Retendering21-22

mar25 Seaport Research  has highlighted that, while SJM’s  Grand Lisboa Palace  (GLP) continues to ramp up operations, its return on investment remains disappointingly low and is unlikely to generate any positive value relative to the cost of investment in the near future, if at all. This assessment follows the release of   SJM ’s 4Q24 results.   Vitaly Umansky , senior analyst at Seaport, noted that the ramp-up at GLP is a critical driver for the stock to show positive momentum. Meanwhile, SJM’s strategy for GLP is still evolving. The company has been strengthening its sales and marketing team in recent quarters, which has led to increased costs. http://agbrief.com/news/macau/06/03/2025/grand-lisboa-palace-growth-lags-unlikely-to-yield-positive-value-in-foreseeable-future-seaport/?utm_source=Asia+Gaming+Brief&utm_campaign=003b468a55-AGB%3A+%2302095+Thursday%2C+06th+March%2C+2025&utm_medium=email&utm_term=0_51950b5d21-003b468a55-%5BLIST_EMAIL_ID%5D...

jun24 One of the Hong Kong government’s top tourism advisers – the leisure and entertainment mogul Allan Zeman – says the city is lagging behind Macao when it comes to attractions.  His comments will come as a stark warning to a Hong Kong tourism industry struggling to find its post-pandemic direction, with long-haul markets remaining sluggish and the domestic market shifting from affluent mainland Chinese travellers to penny-pinching day-trippers. In remarks  published  by the  South China Morning Post  over the weekend, Zeman said Macao has things “we don’t have” and praised the Macao government’s efforts to diversify away from gambling as a tourist draw. “Macao is becoming an exciting city. Every week there’s new names coming, putting on shows, and it’s competition for us,” he said. Zeman added: “The casinos earn a lot of money, so they can keep bringing out new things and reinventing themselves … Macao has suddenly become a very fun place to go to.” He said ...

MGM Macau was among the first to adopt smart table technology at a large scale, with its MGM Cotai property leading the charge since 2018. Lei explained, “We were the first to deploy smart table operations on a massive scale for mass gaming in Macau. After years of fine-tuning the product and working closely with vendors, we have been able to adapt the technology to fit the Macau market.”   https://sigma.world/news/smart-table-techbnology-future-casino-mgm-macau-exec/ Live multi-gaming: a new win for Macau? With the number of gambling tables in Macau capped by the government, live multi-gaming could offer a much-needed alternative avenue to expand the industry  João Nuno Riquito and Hugo Duarte Fonseca of Riquito Advogados https://www.worldfinance.com/strategy/live-multi-gaming-a-new-win-for-macau fev25 Casino dealers are facing health issues with new equipment that requires high-intensity operation in a short time, legislator Leong Sun Iok has said. The lawmaker recently...