THE M3: S'PORE FINES; PARADISE ENTERTAINMENT; GAMING TAXES; SEPT PACKAGE TOURS

THE MACAU METRO MONITOR, NOVEMBER 13, 2013

 

 

MBS, RWS FINED FOR BREACHES OF SOCIAL SAFEGUARD MEASURE Channel News Asia

The Casino Regulatory Authority of Singapore (CRA) has fined MBS S$337,500 and RWS S$190,000.  The authority said the fines are for breaches of social safeguard measures that it detected for the period of May 1, 2012 to December 31, 2012.

 

By law, the two companies need to keep certain groups of Singapore citizens and permanent residents from entering its casinos, including those without valid entry levies, those banned from entering the casinos by an exclusion order, and those under 21 years of age.

 

PARADISE ENTERTAINMENT SEES 35% SALES GROWTH ON CASINO BOOM Bloomberg

Paradise Entertainment, the supplier of gambling equipment in Macau, said it expects sales to grow at least 35% in 2014 as casino operators plan to buy more electronic table games to boost their profitability.  Casino companies are ordering more electronic equipment and replacing lower-yielding betting tables with new games that allow more players to bet simultaneously, Chairman and Managing Director Jay Chun said.  The new games would aid revenue next year when no new casino is scheduled to open, added Chun, who expects “strong replacement and new orders.”  Paradise expects sales for its slot machines to rise above 40% next year.

 

Paradise Entertainment's biggest clients include Sands China, SJM Holdings and MPEL.  Paradise Entertainment also manages the Kam Pek Paradise casino under the license of SJM.  Located next to Casino Lisboa, Kam Pek Paradise casino has 37 gaming tables, more than 900 live multi-game machines and over 300 slot machines.  It aims to operate two more casinos in the Chinese city, Chun said, without disclosing details.

 

The company currently accounts for 20% of the slot machine market in Macau and 60% of the electronic live table games market.

 

GOVT CAUTIOUS ON 2014 SPECIAL GAMING TAX TAKINGS Macau Business

Macau government expects revenue of MOP115.5 billion (US$14.4 billion) from the special gaming tax in 2014.  The sum is 25% more than budgeted for 2013.  The government tends to make conservative predictions about the growth of the gaming industry.  Its revenue from the special gaming tax this year will probably be greater than the amount it expects to get next year.  The proposed budget for next year envisages total revenue of MOP153.6 billion, 14% more than budgeted for this year, and spending of MOP77.6 billion, 6% less.

 

PACKAGE TOURS AND HOTEL OCCUPANCY RATE FOR SEPTEMBER 2013 DSEC

Visitor arrivals in package tour surged by 26.0% YoY to 944,188 in September 2013.  Visitors in package tour mostly came from Mainland China (759,272), with 272,532 from Guangdong Province, followed by Taiwan (56,789); Hong Kong (35,650); and the Republic of Korea (35,610).

 

There were 98 hotels and guesthouses operating at the end of September 2013, providing 27,807 guest rooms, up by 6.7% YoY.  The average length of stay of guests held stable as September 2012, at 1.3 nights.


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