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Las Vegas Sands looks to fight off last Macau license lawsuit

Asian American Entertainment Corp. is now asking for $11.94B as compensation in a lawsuit filed against four Las Vegas Sands (LVS -2.5%) subsidiaries, according to GGR Asia.

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Macau Gaming

11/13/2019

article Sands China President Wong Forecasts Macau Stability Through End of 2019
(Macau) -- Sands China Ltd. President Wilfred Wong believes the gaming environment in Macau will be stable for the remainder of 2019 even as some operators fret about...
article Where the Money Is Flowing in Macao
(Macau) -- Third-quarter earnings reports have shown a sharp decline in revenue for operators like Wynn Resorts (NASDAQ:WYNN) that cater to the high-end gamblers known...

11/12/2019

article Authorities meet with Macau’s casino operators to review casino security measures
(Macau) -- Macau’s Gaming Inspection and Coordination Bureau has revealed it met with representatives of the city’s six casino concessionaires earlier this...
article Junket promoters VIP room investment scam
(Macau) -- Two detained Hong Kong residents and one unidentified man on the run are reportedly responsible for a casino VIP room investment scam, the Judiciary Police (...
article Macau gambling supervisor effort commended internationally
(Macau) -- Paulo Martins Chan, head of the Gaming Coordination and Inspection Bureau, said yesterday at the MGS Entertainment Show that the bureau’s work in...
article Wynn Macau hints at IR training center in Hengqin
(China) -- Wynn Macau appears to be working towards the establishment of a training center in Hengqin – the Chinese free trade zone located adjacent to Macau...

11/11/2019

article Macau casino retender process likely pragmatic: Fitch
(Macau) -- Fitch Ratings Inc says it anticipates the Macau government will take a “pragmatic” approach to the expected public retender of Macau gaming rights...
article Paradise Entertainment to incentivize staff with new share award scheme as 3Q19 GGR falls 9.5%
(Macau) -- Macau’s Paradise Entertainment Group has launched a new share award scheme aimed at rewarding employees deemed to have contributed to the development of...

11/10/2019

article VIDEO: Wynn Macau’s Vice Chair Doubles Down on Vegas-Style Expansion Plan
(Macau) -- Wynn Macau Vice Chair Linda Chen is betting that an ambitious vision that is reminiscent of Steve Wynn's first Strip casino, the Mirage, will help...

11/6/2019

article Macau casino revenue drops to US$3.305 billion in October
(Macau) -- Macau casino gross revenues fell 3.2% year-on-year in October to 26.443 billion patacas (US$3.305 billion), according to figures released by the Gambling...
article Macau Junket Boss Alvin Chau Of Suncity Sends Former Mistress $38 Million Breakup Gift
(Macau) -- The often-fraught relationship between Alvin Chau, the playboy CEO of Macau’s biggest junket operator, Suncity, and Malaysian-American model Mandy Lieu...

11/5/2019

article Gaming Industry Analysts Expect Macau Casino Revenue Rebound in 2020
(Macau) -- Gaming industry analysts believe 2020 will be a better year for the six licensed casino operators in Macau, the world’s richest gambling hub.
article Melco revenues boosted by Macau mass market table games segments
(Macau) -- Melco Resorts & Entertainment Limited reported Wednesday its unaudited financial results for the third quarter of 2019. In connection with the company...
article Galaxy Macau to have Andaz branded hotel, to open 1H 2021
(Macau) -- Galaxy Entertainment Group Ltd plans to open in Macau in the first half of 2021 an Andaz hotel, a brand of Hyatt Hotels Corp. It will be the first...
article Macau Casino Tycoon Gives Mistress $38 Million as a ‘Breakup Fee’
(Macau) -- Malaysian-American model Mandy Lieu is getting a sizable amount as a “breakup fee” from Macau casino tycoon Alvin Chau. Lieu, who has been Chau...

11/4/2019

article Luxury lifestyle hotel Andaz Macau to form part of new Galaxy International Convention Center at Galaxy Macau
(Macau) -- Galaxy Entertainment Group (GEG) has announced that luxury lifestyle hotel brand Andaz will open its first Macau hotel, Andaz Macau, in 2021 as part of Galaxy...
article South Shore confirms sale of 50% stake in THE 13 to trio of Hong Kong companies
(Macau) -- South Shore Holdings Ltd has revealed it will offload a 50% stake in embattled Macau hotel THE 13 for HK$750 million after reaching an agreement with three...

11/3/2019

article Gaming operators mass market share expansion sustaining positive results – Analysts
(Macau) -- Analysts told MNA that gaming operators’ efforts to increase their mass-market share are helping them to record positive results despite an overall drop...
article Gross gaming revenue plunges 3.2% despite recording strongest month
(Macau) -- Macau’s gross gaming revenue recorded a 3.2 per cent year-on-year decrease in October to MOP26.43 billion ($3.28 billion), according to official data...

11/2/2019

article Francis Lui tops 2019 Asian Gaming Power 50
(Macau) -- The Deputy Chairman of Galaxy Entertainment Group, Francis Lui, has topped the 2019 Asian Gaming Power 50 – Inside Asian Gaming’s annual ranking...
article Macau GGR down 3.2% in October
(Macau) -- Macau’s gross gaming revenue declined 3.2% in October, although the National Day holiday ensured it was the SAR’s biggest month of the year in...
article Macau VIP market might ‘stabilise’ - Ho
(Macau) -- The Macau VIP gambling market might “stabilise” based on evidence from this month, the start of the fourth quarter, said Lawrence Ho Yau Lung,...

11/1/2019

article Macau casino gaming revenue falls in October on VIP slowdown
(Macau) -- Macau’s casino gaming revenue suffered a 3.2% decline in October, with China’s economic slowdown blamed for putting a crimp on VIP gambling...
article Macau Casino Revenue Declines Again, October Kills Golden Goose
(Macau) -- Macau casino gross gaming revenue (GGR) was in the red for a sixth month in 2019, as October’s haul came in at $3.28 billion – a 3.2 percent year-...

10/31/2019

article Despite flat revenue, Macau gambling investment up
(Macau) -- Gaming revenue in Macau has been relatively flat this year, compared to initial expectations, but this doesn’t mean that the gambling city has fallen...
article Macau casino revenue drops 3.2% in October
(Macau) -- Gambling revenue in the Chinese territory of Macau dropped 3.2%in October year on year, hit by tempered demand from high-roller gamblers due to slowing...
article Macau gaming revenue slips on weak Chinese economy, geopolitics
(Macau) -- Macau gaming revenue showed further weakness in October as the world's largest gambling hub was hurt by China's economic slowdown and pro-democracy...
article Studio City Macau set to launch second phase construction
(Macau) -- In Macau and the boss for Asian casino operator Melco Resorts and Entertainment Limited has reportedly announced that his firm is planning to begin...

10/23/2019

article Judicial agreement with Macau not aimed at gambling crimes under Korean law
(Macau) -- The South Korean Consul General in Hong Kong said today that the two agreements signed with the Macau SAR for the extradition of convicted fugitives and for...
article Macau Welcomes 30.2M Visitors Through September 2019, But Gaming Win Lagging Tourism Growth
(Macau) -- Macau is experiencing a surge in visitor arrivals this year. But the increase in the number of people in the Chinese Special Administrative Region (SAR) isn...

10/21/2019

article Macau gambling participation slips to record low in 2019
(Macau) -- The number of people gambling in Macau dipped to a record low in 2019, according to a survey commissioned by the Social Welfare Bureau, with the number of...

10/19/2019

article Sex for sale: what happened to Macau casinos’ new family-friendly image?
(Macau) -- Just weeks after a major US State Department report criticised Macau for failing to meet “minimum standards” in the battle against human...

10/18/2019

article Macau Casino Workers Barred From Entering Gaming Floors Off-Hours
(Macau) -- Macau casino employees won’t be permitted to enter their workplaces when not on the job, according to a new law going into effect on December 27, 2019.

10/17/2019

article Macau casino Q3 mass market revenue outpaces VIP baccarat
(Macau) -- Macau casinos’ mass market gaming revenue crushed the VIP segment in the third quarter of 2019, and mass market baccarat came within a whisker of...
article Smoking ban responsible for slowing gaming growth
(Macau) -- During yesterday’s conference, Zeng Zhonglu, a professor from the Center for Gaming and Tourism Studies at the Macao Polytechnic Institute, said that...
article These casino employees won't be allowed on gaming floors when they're not working
(Macau) -- Should casino workers be allowed to gamble when they’re off the clock? They won’t be for long in Macau, where the local Gaming Inspection and...
article VIP gross gaming revenues drop 22.4pct y-on-y in Q3
(Macau) -- VIP gross gaming revenues – represented by VIP baccarat – dropped 22.4 per cent year-on-year to about MOP31 billion (US$3.8 billion) in the third...
article Macau Casino Workers Barred From Entering Gaming Floors Off-Hours
(Macau) -- Macau casino employees won’t be permitted to enter their workplaces when not on the job, according to a new law going into effect on December 27, 2019.

10/16/2019

article Macau 3Q VIP baccarat down 23pct y-o-y: govt
(Macau) -- Macau VIP baccarat gross gaming revenue (GGR) fell by 22.5 percent year-on-year in the third quarter, according to government data released on Wednesday.
article DICJ meets with Macau concessionaires, confirms new law banning workers from casinos to take effect from 27 December 2019
(Macau) -- Macau’s Gaming Inspection and Coordination Bureau has confirmed that an amended law prohibiting off-duty gaming workers from entering the city’s...
article Macau Casino Workers Barred From Entering Gaming Floors Off-Hours
(Macau) -- Macau’s Gaming Inspection and Coordination Bureau – stylized DICJ – recently met with the six licensed casino operators to inform them of...

10/14/2019

article Macau GGR likely to shrink y-o-y every month of 4Q: MS
(Macau) -- Macau casino gross gaming revenue (GGR) is likely to shrink in every month of the fourth quarter, when judged year-on-year, says banking group Morgan Stanley.

10/13/2019

article Macau GGR likely to shrink y-o-y every month of 4Q: MS
(Macau) -- Macau casino gross gaming revenue (GGR) is likely to shrink in every month of the fourth quarter, when judged year-on-year, says banking group Morgan Stanley.

10/11/2019

article New Macau CE has tough work on gaming laws, public policy
(Macau) -- Macau’s six existing gaming licensees have a good chance of having their local gaming rights refreshed beyond their upcoming expiry dates in 2022,...

10/10/2019

article Macau govt gets US$49mln in taxes from junkets in 2018
(Macau) -- The Macau government collected in 2018 nearly MOP394.2 million (US$48.8 million) in taxes on commissions paid by casinos to junkets, according to the...
article Macau names break higher
(Macau) -- Macau casino stocks are perky with U.S. and China trade negotiations seeming to heat up at a higher level.

10/9/2019

article Lawrence Ho leads Melco executives on Zhuhai educational tour
(Macau) -- Melco Resorts & Entertainment Chairman and CEO Lawrence Ho has led a team of senior executives on a visit to Zhuhai as part of an initiative to gain a...
article Wynn, Sands and MGM Didn’t Hit the Jackpot During China’s Golden Week, Analyst Says
(Macau) -- Golden Week just wrapped up in China, but for Macau-based casinos, the semiannual celebration likely won’t do much to add luster to October results,...

10/8/2019

article Cabo Verde is one of West Africa’s most attractive tourist markets
(Macau) -- Cabo Verde is among the most attractive tourist markets in West Africa at a time when the continent is increasingly attracting tourism investment, according...
article Macau gaming STRs down 18pct in Jan-Sept: watchdog
(Macau) -- Macau’s Financial Intelligence Office said it received 1,382 suspicious transaction reports – commonly known among anti-money laundering...
article Visitors to Macau down 3pct on last day of Golden Week
(Macau) -- Visitor arrivals to Macau on the seventh – and last – day of the autumn Golden Week holiday period were down by 3.1 percent from the same period...

10/4/2019

article Loan shark boss targeting Macau casinos gets 16 yrs in jail
(Macau) -- A man convicted of leading a loan-sharking gang targeting Macau casino customers has been jailed for 16 years by a court in the city. He has also been given a...

10/3/2019

article Gross gaming revenue touches lowest level in a year
(Macau) -- Macau gross gaming revenue touched the lowest level in a year last month, but nevertheless registered growth in what has been a mostly red year. September...

10/1/2019

article Macau’s GGR up 0.6% in September to MOP$22.08 billion
(Macau) -- Macau reported gross gaming revenue of MOP$22.08 billion (US$2.73 billion) in September, a slight 0.6% year-on-year increase and largely in line with...

9/30/2019

article Macau Casino Gaming Revenue Touches the Lowest Level in a Year
(Macau) -- Macau gaming revenue in September touched the lowest level in a year as casinos continue to be slammed by economic and geopolitical troubles.
article Macau casino revenue up 0.6% in September
(Macau) -- Gambling revenue in the Chinese territory of Macau rose 0.6% year-on-year in September as tempered demand from high roller gamblers amid the ongoing Sino-U.S...

9/28/2019

article MGS to highlight Macau’s vital role in Greater Bay Area: Jay Chun
(Macau) -- Jay Chun, head of the MGS Entertainment Show and Chairman of the Macau Gaming Equipment Manufacturers Association, has expressed his desire for this year...
article The life of Taiwanese Executive Hosts in Macau
(Macau) -- Aside from local residents, most Executive Hosts working in Macau are Taiwanese, with several having talked to MNA to discuss why they opted to work in the...
article Zhuhai Hopes MICE Will Entice Macau Neighbours
(Macau) -- The neighbour of Macau, Zhuhai is planning to auction off a piece of land measuring 226,000 square meters (55.8 acres) that it believes will entice the multi-...

9/27/2019

article Defying values of Islam, Bangladesh set to have Macao-like casinos
(Bangladesh) -- Even as Islam forbids gambling, Muslim-majority Bangladesh plans to introduce Macao-like casinos to attract foreign tourists. Mohibul Haque, Civil...

9/25/2019

article Trump administration goes on the record for Indian Country funding
(Washington D.C.) -- Does the Trump administration support funding Indian programs ahead of time? In recent months, it's been hard to tell, as key officials from the...
article COHEN: Macau Casino License Expiration Dilemma Has New Boss, Old Rules
(Macau) -- Macau gaming concession expiration remains the elephant in the room for the world’s casino capital. In Beijing earlier this month, Macau’s new...

9/24/2019

article Macau gaming authority to pull back on data sharing
(Macau) -- Macau’s gaming regulator is taking a step forward in providing better protection for gamblers’ personal data. Just like jurisdictions across the...
article Secretive gaming directive might fall outside the law
(Macau) -- The gaming regulator has formally instructed local casino operators and junkets not to transfer “gaming-related information” to any third parties...

9/23/2019

article Macau's casino hub sees boom in endangered wildlife trade: Report
(Macau) -- Imports into Macau of endangered wildlife products more than doubled in a decade and will likely soar due to rising spending power and tourism in the Chinese...
article Macau’s October Golden Week set to disappoint: analysts
(Macau) -- Gaming analysts have revealed modest expectations for Macau’s gaming operators in the upcoming October Golden Week, with a lower quality customer tipped...

9/22/2019

article ‘Very unlikely’ that US gaming operators will leave Macau over trade spat: scholar
(Macau) -- Liang Ming, a researcher at the Chinese Academy of International Trade and Economic Cooperation, an affiliated institution under the Ministry of Commerce (MOC...

9/20/2019

article A sharp rise in casino op tally not good for Macau: Rui Cunha
(Macau) -- Veteran Macau-based lawyer Rui Cunha says the city lacks capacity to deal with a potential sharp jump in the number of casino licence holders as part of the...

9/18/2019

article Macau 2019 casino earnings have further to fall: MS
(Macau) -- Earnings of casino firms in the Macau market “have not bottomed” despite the current attractive valuations for the stocks of such firms. So said...
article Macau Casinos Continue to Generate Millionaires Taxes for the City This Year
(Macau) -- The gaming industry in Macau continues to be successful beyond repeated comments about alleged mediocre performance. The 9.49 billion in tax revenue generated...
article Macau gaming revenue predicted to continue drop through 2019 end
(Macau) -- Macau is suffering from a gaming drought that has resulted in 2019 being slightly weaker than expected. There isn’t much cause for alarm, given that the...
article China – Macau’s incoming Chief Executive pours doubt on further satellites and sub concessions
(Macau) -- Macau’s incoming Chief Executive Ho Iat Seng has lent his support to an upper limit on the number of casino licences allowed in the upcoming revision of...

9/17/2019

article Macau 2019 casino earnings have further to fall: MS
(Macau) -- Earnings of casino firms in the Macau market “have not bottomed” despite the current attractive valuations for the stocks of such firms. So said...
article Macau airport to handle 9mln journeys this year: official
(Macau) -- Macau International Airport could see aggregate passenger volume for 2019 reach “over 9 million” arrivals and departures, said the president of...
article Macau gaming commissions hit four-year high in 2018
(Macau) -- Commissions and certain other costs linked to Macau casino sales hit a four-year high in 2018, while the industry’s contribution to the local economy...
article Single digit percent Macau GGR rise for Sept: analysts
(Macau) -- Macau casino gross gaming revenue (GGR) is likely to expand in September by between 4 percent and 7 percent year-on-year.

9/16/2019

article Macau Casinos Deliver Enclave Government $9.5B in Tax Revenue Despite Recession
(Macau) -- Macau casinos generated MOP75.32 billion ($9.5 billion) in tax revenue for the local government in the eight months completed in 2019. That’s a 1.5...
article Macau casinos running strong, billions in taxes collected in 2019
(Macau) -- Despite what has been repeatedly described as showing a lackluster performance, the gambling industry in Macau has still been successful enough to give the...
article New boss makes Macau promises
(Macau) -- Macau chief executive-elect, Ho Iat Seng, promised to safeguard Macau’s gaming and tourism industries during a press briefing in Beijing.

9/13/2019

article Lack of premium mass strategy begs questions of SJM’s Grand Lisboa Palace launch: analysts
(Macau) -- The short-term success of SJM’s under-construction Cotai integrated resort, Grand Lisboa Palace, appears questionable with the company’s lack of expertise in...
article Macau CE-designate pledge to solve gaming rights issues
(Macau) -- Macau’s Chief Executive-designate Ho Iat Seng (pictured in a file photo) has said during a visit to Beijing – where he met President Xi Jinping and other...
article Macau gaming tax take circa US$9.5bln to August, up 1.5pct
(Macau) -- The Macau government says it collected MOP76.47 billion (US$9.49 billion) in tax revenue from the city’s gaming industry in the first eight months this year....

9/12/2019

article What Does China’s Falling RMB Mean For Macau Gaming Stocks?
(Macau) -- Given that it's illegal to gamble in China, Macau has been a popular destination for Chinese tourists for years. Not only is gambling legal in Macau but...
article Wynn Resorts cautions Macau in for a rough third quarter
(Macau) -- Analysts might have some very well educated guesses as to how the Macau casino industry will come out of the rocky year its having, but the best information...
article Hengqin Island Family Attraction Launches Across from Macau Gambling Hub
(Macau) -- National Geographic Ultimate Explorer Hengqin is 14,764 square feet and features 15 attractions targeted to six to 12 years olds and their relatives. The...

9/11/2019

article Is Macao Heading Into Recession Again?
(Macau) -- Macao casino revenue fell 8.6% in August, the second straight month it was down. Gambling revenue has been down for five of the eight months of 2019 so far.
article Macau Anniversary Celebration Could Damper Casino Win, But 2020 Promising
(Macau) -- The 20th Macau anniversary celebration this December to commemorate the enclave’s return to China could impede general tourism and subsequently hurt...
article Macau gaming performance to improve in 2020: Grant Bowie
(Macau) -- The chief executive of Macau-based casino operator MGM China Holdings Ltd, Grant Bowie (pictured in a file photo), says the performance of the Macau gaming...
article OP/ED: Macau casinos’ Big Brother tech needs to be deployed carefully
(Macau) -- We all know casinos floors are some of the most watched spaces. Step onto one and eyes follow your every step. Cameras dotted along walls and pillars feed the...

9/10/2019

article Macau VIP GGR won’t be as high as predicted as 2019 draws to a close
(Macau) -- It was thought that the second half of 2019 would be the savior of Macau’s casino revenue. A weak first half of the year would only be proceeded by a...
article Sands China’s responsible gaming efforts continue to strengthen
(Macau) -- Sands China Ltd. has been enhancing its Responsible Gaming efforts by further reaching out to the local community and making it a better place to live....

9/8/2019

article Macau Casino Employees Want Healthier Workplace Environments, Better Holiday Schedules
(Macau) -- Macau casino employees say in a survey that they want better holiday schedules, a five-day work week standard, and healthier workplace environments free of...
article Pansy Ho becomes first Macau casino boss to speak out for Hong Kong government on protests
(Macau) -- Casino magnate Pansy Ho is set to defend the actions of the Hong Kong government in response to recent city-wide protests in a speech to the United Nations...

9/6/2019

article Gaming staff wish list sent to Macau CE-elect: activists
(Macau) -- Macau casino workers have named improved holiday rights as their most-desired improvement to workplace benefits, according to an August survey. The results of...
article Macau casinos get green light for 21 more smoking lounges
(Macau) -- Macau’s Health Bureau says it had given permission in the last two months for 21 new-style smoking lounges in Macau’s gaming venues, according to...

9/5/2019

article Man hangs himself at Cotai Strip footbridge
(Macau) -- A 27-year old Chinese man hung himself today at the pedestrian overpass connecting The Venetian to Sands Cotai Central in Cotai, the Judiciary Police (PJ)...
article Rally for Macau names after U.S.-China trade meeting set
(Macau) -- Macau casino stocks open with modest gains as the latest trade news swings to the positive side with a meeting between U.S. and China reps set for October.
article Sands China, Galaxy Entertainment Dominate Macau Gaming Market, Account for 45 Percent Share
(Macau) -- Sands China and Galaxy Entertainment are the two dominant casino operators in Macau, controlling a 45.5 percent market share of the richest gaming hub on...

9/4/2019

article Chips are down for Macau casinos amid Hong Kong protests, slowdown in mainland Chinese economy
(Macau) -- The immediate outlook for Macau’s casino sector looks grim, after gross gaming revenue fell 8.6 per cent in August – its biggest monthly drop...
article Macau Police Testing 100 Face and Vehicle Recognition Cameras
(Macau) -- Macau police have announced plans for a facial and object recognition trial that leverages the city’s extensive network of CCTV surveillance cameras....

9/3/2019

article Macau saw slower 2Q growth in casino crimes: govt
(Macau) -- Macau’s police services have seen a slowdown in terms of the year-on-year growth of gaming-related loan-sharking and unlawful detention cases during the...

9/2/2019

article At just 16 nightly bookings, it’s no surprise no one wants The 13
(Macau) -- South Shore Holdings had big plans for The 13 in Macau. The hotel would ultimately become a major resort in the city, complete with a fashionable casino and...
article Macau casino revenues see biggest fall of the year in August
(Macau) -- August was the month in which gross revenues from Macau casinos contracted most year-on-year since the beginning of the year, down by 8.6% to 24.262 billion...

9/1/2019

article Macau casino stocks fall after gambling revenue disappoints
(Macau) -- Shares of Macau casino companies dropped early on Monday after gambling revenue slid more than expected in August due to slowing economic growth, China's...

8/31/2019

article How China’s Casino Enclave of Macau Could Become a Bargaining Chip in the U.S. Trade War
(Macau) -- Last week, in a violent Twitter storm, President Donald Trump “ordered” U.S. companies to leave China and return home as tensions in the U.S.-...
article Macau’s casino revenues drop 8.6% in August
(Macau) -- Gambling revenue in the Chinese territory of Macau dropped 8.6% in August on the year, hit by tapering demand from high rollers, due to slowing economic...

8/29/2019

article Union Gaming dips Wynn group 2019 EBITDA on soft Macau
(Macau) -- Brokerage Union Gaming Securities LLC is reducing by 2.5 percent its estimates for adjusted earnings before interest, taxation, depreciation and amortisation...

8/28/2019

article HK protests impact on Macau minimal: Morgan Stanley
(Macau) -- Street protests that have been affecting Hong Kong for months have so far had a “minimal impact” on casino revenue in neighbouring Macau, said Morgan Stanley...

8/27/2019

article Appointment of new Chief Executive, Ho Iat-seng brings promise of greater engagement with Macau’s casino operators
(Macau) -- The business background of Macau’s new Chief Executive, Ho Iat-seng, will be welcomed by the city’s casino operators as an opportunity for greater...
article Six Macau casino concessions post 2022 enough: SJM CEO
(Macau) -- The chief executive of one of Macau’s six current gaming licensees says there should not be an increase in the aggregate number of concessions following...

8/24/2019

article Gambling hub Macau chooses Beijing-backed man as leader
(Macau) -- The Chinese territory of Macau elected former legislature head Ho Iat Seng as its leader on Sunday - the sole approved candidate. Ho, who has deep ties to...
article Why Macau hasn't been swept up by Hong Kong's pro-democracy protests
(Macau) -- Most people know Macau as the casino capital of the world and the only place in China where casino gambling is legal — but what is lesser known is the...

8/23/2019

article Incoming Macau Chief Executive Opposes Hong Kong Protests, Committed to China
(Macau) -- Ho Iat Seng, Macau’s next chief executive, says he’s opposed to the ongoing protests in Hong Kong, and instead favors only bolstering the casino...
article Macau casino dealer tally up nearly 5pct in 2Q
(Macau) -- There were 25,213 dealers employed in the Macau casino industry at the end of the second quarter 2019, up 4.8 percent from the prior-year period, according to...
article Macau stocks can't shake trade woes
(Macau) -- The Macau casino sector is back in the uncomfortable position of being a potential bargaining chip in the U.S.-China trade battle.
press release Paradise Entertainment Limited Reports 2019 Interim Results
(Macau) -- Paradise Entertainment Limited ("Paradise" or the "Company", or together with its subsidiaries referred to as the "Group") (HKEx...
article Resorts With Macau Casino Exposure Face Sharp Q3 2019 Decline
(Macau) -- Resorts with significant exposure to Macau casinos face a sudden disruption of normal tourist trends during 3Q 2019. Expansive growth in Macau gaming is...

8/22/2019

article MGM says no facial recognition system installed in casinos
(Macau) -- The casinos of MGM Macau and MGM Cotai are not using facial recognition technology in their surveillance systems, according to CEO and Chief Executive Officer...

8/20/2019

article HK airport closure no impact on Macau weekly GGR: analysts
(Macau) -- The temporary closure of Hong Kong International Airport on August 12 and 13 in relation to protests that have been affecting that city, did not hurt gross...
article Macau not hurt by Hong Kong airport shutdowns, analysts say
(Macau) -- The Macau focused brokerage firms don’t think the Hong Kong protests, which closed the latter city’s airport on August 12 and 13, caused much of...

8/19/2019

article Gaming Stocks Get Boost From Bullish J.P. Morgan Note on Macau
(Macau) -- Shares of casino stocks were rising sharply Monday after analysts at J.P. Morgan published a note saying that the pro-democracy protests in Hong Kong won'...
article Macau sector sized up amid Hong Kong disruption
(Macau) -- An important note is out from JPMorgan's Asia Pacific desk this morning on the Macau sector.

8/13/2019

article Macau casinos to suffer from Hong Kong airport closures
(Macau) -- With the closure of Hong Kong International Airport on August 12 and 13, Hong Kong’s protests have reached a whole new level. As protestors continue to...

8/12/2019

article Las Vegas Sands looks to fight off last Macau license lawsuit
(Macau) -- Asian American Entertainment Corp. is now asking for $11.94B as compensation in a lawsuit filed against four Las Vegas Sands (LVS -2.5%) subsidiaries,...

8/11/2019

article Moody’s expects gaming licenses in Macau to be renewed
(Macau) -- Three Las Vegas companies likely will get their gaming concessions in Macao extended, despite the choppy U.S. trade relationship with China, a leading bond...

8/9/2019

article VIP business down in Macao for Las Vegas-based casino companies
(Las Vegas) -- VIP business in Macao has taken a hit from the U.S.-China trade war, adversely affecting three Las Vegas-based companies. The trade war, along with...

8/7/2019

article Macau's casinos count cost of Hong Kong's escalating protests
(Macau) -- Growing protests in the Asian financial center of Hong Kong are weighing on the neighboring Chinese territory of Macau as some visitors steer clear of the...

8/5/2019

article Macau Restricts Use of Casino Tech That Could Help the House Win
(Macau) -- Macau’s gaming watchdog has restricted the use of artificial intelligence tools that may help casino operators track gamblers likely to bet big,...

8/1/2019

article Macau VIP Play Crashes 20 Percent in July, Gaming Analyst Concerns Increase Regarding Enclave Outlook
(Macau) -- Macau’s Gaming Inspection and Coordination Bureau (DICJ) reveals that gross gaming revenue (GGR) totaled MOP24.45 billion ($3.03 billion) in June, which...

7/31/2019

article Macau casino revenues fall 3.5% year-on-year in July
(Macau) -- Gambling revenue in the Chinese territory of Macau dropped 3.5% in July from a year earlier, due to tempered demand from high rollers amid a slowdown in the...

7/30/2019

article Lisboa Palace opening delayed again
(Macau) -- The actual opening is likely to be still later in the year. Casino operator SJM’s first foray into Cotai has been beset by delays for years. It was previously...
article Macau hotels record fewer bookings in June
(Macau) -- The number of guests checking into Macau’s hotel and guesthouses fell 3.4% year-on-year to 1,119,000, impacted by fewer overnight stays from mainland China,...

7/25/2019

article MGM Cotai phase two expansion not before 2021: Bowie
(Macau) -- An expansion of the MGM Cotai casino resort, in Macau’s Cotai district, is “not likely” to be seen before 2021. So said the chief executive...
article North Koreans set to begin visiting Macau
(Macau) -- Macau is about to get an entirely new kind of VIP. CNN reports that Air Koryo, the North Korean flag carrying airline, has begun scheduling direct flights...

7/24/2019

article Morpheus boosts Melco’s Q2 results
(Macau) -- Melco Resorts & Entertainment said its Q2 revenue rose 17 percent, helped by the opening of its Morpheus Hotel in June last year and higher hold rates,...
article Tiny Apartments and Punishing Work Hours: The Economic Roots of Hong Kong’s Protests
(Hong Kong) -- Rents higher than New York, London or San Francisco for apartments half the size. Nearly one in five people living in poverty. A minimum wage of $4.82 an...

7/23/2019

article Ho Iat Seng looks set to be Macau’s next Chief Executive
(Macau) -- Casino operators can start getting serious about their future plans as Macau’s political outlook looks like its firming up quite nicely. The nomination...
article Macau Regulator Tightens Screws on Junkets After Chinese State Media Attack on Suncity
(Macau) -- Macau gaming regulator, DICJ, said it will to continue to conduct random spot checks on the enclave’s junket operations, Inside Asia Gaming reports.
article Macau visitation sees big jump in the first half of the year
(Macau) -- The gambling numbers out of Macau may not be as impressive as many had hoped for this year, but this doesn’t mean that the city isn’t receiving a...

7/22/2019

article Casino brawl pits scammers against loan sharks
(Macau) -- Scams in Macau continue to grow more popular, including those associated with currency exchange, gambling-related activities, internet dating and...
article Macau gaming stocks up after online gambling crackdown was said to be beneficial to local operators
(Macau) -- Credit Suisse said that Macau’s tougher measures on online gambling were beneficial to local casino operators and Macau gaming stocks were higher this...
article Naga3 development to rival Macau integrated resorts: NagaCorp
(Macau) -- Hong Kong-listed NagaCorp says that its impending US$3.5 billion Naga3 development at its Cambodian integrated resort NagaWorld will set a new quality...

7/21/2019

article Travel agencies group sues owner of Macau’s Beijing Imperial Palace Hotel, seeks to halt redevelopment
(Macau) -- A group of 20 travel agencies is seeking to have a proposed redevelopment of Macau’s Beijing Imperial Palace Hotel, home of Greek Mythology casino, put...

7/18/2019

article Macau casinos to implement facial recognition software
(Macau) -- On July 17, Paul Martins Chan, the director of the Gaming Inspection and Coordination Bureau (DICJ), explained that three casinos will begin using facial...

7/17/2019

article Macau watching junkets, but Suncity not under investigation
(Macau) -- Macau is putting its junket operators under tighter regulatory scrutiny following Suncity Group’s week to forget, but have so far found no major...

7/16/2019

article Government vows to continue crackdown on online gambling
(Macau) -- The government has been cracking down on illegal online gambling and will continue to do so, resulting in over 300 websites being shut down between 2016 and...
article Half of Macau casino ops testing face recognition tech: DICJ
(Macau) -- Macau’s Gaming Inspection and Coordination Bureau, also known by its Portuguese acronym DICJ, says that the use of facial recognition technology needs...

7/15/2019

article Macau sees suspicious casino transactions fall 14.4% in first half of 2019
(Macau) -- The number of Suspicious Transaction Reports (STRs) issued by Macau’s casino operators fell 14.4% year-on-year in the first six months of 2019,...
article Macau Slot says illegal sports betting is hurting the sector
(Macau) -- The operation of unlicensed betting companies in Macau is hurting the development of the sports betting sector, says local operator Macau Lottery Co., Ltd. (...
article Pansy Ho wants operators to offer Macau more in exchange for licenses
(Macau) -- If there’s any competition leading up to the 2022 Macau licensing process, SJM Holdings has made it clear that they are ready to play ball. In an...
article Suncity launches VIP club at Macau satellite casino
(Macau) -- Macau junket firm Suncity Group said it had a “soft opening” of a new VIP gaming club (pictured) at Rio Hotel on Macau peninsula on Monday. The...

7/14/2019

article Bet on Macau casinos, where too much is never enough, stock analysts say
(Macau) -- Betting on glitzy Macau’s casino stocks is a good long-term gamble, many analysts say – not because of high-rolling big whales but because of the...
article Gov’t should demand more from the gaming industry – Pansy Ho
(Macau) -- Businesswoman Pansy Ho told Lusa that the Macau government should demand more from the gaming industry and that SJM Holdings is already preparing for the 2022...

7/13/2019

article Suncity boss says not wanted man, apologises to Macau govt
(Macau) -- Alvin Chau Cheok Wa, chairman of Macau junket brand Suncity Group, read out a short, prepared statement at a Saturday press conference in Macau, denying that...

7/11/2019

article Wynn Resorts $2 Billion Crystal Pavilion Macau Expansion Will Include High-End Museum, Theater
(Macau) -- Wynn Resorts, Ltd. will expand in Macau, the market that accounts for the bulk of the company’s revenue, with eyes on adding the $2 billion Crystal...
article Wynn Resorts unveils plans for $2 billion art museum in Macau
(Macau) -- Wynn Resorts Ltd. unveiled plans for a USD2 billion (MOP16.1 billion) expansion of its properties in Macau, including a theater and museum in the world’...

7/10/2019

article DICJ warns junket operators to not promote online gambling through casinos in Macau
(Macau) -- The Gaming Inspection and Coordination Bureau (DICJ) warned local junket operators to not conduct any activity related to online gambling within the city...
article Macau gaming shares race higher on resurgence in Chinese visitors
(Macau) -- Investors are once again placing their bets on Macau’s casinos as trade war fears recede and visitor numbers rise, bolstering the shares of major...
article Who doesn’t want to work in a casino?
(Macau) -- A Macau study found that 81 per cent of casino workers disliked people smoking near them at work. Also in 2007 the Macau University of Science and Technology...

7/9/2019

article Macau casino areas prone to have the most smoking violations
(Macau) -- Smoking can be a very sensitive topic around Macau area casinos. Since smoking laws have become tighter in the administrative district, casinos have been...
article Chinese state media target Macau's Suncity in online gambling report
(Macau) -- Macau's biggest junket operator Suncity, which operates VIP gambling rooms around Asia, has raked in billions of dollars in online gaming and proxy...
article Suncity Group denies Chinese media claims it operates online casinos
(Macau) -- One of the most prominent junket operators in Macau, Suncity Group, has been accused of running online gambling operations by mainland state media. The firm...

7/8/2019

article Lisboeta scheme offers 1,500 job openings for Macau locals
(Macau) -- The under-construction Lisboeta Macau project wants to hire around 1,500 employees via a job fair to take place on July 16. A press release issued on Sunday...
article Survey hints at US$12 tourist tax in Macau: MGTO
(Macau) -- The majority of opinions in a survey about the introduction of a tourist tax in Macau suggested that the amount should be set at over MOP100 (US$12.43), said...
article Chinese state media target Macau's Suncity in online gambling report
(Macau) -- Macau’s biggest junket operator Suncity, which operates VIP gambling rooms around Asia, has raked in billions of dollars in online gaming and proxy...

7/7/2019

article Gaming is the forbidden fruit in China’s tropical Eden
(Macau) -- Located in southern China, Hainan aims to be the entertainment center of Mainland China, with luxurious resorts, white sand beaches, and seaside seafood...

7/5/2019

article China sells first sovereign bonds in casino hub Macau, sees strong demand
(Macau) -- China has sold the first tranche of a two billion yuan ($291.11 million) bond in Macau, as the Chinese-ruled territory tries to diversify from its dominant...
article Macau ops, DICJ in typhoon drill, test halting gaming
(Macau) -- Macau’s casino regulator, the Gaming Inspection and Coordination Bureau, said in a Wednesday statement that it “recently” held with the city...
article Melco, MGM China to pay staff summer bonuses
(Macau) -- Two more Macau casino operators have announced the payment of a mid-year bonus to their respective eligible employees. Melco Resorts and Entertainment Ltd...
article Nearly 5mln trips via Macau airport in 1H 2019
(Macau) -- There were 4.72 million passenger trips via Macau International Airport in the first six months of 2019, a tally up 18 percent when compared to the same...
article New Macau-Zhuhai frontier by 2020, LRT part open Dec: govt
(Macau) -- The Macau government expects a new 24-hour border checkpoint – linking the northern district of the city to Zhuhai in mainland China’s Guangdong...

7/4/2019

article China prices first sovereign bonds in casino hub Macau
(Macau) -- China has sold the first tranche of a two billion yuan ($291.11 million) bond in Macau, which comes as the Chinese-ruled territory tries to diversify from its...
article Macau's casino regulator says facial recognition can only be used for security
(Macau) -- The Gaming Inspection and Coordination Bureau (DICJ) stated that some equipment suppliers are testing preliminary facial recognition technology devices in...
article Top court orders junket operator couple to pay Galaxy MOP3.3 mln
(Macau) -- The Court of Final Instance (TUI) has ruled that a junket operator will have to pay an accumulated debt of some MOP3.3 million (US$411,321) to Galaxy Casino,...

7/3/2019

article DICJ conducts field exercises with Macau casino operators as typhoon season approaches
(Macau) -- Macau’s gaming regulator, the Gaming Inspection and Coordination Bureau (DICJ), has conducted field exercises with all six concessionaires in order to...
article Macau casino stocks enjoy strongest day since December on rising GGR
(Macau) -- Macau casino stocks enjoyed their best day since December on Tuesday following the news that gross gaming revenue in the SAR had beat consensus to record its...
article Study paints dark picture of effects of gaming-driven economic development – Macau Business
(Macau) -- A study titled ‘Economic Growth and Development in Macau (1999–2016): The role of the booming gaming industry’ has described what can be...

7/2/2019

article Macau Gambling Revenues Rise in June: WYNN, LVS, MLCO Gain
(Macau) -- Macau, the world’s largest gambling hub, has witnessed an increase in Gross Gaming Revenue (GGR) in June. Despite concerns related to the economic...
article Macau operators see shares rise on improved VIP outlook
(Macau) -- Macau casino operators rallied the most since December on signs that the world’s largest gaming hub is weathering a slowing Chinese economy and a...

7/1/2019

article Casino Stocks Rise Along With Gaming Revenue in Macau
(Macau) -- Macau, China's lone gaming region and the largest gaming hub in the world, saw gaming revenue jump 5.9% in June from a year earlier to $2.95 billion and...
article Macau Casino Shares Rise Most This Year on Improved VIP Outlook
(Macau) -- Macau casino operators rallied the most since December on signs that the world’s largest gaming hub is weathering a slowing Chinese economy and a...
article Macau casinos record highest revenue growth of 2019 for June
(Macau) -- Macau’s casino industry enjoyed its highest year-on-year growth of 2019 for June, as gross gaming revenue rose 6% to MOP23.81bn ($2.96bn). The total...

6/30/2019

article Macau casino revenues up 5.9% in June
(Macau) -- Gambling revenue in the Chinese territory of Macau rose 5.9% in June year on year, as sentiment to gamble saw an uptick in the world’s largest gambling...

6/29/2019

article The 13 Macau Sells 24 Rolls-Royce Phantoms at Deep Discount, Troubled Resort Still Planning Casino
(Macau) -- The 13 Macau, the non-gaming resort that opened last September south of the Cotai Strip, has sold 24 of its 30 cherished Rolls-Royce Phantoms at a deep...

6/28/2019

article China’s casinos use these tools to spot and track the biggest potential losers
(Macau) -- The house always wins — and now it has artificial intelligence on its side. Some of the world’s biggest casino operators in Macau, the Chinese...

6/27/2019

article Analysts: Remote Chance US Casino Operators Lose Macau Concessions Due to Trade War With China
(Macau) -- Gaming analysts say US casino operators licensed in Macau, the world’s richest gambling hub, shouldn’t be impacted by President Donald Trump...

6/26/2019

article Macau not relaxed on AML issues: casino regulator
(Macau) -- Macau has “not been taking a relaxed attitude” towards the issues of anti-money laundering (AML) and combatting the financing of terrorism, said...

6/25/2019

article More rubella cases surface in Macau
(Macau) -- If you ask Macau’s Health Bureau, the city is relatively safe and disease-free. There has not been an outbreak of rubella, it will tell you, in an...

6/20/2019

article Expansion aspiration for Macau’s waterfront Ponte 16 Resort
(Macau) -- Land-based casino operator in Macau, Success Universe Group Limited, has reportedly announced that it hopes to be given government permission ‘within...
article June growth lowered as mid-month data disappoints
(Macau) -- Brokerage Sanford C. Bernstein has lowered its year-on-year growth expectation for June to between 1% and 3%, citing weaker than expected data in its channel...

6/19/2019

article Casino resort Ponte 16 hopes for new phase nod this year
(Macau) -- Hong Kong-listed casino investor Success Universe Group Ltd hopes its construction plan for an extension of the waterfront casino resort complex Ponte 16 can...

6/18/2019

article Beijing-backed candidate announces bid to lead casino hub of Macau
(Hong Kong) -- The head of the legislature in Macau, the world's biggest gambling hub, formally declared his candidacy on Tuesday in the race to run the Chinese-...

6/17/2019

article Some Investors Pessimistic On Macau For Second Half Of 2019
(Macau) -- Given the negative impact the U.S. trade war with China has had on the broad Chinese equity market, Macau casino stocks have held up relatively well so far in...
article Casino scams involving large sums reported by the police
(Macau) -- The Judiciary Police (PJ) has reported a series of scams which mostly involved mainland residents who were in Macau as tourists. Two of these scams took place...

6/14/2019

article Macau’s casinos are betting big on art - but why?
(Macau) -- The proliferation of casinos in Macau since 2003 has been a spectacle to behold. Last year, these establish­ments helped bring nearly 36 million tourists...
article Two Macau Casinos Prepare Themselves For Typhoons Following The Recent Weather Update
(Macau) -- Two Macau casinos with waterfront have installed floodgates at their gambling establishments in Macau to protect from any inadvertent damages that might be...

6/12/2019

article AGA Reveals Data Showing U.S. Ahead of Macau in GGR
(USA) -- The United States and Macau continue to vie for the title of the world’s largest gaming market. As it turns out, the U.S. had a slight edge over the...

6/11/2019

article Casino operators express little interest
(Macau) -- In October, 2005 Las Vegas Sands Corp. and the Zhuhai Municipal Government signed a letter of intent in the United States, under the terms of which Las Vegas...
article June GGR seen gaining 3-5 percent: Bernstein
(Macau) -- Gross gaming revenue in June is expected to be lower than in the prior two months, but should still gain between 3 and 5 percent, according to analysts at...
article Macau Casinos Told to Prepare for ‘Four to Six’ Typhoons this Summer
(Macau) -- Macau’s gaming regulator, DICJ, has warned the enclave’s casinos to prepare for typhoon season, GGR Asia reports. The regulator announced Monday...

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