GGRAsia – Macau

Macau

No casino links plus for Ho Iat Seng re Macau top job: expert

Apr 24, 2019 Newsdesk Latest News, Macau, Top of the deck

The first and so far only person to declare as a candidate for this year’s process to select the next chief executive of Macau might benefit in Beijing’s eyes from having no direct links...

First phase launch of Novotown Hengqin from 2H: Lai Sun

Apr 24, 2019 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

The opening of the first phase of Novotown, a non-gaming development on mainland China territory next door to Macau, and that is to have a Hollywood film-themed amusement park, will begin from the...

Macau March visit tally up 24pct y-o-y helped by bridge

Apr 23, 2019 Newsdesk Latest News, Macau, Top of the deck

Visitor arrival numbers to Macau totalled 3.39 million in March 2019, up by 24.0 percent year-on-year but down 4.4 percent judged month-on-month. The tally of overnight visitors was just over 1.58...

April Macau GGR dip likely, despite Easter uptick: analysts

Apr 23, 2019 Newsdesk Latest News, Macau, Top of the deck

The average daily rate of Macau casino gross gaming revenue (GGR) for the third week of April improved compared to earlier in the month to MOP800 million (US$99 million), “partly on higher...

Macau gaming tax revenue up 6pct in 1Q

Apr 22, 2019 Newsdesk Latest News, Macau, Top of the deck

The Macau authorities collected more than MOP29.64 billion (US$3.67 billion) in revenue from the gaming industry in the first three months of 2019. Data released by the Financial Services Bureau,...

Macau VIP to continue weak as mass builds: observers

Apr 22, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau’s mass-market casino play, which accounted for half of the city’s first-quarter gross gaming revenue (GGR) – a record high since records have been kept – is likely to continue to do...

APE parent warns of 1Q loss as operating costs rise

Apr 22, 2019 Newsdesk Latest News, Macau, Top of the deck

Asia Pioneer Entertainment Holdings Ltd is warning investors that it expects to have made a loss in the first quarter of 2019 that is even bigger than the net loss of HKD1.7 million (US$216,619) it...

No need to delay gaming licences tender: Macau govt

Apr 18, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau’s Chief Executive, Fernando Chui Sai On (pictured), says there is no need to delay the launch of a fresh public tender process for gaming rights prior to the expiry in 2022 of the current...

Beijing nods Hengqin’s tourism island proposal

Apr 18, 2019 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

The details in a proposal to develop Hengqin as a tourism island, and so complement neighbouring Macau’s tourism effort, have been approved by China’s State Council, said the...

Macau lessons in Singapore casino biz revamp: experts

Apr 18, 2019 Newsdesk Features, Latest News, Macau, Singapore

Singapore’s thinking in extending the duopoly of its casino industry and that city-state’s decision to have incremental increases in its two-tier system for tax on gross gaming revenue...