mass-market patrons.

out24

Domestic travelers in China, including the Macau and Hong Kong SARs,are exhibiting a notable trend of reduced spending during the recent Golden Week holiday, despite the government’s various stimulus measures aimed at boosting the economy.

According to data from the Ministry of Culture and Tourism, while the number of trips taken during the week increased by 10.2% compared to pre-pandemic levels in 2019, overall spending rose only 7.9%. This discrepancy indicates a decline in per-trip expenditure of 2.1% from five years ago.

https://macaudailytimes.com.mo/domestic-travelers-spending-less-despite-stimulus-measures.htmlhttps://macaudailytimes.com.mo/domestic-travelers-spending-less-despite-stimulus-measures.html

AGOST24

Os visitantes que chegam a Macau estão a gastar cada vez mais dinheiro em produtos não-jogo, afirmou ontem o secretário para a Economia e Finanças. Segundo Lei Wai Nong, no primeiro trimestre deste ano registou-se um gasto recorde de 32,5 mil milhões de patacas em elementos não-jogo. O secretário adiantou ontem, na reunião plenária da Assembleia Legislativa, que o Governo vai lançar novas medidas de promoção do consumo nas zonas comunitárias a partir do quarto trimestre do ano.

https://pontofinal-macau.com/2024/08/09/gasto-dos-visitantes-em-produtos-nao-jogo-bate-recorde-diz-lei-wai-nong/

 jul24

The total gross gaming revenue (GGR) generated in Macao during the second quarter stood at 56.43 billion patacas (US$7.02 billion), according to official data, of which mass market games and slot machines accounted for 43.12 billion patacas (US$5.36 billion) or more than 76 percent of the total.

The mass-market figure barely moved from the first quarter – rising by just 0.4 percent – but represents a 29.3 percent jump year on year.

Of the second-quarter mass market haul, baccarat generated 34.63 billion patacas (US$4.3 billion) or 61.4 percent of the total, up 29.8 percent compared to 2023.

https://macaonews.org/news/business/macau-second-quarter-gross-gaming-revenue-ggr-2024-macao/

jun24

CBRE Capital Advisors Inc says Macau casino operator SJM Holdings Ltd has a “renaissance story in the making,” as it pivots its Grand Lisboa Palace (GLP) gaming complex (pictured) in Cotai to cater to mass-market patrons. The institution’s commentary was based on meetings it hosted last week in London, with Christopher Ip Shih Ming, who took over as SJM Holdings’ chief financial officer in December.

Under a new management, SJM Holdings “is institutionalising the business,” and is “proactively introducing the company to investors globally,” wrote CBRE analysts John DeCree and Max Marsh in a Tuesday memo about the meetings in the United Kingdom capital.

The analysts observed that SJM Holdings was “looking to reposition Grand Lisboa Palace” marketing-wise “to better cater to base mass customers, increase visitation to the property, and identify operating efficiencies”.

https://www.ggrasia.com/sjm-rejigs-grand-lisboa-palace-for-mass-clients-analysts/