GGRAsia – Macau

Macau

Full smoking ban may also have impact on Macau private rooms

May 21, 2014 Newsdesk Latest News, Macau, Top of the deck

Macau casino operators are ready to adapt gaming floors to a full smoking ban but regulatory changes could even impact private rooms, says MGM China Holdings Ltd’s chief executive Grant Bowie...

Macau casinos ‘eager’ to push diversification: Pansy Ho

May 20, 2014 Newsdesk Latest News, Macau

Macau casino operators “are the most eager stakeholders” in pushing for economic diversification in the city, says Pansy Ho Chiu King, co-chairperson of Macau-based gaming operator MGM China...

E-permits to benefit mass gaming in Macau: analysts

May 20, 2014 Newsdesk Latest News, Macau, Top of the deck

Mainland China will soon start issuing smart cards to replace paper permits for people commuting between the mainland and Macau, the official news agency Xinhua reported. University of Macau gaming...

Galaxy Entertainment posts 33 pct revenue jump in Q1

May 20, 2014 Newsdesk Latest News, Macau, Top of the deck

Galaxy Entertainment Group Ltd reported today record revenue for the first quarter of 2014. The company reported revenue of HK$20.2 billion (US$2.6 billion) for the first three months of the year, up...

Meet Macau’s ‘PIPs’

May 20, 2014 Newsdesk Latest News, Macau, Top of the deck

There’s a new breed of weighty casino gamblers that might be justifiably referred to as ‘PIPs’ – or pretty important persons. These are the premium mass players that might not qualify for...

Shift to premium mass in Macau ‘net positive’

May 20, 2014 Newsdesk Latest News, Macau, Top of the deck

Casino operations in Macau over the last decade have been largely focused on the profits coming from VIPs, but new industry trends show that there will be more profit from focusing on the mass-market...

Macau GGR growth softens: analysts

May 20, 2014 Newsdesk Latest News, Macau, Top of the deck

The growth of casino gross gaming revenue (GGR) in Macau softened last week, two analysts say. Brokerage firm Sterne Agee said average daily table GGR stood at MOP920 million (US$115.2 million) for...

Macau economic diversification not to affect gaming: EU

May 19, 2014 Newsdesk Latest News, Macau, Top of the deck

Efforts by the Macau government to make the city’s economy more diverse are yet to materialise but that should not dent the gaming industry, says Vincent Piket (pictured), head of Office of the...

No deadline for UnionPay devices in casinos: Macau govt

May 18, 2014 Newsdesk Latest News, Macau, Top of the deck

Macau’s Secretary for Economy and Finance Francis Tam Pak Yuen (pictured) says the government hasn’t set a deadline to restrict the use of China UnionPay swipe card devices inside casinos. “I...

Asia ‘critically important’ to LVS: Tracy

May 18, 2014 Newsdesk Interviews, Latest News, Macau

Las Vegas Sands Corp, the first Las Vegas-based operator to open a casino in Macau, had to go through a learning process to understand the unique characteristics of the Asian market, says Sands China...