| | Galaxy announces Andaz Macau hotel as part of Cotai expansion
Gaming operator Galaxy Entertainment Group (GEG) has announced that an Andaz Macau hotel will open in the first half of 2021 as part of its planned Cotai property expansion.
The Andaz hotel brand was launched by Hyatt Hotels Corporation, with about 21 Andaz hotels currently open, including in Singapore, Shanghai, and Tokyo.
The new hotel will include a dedicated check-in lounge catering to large MICE groups, over 700 rooms and suites, an Andaz lounge, a bar and restaurant, a fitness center and an indoor pool, with the property to complement the future Galaxy International Convention Center (GICC) and the 16,000-seat Galaxy Arena, set to open at the same time.
‘With Andaz Macau, we will work closely with Hyatt to create experiences that truly showcase what is special about this destination, while further contributing to the strength of Macau’s tourism and MICE industries,’ the Vice Chairman of GEG, Francis Lui, said in the new announcement. |
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| | MGS: Celebrating Macau SAR's 20th Anniversary
This year, the show counts on the participation of the China International Import Expo (CIIE), hosted by the Ministry of Commerce of the People’s Republic of China-Shanghai Municipal People’s Government.
Another highlight will be the inclusion of MGS in the CCTV’s (China Central Television) documentary on the 20 years after the SAR’s handover.
MGS has continuously reinforced its position within the Central Government's strategic vision and plans for the region, namely the Great Bay Area development, as well as within the city’s objective to diversify its economy in order to become a world leader in leisure and entertainment.
In terms of technology, as stated in the previous press conference that took place in October, it is the co-operation between MGS and local telecommunications provider, CTM that will draw the most attention. Professionals and other visitors will observe the endless opportunities of 5G technology including in the gaming industry.
In order to incorporate the government’s vision to establish ‘One Centre, One Platform’ in Macau, this year MGS is positioning itself as a window to promote the globalization and competitiveness of Chinese Enterprises.
MGS will introduce ‘The Capital of Gifts’, from Yiwu city, specialized in the most creative souvenirs that for sure will catch the exhibitors' attention.
YongKang city will be present as well, showing advanced hardware products for the Hospitality industry. |
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| | Mass market share expansion sustaining positive results
Analysts consulted by Macau News Agency (MNA) consider that gaming operators’ efforts to increase their mass-market share are helping them to record positive results despite an overall drop in VIP results.
Macau’s gross gaming revenues have recorded a slight drop of 1.8 per cent to MOP246.7 billion (US$30.5 billion) in the first 10 months of this year.
Between January and September VIP baccarat results – which amount for almost the entire VIP gaming sector – went down 17 per cent year-on-year to MOP102.9 billion, while all other casino table and machine games have risen by almost the same percentage to MOP117.3 billion, Gaming Inspection and Co-ordination Bureau (DICJ) data indicated.
However, despite recording a decrease in VIP revenues, gaming operators who have so far divulged financial results for the third quarter of this year – Sands China, SJM, Melco Resorts and MGM China – have shown increases in their mass-market revenues and a rise in adjusted earnings before interest, tax, depreciation and amortization (EBITDA) during the first nine months of the year. |
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