A seven percent year-on-year rise in Chinese visitation during the second half of January suggests that Macau’s recovery is still well underway, despite gross gaming revenue falling below expectations for the month. Macau’s GGR grew 3.1 percent in January to MOP$19.26 billion, well...
Category - Gaming
Sydney to host world’s richest turf race
Sydney is set to play host to the richest turf race in the world with the announcement of “The Everest.” The 1,200-metre sprint will be held at Royal Randwick in October and will boast a huge AU$10 million prize pool. The winner would take home AU$5.8 million – almost as much as the...
Macau January GGR up 3.1 percent
Macau’s gross gaming revenue rose 3.1 percent in January to MOP$19.26 billion, representing the sixth straight month of year-on-year growth. However, it fell below expectations of a rise between 8 and 10 percent and was significantly lower than the 8 percent year-on-year increase enjoyed in...
Former Sands China boss Ed Tracy to head up Hard Rock Japan
Former Sands China Chief Executive Officer Ed Tracy has been appointed CEO of newly launched Hard Rock Japan LLC in a strong sign of the company’s intent to pursue a Japan casino license. Boasting a long history within the gaming industry, Tracy was CEO of Trump Organization in Atlantic City...
Macau management quota can’t be rushed
A respected Macau gaming industry academic has warned against rushing locals into upper and middle management positions after the city’s Labor Affairs Bureau announced last week that it would not renew work permits for some high-ranking foreigners. Bureau Director Wong Chi Hong told a...