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Sands China Key Driver

Sands China Key Driver for Las Vegas Sands

Sands China is likely to be the key driver for Las Vegas Sands for the next few years as it benefits from the increasing size of the mass market, according to an in-depth analysis of the group by Bernstein Research.

Visitor Non-Gaming Spend Outperforms Gaming in 2018Q3

Macau saw a 15.2 percent rise in visitor non-gaming spend during the third quarter of 2018, outperforming the rise in gross gambling revenue during the period, according to figures from the Statistics and Census Bureau.

Tak Chun Opens VIP Club at MGM Cotai

Tak Chun Group, a Macau junket operator, on Monday held a grand opening for its new VIP room at the MGM Cotai and said it was planning overseas expansion in the coming year.

Japan a Key Focus at MGS Entertainment Show

The annual Macao Gaming Show (MGS Entertainment Show) was held at the Venetian Expo Macau last week. The upcoming Japanese IR market was in focus, with a special presentation and panel dedicated to Japan taking place on Day 2 of the event.

Asian Operators Post Mixed Results in 2018Q3

The four Asia-based IR operators aiming for a license in the Japanese market—Galaxy, Melco, Genting, and Bloomberry—posted mixed results in the July-September period, even as predictions of a slowdown in the Asian gaming industry abounded.

Macau Junket Operators Call for Government Support in Collecting Debt

Representatives from the junket sector on Tuesday urged for the local government to assist the sector in collecting bad debts and reduce gaming taxes, according to a report from Macau Business.

MGM’s Murren Optimistic about Macau Growth

Macau has considerable potential for further growth and is likely to remain the world’s largest gambling market, MGM Resorts International CEO James Murren told CNBC in an interview.

Non-Gaming Segment Key to Visitor IR Attachment

A new study has found that gaming has little-to-no role in getting a visitor to feel “attached” to a particular integrated resort, Macau Business reports.

Sands China Revenue Increases 13 Percent in 2018Q3

Sands China, which operates The Venetian, Parisian and Sands Cotai Central IRs in Macau, posted 2018Q3 results that were in line with market expectations and expressed confidence in the long-term prospects for the gambling hub.

Operators Welcome Hong Kong-Macau-Zhuhai Bridge Opening

Some of Macau’s operators on Wednesday celebrated the first trips across the new Hong Kong-Macau-Zhuhai bridge, which is expected to drastically improve accessibility to the gambling hub.

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Hard Rock to Open Tomakomai Office

Hard Rock Japan is preparing to open an office in Tomakomai, Hokkaido, in August or September, a further signal that the Orlando, Florida, based operator is focusing its IR efforts on this regional city.

Foreign Tourists May Also Face Gambling Profits Tax

Some foreign tourists who win at casino games at Japanese IRs may be hit with an income tax bill before they leave the country, according to a report in the Asahi Shinbun.

House of Councillors to Begin IR Bill Deliberations

The controversial IR Implementation Bill is set to begin its final stage toward enactment on Friday with deliberations launching in a plenary session of the House of Councillors.

Morgan Stanley Releases Bearish Note on Japan IRs

On Friday, the multinational investment bank and financial services company Morgan Stanley released a research note that suggested a degree of disappointment about the financial terms of the IR Implementation Act.

Osaka Governor Matsui Wants to Select IR Operator Within a Year

Just as he did with the IR Implementation Act, Osaka Governor Ichiro Matsui is once again pushing the national government to speed up its deliberations and to move with greater alacrity. He says that Osaka wants to tentatively select its operator partner within a year with an eye to opening the Yumeshima IR by 2024.