Monthly Archives: May 2017

April visitors rise 11 percent to 2.7 million

Date

May 31, 2017

Author

none

Source

Macau News

Region


Subject

Macau

URL

https://macaunews.mo/april-visitors-rise-11-percent-2-7-million/

Macau’s number of visitor arrivals rose 11 percent year on year to 2.74 million. Overnight visitors (1.4 million) and same-day visitors (1.3 million) increased 17.7 percent and 4.4 percent. . Overnight visitors stayed an average of 2.1 days. Mainland visitors increased 7.1 percent year on year to 1.76 million in April. Guangdong residents accounted for 41 percent of all mainland visitors.

Hotels driving up the job market

Date

May 31, 2017

Author

Sheyla Zandonai

Source

Macau Business

Region


Subject

Macau

URL

http://macaubusiness.com/hotels-driving-job-market/

Employees across a variety of sectors in Macau kicked off the year by earning more than in the first quarter of last year, the hotel sector employed the largest number of full-time personnel (54,439) in the city, having also hired more workers than any other sector examined during the period, up 9.7 per cent year-on-year.

Macau hotel occupancy up 6.4 points yr-on-yr in April

Date

May 31, 2017

Author

none

Source

GGRAsia

Region


Subject

Macau

URL

http://www.ggrasia.com/macau-hotel-occupancy-up-6-4-points-yr-on-yr-in-april/

The total number of guest check ins at Macau hotels and guesthouses reached nearly 1.08 million in April this year, an expansion of 17.3 percent on the prior-year period. The average occupancy rate of Macau hotels and guesthouses also increased 6.4 percentage points year-on-year to 86.1 percent in April.

Only at Altira

Date

May 31, 2017

Author

Kelsey Wilhelm

Source

Macau Business

Region


Subject

Macau

URL

http://macaubusiness.com/only-at-altira/

Property President of Altira Macau and Mocha Clubs, Andy Choy, reveals a pragmatic approach to the future evolution of the ’boutique’ hotel and the more mass market slot club. MSAR is “moving away from the VIP more towards the mass market,” Choy points out that Melco’s forte is in “accentuating the differences” between properties and “not the similarities”. “We’re trying to make each property as different from the other as possible so that we can actually segment the market and so, as a customer, you’ve got your canonical property, the one you feel most at home in”.

Ministry gets authority to grant casino licenses

Date

May 31, 2017

Author

none

Source

Asia Gaming Brief

Region


Subject

Vietnam

URL

http://agbrief.com/news/ministry-gets-authority-grant-casino-licenses

Vietnam’s Ministry of Finance has been given the authority to grant casino and gaming service licenses, starting from March this year. Under the decree, eligible investors wishing to invest and operate in services, tourism and entertainment businesses with casinos must invest a minimum capital of US$2 billion and submit plans to manage the negative impacts of casino operations.

Japan sees regular license renewal system for casinos

Date

May 31, 2017

Author

none

Source

Asia Gaming Brief

Region


Subject

Japan

URL

http://agbrief.com/news/japan-sees-regular-license-renewal-system-casinos

Japan’s government plans to strictly screen casino operators through licensing and those who win a permit will be required to renew them periodically. Also, to prevent members of yakuza organizations and other antisocial forces from getting involved in the casino business, the draft stipulates that thorough probes will be carried out, focusing on such factors as business relationships of the operators.

Melco’s Lawrence Ho on Reasons for Split with James Packer’s Crown

Date

May 31, 2017

Author

Daniel Shane

Source

Barron's

Region


Subject

Australia, China, Macau

URL

http://www.barrons.com/articles/melcos-lawrence-ho-on-reasons-for-split-with-james-packers-crown-1496211736

Melco International Development’s (200.HK) Lawrence Ho shed some light on the Macau gaming giant’s split from James Packer’s Crown Resorts (CWN.AU) in an interesting interview piece with the Financial Times… “James Packer and myself are still great friends,” he said. “But my view and his view on China and the world was different at that time. I wanted to double up and he wanted to focus more on his domestic Australian assets.” Melco is moving ahead with its own expansion plans, which include seeking a casino license in Japan.

Sun International to hike stake in Latin American venture

Date

May 31, 2017

Author

none

Source

Reuters

Region


Subject

Chile

URL

https://www.yahoo.com/news/africas-sun-international-raises-stake-sun-dreams-104159879--sector.html

Sun International said it would raise its stake in Latin America-focused Sun Dreams to almost 65 percent from about 55 percent in its bid to expand its gaming and hospitality business abroad. Stiff competition, fewer available casino licences and consumers feeling the pinch in Africa’s most industrialized nation have pushed the gaming group to broaden its horizons… would buy the 19.3 percent stake in Sun Dreams held by Chile’s Entretenimientos Del Sur Limitada (EDS.

Paddy Power – Corbyn hits lowest price for General Election victory

Date

May 31, 2017

Author

Ted Menmuir

Source

SBC News

Region


Subject

UK

URL

https://sbcnews.co.uk/retail/2017/05/31/paddy-power-corbyn-hits-lowest-price-general-election-victory/

Paddy Power Politics has informed that Labour Party leader Jeremy Corbyn appears to have turned the tide on PM Theresa May as ‘Jezza and Labour are proving to be a hit with punters’. Entering the last 8 days of campaigning, Paddy Power has shortened Corbyn’s odds on becoming the next UK Prime Minister to 9/2.