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 may25 Las Vegas Sands (LVS) Chairman and CEO Robert Goldstein has bemoaned the lingering impact of the US-China trade war, as well as increased domestic and regional competition and the rise of online gambling across Asia for sustained flatness in the Macau market. Goldstein also expressed a desire to improve the performance of his company’s Macau subsidiary, Sands China, which he said had not lived up to recent expectations  not lived up to recent expectations despite those expectations being dampened due to a raft of substantial renovation projects that have limited its hotel room supply. The long-time LVS executive was speaking at Bernstein’s 41st Annual Strategic Decisions Conference where he observed that one of the main challenges facing the Macau land-based gaming market in 2025 was falling spend per customer – a trend he attributed to a series of macro factors. “Spend is different than it used to be,” Goldstein said. “Visitation used to be equivalent to the spend but ...

 may25 T he  non-gaming investment plans for 2023 by the city’s six gaming concessionaires generated over MOP30 billion in gross production value for Macau’s economy, according to Secretary for Economy and Finance Anton Tai Kin Ip. In a plenary session of the Legislative Assembly (AL) yesterday, lawmaker Ron Lam presented an oral inquiry urging the government to strengthen supervision of non-gaming investment plans by gaming concessionaires and implement robust employee protection measures for their workforce. In response, the Secretary emphasized that the government has consistently maintained clear mechanisms for monitoring both the pre-implementation and post-implementation phases. “The [gaming concession] contract terms also require approved companies to submit detailed annual project implementation reports to the government, which must include information on the specific implementation status, amounts invested, timelines, and outcomes,” he said. While acknowledging that t...

set25 Macau sees strong tourism but faces drop in per capita spending from mainland Chinese visitors https://macaudailytimes.com.mo/macau-sees-strong-tourism-but-faces-drop-in-per-capita-spending-from-mainland-chinese-visitors.html (IMPORTANTE) set25 Macau gaming operator  Galaxy Entertainment Group  has attracted a significant influx of new customers, with 40 to 50 percent of its clientele over the past 12 months being first-time visitors to its properties.  The company’s management revealed this during  Goldman Sachs ’ Asia Leader Conference on September 3rd in Hong Kong, highlighting the effectiveness of its strategic investment in non-gaming activities to diversify its customer base. In a Key Takeaways note, Goldman Sachs reported that Galaxy Entertainment’s membership base has expanded substantially alongside its rated play, reflecting sustained growth in customer engagement. This success in customer acquisition comes as Galaxy continues to meet its gaming licen...

ago25 The rise of baccarat side bets brings with it the opportunity for operators to create added value – but there is also the risk of value deterioration if players deem the new options to be too complicated or to yield diminished returns. Baccarat has undergone a notable transformation, particularly through the introduction of “Lucky 6” and “Lucky 7”. These additions are designed to sustain gameplay engagement while driving casino profitability. By expanding wagering beyond the traditional “Banker” and “Player” bets, baccarat with side bet options creates fresh layers of excitement and anticipation among players. That said, baccarat side bets also present a complex interplay of value creation and destruction for both casinos and players. (...) To value and beyond New side bets are much like an acquired taste. They come with a learning curve, and not all players are willing to invest the time to understand the game rules. Some players may stick to the main game, leaving unfamiliar si...