Retendering21-22

May25 T he Cotai Outdoor Performance Area will host its first commercial concert of the year, drawing attention from industry leaders who are watching closely for its potential economic impact and cultural significance. In just under three weeks, internationally acclaimed electronic music artist Alan Walker will take the stage at the venue. In TDM’s Macau Forum on Wednesday, Che Fok Sang, president of the Macao Association of Convention, Exhibition & Tourism Sectors, mentioned that the outdoor arena offers “stronger conditions to attract top-tier international artists, particularly from Europe, the United States, and South Korea.” He noted that outdoor concerts provide a unique atmosphere that some performers prefer. “With more experience and successful shows, Macau is gaining attention in the global entertainment circuit. Many A-list performers now aspire to hold concerts here,” Che said. He believes the venue complements existing indoor venues in the region. During the discussion...

xdez23 The gaming concessionaires have been complying with the investment plans and social responsibility commitments stipulated in the contracts, the Gaming Inspection and Coordination Bureau (DICJ) said in a reply to a written question put forth by lawmaker Leong Sun Iok, public broadcaster TDM reported. The reply penned by DICJ director Adriano Marques Ho states that gaming companies have been carrying out social responsibility activities specified in the concession contracts in areas such as culture, sports, scientific research, and support for local SMEs. “It has been found that concessionaires are orderly carrying out and implementing various investment plans according to the approved arrangements,” the gaming watchdog stresses. In his written query, Leong Sun Iok noted that under the new gaming law, one of the criteria for concession relates to the social responsibilities to be assumed by the gaming operators, with the respective content clearly defined.  https://www.macaubu...

 nov23 In other words, the government will make a massive sum from concessionaires in the next 10 years: 1,120 billion patacas (US$139 billion) in gaming taxes which is not often talked about, plus the much talked about 130 billion patacas in non-gaming spending commitment, for a combined total of 1.250 trillion patacas (US$152 billion). Let’s put that in numbers: 1,250,000,000,000. That’s 1.83 million patacas for every person in Macao. It’s more than the amount  spent on 1,800 projects  under China’s signature Belt and Road Initiative. It’s bigger than the size of the  entire global food delivery market . As a statistician, I’m used to dealing with large numbers – especially when working in the gaming industry. In Vegas, millions were usually the largest units when it came to describing monthly revenues or visitors. When I came to Macao in 2006, using billions became commonplace, for talking about rolling volumes in VIP gaming, or monthly casino revenues. But the co...