bmrcFebruary 15, 2021 31
Global Online Gambling Market is valued at USD 47.57 Billion in 2018 and expected to reach USD 94.37 Billion by 2025 with the CAGR of 10.28% over the forecast period.
Increased use of internet gambling by young people due to the fact that it has no payment restrictions and rapidly growing smartphone penetration with high participation in gambling activities are the major factors driving the growth of Global Online Gambling Market.
A recent report on Online Gambling Market provides a detailed analysis on the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
The number of hotel rooms in Macau is set to increase by at least one-quarter over the next few years.
As of the fourth quarter last year there were 17 hotel projects under construction, the latest data from Macau’s Land, Public Works and Transport Bureau show. That would provide the city with 8,607 new hotel rooms. The data did not give estimated completion dates for the new hotel projects.
A further 20 projects were in a planning stage at the end of last year, which would eventually provide an additional 2.268 rooms, according to the data.
Macau had approximately 34,100 hotel rooms at the end of December 2020, showed figures from the city’s Statistics and Census Service. The tally was 8.6 percent down on the 37,300 hotel rooms available in the market as of December-end 2019. One factor was that some hotels were being used, as of the end of the fourth quarter 2020, by the city’s government for medical quarantine of people arriving in Macau from overseas; while other hotels
Most of Macau’s luxury hotels in casino resorts were, as of Thursday, still available for booking for all of the nights of the upcoming, week-long, Chinese New Year (CNY) holiday period, according to checks conducted by GGRAsia.
The average nightly rates of most of those hotel rooms were also lower than for Chinese New Year in 2020. China’s State Council has designated the upcoming holiday period as running inclusively from February 11, a Thursday – the eve of Chinese New Year – to February 17, a Wednesday.
GGRAsia’s occupancy survey drew on information collated from the official booking websites of the relevant casino-resort hotels. As of Thursday, 21 out of 22 local five-star hotels – most of them establishments at Cotai casino resorts – were still available for bookings for all of the nights of the upcoming festive period.
February 2, 2021, 10:47 am ·
Japanese prefecture Yokohama announced the city-council’s draft budget for 2021, which includes JPY360 million (US$3.4 million) to back up the effort to establish casino resort in the city.
Part of that amount will be spent on the city’s resort development plan. Precisely JPY83 million will go to that as well as to Yokohama’s request-for-proposal process.
As the national Japanese protocols require, the prefecture needs to partner with a private-sector company in order to establish a casino resort. Part of the budget will be spent on the right partner.
According to some, the larger part of the money will be spent on promoting the significance of the future resort for the prefecture.
GGRAsia – Yokohama budgets US$3 4mln in 2021 for casino tilt ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.