Retendering21-22

jun25 Macau with a population of just 700,000 squeezed into just 33 sq. kms, saw 35 million visitors serviced by just 43,000 hotel rooms in 2024. Its 30 casinos generated gross gaming revenue (GGR) of US$28.3 billion in the same year. The oft-touted Las Vegas saw 41 million visitors spread over 150,211 hotel rooms, losing US$8.8 billion last year in circa 150 casinos. Regionally, Singapore has GGR of $4.3 billion generated by just two casinos. Its international visitors numbered 16.5 million in 2024, consisting of 18.7% Chinese, 15% Indonesia, and 0.7% from both India and Malaysia, spread over 73,000 hotel rooms. Thailand received 35.5 million international visitors in 2024, with the top four origin countries being China (19%), Malaysia (14%), India (6%) and South Korea (5%). Comparing Macau with Thailand, Macau may boast the same visitor volume, however if you removed the mainland, Hong Kong and Taiwan, the number of international tourists from outside these zones represent a mere 7.7...

 jul23 The evolution of Macau to a more leisure and  MICE destination  will take time, likely much longer than the current  10-year concession  period,  CBRE Equity Research  said in a note, indicating that this is in part due to limited infrastructure, a lack of skilled labor, and lack of developable land. “The biggest transportation infrastructure hurdle for Macau is the airport, with limited direct service to cities outside of mainland China. This means Macau must rely on the Hong Kong airport and the Hong Kong-Zhuhai-Macau Bridge (HZMB).” “Although the  HZMB  has seen improved utilization since it opened in 2018, the long commute over the bridge will discourage major convention business that cannot fly directly into Macau.” The  labor shortage  issue in Macau was once again pointed out. Analysts at CBRE find that the skilled non-gaming labor shortage is accentuated. After lifting all the COVID-related restrictions this year, une...

 julho23 Authorities in Macau have announced that they’re rolling out a series of programs to attract foreign talent to the SAR, as early as August. Speaking at a panel, heads of some of the city’s main chambers of commerce lauded the move, noting that the city has been starved for new talent for years. https://agbrief.com/intelligence/deep-dive/06/07/2023/panel-foreign-talent-essential-for-macaus-diversification-attempt/?utm_source=Asia+Gaming+Brief&utm_campaign=4cfb212e51-EMAIL_CAMPAIGN_5_19_2022_13_42_COPY_01&utm_medium=email&utm_term=0_51950b5d21-4cfb212e51-69255637&ct=t(EMAIL_CAMPAIGN_5_19_2022_13_42_COPY_01)&goal=0_51950b5d21-4cfb212e51-69255637&mc_cid=4cfb212e51&mc_eid=31e20475e6