The number of visitors to Macau travelling on package tours rose to 957,000 last month, 23 percent more than a year earlier …The number of package tourists from the mainland rose by 31 percent to 771,000.
Monthly Archives: May 2014
Upon reviewing current gaming concessions in 2015 and 2016, the government will demand more action on social responsibility from casino operators, Secretary for Economy and Finance Mr Francis Tam revealed yesterday in the Legislative Assembly (AL) plenary session. Following a spoken enquiry delivered by lawmaker Lei Cheng I, various fellow legislators urged the government to elaborate on measures needed to tackle social pressures triggered by a growing number of non-resident workers.
Malaysian-based conglomerate Genting Bhd, which controls one of the world’s most profitable casinos in Singapore, reported a 25 percent rise in first-quarter net profit due to higher volumes in its gaming business. Net profit climbed to $154.4 million…Revenue rose 20 percent year-on-year.
Japanese Prime Minister Shinzo Abe is set to tour Singapore’s two lavish casino resorts on Friday as his home country toys with the idea of liberalizing casino gambling to boost tourism and attract investment. Japan, home to 128 million people and the world’s third largest economy, is widely seen as a prize market for casino operators due to its affluent population and close proximity to wealthy Asian gamblers in the region.
Union Gaming Research Macau says a split in one of the political parties that has thrown its weight behind the bill to make casino gambling legal in Japan may weaken support in parliament for legalization which has already been delayed. The research house says it is increasingly unlikely that the country’s first casino-resorts will open in time for the Olympic Games in Tokyo in 2020.
A BILL critical for efforts to legalize casino gambling in Japan failed to get on parliament’s agenda this week, jeopardizing a long-running effort to launch a potential $US40 billion ($43bn) industry. Lobbyists and politicians said they now believed it would be nearly impossible for the bill to get passed during the current parliamentary session, which ends on June 22…Toru Mihara, an adviser to the 200-member bipartisan group pushing the bill, said he remained optimistic the bill would still be passed, just “not in the near future”.
Queensland is considering giving two Chinese state-owned firms the right to build casinos in Brisbane and the Gold Coast, a month after Prime Minister Tony Abbott signaled a change of heart on Chinese government-owned firms investing in Australia. During the August 2010 election campaign, the then-opposition leader said he was concerned about sovereign wealth funds buying shares in Australian businesses. “A Chinese business is much more an arm of the Chinese government than an Australian business would normally be an arm of the Australian government,” he told the National Press Club in Canberra. But during an April visit to Shanghai as prime minister, he hailed Chinese state-owned enterprises as having a “highly commercial value”, telling business and political leaders he wanted to make it easier for them to do commerce.
James Packer is open to doing business deals in China with fellow billionaire and close friend Kerry Stokes after the pair recently accompanied Tony Abbott on a landmark trade mission to the world’s fastest-growing economy. In a wide-ranging interview with The Australian ahead of the Australia in China’s Century Conference in Melbourne today, Mr Packer also revealed that he would like to involve his Asian gaming partner Lawrence Ho in any expansion by his RatPac Entertainment business into China.
Commerce Minister of Cyprus, George Lakkotrypis, stated recently that Cyprus will be able to issue licenses to land-based casinos no later than April 2015. He hopes that a bill will be introduced to the legislature this month. While the northern side of Cyprus, under Turkish control, has been issuing casino licenses for years, the southern side of Cyprus, under Greek control, has been forbidden to by law. This was mostly due to opposition from the Greek Orthodox Church as well as fearful notions of southern Cypriots about the social dangers of gambling.
Bulgaria’s gambling regulator has added another five names to its list of prohibited online gambling operators, pushing its naughty list to over 150 domains…Swedish operator RedBet Gaming’s Heypoker.com and Whitebet.com sites, while fellow Swedes Cherry AB found their EuroSlots.com domain embroidered with Bulgaria’s scarlet letter. Casinoluck.com and NextCasino.com were also added for either offering services in the Bulgarian-language or directly marketing to Bulgarian punters without a Bulgarian license…Bet365 has officially applied for a license…Assuming its application is approved, Bet365 would become the country’s sixth official online gambling licensee, joining the likes of Betfair and PokerStars.