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ap24 The Legislative Assembly of Macau’s  approval  of gaming credit legislation, which prohibits junkets from extending gaming credit, is viewed as a significant step towards aligning with public policy in China and Macau. Fredric Gushin, managing director of Spectrum Gaming Group In an interview with AGB, industry veteran  Fredric Gushin  endorsed the legislation, stating, “There are unique issues in China because gambling debts are not legal, making the credit decision more important. The junkets operated in an old-fashioned, underground manner, which was inconsistent with public policy in China, Macau, and indeed the world.” Gushin believes that casinos should be responsible for everything that occurs within their premises, hence “the concept of junkets performing critical casino-related functions is inconsistent with that.” He also noted the cessation of junkets owning the cage (physical cashier counters on casino floors), likening it to the gaming credit legisl...

 ab23 Industry experts have told  Inside Asian Gaming  that the arrival of legalized casino gaming in Japan could have a negative impact on Macau and other regional gaming destinations due to its broad tourist appeal and potential ability to attract the best executive talent. As reported by  IAG , the Prime Minister of Japan, Fumio Kishida, announced Friday that the government has approved the development of an integrated resort in Osaka by a consortium led by MGM Resorts International and local partner Orix. Asked whether an Osaka IR could negatively impact the Macau gaming industry, Ryan Hong-Wai Ho, lecturer at the Centre for Gaming and Tourism Studies at Macao Polytechnic University, said the development was in many ways a “positive for the development of the global gaming industry.” “Japanese and Korean tourists are an important source of customers for casinos in the Asia-Pacific region, and the opening of a casino in Osaka may provide the opportunity to attract...

 abr23 A Direcção dos Serviços de Turismo (DST) está a preparar uma “mega promoção turística” em Portugal, que se vai realizar entre os dias 15 e 22 de Abril. A iniciativa vai contar com um espectáculo de vídeo mapping na Praça do Comércio, em Lisboa, bem como expositores sobre o turismo da região. https://pontofinal-macau.com/2023/04/11/lisboa-como-palco-de-uma-mega-promocao-turistica-de-macau/

may24 “Redeeming a night in a hotel room might mean players would need to bet HK$100,000 in the past, but now they might only need HK$10,000, or even less,” the officer said. Lowering the threshold for granting such “gifts” is largely related to rising competition, they added, stating, “In the past, the turnover of a customer in a VIP room was almost equal to 100 customers in the mass market. Every VIP room had its own scope of customers, but this kind of customer has decreased nowadays. “We have to attract more customers from the mass market in order to cover the loss [of VIPs], and giving away nights in hotel rooms is a good way to attract new customers. The competition is intense. Casinos are not only competing with other casinos in attracting customers but also in achieving their company’s sales targets.” The team of the interviewed employee targets quarterly rolling of MOP$7 billion (US$870 million) from the customers it brings in. “Gaming operators tend to hire experienced employ...

abr25 The Macau government would like to see a shift of emphasis on the concession-related non-gaming investment efforts of the city’s six casino operators, so the companies avoid “working on similar areas”. That is according to commentary from Wilfred Wong Ying Wai (pictured in a file photo), executive vice chairman of one of the operators, Sands China Ltd. He was speaking on Wednesday, on the call to discuss the  first-quarter earnings announcement  of the parent, Las Vegas Sands Corp. Mr Wong stated, referring to the current Macau government that took office in December : “I think the new administration now has had time to look at the overall picture of the non-gaming development.” He added, referring to the industry as a whole: ‘As long as we maintain our total commitment they are looking to us to specialise in areas where we each do best because… they feel that maybe it’s better that, rather than six of us or working on similar areas.” The city’s six casino operators init...