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Articles tagged “macau”

Daily Lodging Report

Macau Tourism Arrivals Still a Small Fraction of 2019 Numbers

Macau’s Statistics and Census Service said the SAR saw a total of 5,700,339 visitor arrivals in 2022, down 26% year on year. The 2022 figure compares with 7.7 million arrivals in 2021 and a record 39.4 million arrivals in 2019.

Hotels

Hotel Design Goes Very Big

Today’s edition of Skift’s daily podcast looks at a new hotel design trend, United's deal with Mesa Air, and a rare big non-gaming deal in Macau.

Hotel Design Goes Very Big

News Blog

Macau Casino Companies Pledge Over $13 Billion Investment on Non-Gaming Activities

Six casino companies have agreed to invest a total of $15 billion in Macau over ten years, with more than 90 percent of the money pledged to non-gaming activities. In line with the easing of Covid quarantine rules for inbound arrivals, Macau has renewed the casino licenses of six companies — MGM China, Galaxy Entertainment,…

News Blog

Macau Announces November Return of Mainland China Tour Groups

Macau plans to reopen to tour groups from Mainland China in November, the city's government announced on Saturday. Macau Chief Executive Ho Iat-seng said China's central government approved the city's request to welcome mainland tour groups again. Their return should be an enormous boost for Macau, a gambling hub that's been hit hard by China's…

Hotels

Thailand Looks to Legalize Casinos in Latest Effort to Win Back Tourists

As Thailand pulls out all stops to woo tourists, the number one tourism destination in Southeast Asia pre-pandemic is clearly feeling like it may lose out to its neighbors if it doesn't roll the dice.

Thailand Looks to Legalize Casinos in Latest Effort to Win Back Tourists

News Blog

MGM in Talks With Genting for Potential Purchase of Resorts World Sentosa

Casino-resort Genting Singapore is in talks with bidders for the purchase of Resorts World Sentosa and US-based MGM Resorts International is one of the top contenders, according to Bloomberg reports. While MGM’s recent talks with Malaysia’s Lim family, that owns 53 percent stake in Genting Singapore, failed to yield an agreement, the Singapore-based casino operator…

Coronavirus

Casino Resorts Look to Diversify Asia Growth Beyond Macau

MGM Resorts International and Las Vegas Sands aren’t writing off Macau, but they also aren’t solely focusing on China’s gaming hotspot for growth in Asia.

Casino Resorts Look to Diversify Asia Growth Beyond Macau

Hotels

MGM Resorts Eyes Sale of the Mirage Amid Growth in New Sectors

Out with the old. In with the new. The Mirage is the aging grand dame in the MGM Resorts Las Vegas portfolio compared to newer trophy deals like managing the Cosmopolitan.

MGM Resorts Eyes Sale of the Mirage Amid Growth in New Sectors

Hotels

Las Vegas Sands CEO Praises China With Macau Gaming License Up for Renewal

Macau is an extraordinarily important gaming market for Las Vegas Sands, and the company’s third quarter earnings call was a giant love fest for China’s gaming regulators. What else are company leaders going to do but schmooze the people in charge of renewing their gaming license?

Las Vegas Sands CEO Praises China With Macau Gaming License Up for Renewal

Coronavirus

Why MGM Resorts Is Placing a Huge Bet on Asia

The panic's over. Las Vegas' gigantic venues will soon be back selling things like concrete and computers at full capacity. Which is why MGM's CEO and president William Hornbuckle is looking further afield for the brand's next chapter.

Why MGM Resorts Is Placing a Huge Bet on Asia