THE MACAU METRO MONITOR, JANUARY 3, 2014
SJM HAS BIGGEST SLICE OF CASINO MARKET IN 2013 Macau Business
2013 GGR share: SJM (25%), Sands China (21.5%), Galaxy (19%), MPEL (14%), WYNN (11%), and MGM (10%). The market share pecking order was the same last year as the year before.
DRAFT GAMING BILL FAILS TO PASS LEGISLATIVE REVIEW Focus Taiwan News Channel
The Legislature's Transportation Committee approved a measure Thursday to restrict casinos to Taiwan's offshore islands, though a lack of consensus along lawmakers struck down nearly three-fourths of the items on the same bill. The committee conducted an article-by-article review of the Tourist Casino Management Act draft bill, in which 83 of the 114 articles failed to pass. Among the 31 approved articles were regulations for licensing and, notably, a measure that restricts the establishment of casinos only to offshore islands, provided they have the approval of local residents.
The Transportation Committee also passed a proposal to block government investment in casino operations in accordance with related regulations.
SJM RAISES PAY, ANNOUNCES LIVING ALLOWANCES Macau Business
Effective 2014, SJM has raised the pay of all its employees by 5%. It also announced that it would pay all its employees a living allowance this year. Those paid MOP17,000 (US$2,129) a month or less will get an allowance of 175% of a month’s salary and the rest will get 125% of a month’s salary or at least MOP29,750.
NEW YEAR BRINGS FEWER VISITORS TO MACAU THIS YEAR Macau Business
Macau had 114,250 visitors on New Year’s Day, -1.89% YoY. Gongbei was the busiest point of entry with 138,428 people having entered the city through the Border Gate.