Tuesday, April 13, 2021
recovery, events, conference, industry

Slow road to recovery for in-person convention industry: Bernstein

Analysts at Bernstein are expecting a slow recovery of the in-person meetings and events industry, with visitation levels from this subset to return at 2023 at the earliest. 

Macau residents to get MOP8,000 to spend

Macau citizens and permanent residents will soon benefit from a US$999 handout in order to boost consumer spending as the SAR recovers from the pandemic.

Paradise Co pilots AI serving robot

Paradise Hotel Busan has announced it is trialing an ‘AI Serving Robot’ to expand its non-face to face services to its food and beverage establishments.

CNMI GDP was already down 11.2 percent in 2019

With an 80 percent drop in casino revenues, the CNMI GDP fell 11.2 percent in 2019, according to data from the U.S. Department of Commerce-Bureau of Economic Analysis.
Macau, GGR, infographic, forecast

Macau gaming industry recovery underway [Infographic]

Whilst first quarter GGR in 2021 still showed negative year-on-year growth, the truth is that the Macau gross gaming revenue recovery is well and truly underway. 
Kyushu IR Promotion, japan

High-powered Kyushu IR Promotion Council launched

The stars of the regional political and business world came out on Monday to formally launch the Kyushu IR Promotion Council, aiming to win one of the three available licenses from the central government.

Zitro shortlisted twice in London Global Gaming Awards

Zitro has been shortlisted twice for the prestigious Global Gaming Awards London 2021, to be held on June 28th, coinciding with Clarions ICE Connect event.

Macau GGR still weaker-than-expected: Bernstein

The Macau gross gambling revenue rose 16 percent in the second week of April from the prior week, but was still softer than expected, according to Bernstein Research.

HK arrests 65 in illegal gambling raid, including policeman

Hong Kong police have busted a gambling den, arresting 65 people, including a 28-year old constable. The police officer has been suspended from duty.
Macau

Macau Q1 consensus estimates likely too high: MS

Consensus estimates for Q1 earnings at Macau’s six operators may be too high, with corporate EBITDA likely to be lower than the prior quarter due to an uneven recovery and higher expenses, Morgan Stanley says.

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Las Vegas casinos expand to 50% capacity

Las Vegas is said to be attracting significant crowds after its casinos were allowed to reopen at 50 percent capacity - up from 35% - from Monday.
recovery, events, conference, industry

Slow road to recovery for in-person convention industry: Bernstein

Analysts at Bernstein are expecting a slow recovery of the in-person meetings and events industry, with visitation levels from this subset to return at 2023 at the earliest. 

Macau residents to get MOP8,000 to spend

Macau citizens and permanent residents will soon benefit from a US$999 handout in order to boost consumer spending as the SAR recovers from the pandemic.

Paradise Co pilots AI serving robot

Paradise Hotel Busan has announced it is trialing an ‘AI Serving Robot’ to expand its non-face to face services to its food and beverage establishments.