Cumprimento das promessas e fim das obras (geral)

out23

Londoner phase 2

The full transformation of what used to be the Sands Cotai Central casino resort in Macau’s Cotai district into the Londoner Macao should be completed by early 2025, according to the management of Las Vegas Sands Corp. The latter is the parent company of Macau-based casino operator Sands China Ltd, which runs the property.

Las Vegas Sands had said in July that the US$1-billion phase two of the Londoner Macao property (pictured) was to be completed by 2026. According to an investor presentation published on Wednesday, the redevelopment is still scheduled to start next month, but completion has been move forward to around January 2025, on time for the Chinese New Year festive season, usually a peak season for Macau’s gaming industry.

https://www.ggrasia.com/londoner-macao-phase-2-ready-in-early-2025-sands/


set23

Andaz Macau marked its opening on Friday at Galaxy Macau. The hotel is the eighth property at the Cotai resort and follows the recently opened Raffles hotel. 

Hyatt’s Andaz brand has 28 properties spread across the world, from New York to Dubai and Tokyo. With more than 700 rooms and suites, the Macao property is the largest to carry the Andaz name.

https://macaonews.org/travel/andaz-hotel-galaxy-macau-macao/


jul23

The Macau Government has postponed the launch of its adjusted economic diversification plan to September, with a source saying the delay is due to gaming operators’ proposals not meeting the authorities’ requirements. The plan, already delayed, was set to be released in June.

https://agbrief.com/intelligence/deep-dive/26/07/2023/macau-postpones-launching-economic-diversification-plan-as-gaming-operators-proposals-disappoint/


Macau concessionaire Sands China has launched a three-day event called “The Macao Showcase” at sister property Marina Bay Sands in Singapore.

Running until Friday, The Macao Showcase aims to promote Macau as a premier tourism and MICE destination with sales and trade partners, regional and international media and Singapore residents all invited to take part.

https://www.asgam.com/index.php/2023/06/08/sands-china-promotes-macau-tourism-and-mice-via-three-day-the-macao-showcase-at-marina-bay-sands-in-singapore/



mai23

The government “basically” approves rejuvenation plans for the city’s older districts submitted by the six casino operators, Chief Executive Ho Iat Seng has been cited as saying by local media.

The comment was reportedly made by Chief Executive Ho Iat Seng at a press conference concluding the official visit of Xia Baolong, director of the Hong Kong and Macao Affairs Office of the State Council.

While in Macau, the national official visited the non-gambling elements at two local hotels and resorts. As seen from earlier reports, Xia visited a new convention and exhibition complex in Cotai.

https://macaudailytimes.com.mo/govt-approves-casinos-old-district-rejuvenation-proposals.html


mai23

SANDS

Dois anos depois de ter inaugurado, em Macau, a primeira fase do The Londoner, a operadora de casinos Sands China apresentou hoje a conclusão do projeto, com a presença do antigo futebolista David Beckham. Na nova sala de espetáculos, The Londoner Arena, com seis mil lugares, atuaram o pianista chinês Lang Lang, a cantora de Hong Kong G.E.M., e o vocalista Ayanga, da Mongólia Interior.

https://visao.sapo.pt/atualidade/mundo/2023-05-25-sands-china-apresenta-conclusao-do-projeto-the-londoner-em-macau/

Sands China, the local subsidiary of global gaming giant Las Vegas Sands, will invest “a lot more” into Macau than pledged under its new 10-year concession contract, the company’s Chairman and CEO, Robert Goldstein, has revealed.

Goldstein was speaking with US business media outlet CNBC ahead of last week’s launch of The Londoner Macao – a US$2 billion transformation of the former Sands Cotai Central. Sands China has also pledged to spend another MOP$30.2 billion (US$3.8 billion) during its current concession contract, of which MOP$27.8 billion (US$3.5 billion), around 92%, is planned to be in non-gaming initiatives.

Asked in a lengthy interview with CNBC to explain some of the company’s planned non-gaming investments, Goldstein replied, “It’s irrelevant because we pledged what we pledged, but we’re going to spend much more than that.

https://www.asgam.com/index.php/2023/05/28/robert-goldstein-sands-china-to-invest-a-lot-more-into-macau-than-pledged-to-macau-government/

The idea of a new hotel tower for Cotai Expo at the Venetian Macao casino resort would represent capital expenditure (capex) additional to the MOP30 billion (US$3.72 billion) pledged by Sands China Ltd as part of its successful bid for a new 10-year Macau gaming concession that began in January. That is according to Robert Goldstein (pictured), chairman and chief executive of the parent company Las Vegas Sands Corp, in an interview with GGRAsia.

Mr Goldstein said regarding the plan for the additional hotel: “We don’t have any approval yet to do that. It depends on the government’s willingness to let us invest in a new hotel. We’ve had those conversations: the government, they know our intentions, and we will wait for their advice.”

Asked if such a hotel would be part of the concession-investment package, Mr Goldstein stated: “No. Separate.”

https://www.ggrasia.com/cotai-expo-hotel-extra-to-licence-capex-says-goldstein/

 mai23

SANDS


Macau casino operator Sands China Ltd would like to build an extra hotel structure as part of a proposed expansion flagged in December, at its Cotai Expo meetings facility at the Venetian Macao resort (pictured).

That is according to a Wednesday report from Chinese-language news outlet Macao Daily News, indirectly citing Sands China’s president, Wilfred Wong Ying Wai.

The Cotai Expo expansion plan was now in its “preliminary design” stage, but included the idea of additional hotel rooms atop a circa 18,000-square-metre (193,750-sq.-feet) supplement to its capacity for meetings and conferences, Mr Wong was reported as saying.

https://www.ggrasia.com/sands-wants-extra-hotel-in-cotai-expo-expansion-report/


Maio23

GALAXY
As receitas líquidas da Galaxy, no primeiro trimestre do ano, foram de 7,05 mil milhões de dólares de Hong Kong, verificando-se um aumento de 72% em termos anuais e 142% em termos trimestrais. A concessionária prevê um maior crescimento nas receitas de jogo e na taxa de ocupação hoteleira no futuro a curto prazo devido ao fim das restrições e à inauguração de dois novos hotéis que fazem parte da 3.ª fase do projecto, gerando 900 novos postos de trabalho para residentes de Macau.

https://pontofinal-macau.com/2023/05/23/galaxy-promete-900-novos-postos-de-trabalho-para-residentes-apos-inauguracao-da-3-a-fase-de-expansao/


Comments

Post a Comment

Popular posts from this blog

RFID or smart chips (technology) smart gaming tables (AI)

Image
jan25 Galaxy is reportedly the second gaming operator in Macao to have completed its smart table rollout for mass baccarat, which is by far the  most popular form of gambling  in the SAR. That’s  according  to trade publication Inside Asian Gaming, which cited a note from Citigroup analysts sent on Monday. Analysts George Choi and Timothy Chau’s said an additional 74 smart tables were operating in Galaxy Macau’s “grind mass” area – using an industry term referring to low-stakes mass market gambling – while nine such new tables had appeared at StarWorld. “We believe Galaxy has become the second casino operator in Macao to have fully deployed smart tables for its mass baccarat operations,” they wrote. The concessionaire follows in the footsteps of MGM China, which has reportedly been the SAR’s most  proactive adopter  of radio frequency identification (RFID) technology. [ See more:   ‘Smart tables’ won’t mean less staff, Sands China’s vice chairman says ...
Read more

Macau faces unprecedented challenges in transitioning from gaming industry – University study

 jun23 Macau will face a complex and severe stress test in the future as it continues to transition away from a gaming industry supported by mainland Chinese high-rollers, a recent university study has pointed out. According to a paper jointly compiled by three scholars from the Shanghai Cooperation Organisation Research Institute, the Shandong University, and the University of Macau – Edmund Sheng Li, Zhang Anning, and Yin Yechang, the city will have to address a number of social issues “neglected because of the illusion of ongoing prosperity” brought about by the gaming industry that experienced explosive growth following the city’s return to Chinese rule. These issues, as the ‘A city profile of Macau—The rise and fall of a casino city’ scholars pointed out, are associated with political transformation, livelihoods, governance, and urban planning. The economic recession that accompanied the Covid-19 pandemic, as well as Beijing’s push for an overhaul of the gaming sector, have ma...
Read more

If Macau’s annual GGR reached or exceeded MOP180 billion...

Nov24  Gov’t predicts MOP240 bln in 2025 gross gaming revenue Macau’s government has forecast a total of MOP240 billion (US$29.7 billion) in gross gaming revenue for 2025, compared to MOP216 billion budgeted for the current year. According to the fiscal budget for next year presented to the Legislative Assembly, the authorities are looking to receive MOP121 billion in revenue next year, with expenditure expected to hit MOP113.38 billion – up about 7 per cent year on year. This will result in a surplus of MOP7.7 billion. Meanwhile, the government-initiated programme known as PIDDA is to cost about MOP19.78 billion. A higher GGR is expected to be achievable due to increased visitation amidst a transition in tourism and consumption modes, the budget says. There is an expected rise of 13 per cent from the initial budget for 2024. https://www.macaubusiness.com/govt-predicts-mop240-bln-in-2025-gross-gaming-revenue/ jun24  88.0 percent of the city’s pre-pandemic 2019 GGR Macau is lik...
Read more