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Macau casino stocks fall after gambling revenue disappoints

Shares of Macau casino companies dropped early on Monday after gambling revenue slid more than expected in August due to slowing economic growth, China's trade war with the United States and protests in neighbouring Hong Kong.

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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 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...

12/9/2019

article Macau Performance a Pressing Concern
(Macau) -- The Zacks Gaming industry includes companies, which primarily own and operate integrated casino, hotel, and entertainment resorts. Some of the companies in...
article Macau’s bad year is turning out to be not just another blip
(Macau) -- Two decades after Macau returned to Chinese rule, a shift that catalysed its emergence as the world’s biggest gambling hub, casinos are facing serious...

12/8/2019

article Macau Light Train Route to Start Tuesday with Stops at Cotai Casinos
(Macau) -- Cotai gaming properties are getting easier to reach this week thanks to the launch of a Macau light rapid transit (LRT) train line. The transit route comes as...

12/7/2019

article China-US trade war hurts Macau more than instability in Hong Kong – Lawrence Ho
(Macau) -- The CEO of gaming operator Melco Resorts expressed that the US-China trade war is hurting Macau more than the current unrest in Hong Kong. In an interview...

12/5/2019

article Wynn, Macau Operators Are Bruised, but One Analyst Sees Value
(Macau) -- Wynn Resorts, Ltd. and other gaming companies with significant Macau footprints have seen their share prices sapped in recent months due to declining VIP...

12/3/2019

article Lei Wai Nong appointed to oversee Macau casino industry under new-look Ho Iat Seng government
(Macau) -- Macau’s incoming Chief Executive, Mr Ho Iat Seng, has announced the principal officials of his government set to take office once sworn in as the SAR...
article Stanley Ho Nephew Gets Eight Years for Organizing Prostitution Ring at Hotel Lisboa, Macau
(Macau) -- A nephew of Macau casino mogul Stanley Ho has been sentenced to up to eight years in prison for fronting a racket that organized prostitution at the Hotel...
article Stanley Ho’s nephew re-sentenced to eight years for prostitution
(Macau) -- The nephew of Macau casino icon Stanley Ho has been sentenced to eight years behind bars for his role in a prostitution ring at the Hotel Lisboa.

12/2/2019

article Macau casinos post disappointing aggregated November revenues figure
(Macau) -- The over 35 casinos in Macau reportedly experienced a disappointing November after chalking up an 8.5% year-on-year decrease in aggregated gross gaming...
article Macau Gambling Revenues Dip in November: Casino Stocks in Focus
(Macau) -- Macau, the world’s largest gambling hub, has witnessed decline in Casino gross gaming revenue (GGR). In November, gaming revenues from the region...
article Macau’s gaming policymaker replaced by Chief Exec
(Macau) -- Ho Iat Seng, the incoming Chief Executive for Macau, has started to put together his list of new government leaders. One of the positions that will see a...

12/1/2019

article China Appoints New Macau Officials, Replaces Economy Chief
(Macau) -- China's State Council appointed a slew of new officials to head the world's top gambling hub of Macau, changing key roles including the head of the...
article Macau casino revenues take a hit from Hong Kong protests and US-China trade war, slip 8.5 per cent in November
(Macau) -- Macau casinos showed further weakness in November as the world’s largest gambling hub heads towards its first annual revenue decline in three years, hit...

11/30/2019

article Macau casino revenue slides 8.5% in November
(Macau) -- Gambling revenue in the Chinese territory of Macau dropped 8.5% in November year on year, hit by lacklustre demand from high roller gamblers due to slowing...
article Macau Gaming Revenue Drops as Casinos Face Worst Year Since 2016
(Macau) -- Macau casinos showed further weakness in November as the world’s largest gambling hub heads toward its first annual revenue decline in three years....

11/29/2019

article Macau Handover Celebration Prompts Visa Restrictions, Could be Another Drag on VIP Revenue
(Macau) -- Ahead of the December celebration commemorating the twentieth anniversary of Macau’s handover from Portugal to China, authorities on the mainland are...

11/27/2019

article Macau casino service quality sees rise: 2019 survey
(Macau) -- Service quality in a sample of Macau casinos – including the work done by table games dealers – has shown improvement so far this year compared to...
article The 13 Macau Loses $65M Over Last Six Months, Blames Casino Struggles
(Macau) -- The 13 Macau south of the Cotai Strip in Coloane has cost its parent company nearly $65 million operating the non-gaming resort over the last six months....

11/25/2019

article Casino crime including scams up Jan-Sept: Macau govt
(Macau) -- Macau’s police services have seen a double-digit percentage increase in recorded allegations of gaming-related crimes during the first nine months of this...

11/24/2019

article Data protection in some local casinos dangerously weak – Secretary for Security
(Macau) -- The Secretary for Security, Wong Sio Chak said today that client and employee data protection in some casinos in Macau is dangerously weak, and advised gaming...
article Gambling accounted for half of economic activity last year
(Macau) -- Lotteries, other gambling and gaming promotion in Macau accounted for more than half of the territory’s economic activity in 2018, rising from 49% to 50...

11/22/2019

article Brokerages revise downward 4Q Macau GGR estimates
(Macau) -- Nomura Instinet said in a memo it was revising downward its forecast for fourth-quarter casino gross gaming revenue (GGR) in the Macau market against a...
article Macau overnight visitor segment decline continues in Oct
(Macau) -- Just over 3.2 million visitor arrivals were recorded in Macau during October, up by 1.8 percent year-on-year, according to the latest data released by the...
article MGM Resorts share sale a rejig of stock portfolio: Pansy Ho
(Macau) -- Pansy Ho Chiu King, co-chairperson and executive director of Hong Kong-listed MGM China Holdings Ltd, says her recent sale of a total of 4.5 million shares in...

11/21/2019

article Las Vegas Sands Bond Sale Tagged With BBB- Mark, Fitch Says Macau Concession Risk Prevents Higher Rating
(Macau) -- Las Vegas Sands Corp. (NYSE:LVS) said Thursday it’s selling an unspecified amount of debt, which earned a BBB- grade with a “positive”...

11/19/2019

article Macau gaming rev CAGR at 9pct for 2019-23: Bernstein
(Macau) -- The compound annual growth rate (CAGR) of Macau’s casino gross gaming revenue (GGR) could be 9 percent for the period spanning 2019 to 2023, says...
article Macau visitor non-gaming spend down 17pct in 3Q
(Macau) -- Visitors to Macau spent an aggregate of MOP15.20 billion (US$1.89 billion), excluding gaming expenses, in the third quarter of 2019, down 17.2 percent year-on...
article Nov likely hardest 2019 Macau GGR decline: analysts
(Macau) -- Ongoing protests in Hong Kong “appear to be having a slightly negative impact” on the Macau casino sector’s weekly gross gaming revenue (GGR) numbers. So said...
article November toughest month for Macau; 2020 not looking better
(Macau) -- It’s a well-established fact that 2019 hasn’t lived up to expectations in Macau’s casino scene. Overall, gross gaming revenue (GGR) has been...
article Stanley Ho, White and Red
(Portugal) -- Many of Stanley Ho’s real estate assets in Portugal have been handed over to the foundation named after him, created for philanthropic purposes. Revenues...

11/18/2019

article Ho expecting a ‘down year’ for Macau
(Macau) -- Melco Resorts chief executive Lawrence Ho said he expects the US-China trade war and renminbi devaluation to cause a “down year” for Macau’s...

11/16/2019

article Macau Government Forecasts Flat 2020 Casino Win, But Workers Demand Pay Hike
(Macau) -- The Macau government is assuming in its 2020 operating budget that casino gross gaming revenue (GGR) will be flat next year. But that isn’t stopping the...

11/15/2019

article Aristocrat’s “Ba Bao Huang Long” receives Best Theme award at MGS Entertainment Show
(Macau) -- Aristocrat’s “Ba Bao Huang Long” design was recognized with the Best Theme award at MGS Entertainment Show 2019 this week.

11/14/2019

article Macau government paints bleak outlook for 2020 GGR
(Macau) -- If everyone involved in the casino industry expected 2020 to shore up the flat gross gaming revenue (GGR) in Macau, they might want to reconsider their...
article Gaming manufacturer to roll out functional table games-dealing robot
(Macau) -- It’s official – the rise of the machines is here. At least, that appears to be the case in the gambling community. There are already a number of...

11/13/2019

article Sands China President Wong Forecasts Macau Stability Through End of 2019
(Macau) -- Sands China Ltd. President Wilfred Wong believes the gaming environment in Macau will be stable for the remainder of 2019 even as some operators fret about...
article Slot makers call for profit sharing to be allowed in Macau
(Macau) -- Manufacturers of electronic gaming machines say Macau’s Gaming Inspection and Coordination Bureau should consider allowing profit-sharing agreements between...
article Where the Money Is Flowing in Macao
(Macau) -- Third-quarter earnings reports have shown a sharp decline in revenue for operators like Wynn Resorts (NASDAQ:WYNN) that cater to the high-end gamblers known...

11/12/2019

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

11/11/2019

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

11/10/2019

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

11/6/2019

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

11/5/2019

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

11/4/2019

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

11/3/2019

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

11/2/2019

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

11/1/2019

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

10/31/2019

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

10/23/2019

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

10/21/2019

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

10/19/2019

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

10/18/2019

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

10/17/2019

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

10/16/2019

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

10/14/2019

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

10/13/2019

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

10/11/2019

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

10/10/2019

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

10/9/2019

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

10/8/2019

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

10/4/2019

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

10/3/2019

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

10/1/2019

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

9/30/2019

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

9/28/2019

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

9/27/2019

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

9/25/2019

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

9/24/2019

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

9/23/2019

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

9/22/2019

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

9/20/2019

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

9/18/2019

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

9/17/2019

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

9/16/2019

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

9/13/2019

article Lack of premium mass strategy begs questions of SJM’s Grand Lisboa Palace launch: analysts
(Macau) -- The short-term success of SJM’s under-construction Cotai integrated resort, Grand Lisboa Palace, appears questionable with the company’s lack of expertise in...

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