May 30, 2023 Newsdesk Latest News,. Based on GGRAsia’s observations, baccarat as usual was the Macau customers’ favoured game. Casino equipment and game technology provider Light & Wonder Inc says it has installed the first units of its Kascada cabinet series (example pictured) in the Macau market. 1 day ago · Macau gaming tax revenue in 1H tops US$3bln. According to a survey by GGRAsia, available room capacity at many Cotai casino-resort hotels had already been sold ou t by early January, for most days of the festive period. The aggregate number of Macau licensed gaming promoters, also known as junkets, is not likely to change very much this year, following a period of mergers and shutdowns, several representatives of the sector have told GGRAsia. 79 billion (US$3. 64 billion (US$4. The prospective new owner of the Landmark Macau casino hotel in that city has told GGRAsia in an interview that he aims to “enhance the gaming services” at the property. The latest monthly tally was up 513. In September, GGRAsia had confirmed with the regulator that by the end of 2024, all player screens on Macau casino slot machines must be fitted with an intermittently flashing clock showing the local time. 43 billion), according to the city’s regulator, the Gaming Inspection and Coordination Bureau. 4 percent year-on-year in calendar year 2019. 0 percent year-on-year. Macau May visitor tally down 2. “We expect the opening of Galaxy Macau Phases 3 and 4 to be a positive catalyst for Galaxy Entertainment’s valuation,” they added. S&P Global Ratings has cut its Macau casino gross gaming revenue (GGR) forecasts for 2022 and 2023, “due to a surge in Covid-19 cases and strict control measures in Macau and China. 1 percent on its second-quarter share. The April result was the best monthly performance since January 2020 – prior to the onset of the pandemic alert. The March result was the best monthly. GGRAsia has also sought comment from SJM Holdings, but had not received a reply by the time. Macau casino operator Galaxy Entertainment Group Ltd will get 150 new-to-market live gaming tables for its HKD19. 56 billion] capex to be spent,” stated a note from HSBC, citing comments from the casino firm’s management. 5 percent year-on-year, and was up 207. 80 billion (US$223. Mass floor minimum bets for casino table games in Macau are now commonly in the range of HK$1,000 to HK$5,000 even at non-peak times, three casino executives have separately confirmed to GGRAsia. The institution said that in likelihood,. 21 billion (US$1. 88bln: govt. The latest monthly tally was up 365. Jun 20, 2023 Newsdesk Latest News, Macau, Top of the deck. The regulation will come into force next Monday (January 1), according to the document published on. 6 billion). By the end of 2024, all player screens on Macau casino slot machines must be fitted with an intermittently flashing clock showing the local time, GGRAsia has confirmed with the city’s casino regulator. , the trading year before the Covid-19 pandemic disrupted tourism to the city. Accommodation at the property is already available for certain invited. The latest monthly tally was up 513. The 16,000-seat, multipurpuse Galaxy. Macau casino gross gaming revenue (GGR) fell to its lowest monthly tally this year in June – and the lowest since September 2020. Macau recorded casino gross gaming revenue (GGR) of just under MOP15. Credit Suisse AG suggested in a recent note that Macau could achieve a daily average rate of casino gross gaming. It said: “We can confirm that GRA Chief Executive Mr Teo Chun Ching and GRA officers visited Macau from 10 to 12 July 2023. The company will now use the name “Meg-Star Group”, the firm said in its latest release. 46 billion (US$36. 4 percent month-on-month, according to data released on Saturday by the local regulator, the Gaming Inspection and Coordination Bureau. Macau’s casino industry posted sequential weekly improvement in gross gaming revenue (GGR) for the period April 12 to 18 inclusive, say two separate institutions. GGRAsia approached the. The date when the Macau casino market can get back to the sort of levels seen before the Covid-19 pandemic is “slipping by the day,” said Lawrence Ho Yau Lung (pictured in a file photo), the chairman and chief executive of casino group Melco Resorts and Entertainment Ltd. The firm said in a press release on Thursday that it had deployed units of the Kascada Dual Screen and Kascada. 6 million, it said in a filling in April. Jun 02, 2023 Newsdesk Latest News, Macau, Top of the deck. Macau VIP gambling junket brand Suncity Group has confirmed to GGRAsia via email that it will host a reopening ceremony on September 24 for a refurbished Suncity VIP Club at Galaxy Macau (pictured), the flagship Cotai casino resort of Galaxy Entertainment Group Ltd. It is the first hiatus for the local casino industry since a 15-day pause in February 2020. Mass-market baccarat generated nearly MOP20. Macau faced a wave of Covid-19 infections starting from mid-December. That was a “steeper drop” compared to the 8. 7 percent month-on-month in March, according to data released on Friday by the local regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ. Macau VIP baccarat accounted for MOP2. Macau’s GDP declined by 39. That is according to data released on Wednesday by the local regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ. Macau 2Q EBITDA likely up 35pct q-o-q, says Citi. -based brokerage CBRE Securities LLC. Macau legislators nod final reading of gaming bill. 6 percent month-on-month. 59 billion for the second quarter, up 35 percent compared to the first three months of 2023. Macau casino operator Galaxy Entertainment Group Ltd has already topped out Phase 4 of its flagship property Galaxy Macau (pictured) in Cotai, “and still has another HKD20 billion [US$2. The April tally was up 449. In August 2019, Macau recorded approximately 3. Macau’s casino gross gaming revenue (GGR) was up 246. The announcement was published in the city’s Official Gazette earlier this week. A few junkets still active in Macau: industry veteran. 6-percent decline from the MOP6. Macau ends outdoor face mask requirement from today. They would be able to play in any part of a local casino. The latest monthly tally was up 15. In 2019 – the most recent pre-pandemic trading period – Macau recorded 531,503 visitor arrivals for the first three days of the Labour Day holiday period, an average of approximately 177,000 a day, according to official data. Macau casino workers would welcome the return of a pre-pandemic tradition – a one-off cash payment sometimes referred to as a “summer bonus” – though they are not overly optimistic, say separately two local gaming labour groups in comments to GGRAsia. She was replying to a question from GGRAsia during a conference session on Wednesday at the Global Gaming Expo (G2E) Asia 2023 Special Edition: Singapore. That is despite the announcement in recent days of Covid-19 infection in Macau. All of the city’s non-essential businesses –. 7 percent year-on-year in full-year 2021, despite a number of disruptions to tourism business in the second half of the year, due to community cases of Covid-19. 4 percent from a year earlier. 57 billion (US$1. June this year. Building of Phase 4 at the Galaxy Macau casino resort, in Macau’s Cotai district, could be completed “in 2024″, says Francis Lui Yiu Tung (pictured in a file photo), deputy chairman of the property’s promoter, Macau casino operator Galaxy Entertainment Group Ltd. The Raffles at Galaxy Macau hotel tower (pictured), part of Cotai’s Galaxy Macau Phase 3 project, is likely to open in the second half of this year, according to a statement emailed to GGRAsia in response to our enquiry. The total number of licensed gaming promoters in Macau – either entities or individuals also known as ‘junkets’ – shrank by 45. London came second, with a total of 21 top. 9 percent from the prior-year period, according to data released on Monday by the local regulator, the. People are still being advised by the local health authorities to wear masks when attending public venues. Currently, there are 37 gaming promoters – entities commonly known as junkets – that “are operating” in the Macau market, said the city’s gaming regulatory boss, Adriano Marques Ho, in a Thursday press briefing. The Macau government collected just above MOP26. He was speaking on Wednesday on the firm’s conference call with. Macau International Airport is likely to handle circa “4,480” inbound and outbound flight movements in July, according to information provided to GGRAsia by the operator, Macau International Airport Co Ltd (CAM). The Macao Government Tourism Office (MGTO) says the city is getting ready to receive package tours from mainland China in November. Mr Ho said that for 2021, the Macau government would work to “improve the legal framework for the gaming industry”, and “start the preparatory work for Macau’s gaming concessions”. Macau’s casino gross gaming revenue (GGR) shrank 79. From the summer. 48 billion (US$310 million), down 25. According to Macau government data, the city had 1. Macau recorded casino gross gaming revenue (GGR) of just under MOP15. Everyone living in Macau needs to do a rapid antigen test (RAT) for three consecutive days from Wednesday (November 30), in case of “hidden” Covid-19 infection within the local community and to lower the risk that any pool of infection might otherwise spread. Oct 07, 2022 Newsdesk Latest News, Macau, Top of the deck. 2 percent judged year-on-year. , at least 31 percent of that for the same month in pre-pandemic trading conditions in 2019. 02 billion) in Macau in the three months to December 31, which was 79. 58 percent” of its MOP292. The Macao Government Tourism Office said in a recent reply to GGRAsia that the city is getting ready to receive package tours from mainland China in November. 88 billion) in June, down 2. The Macau government collected in May just above MOP5. 0 million) in the first four days of June, estimated JP Morgan Securities (Asia Pacific) Ltd, citing its own checks. Academic unveils year-long study of Macau junket trade. 46 billion (US$36. The March tally was up 23. The Japanese firm. The institution said it expected Macau’s gaming industry second-quarter EBITDA to be just below US$1. 2 billion, supported by the return of package tours on February 6. The Macau authorities are lowering from 10 days to seven days the amount of time people arriving from either Hong Kong, Taiwan or “overseas” places must spend in quarantine before being allowed into the community. 5 million, down 62 percent sequentially on the June 20 to 30 period. 6-billion Galaxy Macau Phase 2, Galaxy Entertainment received an aggregrate of 250 new-to-market gaming tables under the Macau government’s table cap, between the facility’s launch in May 2015 and January 2016. “Based on our. Macau gaming tax revenue tops US$706mln in May. 45-billion (US$792 million) first phase of Novotown, a major. The city’s existing six gaming concessions are due to expire in June 2022, unless the authorities grant a form of limited extension as permitted under current Macau gaming law. It. 6 percent compared to April, at just over 2. The venue has historically been focused on serving the VIP segment. Macau’s gambling downturn – especially in the VIP gambling segment – offers fresh opportunities to casino marketing teams, a senior industry executive says. With effect from 12am on Tuesday (November 8), such people no longer need to provide a 24-hour validity certificate of a ‘negative’ Covid-19 test result counting from the date of sampling. All six Macau casino concessionaires have committed to the city’s government to invest. Jun 20, 2023 Newsdesk G2E Asia 2023: Macau, Latest News, Macau, Top of the deck . People intending to travel out of Macau by any route, are now required to present a nucleic acid test result – proving they are ‘negative’ for the Covid-19 virus – issued within 24 hours of departure, with the new rule in effect from the start of Wednesday (October 6), according to a dispatch on behalf of the city’s Chief Executive, Ho Iat Seng. The institution placed several casino operators on its ‘negative’ credit watch. 80 billion (US$845. In January, the Macau gaming regulator had said a total of 46 junkets – either entities or individuals – were licensed. Dec 17, 2022 Newsdesk Latest News, Macau, Top of the deck. Macau casino operator Galaxy Entertainment Group Ltd has confirmed to GGRAsia that the Rio Casino as well as the President Casino (pictured), venues located in the city’s downtown area, ceased operations by the end of Wednesday, June 15. The current GGR forecast of MOP130 billion (US$16 billion) for full-year 2022. Two industry observers said in recent comments to GGRAsia that the return of tour groups from the mainland were expected to help casinos gain more foot traffic in. Of those, exports of gaming services and other tourism services declined by 72. - Wynn Macau Ltd, Melco Resorts Entertainment Ltd and Galaxy Entertainment Group Ltd – have confirmed to GGRAsia that junkets had ceased operations at their respective. 51 billion (US$2. Early May saw two. A September 6 report released by brokerage Sanford C. 3 percent from MOP15. Singapore’s gambling regulator issued a statement to GGRAsia in response to our enquiry about the Macau visit. The analysis is based on the institution’s estimate for daily. JP Morgan said that based on its own checks, Macau-market GGR for the first 18 days of June was estimated at MOP9. The Macau authorities announced on Friday some of the key aspects of a bill proposing a new regulatory system for gaming that will shape how the industry looks for years ahead. Mr Lui was speaking to reporters in Hong Kong, on the sidelines of his. 1-percent rise from the 3,638 flight movements in June. 62 million visitor arrivals, according to data from the city’s Statistics and Census Service. “There are 20 tables in the VIP Club, which is the same as. 1 percent of all casino gross gaming revenue (GGR) for. Macau saw a total of 39,643 visitor arrivals on Sunday (January 8), with more than half the tally entering the city via the Border Gate land crossing with neighbouring Zhuhai, according to data released by Macau’s. Bosses from Macau casino operators Sands China Ltd and MGM China Holdings Ltd will speak on the July 11 opening day of the joint “Asian IR Expo + Global Gaming Expo (G2E) Asia 2023″ event to be held at the Venetian Macao resort. 6 percent from MOP12. The period included a portion of the recent mainland China holiday sometimes known as. This year’s Easter season from April 7 – a Friday. Macau recorded casino gross gaming revenue (GGR) of MOP15. Most of the new supply already being built will be on Cotai, where two new hotels, offering 2,808 rooms in aggregate, are being developed. 6 percent month-on-month, the best monthly performance since January 2020. Bernstein Ltd said that in the prior 10 days, Macau’s average daily rate of casino gross gaming revenue (GGR) had been under US$2. It suggests offenders could face a sentence of up to five years in prison, or a fine. 60 billion), according to data released on Tuesday by the city’s casino regulator, the Gaming Inspection and Coordination Bureau. The trial of Alvin Chau Cheok Wa (pictured in a file photo), and other defendants linked to the now-defunct Macau casino junket Suncity Group, is set to begin on September 2. 7 million), says brokerage JP Morgan Securities (Asia Pacific) Ltd, citing its own checks. Most Macau casino workers were willing to accept their respective employer’s’ incentives to stay away from the workplace, a situation now made mandatory via a week-long shutdown of the city’s gaming floors to help stop community transmission of Covid-19, said separately gaming labour activists Stephen Lao Ka Weng and Cloee Chao in. 18 billion), or a daily run-rate of MOP527 million. Macau casino operators face challenges regarding business recovery to pre-Covid-19 levels for the so-called ‘premium’ gaming segment, said industry consultant Alidad Tash, in comments to GGRAsia. The speed of the recovery in the Macau tourism market has been “more robust” than the sector expected, an industry conference panel (pictured) heard on Tuesday, on the first day of the Global Gaming Expo (G2E) Asia event in Macau. 25 billion) in the first half of 2022, the lowest amount since the MOP25. 00 billion (US$375. 3 percent year-on-year in calendar year 2020, amid the disruption to travel and the economy caused by the Covid-19 pandemic. Data published on Wednesday by Macau’s casino regulator, the Gaming Inspection and Coordination. The figure represented an increase of 89. Macau’s January casino gross gaming revenue (GGR) grew by 232. Brokerage Sanford C. 6 percent of Macau’s 39. GGRAsia approached MGTO for updates on when the city would receive the first batch of package tour groups from the. The 2022 tally was the lowest number of annual visitor arrivals to Macau since 1999, showed official figures. 9 percent over the past 12 months. 9. For the HKD19. Veteran VIP gambling trade representative Kwok Chi Chung has confirmed to GGRAsia that a Macau-based and -licensed gaming promoter – or ‘junket’ – controlled. The number was mentioned on. The new side bet – known as ‘Lucky Six’ – is already found in casinos in Asia, including in Singapore. Jan 09, 2023 Newsdesk Latest News, Macau, Top of the deck. Macau’s casino gross gaming revenue (GGR) reached MOP14. Jan 27, 2023 Newsdesk Industry Talk, Latest News, Macau, Singapore, Top of the deck. “We now expect 2023 mass GGR of US$19. The average daily volume of visitors to Macau during the previous lunar new year period, in early February 2022, was 16,242. Those Macau casino resort hotels that. 8 percent year-on-year in full. That was understood to be a reference to a public retender process occasioned by the expiry in June 2022 of the six existing Macau gaming licences. Morgan Stanley had a more optimistic outlook for Macau’s February GGR, expecting the market to record MOP11. The basis of that instruction was in a document called Macau EGM Technical Standards 2. That is according to the schedule published on the website of Macau’s Court of First Instance. 72 billion in April, up 15. Such move by the Macau government could restrict the city’s gaming operators’ capacity for dividend payout, Wynn Macau Ltd’s chairman, Allan Zeman, had said in comments cited by the Hong Kong Economic Journal, in an interview published on Monday. 9-percent decrease in the first quarter this year. Macau 2Q GDP down 39pct as gaming exports slump. 57 billion in May. . 3pct m-o-m at US$1. Macau casino GGR down 51pct y-o-y in 2022: govt. The report, published on Tuesday, included an assessment on the link between the current situation of Macau’s gaming. 3 percent year-on-year in real terms in the second quarter of 2022, according to data from the city’s Statistics and Census Service. 67 billion (US$454. 46 billion (US$36. 5 billion) annual GGR as being generated by foreign patrons. The requirement is part of the city’s Electronic Gaming Machine. The latter venue is operated by Galaxy Entertainment on Cotai. 70 billion (US$706. 6-percent decline from. That had coincided with relaxation of preventive measures, led by changes to mainland China’s Covid-19 policy. In an emailed reply to GGRAsia, Macau’s Labour Affairs Bureau did not comment on the average waiting times on non-resident work permit approval. Macau recently had its own Covid-19 alert, with some locals testing ‘positive’. The cited request comes as the city fights its most serious Covid-19 outbreak since the pandemic began in early 2020. The body just said it would “speed up” review of non-resident work permit applications, including applications filed by companies from the tourism and leisure sector. Macau’s casino gross gaming revenue (GGR) grew 43. Macau has lifted, starting from Monday (February 27), its requirement for people to use a protective face mask when outdoors. Macau needs stakeholders to align strategies: consultant. Macau’s six casino operators have each signed on Thursday a circa six-month extension to their respective gaming contracts, to December 31. May 11, 2023 Newsdesk Latest News, Macau, Top of the deck. 70 million visitor arrivals, down 26. “Based on the government-reported second quarter. GGRAsia was named “Gaming Media of the Year” at the Asia Awards ceremony held in the Philippine capital. Macau gross gaming revenue (GGR) for the first seven days of May is estimated at MOP4. Operators and players appreciated “what is. Macau’s casino gross gaming revenue (GGR) was down 52. That is according to people linked to the travel trade in Macau, in comments to GGRAsia. 8 million total visitors (25. The Macau health authorities announced on Sunday the addition of two places in Shenzhen – namely the Jihua sub-district of Longgang district and the Cuizhu sub-district of Luohu district – to Macau’s list of mainland China places where departing travellers are covered by Macau’s 14-day quarantine-on-arrival requirement. On Wednesday, the same. 3 percent month-on-month, to MOP2. According to Hsin Chong’s website, it had been hired by Galaxy Cotai Project Management Ltd to provide 8,800 pilings for Galaxy Macau Phase 4, an extension to the Galaxy Macau casino resort. 9 percent from June 2022, according to data released on Saturday by the local regulator, the Gaming Inspection and Coordination Bureau. Jan 11, 2023 Newsdesk Latest News, Macau, Top of the deck. 50 million (US$186,854) either to renew a licence or get a new one, according to a dispatch from the city’s Secretary for Economy and Finance, Lei Wai Nong. The property is currently in its “soft opening” stage and available to a “limited number” of invited guests only, according to Galaxy Macau’s booking hotline. Jul 16, 2022 Newsdesk Latest News, Macau, Top of the deck. The six Macau operators have as a whole pledged to the government to spend in aggregate a minimum of MOP108. The combined capital expenditure for Phase 3 and Phase 4 of the Galaxy Macau casino resort is “unchanged” at between HKD40 billion (US$5. Macau casinos stretch max bets to boost yield. The new concession runs from June 6, 2021, to June 5, 2024. Macau’s casino gross gaming revenue (GGR) stood at MOP11. Macau’s April casino gross gaming revenue (GGR) represented a “run rate” of MOP491 million (US$60. Gaming revenue at the Pharaoh’s Palace casino inside the venue fell 22. Casino GGR in Macau was just below MOP292. The property is charging these guests a nightly rate of MOP350 (US$44), and is not providing any in-room meals, the MGTO official noted. Macau orders 3 days of home testing amid Covid alert. Macau’s gross domestic product (GDP) declined by 39. The average Chinese customer at a Macau casino is aged 36, is more likely than not to be male, very likely lives in one of China’s most economically developed cities – known to marketing professionals as Tier 1 or Tier 2 centres – earns CNY19,000 (US$2,900) per month, and has visited Macau three times in the past 12 months. The first major outbreak of Covid-19 in Macau since October last year has seen the total number of confirmed cases rise to 31 – with 13 of an initial 21 patients showing no symptoms. Some of the venues mention the Macau government’s steps to counter the city’s latest Covid-19 outbreak, announced on Sunday. Macau November GGR down 23pct m-o-m: govt. The announcement was made on Monday by Macau’s Chief Executive Ho Iat Seng (pictured in file photo), while speaking to the press after a public event. Macau’s gaming regulator has asked casino operators in Macau to reduce temporarily by as much as 90 percent the number of on-duty workers staffing the city’s gaming floors, several local media outlets report. There is a variety of opinion among scholars and legal experts about whether China’s criminalisation of anyone assisting “cross-border gambling”, that came into effect on March 1, is meant to cover gambling in Macau, a special administrative region of China. Andaz Macau, another new hotel at the casino resort, was also likely to launch in the second half, added the. SJM’s “living subsidy” scheme was launched in 2014, in what the company described as a “guaranteed allowance” for its employees. Wednesday’s briefing said between midnight. Such extension can be in increments, up to a maximum of five years from the original 20-year term. They include uncertainities regarding how frequently such gambling customers will visit Macau from now on, and what impact, if any, the. A state of “immediate prevention” against. Brokerage JP Morgan Securities (Asia Pacific) Ltd estimates – based on its own checks – that casino gross gaming revenue (GGR) in Macau for the first 19 days of March reached MOP6. May 08, 2023 Newsdesk Latest News, Macau, Top of the deck. 8 percent of all Macau’s casino gross gaming revenue (GGR) in the first quarter of 2022, at nearly MOP12. The Macau government estimates the city’s 2023 casino gross gaming revenue (GGR) will be MOP130 billion (US$16. The Macau government is, “for now”, keeping its estimate for the city’s 2023 casino gross gaming revenue (GGR) “unchanged” at MOP130 billion (US$16. according to sources spoken to by GGRAsia. May 01, 2023 Newsdesk Latest News, Macau, Top of the deck. Macau GGR in 2019 was MOP292. An event branded “Asian IR Expo + G2E Asia 2023” is to be held from July 11 to 13, at the Venetian Macao, run by Sands China Ltd, a unit of Las Vegas Sands. Macau’s unemployment rate, and the resulting social pressure, could potentially result in “instability” regarding the city’s security, said the Office of the Secretary for Security in its first-quarter crime report. The police did not confirm Mr Chan’s identity, but according to several media outlets, the man detained is Tak Chun’s boss. 1 percent from. The institution hosted in Singapore, Ted. Proposed new licensing terms and regulatory requirements for Macau’s authorised junket entities, known locally as gaming promoters, will make it harder for them to conduct business, suggested respectively a junket trade group leader, and two gaming lawyers, in. Prior to Covid-19, Macau was overwhelmingly a Chinese tourism market, with mainland China and Hong Kong accounting for 89. Despite posting strong revenue growth in the first quarter, Macau names are likely to wait for further improvement in their respective leverage ratios. The number of tourist arrivals to Macau during the five-day period encompassing the Ching Ming Festival and Easter stood at above 404,000, according to data released by the city’s Public Security Police. Jan 21, 2015 Newsdesk Latest News, Macau, Top of the deck. Angela Hanlee, Bloomberg Intelligence senior gaming and hospitality analyst, said on the same podcast: “We now expect Macau’s gross gaming revenue this year to reach 52 percent of pre-pandemic levels, from our previous forecast of 42 percent. 9 percent sequentially on May’s MOP3. As of midnight on Tuesday, Covid-19 cases in the latest outbreak that began on June 19, had risen to 1,087, with 146 cases in the preceding 24 hours. 34 billion, and down 62. A Monday note from brokerage Sanford C. Industry competition as well as the policy directives of the Macau government, are driving the city’s casino concessionaires to increase the amount and variety of their non-gaming entertainment, suggests a local gaming scholar in comments to GGRAsia. Macau cancelled with effect from January 8 this year, most of its travel restrictions related to the Covid-19 pandemic, dropping all testing requirements for inbound travellers from mainland China, Hong Kong and. 1 billion) and HKD50 billion, the management of the venue’s promoter, Galaxy Entertainment Group Ltd, has told banking group Morgan Stanley during an online conference for the investment community. Data from Macau’s casino regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ, indicate that the city’s gross gaming revenue (GGR) from Texas Hold’em reached a modern-era record of MOP446 million (US$55. “In the current environment, confidence in economic conditions will. 8 percent quarter-on-quarter, according to data released on Monday by the. The announcement followed a Monday dinner. Casino junket operators in Macau will each have to pay a guarantee of MOP1. Andy Wu Keng Kuong, president of the Macau Travel Industry Council, said it was “crucial” to the prospects of strong business for the upcoming Mid-Autumn Festival and. (Updated 6. That is according to casino industry veteran Niall Murray, who now chairs. 6 percent year-on-year in the first six months of 2017, according to the interim report of Macau. In a written reply to GGRAsia, MGTO confirmed that the MOP600-million budget covers promotional offers for “package tours, flights and hotel stays” in Macau. ”. Macau’s November casino gross gaming revenue (GGR) fell by 23. 57 billion in May. China has recorded this week. Judged year-on-year, November’s tally was a 55. 4 percent year-on-year in real terms in the third quarter of 2022, according to official data. The licences had been due to expire on June 26, but were extended as the Macau authorities work to prepare a fresh public tender. The number of junket rooms in Macau casinos fell 10 percent year-on-year in 2013 – to 220 from 243 in 2012 – according to data collected from private sources by Carlos Siu Lam (pictured), associate professor at the Gaming. Macau VIP gaming promoter Gold Moon Group has suspended all VIP operations at the Wynn Macau casino resort, following the closure of its sole remaining room there, GGRAsia has learnt from some of the junket firm’s staff and from local casino labour group, Forefront of Macao Gaming. 8 billion) between them over the course of the new 10-year permits. Chinese savers to aid Macau if confidence surges, says CBRE. That would imply a daily run-rate of MOP640 million-plus, which would be “well. 3 million Chinese visitors) in 2018, a small group of VIP and. The possibility of a fresh fiscal stimulus package by authorities in mainland China could help push up the valuations of Macau casino stocks. Group tours from the. 3 percent from MOP15. e. 5 million), versus. 90 billion. Macau has dethroned London this year as the city with the most Forbes five-star hotels in the world, according to the 2023 Star Awards by Forbes Travel Guide. Jun 01, 2023 Newsdesk Latest News, Macau, Top of the deck. 0, issued earlier this year. Macau’s visitor tally in May was down 2. That would imply a daily run-rate of MOP450 million, stated the brokerage in a Monday memo. Macau says it is planning to reopen gradually to foreign travellers from certain countries that meet the city’s health authorities’ Covid-19 criteria. JP Morgan Securities (Asia Pacific) Ltd estimated in a Monday note – based on its own checks – that last week’s GGR run-rate in Macau was a “strong” MOP300 million. 4 percentage points when compared to June, stated the Macao Government Tourism Office (MGTO) in a Monday press release. The data was released on Saturday by the local regulator, the Gaming. 3 percent year-on-year, to HKD711. Macau-based casino operator Galaxy Entertainment Group Ltd announced on Monday that its new Galaxy Arena is to host in May two concerts by South Korean girl group Blackpink. Local legislator Chan Chak Mo made the announcement on Monday on the. Challenges remain for Macau’s casino and tourism sectors in the final period of this year, as would-be visitors to the city remain cautious regarding their travel plans due to an ongoing Covid-19 outbreak in mainland China. March GGR was MOP3. Macau to reopen gradually, Covid curbs to stay: secretary. 38 billion) in the first 21 days of May, estimated JP Morgan Securities (Asia Pacific) Ltd, citing its own checks. Members of Macau’s Legislative Assembly approved on Tuesday, via a second-reading debate and final vote at a plenary meeting (pictured), a government-backed bill to revise the city’s gaming law. The revised forecast was published on Wednesday by UM’s Centre for Macau Studies and its Department of Economics. 74-billion in March. Goldman Sachs said that in the context of market rivals recently adding new hotel product in the Cotai district, then the 450 Raffles-branded suites would help. Macau September GGR up 35pct m-o-m: govt. According to. A Singapore edition of G2E Asia had been held in 2022, when the. The plan was announced by Wong Weng Man, acting chief of the Health Promotion Division of the Health Bureau, during a Thursday press. 5 billion (US$556. The announcement was made via a social media post. The tally for the four months to April 30 already beat the aggregate GGR for last year. 5 billion (US$1. Though he added that was because such credit issuance had dramatically reduced in the Macau market. Macau’s average daily volume of inbound visitors had been circa “16,000″ between Thursday November 17 and Sunday November 20, when the city hosted the Macau Grand Prix meeting, said this Thursday a senior Macau tourism official. . One Central adjoins the MGM Macau casino resort run by MGM China Holdings Ltd, but the latter property is not affected by the closure. 4 percent year-on-year, coinciding with travel and other restrictions applied for most of the year up to mid-December, under China’s now-discontinued ‘zero-Covid’ policy. The forecast, announced during November’s discussion in Macau’s Legislative Assembly of the 2023 fiscal year budget proposal, was reaffirmed on Thursday by the head of the. 12 billion) in the first four months of 2023, up 141. As of February, Macau had a total of 38,839 operational guest rooms via an aggregate of 126 hotels and inns, according to information provided by Macao Government Tourism Office (MGTO) to GGRAsia. There will be on August 16 a ‘soft’ opening to the public for the new all-suite Raffles at Galaxy Macau hotel (pictured), meaning the general public will be able to stay or use food and drink outlets from that date. “Macau has to follow China’s dynamic zero-Covid-19 policy,” stated Mr Ho, seen centre left, earlier in the day at the city’s Legislative Assembly. Macau junket investor Meg-Star International has announced a new brand image that it says aims to represent the diversified portfolio of businesses of the group. The analysts said they expected that any potential impact from a “pure economic recession” on Macau would be. Macau’s September casino gross gaming revenue (GGR) rose by 35. 72 billion in April. She added that the. Macau’s Executive Council, an advisory body to the city’s Chief Executive, stated that there would be a maximum of six concessions, under the government-backed. The year closed with December GGR that slipped 13. During the conference call, Melco Resorts’ management noted that, since the start of the Covid-19 pandemic, there had been a significant decline in VIP play at Altira. Mr Wu, of Macau Travel Industry Council, told GGRAsia he was still hopeful regarding the prospects for easing Covid-19 testing rules for visitors from mainland China ahead of the National Day break. 7 billion (US$13. GGRAsia understands from sources that Melco Resorts also has foreigner-only gambling space at its wholly-owned Macau flagship City of Dreams, also on Cotai. GGRAsia asked Reed’s Mr Yip at Tuesday’s media briefing, whether a Singapore G2E Asia and a Macau G2E Asia would be held in the same year in future, and with the same demarcation of content. Casino GGR reached MOP14. 1 percent in the first 15 days of July, up by 8. The chairman of the Macau committee tasked with vetting bidding firms said on Thursday that he hoped the process could be completed this year, in time for the new concessions to start on January 1, 2023. January GGR was MOP11. GGRAsia’s occupancy survey drew on information collated from the official booking websites of the relevant casino-resort hotels located on Macau peninsula and Cotai. The Macau casino industry’s recovery could see “another leg up” to complement this year’s increase in visitor volume, when “Chinese consumers regain enough confidence to tap into the excess savings accumulated during the pandemic,” says a Tuesday note from CBRE Securities. Dividend restart still far for Macau ops: JP Morgan. 9 percent year-on-year in March, to just under MOP12. 19 billion, according to government data released on Saturday. 1 percent compared to the daily average number of visitor arrivals recorded in full-2022, stated the tourism office. Macau new normal to hurt grind mass most: MS. A Global Gaming Expo (G2E) Asia casino trade event is to be held in-person in Macau this year; the first one since the. 2 percent of all casino gross gaming revenue (GGR) in the period. 8 billion (US$14. The tourism body said the hotel occupancy improvement showed that a recovery in the city’s travel trade was in. After a three-year gap due to the Covid-19 pandemic, a G2E Asia-branded trade event for the casino industry returns to Macau starting today (Tuesday, July. They argue however that such a payment would be justified, as their members. Macau’s tourism authority aims to subsidise package tour travellers drawn either from overseas, or Hong Kong or Taiwan, at a rate of MOP350 (about US$43) per head if they stay one night, or MOP500. 08 billion). Apr 20, 2022 Newsdesk Latest News, Macau, Top of the deck. The Macau government secretary in charge of health matters said on Tuesday that the city authorities were studying a way to ease further the. Macau’s Civil Aviation Authority has already authorised the resumption of weekly scheduled flights between the city and several Southeast Asia cities, according to a notification. A senior gaming and hospitality executive told GGRAsia regarding current market. The mass-market segment generated just above MOP8. Macau’s casino gross gaming revenue (GGR) contracted 3. 72 billion (US$1. Macau’s casino operators might – on the basis of non-exclusivity for Macau SLOT – “also be allowed to bring in some kind of sports betting in their. 88 billion) in June, down 2. 36 billion (US$6. That is according to a note from U. After a three-year gap due to the Covid-19 pandemic, a G2E Asia-branded trade event for the casino. In full-year 2022, Macau recorded a total of 5. Lionsgate theme park opens next door to Macau. The annual revenue performance was. 3 percent year-on-year in real terms in the second quarter of 2022, according to official data. The average occupancy rate for Macau’s available hotel rooms during Easter season was 86 percent – up 52 percentage points on Easter 2022, when Covid-19 travel restrictions applied – confirmed Macao Government Tourism Office (MGTO) in a statement to GGRAsia, citing industry data. The amendments to the gaming law were approved by the 32 legislators present at the. The need for a face mask – introduced previously to counter the spread of Covid-19 –. 93 billion) in May, up 5. The Raffles at Galaxy Macau hotel tower (pictured), part of Cotai’s Galaxy Macau Phase 3 project, is already welcoming guests, GGRAsia has learned. “This also implies that last week’s run-rate improved week-on-week to over MOP370 million a day. Macau tracks best monthly GGR since Jan 2020: JP Morgan. The local authorities did not provide any year-on-year comparison. The suspension was with effect from Saturday, May. For the first nine months of this year, visitor arrivals at Macau’s airport tallied only 346,929, down nearly 88 percent year-on-year, according to the latest available. The news came as Macau was in the midst of three days of mandatory home-testing for every citizen, following a number of Covid-19 infections. The updated aggregate was given by the Macau government on Sunday evening, according to public broadcaster TDM. 3 million) from August’s nearly MOP2.