Home Macau

Macau

Melco Staff Protest for Better Wages and Bonuses

Melco Resorts & Entertainment, which is strongly focused on obtaining a license in Japan, is facing protests at home in Macau from staff, who are demanding better pay and benefits, as well a stricter enforcement of a smoking ban in its casinos.

Macau Set to Become Richest Place in the World

Macau is set to become the richest place in the world by 2020, knocking Qatar off the top slot, Bloomberg reports, citing International Monetary Fund figures.

Galaxy Expands Macau Market Share

Galaxy Entertainment Group, which has teamed with Monaco’s Société des Bains de Mer to bid for a license in Japan, is gaining market share at home in Macau.

Cafe de Paris Opens in Galaxy Macau

Galaxy Entertainment is building on its relationship with Monaco casino company Societe des Bains de Mer to bring a French bistro brand to its Galaxy Macau resort, building on Macau’s culinary repertoire.

Melco Launches Macau’s First eSports Arena

Melco Resorts & Entertainment on Tuesday launched the first e-sports venue in Macau, hoping to attract a younger audience to the gambling hub.

Japan May Poach Five Percent of Macau’s Revenue

Japan may be able to take away five percent of Macau’s gross gambling revenue once its IRs are up and running, Morgan Stanley said.

Melco CEO Stresses Japan Focus

Melco Resorts and Entertainment CEO Lawrence Ho once again asserted the strategic importance of Japan to the Macau-based group while announcing 2018Q2 results.

MGM and Galaxy Win CSR Awards

MGM Resorts and Galaxy Entertainment, which are both vying for a license in Japan, have won awards for their corporate social responsibility (CSR) programs at an event organized by the Mirror Post of Hong Kong.

Macau Gaming Revenues Growth Decelerating

Bernstein Research in its latest note is predicting that GGR for July will rise between 11 percent and 13 percent from the prior year, based on the weekly and daily performance to date.

Growth in Mass vs. VIP Market

In 2018Q2 in Macau, the mass market was the main driver of gross gambling revenue growth, gaining 21 percent compared with 14 percent for the VIPs. That’s a switch from the prior few quarters when the VIP market had been leading.

Trending Articles

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.