• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau neighbour Zhuhai eyes bigger regional MICE role

Sep 25, 2019 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck  


Macau neighbour Zhuhai eyes bigger regional MICE role

The city of Zhuhai in mainland China’s Guangdong province is seeking to have a bigger say in the regional meetings, incentives, conferences and exhibitions (MICE) industry. Authorities in the city, which is next door to Macau, have announced a tender for a land plot near the Zhuhai landing point of the Hong Kong-Zhuhai-Macau Bridge. The plot is earmarked for hotels and exhibition centres, reported the South China Morning Post newspaper.

Zhuhai’s government announced that a tender would open for a 226,000-square-metre (2.43-million-sq-feet) plot of land to the north of Zhuhai port on October 9. The parcel will be auctioned off on October 18, and the starting price is CNY5.64 billion (US$793 million), said the Hong Kong-based media outlet.

The newspaper quoted Vincent Cheung, managing director of consultancy firm Vincorn Consulting and Appraisal, as saying that the plot was the largest in recent years to be allocated in Zhuhai for hotel and exhibition space. The news follows the announcement in February by the Chinese government of the development strategy for the Guangdong-Hong Kong-Macau Greater Bay Area.

The Greater Bay Area refers to a Chinese central government initiative to integrate the economy and people of mainland China’s Guangdong province with the economies of Macau and Hong Kong. The Hong Kong-Zhuhai-Macau Bridge (pictured) – one element in pushing the Greater Bay Area plan – opened to traffic in October.

According to Tuesday’s media report, the Zhuhai land tender includes a number of conditions, including that the successful bidder must sign a letter of intent with at least one global resort brand. The bidder must also bring in at least 20 foreign companies within three years and develop at least two hotel projects.

The Macau government has identified MICE business as one of the elements to help diversify its own economy. Several of Macau’s casino operators have invested in expanding their capacity to accommodate conferences and exhibitions.

Galaxy Entertainment Group Ltd is currently developing the so-called Phase 3 of its flagship property Galaxy Macau, which will feature a large-scale arena with 16,000 seats and 400,000 square feet of space for MICE events.

A total of 1,427 MICE events was held in Macau in 2018, up 3.3 percent from the previous year, according to data from the city’s Statistics and Census Service. The number of attendees at events in the period rose by 11.6 percent, to just above 2.12 million, said the statistics bureau.

The outline plan for the Greater Bay Area also mentioned that Hengqin – a part of mainland China territory next door to Macau – would be developed into a “high-standard international leisure and tourism island” in order to “complement Macau’s development into a world tourism and leisure centre”.

A number of non-gaming tourism projects already exists in Hengqin and more are being planned, with the idea of creating two-centre holidays featuring Hengqin and Macau.


  • tweet
Related articles
  • Gaming recovery helps Melco Resorts EBITDA break even 4Q
    Gaming recovery helps Melco Resorts...

    Feb 26, 2021  

  • Galaxy Macau Phase 3 MICE to launch in stages says exec
    Galaxy Macau Phase 3 MICE to launch in...

    Feb 24, 2021  

More news
  • Pace of Macau GDP decline slows in 4Q amid tourism gains
    Pace of Macau GDP decline slows in 4Q...

    Mar 08, 2021  

  • Donaco not mulling sale of Vietnam casino hotel: execs
    Donaco not mulling sale of Vietnam...

    Mar 08, 2021  


Latest News

Pace of Macau GDP decline slows in 4Q amid tourism gains

Pace of Macau GDP decline slows in 4Q amid tourism gains

Mar 08, 2021  

Macau’s fourth-quarter exports of gaming services, an important component of the city’s gross domestic product (GDP), saw a narrowing of year-on-year decline relative to that of the third...
Read More
Donaco not mulling sale of Vietnam casino hotel: execs

Donaco not mulling sale of Vietnam casino hotel: execs

Mar 08, 2021  

Fitch says LVS Nevada sale a negative, Moody’s keener

Fitch says LVS Nevada sale a negative, Moody’s keener

Mar 05, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“Construction work is progressing smoothly and even though the Covid-19 outbreak has impacted our original timeline, we remain committed to this groundbreaking project"

Grant Johnson

Property general manager of City of Dreams Mediterranean



Most Popular

  • Lim Kok Thay, GEN Singapore execs in US$1.3mln stock awardLim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021
  • Las Vegas Sands to sell off Nevada assets for US$6.25blnLas Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021
  • Covid-19 test cert no longer needed for Macau casino entryCovid-19 test cert no longer needed for Macau casino entry March 2, 2021
  • Pansy Ho again cuts stake in MGM Resorts, for US$57mlnPansy Ho again cuts stake in MGM Resorts, for US$57mln March 4, 2021
  • LVS plans to keep U.S. base, stock listing: spokesmanLVS plans to keep U.S. base, stock listing: spokesman March 4, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us