Macau’s imports of motor cars and motorcycles dropped by 53 per cent year-on-year… Mobile phone imports fell by 50.5 per. Imports of watches decreased by 42.3 per cent. Gold jewelry imports declined by 24.7 per cent to 2.17 billion patacas.
Monthly Archives: June 2016
Visitors on package tours totaled 541,000 in May, down by 34.2 percent year-on-year and 8.5 percent month-to-month, according to information from the Statistics and Census Service (DSEC). Package tour visitors from mainland China (420,000) tumbled by 36 percent year-on-year. Similarly, those from South Korea (26,000) and Taiwan (29,000) dropped by 29.6 percent and 40.9 percent, respectively.
More than 160 work contracts were signed by Macau residents during a recruitment fair offering non-gaming jobs at local casino operator Sand China Ltd, including ones at the company’s new Cotai property, the Parisian Macao… The Parisian Macao is set to open in September. Approximately 900 vacancies across 80 types of job positions were available at the recruitment fair.
MGM Grand Paradise, S.A. and Venetian Macau, S.A. are to pay tourism tax they owe, according to a statement by the courts. The cases follow the Galaxy being ruled by the courts to pay back their tourism tax. MGM Macau was notified to pay back around MOP6.75 million (US$844,600) owed for the year 2009; Venetian was told to pay back around MOP14.09 million owed for the year 2011.
Kingston Financial Group Ltd reported that gaming revenue from two Macau casinos it controls fell by 30 percent year-on-year in the 12 months to March 31, 2016. Gaming revenue for the period declined to approximately $59.6 million… The decline in gaming revenue also led to lower commissions paid as an incentive to attract customers, the firm said. Gaming commissions fell 24.2 percent year-on-year.
A final draft of a casino law has been submitted to the Vietnamese government which, if approved, could lift the ban on Vietnamese nationals gambling on their home turf – a move that some casino operators in the Cambodian border town of Bavet say could be a knockout blow to their struggling operations… Lim Kim Seng, chairman of Lucky89 Group, which operates two casinos along the Vietnamese border, said its passage would deeply undermine Bavet’s allure to Vietnamese gamblers. “We have been worried about this law for a long time and we hope that the Vietnam government won’t let its [citizens gamble on home soil], as this would dramatically affect our business,” he said.
Following the submission of the final draft of a casino law to the Vietnamese Government earlier this week which, if passed, could lift the ban on Vietnamese nationals gambling within the country… So far, the draft of the bill has been kept tightly under wraps but Vietnamese media reported that opening up the legalities could lead to around $800 million annually… The casino decree could be issued as early as July 1, notes the publication.
AFL clubs and the Melbourne Racing Club are circling 70 poker machines set to be sold by the Western Bulldogs. The Dogs are offloading the machines after a proposed pokies development in Maribyrnong went belly-up. Geelong has inquired about buying the machines, sources have now revealed. At least one other club is also believed to be interested.
Regulations designed to legalize gambling in Brazil will come before a special government committee next week. Casinos, bingo and the operation of slots and video bingo machines are among the regulations which have been published on the Chamber of Deputies website. Each state in Brazil will be able to set up its own lottery and bingo halls will be permitted for the first time in years since they were closed down. Racetracks and football stadiums with a capacity of 15,000 will also be permitted to run bingo.
Mendoza’s government decided not to extend the concession of three casinos in the province due to pure income and inability to meet the gaming board’s objectives. The three casinos shut down in Mendoza because they were not successful enough to attract tourism and to generate the income.