty: Looking for travel bubbles

New Zealand and Australia continue to outperform the world with the management of the pandemic, and while it’s likely a travel bubble between the two countries will be the first major change in border restrictions, we expect it will come with a number of restrictions.

Your Daily Asia Gaming eBrief: Xmas cheer for Macau
Wolfgang Arlt

Arlt: China neighbors seen as first port of 2021 call

At the end of this annus horribilis, after so much hardship and so much obedience demonstrated by societies in lockdown around the world, we are all entitled to a nice Christmas present and the prospect of a better tomorrow.

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Asia gaming briefings Dec 2020