Essential information and facts about Macau: Total Area
Population Median Age Religions
Ethnic Groups
Unemployment Government type
28.2sq.km 696,000
40.8 years
Folk religionist (59%), Buddhist, Christian, other
Chinese (89%), Portuguese, other
Languages Cantonese (80%), Mandarin, other
Currency Patacas (MOP) 2.7% (July 2020)
Tourism 39.4m (2019) Executive-led limited democracy
Chief of State President of China XI Jinping (since 2013)
Head of Government
Chief Executive Ho lat Seng (since 2019)
Elections President elected by National People’s Congress for five year term. Last election was 2018 and next due 2023. Chief Executive is chosen by Election Committee for five year term. Next election is 2024.
By the end of 2019 there were 41 casinos in Macau with 6,739 tables and over 17,000 slots. Of these, 25 casinos are located in the Macau peninsula and 16 on the Taipa island. Two casinos are currently suspended. Tere are six operating companies and as of this year the Sociedade de Jogos (SJM) has 20 casinos, Galaxy has six casinos, Venetian has five casinos, Melco Crown has four, Wynn has two and MGM has two casinos.
which granted three concessionaires which could each then enter into a sub-concession agreement with one sub-concessionaire.
a 40 year monopoly on gaming, the market in Macau opened and big name concessionaires entered the market. Tere is no limit to the number of casinos each concessionaire can operate, although each casino must be approved by the government. Te Gaming Inspection and Coordination Bureau (DICJ) collaborates with the government in terms of gaming policies and operations of casinos and pari-mutuel betting.
By the end of 2019 there were 41 casinos in Macau with 6,739 gaming tables and over 17,000 slots. Of these, 25 casinos are located in the Macau peninsula and 16 on the Taipa island. Two casinos are currently suspended so there are 39 currently open.
Tere are six operating companies and as of this year the Sociedade de Jogos (SJM) has 20 casinos, Galaxy has six casinos, Venetian has five casinos, Melco Crown has four, Wynn has two and MGM has two casinos.
Tese operate under the Macau Law No. 16/2001
SJM granted a sub-concession to MGM; Galaxy granted a sub-concession to Las Vegas Sands and Wynn granted its sub-concession to Melco.
All concessionaires pay a special gaming tax of 35 per cent of GGR plus an annual gaming premium of:
l MOP30m per annum fixed premium.
l MOP300,000 per year per VIP gaming table. l
MOP150,000 per year per mass market gaming table.
l MOP1,000 per year per gaming machine.
Te Sociedade de Jogos de Macau (SJM) currently operates 20 casinos in Macau. Te group’s flagship Casino Grand Lisboa operates 292 mass market gaming tables and 123 VIP tables plus 780 slots and saw some 12 million visitors last year. Te group’s latest resort, Grand Lisboa Palace, on Cotai was completed at the end of 2019 and now has to go through a process
of obtaining operating licences and is anticipated to open by the end of this year. It includes 1,900 hotel rooms and suites.
Te two towers - Palazzo Versace with 271 rooms and the Lagerfeld with 271 rooms - have been designed by the famous designers. Te resort also features meeting and conference facilities, 100 plus shops, 30 food and drink outlets and entertainment and casino.
SGM total net gaming revenue for year end 2019 was MOP34.2bn (a 1.5 per cent drop on 2018). Total revenues (to include the hotel/retail/catering sector) amounted to MOP34.9bn and taxes amounted to MOP14.8bn.
VIP gaming accounted for over 34 per cent of the group’s total gross gaming revenue last year with 275 VIP tables in operation and 15 VIP promoters. VIP gaming was operated at 13 of its casinos by end 2019. Group VIP gross revenues fell by 30 per cent in 2019 to MOP14bn.
Mass market table gaming accounted for over 62 per cent of the group’s GGR in 2019 with 1,511 tables in operation by end 2019. Mass market table gaming increased by 8.9 per cent to MOP25.8bn.
NEWSWIRE / INTERACTIVE / MARKET DATA P87
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