Tag: Macau

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...

New UnionPay restrictions raise concern in Macau

ICR 189 ASIA UNIONPAY
The removal of UnionPay point-of-sale machines in pawnshops and jewellery shops based inside and close-by Macau casino premises could signal a change in government policy, with analysts discussing the potential effects on the premium mass segment. Lack of clarity behind an apparent crackdown on use of UnionPay point-of-sale (POS) machines in pawnshops and jewellery shops in Macau has caused concern...

The 13 Hotel faces fresh delays

ICR 189 ASIA THE13
The 13 Hotel, a project on the Cotai-Coloane border of Macau, looks set to miss another opening deadline, as ongoing works at the property have caused delays in obtaining its hotel licence. The Macao Government Tourism Office (MGTO) - responsible for licensing hotel operations - told the property’s management in June that it will need to apply for a further...

MGM’s strong Q1 performance in Macau undermined by so-so US results

Mandalay Bay
MGM Resort income rose 8.5 percent to $233m for Q1, but while MGM China saw a strong quarter in Macau, in the US room revenue dropped five percent primarily due to lower occupancy at the company’s Las Vegas properties. MGM Resorts net revenue for Q1 2018 rose 3.9 percent, but a boost from the opening of its new casino in...

Morpheus launches sans new gaming tables

Melco Morpheus building Opening
While the DICJ did not authorise any new gaming tables for Melco Resorts and Entertainment’s Morpheus hotel tower, analysts are confident that the additional hotel rooms the property brings to the table will help grow the company’s top line. Melco Resorts and Entertainment’s newest hotel tower at City of Dreams, Morpheus, officially opened its doors on 15 June, however Macau’s...

SJM looks for two year licence extension

ICR 189 ASIA SJM
The CEO of SJM Holdings, Ambrose So Shu Fai, has stated that the company plans to seek a two-year extension of its Macau gaming concession, while the firm is aiming for an H2 2019 opening for its new Cotai property, Grand Lisboa Palace. Ambrose So Shu Fai, CEO of Sociedade de Jogos de Macau (SJM) Holdings, has confirmed that the...

Macau casino workers gambling ban would require ‘sophisticated ID technology’

Macau skyline
A proposal to ban Macau gaming workers from entering casinos outside working hours means venues would probably have to implement advanced identification technology, according to a gaming expert. “ would require a centralised ID swipe/monitoring system similar to that deployed by Immigration auto-gates,” said Ben Lee, managing partner at IGamiX. The proposal states that workers apart from those who perform functions...

IGT launches Hyper Hits link at MGM Cotai

The Venetian Macau
IGT's Hyper Hits link slot game recently made its Macau debut with an installation at MGM Cotai. “The game delivers an engaging experience that was designed specifically to meet regional player preferences,” said Michael Cheers, IGT's sales director for Asia. “Hyper Hits is one of three links that IGT recently released for Asia, and we are encouraged by our customers’ acceptance...

EGT Interactive: Fostering strong relationships in Asia

Resolved to stake its claim of Asian markets, EGT Interactive makes its debut at G2E in Macau. With a network of land-based connections to leverage, and a flare for the personal touch, business development manager Irina Rusimova, says finding partners in Asia is not a question of if, but how many. iGAMING TIMES: Why is it important for EGT Interactive...

Aristocrat highlights Asia-focused content in Macau

ICR 188 G2EASIAREVIEW ARISTOCRAT
Miguel Choi, Aristocrat’s regional marketing manager for the Asia Pacific, explains that the company’s links continue to go from strength to strength across the region. Aristocrat’s presented its latest products on an innovative stand at G2E Asia that replicated an actual casino floor with the 5 Dragons zone, showcasing the company's biggest Asian brand; along with a Mass Market Gaming...

Macau sees gaming tax revenue increase by 18 percent in first quarter

Macau money
Macau’s government has seen its take from direct taxes on gambling increase by 17.7 percent year-on-year in the first quarter of 2018, say the city’s Financial Services Bureau. The city collected approximately MOP26.30 billion (US$3.25 billion) in fiscal revenues compareed with MOP22.34 billion collected in the same period of 2017. Direct taxes from gaming brought in 84.5 percent of the Macau...

Stanley Ho’s retirement raises questions for analysts

Stanley Ho
Stanley Ho Hung Sun will step down from the company he founded, Sociedade de Jogos de Macau Holdings (SJM), the autonomous territory’s original casino concessionaire. His retirement will take effect on 12 June at the end of SJM’s annual general meeting...

TCSJOHNHUXLEY premiers new bonusing system in Asia

For G2E Asia 2018, TCSJOHNHUXLEY presented the new Bonusing Rewards module for its Gaming Floor Live platform, and with new additions to its e-FX display range. TCSJOHNHUXLEY debuted the newest module for its Gaming Floor Live platform along with new additions to its e-FX display range at G2E Asia. The introduction of GFL Bonusing Rewards unlocks the potential of progressive mystery...

Spintec lights up Macau with ETG innovations

ICR 188 G2EASIAREVIEW SPINTEC
Slovenia-based ETG specialist Spintec's Regional Sales Manager, Primoz Krsevan, explains that the company’s new Karma Electronic Roulette received a strong positive response from attendees at G2E Asia. International Casino Review: How has G2E Asia been for you? Primoz Krsevan: It’s been really busy and we’ve had a lot of positive feedback from visitors. Customers love the new Karma GEN II, the...

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