Thursday, December 5, 2024

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Macau 2024 final visitor tally could reach 34 mln

The Macau Government Tourist Office's Deputy Director, Cheng Wai Tong, announced that the region's target of 33 million visitors for 2024 is likely to be surpassed, potentially reaching 34 million by the end of December.

Macau gaming operators expect regulatory fine-tuning for satellite casinos

Macau gaming operators are anticipating regulatory fine-tuning for satellite casinos in 2025. This expectation was shared with Bank of America, although the names of the operators were not disclosed.

Macau gaming operators-led revitalization projects bring 1.7M visits: Secretary

Macau’s ongoing efforts to revitalize six historic districts through collaboration with casino operators have seen a positive response, with over 1.7 million visits recorded during performance and show periods.

Melco and EASL team up for Macau Black Bears school visit

With the aim of helping local youth maximize their potential and development, Macau gaming operator Melco Resorts & Entertainment and the East Asia Super League (EASL) recently co-organized a community outreach event to benefit students from the Concórdia School for Special Education and members from Macau Special Olympics.

Macau launches new light rail connection to Hengqin Port, encouraging tourist visitation

Macau is further improving its infrastructure connections to mainland China, with the new Light Rail Transport (LRT) system linking Macau to the neighboring Hengqin commencing operations on Monday.

Macau’s growth backed by Chinese government, defying fears of policy tightening: GS

Further relaxation of travel policies for mainland Chinese visiting Macau signals the ‘Chinese government’s ongoing support for Macau’s economic and non-gaming development’, alongside closer integration with the rest of the Greater Bay Area.

Prudent outlook on Macau’s December GGR amid visit of top Chinese officials

Citigroup has issued a conservative forecast for Macau's December 2024 gross gaming revenue (GGR), projecting a flat year-on-year performance at $2.3 billion. 

Daily Asia Gaming eBrief: Macau could see a 4% rise in GGR in 2025

With a little help from my friends. Macau's gaming industry could see a gross gaming revenue (GGR) increase of 4% year-on-year, reaching $29.3 billion, according to CLSA. This jump would harness potential consumer-focused fiscal stimulus advanced by China’s central government. Meanwhile, Curacao’s gaming regulator has issued a statement addressing recent corruption allegations surrounding the island’s gaming licensing system and operator BC.GAME. Returning to Macau, the city’s top court has issued a decisive ruling maintaining the 13-year prison sentence handed to Levo Chan, the former junket Tak Chun Group CEO.

Macau gaming to see modest growth in 2025, with market share expansion key: CLSA

Macau's gaming industry is set to experience a 'very modest growth' in 2025, prompting gaming operators to reshape their strategies to adapt to evolving market dynamics.

China eases Macau travel for residents of neighboring cities

The Chinese central government has approved new measures to further ease travel rules for residents of Zhuhai and Hengqin coming to Macau.

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