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Macau

Macau could see 40 mln tourist arrivals in 2019: govt

Oct 14, 2019 Newsdesk Latest News, Macau, Top of the deck

The tally of tourist arrivals to Macau this year will probably be “close to” 40 million, said the head of the Macao Government Tourism Office (MGTO), Maria Helena de Senna Fernandes, in comments...

Macau GGR likely to shrink y-o-y every month of 4Q: MS

Oct 14, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau casino gross gaming revenue (GGR) is likely to shrink in every month of the fourth quarter, when judged year-on-year, says banking group Morgan Stanley. “We expect fourth-quarter 2019 revenue...

New Macau CE has tough work on gaming laws, public policy

Oct 11, 2019 Newsdesk Features, Latest News, Macau

Macau’s six casino business licensees have a good chance of having their local gaming rights refreshed beyond their upcoming expiry dates in 2022, several local gaming lawyers and scholars...

Macau casino smoking lounges hit 600-mark

Oct 11, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau’s Health Bureau says it gave permission during September for 23 new-style smoking lounges in Macau’s gaming venues, according to an update published on Wednesday. As of September 30, there...

Macau govt gets US$49mln in taxes from junkets in 2018

Oct 10, 2019 Newsdesk Latest News, Macau, Top of the deck

The Macau government collected in 2018 nearly MOP394.2 million (US$48.8 million) in taxes on commissions paid by casinos to junkets, according to the government’s budget execution report. That...

Reed Exhibitions joins casino tech trade body AGEM

Oct 10, 2019 Newsdesk Industry Talk, Latest News, Macau, World

The group that organises the Global Gaming Expo (G2E) Asia casino industry trade show and exhibition held annually in Macau has joined a leading international trade body featuring equipment makers...

Casinos helping Macau meet 5-yr plan goals: govt

Oct 09, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau’s gaming industry maintained “healthy” development in the period 2016 to 2018, according to the local government’s so-called “mid-term review” – published on Wednesday...

Macau room rates down in Oct Golden Week: MGTO

Oct 09, 2019 Newsdesk Latest News, Macau, Top of the deck

The average nightly room rate at Macau hotels and guest houses during the autumn holiday week encompassing China’s National Day, fell 5.1 percent year-on-year to MOP1,842.30 (US$227.58). The...

Not so Golden Week for Macau casinos: analysts

Oct 09, 2019 Newsdesk Latest News, Macau, Top of the deck

China’s autumn holiday period encompassing National Day on October 1 was for Macau casinos a “not-so-golden Golden Week – as expected”. So said a Tuesday note from JP Morgan Securities (Asia...

Visitors to Macau down 3pct on last day of Golden Week

Oct 08, 2019 Newsdesk Latest News, Macau, Top of the deck

Visitor arrivals to Macau on the seventh – and last – day of the autumn Golden Week holiday period were down by 3.1 percent from the same period in 2018. Preliminary figures from Macau’s Public...