May 22, 2012,Tue Partly Cloudy 24°C ~ 28°C   | Wed Sprinkles 24°C ~ 29°C   | Thu Showers / Clear 24°C ~ 29°C
  Analysis
  Business
  CEO Profile
  Economy & finance
  Editorial
  Education
  Features
  Gaming
  Greater China
  MB Report
  MICE
  News in brief
  Opinion
  Pearl River Delta
  Politics & diplomacy
  Property
  Retail
  Sponsored Articles
  Statistics
  Technology
  Tourism
  Transport
ISSUE 96 - Apr 2012
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2012?
Decline
Growth above 20 percent
Growth from 10 to 20 percent
Stagnation
 
 

Wang visits to casinos anything but spontaneous: analysts


Posted: 7/8/2011 1:33:06 PM
Rating:     100% (1 votes)
  

In Beijing-style politics, a gesture often speaks louder than words. That is why analysts say the unexpected visits by a high-ranking mainland official to several hotel-casinos in Macau, believed to be the first of their kind, were anything but spontaneous, Macau Business reports in its July issue.

Last month, while in Macau on a three-day working trip, the director of the Hong Kong and Macau Affairs Office of the State Council, Wang Guangya, visited the Grand Lisboa and Galaxy Macau hotel-casinos. He also had dinner at MGM Macau.

He did not visit any of the casinos’ gaming floors.

University of Macau gaming expert Ricardo Siu says Mr Wang’s visits confirm the importance of casino gaming to the local economy and that Beijing has learned to accept this.

The head of Union Gaming Group’s Macau subsidiary, Grant Govertsen, considers it possible that Mr Wang’s visit is a sign that Beijing is not thinking about making it more difficult for mainlanders to visit Macau in the short run.

Gaming law expert Jorge Godinho remarks that Mr Wang’s visits were “unusual”.

In his blog Mr Godinho says argues: “More broadly, the fact that Mr Wang actually visited some casinos, a rare or even remarkable step by itself, is clearly a sign of support to the Macau gaming industry.”

Read the full version of this article in the July issue of Macau Business magazine, now available at selected newsstand outlets in Macau, Hong Kong bookshops, by subscription and at partner hotels, restaurants, airlines and ferry carriers in Macau.



Other Macau Latest News

Edward Tracy hopes for more imported labour

Sands China’s CEO says some relaxation will go ahead as more casino resorts open

G2E Asia kicks off

Asia's largest gaming expo opens at the Venetian Macao

Suspected fraudulent SJM website

The company says it has already reported the issue to authorities

Possible delays

A legislator says the casino age entry bill could fail to meet the July deadline
Headlines

Sands China leads Cotai walk-in mass market

The gaming operator’s properties account for almost two thirds of walk-in visitors, says Union Gaming

Final review on rules for smoking areas inside casinos

Casinos will have to divide their floor into smoking and non-smoking areas starting next year

Homes more expensive

The average transaction price of all residential units sold in the first three months of 2012 reaches a new all-time high

Sands China renews Edward Tracy’s contract

The company’s president and CEO has had his contract extended until August next year

No Comments

No comments yet.

Sorry, the comment form is closed at this time.

1. Studio City to receive casino approval “soon”: report
2. Steve Wynn unveils details about Cotai project
3. Gov’t to control new casino openings: Union Gaming
4. May ‘critical’ for assessing Macau gaming industry
5. Steve Wynn explains Tien Chiao deal
 
 US
DJIA
Nasdaq 2,847.21 +68.42
S&P 500 1,315.99 +20.77
 Europe
DJ Stoxx 50 2,150.16 +5.47
DAX 6,331.04 +59.82
FTSE 100 5,304.48 -33.90
 Asia
Nikkei 225 8,722.87 +88.98
Hang Seng 19,096.07 +173.75
STRAITS TIMES INDEX 2,819.02 +28.86
S&P/ASX 200 4,112.90 +39.300
2012-5-22
Partly Cloudy
24°C ~ 28°C
2012-5-23
Sprinkles
24°C ~ 29°C
2012-5-24
Showers / Clear
24°C ~ 29°C
More >>
  Home The Magazine Subscribe Advertising Events MB Specials Contact Us  
Copyright © Macau Business 2010. All rights reserved.