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Macau’s gaming revenue poised to fall by 3% in 2019, first decline since 2016

Analysts predict a mild improvement of 3% in 2020 on easy comparisons with this year’s low levels. One of the biggest blows was the absence of VIP gamblers, with junket operators moving to Southeast Asia, and other threats may come from Japan.

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Macau Gaming

3/29/2020

article Half Sands China Sheraton rooms for Macau govt amid virus
(Macau) -- Half of the 4,000 hotel rooms at the Sheraton Grand Macao hotel (pictured in a file photo) at the city’s Sands Cotai Central casino resort, have been...

3/28/2020

article Guangdong quarantine measures to further crush Macau GGR
(Macau) -- Macau gaming operators will likely see much of their remaining casino business vanish overnight after Guangdong Province announced on Thursday new quarantine...

3/26/2020

article Guangdong Group donates 600,000 surgical masks to Macau
(Macau) -- Junket operator Guangdong Group and its Guangdong Charity have donated 600,000 surgical masks to the Macau SAR government.
article Macau officials impose new casino restrictions on mainland China tourists
(Macau) -- The renewed limitations came as the region saw several new cases of COVID-19 after having been clear following the original coronavirus outbreak.
article SJM looking to respond to Chief Executive’s call for more Macau quarantine hotels
(Macau) -- Macau gaming concessionaire SJM says it is looking into mobilizing its hotel resources and hopes to provide at least one more hotel for the government to use...
article Hotel Royal Dragon for Macau quarantine, casino continues
(Macau) -- Hotel Royal Dragon, a three-star Macau property, has become the 10th local hotel to turn its facilities over to the Macau government – for an...

3/24/2020

article CE criticizes ‘unreachable’ casino operators for not offering quarantine facilities
(Macau) -- Chief Executive Ho Iat Seng has criticized Macau’s six gaming concessionaires for their unwillingness to allow their integrated resorts to be used as...

3/22/2020

article Las Vegas Is Closed But Casinos In Macau, China Have Reopened. Pandemic Wary Gamblers Are Now Offered Cash Cards To Show Up.
(Macau) -- Visiting Macau for the first time is like taking a time machine into the future. Some of the most outrageous and Orwellian-style skyscrapers fill this tiny...
article Macau welcomes just 250,000 visitors in month since casino re-opening
(Macau) -- Only 250,000 visitors arrived in Macau in the month after the resumption of casino gaming as entry restrictions continued to tighten amid the global COVID-19...

3/21/2020

article Can Las Vegas learn from Macau’s closure?
(Las Vegas) -- Nevada officials had a blueprint in Macau for stemming the spread of coronavirus. The faraway place with close ties to Las Vegas took swift action after...

3/19/2020

article 80% of Macau casino tables now operating under viral restrictions
(Macau) -- Macau casinos’ operations may slowly be getting back to normal but their financial performance is expected to be anything but normal for the foreseeable...
article Macau closes its borders to non-residents
(Macau) -- Macau closed its borders to all non-residents at midnight on March 17, with the exception of blue card holders and residents from greater China, after another...
article Macau Halves 2020 Gaming Revenue Forecast on Coronavirus Hit
(Macau) -- Macau, the world’s biggest gambling hub, is predicting a record drop in gaming revenue this year as casinos in the semi-autonomous Chinese territory...
article SJM Holdings Likely Delaying Opening of $5B Grand Lisboa Palace on Cotai Strip Due to Pandemic
(Macau) -- SJM Holdings is prepared to open its $5 billion Grand Lisboa Palace casino resort on the Cotai Strip at any moment, but may be forced to push back the grand...

3/17/2020

article Macau stimulus efforts no panacea to decline of gaming and tourism industries: economist
(Macau) -- A MOP$2.2 billion stimulus initiative providing all Macau citizens with a MOP$3,000 electronic consumption voucher will do little to revitalize the local...
article Macau to continue gaming floor guidelines but easing of border restrictions for mainland Chinese in sight
(Macau) -- All casinos in Macau must resume operations on 20 March as per a government directive following last month’s 15-day casino closure, but social...

3/16/2020

article Cotai IR launch looming large for SJM as VIP woes see share of Macau gaming market hit record low in 2019
(Macau) -- SJM Holdings booked a 12.5% increase in profit to HK$3.21 billion in 2019 on strong hotel income and lower gaming taxes, but the long wait to launch its Cotai...
article Macau records first new case of COVID-19 in over a month
(Macau) -- A 26-year-old South Korean non-resident worker was confirmed to be carrying COVID-19 on Sunday as Macau’s first confirmed case in over a month pushed...

3/10/2020

article Macau to face huge 2020 deficit as GGR falls off a cliff
(Macau) -- Macau could face a defecit of MOP48 billion ($5.99 billion) in 2020, according to the University of Macau Chair Professor in Accounting and Finance Jean Chen...
article Nearly half of all casino tables back in operation
(Macau) -- A total of 3,100 gaming tables have resumed operation since the reopening of casinos in February, representing 46% of the total number of tables. On February...
article Gaming and gambling employs over 58,000 people in Macau in 2019
(Macau) -- The gaming and gambling sector in Macau provided full-time employment to 58,225 people by the end of 2019, an increase of 1.7% on year, of which 25,459 were...

3/9/2020

article Macau encourages operators and junkets to avoid layoffs
(Macau) -- Macau concessionaire employees have one less thing to worry about as their industry is crushed by the ongoing effects of the COVID-19 coronavirus. Although...
article OP/ED: Bag of tricks
(Macau) -- The government launched an array of measures at the end of January in an attempt to control the spread of the novel coronavirus (COVID-19), including a 15-day...

3/8/2020

article Macau gaming tax take down 12pct in Jan-Feb
(Macau) -- The Macau government has collected just above MOP17.23 billion (US$2.15 billion) in tax revenue from the city’s gaming industry in the first two months...

3/7/2020

article Rise in Macao revenues showcases roulette’s worldwide appeal
(Macau) -- Throughout the history of casino gaming, roulette has been the centerpiece of the hall. The wheel of red, black, and green, accompanied by a table of numbers...

3/6/2020

article Just 50k visits to Macau in 9 days as casinos reopen: police
(Macau) -- In the nine days from the reopening of Macau’s casinos on February 20, the city welcomed in total fewer than half the tally of tourists it received on...
article “Top 5” junket re-hires 200 laid-off staff after DICJ sends warning letter to Macau gaming operators
(Macau) -- Macau’s gaming regulator, the DICJ, has written to the city’s gaming operators demanding they refrain from laying off workers after it was...

3/5/2020

article Analysis | Macau facing worst recession because this time China can’t help
(Macau) -- From early 2014 to early 2015, Macau went from being one of the fastest growing economies in the world to one of the slowest. A crackdown on corruption...

3/4/2020

article Macau Implementing Safeguards to Curb Problem Gambling Among Locals
(Macau) -- Gambling addiction among Macau locals continues to increase, prompting the enclave government to implement new protections to curb casino access for tens of...

3/3/2020

article Rich Goldman seeking new Macau partners after remaining junket operator ends Grand Lisboa deal
(Macau) -- Hong Kong-listed junket investor Rich Goldman Holdings is searching for a new Macau junket operator after parting ways with its one remaining operator, Hoi...

3/2/2020

article COVID-19 Sends Macau Casino Revenue Plunging 88% in February
(Macau) -- Macau casinos suffered a massive blow from COVID-19, the coronavirus that has infected thousands of people worldwide, after being forced to close for 15 days...
article Las Vegas Sands, Wynn Favored by Analyst Despite Bleak Near-Term Macau Backdrop
(Macau) -- On Sunday, the Macau Gaming Inspection and Coordination Bureau (DICJ) said gross gaming revenue (GGR) there plunged a whopping 87.8 percent last month due to...
article Macao casino coronavirus closures result in 87.8% decline in revenue
(Macau) -- Gross gaming revenue plunged 87.8 percent from a year ago in February in Macao, the Gaming Inspection and Coordination Bureau reported Sunday. The massive...

3/1/2020

article Macau gaming revenues fall 87.8% in February following casino closures
(Macau) -- Macau’s casino industry experienced an 87.8% decline in gaming revenue during February as the gaming market with grappled with travel restrictions and a...
article Macau GGR down 88pct in Feb amid casino shutdown: DICJ
(Macau) -- Macau casino gross gaming revenue (GGR) declined by 87.8 percent in February in year-on-year terms, negatively impacted by a 15-day shutdown ordered by the...
article Aristocrat donates 50,000 face masks to Macau community
(Macau) -- Aristocrat Technologies Macau Ltd – the Macau subsidiary of Australia-based Aristocrat Leisure Ltd – has donated a total of 50,000 protective face...

2/29/2020

article Macau Gaming Revenue Suffers Record Plunge From Virus Blow
(Macau) -- Casinos in Macau, the Chinese territory that’s the world’s biggest gambling hub, reported a record drop in gaming revenue, as they grappled with...

2/28/2020

article Macau Economy Shrinks by Most Since 2016 as Casino Revenue Falls
(Macau) -- Macau’s economy contracted by the most in almost four years in the fourth quarter, even before the coronavirus outbreak forced its casinos to shut down...
article Macro-economic pressures see Galaxy Entertainment Group revenues fall 8.4% in 4Q19
(Macau) -- Galaxy Entertainment Group (GEG) reported an 8.4% year-on-year decline in net revenue to HK$13.0 billion in the three months to 31 December 2019, although the...

2/27/2020

article Four more casinos open their doors as Macau entertainment venues given green light
(Macau) -- Sands Cotai Central, Rio Hotel and Casino, Oceanus and Casino Eastern have all re-opened this week, taking the total number of casinos in Macau to resume...

2/25/2020

article Casino workers mandated to wear health masks until March
(Macau) -- The Health Bureau has extended a measure mandating that all casino workers must wear health masks during working hours until March 22. The measure had...
article Macau GGR Terrible in February, Not Much Better Next Month
(Macau) -- Macau casinos reopened last week after being shuttered for 15 days due to the novel coronavirus outbreak, but analysts are forecasting epic declines in gross...

2/24/2020

article 33 Macau casinos now open but business anything but usual
(Macau) -- Nearly all Macau casinos have reopened their doors following the coronavirus-related shutdown, although no one expects things to be back to normal for many...
article Casino Investors Say 'No Dice' to Gambling Stocks With Macau Exposure
(Macau) -- Investors were walking away from casino operators that have exposure to Macau due to continued worries about the spread of the deadly coronavirus.

2/22/2020

article Coronavirus hit on casino stocks a buying opportunity
(Macau) -- One of the hardest hit by the coronavirus jitters is the lucrative casino and gaming industry of Macau, the only region in China with legalized gambling. The...
article Macau to be very quiet for quite a long time: Lawrence Ho
(Macau) -- Macau’s gaming industry is likely to take “quite a long time” to recover from the sharp contraction it is facing related to the novel...

2/21/2020

article Sands China names Grant Chum new COO, Wilfred Wong to retain role of President
(Macau) -- Sands China Ltd has signaled a changing of the guard within its executive leadership team after appointing Chief of Staff Grant Chum to the role of Chief...

2/20/2020

article Coronavirus: Macau casinos reopen to sparse crowds as punters hedge bets despite new health precautions
(Macau) -- Macau casinos were back in action on Thursday, though gaming floors were eerily quiet and largely empty, with the few gamblers on hand sitting far apart under...
article OP/ED: The life and death of a gaming concession
(Macau) -- A gaming concession, like anyone, has a life cycle. At its origin is a decision to legalize the operation of gaming, taken by a certain jurisdiction. Such...

2/19/2020

article 29 of Macau’s 41 casinos to reopen tonight
(Macau) -- Macau’s gaming industry will reopen its doors tonight after its 15-day shutdown by the government as part of the authorities’ fight against the...
article Gamblers missing as 29 Macau casinos reopen
(Macau) -- A large crowd of journalists huddled in front of the main casino entrance at the Grand Lisboa last night hoping to snap a photo of the first gamblers since an...
article Only masked punters: Macau casinos reopen after coronavirus suspension
(Macau) -- Casinos in Macau, the world’s biggest gambling hub, reopen on Thursday after being closed for two weeks because of the coronavirus epidemic, but all...
article Top stocks to play a potential casino comeback as Macao reopens
(Wall Street) -- Investors are spinning the wheel on casino stocks again. MGM Resorts, Las Vegas Sands and Wynn Resorts were all higher Wednesday as pressure tied to the...

2/18/2020

article Macao casinos set to reopen after being shuttered amid coronavirus outbreak
(Macau) -- Dozens of casinos in Macao, the world's biggest gambling hub, are expected to reopen on Thursday. Li Weinong, the secretary for economic affairs and...
article Macau casinos ‘phased reopening’ to match guest demand
(Macau) -- Macau casinos may have received permission to reopen to the public after the coronavirus scare, but the casinos don’t appear all that interested in...
article No more than half of Macau’s gaming tables allowed to operate, players limited to four per table once casinos re-open: Macau governmen
(Macau) -- Macau’s casino operators have been instructed to implement a series of new safety regulations and restrictions to their gaming floors upon re-opening...

2/17/2020

article Casinos permitted to apply for 30-day closure extension
(Macau) -- Macau casino operators have been told to reopen at the stroke of midnight Thursday unless they apply for a grace period considering themselves not ready to...
article Macau Casinos Set to Reopen Thursday After Virus Shutdown
(Macau) -- Casinos in the world’s biggest gambling hub were cleared to resume operations on Thursday, following an unprecedented closure for 15 days to curb the...
article Macau casinos to reopen on Friday, Chinese official says
(Macau) -- Macau casinos owned by Wynn Resorts Ltd., MGM Resorts International and Las Vegas Sands Corp. are set to reopen Friday after a 15-day closure imposed to help...

2/14/2020

article Macao gambled on a costly casino shutdown. It may emerge a winner from coronavirus.
(Macau) -- Visitors arriving in this gaudy Chinese gambling hub are hit with text messages promoting its draw cards: celebrity-chef-branded restaurants and dazzling...

2/13/2020

article Macau still “cautiously” evaluating resumption of casino industry
(Macau) -- The Macau SAR Government is staying non-committal on whether the city’s gaming industry will resume normal operations on 20 February. The Secretary for...
article The Coronavirus Is About to Wreck Macao's Casinos
(Macau) -- Macao is a ghost town. The only place where it's legal to gamble in China has been shut down for two weeks as government officials try to gain control of...

2/12/2020

article Diversify or Die: Coronavirus and Expanded Asian Market Competition Pose Threats to Macau Gaming
(Macau) -- As the mainland China coronavirus death toll continues to skyrocket past the 1,000-victims mark this week, Macau’s casinos have taken drastic measures to...
article Wynn, Las Vegas Sands Upgraded at B of A as Coronavirus Concern Abates
(Wall Street) -- Shares of Wynn Resorts and Las Vegas Sands are higher after the casino companies were upgraded by Bank of America analysts as concern about the impact...

2/11/2020

article Macau Casino Closure Scheme Faces Shortening Extension Odds
(Macau) -- On Feb. 4, Macau Chief Executive Ho Iat Seng announced the Special Administrative Region’s (SAR) gaming properties would be shuttered for 15 days to...

2/10/2020

article Coronavirus shutdown costing Macao’s gaming industry $100 million a day. Why are casinos OK with that?
(Macau) -- The A-Ma Temple is ordinarily the first stop in the morning for buses filled with Chinese tourists, who flock to the 500-year-old site to light incense and...
article Macau Gaming, Junket Operators Chip in $22.5 Million for Coronavirus Cure, Well Behind Gates’ $100 Million
(Macau) -- With the lifeblood of Macau’s economy shut off due to the new coronavirus, gaming and junket companies want a solution, and are donating nearly $22.5...
article Consumer Cos Up As Airlines, Casinos Stabilize After Virus Fears — Consumer Roundup
(Worldwide) -- Shares of retailers and other consumer companies rose on diminished fears about the coronavirus outbreak. Shares of some of the casino chains and airlines...

2/9/2020

article Ghost Town
(Macau) -- The closure for all casinos for at least half a month and the plunge in the visitation in view of the outbreak of the novel coronavirus will take a toll on...
article Macau Casinos Shuttered
(Macau) -- The Macau government’s decision last week to close the territory’s 41 casinos could hammer first quarter gaming revenues by 50 percent

2/8/2020

article Casinos Lose Millions and Ditch Deals as Virus Shuts Down Macau
(Macau) -- The lights of the Casino Lisboa, a landmark of Macau’s nighttime skyline, have gone dark. The SJM Holdings Ltd. casino turned them off on the first day...

2/7/2020

article Casino Operator Wynn Resorts Is Losing Up To $2.6 Million Per Day From Coronavirus Shutdown
(Macau) -- Wynn Resorts, which operates high-end hotels and casinos around the world, said in its latest earnings call that it was losing as much as $2.6 million per day...
article City of Dreams Macau offers hotel refunds up to Feb 29
(Macau) -- Two Macau casino resorts promoted by Melco Resorts and Entertainment Ltd – City of Dreams Macau and Studio City – have posted notices on their...
article More casino operators help coronavirus containment efforts
(Macau) -- Contributions from casino operators covering the Asian region, and especially Macau, continue to pour in. The latest, after Galaxy Entertainment and SJM...

2/6/2020

article Casinos Lose Millions and Ditch Deals as Virus Shuts Down Macau
(Macau) -- The lights of the Casino Lisboa, a landmark of Macau’s nighttime skyline, have gone dark. The SJM Holdings Ltd. casino turned them off on the first day...
article Coronavirus-stopping donations continue from the casino industry
(Macau) -- As the coronavirus continued to spread freely throughout China and began making its way to other parts of the world, several casino-related companies stepped...
article Wynn Macau says it is losing more than US$2 million a day amid casino closures
(Macau) -- Wynn Macau, one of Macau’s six gaming concessionaires, said the closure of the special administrative region’s casinos was costing it between US$2...

2/5/2020

article 2H recovery for Macau if contagion stopped: analysts
(Macau) -- Demand for Macau casino gambling could make a strong recovery in the second half of the year, provided China’s coronavirus outbreak can be controlled...
article As casinos close in Macau due to coronavirus, could there be an impact in Las Vegas?
(Las Vegas) -- Right now, casinos in Macau have shut down for two weeks because of the coronavirus outbreak. MGM Resorts, Las Vegas Sands Corp. and Wynn Resorts are...
article Casino 15-day suspension could lead to losses as high as US$1.5 bln
(Macau) -- Analysts consulted by Macau News Agency (MNA) estimate that the 15-day suspension of all casino operations in the city could lead to gaming revenues losses...
article Casino tycoon Stanley Ho’s son paid US$64 million for Hong Kong house days before coronavirus gathered pace
(Macau) -- Mario Ho Yau-kwan, the youngest son of billionaire casino tycoon Stanley Ho, has splashed out HK$500 million (US$64.4 million) on a house at one of Hong Kong...
article Macao requests casinos halt activity amid coronavirus outbreak, but experts say the pain is temporary
(Macau) -- The world’s most lucrative gambling destination will suspend casino operations, at the request of the government of Macao. The special administrative...
article Macau to suspend casino operations for 2 weeks to curb spread of coronavirus
(Macau) -- Macau isn’t taking its chances on the coronavirus. The world’s gambling capital has shut down casinos for two weeks to stop the deadly disease...
article Sands executive: Coronavirus could keep Macao casinos closed longer than 15 days
(Las Vegas) -- The 35,000 employees of Las Vegas Sands' six casinos in Macao are staying home following the closures ordered this week by the chief executive of the...
article Macao Casino Stocks Could Offer Profitable Short Sales
(Macau) -- Shares of U.S. casinos with Macao properties plummeted at the start of the coronavirus outbreak but have bounced off corrective lows in the past week, trying...

2/4/2020

article Coronavirus: Bad Luck Hits Macau Casinos With 15-Day Shutdown
(Macau) -- Casinos in the world’s richest gambling market were already down on their luck when city officials ordered them on Tuesday to close their doors at...
article Las Vegas resort operators close Macao casinos amid coronavirus threat
(Las Vegas) -- The three Las Vegas companies operating resorts in Macao say they'll comply with Chinese government orders to close their casinos -- while leaving...
article Macau Shuts Casinos Amid Coronavirus Outbreak, Hong Kong Reports First Death
(Macau) -- Hong Kong reported its first coronavirus-related death Tuesday, the second recorded outside mainland China, according to Reuters reports.
article The Wuhan virus has turned China’s gambling mecca of Macao into a ghost town
(Macau) -- There isn’t a single face exposed in the cavernous Galaxy casino. Everyone is wearing a mask, including the croupiers, waitresses and security guards...
article Casinos, factories close across Asia as coronavirus fears spread
(Asia) -- More businesses across Asia are suspending operations and an international aviation summit has been cancelled in an attempt to curb the spread of the new...
article Macau Casinos Are Closed for Two Weeks. Why Their Stocks Are Gaining.
(Macau) -- To curb the spread of China’s coronavirus, the Macau government has suspended all casino operations for 15 days. The closings took effect at midnight...

2/3/2020

article Carrie Lam says she told officials to not wear masks
(Macau) -- The Chief Executive Carrie Lam cheng Yuet-ngor said today that she and other government officials will stop wearing face masks, to help save supplies for...
article Ferry services between Macau and Hong Kong suspended
(Macau) -- Ferry services between Macau and Hong Kong have been suspended indefinitely in yet another dramatic measure aimed at limiting the spread of the Coronavirus....
article Gaming operators agree to arrange accommodation for non-residential workers
(Macau) -- Macau’s six gaming concessionaires have agreed to a request from the Macau SAR government to provide accommodation in Macau for employees living in...
article Half a month casino closure being considered
(Macau) -- Chief Executive Ho Iat Seng announced today that the government is considering to ask local casinos to suspend operations for two weeks as a measure to...
article Macau suspends gambling
(Macau) -- Macau chief executive Ho Iat Seng said today all gambling will be suspended for half a month and urged people "not to go outside." He said only...

2/2/2020

article Casino gamblers told to wear facemasks
(Macau) -- Macau’s casinos began requiring gamblers to wear facemasks on Saturday night, gaming industry sources have told The Macau Post Daily. The sources said...

2/1/2020

article China virus silences Macau's bustling casinos
(Macau) -- Macau is usually bustling with gamblers during China's Lunar New Year holiday but the flood of tourists has been reduced to a trickle this year as fears...
article Macau Casino Revenue Drops 11.3 Percent in Jan as Coronavirus Worries Mount
(Macau) -- Gambling revenue in the Chinese territory of Macau dropped 11.3 percent in January year-on-year, with the world's biggest casino hub a near ghost town...
article Number of licensed junket operators continues decrease
(Macau) -- The number of licensed VIP junket promoters has continued its decrease, with the number of operators licensed to conduct business in the Macau SAR in 2020...

1/31/2020

article A not so “Golden Week” as Macau visitor numbers fall 78.3% over Chinese New Year
(Macau) -- The Coronavirus ultimately painted a bleak picture for Macau’s gaming and tourism operators during the Golden Week Chinese New Year holiday, with...
article Macau’s US-listed operators could face US$2 billion hit to cash flow from Coronavirus
(Macau) -- Macau’s four US-listed casino operators – Las Vegas Sands, Wynn Resorts, MGM and Melco Resorts – could face a US$2 billion hit to their cash...
article Meg-Star Group donates MOP$10 million to support control of Coronavirus spread
(Macau) -- Meg-Star International Charity Association by Meg-Star Group has donated MOP$10 million towards the fight against the deadly Coronavirus.

1/30/2020

article Macau casinos strategize amid 80% traffic drop
(Macau) -- Macau traffic is down 80% to 90% based on different sources from the gambling mecca. The question of how much offset there is with operating costs came up on...

1/29/2020

article China virus turns Macau into gambling ghost town
(Macau) -- The Chinese territory of Macau has become a near-ghost town during what is typically the busiest time of year in the world’s biggest casino hub, after...
article Coronavirus is a 'wake-up call' for China, Macau casinos to embrace online gambling
(Macau) -- The coronavirus that started in Wuhan, China, has hit hard the Macau casino business during the peak holiday season of the Lunar New Year. That has led one...

1/28/2020

article Lunar New Year Visitors to Gambling Hub Macau Screened for Coronavirus
(Macau) -- Seven people in the world’s gambling capital of Macau had been infected with the deadly new coronavirus by Tuesday, casting uncertainty over what is...
article Macau border controls further tightened as China suspends Individual Visit Scheme for mainland visitors
(Macau) -- China has announced the temporary suspension of its Individual Visit Scheme (IVS), essentially halting all solo travel by mainland Chinese into Macau in the...
article Macau Coronavirus Cases up to 7, China, Hong Kong Limit Travel, Dealing Severe Blow to Gaming Companies
(Macau) -- Already reeling from the spread of the coronavirus, Macau and the gaming companies that dominate the Special Administrative Region’s (SAR) economy were...
article STUTZ: Stock prices for Sands, Wynn, MGM decline as Macau’s New Year totals diminish
(Wall Street) -- China’s efforts to protect its citizens from a deadly virus outbreak through travel bans and other containment efforts decimated the first weekend...

1/27/2020

article Casino Stocks Are Dropping as Gamblers Steer Clear of Macau
(Macau) -- Casino operators in Macau are taking a beating as fear of the coronavirus has caused a surge in trip cancellations to the casino hub. Just last week, Wall...
article Macau CNY tourism collapse amid coronavirus: analysts
(Macau) -- The tally of tourists visiting Macau fell 60.5 percent year-on-year in the first three days – i.e. Friday, January 24 to Sunday, January 26 – of...

1/26/2020

article Golden Week visitor numbers plummet 49.9% as confirmed cases of Coronavirus in Macau hits six
(Macau) -- The number of visitors arriving in Macau plummeted by 49.9% year-on-year on the first two days of Golden Week amid tightening travel restrictions aimed at...
article Macau Tourist Arrivals From China Plunge 80% in Blow for Casinos
(Macau) -- China’s deadly virus outbreak is threatening the outlook for casino operators in the world’s largest gambling hub. The number of mainland Chinese...

1/25/2020

article Will Macau Ever Overtake Vegas As The World’s Favourite Gambling Destination?
(Macau) -- When you think about traveling somewhere for a break that includes gambling, it doesn’t matter whether you are from the USA, in Europe or somewhere else...

1/23/2020

article All Macau casino workers ordered to wear masks
(Macau) -- Macau’s Health Bureau has ordered all casino workers to wear respiratory face masks while working. According to an announcement by Macau’s gaming...
article Gov’t says casinos could close if coronavirus situation gets worse
(Macau) -- The head of the Macau government said today that casinos may be forced to close if the contagion situation worsens in the city due to the Chinese coronavirus...
article Macau gov't says casinos may close if coronavirus outbreak worsens, gaming companies' shares fall
(Macau) -- Macau chief executive Ho Iat Seng said Thursday that casinos may be forced to close if the contagion situation worsens in the city due to the Chinese...

1/22/2020

article Macau casinos performing temperature tests at 452 public and staff entrances
(Macau) -- Macau’s casino operators are performing temperature tests at 405 guest entrances and 47 employee entrances as the government continues to enhance...
article Macau confirms virus case and orders casino staff to mask up
(Macau) -- Macau on Wednesday reported its first confirmed case of the new SARS-like coronavirus as authorities announced all staff in the city's bustling casinos...
article Analyst: Casino Sell-Offs 'Could Be An Overreaction' To Wuhan Coronavirus
(Macau) -- Macau casino stocks were hammered on Tuesday as investors worried fears over the deadly coronavirus in China would hurt Macau’s gaming revenue during...
article Macau casino profit seen to fall as Xi’s visit crimped arrivals
(Macau) -- Macau casino operators are expected to show quarterly profit declining about 2.5% when they start reporting results this month, according to analysts’...

1/21/2020

article Macau confirms first Wuhan virus case, tightens screening in casinos
(Macau) -- The Chinese-ruled gambling hub of Macau confirmed on Wednesday its first case of pneumonia linked to an outbreak of a newly identified coronavirus and...

1/20/2020

article Lawmaker wants data to support ‘radiation table’ safety claim
(Macau) -- A Macau lawmaker has insisted that data be presented to prove the claim that so-called “radiation tables” in casinos are safe for croupiers and...
article Macau Casino Bosses Remain Optimistic Despite Continued VIP Decline
(Macau) -- Macau casino executives aren’t overly concerned regarding the year ahead, as several expressed their opinions that 2020 will see gross gaming revenue (...
article Mass-market baccarat makes gains on VIP baccarat in Macau
(Macau) -- VIP baccarat has been losing market share to mass market baccarat at casinos in Macau, although in 2019 it still provided a higher gross revenue, according to...

1/19/2020

article Amid protests, China launches a long-shot campaign to make Macau a Hong Kong alternative
(Macau) -- The modern, nondescript black building that houses the Handover Gifts Museum of Macau is understated compared to its neighbors. The nearby Sands Casino, for...

1/17/2020

article Revenue from VIP gambling fell 19% in 2019, overtaken by mass segment
(Macau) -- Revenue from large-scale ‘VIP’ gambling in Macau last year totalled 135,2 billion patacas, down 18.6% from 2018, with the segment losing its...

1/16/2020

article Macau casino VIP gambling revenue down 23% in Q419
(Macau) -- Macau casinos continue to rely on their mass market gamblers to compensate for ongoing declines in VIP baccarat. Figures released Thursday by Macau’s...

1/13/2020

article How Important Is Macau’s VIP Gaming For Wynn Resorts?
(Wall Street) -- Shares of Wynn Resorts (NASDAQ: WYNN) have been volatile for most of 2019 primarily due to the company’s high exposure to the Macau Gaming Market...

1/12/2020

article MGM China flags bonus to staff, in two installments
(Macau) -- Macau casino operator MGM China Holdings Ltd announced on Monday that it would pay a “discretionary bonus” to eligible non-management employees....
article Study into Macau tourist tax feasibility shows industry groups strongly opposed
(Macau) -- A Feasibility Study into the possible introduction of a tourist tax for visitors to Macau has found strong opposition among industry groups, with around 80%...

1/10/2020

article Bernstein Projects Eight Percent Macau Gaming Revenue Jump as VIPs Return
(Macau) -- Bernstein analysts are forecasting an eight percent increase for Macau gross gaming revenue (GGR) this year with the familiar caveat that a return to higher...
article Kidnappings lose favor in Macau thanks to increased police efforts
(Macau) -- Loansharking in Macau has been a blight on the landscape of an otherwise relatively clean picture, with a number of the illegal loans ending in kidnapping...
article Macau approves first bond listing since Xi Jinping’s anniversary visit as China seeks to transform world’s biggest gambling hub
(Macau) -- An urban and infrastructure developer in Nanjing has become the first Chinese state-backed entity to list its securities on a Macau bond exchange, following...
article Online Casino Scam in China Used Wynn Macau Brand to Lure Investors
(Macau) -- The Wynn Macau brand, the Wynn Resorts operating arm in the Chinese Special Administrative Region for three integrated casino resorts, has allegedly been used...
article The people in favor of visitor tax
(Macau) -- The people of Macau are overwhelmingly in favor of a tax on tourists, a feasibility study conducted by the Macau Government Tourism Office has revealed. The...

1/9/2020

article Casino floor loan shark busts cut kidnaps: Macau police
(Macau) -- Three special squads of police working inside Macau casinos intercepted 59 cases of loan sharking on actual gaming floors during 2019. So said Sit Chong Meng...
article Fraud in name of Macau casino uncovered in Guizhou
(Macau) -- Mainland police have cracked down on a mainland online fraud group which committed crimes in the name of one of Macau’s casinos, according to reports by...
article Macau Casinos On High Alert After Fake Passports Get Picked Up
(Macau) -- The escalating tensions between the United States and Iran are posing significant challenges for the world at large and that includes the global casino...
article Suncity Group contributes to US$34 million loan advance for ongoing development of Vietnam IR Hoiana
(Macau) -- Suncity Group has announced details of a series of loan agreements that will see Gold Yield Enterprises Limited (GYE) – the majority owner of Vietnam...

1/7/2020

article Weike-Dynam games now at Macau’s Ponte 16 casino
(Macau) -- Hong Kong-listed Japanese pachinko operator Dynam Japan Holdings Co Ltd announced on Monday that 10 units of a casino video slot machine series it developed...

1/6/2020

article Macau Casinos to Install Body Scanners as Pneumonia Fears Grow
(Macau) -- Macau’s casinos are on heightened alert following an outbreak of viral pneumonia in Wuhan, the capital city of Hubei province in central China.
article Macau had above 640 casino smoking lounges by end 2019
(Macau) -- Macau’s Health Bureau says it gave permission during December for 11 new-style smoking lounges in the city’s gaming venues, according to an update...

1/5/2020

article Macau Casinos Ended 2019 in a Decline: Will 2020 Be Down, Too?
(Macau) -- Macau gambling revenue fell in 2019, marking the end to the Chinese peninsula's two-year recovery. A slowing economy, rising trade war tensions with the U...
article Secretary Lei Wai Nong ‘cautiously optimistic’ about Macau’s economy
(Macau) -- Last year’s 3.4% contraction in gross gaming revenue should not be overstated, according to Macau’s Secretary for Economy and Finance, Lei Wai...

1/4/2020

article Macau Mass Market Leads 2019 Casino Win, General Public Tops VIP Revenue
(Macau) -- The Macau mass market was responsible for more than half of all the money won by the enclave’s casinos in 2019, the demo finally besting the VIP segment...

1/3/2020

article Macau casinos told screen patrons on China viral outbreak
(Macau) -- The Macau authorities have alerted the city’s casino operators to take preventive measures – including body temperature checks of patrons –...
article Revenue at Macau casinos falls 3.4% in 2019
(Macau) -- Gross gaming and gambling revenues at Macau casinos in December recorded the biggest on year contraction in 2019, with a drop of 13.7% to 22.838 billion...

1/2/2020

article Casino revenue ends up with worst year since 2015
(Macau) -- Macau’s gaming revenue in December slipped for the third straight month, marking the worst annual decline since 2015 as the world’s largest...
article Macau Casinos’ Luck Could Change. Two Stocks That Would Win.
(Macau) -- Macau’s luck may change in 2020. Although gross gaming revenue plunged 13.7% in December from a year ago, the global casino hub could be poised for a...
article Casino workers demand civil servants-style benefits
(Macau) -- Hundreds casino workers took to the streets yesterday demanding more pay and better labor conditions, similar to those enjoyed by civil servants. The protest...
article Las Vegas Sands Is Leader of Pack of Macau Stocks, Says Analyst
(Macau) -- Sluggishness among VIP gamblers is one of the primary reasons cited for the 2019 dip in Macau gross gaming revenue (GGR), but if that trend lingers into 2020...

1/1/2020

article Macau casino revenue falls in December the most in almost 4 years
(Macau) -- Gambling revenue in the Chinese territory of Macau fell 13.7% in December from a year earlier, marking the steepest decline in close to four years. Overall...
article Macau Gaming Revenue Plunges to Wrap Up Worst Year Since 2015
(Macau) -- Macau gaming revenue slipped for the third straight month, marking the worst annual decline since 2015 as the world’s largest gambling hub struggled to...

12/31/2019

article Macau Casino Workers Pushing For Better Pay, More Vacation Time Schedule Thursday Demonstration
(Macau) -- The New Macau Gaming Staff Rights Association, a labor group representing workers at the peninsula’s casinos, is planning a Thursday, Jan. 2 march aimed...

12/30/2019

article Macau casino staff plan Jan 2 rally on pay, conditions
(Macau) -- A Macau gaming labour activist group plans a demonstration passing by the city’s downtown casino district on Thursday (January 2) to call for better pay...
article Macau VIP Revenue Likely to Dip Again in 2020, Mass Market Seen Steady, According to Analysts
(Macau) -- Gaming industry analysts are betting that VIP turnover as a percentage of Macau’s overall gross gaming revenue (GGR) will drop next year, marking the third...

12/28/2019

article Has President Xi finally set Macau on the path to shedding its reliance on casinos and becoming a financial hub?
(Macau) -- Tim Zhang, a 24-year-old Macau native, quit his job at the Chungwa (Macau) Financial Asset Exchange in July to study for a master's degree in finance at a...

12/27/2019

article Next Year Could be Better for Macau if China GDP Stays Above 6%
(Macau) -- Macau’s six concessionaires are ready for the calendar to turn to 2020 as this year has been a rough one on the peninsula due in part to fears that the...
article Off-duty casino workers no longer allowed in Macau casinos
(Macau) -- A Macau law that took effect Friday has made it illegal for casino workers to enter Macau casinos outside of their work hours. Added as an amendment to the...

12/26/2019

article Ban on off-duty employees entering casinos starts today
(Macau) -- The law amendment banning gaming industry employees from entering gaming floors when off-duty (Law 17/2018) will be enforced from today. The measure comes as...

12/24/2019

article Analysts: Xi's Praise of Loyal Macau Won’t Appeal to Hong Kong, Taiwan
(Macau) -- In his address to the 20th Handover Ceremony in Macau last Friday, Chinese President Xi Jinping seemingly committed a gaffe that appeared to reveal his...

12/22/2019

article Macau Is Ending 2019 on a Down Note
(Macau) -- 2019 hasn't exactly been a banner year for Macao casinos: The amount they've won fell by 2.4% overall through the first 11 months of the year. Revenue...

12/21/2019

article How China changed Macau, ‘the gambling capital of the world’
(Macau) -- Looking out over Macau’s Cotai Strip – the southern Chinese city’s equivalent of the Las Vegas Strip – it’s here, among the...
article Macau chooses China riches over democracy, unlike Hong Kong
(Macau) -- Macau has long provided Chinese leaders with a glimmering showcase for the virtues of obeying Beijing. The former Portuguese colony has marched on to become...

12/20/2019

article Businessman Thomas Cheung resigns as Hong Kong deputy to China’s legislature over casino debts
(Hong Kong) -- A Hong Kong deputy to China’s legislature has resigned after two casinos took him to court for debts amounting to more than US$1.9 million. Thomas...
article China won't allow foreign forces to interfere in HK, Macau, says Xi
(Macau) -- President Xi Jinping said on Friday China would never allow foreign forces to interfere with its special regions of Hong Kong and Macau, as he swore in a new...
article Macau's a Safe Bet — to Remain a Gambling Hub
(Macau) -- Macau has a great future ahead of it. As a gambling hub. Chinese President Xi Jinping’s call for the city to broaden its economy misses the point. Macau...
article China’s Leader Warns Against ‘External Forces’ in Macau and Hong Kong
(Hong Kong) -- China’s leader, Xi Jinping, praised the Chinese gambling hub of Macau on Friday for its patriotism and delivered a veiled rebuke to nearby Hong Kong...

12/19/2019

article As Macao marks 20 years under China’s rule, Xi’s visit to the casino hub is contrast to Hong Kong tensions
(Macau) -- Twenty years after its return to China, the former Portuguese colony of Macao is in lockdown this week for a visit from Chinese leader Xi Jinping designed to...
article BLOG: Grand Lisboa the only with two Michelin 3-starred Restaurants
(Macau) -- SJM’s Grand Lisboa continues to set records as Asia’s leading dining destination by earning recognition once again for Robuchon au Dôme, The 8 and...
article Macau Gaming Industry Responsible for 86 Percent of Enclave Government Tax Revenue
(Macau) -- The Macau gaming industry has delivered the local government MOP104.04 billion ($12.97 billion) this year through November, accounting for 86 percent of all...
article Macau Remittance Cap Likely to Rise: Gaming Stocks in Focus
(Macau) -- The People's Bank of China recently increased the daily limit on money transfer from Macau to Mainland China accounts to 80,000 yuan ($11,424) from 50,000...
article Xi Tells Macau to Crack Down on Actions That Harm China's Sovereignty
(Macau) -- President Xi Jinping said Macau must strictly enforce the law against anyone who tries to use the former Portuguese colony to undermine China, state...

12/18/2019

article A Tale of Two Former Colonies: Headstrong Hong Kong and Mild-Mannered Macau
(Macau) -- As demonstrations plunged Hong Kong into recession, Macau continued to boom as the world’s richest casino market. Both cities on China’s southern...
article China President Xi Jinping Arrives in Macau for Enclave 20th Anniversary
(Macau) -- China President Xi Jinping has arrived in Macau, the world’s richest gambling hub, to celebrate the Special Administrative Region’s (SAR) 20th...
article GameSource premieres in Macau with MGM deployment
(Macau) -- Macau’s GameSource officially went live on Tuesday with the deployment of eight machines and four handheld devices on the casino floor of MGM Macau....
article Macau Casino Revenue in December Pacing for Worst Month in 2019
(Macau) -- JP Morgan reports that through 15 days in December, gross gaming revenue (GGR) came in at an estimated MOP10.8 billion ($1.35 billion).
article Wynn on the rise as 20 Macau restaurants featured in Michelin Guide Hong Kong Macau 2020
(Macau) -- Three new Michelin stars, split between two restaurants, were the latest additions to Macau’s gastronomy ranking in the Michelin Guide Hong Kong Macau...
article Wynn, Las Vegas Sands and Other U.S. Casino Stocks Rise on Boost in Macau Remittance Limit
(Macau) -- Shares of U.S.-listed casinos with operations in Macau were climbing Wednesday after the People's Bank of China said it will raise the remittance limit on...

12/17/2019

article Las Vegas Sands, Wynn Resorts Projected to be Winners as Macau Rebounds in Second Half of 2020
(Macau) -- Investors looking to prepare for a possible rebound in Macau’s gross gaming revenue (GGR) in the back half of 2020 can do some early shopping by...
article Macau casino sector adds Michelin stars
(Macau) -- Sichuan Moon, a Chinese-cuisine restaurant at Macau casino resort Wynn Palace, has leapt straight to two Michelin stars in the 2020 edition of the “...
article Macau gaming demand to pick up after Xi visit: analysts
(Macau) -- December is on track to be the weakest month of 2019 in terms of year-on-year performance of Macau’s casino gross gaming revenue (GGR) according to...
article Asia's casino capital: Macau in 5 points
(Macau) -- The former Portuguese colony of Macau on Friday marks the 20th anniversary of its return to Chinese rule under the "one country, two systems"...
article Can Beijing’s golden child be more than the world’s casino capital?
(Macau) -- Macau-born graphic designer Cheang Chi-wai remembers starting high school after the Portuguese colony was returned to China on December 20, 1999.

12/16/2019

article Macau casinos feel the pain of Chinese presidential visit
(Macau) -- Macau is getting a bit of good news and a bit of bad news surrounding an upcoming visit by Chinese President Xi Jinping. The December 18 to 20 visit is...
article Macau visitation remains soft
(Macau) -- Macau visitation remains soft and there is no stimulant for strong growth in the first half of next year, GGRAsia quoted Macau Government Tourism Office...
article Macau’s new Taipa light rail line welcomes almost 69,000 passengers on first three days of operation
(Macau) -- The operators of the Macau Light Rapid Transit (MLRT) system have revealed that its new Taipa line carried almost 69,000 passengers during its first three...

12/15/2019

article Beijing goodies limited near-term benefit to Macau: CS
(Macau) -- The expected announcement of new policies from China’s central government aimed at diversifying Macau’s gaming-reliant economy are likely to be of...
article Setback for diversification as casino influence grows
(Macau) -- Gaming and junket activities accounted for over half of Macau’s industrial structure last year, in yet another setback in the city’s goal of...

12/14/2019

article Hongkonger ‘missing’ after crossing Chinese checkpoint on mega bridge to Macau
(Macau) -- Hong Kong’s immigration department said Sunday they have received reports a man went missing on a cross-border mega bridge to the gambling hub of Macau...
article Macau: lessons for Hong Kong from Beijing’s ‘good student’
(Macau) -- Just across the Pearl River from Hong Kong sits what the Chinese Communist party believes is a model for ending the crisis in Asia’s main financial hub...

12/13/2019

article Beijing to Transform Macau into Financial Hub as Hong Kong Falls Out of Favor
(Macau) -- Macau casino stocks jumped Thursday on the news that Chinese President Xi Jinping is expected to announce policies to diversify the economy of the special...
article Macau high-yield on a roll
(Hong Kong) -- Wynn Macau took 2019’s tally of high-yield bonds from Asia’s biggest gaming market to a record US$5.1bn last week, becoming the latest casino...

12/12/2019

article Macau’s gaming revenue poised to fall by 3% in 2019, first decline since 2016
(Macau) -- Analysts predict a mild improvement of 3% in 2020 on easy comparisons with this year’s low levels. One of the biggest blows was the absence of VIP...
article No face tech decreed re casino staff downtime ban: Macau
(Macau) -- Macau’s gaming regulator says it has currently “no intention” to issue guidelines requesting casino operators to use facial recognition...

12/10/2019

article Macau casinos face biggest threat to growth in five years
(Macau) -- Two decades after Macau returned to Chinese rule, a shift that catalyzed its emergence as the world’s biggest gambling hub, casinos are facing serious...
article Careful Macau, Chinese finger fighting worsens
(Macau) -- Impeachment in the West, elections and protests in Europe, attempts at revolution in the East. The world looks like a giant chaotic playground run by 12 year...
article Macau casinos under threat as S-E Asia lures high-rollers
(Macau) -- Casinos in Macau, the world's biggest gambling hub, are poised for the first decline in annual gaming revenue since 2016 and next year may not be much...

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