Inside Asian Gaming

IAG JAPAN MAY 2021 24 all-suite tower Raffles at Galaxy Macau, which will see Singapore’s famous Raffles brand introduced to Macau for the very first time. Those 1,500 rooms represent half of the 3,000 rooms planned for Phases 3 and 4 combined, down from a combined 4,000 rooms Galaxy had originally set out to build. Speaking with media in February following the release of Galaxy Entertainment Group’s 4Q20 financial results, Vice Chairman Francis Lui explained that the company had altered the design of its upcoming phases to better serve the lucrative premium mass segment – widely considered to be the future of Macau gaming. “We have found that the visitors to Macau we are looking for are the high-end, mass market customer,” Lui said. “So we hope most of the 3,000 rooms will be able to satisfy families who come to Macau for leisure and that the quality of our rooms is what they are looking for.” Importantly, while total room supply will increase by 13% in 2022, Morgan Stanley notes that the number of “ultra-high-end rooms” will grow by 59% compared with 2019 as more operators eye the premium mass segment. “Premium mass remains the biggest driver of profit for companies in Macau in 2021/22,” the Morgan Stanley report states. “These customers come to Macau and expect high end hotels, free entertainment and F&B amenities. Companies with better hotel products such as Ritz The Morgan Stanley report outlines strongreasons foroptimism,withgross gaming revenues tipped to improve from around 55% of 2019 levels in 2021 to around 97% by 2022. 「マカオは、2022年、新型コロナ前の世界と比 べて見た目も雰囲気も異なるだろう。コタイのホ テルの収容能力は13％増加するが、固定の事業 費は4％減少し、その結果EBITDAが15％増加 する」　 -　モルガンスタンレー COVER STORY