Retendering21-22

jan25 AYMENTOS EXTRA 5 days week The offer by Macau casino operator Sands China Ltd of varied options for table games dealers’ working week – including the possibility of a five-day week rather than the standard Macau six-day one – has been praised by two labour groupings canvassed by GGRAsia. The labour representatives respectively called the move “flexible” and “desirable”. In late December, Sands China said in a recruitment notice, it wished to hire dealers for its table games department and was offering three types of work schedule. Full-time dealers could either opt for the Macau-standard six days a week, i.e., a 48-hour week; or a five-day week, i.e., 40 hours in total. Those seeking part-time work have the possibility of a three-day week. GGRAsia has approached Sands China for comment on its latest dealer recruitment effort and its work schedule options. https://www.ggrasia.com/sands-5-day-week-option-praised-by-macau-labour-groups/ SJM SJM Resorts, S.A. has announced a salary i...

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...

jan25 “We expect investors will focus on whether it is making further progress within the premium mass segment over time, given the opening of Capella hotel – circa 100 suites – in mid-2025,” stated analysts Anne Ling and Jingjue Pei in a Thursday note. That was a reference to premium mass gamblers – playing high stakes cash games rather than on credit – a customer segment considered a key target for Macau’s six casino concessionaires since the retreat of the credit-based junket VIP segment. Capella at Galaxy Macau (pictured in an artist’s rendering) – a new 17-storey luxury hotel at Galaxy Macau – is  due to open in “mid-2025” , according to previous statements of the casino group. A December 3 press release from Singapore-based Capella Hotel Group, the promoter of the Capella brand, referred to a “second quarter” time frame for the Macau hotel. https://www.ggrasia.com/capella-hotel-factor-for-galaxy-premium-mass-jefferies/ nov24 SJM Expansion plans for Grand Lisboa Palace On...