THE M3: E-TABLE CAP; MGM COMMENTS; RESORTS WORLD MACAU

THE MACAU METRO MONITOR, JANUARY 7, 2014

 

 

GOVT STUDIES E-TABLE CAP, CLOSING SLOT PARLOURS Macau Business

According to Secretary Tam, the government is considering a cap on electronic gaming in casinos and restricting the operations of slot machine parlours.  It is unclear if Mr Tam was referring to electronic table games with a live dealer, slot machines or both.  Tam said the government wanted to close all slot machine parlours outside casino premises.  A formal request to close slot parlours and the cap on “live” tables would be reviewed in tandem with the renewal of casino concessions next year and in 2016.  The cap on live tables may continue after 2022, Tam said.

 

GAMING: MASS MARKET AND ELECTRONIC TABLES EXPECTED TO GROW Macau Daily Times

MGM Macau’s Executive Director of Business Development – Casino Market, Michael Jensen said, “We expect that the market-wide growth of VIPs would probably be between 10-15%, and growth in the mass market may be between 25-30%, from a market perspective.”  Jensen said that they have been progressively increasing the minimum bets across the mass floor, and will continue to raise the amount in 2014. “The main reason for that is, particularly, the lack of supply or the lack of tables available for the mass market”.   As for the revenue during the Chinese New Year period, Jensen refused to predict the percentage growth for the period, only revealing that their hotel rooms have been fully booked. “We think there will be a substantial increase in players and people coming to Macau over that period. We are expecting growth year after year definitely."  

 

GENTING ARM MAKES PLANS FOR RESORTS WORLD MACAU Macau Business

Treasure Island Entertainment Complex Ltd, a company linked to Genting Hong Kong Ltd, has outlined plans to build a boutique hotel on reclaimed land opposite the Casino Lisboa.  Chairman Yany Kwan said the proposal did not cover gaming facilities, but an unnamed source said gaming may be included.  The development, in Praça de Ferreira do Amaral near Nam Van Lake, could include a low-rise boutique hotel with hundreds of rooms, shops, and facilities for entertainment, meetings and exhibitions.  The working name for the project is Resorts World Macau, using the same brand as Malaysia’s Genting Group uses for its casino-resorts.  Treasure Island said the 8,100-square-metre site was granted in 2008.


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