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Showing posts from December, 2023

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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...

If Macau’s annual GGR reached or exceeded MOP180 billion...

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...

O que vão fazer os vencedores II (tem novas obras e outros investimentos/projetos)

fev26 WYNN The expansion of the Chairman’s Club gaming area at the Cotai casino resort Wynn Palace (pictured) in Macau will open in time for the Chinese New Year period, as all licences have been received. That is according to Craig Billings, chairman and chief executive of the parent firm Wynn Resorts Ltd. The latter controls Macau-based casino operator Wynn Macau Ltd. Besides the Cotai casino resort Wynn Palace, Wynn Macau Ltd also runs the Wynn Macau property in downtown Macau. “This is a significant expansion of the Chairman’s Club,” a space dedicated to the casino firm’s “highest-value customers,” Mr Billings said. “This expansion triples the size of the Chairman’s Club to nearly 100,000 square feet [9,290 sq. metres]. The space includes gaming areas, along with a range of amenities, including several boutique food and beverage outlets, entertainment areas, a cigar lounge and a bar,” the CEO said. “We honestly believe it will set a new standard for premium gaming space in Macau, i...