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 ...

Mar25 T he casino industry is undergoing a technological transformation as operators introduce smart gaming tables equipped with radio-frequency identification (RFID) technology. While these advancements aim to improve efficiency and data accuracy, they have also raised concerns among gaming employees regarding workplace demands. According to the Gaming Inspection and Coordination Bureau (DICJ), all gaming equipment must undergo rigorous testing and approval before deployment. This process includes independent third-party certifications, operational inspections, and mandatory employee training. The bureau also requires concessionaires to establish standardized procedures to ensure compliance and safety. In response to recent inquiries from lawmakers, the bureau confirmed that on-site inspections of existing gaming equipment are conducted periodically to uphold fairness and security in casino operations. The Labour Affairs Bureau reported 5,095 workplace accidents last year, with nearly...