GGRAsia – Macau

Macau non-gaming spend rising as GGR slides

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

Visitors to Macau spent MOP15.5 billion (US$1.9 billion), excluding gaming expenses, in the third quarter of 2014, up by 4.6 percent from a year earlier, official data show. Total spending by...

Macau gaming weakness to persist in 1H15: Fitch

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

Macau gaming revenue growth is projected to stagnate judged year-on-year at zero percent for 2014 and to decline by 1 percent in 2015, says a note from financial services firm Fitch Ratings Inc....

Macau Nov revenue hints at up to 21-pct fall: analysts

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

Average daily revenue (ADR) at Macau casinos is softening as VIP play shows no sign of recovery and mass-market business remains soft, say a number of investment analysts. “Up to November 16,...

Gaming largest FDI contributor to Macau in 2013

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

The gaming sector was the largest source of inward foreign direct investment (FDI) to Macau last year, recent official data show. Information from the city’s Statistics and Census Service indicated...

Credit drop in China bad for Macau VIP gaming: analyst

Nov 17, 2014 Newsdesk Latest News, Macau, Top of the deck

The continued bank credit decline in mainland China suggests no imminent rebound in VIP gaming in Macau, says Wells Fargo Securities LLC. “We believe growth in credit is necessary for growth to...

Macau Legend’s new hotel ready but lacks govt go-ahead

Nov 17, 2014 Newsdesk Latest News, Macau, Top of the deck

A new hotel at Macau Fisherman’s Wharf is ready but not yet open to the public because it lacks full government licensing, said David Chow Kam Fai (pictured), chief operating officer of casino...

MGS promises record exhibitor numbers in 2014

Nov 17, 2014 Newsdesk Latest News, Macau, Top of the deck

Visitors from an estimated 20 nations are expected to attend the Macao Gaming Show held this week, say the organisers. The three-day event starts on Tuesday. They add that as of November 12, the...

China Star in talks to sell Lan Kwai Fong hotel in Macau

Nov 14, 2014 Newsdesk Latest News, Macau, Top of the deck

Casino services firm China Star Entertainment Ltd, which suspended trading of its stock on the Hong Kong Stock Exchange on November 3, is planning to sell the Lan Kwai Fong (pictured) hotel property...

Crown Resorts barred from Stanley Ho associates

Nov 14, 2014 Newsdesk Latest News, Macau, Top of the deck, World

An undertaking sought by the authorities in New South Wales before granting a casino licence to Crown Resorts Ltd in Sydney includes a provision to prevent “any new business activities or...

Macau activists want smoking ban in casino VIP rooms

Nov 13, 2014 Newsdesk Latest News, Macau, Top of the deck

The labour activist group Forefront of the Macao Gaming says the government has to be more efficient in enforcing the smoking ban on casino mass floors in the city. The association is also calling...