Macau Daily Blog and News » Macau Casinos

Macau Gaming Revenue is Stalling

a2zMacau — Tue, 23 Sep 2008 14:35:00 +0000

Revenue from gaming so far this year is similar to that for the same period last year, the Secretary for Economy and Finance, Mr Tam Pak Yuen, disclosed today.

He said despite a slowdown in growth, the Government was still confident revenue would be maintained at its present level.

On the recent lay-offs by a gaming operator, Mr Tam said this was not a common occurrence. He said that each gaming company would adjust its human resources accordingly to its business.

However, the adjustment should be implemented legally and reasonably, he said, and the aggrieved could bring their complaints to the Labour Affairs Bureau.

Mr Tam stressed the gaming industry was in a stable condition.

He said he has not heard of any plans for mass lay-offs. If there was any, it would be communicated to the Labour Affairs Bureau, he said.

The Bureau was now studying the promotional plans for local gaming staff submitted by the companies, he added.

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Macau Casino Employment Grows by 22.9%

a2zMacau — Sun, 30 Mar 2008 02:14:34 +0000

At the end of the fourth quarter of 2007, there were 44,743 paid employees engaged in the Macau Gaming Industry, up by 22.9% year-on-year. Analyzed by occupation, 30,486 were engaging in positions that are directly related to betting services, such as hard and soft count clerks, cage cashiers, pit bosses, casino floorpersons, dealers, betting service operators, etc., corresponding to a year-on-year growth of 34.5%; meanwhile, 5,341 were working as casino and slot machine attendants/hosts, security and surveillance workers, etc., down by 5.3% from a year earlier.

In December 2007, average earnings (excluding bonuses and allowances) for full-time employees in the Gaming Industry rose by 6.6% year-on-year to US$1,862. Average earnings for employees in positions that are directly related to betting services stood at US$1,867, up by 2.0% over December 2006. The average earnings for services and sales workers, including casino and slot machine attendants/hosts, security and surveillance workers, etc., increased by 10.9% to US$1,119.

At the end of December 2007, the Gaming Industry reported 3,411 vacant posts, a decrease of 2,220 from a year earlier. Of these vacancies, 1,685 were for hard and soft count clerks, cage cashiers, pit bosses, casino floorpersons, dealers, betting service operators, etc., while 994 vacancies were for services and sales workers.

In terms of recruitment prerequisites, 62.7% of the vacancies required no working experience; 94.8% required junior secondary or higher education. Besides Cantonese, other preferred language skills were Mandarin (75.5%) and English (50.7%).

Courtesy :: Macau Statistics and Census Service

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The Lowdown on Macau Casinos

a2zCasino — Tue, 18 Mar 2008 11:41:13 +0000

It has been a year of activity and inactivity, events and non-events, giddy successes and flops, and most of all, lessons on what to do or not to in Macau.Stanley Ho’s SJM unveiled its answer to the new operators, the Grand Lisboa, in February 2007. Then came Crown Macau in April 2007, the gargantuan Venetian Macao in September 2007, followed by MGM Grand Macau in December 2007, followed lastly by Stanley Ho’s Ponte 16 Casino on 1 February 2008.

Some readers have raised eyebrows on the lack of commentary on my part on the new SJM properties, saying that I focused purely on the new entrants to the market.

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Macau Casinos Have Best Security Systems in the World

a2zCasino — Sat, 15 Mar 2008 09:04:17 +0000

According to the chief of the Gaming Inspection and Co-ordination Bureau (DICJ), Macau casinos have the tightest and most modern security of all the world’s gaming venues.

Arriving back from a trip to London, which included informal discussions with European gaming regulators, Manuel Joaquim das Neves said the security in Macau is the best he has ever seen.

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Are Free Energy Drinks to Be Introduced in Macau Casinos?

a2zCasino — Sat, 15 Mar 2008 03:13:17 +0000

Innovation in the casino industry is rare these days. Our industry has been labeled a copy-cat industry since we tend to copy more than we create. There is nothing wrong with that as long as it is legal and everyone benefits. However, there is still plenty of room for creativity and innovation in casinos.

This month’s kudos for casino innovation goes to Mike Barlow, Vice President of Food and Beverage at Twin River Casino and the Twin River Casino management team. Mike and the executive team at Twin River Casino are the first casino management team to make an innovative decision to private label an energy drink for their casino.

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Macau Casino 2008 Revenues Projected to Hit Record US$12.5 Billion

a2zMacau — Thu, 13 Mar 2008 05:25:49 +0000

Macau’s gaming revenue for this year is expected to see a double-digit increase, the total of which will reach US$12.5 billion, said Lau Pun Lap, member of the Legislative Assembly.

He estimated that this year’s gaming revenue growth will be lower than last year, but as industry development keeps its momentum, a double-digit increase can be sustained this year. Please tell me more! »

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Macau Gaming Revenue This Year to Hit US$12.5 Billion

a2zCasino — Thu, 13 Mar 2008 05:10:58 +0000

Macau’s gaming revenue for this year is expected to see a double-digit increase, the total of which will reach US$12.5 billion, said Lau Pun Lap, member of the Legislative Assembly.

He estimated that this year’s gaming revenue growth will be lower than last year, but as industry development keeps its momentum, a double-digit increase can be sustained this year.

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Macau Casinos Eating up Land for Locals Homes

a2zMacau — Sat, 23 Feb 2008 09:48:42 +0000

Local legislator and president of CAA City Planning and Engineering Consultants, Jose Sai-Peng Chui, presented diagrams showing how new land developments earmarked for urban development were switched to almost 100 per cent hotel and gaming use.

Examples of the land reclamation in the NAPE district, to the east of Macau peninsula, and the Cotai Strip between Taipa and Coloane, illustrated the dramatic change in intended land use. Please tell me more! »

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Beside Soaring Profits MGM Mirage Will Go Ahead With Cotai Strip Project

a2zMacau — Fri, 22 Feb 2008 01:36:04 +0000

There is little mention about their Macau Casinos, except on the Dec. 18 opening of the $1.25 billion MGM Grand Macau, a 50% joint venture in the Chinese gambling enclave of Macau, which had preopening and start-up expenses in the 2007 quarter of $25 million related to the preopening expenses at MGM Grand Macau. It also recently obtained funding for what Lanni called “seed money” for a second project on Macau’s Cotai Strip.

Casino giant MGM Mirage Inc. reported soaring fourth-quarter profits Thursday, including a hefty gain related to its CityCenter project under construction on the Las Vegas Strip.The world’s second-largest casino company said net income surged to $872.2 million, or $2.85 per share, in the period ending Dec. 31, compared with $201.6 million, or 69 cents per share, in the same period in 2006.

“Our future in this year, 2008, and well beyond is very bright,” Terry Lanni, company chairman and chief executive, told analysts in a conference call that emphasized the company’s diversification and developments in the U.S. and abroad.

For the full story check :: MGM Mirage Profit Soars

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SJM to Develop Six More Macau Casinos, Including Cotai Strip

a2zMacau — Sun, 27 Jan 2008 05:58:29 +0000

SJM, which operates 18 of Macau’s 28 casinos, has been trying to list it’s IPO with aims to raise US$1 billion by selling a 25 percent stake. SJM, which once had a monopoly on Macau gambling, accounted for 42 percent of the territory’s gaming revenue at the end of last year. This percentage is expected to drop to around 20 percent next year, apparently during the first two weeks of 2008 SJM’s share has reportedly dropped to 31 percent. On top of this profit for 2007 is expected to have fallen about 50 percent to US$156 million, down from US$312.5 million a year earlier, this surely must hurt them!

So where does this leave Dr Stanley Ho’s empire, well SJM/STDM has plans to over the next three years to spend more than US$1.4 billion on six new projects. This investment compared to what Galaxy, Melco PBL, Las Vegas Sands and Wynn are spending on their casinos is really peanuts! Please tell me more! »

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