Monthly Archives: September 2017

Ex-weather Macau chief’s retirement won’t affect graft probe

Date

September 29, 2017

Author

none

Source

Macau News

Region


Subject

Macau

URL

https://macaunews.mo/ex-weather-macau-chiefs-retirement-wont-affect-graft-probe-govt/

The retirement of former Meteorological and Geophysical Bureau (SMG) Director Fong Soi Kun won’t impact the ongoing investigation by the Commission Against Corruption (CCAC) into his controversial handling of killer typhoon Hato’s warning signals, the Secretariat for Administration and Justice said in a statement Thursday.

Tourism Master Plan: Macau could reach 40 million tourists by 2025

Date

September 29, 2017

Author

Renato Marques

Source

Macau Daily Times

Region


Subject

Macau

URL

http://macaudailytimes.com.mo/tourism-master-plan-macau-reach-40-million-tourists-2025.html

After two years of studies and public consultations, the Macau Government Tourism Office (MGTO) presented yesterday the Tourism Industry Development Master Plan, which aims to set the blueprint for local tourism sector development in the upcoming 15 years… The plan proposes that areas A, B and C of the new landfills be used to “develop iconic tourism facilities” included in the government plan to improve on facilities and adopt a more “family-friendly” approach to tourism in Macau… the number of hotel rooms could reach almost 52,000 by the same time, an estimated growth of 22 percent compared to 2016.

Neptune still recovering from Venetian termination

Date

September 29, 2017

Author

Sheyla Zandonai

Source

Macau Business Daily

Region


Subject

Macau

URL

http://macaubusinessdaily.com/Gaming/Neptune-still-recovering-Venetian-termination

Local junket Neptune Group Limited has issued a profit warning noting the group would continue to record a net loss attributable for the fiscal year ended 30 June, 2017 following the termination of two junket operations associated with the group in The Venetian. The group noted that ‘it expected that the intangible assets in respect of all junket business of the group would be fully impaired’ as a result of the termination of both agreements on December 30, 2016 and May 31, 2017.

Don’t blame the builder

Date

September 29, 2017

Author

Nelson Moura

Source

Macau Business Daily

Region


Subject

Macau

URL

http://macaubusinessdaily.com/Gaming/Don%E2%80%99t-blame-builder

Norwegian company Brova Idea AS has told Business Daily that they have been contracted to develop a floating structure with a hotel and casino to be docked in the MSAR but that they have no relationship with the US$500 million cryptocurrency initial coin offering (ICO) announced by one of its partners… The Dragon Pearl Casino Hotel and is expected to be set up in Macau in April 2020, with the cost of the project calculated at some US$300 million.

Macau may be set for its best Golden Week Holiday in years

Date

September 29, 2017

Author

Daniela Wei

Source

Bloomberg

Region


Subject

Macau

URL

https://www.cdcgamingreports.com/macau-may-be-set-for-its-best-golden-week-holiday-in-years/

The forecast for Macau’s upcoming holiday week looks pretty golden. Junkets flush with high rollers, full hotels charging five times their usual prices and brand-new entertainment options have the potential to make Golden Week the most lucrative in at least the past decade for the world’s biggest gaming hub, analysts and industry officials said. The calendar also helps: this year’s holiday period lasts eight days instead of seven, making it a “Super Golden Week.”

Johor to eradicate illegal gaming and gambling centres statewide

Date

September 29, 2017

Author

Ben Tan

Source

Malay Mail

Region


Subject

Malaysia

URL

https://sg.news.yahoo.com/johor-eradicate-illegal-gaming-gambling-centres-statewide-230600157.html

In an immediate response, police initiated checks and listed down more than 300 suspected illegal gaming and gambling centres statewide, but all were reported closed since yesterday… “We believe the premises closed due to the announcement by Bukit Aman on the impending nationwide blitz following a recent meeting between federal police, state police chiefs and state criminal investigations department (CID) chiefs on illegal gaming outlets in the country,” sources told Malay Mail yesterday.

Why Japan’s Abe is gambling on an early election

Date

September 29, 2017

Author

Isabel Reynolds

Source

Bloomberg

Region


Subject

Japan

URL

https://www.cdcgamingreports.com/why-japans-abe-is-gambling-on-an-early-election-quicktake-qa/

Japanese Prime Minister Shinzo Abe dissolved parliament to set the stage for an Oct. 22 election, testing his iron grip over the powerful lower house in the world’s third-largest economy. The 63-year-old Abe plans to stay in office if his coalition retains a simple majority – putting him on course to keep his job through 2020 and become the longest-serving leader in the country’s history. He’s facing a surprise test: A new party headed by Tokyo Governor Yuriko Koike sprang up to offer a last-ditch challenge.