Author: Daniel Beitler, MDT
-
Macau enters economic recession
Macau has entered into a recession after data from the government showed a second consecutive quarter of economic decline. According to data released by the Statistics ... -
Double-digit visitor growth still a slowdown from June
Visitor arrivals rose 16.3% in year-on-year terms in July to reach 3.53 million, according to the latest data provided by the Statistics and Census Service (DSEC), ... -
Gaming | Galaxy posts improvement in Q2, after challenging start to 2019
Galaxy Entertainment Group (GEG) announced its second-quarter financial results yesterday. While net revenue is still down compared to last year, the latest quarter has shown some ... -
Gaming | Moody’s bets concession renewals a near-certainty
Moody’s Investors Service says it expects Macau will renew or reissue the concessions for its six gaming operators after they expire in June 2022. In a ... -
Gaming regulator not moving to ban surveillance equipment
Macau’s Gaming Inspection and Coordination Bureau (DICJ) has confirmed to the Times that, contrary to recent media reports, it is not preparing a blanket ban on ... -
HKZMB accounts for just 7% of cross-border vehicle traffic
Nearly nine months after its opening in October last year, the Hong Kong-Zhuhai- Macau Bridge (HKZMB) accounted for just 7% of Macau’s cross- border vehicular trips ... -
Junket operator Suncity Group denies investigation claims
Hong Kong-based Suncity Group has said neither it nor its majority owner and CEO have been notified of any investigation by authorities in Australia. In a ... -
Crown Resorts facing probe after links to Chinese triads made known
Crown Resorts may be investigated by Australia’s parliament after reports that an Asian crime syndicate allegedly laundered money through the Melbourne- based company’s casinos. The Age ... -
Second attempt | New Legislative Assembly president repeats oath after blunder
Chief Executive Chui Sai On presided over a second swearing-in ceremony for the recently-elected President of the Legislative Assembly (AL), Kou Hoi In, on Saturday, held ... -
Gaming stocks higher after shaming of online casinos thought to help Macau
Macau gaming stocks were higher this week after Credit Suisse said that the mainland’s crackdown on online gambling was beneficial to local casino operators. This came ... -
Analysis | The fringe players keeping a close eye as 2022 edges closer
The current gaming concessions are due to expire on June 2022, but little information has been disclosed by the government regarding how the process will be ... -
Suncity to adopt Macau law for global operations
Local junket operator Suncity Group says it will apply Macau law to all of its overseas operations, in this way hoping to prevent a repeat of ... -
Singapore penned next great engine for Macau tourism
Singapore has been designated as the next key market for tourism expansion, according to the Macau Government Tourism Office (MGTO), following similar announcements made in recent ... -
Gaming | Revenue growth accelerates despite weak Chinese economy
Macau casino revenue in June surprised analysts by growing 5.9% year-on- year to reach 23.8 billion patacas (USD3 billion), according to data released yesterday by the ... -
Coutinho calls for reorganization of gov’t departments
Lawmaker José Pereira Coutinho is arguing for the Secretariat for Social Affairs and Culture to be restructured, saying that its responsibilities are too broad at present. ... -
Mainland offers ‘unsuitable lifestyle’ for Macau residents, who won’t work, live there
A survey gauging the willingness of Macau residents to participate in the Greater Bay Area project has found that most respondents are neither willing to work ... -
Gaming | Analysis: June growth may find lift from 2018 FIFA World Cup
Holding conservative expectations for June, analysts expect the month will round out the first half of 2019 slightly down on Macau’s gross gaming revenue from last ... -
O Lam touted as possible Alexis Tam successor
The Chief-of-Office of the Chief Executive’s Office is being touted as a possible successor to Secretary for Social Affairs and Culture Alexis Tam, the Times has ... -
Macau stock exchange merely a ‘theoretical’ enterprise for many
The Monetary Authority of Macao is studying the feasibility of launching a securities market in Macau that might include a yuan-based stock exchange. But economists say ... -
Hong Kong | Police fire tear gas, rubber bullets in ‘riot situation’
Hong Kong police fired tear gas and high-pressure water hoses against protesters who massed outside government headquarters today in opposition to a proposed extradition bill that ... -
Macau could retain ‘second system’ status past 2049
Macau and Hong Kong could retain their ‘second system’ status going into the second half of the 21st century, according to an international and independent China ... -
Tenpence | We deserve a good show
This August will stage my first Chief Executive election, having arrived in Macau four years ago. Of course, like most of you, I am just an ... -
No consensus on what Japan gaming means for Macau
The integrated resort potential of Japan once again featured heavily at this year’s Global Gaming Expo (G2E) Asia, which yesterday held back-to-back sessions on the long-anticipated ... -
Courts | Chiang’s ‘re-trial’ a violation of right to defense, say lawyers
The lawyers for defendant Scott Chiang, who was this week found guilty of unlawful assembly a second time by the Court of First Appeal, have described ... -
Gaming | Analysts expect strong visitation won’t translate into growth
Analysts are not expecting much from gaming revenue growth this month after gloomy April disappointed amid soaring visitation in the special administration region. Bank of America ... -
Q&A | Robert Goldstein, Wilfred Wong, David Beckham: London to land in Macau with touch of Beckham
David Beckham returned to Macau this week for the announcement of The Londoner Macao integrated resort – the latest property to be unveiled by Sands China ... -
Chief Executive Election | Distance from casino firms a plus for Beijing
Macau’s only declared candidate for Chief Executive might be viewed favorably by Beijing because of a lack of direct links with the city’s dominant casino industry, ... -
Tourism | Visitors surge 40% over Easter fueling over-tourism concerns
Tourist arrivals surged almost 40% during the Easter holiday period, according to data provided yesterday by immigration authorities, prompting fresh concerns about Macau’s capacity to accommodate ... -
Ho Iat Seng first declared in the race for top post
Legislative Assembly President Ho Iat Seng yesterday confirmed he is putting himself forward as the first declared candidate in the race to become Macau’s next Chief ... -
Tourism | IFT clarifies 40 million visitors not maximum, but optimal number
In response to widespread discussion on whether the city is fast approaching the maximum number of visitors it can comfortably accommodate, the Institute for Tourism Studies ... -
Tourism | In calculation error, rise in visitors overstated 100-fold
In what appears to be a calculation error, Macau immigration authorities have overstated the annual rise in visitors during the Cheng Ming Festival period by a ... -
Gaming | Analysis: After sturdy March, analysts cynical on April
Analysts predict Macau gross gaming revenue will fare poorly this month, declining at a rate of between 2 and 8 percent. The prediction comes as March ... -
Gaming | Poor on paper, March is strongest month so far
Gross gaming revenue dipped 0.4 percent year-on- year in March, rounding out the quarter with a 0.5 percent contraction in the latest sign of market stabilization. ... -
Gaming | March slowdown projecting poor first quarter
A slowdown in VIP casino activity over the second half of March is expected to dampen full-month gaming revenues when the results are released on Monday. Gaming ... -
Corruption | Fraud, forgery and abuse of power more common among public officials
Commission Against Corruption (CCAC) investigators detected an increase in cases of fraud, document forgery and the abuse of power committed by public servants in 2018, especially ...
