Secretary for Security Wong Sio Chak said in the legislature’s hemicycle yesterday that the government will require nationals from six countries to submit a certificate of non-criminal record when applying to work in Macau… Vietnam, Bangladesh, Nepal, Nigeria, Pakistan and Sri Lanka.
Monthly Archives: November 2017
Low cost carrier Air Asia took off on its first Macau-Johor Bahru flight yesterday, marking the company’s seventh international destination from Macau, reaching a total of 76 flights departing from Macau International Airport every week… the company’s second Malaysia-Macau route, with the capital Kuala Lumpur having been the first in 2004, and now Johor Bahru, Malaysia’s second biggest city.
The Macau balance of trade posted a year-on-year increase of 1.512 billion patacas between January and October to 51.131 billion patacas (US$6.391 billion). The deficit recorded during the first 10 months of the year was due to exports totalling 9.368 billion patacas, a year-on-year rise of 10.3%, while imports amounted to 60.499 billion patacas, an annual increase of 4.7%.
Sands China Ltd. recognized the second group of local SME suppliers to graduate from the Sands Procurement Academy yesterday, with a ceremony at The Venetian Macao’s Adelson Advanced Education Centre. Sands China inaugurated its Sands Procurement Academy in June… an initiative to develop suppliers by sharing business knowledge and skills, helping them gain experience and capacity for working with large-scale international customers like Sands China.
MGM China Holdings Ltd is likely to see during 2018 the highest growth in EBITDA among Macau’s six casino licensees and might also outperform the market in that regard during 2019… They also stated that market rival Wynn Macau Ltd’s EBITDA grew 82 percent year-on-year in the third quarter 2017, a year after opening its Wynn Palace project on Cotai in August 2016. “We expect MGM [China] to follow the same path,” said the analysts.
Amax International Holdings posted a narrowed net loss of HK$13.9 million (US$1.8 million) for the six months ended September 30, 2017. Total revenue in the six month period grew 156.3 percent to HK$10.5 million in the half year, mainly attributable to revenue derived from its gaming operations in Vanuatu.
Spectrum Gaming Group says it expects a “battle” lasting up to two years to determine the respective recipients of possibly three Japan casino licenses; even after that country’s Integrated Resorts (IR) Implementation Bill is in likelihood passed next year. “After a decade of debate and missed opportunity, casino gaming in Japan is expected to be legalized in 2018. A battle is then anticipated over the following one to two years between international operators and domestic corporations for one of the three expected licenses,” stated Spectrum in its “Top 10 Gaming Industry Trends for 2018” published on Tuesday.
High rollers from China are on their way back to Australia casinos. Morgan Stanley analysts, who recently met with casino and junket operators in Macau, say the Chinese VIP market is in recovery across Macau, the Philippines and Australia. “The resurgence has been driven by a solid Chinese housing market, improving junket balance sheets and cash flows providing credit to customers,” the analysts write in a note to clients.
South Australia Deputy Premier John Rau said he has received “disturbing” reports of online gambling providers enticing children and other vulnerable people to gamble. Mr. Rau said some online gambling companies are sending unsolicited advertisements and offering incentives to individuals while not obtaining proof of age information before signing up customers. “We have unsolicited bait advertising, cold canvassing and no proof of age or identity being required to commence betting. Imagine if this were the case with tobacco or alcohol,” he said, quoted by Adelaide Now.
The UK Advertising Standards Authority (ASA), has ordered Paddy Power to cease the use of its latest casino advert, after complaints were received that it implied that it was acceptable to gamble in the workplace. The advert, which received two complaints in total, was revolved around a casino security guard who sings to the tune of “Papa Loves Mambo” whilst playing on Paddy Power Casino on his mobile device.