Retendering21-22

 fev26 The average nightly cost of a Macau five-star hotel room in January was MOP1,522.5 (US$189.0), down 2.9 percent year-on-year, while the average occupancy rate for the tier was 95.8 percent, up 0.8 percentage points from a year ago. That is according to the latest monthly survey from the Macau Hotel Association, published by the Macao Government Tourism Office. The survey figures were drawn from the 48 hotels that are members of the association, 27 of them five-star properties. Most of those five-star hotels are within casino resort complexes in the city. The rest of the association’s hotel members as of January were in either the four-star or three-star category: a few in casino resorts. Average nightly cost for all categories of hotel rooms covered by the survey declined by 3.8 percent year-on-year, to MOP1,359.4. Across the whole of 2025, the nightly cost of a Macau five-star room  fell 5.0 percent  year-on-year, to MOP1,513.5. Five-star accommodation dominates M...

fev26 GEG LUXO Galaxy Entertainment Group  is doubling down on entertainment and ultra-luxury is its cornerstone going forward, with recent openings of premium-focused hotels and offerings catering to more demanding customers. “Going forward […] the super premium mass market is the focus of our competition […] because people coming to Macau do not just want to gamble. We need to provide good F&B, good concerts to attend, retail, etc,” noted   GEG Chairman Francis Lui   at a media briefing for its   annual results   on Thursday. https://agbrief.com/news/macau/26/02/2026/ultra-luxury-and-super-premium-the-focus-of-galaxy-going-forward-management/?utm_source=Asia+Gaming+Brief&utm_campaign=02bb02de7b-AGB%3A+%2302334+Friday%2C+27th+February%2C+2026&utm_medium=email&utm_term=0_51950b5d21-02bb02de7b-%5BLIST_EMAIL_ID%5D&ct=t%28AGB%3A+%2302334+Friday%2C+27th+February%2C+2026%29&goal=0_51950b5d21-02bb02de7b-%5BLIST_EMAIL_ID%5D&mc_cid=02bb02de7b...

 fev26 Macau recorded a new all-time high in entries and exits at the borders of the SAR ten days ahead of the Lunar New Year—the world’s largest annual migration—authorities announced on Sunday. Macau’s Public Security Police (PSP) said the SAR’s borders registered around 867,000 crossings on Saturday, the highest number since daily records began. In a statement, the PSP said the largest share of movements (39.1 per cent) was attributed to tourists. Macau, the world’s casino capital, received around 174,000 visitors on Saturday, still well below the daily record of 188,000 set on 2 January. Meanwhile, Macau residents accounted for 36.7 per cent of border crossings, while migrant workers represented 21.6 per cent. According to PSP data, the territory’s largest checkpoint, the Border Gate, was also the busiest, with nearly 463,000 crossings—the highest daily figure in the past five years, since the start of the Covid-19 pandemic. In neighbouring Hong Kong, the Secretary for Culture,...

fwv26 A “new phenomenon” in the Macau casino market is that “even ahead of a holiday” there is “no slow period,” said Kenneth Feng Xiaofeng, chief executive of Macau operator MGM China Holdings Ltd. He was speaking on Thursday on the call of the parent, MGM Resorts International, to discuss the fourth-quarter earnings of the whole group. On Wednesday the parent had reported MGM China’s net revenue for the three months to December 31 as having  climbed 21.4 percent  year-on-year, to just under US$1.24 billion. The Macau unit had adjusted earnings before interest, taxation, depreciation, amortisation and rent (EBITDAR) of just under US$332.3 million for the reporting period, an increase of 30.5 percent from the same quarter a year earlier. Mr Feng was asked on the call about costs in the Macau market, business margins and the prospects for the upcoming Chinese New Year (CNY) break, a nine-day holiday on the Chinese mainland, that begins on February 15. The MGM China CEO stated: ...

fev26 WYNN Wynn Macau has managed to secure government approval to unveil the expanded section of its highest-tier lounge at Wynn Palace catering to the premium mass market. The latest development surrounding Chairman’s Club is according to its recent earnings call where management painted a sanguine picture for the Chinese New Year next week. EBITDAR for Q4 last year was down 7.5 per cent year over year to US$271 million (MOP2.2 billion). This figure missed brokerage J.P. Morgan’s projection of US$290 million to US$300 million. The shortfall was attributed to “weak VIP luck”, which resulted in a loss of US$16 million. However, when adjusted for hold, EBITDAR would have been US$287 million, up 2 per cent from a year earlier, analysts DS Kim, Selina Li, and Lindsey Qian wrote on Friday, noting that it was actually stable and in line with their estimate of US$285 million. “While management doesn’t adjust for mass holds, we note mass holds were unusually low at 19.6% (vs. ~21% in the past...

 fev26 Macao was elevated into one of the world's top tourism cities in terms of direct travel and tourism gross domestic product. This transformation was set in place in early 2000 with the liberalisation of the city's casino industry and the introduction of multiple casino-integrated resort complexes, many built along what would emerge as ‘The Cotai Strip’. This policy and tourism direction would propel the city into one of the richest cities globally, created by the substantial gaming revenues and tax to the government. Almost three years of COVID-19 restrictions would impact the city given its reliance on the casino and tourism industry. The renewal in 2022 of the six gaming concessions for ten years incorporated government directives on the need for the tourism industry to diversify beyond gaming and advance non-gaming tourism and leisure offerings to add to the tourism revenue mix. As the Greater Bay Area (GBA) evolves and connectivity advances between the GBA cities, a t...