Saturday, October 24, 2020

Tag: Macau

Adriano Ho appointed to head Macau’s gaming regulator

Adrian Ho appointed Head of Macau Regulator
Adriano Ho has been named director of Macau’s Gaming of Inspection and Coordination Bureau (DICJ), following Paulo Martins Chan’s decision to step down.Ho took up the post on 10 June.

Matt Maddox: ‘We are confident that travel and tourism will recover in the US and China’

Wynn Resorts financials
Following a challenging Q1 in the US and Macau, Wynn Resort’s chief executive affirmed that the company remains well positioned to ride out the coronavirus crisis, highlighting that it retains $3.4bn in liquid assets.

Macau government “still studying” online gaming

Macau Government still studying online gaming
Macau chief executive Ho Iat Seng has said the government is considering online gaming as a way of diversifying the city’s gaming offerings.

Lei Wai Nong: Macau government will not be considering tax changes for the moment

macau tax coronavirus
Amid the ongoing economic uncertainty caused by the coronavirus pandemic, Macau’s government has said that it currently has no plans to introduce tax breaks

Macau’s gaming revenue fell 88 percent in February

Macau gaming revenue
Following a shutdown as a precaution against coronavirus, Macau’s casinos suffered their worst recorded revenue drop in February, with the situation..

Konami’s Fortune Cup is now available at Studio City Macau

Konami's Fortune Cup Macau APE
Reflecting the growing demand for horse racing multi-terminal gaming machines (MTGM), Konami’s Fortune Cup distributed by Asia Pioneer Entertainment (APE)..

Macau in 2019: A look back at the year in numbers

Macau 2019 in numbers
Macau’s GGR fell 3.4 percent year on year in 2019, marking the end of the special administrative region’s two-year recovery. Despite this, the city saw a..

Ben Lee: Macau likely to see continuing decline in YoY growth in short to medium term

Ben Lee Macau
Ben Lee, Managing Partner at IGamiX Management and Consulting, talks Golden Week, the headwinds currently facing the Macau market and the impact of the..

Maybe it’s because I’m a Londoner: Sands China’s latest property set for 2020 debut

Sands China Londoner Hotel 2020 debut
Part of Sands China’s plans to address the growing premium mass market, The Londoner Hotel is expected to be “fully completed” by July 2020, the company’s..

Sands confident in long-term plans despite mixed Q2 in Macau

Sands confident plans Macau
Sands shrugged off an underwhelming Q2 in Macau, with the company’s president and COO Rob Goldstein focusing on the firm’s plans to expand its..

APE Sponsors Lusitania Hockey Team

ape hockey
Asia Pioneer Entertainment Holdings (APE) has announced its sponsorship of Lusitania Hockey Team, the only team representing Macau in a recent tournament. The Lusitania Hockey Team, sponsored by APE, was the only Macau representative at the “2019 Taiwan Nantou International Men’s Hockey Tournament Match” which was held 18-22 August in Taichung. The tournament ran for five days, with Lusitania eventually coming...

Abbiati presents PJM Perfect Pay RFID solution in Macau

Abbiati Casino Equipment Macau Chips Giorgio Abbiati
Abbiati Casino Equipment spotlighted its latest casino currency solutions at G2E Asia, including its new RFID technology, PJM Perfect Pay, developed in partnership with Walker Digital Table Systems, while the Italian firm also demonstrated its latest tables and roulette solutions.   Italy-based Abbiati Casino Equipment showcased its wide portfolio of casino solutions, including several new-to-market products, just launched within the last...

Macau legislator: April revenue fall reflects market in process of reorientation

Macau legislator April revenue fall
Macau Secretary for Economy and Finance, Lionel Leong, contextualised the revenue fall within the changing structure of the Macau market, which he..

Concession renewal “..opportunity for Beijing to reframe the industry”

Greater Bay Area Macau
Ben Lee, Managing Partner at IGamiX Management and Consulting discusses the impact of the Greater Bay Area development plan on Macau, along with regional..

Hengqin development plans could provide additional uplift for Macau

Hengqin
Beijing’s decision to move forward with plans to develop Hengqin as part of the Greater Bay Area initiative has been welcomed by analysts, who note that..

Abbiati brings security focus to Macau

Abbiati Terry Clarke Georgio Abbiati David Heap 1000x562
Italy-based Abbiati Casino Equipment will be highlighting its combination of quality craftsmanship with the latest trends in innovation and IT at G2E Asia this May, the company’s CEO, Giorgio Abbiati explains.

Greater Bay Area plan looks set to further drive Macau visitation

GSA MPI
Beijing’s Greater Bay Area plan will help generate additional visitation to Macau, experts suggest. However, at the same time, they caution that Macau..

Betinvest to present new iFrame product with Asia-specific interface in Macao

BetInvest G2E Asia
Betinvest is going to the very heart of the Asian entertainment industry - Macao - to take part in one of the gaming business’s leading international events, G2E Asia. At stand D1229, the company will present its well-established sports betting products as well as its very latest solutions, such as iFrame Sportsbook. The Betinvest team have also announced that visitors...

Nominations open for G2E Asia Awards

G2E, Asia, Awards, macau
The American Gaming Association and Reed Exhibitions, organisers of G2E Asia, and leading B2B Asian gaming industry media brand Inside Asian Gaming are pleased to announce that the nomination period for the 2019 G2E Asia Awards has opened. The nomination period will run until Friday, April 5, 2019. Any member of the public may submit nominations by visiting G2EAsiaAwards.com. Companies...

SJM play for more tables as Grand Lisboa Palace lumbers towards completion

SJM, tables, Grand Lisboa Palace, Macau
SJM Holdings has submitted an application to the Macau city council for 300 to 500 new-to-market gaming tables for its Grand Lisboa Palace integrated resort. The $4.6bn Cotai-based venture, which has seen significant construction difficulties delay its initially predicted 2016 opening, is now expected to deliver an operational casino floor within the next six months. “Regarding Grand Lisboa Palace, we hope...

Temporary respite in trade tensions improves concession renewal prospects for US operators

Macau, trade, gambling, US, operators
In light of the possibility of a reduction in the ongoing trade tensions between the US and China, analysts suggest that the odds of concession renewals for the autonomous territory's three US-based operators have improved. Analysts suggest that the prospect of a reduction in trade tensions between the US and China will ease market concerns surrounding Macau concession renewals for...

Wynn Resorts looks to get out of the bunker in Las Vegas

Wynn Resorts Las Vegas macau Paradise Park development financial
Wynn Resort Q3 figures were boosted by a solid performance in Macau, while in Las Vegas the company has opted for a new 18-hole golf course over Steve Wynn’s vision for the $3bn Paradise Park development. While Wynn Resorts reported a 10 percent increase in operating revenues year-on-year for Q3 2018, the quarter was a tale of two halves for...

November marks 28th consecutive month of growth for Macau

Macau, casino, revenue, financials
Macau’s casino revenue exceeded analysts’ predictions in November, with GGR coming in at MOP 25bn($3.1bn), a rise of 8.5 percent year-on-year. The figure was confirmed by Macau’s Gaming Inspection and Coordination Bureau, beating analysts median growth estimates by four percent. However, while November was Macau’s 28th consecutive month of growth, it also marked the third month in a row which saw...

Global Gaming Expo Asia gears up for 2019 with expanded offerings across a Bi-level Exhibition Space

G2E asia, The Venetian Macau
Global Gaming Expo (G2E) Asia, the leading Asian trade event and the largest regional sourcing platform for global gaming and entertainment products, will be returning to Macau from 21-23 May 2019 at The Venetian Macao. G2E Asia debuted in 2007 and is globally recognised as a one-stop platform for industry professionals to source new products, solutions and technologies, while forging...

Eye of the storm

Macau, casino, revenue, financials
This month we have ventured into the eye of the storm to bring you hard hitting reports on toilet cubicles, hotel towers and the indomitable Macau spirit. Kicking things off in Las Vegas, naturally we find news coming from KTNV that a bathroom break ended up with a Utah couple getting turfed out of the Venetian casino. Fear not, for this...

Macau legislator proposes using face recognition technology to reduce crime

Casino Review Macau legislator Leong Sun Iok
Macau legislator Leong Sun Iok has proposed using face recognition technology to help improve security at local casino floors and hotels. In a written request to the government on 7 September, Leong noted that robberies in casinos had risen 50 percent year-on-year in the first six months of 2018, according to figures supplied by the Office of the Secretary for...

Unlucky for some – The 13 Hotel faces further delays

ICR WEBSITE THE 13 HOTEL
The Macau Government Tourism Office has stated that The 13 Hotel, developed by South Shore Holdings Ltd, formerly The 13 Holdings Ltd, is still awaiting an operating licence. The announcement follows re-inspection of the luxury Cotai-Coloane border property by the MGTO this month, after a June assessment flagged a range of “unfinished works.” “The Macao Government Tourism Office is currently awaiting...

Could Vegas and Macau feel the impact of US-China trade war?

Donald Trump
With a range of options at China’s disposal to respond to president Trump’s new trade tariffs, Edward Lowton considers what the consequences could be for Las Vegas and US operators in Macau. When it comes to diplomacy, US president Donald Trump seems to have based his negotiating strategy on the 1955 James Dean film, Rebel Without a Cause. Whether having an...

Melco aims to commence Studio City Phase Two construction in third quarter 2018

lawrence-ho-melco
Melco Resorts chairman and CEO, Lawrence Ho Yau Lung, has stated that he aims for the company to begin construction of Phase Two of its Studio City integrated resort by the third quarter of this year in order to meet its July 2021 government deadline. The company was granted a three-year extension by the Macau government in February, beyond the...

Legal experts suggest sub-concessions and satellite casinos could be reformed in Macau

ICR 190 ASIA MACAUCONCESSIONS
As the deadline for concession expiration in Macau nears, discussion among industry stakeholders regarding what the new concession process will look like and how many licences should be issued remains ongoing. As the deadline for concession expiration in Macau draws closer, there is ongoing debate in the local industry about what form the new concession process will take. Gaming concessions expire...

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