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Hong Kong billionaire Stanley Ho to step down from casino empire, aged 96

Stanley Ho became the latest Hong Kong billionaire to step away from the empire he built, passing along the top roles at casino operator SJM Holdings Ltd to his heirs. Analysts will be watching to see how smooth the transition will be.

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Macau Gaming

8/20/2018

article Macau gaming tax slows through July but still soaring in 2018
(Macau) -- The Macau government saw its direct gaming tax revenue rise 18.1% year-on-year through the first seven months of 2018 to MOP$65 billion, according to latest...
article Sands China supporting Old District revitalization
(Macau) -- Sands China Ltd has thrown its support behind the Old District Revitalization Series – Rua de Cinco de Outubro, which aims to help rebuild parts of...

8/19/2018

article According to a New Study, Gambling Capital Macau is Winning the Game Beyond the Game
(Macau) -- Global gambling mecca Macau is preparing to take the reins as richest location in the world. By 2020, the Chinese island and the only place in China where...

8/18/2018

article The 13 Macau Receives Hotel License, Will Open Without Casino
(Macau) -- The 13 Macau has finally received a license to operate as a hotel. The long-delayed project being built south of the Cotai Strip was issued its permit from...

8/17/2018

article Macau gov’t grants remaining licenses for The 13 Hotel
(Macau) -- Long-awaited The 13 Hotel looks set to open within the month, after the Macau Government Tourism Office (MGTO) issued the licenses needed for the hotel’...
article Macau: the incredible poverty at the heart of world’s richest place
(Macau) -- When the clock strikes 4pm, Hoi Sao-sou takes off her black uniform, grabs her shopping bag and rushes through the staff door of one of the major casinos in...

8/16/2018

article MGTO nods hotel licence for The 13 project
(Macau) -- The 13 Hotel, a real estate development on the Cotai-Coloane border, has received the necessary permits to begin hospitality operations, said the Macao...

8/15/2018

article Macau casinos regain mojo as mainlanders return
(Macau) -- Casinos operators in Macao enjoyed strong earnings in the first six months of this year as visitor traffic from mainland China picked up. Market leader Galaxy...
article Paradise grants Interblock license to Macau non-live gaming machines
(Macau) -- Casino and gaming systems provider Paradise Entertainment Limited has granted Interblock d.d., an electronic table gaming products developer, license for the...

8/14/2018

article Casinos still to run during Typhoon Bebinca
(Macau) -- According to the Gaming and Coordination Bureau (DICJ), none of the casino operators has been given a notice to close during Typhoon Bebinca, as Typhoon...
article Will junkets benefit from Macau database of excluded gamblers?
(Macau) -- Macau’s government plans to create an online database of individuals barred from setting foot on a casino gaming floor, potentially opening the door to...

8/12/2018

article Macau moguls’ rivalry threatens cost discipline
(Macau) -- Wynn Macau, which caters to wealthier guests, appears to have been caught off guard last quarter. EBITDA missed expectations, and revenue grew by a modest 12....

8/10/2018

article Macau moguls’ rivalry threatens cost discipline
(Macau) -- A fight for big spenders in Macau has made earnings volatile in China’s gambling hub. Battle lines are being drawn in the gaudy Cotai Strip, where...
article Macau set to topple Qatar as world's richest place by 2020
(Macau) -- Macau is expected to outstrip Qatar as the richest place in the world by 2020, according to the International Monetary Fund. The global casino hub’s...

8/8/2018

article Bill barring gaming workers not to include workers hired by junket operators
(Macau) -- A bill barring gaming workers from entering the casino floor during non-working hours will not include workers hired by junket operators, Ho Ion Sang (...
article Macau ready to become richest place in the world by 2020
(Macau) -- Fresh data from the Inter­national Monetary Fund (IMF) ­predicted that by 2020, the city would overtake oil-rich Qatar with the highest per-capita...

8/4/2018

article Former Harrah’s exec regrets not expanding to Macau
(Las Vegas) -- One regret Phil Satre has about his 25-year career with Harrah’s Entertainment is that he didn’t take the company into the Macau gaming market...
article The World's Biggest Gambling Hub Has Much More to Offer
(Macau) -- Macau, the world's biggest gambling hub, has much more to offer than slots and blackjack

8/3/2018

article The 13 hotel to finally launch by August’s end, casino still delayed
(Macau) -- South Shore Holdings Ltd., which is building a resort called The 13 in Macau, doesn’t expect to have the casino operations ready to go until 2019....

8/2/2018

article Gaming revenue up in Macau
(Macau) -- Gross gaming revenue in Macau reached MOP 25.3bn (US$3.1bn) in July, representing growth of 10.3 per cent year-on-year, according to data released by the...
article Wynn Macau Ltd profit up 56pct in 2Q, peninsula VIP down
(Macau) -- Net profit at casino operator Wynn Macau Ltd rose by 56.2 percent year-on-year in the second quarter of 2018, to nearly US$160.3 million.

8/1/2018

article Galaxy Ent, Monaco casino op open café at Galaxy Macau
(Macau) -- European gaming and hospitality company Société des Bains de Mer et du Cercle des Étrangers à Monaco (SBM) has opened the first Asian branch of its Café de...
article Opening of The 13 Hotel by August 31: firm
(Macau) -- Hong Kong-listed South Shore Holdings Ltd has revised yet again the opening date for its hotel project on the Cotai-Coloane border. The company – known...
article Wynn Resorts Falls After Original Macau Casino Posts Sales Drop
(Macau) -- Wynn Resorts Ltd. tumbled as much as 9.7 percent in late trading after reporting steep declines in revenue and profit at its original casino in Macau, the...

7/31/2018

article Macau gambling revenues jump 10 percent in July
(Macau) -- Gambling revenue in the Chinese territory of Macau rose 10.3 percent in July from a year ago period, bolstered by demand from Chinese betters keen to play in...

7/30/2018

article Macau gambling revenue could reach $146B by 2020
(Macau) -- The good news is that the total market value for the six casino operators in Macau is predicted to hit $146 billion by 2020. The bad news is that there could...
article GEG launches Macau training scheme for Japan uni students
(Macau) -- Macau-based casino operator Galaxy Entertainment Group Ltd – also known as GEG – announced on Monday a scheme to bring to Macau groups of Japanese...
article Macau’s Studio City to open e-Sports venue
(Macau) -- An e-Sports venue branded “Macau Estadium” is to open on Tuesday at Cotai casino resort Studio City. The latter is promoted by Asian casino...
article Macau casino heiress Pansy Ho’s wild past firmly behind her as she presides over multibillion empire from The Peak
(Macau) -- Pansy Ho Chiu-king must be feeling confident these days. Her main business, Shun Tak Holdings, posted a 66 per cent year on year increase in revenue to nearly...

7/29/2018

article License to thrill: How casino re-tendering will shape Macau’s future
(Macau) -- Macau’s casino concession and sub-concession contracts will all end in a few years’ time (2020/2022), or be delayed for a maximum of five years by...

7/26/2018

article Macau’s Paradise Entertainment issues positive profit alert
(Macau) -- Macau’s Paradise Entertainment Ltd has issued a positive profit alert for the six months ended 30 June 2018. In a filing to the Hong Kong Stock Exchange...
article Sands China enjoys strong 2Q18 as all Macau properties surge
(Macau) -- Sands China saw its net revenue soar 18% to US$2.11 billion in the three months to 30 June 2018, bolstered by a strong performance at the Venetian Macao and...
article Setback for Cotai LRT as court confirms ruling against award of construction contract
(Macau) -- Macau’s Court of Final Appeal has rejected an appeal by Chief Executive Fernando Chui Sai On against a March ruling from the Court of Second Instance...

7/25/2018

article Macau Casinos Could Be 'Collateral Damage' From Trade War, Expert Says
(Macau) -- Headlines pertaining to Russia and Iran have shifted some foreign relations focus away from the ongoing trade war with China, but that doesn’t mean the...
article O MEDIA offers day off for any staff volunteering to care for abandoned Canidrome dogs
(Macau) -- Inside Asian Gaming’s parent company, O MEDIA, will announce Wednesday morning that it is offering a full day off for any O MEDIA staff member...

7/24/2018

article Construction boom in Macau linked to casino gaming license play: report
(Macau) -- A number of sites in the former Portuguese enclave showed increased construction activity over the past months, a sign that casino operators were bracing...
article Macau casinos could lose VIPs to junket upstart
(Macau) -- There could be a new competitor on the cards for Macau's gaming giants. Suncity boss Alvin Chau helps bankroll half of all big spenders in the Chinese...

7/22/2018

article Macau Government to Punish Ho Family for Washing Hands of 600 Canidrome Greyhounds
(Macau) -- Macau’s government announced on Friday it has assumed responsibility for the welfare of 600 greyhounds made homeless by the closure of the Macau...

7/19/2018

article World's largest gambling hub Macau to take care of more than 600 greyhounds
(Macau) -- Authorities in Macau, the world's largest gambling hub, said they will care for more than 600 greyhounds after their owner renounced them ahead of the...

7/18/2018

article Macau Canidrome site to become a land reserve for public facilities
(Macau) -- The site of Macau’s Canidrome dog racing track will become a land reserve for public facilities, including education, sport, offices for public...
article Macau public bus re-tendering process suggests big delays for Macau casino licensing
(Macau) -- The re-tendering process for Macau casino licenses is likely to be delayed until the mid-2020s and the six concession holders granted extensions “well...

7/17/2018

article Macau casino self-exclusion request grew 34% in H1 2018
(Macau) -- The list of problem gamblers looking to be excluded from Macau casinos grew longer in the first half of 2018, according to the special administrative region...
article Macau: mass overtakes VIP in Q2
(Macau) -- The mass market overtook the VIP sector to lead growth in Macau’s gross gambling revenue in Q2 with a gain of 21 per cent over the prior year.

7/16/2018

article Local casino exclusion requests increased in first half of 2018
(Macau) -- The Gaming Inspection and Co-ordination Bureau announced on Monday it received 233 requests for exclusion of access to local casinos in the first six months...
article Macau aims to ban casino workers from gambling
(Macau) -- Macau’s Legislative Assembly has approved a draft bill banning local casino workers from entering Macau casinos outside of working hours.
article More problem gamblers request bans from Macau’s casinos as gaming hub vows to tackle addiction
(Macau) -- Growing numbers of problem gamblers have asked to be banned from Macau casinos to cure their addiction, new data has revealed. Figures released this week by...

7/14/2018

article Macau Legislators Pass First Draft of Gaming Worker Casino Ban, But Implementation Questions Remain
(Macau) -- Macau’s Legislative Assembly passed a first draft of a bill that would ban many gaming workers from entering casinos outside of work hours, but some...

7/13/2018

article Macau legislators unanimously pass local casino staff ban proposal
(Macau) -- In Macau, yesterday reportedly saw legislators unanimously pass a proposed government-backed measure that would prohibit the city’s 24,453 employed...

7/12/2018

article Legislative Assembly passes bill banning Macau casino workers from gaming floors
(Macau) -- Macau’s Legislative Assembly has approved a draft bill banning local casino workers from entering Macau casinos outside of working hours.
article Macau lawmakers pass casino staff bet ban on first read
(Macau) -- Macau’s Legislative Assembly unanimously approved on Thursday – in a first-reading session – a government-backed bill proposing a ban on...

7/11/2018

article Cabo Verde tourist resort of Macau entrepreneur due to be completed before 2021
(Macau) -- Construction of the integrated tourist complex of the island of Santa Maria will be completed before the end of the current term of office in 2021, José...

7/10/2018

article Macau’s US casino ops could be targeted in US-China trade war
(Macau) -- The current international trade war between China and the United States could impact US casino operators’ ability to renew their Macau concessions,...

7/5/2018

article Macau hotel guest numbers up 4.7% in May
(Macau) -- The number of guests in Macau’s hotels and guesthouses grew by 4.7% in May to 1,178,000, including an 11.0% increase in guests from mainland China,...
article SIMPSON: From Casino Wars to Casino Capitalism
(Las Vegas) -- I moved to the Chinese city-state of Macau to begin work at the University of Macau in 2001, two years after Portugal returned the territory to the People...
article Success Dragon boss steps down amid business decline
(Macau) -- Macau electronic gaming machine service provider Success Dragon has announced the appointment of a new Chairman and CEO following the sudden resignation of...
article US shares feel pain of disappointing June in Macau
(Macau) -- Macau’s lower-than-expected gross gaming revenue (GGR) in June has been felt around the world with the US share prices of Las Vegas Sands and Wynn...

7/2/2018

article Macau gambling revenue grows 12.5 percent in June
(Macau) -- In Macau, government officials report gambling revenue grew a solid 12.5 percent in June, thanks to steady demand from largely Chinese bettors visiting China...
article Macau’s aggregated gross gaming revenues recover for June
(Macau) -- The over 30 casinos in Macau have reportedly recovered somewhat from a disappointing May to post a 12.5% increase year-on-year in aggregated gross gaming...
article Outlook grim for SJM: Bernstein
(Macau) -- Brokerage Sanford C Bernstein says it expects shares in Macau concessionaire SJM Holdings to continue to drop with “little improvement possible”...
article Casino Investors Have a Cow Over Macau Data
(Macau) -- Weak gaming data from Macau is weighing on casino stocks today, even those without exposure to the Chinese gambling hub. Gross gaming revenue (GGR) from Macau...
article Is This Tiny Island a Threat to Macau Casinos?
(Macau) -- Shares of casino operators with ties to Macau were sent lower after news surfaced recently that hotels on the tiny Chinese island of Hainan might begin...

7/1/2018

article Macau casinos post 12.5 percent gain in June revenues
(Macau) -- Gambling revenue in the Chinese territory of Macau grew 12.5 percent in June, thanks to solid demand from Chinese betters keen to play in the country’s...
article Macau gaming revenue falls short of June forecast
(Macau) -- Macau gaming revenue growth is cooling down just as temperatures are heating up. Gaming revenue on the Chinese enclave rose 12.5 percent to $2.78 billion in...

6/30/2018

article Macau Casino Crisis Shut Down Protocol Proposed Under New Bill
(Macau) -- The highest authority in Macau could soon be granted executive powers to shut down the gambling hub’s casinos in times of crisis. On Thursday, the Macau...
article Macau casinos post 12.5 percent gain in June revenues
(Macau) -- Gambling revenue in the Chinese territory of Macau grew 12.5 percent in June, thanks to solid demand from Chinese betters keen to play in the country’s...

6/29/2018

article Losses mount as The 13 eyes more deadline extensions
(Macau) -- South Shore Holdings Limited, formerly known as The 13 Holdings Limited, has flagged the possibility of requesting a seventh deadline extension for the launch...
article Sands Cotai Central adds retail space as Phase 4 development opens
(Macau) -- Sands China has opened the Phase 4 development of Sands Cotai Central, adding an extra 100,000 square meters of retail space and more than 25 new stores to...

6/28/2018

article Venetian Macao honored with Macao Green Hotel Platinum Award
(Macau) -- Environmental efforts by the Las Vegas Sands’ (LVS) The Venetian Macao have again been honored with the presentation of the Macao Green Hotel Platinum...

6/27/2018

article Macau law needs revamp to allow more concessions: experts
(Macau) -- Macau’s gaming law needs to be amended in order to account for the possibility of having more than six gaming licensees, the current number, after the...

6/26/2018

article June Macau GGR growth back to March pace: analysts
(Macau) -- The pace of year-on-year growth in June for Macau casino gross gaming revenue (GGR) is likely to accelerate to the sort of levels seen in March and April,...
article No sign of sustained Macau UnionPay clampdown: analysts
(Macau) -- The reported removal earlier this month of China Union Pay Co Ltd payment terminals from some retail premises in some Macau casinos seems neither to be part...
article Report: Chinese investor ‘fueling narrative’ against US military
(Macau) -- A recent report by the U.S.-China Economic and Security Review Commission, which was created by the U.S. Congress, says a Macau-based investment firm is...

6/25/2018

article China Trade War Potential Casualties Include U.S. Casinos In Asia
(Macau) -- As the U.S. and China steam toward a full-fledged trade war, American casinos across the world could become collateral damage. Since 2012, mainland China has...
article Macau gambling revenue up in June
(Macau) -- Macau’s gross gambling revenue is heading for a 20 per cent increase in June, helped by the opening of Melco Resorts’ Morpheus Hotel.
article Macau pawnshops resume Union Pay services after Cotai crackdown
(Macau) -- Some pawnshops within Macau casinos have resumed offering Union Pay services, possibly illegally, according to analysts from investment bank JP Morgan. In a...
article No sign of sustained Macau UnionPay clampdown: analysts
(Macau) -- The reported removal earlier this month of China Union Pay Co Ltd payment terminals from some retail premises in some Macau casinos seems neither to be part...

6/23/2018

article Grand Hyatt at City of Dreams Macau names Bruce as boss
(Macau) -- The Grand Hyatt Macau says its new general manager has over three decades of experience in the hospitality industry. Mr Bruce has held various culinary...
article Inside Macau’s new Zaha Hadid-designed Morpheus hotel, much more than just a casino
(Macau) -- Take one Iraqi-British architect, a Greek god, a brace of French chefs, a son of Stanley Ho Hung-sun, a couple of sterling designers, and mix well together...
article Macau May visitor data gives clues on GGR softness: MS
(Macau) -- Macau’s May tourism numbers, as released on Friday, hint at a partial misreading by the investment community of the reasons why the growth rate of Macau...
article Macau’s The 13 Hotel backer completes name change
(Macau) -- The promoter of The 13 Hotel (pictured), a tourism project on the Cotai-Coloane border in Macau, and that aspires to have an in-house casino, has completed...

6/22/2018

article SJM grants Ina Chan 3 million ordinary shares
(Macau) -- Ina Chan, a newly appointed executive director at SJM Holdings and third wife of former Chairman Stanley Ho, has been granted share options totaling 3 million...

6/21/2018

article ‘The 13′ casino faces new delays
(Macau) -- Maybe it’s all about the name. The casino simply called ‘The 13’ planned for Macau can’t seem to catch a break. Construction delays...

6/20/2018

article Dragon Corp calls Paradise City VIP room its “proving ground”
(Macau) -- Cryptocurrency firm Dragon Corp’s plans to build a floating casino in Macau appear to have sprung a leak but the company claims its VIP gaming business...
article The 13 Saga Drags On, Macau Hotel Requires Further Inspections
(Macau) -- The 13 resort in Macau’s Coloane Village has been a fiscal nightmare for investors, and the story scripted a new chapter this week when developers...
article Yearly profit up, revenue down at Macau’s Emperor Ent Hotel
(Macau) -- Profit at Macau casino hotel operator Emperor Entertainment Hotel Ltd increased 13.6 percent year-on-year in the 12 months to March 31, the firm said in a...
article Macau Canidrome Greyhound Track to Close, Concern Mounts Over Welfare of Dogs
(Macau) -- The Macau Canidrome, the enclave’s — and Asia’s — only dog racing stadium will shutter its doors tomorrow, June 21. Greyhound racing,...
article Hainan ‘Cashless Casinos’ Win-Win for Resorts, Potential Loss for Macau
(China) -- Cashless casinos, or so-called “entertainment bars” that allow patrons to gamble for credits, could jeopardize Macau’s gambling monopoly in...

6/19/2018

article Mixed views on Macau gambling ban for casino staff
(Macau) -- Two Macau gaming labour groups have expressed concerns to GGRAsia regarding the likely effectiveness of a proposed bill to ban the staff of the city’s...
article Paradise Ent pays US$16mln for Macau storage space
(Macau) -- Casino equipment maker Paradise Entertainment Ltd has struck a deal to buy warehousing space in Macau for HKD128.5 million (US$16.37 million). The agreement,...
article Casino Stocks Wynn, Las Vegas Sands Fall On Potential Threat To Macau
(Macau) -- News about potential "cashless casinos" on the Chinese resort island of Hainan appears to be pressuring Macau-exposed casino stocks like Wynn...

6/18/2018

article Bill submitted by Macau govt proposes banning casino workers from gambling
(Macau) -- The core policy-making organ of the Government of Macau, the Executive Council, on Friday announced during a press release a bill which proposes that gaming...

6/17/2018

article Casino workers gaming ban would require high-tech ID systems
(Macau) -- If proposed restrictions banning gaming workers from entering casino areas outside working hours are approved casinos would probably have to implement...

6/16/2018

article Casino designed by Zaha Hadid opens in Macau
(Macau) -- A flamboyant new casino designed by Zaha Hadid opened its doors in Macau on Friday, featuring futuristic curves and skeletal steel structures characteristic...

6/15/2018

article Melco Resorts to open luxury Macau hotel Morpheus today
(Macau) -- Melco Resorts will launch its new luxury hotel Morpheus at City of Dreams today. The US$1 billion hotel, designed by the late Zaha Hadid, has been described...
article Macau, ‘Las Vegas of Asia’, trades in casino chips for microchips as part of China’s tech ambitions
(Macau) -- With its skyline at night awash in fantastic neon colours, complete with its landmark Macau Tower, the iconic Grand Lisboa hotel and a replica Eiffel Tower,...
article Hadid-designed casino opens in Macau
(Hong Kong) -- A flamboyant new casino designed by the late Zaha Hadid opened in Macau yesterday, featuring futuristic curves and skeletal steel structures.

6/14/2018

article SJM Holdings Puts Its Money on Cotai Casino Reversing Downward Spiral of Gaming Operator That Once Ruled Macau Market
(Macau) -- SJM Holdings hopes its first casino resort on the Cotai Strip will turnaround the Macau casino giant’s dwindling market share in Macau.

6/12/2018

article Macau Extends Winning Streak To 22 Months
(Macau) -- Macau’s upswing is approaching two full years. The local government said that gross gaming revenue for the city’s casinos was $3.1 billion in May...

6/10/2018

article Gaming is the key draw for Macau visitors. Or is it?
(Macau) -- The government should create a prize (MOP1 million!) for those who can construct the definitive profile of the Chinese tourist in Macau. Only then will we be...

6/8/2018

article Hainan waits for 2049
(Macau) -- Hainan – dubbed ‘the Hawaii of China’ - is not an immediate threat to Macau’s gaming dominance but what happens in this Special Economic Zone is too important...
article Macau casino shared take a battering amid fears of a new Chinese crackdown
(Macau) -- The financial markets have given Macau casino shares a beating this week amid speculation of a renewed crackdown by China on capital outflows. Part of the...

6/7/2018

article Macau Risks Transcend UnionPay Uncertainties, Hainan Hype
(Macau) -- As Macau scales its latest heights, never forget that it prospers solely at the sufferance of the authorities in Beijing. This month, those masters of Macau...
article Reports of fresh UnionPay crackdown rattle Macau casino investors
(Macau) -- The latest UnionPay crackdown has sent investors scurrying away from Macau casino stocks. Bloomberg reported that stocks of Macau casino operators continued...

6/6/2018

article Morpheus opening helps Melco stay ahead of the curve
(Macau) -- With the opening of Morpheus, Melco’s newest hotel on Cotai, scheduled for mid-June, the firm’s chairman and CEO, Lawrence Ho has underlined the...
article Jittery Casino Investors Weigh Risks of Macau Currency Crackdown
(Macau) -- Signs of a renewed crackdown by Macau to stem currency outflows are fueling investor jitters over casino stocks in the world’s biggest gambling hub.
article Macau Casino Stocks Tumble Four Days Straight After Missing ATMs Spark Fears of Renewed China Crack Down
(Macau) -- Macau casino stocks fell for the fourth consecutive day on Wednesday amid rumors that Beijing’s “anti-corruption” drive had escalated this...
article Macau casinos fear UnionPay mobile terminal crackdown
(Macau) -- Macau officials insist there’s no new crackdown on the use of China UnionPay mobile banking terminals in casinos, despite reports to the contrary.

6/5/2018

article Macau Casinos Drop for Fourth Day on China Crackdown Speculation
(Macau) -- Macau casino shares declined for a fourth straight day as speculation over a renewed clampdown on capital outflows by China added to concerns of a slowdown in...

6/3/2018

article Amid Stunning Recovery, Macau Casinos Still Have Room To Grow
(Macau) -- Less than two years ago, many wondered if Macau’s casino revenue would ever prosper again. Now, May’s 12% increase stands as a disappointment.
article Macau: a world of glitz
(Macau) -- The official ground-breaking ceremony for the much-anticipated casino resort complex that is due to open west of Limassol in 2021 will be held on June 8, and...
article Wall Street: World Cup soccer could slice into Macau gaming revenue during June
(Macau) -- Analysts quickly wrote off Macau’s lower-than-anticipated results from May and turned their attention to another concern – soccer’s 2018...

6/2/2018

article Cleaning up Asia’s casinos
(Macau) -- Asia now has all ten of the world’s largest casinos by gambling revenue – but some of the growth has been built on unsavoury foundations. Alex...

6/1/2018

article Casino stocks fall as Macau gaming revenue disappoints
(Macau) -- Shares of US-listed casinos that operate in Macau fell on Friday after the world’s largest gambling hub reported lower-than-expected revenues last month.

5/31/2018

article Tak Chun new VIP partner at Macau Roosevelt casino
(Macau) -- Macau junket investor Tak Chun Group is confirmed as the new VIP gambling partner at the casino inside the Macau Roosevelt Hotel (pictured) in the city’...

5/29/2018

article Macau court orders US$5,000 fine but no jail time for casino hub's youngest lawmaker
(Macau) -- A Macau court on Tuesday levied a fine of US$5,000 on the territory's youngest lawmaker, but no jail time, at the conclusion of a trial viewed as a test...

5/28/2018

article Macau will struggle to kick its gambling addiction
(Macau) -- MACAU wants to kick its gambling habit. The Chinese region's tourism chief reckons resorts can generate 40 per cent of their revenue from beyond the...

5/26/2018

article 11,000 Employees at the MGM Casino in Macau Eat Vegan Every Monday
(Macau) -- Meatless Monday, MooFree May, Meat Free Monday, Veganuary…plant-based campaigns are sprouting up around the world, each with its own unique spin but...
article Building a Better Macau
(Macau) -- Back in 2014, Macau’s gaming industry seemed like the bet that couldn’t lose. Andrew Klebanow remembers it well. “Macau was going at a run...

5/20/2018

article Macau gaming tycoon veers from Russia toward Japan
(Japan) -- Macau gaming mogul Lawrence Ho Yau-lung has told the Nikkei Asian Review that he gave up control of a casino resort in Russia late last year to improve his...

5/18/2018

article Border gate facilities slowing Macau growth: Wilfred Wong
(Macau) -- Sands China Executive Director, President and COO, Dr Wilfred Wong, says that the current border crossing facility between Macau and mainland China is holding...

5/16/2018

article Non-gaming revenue at 40pct good target: MGTO head
(Macau) -- Maria Helena de Senna Fernandes, director of the Macao Government Tourism Office (MGTO), said she would be pleased if the city’s casino industry could achieve...

5/13/2018

article Chinese police raid currency exchange stores near Macau border gate
(Macau) -- Local authorities have raided and shut down all currency exchange operations in the underground mall of Gongbei Port – located alongside the border gate...

5/10/2018

article Macau’s newest casino addition set to operate without junkets
(Macau) -- Melco Resorts and Entertainment is kicking off May with the grand opening of its brand new 160-meter tall Morpheus casino-hotel in Macau.

5/8/2018

article Asian Poker Tour not to postpone its scheduled Macau poker tournaments - CEO
(Macau) -- Philippines-based poker event organiser Asian Poker Tour (APT) told Macau News Agency (MNA) that its tournaments scheduled for November 27 and December 8 in...
article Casino op hopeful The 13 Holdings seals name change
(Macau) -- Hong Kong-listed The 13 Holdings Ltd says its proposed name change to “South Shore Holdings Ltd” was approved at a special general meeting of...

5/6/2018

article Melco's New $1 Billion Macau Hotel to Operate Without Casino Junkets: CEO
(Macau) -- Melco Resorts $1.1 billion hotel tower set to open in Macau next month will not resort to casino junket operators to lure in high rollers, as it bets on a...

5/4/2018

article Melco's new $1 bln Macau hotel to operate without casino junkets
(Macau) -- Melco Resorts$1.1 billion hotel tower set to open in Macau next month will not resort to casino junket operators to lure in high rollers, as it bets on a...

5/2/2018

article LeoVegas online casino fined for failing 11,000 addicts
(UK) -- A popular online casino has been fined £600,000 after failing to return deposits to more than 11,000 gambling addicts who had asked to stop being allowed to play.
article Mass market helps SJM to 4.6% first quarter increase
(Macau) -- A significant boost in the mass market segment saw Macau casino operator SJM Holdings report a 4.6% year-on-year increase in gross gaming revenue in 1Q18 to...

5/1/2018

article Casino stocks buoyed as Macau gaming revenue jumps
(Macau) -- Crapshooters are back in droves in Macau, boosting shares of the companies that operate casinos in the only part of China where gambling is legal.
article Macau revenue up 27.6% in April
(Macau) -- Gross gaming revenue in the Asian casino hub of Macau rose by 27.6% year-on-year during April according to new figures released by the Gaming Inspection and...
article Macau Casinos Surprise Analysts as Mass Gamblers Spur Growth
(Macau) -- Macau is beating analysts at their own game. Casino revenue in the world’s largest gambling hub rocketed past even the most bullish expectations in...

4/25/2018

article Macau legalizes Lucky Six baccarat side betting option
(Macau) -- In Macau, the Gaming Inspection and Coordination Bureau regulator has reportedly followed the example of its analogous organization in Singapore by approving...

4/24/2018

article Macau Visitor Arrivals Total 8.5 Million in Q1 of 2018
(Macau) -- Macau has experienced a strong start to 2018, with 8.5 million people visiting the island resort in the first quarter of 2018, marking an 8.6% increase...

4/23/2018

article China’s ‘Las Vegas’ is leaving billionaires behind in favor of the rising middle class — see inside the $3.4 billion mega-casino leading the charge
(Macau) -- Americans might be surprised to find out that the gambling capital of the world isn’t Las Vegas. It’s Macau. Gambling revenue in the former...
article Macau visitor numbers increase 9.3% in March
(Macau) -- Macau saw its visitor numbers grow by 9.3% year-on-year to 2,733,311 in March, according to information from the Statistics and Census Service (DSEC). The...

4/21/2018

article China's 'Las Vegas' is leaving billionaires behind in favor of the rising middle class — see inside the $3.4 billion mega-casino leading the charge
(Macau) -- Americans might be surprised to find out that the gambling capital of the world isn’t Las Vegas. It's Macau. Gambling revenue in the former...

4/19/2018

article Sands China Progresses Work on The Londoner Prior to Casino Re-Licensing in 2020
(Macau) -- The gambling field in Macau has a wide variety of options on offer and many diverse options for gambling. Sands China is one of the progressive casino...
article Macau | SJM to introduce new energy shuttle bus service in May
(Macau) -- The Sociedade de Jogos de Macau, S.A. (SJM) announced on Thursday that it will introduce a new ‘energy shuttle bus service’ starting from May 2018...
article Melco Resorts buys 20 electric buses
(Macau) -- Melco Resorts has purchased 20 electric buses to transport guests between its three Macau integrated resorts – City of Dreams, Studio City and Altira...

4/18/2018

article Macau 1Q VIP likely grew 2ppts higher than govt data: MS
(Macau) -- Casino VIP gross gaming revenue (GGR) growth in Macau in the first quarter was likely two percentage points higher than the official data suggested, due to so...
article Macau | The Londoner theme chosen after extensive survey - Wilfred Wong
(Macau) -- The President of Sands China Ltd, Wilfred Wong, said this Wednesday that extensive research and survey with Chinese and Hong Kong tourists to the Macau SAR...
article Wynn Resorts to Tighten Loan Safeguards on Macau Casino Boom
(Macau) -- This gaming company is dealing its existing lenders a good hand, in a rare example of a junk-rated corporate actually increasing safeguards on a loan.

4/17/2018

article Macau gaming recovery very broad-based: JP Morgan
(Macau) -- Brokerage JP Morgan Securities (Asia Pacific) Ltd says it sees “telltale signs of sustainable upcycle” in the Macau gaming market, following a...
article Macau | VIP and mass up 21 pct and 20 pct y-o-y, respectively, in Q1 2018
(Macau) -- VIP gross gaming revenues increased 21 per cent year-on-year in the first three months of 2018 in the Macau SAR to MOP42.95 billion, with mass market rising...

4/15/2018

article Daisy Ho – daughter of retiring Stanley Ho – named chairwoman of SJM Holdings
(Macau) -- Daisy Ho Chiu Fung is to take over as chairman of SJM Holdings Ltd, the Macau casino business founded by her father Stanley Ho Hung Sun (pictured), and which...
article Macau official downplays Hainan tourism threat
(Macau) -- Macau’s Secretary for Economy and Finance, Lionel Leong Vai Tac, said on Sunday that he does not expect a recent central government announcement...

4/13/2018

article 'Godfather' of gambling: Macau magnate Stanley Ho
(Macau) -- Macau gambling tycoon Stanley Ho, who has announced his retirement from his flagship company SJM, made his riches by transforming neighbouring Macau from a...

4/12/2018

article Hong Kong billionaire Stanley Ho to step down from casino empire, aged 96
(Hong Kong) -- Stanley Ho became the latest Hong Kong billionaire to step away from the empire he built, passing along the top roles at casino operator SJM Holdings Ltd...
article Macau casino magnate Stanley Ho to retire
(Hong Kong) -- Macau gambling tycoon Stanley Ho will step down from his flagship casino empire SJM Holdings, the company said late Thursday, as the 96-year-old magnate...
article Macau gambling tycoon Stanley Ho, 96, will retire as chairman of casino operator SJM Holdings
(Hong Kong) -- Macau gambling king Stanley Ho, one of Asia’s richest men, will retire as chairman of SJM Holdings at the forthcoming annual general meeting on June...
article Stanley Ho to retire, Daisy Ho to chair SJM Holdings
(Hong Kong) -- Stanley Ho Hung Sun, widely seen as the founder of Macau’s modern gaming industry, will step down from his flagship casino company SJM Holdings, the...

4/11/2018

article Rarified, delicate Cantonese cuisine in the Vegas of Asia
(Macau) -- Blink and you’ll miss it. Oh, wait, there’s no possible way to miss it. It’s a golden egg, 20 feet high, rotating in the middle of a densely...

4/9/2018

article China property tycoons bet that gambling will come to Hainan
(China) -- In China’s southernmost province of Hainan, inside a glittering skyscraper shaped like a sail, Zeng Xianyun has been waiting for Xi Jinping, in more...
article Macau casino 1Q property EBITDA likely up 26pct: MS
(Macau) -- Macau casino operators collectively are likely to have seen property-based earnings before interest, taxation, depreciation and amortisation (EBITDA) rise by...
article Macau casino labour group wants upped maternity, bonus
(Macau) -- Members of a Macau gaming labour activist group delivered on Monday copies of petitions to venues respectively operated by the city’s six casino...
article Tighter junket deposit controls flagged by Macau govt
(Macau) -- A senior official says the Macau government needs to signal to local casino junket operators, via fresh legislation and updated regulation, that some...

4/8/2018

article Macau gaming tax revenue up 24.7% in January and February
(Macau) -- The Macau government raised MOP$17.6 billion through direct taxes on the gaming industry through the first two months of 2018, up 24.7% on the MOP$14.1...

4/7/2018

article Macao: Much more than the Vegas of the East
(Macau) -- The Vegas of the East is also the Lisbon of China Feeling Wong may speak limited English but he finds the words for the important stuff. "Whiskey?"...

4/4/2018

article Macau visitor numbers down over holiday weekend
(Macau) -- In Macau, visitorship over the Easter holiday was down 4.7 percent compared with the same time last year, with the former Portuguese territory seeing a total...

4/2/2018

article Macau $3.2B March GGR beats analysts’ estimates
(Macau) -- Macau casinos roared back to life with a 22-percent increase in gross gaming revenue (GGR) for March, catching many financial analysts by surprise. Data from...
article Macau Marks 22-Percent Gross Gambling Revenue Surge in March
(Macau) -- The world’s largest gambling hub has been marking a steady growth of gaming revenue for the past several months and this could be easily seen with the...
article Macau’s Casinos Boast 22 Percent Gains in March, Analysts Bullish
(Macau) -- Macau’s casino revenues increased by 22 percent in March to $3.21 billion, the biggest upturn in eight months. It’s the 20th consecutive rise for...

4/1/2018

article 10th Anniversary Celebration of iGaming Asia Congress
(Macau) -- The iGaming Asia Congress celebrated its 10th year of bringing a worthwhile gaming experience to corporate-level entrepreneurs in mobile gaming, sports...
article Macau casinos post 22% revenue gain in March
(Macau) -- Gambling revenue in the Chinese territory of Macau posted a 22 percent gain for the month of March, due to sustained demand for gambling in the country's...

3/28/2018

article CSCEC Unit Buys Macau Retail Project From Sniper Capital for $102M
(Macau) -- China State Construction International (CSCI), a Hong Kong-registered subsidiary of China State Construction Engineering (CSCEC) has teamed up with another...
article Record Stock Streak Enriches Casino Tycoon by $12 Billion
(Macau) -- Macau’s top casino operator is on a record winning streak as the effects of a Chinese anti-graft campaign fade -- and that’s enriching its owner...

3/23/2018

article Could China learn anything from Macau’s standing in the gambling world?
(Macau) -- Located on the Western side of the Pearl River Delta, Macau is a remnant of European colonialism. A former Portuguese trading port, the city's governance...

3/22/2018

article Two Casinos Reach Out to Macau’s Health Bureau Applying for 12 Smoking Lounges
(Macau) -- Today, the Health Bureau (SS) of Macau revealed that it has been reached out by two casinos applying to build a total of 12 smoking lounges in their...
article When a Casino becomes home
(Macau) -- Lei and Wah have different lives and motivations but they share something in common: at certain points in their lives they spent more time gambling in casinos...

3/20/2018

article Ho believes six gaming licences are enough for Macau
(Macau) -- Chairman and Chief Executive of Macau casino license holder Melco Resorts and Entertainment Ltd, Lawrence Ho, stated on the sidelines of an event on Monday...

3/14/2018

article Las Vegas Sands Founder Sheldon Adelson Wants to Build More in Macau
(Macau) -- Sheldon Adelson’s Las Vegas Sands already controls about 35 percent of Macau’s available four and five-star hotel rooms, but the billionaire still...

3/13/2018

article Beijing Spies on Chinese Officials Gambling in Macau, Says Senior Lawmaker
(Macau) -- The Chinese mainland officials who once piled the proceeds of their embezzlement onto the baccarat tables of Macau are a thing of the past, according to Ho...

3/12/2018

article Casino Exec Recommends More Gaming Concessions in Macau
(Macau) -- Macau-based CEO and Co-Chairman of Macau Legend Development Limited, David Kam Fai Chow thinks the local gambling market could take two or three more gaming...
article Macau casino cameras mean no dice for corrupt Chinese officials [sub req]
(Macau) -- The use of facial recognition technology to identify individuals entering casinos in Macau as part of Beijing’s anti-corruption drive has all but eradicated...

3/11/2018

article The 13 Macau Owner Changing Name to South Shore Holdings, Hotel Targets April Opening
(Macau) -- The 13 Macau casino saga continues. In a notice filed this week with the Hong Kong Stock Exchange, the parent company to the project says it’s renaming...

3/7/2018

article Macau casino moguls up in Forbes Billionaire list 2018
(Macau) -- Most gaming moguls with business interests in the Macau SAR have increased their net worth in the latest Forbes Billionaires list from a year earlier. Leading...
article Gaming | 2018 and whether it will be the year of the mass-market breakout
(Macau) -- The old joke, put 10 economists in a room and you will find 11 opinions, can be applied to analysts too, who seldom agree on anything.

3/5/2018

article Macau has horse racing? New deal gives ailing track a 24-year lease of life and ensures the sport won’t go to the dogs
(Macau) -- Macau’s controversial Canidrome greyhound track will close in July but last week the Macau Jockey Club was assured it would not go to the dogs as well...

3/2/2018

article Casino revenue growth in Macau fails to meet expectations in Feb
(Macau) -- Falling short of analysts’ expectations, gambling revenue in Macau saw only a 5.7% increase in February in spite of the Lunar New Year holiday, during...
article Casino revenue growth in Macau fails to meet expectations in Feb
(Macau) -- Falling short of analysts’ expectations, gambling revenue in Macau saw only a 5.7% increase in February in spite of the Lunar New Year holiday, during...
article Macau Casino Revenue Higher by Just 5.7% in February
(Macau) -- Macau’s casino market saw its gross gaming revenue rise by 5.7% to US$3.01 billion in February, according to the latest information released by the...

3/1/2018

article Macau steps up efforts to lure mass market punters
(Macau) -- Las Vegas Sands and Wynn Resorts are stalwarts of the US gambling industry but their profits — and their prospects — depend on tempting new...
article Macau's Casinos Have Been Relying On VIPs, But The Mass Market Is Crucial To Future Growth
(Macau) -- Everyone agrees Macau’s future lies with the mass market, not VIPs. No one can agree on when that future will begin, though. Macau’s recovery...

2/28/2018

article Casino Grand Lisboa income drops
(Macau) -- Casino Grand Lisboa revenues for the year ended December 31, 2017, grew by 5.8 percent to HK$14.86 billion, SJM Holdings (0880) said today. Profit...
article Chinese VIPs bring better-than-expected 2017 revenue for Galaxy Entertainment
(Macau) -- Net profit of Macau-based casino operator Galaxy Entertainment Group (GEG) soared 67 percent in 2017 as Chinese high rollers returned to the world’s...
article Macau casino revenue growth falls short of expectations in Feb
(Massachusetts) -- Gambling revenue in the Chinese territory of Macau rose 5.7 percent in February, less than analysts had expected for the big-spending holiday period...

2/27/2018

article CNY timing drives January arrivals to Macau down 5pct
(Macau) -- The number of visitor arrivals to Macau during January fell by 4.7 percent year-on-year according to data released on Monday by the city’s Statistics...
article Macau Jockey Club concession extended to 2042: govt
(Macau) -- The Macau Horse Race Co Ltd, which runs Macau Jockey Club, is to get an extension of its horse racing betting concession for a period of 24 years and six...
article Macau visitors spending more, enjoying themselves less
(Macau) -- Macau welcomed a higher number of tourists in 2017 but a smaller slice of this tourist horde came away with a good impression of the world’s top...
article No meaningful upping of Macau non-gaming on cards: MS
(Macau) -- Macau casino operator non-gaming revenue “may never reach” the heights of the Las Vegas market in the United States, where it accounts for...
article The 13 casino may open next year
(Macau) -- The casino and retail shops at the long-delayed The 13 Hotel may open in March 2019, according to a filing by the operating company to the Hong Kong Stock...

2/26/2018

article Macau visitors spending more, enjoying themselves less
(Macau) -- Macau welcomed a higher number of tourists in 2017 but a smaller slice of this tourist horde came away with a good impression of the world’s top...
article Unlucky 13 Casino in Macau Facing Further Opening Delays to March 2019
(Macau) -- The 13, as the casino in Macau’s Coloane Valley is known, may be regretting its choice of an unlucky number for its nomenclature. The gaming venue has...

2/24/2018

article Fitch Ratings Upgrades Macau 2018 GGR Forecast Following Strong January
(Macau) -- Fitch Ratings now expects Macau gross gaming revenue (GGR) to grow 13 percent in 2018. That’s a two percent increase on earlier forecasts, which called...

2/23/2018

article Macau casinos ponder meaning of China’s transit visa price hike
(Macau) -- Macau enjoyed a healthy year-on-year bump in visitors during the Lunar New Year festivities but analysts are fretting over a sudden and significant rise in...
article Macau Poised To Boost Casino ETF
(Worldwide) -- The VanEck Vectors Gaming ETF BJK, +1.15% the only exchange traded fund dedicated to casino and gambling stocks, is up modestly this year and higher by...

2/21/2018

article A Greyhound Racetrack Meets Its Demise
(Macau) -- Six dog handlers, each escorting a greyhound, stepped onto the wet sand of Asia’s only legal dog-racing track to little noise except a subtropical rain...

2/14/2018

article Macau Legend expects net loss to increase 85 pct in 2017
(Macau) -- The board of directors of local gaming operator Macau Legend Development expects ‘to record an increase of over 85 per cent in its consolidated net loss...
article MGM China CEO sees appeal of Cotai resort offsetting delayed opening
(Macau) -- Grant Bowie says the new resort complements MGM’s existing Macau property, allowing the company to cater to the full range of travellers.

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