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Visa simplification key to Macau pickup

Visa simplification key to Macau pickup: Bernstein

The simplification of visa procedures for Chinese visitors is key to drive a more robust recovery in Macau, where this year’s Golden Week figures proved disappointing, according to a note from Bernstein Research.

Customer focus urgently needed

The casino industry in Macau grew from US$2.77 billion in revenues in 2002 to over US$45 billion in 2013. Then, in 2015, revenues fell precipitously to under US$29 billion, a fall from which casinos are still reeling.

Premium mass, technology to drive Macau gaming growth: Bernstein

VIP and premium mass customers made up of only one percent of visitors in 2018, yet drove around 70 percent of total GGR, according...

Emperor Entertainment to target premium mass customers

Emperor Entertainment Hotel Limited, the gaming arm of Emperor Group, said it will be looking to expand its share of the premium mass market...

Operators not showing confidence in VIP, Morgan Stanley says

None of Macau’s operators, or junkets, are showing confidence that VIP trends or demand are organically improving, despite positive macro leading indicators, analysts at Morgan Stanley wrote after a recent trip to the territory.

Wynn Macau outperforming in mass: Bernstein

Despite its reputation as a luxury brand, Wynn Macau is outperforming the market in the premium mass segment, delivering above average margins, Bernstein Research...

Macau operator stocks may see short-term rally: MS

Shares in Macau’s casino operators may rally in the short term following better-than-expected November gross gambling revenue, an easing in trade tensions between the U.S. and China and increased visitation after the opening of a bridge between Hong Kong, Macau and the mainland, Morgan Stanley forecasts.

Morpheus doubles COD premium mass room capacity

Melco’s new 772-room hotel tower Morpheus will double the number of rooms available for premium mass customers, while increasing room capacity at City of...

Philippines premium mass sector tipped for growth

The Philippines is in a strong position to capture a growing share of the premium mass market to help diversify its tourism base, according...

Fitch sees Macau GGR growth of 13 percent for 2018

Fitch Ratings says it expects Macau’s gross gambling revenue to gain 13 percent in 2018, moderating from a 36 percent spike recorded in January. The...

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