Posts

Showing posts from February, 2023

To direct VIP and premium mass

Image
jan24 The companies haven’t yet announced their results, so it’ll be very intriguing to see how that individual split happened. What are your expectations for what they’re going to be telling us? I think if we focus overall, we see the  overall gross gaming revenue reached MOP183 billion in 2023 , a remarkable comeback – 62 percent of the overall GGR in 2019, which is really great. But one little fact in there, that I think is really staggering, is that 87 percent of that was mass. And, that’s really showing a huge shift in wha t was going up, as we saw, and now we’re at a 75 percent/25 percent mix. And that’s something that the government always wanted, and it’s something that was accomplished very quickly. Now, that takes a lot of people, but we’re at a far lower percentage, we’re only at 71 percent of the visitation. We did that with 29 million versus close to 40 million. So, it’s a really big shift. You’re talking about a lot more – as we used to call – wear on the carpet to earn t

Fiscalização do Governo

feve24 Macau’s six casino concessionaires have again been exempted from paying complementary income tax on the profits of their gambling operations. The latest exemption covers the period January 1, 2023 to December 31, 2027, according to a Macau government dispatch published on Monday. The dispatch was signed by Macau’s Chief Executive, Ho Iat Seng, on January 29. The starting date for exemption coincides with the January 1, 2023 beginning of the operators’ respective new 10-year concessions. https://www.ggrasia.com/macau-ops-waived-income-tax-on-gaming-op-profits-govt/ nov23 (compreensão) he Chief Executive of Macau, Ho Iat Seng, told the Legislative Assembly on Wednesday that the non-gaming investment programs of Macau’s six concessionaires would not be effective immediately, and appealed to the community to give them time to do so. During a question-and-answer session on the government’s 2024 Policy Address held at the Macau Legislative Assembly on Wednesday, Councilor Ron Lam aske

Turismo de saúde

 fev23 Macau quer que concessionárias de jogo promovam  resorts  com projetos ligados à saúde, disse esta segunda-feira o Governo na apresentação das Linhas da Ação Governativa (LAG) para 2023 para a pasta dos Assuntos Sociais e Cultura. “ Serão promovidos os  resorts  de grande escala de Macau para desenvolver projetos e produtos turísticos orientados para a saúde , de modo a contribuir para o desenvolvimento do turismo de saúde”, disse a secretária para os Assuntos Sociais e Cultura, Elsie Ao Ieong U, na Assembleia Legislativa. https://observador.pt/2022/11/28/macau-quer-operadoras-de-jogo-a-promover-turismo-de-saude/

Tailândia

 Fev23 Under Thai Law ( Gambling Act BE 2478 (1935) ), gambling is  illegal  even though the Kingdom permits betting on  horse races , a government-sponsored  lottery , on some  Muay Thai fights . For a long time (at least a decade in terms of public political discussion), there have been rumours of the impending legalization of casino gaming in Thailand. Some nearby countries – Laos, Cambodia, Malaysia, Singapore – already legalized it in order to attract foreign tourists, to diversify the touristic products available and to increase government revenue. On January  12, Thailand House of Representatives approved (by an overwhelming majority) a  report  prepared by a special House committee studying the feasibility and economic value of the legalization of gaming in Thailand, including allowing integrated resorts (IR) (“mixed-use entertainment complexes”) with casinos. The report has a comprehensive nature, covering not only several modalities of gaming to be eventually legalized but al