Retendering21-22

marc26 O secretário para a Economia e Finanças, Tai Kin Ip, reconheceu ontem que o gasto per capita dos turistas está em contracção, e que os hábitos de compras foram substituídos pela procura de novas experiências. As declarações foram prestadas durante um simpósio da Associação Comercial de Macau, e citadas pelo jornal Ou Mun. O governante admitiu que estas alterações fazem com que o ambiente de negócios seja mais exigente para as empresas de Macau, e aconselhou os comerciantes a “responderem de forma científica às mudanças”, “a procurarem de forma activa mudarem os seus negócios para melhor” e “adaptarem-se às novas situações”. Tai Kin Ip alertou ainda os empresários que só desta forma é que vai ser possível “alcançar um desenvolvimento sustentável”. Apesar destes alertas, o secretário afirmou que as Pequenas e Médias Empresas são a base da economia local e contribuem para a maioria do emprego da população e da revitalização da economia. Para combater as dificuldades, o secretário a...

fev26 GEG LUXO Galaxy Entertainment Group  is doubling down on entertainment and ultra-luxury is its cornerstone going forward, with recent openings of premium-focused hotels and offerings catering to more demanding customers. “Going forward […] the super premium mass market is the focus of our competition […] because people coming to Macau do not just want to gamble. We need to provide good F&B, good concerts to attend, retail, etc,” noted   GEG Chairman Francis Lui   at a media briefing for its   annual results   on Thursday. https://agbrief.com/news/macau/26/02/2026/ultra-luxury-and-super-premium-the-focus-of-galaxy-going-forward-management/?utm_source=Asia+Gaming+Brief&utm_campaign=02bb02de7b-AGB%3A+%2302334+Friday%2C+27th+February%2C+2026&utm_medium=email&utm_term=0_51950b5d21-02bb02de7b-%5BLIST_EMAIL_ID%5D&ct=t%28AGB%3A+%2302334+Friday%2C+27th+February%2C+2026%29&goal=0_51950b5d21-02bb02de7b-%5BLIST_EMAIL_ID%5D&mc_cid=02bb02de7b...

 fev26 Macau recorded a new all-time high in entries and exits at the borders of the SAR ten days ahead of the Lunar New Year—the world’s largest annual migration—authorities announced on Sunday. Macau’s Public Security Police (PSP) said the SAR’s borders registered around 867,000 crossings on Saturday, the highest number since daily records began. In a statement, the PSP said the largest share of movements (39.1 per cent) was attributed to tourists. Macau, the world’s casino capital, received around 174,000 visitors on Saturday, still well below the daily record of 188,000 set on 2 January. Meanwhile, Macau residents accounted for 36.7 per cent of border crossings, while migrant workers represented 21.6 per cent. According to PSP data, the territory’s largest checkpoint, the Border Gate, was also the busiest, with nearly 463,000 crossings—the highest daily figure in the past five years, since the start of the Covid-19 pandemic. In neighbouring Hong Kong, the Secretary for Culture,...

fwv26 A “new phenomenon” in the Macau casino market is that “even ahead of a holiday” there is “no slow period,” said Kenneth Feng Xiaofeng, chief executive of Macau operator MGM China Holdings Ltd. He was speaking on Thursday on the call of the parent, MGM Resorts International, to discuss the fourth-quarter earnings of the whole group. On Wednesday the parent had reported MGM China’s net revenue for the three months to December 31 as having  climbed 21.4 percent  year-on-year, to just under US$1.24 billion. The Macau unit had adjusted earnings before interest, taxation, depreciation, amortisation and rent (EBITDAR) of just under US$332.3 million for the reporting period, an increase of 30.5 percent from the same quarter a year earlier. Mr Feng was asked on the call about costs in the Macau market, business margins and the prospects for the upcoming Chinese New Year (CNY) break, a nine-day holiday on the Chinese mainland, that begins on February 15. The MGM China CEO stated: ...

mar26 SANDS Sands China and parent company Las Vegas Sands (LVS) have revealed they may need to commit more capital to improve their Macau product offering, with The Venetian Macao likely next on the agenda and The Parisian Macao in the future. The update was provided by LVS Chairman and CEO Patrick Dumont and SVP of Investor Relations Daniel Briggs during the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum at Wynn Las Vegas late last week, with J.P. Morgan detailing the executives’ comments in a follow-up note. According to the analysts’ takeaways from their meeting with LVS, the company will continue to focus its promotional reinvestment and its product to attract and retain more high-end players to better align with the Macau market. And while recent upgrades to The Londoner Macao and Four Seasons have provided “bright spots” in this promotional push, in the medium-term it “may need to commit more capital to improve its Macau product offering”, as per J...

 fev26 Macao was elevated into one of the world's top tourism cities in terms of direct travel and tourism gross domestic product. This transformation was set in place in early 2000 with the liberalisation of the city's casino industry and the introduction of multiple casino-integrated resort complexes, many built along what would emerge as ‘The Cotai Strip’. This policy and tourism direction would propel the city into one of the richest cities globally, created by the substantial gaming revenues and tax to the government. Almost three years of COVID-19 restrictions would impact the city given its reliance on the casino and tourism industry. The renewal in 2022 of the six gaming concessions for ten years incorporated government directives on the need for the tourism industry to diversify beyond gaming and advance non-gaming tourism and leisure offerings to add to the tourism revenue mix. As the Greater Bay Area (GBA) evolves and connectivity advances between the GBA cities, a t...