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Articles by Alidad Tash
Elevated walkways could make Cotai more enjoyable for the visitor
Imagine a local transport system that did not run on fossil fuel and was free for tens of thousands of users. It would relieve road congestion with a tiny fraction of the time and money required to build a train network. Once constructed, the system would greatly improve the visitor experience. I’m talking about a network of elevated pedestrian walkways with travelators, like those in most modern airports. Macao, in particular Cotai, needs them badly.
Opinion: This is the one thing Macao must do if it wants to diversify away from gaming
The Macao government wants non-gaming activities to make up 60 percent of GDP by 2028, with the remainder to be provided by gaming tax revenue. When you consider that non-gaming activities provided just 16 percent of GDP in pre-pandemic 2019, the scale of the ambition becomes clear. To help achieve the goal, the authorities have required gaming companies to collectively spend 130 billion patacas (US$16.1 billion) outside the gambling halls over the next ten years.
Top-performing Macau casinos 3Q19 vs 3Q23
Trainers and jockeys at Macau Jockey Club were planning to strike over a recent decision to reduce prize money by 30% before the organization agreed to delay any such reduction just before last Saturday’s race meeting, IAG has learned. The...
Market share gains and losses for Macau companies in 3Q23
Inside Asian Gaming’s Ben Blaschke spoke with Lloyd Robson, General Manager – Asia for Aristocrat, at MGS in Macau this week where they discussed the company’s latest slot machine releases, growth opportunities across Asia and what to expect from Aristocrat...
Market share gains and losses for Macau companies in 3Q23
Macau's concessionaires should avoid “repetitive” investments and focus instead on establishing a unique positioning if they are to see true benefits from their mandated non-gaming spend, according to MGM China President and COO, Hubert Wang. Wang was part of a...
How would you spend a trillion patacas? (That’s US$124 billion)
Because of the Covid-19 pandemic, 2020 was the worst year in decades for casinos around the world. But unlike operators in most other jurisdictions, which had the power to layoff their employees and ended up doing so, Macao’s integrated resorts didn’t touch their local hires, who comprise the vast majority of their headcount. They strongly believed they would lose any chance of renewing their expiring gaming licences, if they were to do so.
Casinos in Macau in 2023
The global head of real estate for US private equity giant The Blackstone Group says it has already spent “hundreds of millions of dollars” on revamping Australia’s Crown Resorts and will spend much more in the years ahead. In an...
Top Macau casinos in Adjusted Property EBITDA in 2Q19 vs 2Q23.
MGM will host the “Oktoberfest Macau at MGM 2023” from 12 to 23 October, marking the 13th year of the iconic event. One of the most popular annual events in Macau since its inception, Oktoberfest Macau at MGM 2023 continues...
Top Macau casinos in total GGR in 2Q19 vs 2Q23
Hong Kong-listed Success Universe Group Ltd returned to profit in the six months to 30 June 2023, aided by the recovery of Macau integrated resort Ponte 16. According to the company’s 1H23 financial results, profit attributable to owners of the...
Market share gains and losses for Macau companies in 2Q23
A Macau crime syndicate used fake chips to defraud one of Cotai’s most prominent casinos of HK$5.7 million (US$727,000), with Macau police arresting two mainland men and looking for at least six other fugitives. The incident took place on the...
Macau stock price comparison: 2023 versus pre-pandemic
Light & Wonder Inc said today it has entered into a definitive agreement to acquire the remaining 17% equity interest in SciPlay that it doesn’t already own as part of a US$485 million deal. The final agreement represents a price...
Opinion: Macao can forget about being an international destination until it fixes its taxi problem
Macao’s government says it wants to increase the number of foreign visitors, who presently make up less than four percent of all arrivals in the territory.
Macau casinos post second-best month this year in June despite 2.3% revenue drop to $1.88B
Macau casinos’ gross gaming revenue dropped by 2.3% in June from the previous month to MOP15.207 billion ($1.88 billion), according to a report released by the Gaming Inspection and Coordination Bureau (DICJ). However, despite the monthly drop, the latest data represents a 205% increase compared to the same period last year, and the second-best month this year so far.
Wynn and MGM comparison on Las Vegas Strip and in Macau
The World Poker Tour is set to host the largest single live tournament guarantee in the history of poker, with the first ever US$15 million guaranteed prize pool to be offered at Wynn Las Vegas in December. The WPT World...
Macau’s 2022 Forbes Travel Guide Five-Star Award Winners
Mainland China and its two SARs might still be closed to the rest of the world, but that hasn’t stopped some businesses from joining the rest of the world in embracing recovery. Hong Kong Airlines announced this week that it...
Key metrics for Macau gaming companies in 1Q22
Australia’s Star Entertainment Group continues to follow the same path recently trodden by its local rival Crown Resorts with two directors announcing their intention to stand down from the Board. According to an ASX announcement by the company on Friday...
Best 2021 gaming performance in Macau
The company formerly known as Scientific Games Corporation has officially completed its legal name change to Light & Wonder, Inc, and will start trading on the NASDAQ under the ticker symbol “LNW” from Friday 29 April 2022. Reiterating comments made...
A number of Macau’s casino concessionaires could report negative EBITDA for the three months to 31 March 2022, driven by weaker visitation and revenue throughout much of March. According to an earnings preview published by investment bank Morgan Stanley on...
Post-pandemic gaming recovery of six regions through 2021
An inquiry into the suitability of The Star Sydney to retain its NSW casino license has claimed its first major casualty with Matt Bekier stepping down as Star Entertainment Group’s Managing Director and CEO. His departure comes in the wake...
Key metrics for Macau gaming companies in 4Q21
Cambodia’s Minister of Interior, Sar Kheng, is set to host a meeting with other government ministers in an effort to resolve the ongoing dispute between NagaWorld and a group of former employees. According to a report by The Phnom Penh...
Hong Kong and Macau vaccination rates through 1 March 2022
Galaxy Entertainment Group (GEG) has become the latest of Macau’s concessionaires to offer leave to staff who need to accompany family members to receive their COVID-19 vaccines. The company said it will offer paid Family Vaccine Leave and Special Vaccine...
Las Vegas Strip and Macau monthly and annual GGR comparison
The first three days of the Chinese New Year holiday period saw 34,886 visitors arrive into Macau, a 14.6% improvement over the same period last year but still way down on pre-COVID levels. According to figures published by the Public...
World population projections from 2025 to 2100
Macau officials have announced that a 14-day ban on all civilian flights from foreign countries will end as of next Monday 24 January. The ban, in place since 9 January, was in response to the spread of the Omicron variant...
Gaming, Big Tech and Crypto prices in 2020 and 2021
The University of Nevada, Las Vegas (UNLV) has partnered with online wagering giant Entain to launch a new online training program for operators, regulators, lawyers and others who work in and around the global gaming industry. The classes, beginning on...
No changes for Macau
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Top 12 Covid vaccination rates by continent as of 14 December
The decline of Macau’s junket sector is seen as a long-term positive for the stability of the local gaming industry, with a decent chunk of former junket players likely to convert to direct VIP and premium mass, according to brokerage...
Hong Kong and Macau vaccination rates through 1 December 2021
Sands China Ltd has revealed details of a sharing session held for team members and interns at The Parisian Macao last month, part of its program to develop local talent. The session, featuring five speakers including director of the Macao...
Cryptocurrencies vs Gold vs Stocks through 24 November 2021
The countdown is now well and truly on with just 100 days to go until the start of “Regulating the Game”, a 5-day gambling regulatory education program to be held in Sydney, Australia from 7 to 11 March 2022. Co-developed...
Macau annual records in mass win per table per day
The first of six auctions to sell off gaming equipment owned by Saipan casino operator Imperial Pacific International (CNMI) LLC will be held on 30 November as receivers look to redeem more than US$2 million owed under a US District...
3Q21 key metrics for Macau gaming companies
Philippines Tourism Secretary Bernadette Romulo-Puyat has revealed talks are underway over a potential travel bubble with South Korea that would see fully-vaccinated Korean visitors become the first allowed quarantine-free entry since the start of the COVID-19 pandemic. In an interview...
Macau annual records in Adjusted Property EBITDA
Matt Maddox has announced plans to step down as Wynn Resorts CEO in 2022, to be replaced by current Wynn Interactive CEO Craig Billings. Maddox will vacate the top job on 31 January 2022 although he will remain on the...
Las Vegas Strip and Macau monthly GGR comparison
The increasingly strong performance of Genting Group’s US casinos bodes well for the reopening of borders in the company’s traditional strongholds of Malaysia and Singapore, with pent-up demand continuing throughout the September quarter, according to Nomura research analysts. Genting owns...
Macau annual records in total gaming win
Macau’s daily gross gaming revenue just about doubled in the seven days from 18 to 24 October 2021 when compared with the previous week, buoyed by the easing of border restrictions with mainland China, according to a note from brokerage...
Macau annual records in VIP win
Up to half of those planning to visit Macau from mainland China during the 1 October Golden Week holiday have already cancelled their trips, with more likely to follow, according to analysts. The bleak outlook, coming just days before what...
Top 15 COVID vaccination rates by continent through 13 September
Yesterday was an abject lesson in how markets can panic. How fear can really win out over greed. We’re told markets tend to overreact to bad news, but honestly, yesterday was a bit ridiculous. At the close of trading on...
Vaccination rate by country through 10 August
Australian slot machine supplier Ainsworth Game Technology has upgraded its guidance for the six months to 30 June 2021 on stronger than expected recovery in the Australian and North American markets. Ahead of publication of its FY21 financial results later...
Summer Olympic appearances and medals by nation
The Cambodian government has announced a two-week curfew for all cities nationwide as it looks to quash the spread of the COVID-19 Delta variant. In a sudden and dramatic heightening of the country’s COVID measures, the curfew will be in...
Macau annual records in slot win
Questions have been raised over the reform agenda of embattled Australian casino giant Crown Resorts after it was revealed the company wrote to the Victorian government earlier this month seemingly seeking assurances around potentially damaging findings that could arise from...
Las Vegas Strip and Macau monthly GGR
Osaka Prefecture and city have announced they will hold the “Know, Understand, Think, Integrated Resort (IR) Seminar” at the Everyday Intesio on 30 July 2021. The same seminar has been held continuously since 2017, aiming to help residents understand and...
Macau annual records in mass table win
Live games provider TVBET has announced a new deal with Polish bookmaker LV Bet that will see the latter provide three TVBET games to its customers. LV Bet has been offering its services to the market since 2015, providing comprehensive...
COVID-19 cases and vaccinations in APAC through 14 June 2021
On 15 June, the Kanagawa chapter of the Constitutional Democratic Party announced its support for Professor Takeharu Yamanaka of the Yokohama City University Academy of Medicine as an independent candidate in the Yokohama mayoral election. The election will be held...
Cryptocurrencies vs Gold vs Stocks through 1 June 2021
Melco Resorts & Entertainment has announced plans to co-organize the World University Cyber League 2021, an eSports event it says will help promote the government’s efforts towards economic diversification. The event will be jointly held at Melco’s Studio City and...
1Q21 key metrics for Macau gaming companies
Yokohama City is expected to reveal how many companies have submitted screening documentation to take part in its Request for Proposal process to develop an integrated resort by the end of May after the application period ended Monday. As previously...
Gaming and Big Tech stock performance through 10 May 2021
Casinos in the Indian state of Goa look set to remain closed for some time after the government announced this week a two-week, state-wide curfew until 7am on 24 May. The curfew is the latest measure taken by local authorities...
Road To Recovery
It’s been a rough 12 months for Macau’s gaming operators, but there is good reason for optimism in 2022 and beyond. In a recent research note titled “Welcome to 2022: Beyond reopening”, Morgan Stanley analysts Praveen Choudhary, Thomas Allen and Gareth Leung foretell a “new-look Macau” that will greet the post-COVID world.
Worldwide COVID-19 cases and vaccinations through 27 April 2021
Artyzen Hospitality Group has unveiled new branding for its peninsula hotel Grand Lapa, which will now be known as Artyzen Grand Lapa Macau. First opened in 1984, the rebranding follows completion of a recent renovation which saw modern touches implemented...
COVID-19 cases and vaccinations in APAC through 20 April 2021
The number of foreign visitors to Japan in March was just 12,300, down 93.6% year-on-year just three months out from the start of the 2021 Olympic Games in Tokyo. The figures, published by the Japan National Tourism Organization (JNTO), were...
Michelin awards in Macau - Part 2
Just two of the eight casinos on South Korea’s Jeju Island are currently operational after it was revealed that Gongzi Jeju has become the sixth to close its doors over the past 12 months. Gongzi Jeju joins MegaLuck, Royal Palace,...
Macau and Las Vegas monthly GGR
Japanese pachinko hall operator Okura Holdings has reached an agreement to purchase a residential and commercial building in Nagasaki as part of efforts to diversify its income streams due to the impact of the COVID-19 pandemic on its business last...
Michelin awards in Macau - Part 1
G2E Asia has announced that it will hold an online expo and conference on Tuesday 25 May 2021. While few details have been provided, organizer Reed Exhibitions said this week that the expo, scheduled to take place on the same...
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