Chelsea Tam is the equity research analyst – gaming and consumer discretionary at Morningstar. Previously, she was a research analyst at Emporer Securities.
Osaka Governor Ichiro Matsui, a regional politician known to be in favor of establishing IRs, has openly criticized the proposals regarding entry to casinos, now being considered by the central government, as being too restrictive. At his June 21 press conference, Governor Matsui answered reporters’ questions an IR in Osaka Prefecture for about 15 minutes. […]
VIP baccarat revenue grew 12.6 percent year-on-year to MOP 33.3 billion (US$4.2 billion) in 16Q4, according to data from the Gaming Inspection and Coordination Bureau. The results are significantly higher compared to VIP revenue in the fourth quarter of 2015, which was MOP 29.6 billion. It also beat the preceding quarter VIP by 16.3 percent. […]
Stronger than expected gaming revenue in the fourth quarter of 2016, along with improvements in VIP and mass play could see Macau achieving gaming revenue growth of 6 percent in 2017, say analysts from Morningstar. “We have revised our near-term Macau gross gaming revenue growth forecast, based on our industry checks that point to improvement […]
The Secretary for Economy and Finance, Lionel Leong says the city’s new withdrawal limits for mainland bank cards would not have any impact on the gaming industry. Macau’s casinos stocks took a hit last week after SCMP reported that the Macau government was looking to cut the daily withdrawal limit from MOP 10,000 (US$1,251.9) to […]
The Macau government is planning to introduce a bill that would require visitors to disclose cash holdings of more than MOP 120,000 (US$15,000) at entry, local media reports. Executive Council spokesman Leong Heng Teng said the measure would help to prevent money-laundering activities in the city. He made the comments when introducing the bill at […]
Wynn Palace will see gradual ramp up in the short term as it increases marketing efforts and connectivity enhances, said a note from Morningstar over the weekend. “We have seen more aggressive marketing at Wynn Palace, which has increased foot traffic and should help with gaming revenue,” noted Chelsea Tam, equity analyst at Morningstar. As […]