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Macau casino revenue drops 0.4% for March to MOP25bn

After making back ground in February following a slow start to the year, the Macau casino industry has seen its monthly gross gaming revenue (GGR) drop 0.4% year-on-year for March to MOP25.8bn ($3.19bn).

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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...

6/10/2019

article Macau gaming volume tipped to improve after slow start to June
(Macau) -- Macau’s gaming revenue for the first nine days of June came in at around MOP$6.65 billion, or MOP$738 million per day, according to brokerage Sanford C...

6/9/2019

article Mass Movement: Macau Casino Metamorphosis Marches On
(Macau) -- Instead of worrying, appreciate Macau’s unprecedented mass gaming led recovery likely unfolding over the rest of this year. The global casino capital...

6/7/2019

article Analysts see long-term opportunity in undervalued Macau stock prices
(Macau) -- Macau gaming stocks are currently undervalued and represent a prime long-term opportunity for investors, according to various research notes issued this week...

6/5/2019

article Macau Thinking Of Establishing Equities Market To Shift Away From Gambling
(Macau) -- In an effort to move away from gambling and to diversify its sources of income, Macau is reportedly now considering launching its own stock exchange. The...

6/3/2019

article Suncity’s Alvin Chau named new Summit Ascent Chairman
(Macau) -- Summit Ascent Holdings has announced Suncity Group boss Alvin Chau as its new Chairman of the Board.

6/1/2019

article Macau casino revenue hits 5-month high in May
(Macau) -- Gambling revenue in the Chinese territory of Macau hit a five-month high in May, although softer demand from high rollers amid a slowdown in the world's...
article Macau gaming returns to modest growth in May
(Macau) -- Macau casinos returned to growth in May, yet the modest revenue gain is a sign that the world’s largest gaming hub still faces headwinds from regional...

5/31/2019

article Macau Gaming Returns to Growth, Yet Casinos Still Face Hurdles
(Macau) -- Macau casinos returned to growth in May, yet the modest revenue gain is a sign that the world’s largest gaming hub still faces headwinds from regional...

5/30/2019

article Macau tourism committee starts to doubt tourist tax idea
(Macau) -- Macau seemed to be pretty set on the idea of establishing a tourist tax when they surveyed their people about how proceeds from it should be spent. We’...
article Robbers Armed With Pepper Spray Take Macau Casino For HK$3 Million
(Macau) -- Two men robbed a Macau casino last week with pepper spray and made out with HK$3 million ($382,000) in chips.

5/29/2019

article Casino operators that play cards right will win from Beijing’s push to make Macau a family-friendly destination
(Macau) -- Macau’s casino operators have pledged billions of dollars to develop non-gaming attractions in a bid to secure new licences, but analysts predict only...
article Macau casinos join art initiative to broaden entertainment options
(Macau) -- Bringing more tourists into Macau isn’t just about giving them more gambling options; it’s increasingly important to offer them a variety of...

5/28/2019

article Gaming revenue sees Macau government push ahead of 2019 budget through April
(Macau) -- The amount of revenue gained by the government from Macau’s six gaming concessionaires is tracking ahead of budget through the first four months of the...
article Macau’s unemployment rate now just 1.7% as gaming workers on the rise
(Macau) -- Macau’s labor force continues to be stretched to the limits with the unemployment rate for the three months from February to April 2019 down by 0.2...
article Sands China, Galaxy sign on for Macau’s pension plan
(Macau) -- Macau implemented a new pension plan available for all employees across the city in January 2918. Dubbed the “Non-Mandatory Central Provident Fund...

5/26/2019

article In-house resident show plans for MGM Cotai scrapped: Bowie
(Macau) -- Macau casino operator MGM China Holdings Ltd has dropped the idea of having an in-house resident show at its casino resort MGM Cotai. Instead, the firm plans...

5/25/2019

article Suspects arrested less than 24 hours after US$395,000 Macau casino robbery
(Macau) -- Four suspected robbers who gambled on being able to steal HK$3.1 million (US$395,000) from a Macau casino and get away with it were arrested less than 24...

5/23/2019

article MGTO hoping for input into Macau gaming license re-tender process
(Macau) -- The head of the Macao Government Tourism Office (MGTO), Maria Helena de Senna Fernandes, says she wants the department to be involved in establishing the...
article Two pepper-sprayed as Macau casino robbers net HK$3 million in chips at Four Seasons Hotel
(Macau) -- Two robbers made off with HK$3 million in gaming chips from a Macau casino after using pepper spray to attack a croupier and a security guard before daybreak...
article Morpheus gains yet more honours for Melco
(Macau) -- Casino gaming and entertainment owner and operator Melco Resorts and Entertainment has seen its Morpheus structure gain yet more accolades. The $1.1bn project...
article Suncity wants in on Macau’s gambling scene
(Macau) -- Macau’s casino scene hasn’t gotten off to a great start this year, with gross gaming revenue (GGR) down compared to the same period last year. The...

5/22/2019

article G2E Asia ‘committed’ to partnership with Macau regulator
(Macau) -- The organisers of the Global Gaming Expo (G2E) Asia trade show in Macau say they “remain committed” to “working closely” with the...
article Macau consortium could be preferred for new licence: panel
(Macau) -- A consortium of Macau-based companies could be favoured by local authorities at the time of a tender for fresh gaming rights, suggested on Thursday a panel of...
article Macau hotel draft law to promote product quality: MGTO
(Macau) -- A government-backed bill proposing to revise the regulatory framework for hotel accommodation in Macau aims to raise the overall quality of hospitality...
article Macau Legend eying Laos, Cambodia, Vietnam expansion
(Macau) -- Asian casino operator Macau Legend Development Ltd is looking to expand its current portfolio further into Laos and potentially through Cambodia and Vietnam,...
article Macau tourist tax not the solution to over-tourism problem: scholar
(Macau) -- A tourist tax being proposed by the Macao Government Tourism Office is the wrong path to take in combatting “over-tourism” to the Macau, according...
article Suncity Group signs on as title sponsor of Macau Grand Prix
(Macau) -- Suncity Group, an investor in VIP gaming in Macau, will be title sponsor of the Macau Grand Prix for the sixth year in a row, the organisers of the motor...

5/21/2019

article Macau Legend eyes SE Asia expansion
(Macau) -- Macau-based casino operator Macau Legend is eyeing further expansion in Laos and is interested in projects in Cambodia and Vietnam as tourism traffic to...
article Macau Legend eying Laos, Cambodia, Vietnam expansion
(Macau) -- Asian casino operator Macau Legend Development Ltd is looking to expand its current portfolio further into Laos and potentially through Cambodia and Vietnam,...
article SJM’s Cotai project to be delayed and to face slow ramp-up – Brokerage
(Macau) -- Brokerage Sanford C. Bernstein estimated in a note on Thursday that SJM Holdings’ Cotai project the Grand Lisboa Palace will not open in late 2019,...
article US$65bln pipeline to lead to Asian casino glut: Union Gaming
(Macau) -- The rate of economic growth in Asia fails to justify a proposed US$65-billion development pipeline for new casinos, according to Union Gaming Securities Asia...
article Macau govt launches survey on tourist tax
(Macau) -- The Macao Government Tourism Office (MGTO) has launched a survey on the potential introduction of a tourist tax to the city. The public opinion poll includes...
article Avoiding over-tourism and adding non-gaming attraction priorities for local market – Daisy Ho
(Macau) -- The Chairman and Executive Director, SJM Holdings Limited, Daisy Ho, stated today at the opening of this year’s G2E Asia what she considered to be the...

5/20/2019

article Daisy Ho dismisses analyst concerns over Grand Lisboa Palace launch and SJM performance
(Macau) -- “Whatever the analysts say is what the analysts say,” was Daisy Ho’s response when quizzed about the launch date for SJM’s HK$36...
article Macau should go upmarket in sourcing tourists: Daisy Ho
(Macau) -- Macau needs to move upmarket and increase the length of stay of visitors, said Daisy Ho Chiu Fung (pictured), chairman and executive director of Macau casino...
article Paradise Ent says DICJ approval for its own slot link games
(Macau) -- Hong Kong-listed Paradise Entertainment Ltd, which makes casino game equipment under the brand LT Game, says it has been granted approval by the Macau gaming...

5/19/2019

article Murder on Cotai Strip not gambling related – Police
(Macau) -- The Judiciary Police (PJ) indicated to MNA “that there are no indications so far” that the stabbing incident and murder that took place at the...

5/16/2019

article May revenue predictions for Macau are all over the map
(Macau) -- We’re already halfway into May, but the final picture of how Macau’s gaming revenue will shape up still isn’t very clear. Some analysts...

5/14/2019

article Sands China to follow up The Parisian and The Venetian with The Londoner as part of US$2.2 billion Macau expansion plan
(Macau) -- Sands China last week unveiled plans to upgrade the 1,200-room Holiday Inn at Sands Cotai Central in Macau, rebranding it as The Londoner, a destination...

5/13/2019

article Gaming industry parties the night away at second Macau After Dark (MAD) industry networking event
(Macau) -- The second Macau After Dark (MAD) industry networking social event proved to be another roaring success with around 130 guests coming together in Macau on...
article Macau Official Says Enclave Government Considering New Gaming Licenses
(Macau) -- The Macau government is considering issuing new gaming concessions through a public tender process that could expand the number of casino operators throughout...
article MGM Cotai finally receives approval for smoking lounges
(Macau) -- In 2017, Macau decided to upgrade its casino smoking policies, restricting the activity to only certain locations. VIP rooms were still authorized for smoking...
article Casino license public tender groundwork being prepared in Macau
(Macau) -- The Economy and Finance Secretary for Macau, Lionel Leong Vai Tac (pictured), has reportedly revealed that local officials are currently preparing the...
article Macau casino licenses: Government remains a closed book
(Macau) -- Macau's current laws state casino concessions are offered maximum 20-year terms, with the possibility of a five-year renewal if approved by the city....

5/10/2019

article MGM Cotai granted official approval for its new-style smoking lounges
(Las Vegas) -- In Macau, the giant MGM Cotai integrated casino resort from MGM China Holdings Limited has reportedly become the latest gambling venue to have had its new...

5/9/2019

article Lawrence Ho says Golden Week volume Melco’s best in five years
(Macau) -- Melco Resorts and Entertainment Chairman and CEO Lawrence Ho says he expects the company to post significantly improved results in 2Q19, describing the recent...
article Sands China reveals gaming and non-gaming features of The Londoner Macao
(Macau) -- Sands China’s transformation of Sands Cotai Central into The Londoner Macao will see the properties main façade recreate the architecture of the Houses...
article South Shore’s Walt Power denies being “removed” from THE 13
(Macau) -- Walt Power, non-executive director and former CEO of South Shore Holdings, owner of THE 13 Hotel in Macau, has moved to deny recent media reports concerning...

5/7/2019

article 3 arrested in Macau after death of gambler
(Macau) -- Macau has done a lot to try to clean up the city and remove illegal loan sharks. However, to think that the activity will be completely eliminated is naïve...
article Morgan Stanley expects VIP revenue in Macau to recover in Q3
(Macau) -- The drop in gross gaming revenue (GGR) in Macau is nothing more than a temporary glitch that doesn’t have local authorities concerned. It should correct...

5/6/2019

article Melco Chairman and CEO Mr. Lawrence Ho attends the 2nd Belt and Road Forum for International Cooperation in Beijing, China
(China) -- Melco Group strongly supports the Chinese Central Government’s Belt and Road Initiative (BRI) to enhance global trade and regional connectivity. The...

5/5/2019

article Macau VIP to recover in third quarter, says Morgan Stanley
(Macau) -- Banking group Morgan Stanley anticipates a recovery in Macau VIP betting revenue in the third quarter of this year. Morgan Stanley Asia Ltd added in its...

5/2/2019

article U.S. Investment Vehicle in Macau Casino Resort Files for Bankruptcy
(Macau) -- A Silver Point Capital L.P.-backed investment vehicle created to fund an expansion of the Studio City resort and casino in Macau has filed for bankruptcy...

5/1/2019

article Casino mogul Stanley Ho to retire
(Macau) -- Macau casino entrepreneur Stanley Ho is set to officially step down from his role as Chairman of Sociedade de Turismo e Diversoes de Macau (STDM). The 97-year...

4/30/2019

article Macau Casino Revenue Falls Most in Three Years as Economy Bites
(Macau) -- Macau casino revenue fell the most in almost three years as China’s sluggish economy continued its chilling effect on high-end customers. Analysts,...
article SJM Holdings 1Q profit up 17pct on mass GGR
(Macau) -- Profit at Macau casino operator SJM Holdings Ltd increased 16.5 percent year-on-year in the first quarter of 2019, according to unaudited highlights of the...

4/29/2019

article Macau Legend maintains grand plans for Macau Fisherman’s Wharf despite slower than anticipated growth
(Macau) -- Macau IR operator Macau Legend says it remains committed to the ongoing development of the Macau Fisherman’s Wharf (MFW) precinct, despite declaring a...

4/28/2019

article Learning from downtown Las Vegas
(Macau) -- What is happening with gaming on the Peninsula mirrors what happened several decades ago in downtown Las Vegas. There are differences between the two places...
article Sands China to be mass-market leader in next 5 yrs: Berstein
(Macau) -- Macau-based casino operator Sands China Ltd will likely remain as the “largest operator” in the city’s mass-market segment and a “non-...

4/27/2019

article The satellites of Macau
(Macau) -- On 2nd April, 2008, Ho Hau-wah, then Chief Executive of the Macau SAR, put a halt to new casino concessions in the foreseeable future. The Macau Government...

4/26/2019

article The Next Big Asian Sovereign Wealth Fund Might be in Macau
(Macau) -- Sovereign wealth fund observers, which includes money managers, will soon have a new fund to watch. Macau’s government is organizing a development and...

4/25/2019

article Chief Executive Election | Distance from casino firms a plus for Beijing
(Macau) -- Macau’s only declared candidate for Chief Executive might be viewed favorably by Beijing because of a lack of direct links with the city’s...

4/24/2019

article BLOG: The Rise of Casinos in Macau
(Macau) -- Macau is today the main destination for gamblers from Asia, with a healthy flux of tourists from other continents as well. The Chinese city acts as a magnet...

4/23/2019

article April Macau GGR dip likely, despite Easter uptick: analysts
(Macau) -- The average daily rate of Macau casino gross gaming revenue (GGR) for the third week of April improved compared to earlier in the month to MOP800 million (US$...
article China’s top legislative body accepts resignation of Macau deputy Ho Iat-seng, paving way for him to become casino hub’s next leader
(Macau) -- China’s top legislative body unanimously approved the resignation of Macau deputy Ho Iat-seng on Tuesday, in a move commentators said indicated Beijing...

4/22/2019

article Macau gaming tax revenue up 6pct in 1Q
(Macau) -- The Macau authorities collected more than MOP29.64 billion (US$3.67 billion) in revenue from the gaming industry in the first three months of 2019. Data...
article Macau VIP to continue weak as mass builds: observers
(Macau) -- Macau’s mass-market casino play, which accounted for half of the city’s first-quarter gross gaming revenue (GGR) – a record high since...

4/19/2019

article Public tender for future Macau casino licenses gaining traction
(Macau) -- The most senior legislator in Macau has reportedly announced that there is no need for his fellow lawmakers to delay the launch of a new public tender...

4/18/2019

article Beijing nods Hengqin’s tourism island proposal
(Macau) -- The details in a proposal to develop Hengqin as a tourism island, and so complement neighbouring Macau’s tourism effort, have been approved by China...
article No need to delay gaming licences tender: Macau govt
(Macau) -- Macau’s Chief Executive, Fernando Chui Sai On (pictured), says there is no need to delay the launch of a fresh public tender process for gaming rights...
article Macau lessons in Singapore casino biz revamp: experts
(Macau) -- Singapore’s thinking in extending the duopoly of its casino industry and that city-state’s decision to have incremental increases in its two-tier...

4/16/2019

article Casinos can implement artificial intelligence to comply with casino entry ban – Expert
(Macau) -- The Director of Gaming Teaching and Research Centre in the Macau Polytechnic Institute (MPI), Wang Changbin, told MNA in an interview that facial recognition...
article Macau mass GGR takes lead in 1Q19, VIP down 13pct
(Macau) -- VIP baccarat was a drag on Macau’s casino gross gaming revenue (GGR) performance in the first three months of 2019, falling 13.4 percent from the prior-...

4/15/2019

article “Lucky Macau” not enough to beat 1Q19 EBITDA slide: JP Morgan
(Macau) -- Macau’s casino operators will endure their first quarterly EBITDA fall in three years when 1Q19 results are revealed over the coming weeks, according to...

4/11/2019

article OP/ED: What is going on in Macau these days?
(Macau) -- In March, casino revenue in Macau fell 0.4 percent to $3.2 billion; in February revenue was up 4.4 percent and in January down 5 percent. VIP win was down 10...

4/9/2019

article Macau High-Rollers Fixated on Room Size, While American Gamblers More Dazzled by Luxury Hotel Amenities
(Macau) -- The size of hotel rooms tends to matter to especially VIP guests at Macau resort casinos, but may be less important to gamblers on the Las Vegas Strip, where...

4/8/2019

article Casino veterans Murray, McCamley tie consultancy effort
(Macau) -- Two casino industry consultancies respectively led by people that have had casino management experience at senior level in Asia, are to pool resources to...

4/7/2019

article MoU with casino op for gaming at 13 Hotel still valid: firm
(Macau) -- South Shore Holdings Ltd says a memorandum of understanding with an “affiliate” of a licensed Macau casino operator in relation to the management...

4/5/2019

article South Shore Holdings says it has made no moves to launch gaming at THE 13
(Macau) -- South Shore Holdings, owner and operator of luxury Macau hotel THE 13, has confirmed that no formal agreement is currently in place with any of the SAR’...

4/4/2019

article Macau industry market cap to double by 2022: MS
(Macau) -- Analysts at Morgan Stanely expressed optimism for Macau’s gaming industry over the medium term, with expectations of a market cap doubling by end-2022,...
article MGM Cotai still awaits govt nod on new smoking lounges
(Macau) -- Macau casino resort MGM Cotai, promoted and run by MGM China Holdings Ltd, was – as of March-end – still awaiting approval from the Macau...

4/3/2019

article Bernstein upbeat on Hengqin’s potential to help Macau thrive
(Macau) -- Sanford C. Bernstein LLC says it expects further development of the mainland Chinese island of Hengqin to help build Macau’s long-term potential. In a...

4/2/2019

article Macau casino revenue down 0.4 percent year-on-year in March
(Macau) -- Gambling revenue in the Chinese territory of Macau dipped 0.4 percent in March year-on-year, as slowing economic growth and the Sino-US trade war turned off...

4/1/2019

article Casino Stocks Hit the Jackpot on March Macau Gaming Numbers
(Macau) -- Revenue from Macau's gambling region in March was in-line with analysts' expectations, sending American casino plays with exposure to the region...
article Macau casino revenue drops 0.4% for March to MOP25bn
(Macau) -- After making back ground in February following a slow start to the year, the Macau casino industry has seen its monthly gross gaming revenue (GGR) drop 0.4%...
article Macau Gambling Revenues Dip in March: What's Next for Industry?
(Macau) -- Macau, the world's largest gambling hub, witnessed a decline in Gross Gaming Revenue (GGR) in March. Notably, this was the second decline in the last...
article Travel tips for city trip in Macau Casino in China, view
(Macau) -- Air, land or water? Many roads lead to Macau, the Las Vegas of Asia, like the Chinese city-state is known. In the case of a city trip, the key factor is the...

3/31/2019

article Another deadline missed for The 13 Hotel
(Macau) -- A March 31 deadline for the opening of a casino at the “world’s most luxurious hotel” has come and gone with still no news and no revised...
article Dynam and Weike pachinko theme slot certified for Macau
(Macau) -- A casino slot game product containing “pachinko elements” and using software from Dynam Japan Holdings Co Ltd, with hardware from Singapore-based...
article The 13 Macau Future Remains in Limbo, Casino Operations Further Postponed
(Macau) -- The 13 in Macau’s Coloane Village announced this week that the commencement of gaming operations are once again being postponed.
article Suncity Group’s big diversification gamble
(Macau) -- First established in 2007 amid Macau’s casino boom, Suncity Group rose to become the former Portuguese colony’s largest junket business, operating...
article Suncity widens loss despite revenue increase in 2018
(Macau) -- Suncity Group saw its loss for the year increase six-fold year-on-year to RMB1.5 billion (US$223.6 million), due mainly to the change in fair value of...

3/28/2019

article Facial recognition can up casino security: Macau police
(Macau) -- Cameras equipped with facial recognition technology would help deter criminal activity in the vicinity of Macau’s casinos, said on Wednesday a representative...
article March slowdown projecting poor first quarter
(Macau) -- A slowdown in VIP casino activity over the second half of March is expected to dampen full-month gaming revenues when the results are released on Monday.
article Uncertainty remains on casino at The 13 Hotel: promoter
(Macau) -- The 13 Hotel, a property on the border between the Cotai and Coloane districts in Macau, will not be opening a casino by the March 31 date previously...

3/27/2019

article Melco CEO Ho upbeat on firm’s 2019 casino biz, GGR
(Macau) -- The chairman and chief executive of Asian casino developer Melco Resorts and Entertainment Ltd, Lawrence Ho Yau Lung (pictured), said on Wednesday that he was...
article To Comply With The Regulations Aristocrat Forms A New LLC – Aristocrat Technologies Macau Ltd.
(Australia) -- Australian slot machine maker Aristocrat Leisure Ltd has now created a new limited liability company to take care of its operations in Macau, the global...

3/26/2019

article Gaming Industry Outlook: Macau Volatility Continues to Hurt
(Macau) -- The Zacks Gaming industry includes companies, which primarily own and operate integrated casino, hotel, and entertainment resorts. Some of the companies in...

3/25/2019

article Super typhoon a risk for Macau in 2019: weather bureau
(Macau) -- Macau’s weather forecasting service has warned that another “super typhoon” could impact the city this year. The Macao Meteorological and...

3/23/2019

article China Economic Stimulus Stirs Macau Optimism, But White Collar Slowdown Looms
(Macau) -- China’s moves to stimulate its economy have renewed optimism about Macau gaming revenue in some quarters. Beijing’s decision to make tax cuts and...

3/22/2019

article CNY pushes February arrivals to Macau up 15.5pct
(Macau) -- The number of visitor arrivals to Macau during February rose by 15.5 percent year-on-year according to data released on Friday by the city’s Statistics...
article Credit play 60pct of biz at big Macau junkets: research
(Macau) -- Play via credit represents between 50 percent and 60 percent of VIP gambling business in the Macau market for several of the major junket brands, versus...
article Macau casino attack drill to be held annually: DICJ
(Macau) -- A simulation drill to gauge local readiness for any emergency such as an armed attack will be held every year in a Macau casino resort. That is according to a...

3/21/2019

article Assembly debate on Macau tourism volume rejected
(Macau) -- A proposal from a pro-democratic member of Macau’s Legislative Assembly, who wanted a legislator debate on what he termed the “negative impact...
article Suen, LVS complete deal to end battle over Macau licence
(Macau) -- Chinese businessman Richard Suen and United States-based casino operator Las Vegas Sands Corp (LVS) have officially completed a settlement – for an...

3/19/2019

article Venetian Macao to host security drill this Friday
(Macau) -- Macau’s law enforcement bodies will coordinate alongside the Venetian Macao this Friday to undertake the annual “Wolf Hunt” security...
article The Parisian Macao named host venue for 2019 G2E Asia Awards
(Macau) -- The G2E Asia Awards will be held in the Parisian Macao Ballroom. Award winners will be announced at the 2019 G2E Asia Awards gala dinner. The American Gaming...

3/16/2019

article Casino employees gang steals MOP2.5 mln worth of gaming chips
(Macau) -- Ten current and former casino employees organised in a gang stole at least MOP2.5 mln worth in casino gaming chips the Judiciary Police announced on Friday

3/15/2019

article COHEN: Macau Casino Extensions Leave Big Questions Unanswered
(Macau) -- Macau has finally taken a first step toward acting responsibly on gaming concession expirations, though the major items concerning expiration remain...
article Macau government extends MGM Resorts license to 2022
(Macau) -- MGM Resorts International has been authorized to continue operating casinos in the Chinese gambling enclave of Macau. The company says the Macau government...
press release Melco’s Morpheus wins 2019 Building of the Year Award
(Macau) -- Melco Resorts & Entertainment Limited is excited to announce Morpheus as winner of 2019 Building of the Year Awards, Hospitality Architecture Category....
article MGM China and SJM Holdings extend Macau casino licenses
(Macau) -- Macau has extended casino licenses for operators MGM China and SJM Holdings until 2022. Their current licenses were set to expire in 2020 but the Macau...
article Macau Casino Designed By the Late Lagerfeld is Still Going Ahead
(Macau) -- We were all deeply saddened upon hearing about Karl Lagerfeld’s passing, but it seems his legacy will live on. Not only at the many fashion houses that the...

3/14/2019

article Macau casino licences for MGM China, SJM extended to 2022
(Hong Kong) -- Macau, the world’s largest gambling hub, has extended casino licences for MGM China and SJM Holdings until 2022, bringing them on par with other...
article Macau extends gambling licenses for SJM and MGM China until 2022 to synchronise expiry date of all six casino concessions
(Macau) -- Macau’s government has extended the gambling licenses of SJM Holdings and MGM China Holdings by two years, putting them on equal footing with four other...

3/13/2019

article Gov't adviser presents 'guide' to understand the end of casino (sub)concessions
(Macau) -- At a time when several voices are complaining about the government’s lack of information about what it intends to do with the end of the casino...
article Macau reports lowest gambling problem numbers ever
(Macau) -- In a city that is specialized towards casino entertainment, a close eye has to be kept on problem gambling amongst the citizenry. Pleasantly for Macau, 2018...

3/12/2019

article Gov't adviser presents 'guide' to understand the end of casino (sub)concessions
(Macau) -- It is not an official document, but the research paper authored by Legal Adviser for Economy and Finance on gaming and gaming-related matters will be read...

3/11/2019

article Exciting time in Macao as it turns 20
(Macau) -- Holidaymakers should take note, that this year the Macao Special Administrative Region (SAR) will be celebrating its 20th anniversary, and there will be a...
article No plan to invest further in Hengqin mall: Macau Legend
(Macau) -- Hong Kong-listed Macau Legend Development Ltd says it has “no plans at the moment” to invest further in a shopping complex on Hengqin island (...
article Portuguese legacy was crucial for Macau to become world's gaming capital - Experts
(Macau) -- “Portugal has strongly influenced the socio-cultural, economic and legal system of the city,” according to the Macau Polytechnic Institute (IPM)...

3/10/2019

article All Six Macau Casino Operators Increase Employee Wages in 2019
(Macau) -- The six Macau casino licensees in the enclave have all increased wages for employees following the region’s second consecutive year of growth.
article The house always wins? Macau casinos boom amid trade war jitters
(Macau) -- The trade war may have sent ripples of uncertainty through the world’s second-largest economy but one corner of China has so far remained steadfastly...

3/9/2019

article Gaming wages in Macau outpaced inflation through December
(Macau) -- Gaming employees in Macau were able to pull ahead of inflation in 2018, according to a survey conducted by the city’s Statistics and Census Service (SCS...
article The house always wins? Few trade war jitters as Macau's casinos boom
(Macau) -- The trade war may have sent ripples of uncertainty through the world's second-largest economy but one corner of China has so far remained steadfastly...

3/8/2019

article Fourth Macau-Taipa bridge to be completed in 2025
(Macau) -- Macau’s fourth bridge, connecting the peninsula to the island of Taipa, is expected to be completed by the end of 2025, according to the schedule of the...
article Macau casinos had more than 24,000 croupiers at the end of 2018
(Macau) -- Macau’s lottery and other gaming sector at the end of 2018 had more than 57,000 workers, of whom 24,719 were croupiers, according to the region’s...
article Poker King Cup Macau approval was pending: backer
(Macau) -- The promoter of the now-cancelled 2019 edition of the Poker King Cup Macau has told GGRAsia his organisation is still awaiting guidance from the city’s...
article ‘Top Chef Kentucky’ Recap: A Fusion Feast in Macau
(Macau) -- Continuing their stay in Macau, the contestants on Top Chef Kentucky encounter new challenges and a few major surprises during the second part of the finals.

3/7/2019

article China wants Macau to provide better oversight of gambling industry
(Macau) -- China is expecting Macau to take a larger stance in helping to ensure regulations for the gaming industry are enforced. The director of the Liaison Office of...
article Macau Struggling to Attract High Rollers to Casinos
(Macau) -- High rollers are very important to casinos in the major gambling hubs such as Macau and Las Vegas. For the most part, the high rollers are in a much greater...
article Nomura Remains Pragmatic On Macau GGR During China’s Augmentation
(Macau) -- Nomura Instinet LLC brokerage firm based in the China economy has redrafted its estimate for the Gross Gaming Revenue (GGR) in Macau casinos for 2019.

3/6/2019

article High rollers are staying away from the gambling capital of the world and it's the latest sign that China is slowing down
(Macau) -- Declining activity among high rollers and weaker than expected gaming numbers in Macau are further evidence that the slowdown in China is having an impact on...

3/5/2019

article 3 yr Macau casino EBITDA gain streak at risk: JP Morgan
(Macau) -- The adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of Macau’s gaming industry could turn negative in the current...

3/4/2019

article Macau casino revenue grows by 4.4% in February
(Macau) -- Macau’s casinos gross revenue grew by 4.4% year-on-year in February to 25.37 billion patacas (US$3.171 billion), but did not offset the 5.0% decline...
article Macau government wants to add more non-gambling options
(Macau) -- Macau seems to be getting the same signal from every source: diversify. It appears their government may push to do just that, after remarks from Lionel Leong...
article Mainland gambler finds ‘blue card’ much more convenient for casino visits
(Macau) -- A 32-year-old mainland man has been accused of document forgery in a case that the Public Security Police Force (PSP) received in the form of a complaint from...

3/3/2019

article Unhappy New Year? Macau Casino Revenue Falls Flat
(Macau) -- Macau casino revenue rose 4.4% in February from a year earlier, roughly matching expectations. After a 5% drop in January, gross gaming revenue for the...

3/1/2019

article Gaming Stocks Mixed As Macau Gets Back Into The Black
(Macau) -- Gaming stocks Wynn Resorts (WYNN), Las Vegas Sands (LVS), MGM Resorts (MGM) and Melco Resorts & Entertainment (MLCO) were mixed after resurgent high-...

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