Chief Executive Ho Iat Seng said that “anything is possible” concerning the timing of the bidding process for Macao’s gaming concessions which expire in June 2022.
gaming industry
Gaming operator SJM Holdings said on Thursday that while it has been “severely impacted” by the COVID-19 outbreak and Macao’s ongoing restrictions on entry from the mainland, Hong Kong and other places, as well as the curtailment of transportation channels and quarantine requirements, it has seen “the beginnings of recovery in visitation, hotel occupancy and visitor spending.”
Wynn Resorts Macau Executive Director Linda Chen told reporters yesterday she expects gaming industry revenue to stabilise this year and hopes that there will be a slight rebound by the end of the year. Chen made the comments at Wynn Macau where she attended the opening of a business matching session with local small- and […]
Morgan Stanley warns of overcapacity in Macau as thousands of rooms and hundreds of gaming tables come online by 2017, according to a note from the brokerage. “This could result in either cannibalization or rise in competition – thus, margin erosion,” says the note. Morgan Stanley analysts say Macau will see over 6000 new rooms […]
The number of cases registered by the Judiciary Police (PJ) in 2015 grew to 11,305, which constitutes 568 more cases than in 2014, representing a year-on-year growth of 5.3 percent. These results were presented to the press yesterday during the annual police New Year meeting, held at PJ headquarters. From the annual report, the PJ […]
Responding to a resident’s comment that “gambling is 90 percent a scam”, newly appointed Gaming Inspection and Co-ordination Bureau (DICJ) Director Paulo Martins Chan said that the government would do its best to minimise any possible negative impact that the gaming industry may have on civil society. The director, who took up his position last […]
Secretary for Economy and Finance Lionel Leong Vai Tac urged all sectors of civil society to put in an effort along with the government to face the city’s economic transition in a positive way and with an attitude as if “fighting a prolonged war”. Leong made the remarks during an unannounced meeting with representatives from […]
SJM Chairman Ambrose So Shu Fai said the gaming industry hopes that the government will come up with new measures to boost tourism. So made the comment on the sidelines of the gaming operator’s annual charity auction and dinner at Grand Lisboa. The auction of five lots of meals at Michelin three-star French restaurant Quintessence […]
Former Assistant Public Prosecutor-General Paulo Martins Chan was officially sworn in on Tuesday as the director of the Gaming Inspection and Coordination Bureau (DICJ), bracing himself for a new chapter of his career expected to be fraught with challenges. The gaming regulator’s new head, appointed by the Secretary for Economy and Finance, Lionel Leong, told […]