Retendering21-22

mar26 In this regular feature in  IAG  to celebrate 21 years covering the Asian gaming and leisure industry, we look back at our cover story from exactly 10 years ago, “A Macau style casino in the US?”, to rediscover what was making the news in April 2016! By now, the long and sordid story of Imperial Pacific International and its failed Saipan integrated resort venture has become the stuff of legend. And yet, for all the legal and regulatory challenges that surfaced in the years leading up to the project’s demise, it is easy to forget that the company barely dipped a toe in the island’s turquoise waters on its original – and some would say absurdly ambitious – development plans. https://asgam.com/2026/03/30/10-years-ago-a-macau-style-casino-in-the-us/ 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...

 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