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Apr24 HSBC Global Research predicts that MGM China, Wynn Macau, Galaxy, and Sands China will pay dividends in 2024, while Melco and SJM are likely to withhold dividends. In a recent report on HSBC Global Investment Summit 2024 key takeaways, the financial services agency said that Macau’s gaming demand remains healthy, while gaming operators  “remain committed to shareholder returns”.  Analysts Charlene Liu, Jessie Lu, and Lauren Cai maintain a ‘buy’ rating for MGM China and Galaxy, noting that both operators observed positive trends across all business segments, with notable upticks in VIP segment.  “With growing offerings of non-gaming events of a different nature, both[operators] expect to see travellers return more often to Macau and the seasonality trend to smoothen out,” the analysts said. https://www.macaubusiness.com/four-macau-gaming-operators-likely-to-pay-dividends-in-2024-hsbc/ aprov24 MGM China has warned in a recent report that its ‘high indebtedness’ could ‘pose challeng

apr24 Macau’s Chief Executive,  Ho Iat Seng , expresses his confidence that Macau will attract more than 30 million visitors this year. During a plenary session of the Legislative Assembly on Tuesday, Ho forecasts that, in an optimistic scenario where the average daily number of passengers remains over 100,000, Macau could record nearly 36 million visitor arrivals. If the average daily number of passengers drops to about 80,000, it is expected that there will be between 33 million and 34 million visitors this year.  Just to recall, Macau   received   over 28 million visitors last year. In 2019, Macau welcomed 39.4 million   visitor arrivals . https://agbrief.com/news/macau/16/04/2024/macau-confident-in-attracting-over-30m-visitors-this-year/ mar24  Não cabem mais turistas em Macau Macau está perto de atingir a capacidade máxima para acolher turistas, muitos deles ligados aos jogos de casino, e terá que dar prioridade às épocas baixas. A previsão é do analista Ben Lee, que fez um retrat

APR24 Legend Gaming and hotel services firm Macau Legend Development Ltd reported a net loss of nearly HKD4.9 million (US$ 628,497) for full-year 2023, on revenue that rose by 26.7 percent year-on-year, to HKD901.6 million. The loss for 2023 was an improvement on the HKD607.2-million loss recorded in the prior year, according to a Thursday filing. The company’s costs stood at HKD741.4 million in 2023, down 29.2 percent from the prior year. The Hong Kong-listed firm has business linked to one casino in Macau – Legend Palace (pictured) – under a so-called services agreement with Macau licensee SJM Holdings Ltd. In 2022, the company was also linked to two other casinos in Macau – Landmark and Babylon. https://www.ggrasia.com/macau-legend-narrows-annual-loss-revenue-up-27pct/ mar24 PONTE 16 The Deputy Chairman of Macau’s Ponte 16 casino-resort has told  Inside Asian Gaming  he expects to receive government approvals to proceed with a  HK$500 million expansion and upgrade  of the property “

May24 The Rua da Felicidade Pedestrian Zone in downtown Macau has been transformed into a platform to showcase the creativity of local fashion labels, as integrated resort operator Wynn aims to provide a unique fashion and cultural tourism experience for both residents and tourists. The “Rua da Felicidade Fashion Week” is an initiative organised by Wynn in collaboration with the Macau Cultural Affairs Bureau, the Macau Productivity and Technology Transfer Centre (CPTTM), and the Macau University of Science and Technology (MUST). https://www.macaubusiness.com/wynn-hosts-rua-da-felicidade-fashion-week-to-showcase-macaus-vibrant-fashion-scene/   Há outras entradas com este tema APR24 Sands China has announced the launch of its Entrepreneurship Recruitment Programme for Rua das Estalagens, providing a maximum of MOP1 million (US$123,970) in operational subsidies for local small and medium-sized enterprises (SMEs). At a press conference held on Monday afternoon at Londoner Macao, Wilfred Wo

 fev24 Durante o pico do Ano Novo Lunar, concretamente entre o quarto e sétimo dias do período de feriados, as receitas brutas diárias dos casinos de Macau terão ascendido a mais de mil milhões de patacas, “pela primeira vez em mais de quatro anos”, superando a média registada na Semana Dourada de Outubro do ano passado (mais de 900 milhões), adiantou ontem o banco de investimento JP Morgan. Os analistas DS Kim, Mufan Shi e Selina Li estimam que as receitas do mercado de massas do jogo aumentaram 120% ou mais, comparativamente ao Ano Novo Lunar de 2019, situando-se “10 pontos percentuais acima do ritmo de recuperação nos últimos meses”. No conjunto dos primeiros 18 dias de Fevereiro, as receitas brutas dos casinos totalizaram cerca de 12,5 mil milhões de patacas, a uma média diária de 694 milhões, indica o relatório, salientando que os números reflectem “uma recuperação de cerca de 75% em relação ao período comparável de 2019”. Ainda assim, os analistas ressalvam que as comparações são

Fev24 Ryan Hong-Wai Ho is joined by Jenny Phillips to take a deep dive into Macau’s premium gaming markets following the recent transition away from the old junket model and towards premium direct and premium mass. Macau casinos typically have two primary market segments: VIP gaming and mass market gaming. Within these two market segments, there are further subdivisions known as the premium direct and premium mass markets. While these two premium-oriented markets exhibit distinct characteristics, there are also areas of overlap between them. https://www.asgam.com/index.php/2024/02/29/premium-on-the-go/  fev24 As operadoras de jogo de Macau registaram um novo recorde de apostas no segmento de massas “premium” durante o Ano Novo Chinês, segundo estimativas do Citigroup   O volume de apostas “premium” nas mesas de jogo do mercado de massas atingiu um recorde absoluto durante os feriados comemorativos do Ano Novo Lunar, segundo uma pesquisa do Citigroup. De acordo com o grupo bancário, o v