Retendering21-22

nov25 Macau’s gaming industry has been losing workers for three consecutive quarters on a year-on-year basis, according to data released on Friday by the city’s Statistics and Census Service. At the end of September, the city had approximately 68,900 people employed in the gaming industry, a decrease of 3.6 percent year-on-year. The figure was the lowest since the fourth quarter of 2023, when the tally stood at 67,400 workers. The number of staff in so-called “betting-related” positions – such as croupiers or cage managers – declined by 6.6 percent year-on-year, standing at 38,800 in the third quarter of 2025. It was also the third consecutive quarter of year-on-year declines. The reduction in the number of workers in the gaming industry coincides with the closure of several so-called “satellite casinos” across the city. Under the city’s revamped gaming regulatory framework – which coincides with the current concessions of the six Macau operators – from next year, third-party investors...

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...

nov25 MELCO Global casino operator Melco Resorts & Entertainment Ltd plans to invest “about US$125 million” in the remodelling of the existing 330-room Countdown hotel at City of Dreams in the Cotai district. That is according to comments by Geoffrey Davis, Melco Resorts’ executive vice president and chief financial officer (CFO). He made the remarks in a Thursday conference call with investment analysts, following the firm’s announcement of its third-quarter 2025 results. Melco Resorts  posted net income  of nearly US$74.7 million for the three months to September 30, on operating revenues that rose 11.4 percent year-on-year, to nearly US$1.31 billion. Lawrence Ho Yau Lung, Melco Resorts’ chairman and chief executive, said on the call: “We have started the renovation of the Countdown Hotel, which we currently expect to open in the third quarter of 2026.” He added that the casino firm plans “to simultaneously upgrade retail and food and beverage in this precinct of City of...