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Macau Casino Stocks Slump on China Crackdown Fears

Macau’s casino stocks were crushed in Hong Kong trading Monday morning amid increasing government scrutiny of money transfers between China and the gambling enclave.

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Macau Gaming

2/24/2018

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

2/23/2018

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

2/21/2018

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

2/14/2018

article Macau Legend expects net loss to increase 85 pct in 2017
(Macau) -- The board of directors of local gaming operator Macau Legend Development expects ‘to record an increase of over 85 per cent in its consolidated net loss...
article MGM China CEO sees appeal of Cotai resort offsetting delayed opening
(Macau) -- Grant Bowie says the new resort complements MGM’s existing Macau property, allowing the company to cater to the full range of travellers.
article Rising tide of travelers from China floods Macau, Asia
(Macau) -- Deutsche Bank issued a report stating that 14 out of 20 Macau hotels recently surveyed by the research house were fully booked out during the Chinese New Year...
article Hainan ‘gaming’ idea no threat soon to Macau: Fitch
(Macau) -- Fitch Ratings Inc says a recently-reported “proposal to introduce online gaming on Hainan Island” does not “pose any imminent threat” to Macau’s sovereign...
article Fitch upgrades Macau to AA – ‘stable outlook’
(Macau) -- Fitch Ratings has upgraded Macau’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to AA from AA-, pointing out that “the outlook is stable...
article Rich Goldman profit down 38 pct in 17H2
(Macau) -- Macau junket operator Rich Goldman saw its 17H2 profit fall 38 percent to HK$24.7 million (US$31.6 million), impacted by a significant drop in revenue from...

2/8/2018

article Casino mogul Steve Wynn confident on Macau concession extension
(Hong Kong) -- U.S. casino magnate Steve Wynn, head of the eponymous Wynn Resorts, said he was confident his casino business in the world's largest gambling hub of...

2/7/2018

article Wynn exit brings Macau and Japan hopes into focus
(Hong Kong) -- Steve Wynn, the billionaire U.S. gaming tycoon, has stepped down from his namesake casino resort empire following allegations of sexual misconduct,...

2/2/2018

article Macau Casino Growth in January the Highest in Four Years
(Macau) -- Macau’s casino market has started the year in style after posting a huge 36.4% year-on-year revenue increase to $3.3 billion for January compared to the...

2/1/2018

article Macau Gambling Revenue Skyrockets 36.4 Percent in January
(Macau) -- Macau gambling revenue saw its biggest year-on-year growth in almost four years in January. A gain of 36.4 percent from the same period a year ago returned...

1/30/2018

article Stephen Hung abandons floundering Macau hotel project
(Macau) -- Flamobyant Hong Kong investment banker Stephen Hung has walked away from his ill-fated über-luxurious Macau hotel project The 13. Late last week, The 13...

1/29/2018

article Macau’s VIP Junket Industry Shrinks for Fifth Consecutive Year
(Macau) -- While Macau’s casino market has well and truly rebounded from the 2014-16 economic slump, the junket industry, once the oil in its cogs, continues to...

1/26/2018

article Macau licensed junket consolidation plateaus: insiders
(Macau) -- The aggregate number of Macau licensed gaming promoters, also known as junkets, is not likely to change very much this year, following a period of mergers and...

1/23/2018

article Macau authorities declare casino attack drill a success
(Macau) -- Emergency and other Macau government workers joined a simulation drill overnight on Monday at the Galaxy Macau casino resort operated by Galaxy Entertainment...

1/22/2018

article Casino mogul Steve Wynn confident on Macau concession extension
(Macau) -- U.S. casino magnate Steve Wynn, head of the eponymous Wynn Resorts WYNN.0, said he was confident his casino business in the world’s largest gambling hub...
article Gaming employees at high risk of gambling disorders
(Macau) -- From January to September 2017, over 30 percent of the people who sought help from the Social Affairs Bureau (IAS) due to a gaming disorder were employees in...
article Wynn Macau dealer arrested over $6 million chip theft
(Macau) -- In Macau, local police have reportedly arrested a dealer from the Wynn Macau integrated casino resort along with an accomplice over allegations that the pair...

1/21/2018

article HKD48 million casino robber arrested, chips still missing
(Macau) -- The Judiciary Police (PJ) announced at a press conference last week that the man who stole almost HKD48 million in gaming chips from the VIP room of a casino...
article Wynn Macau heist isolated incident: gaming regulator
(Macau) -- The head of Macau’s gaming regulator believes that the theft of casino chips with a face value of nearly HKD47.9 million (US$6.1 million) from a...
article Imperial Palace Hotel fined MOP4.43 million
(Macau) -- The Court of First Instance has ruled that the Beijing Imperial Palace Hotel – formerly known as New Century Hotel – will be fined MOP4.43 million...

1/20/2018

article Visitation numbers in Macau were significantly greater in 2017
(Macau) -- Visitation numbers in Macau were significantly greater in 2017. The Macao Government Tourism Office (MGTO) announced earlier this week that the Chinese...

1/19/2018

article $6 million worth of chips stolen from Macau casino
(Macau) -- Millions of dollars worth of chips were stolen from a Macau casino in a brazen heist that has raised security concerns at the biggest gambling hub in the...
article Macau casino entrepreneurs have a good year
(Macau) -- The ongoing recovery of the casino market in Macau has reportedly helped some of the industry’s best-known entrepreneurs to increase their wealth even...

1/18/2018

article Macau police hunt for casino dealer after $6m theft
(Macau) -- Police in Macau have said they are looking for a casino dealer who allegedly stole more than 47m Hong Kong dollars (£4m; $6m) worth of chips. Police...
article Macau police searching for dealer suspected of stealing $6M in chips
(Macau) -- Police in Macau are searching for a dealer suspected of stealing $6 million worth of casino chips this week from Wynn Macau, authorities in the Chinese-...
article Wynn Macau staff charged with spreading $6m chip thief identity
(Macau) -- Wynn Macau’s $6m chip thief remains at large, but three people who spread his face on social media are under arrest. On Tuesday, an unidentified Macau...

1/17/2018

article Macau police hunt casino dealer after S$8.1 million theft
(Macau) -- Police in the world's largest gambling hub of Macau are hunting for a dealer suspected of stealing HK$48 million (S$8.1 million) worth of casino chips...

1/16/2018

article Macau casino stocks shine on Morgan Stanley outlook
(Macau) -- Looks like the house (and its investors) are winning again. Macau casino stocks rallied on Tuesday after analysts at Morgan Stanley raised their 2018 forecast...
article Macau Gambler Traffic No Longer from Just Beijing and Shanghai, as ‘Lower-Tier’ Chinese Citizens Become More Mobile
(Macau) -- The Macau casino industry has largely depended on the citizens of China for its main revenue stream. But most of those visitors have also come from a select...
article Macau VIP gaming revenue share improves despite Q4 slowdown
(Macau) -- Macau casino VIP gambling revenue growth outpaced overall casino gaming revenue growth in 2017, despite a mild VIP slowdown in the year’s final quarter...
article Meg-Star junket preps two new Macau VIP casino clubs
(Macau) -- Macau casino junket operator Meg-Star International appears intent on living up to its mega-name via the opening of two additional VIP gaming clubs. On Monday...

1/15/2018

article Meg-Star junket preps two new Macau VIP casino clubs
(Macau) -- Macau casino junket operator Meg-Star International appears intent on living up to its mega-name via the opening of two additional VIP gaming clubs.
article Two new VIP clubs for Macau casino junket Meg-Star
(Macau) -- Macau-based junket operator Meg-Star International has confirmed to GGRAsia it is currently preparing for “two new openings” of fresh-to-market...

1/14/2018

article Macau's best casinos: A 2018 guide
(Macau) -- Macau's casinos have seen some tough times in recent years, but take a walk along the city's casino boulevard, the Cotai Strip, and you'd never...

1/12/2018

article Casino Concession Negotiations and Triad Links Could Impact Macau’s Economy in 2018
(Macau) -- Upcoming negotiations over the future of Macau’s six casino concessionaires and the special administrative region’s links to organized crime may...
article Macau High Rollers to Bring Less Revenue in Second Half of 2018
(Macau) -- Macau is known as the biggest gambling hub in the world and as such it enjoys a lot of attention from players from all four corners of the planet. Probably...
article Wynn Employees Report Smoking Ban Breach at Casino Mass Floors
(Macau) -- On Thursday this week, employees from casinos operated by casino operator and developer Wynn Resorts wrote a letter to the government, asking for a stricter...

1/11/2018

article Triad activities still present in Macau, says expert
(Macau) -- Steve Vickers, CEO of Steve Vickers Associates, has said that casinos in Macau remain vulnerable to terrorist attacks despite the city’s recent efforts...

1/10/2018

article Under-age denials at Macau casinos in 2017 grows by 23 percent: report
(Macau) -- Macau casinos reported approximately 80,000 more instances of refusing entry to underage individuals last year than the number of entry refusals to...

1/9/2018

article Macau VIP GGR slower since December: Credit Suisse
(Macau) -- Macau VIP gross gaming revenue (GGR) growth has slowed since mid-December, says a Monday memo from investment bank Credit Suisse AG, noting that the high...

1/8/2018

article 430k under-age refusals at Macau casinos in 2017: report
(Macau) -- There were around 430,000 instances in 2017 of casinos in Macau reporting they had refused entry to people under the age of 21, local broadcaster Radio Macau...
article MGM Cotai ‘grand opening’ Feb 13: promoter
(Macau) -- Macau-based casino operator MGM China Holdings Ltd is to host an “official grand opening ceremony” for its MGM Cotai resort (pictured) on February...

1/7/2018

article Dog Racing in Macau to End with Closure of ‘Canidrome,’ But Activists Fear Greyhounds’ Fate
(Macau) -- The Macau (Yat Yuen) Canidrome, the only stadium in Asia built for greyhound racing, will close on July 21, owner Angela Leong confirmed last week.

1/5/2018

article Macau Casinos Finally Post A Winning Year
(Macau) -- Macau’s casinos won $2.8 billion from gamblers last month, which brought 2017’s gambling winnings to $33 billion, according to figures released by...
article Macau Casinos Remain Vulnerable to Terrorism and Organized Crime, Security Assessment Findings Assert
(Macau) -- Macau casinos won $33 billion last year, a 19.1 percent increase on 2016 and the enclave’s first annual gain since 2013. With the millions of visitors...
article Macau terror threat remains low but can’t be ruled out
(Macau) -- A top security consultant is repeating warnings that Macau casinos could face a terrorist attack, despite being criticized for issuing similar warnings in the...

1/4/2018

article Macau introduces new electronic live-dealer gaming table rules
(Macau) -- In Macau, Monday reportedly saw the Gaming Inspection and Coordination Bureau regulator institute a new set of technical standards covering any electronic...

1/3/2018

article Macau casino outlook is China's call
(Macau) -- Gamblers have no way of telling the end of a winning streak from a random loss. Investors in casino stocks face the same problem. Gaming revenues in Macau...

1/2/2018

article Casino revenue miss signals volatility with VIP surge
(Macau) -- When high rollers are the biggest drivers of Macau’s casino revenue, it’s much harder for analysts to predict betting results. The hub’s...
article China’s ATM cash ruling to hit casinos: SJM’s Leong
(Macau) -- Newly-announced rules from Beijing regarding an annual limit on the aggregate amount of cash people can withdraw from their mainland Chinese bank accounts...
article Macau gaming revenue rose 19 percent in 2017, first gain since 2013
(Macau) -- Macau gross gaming revenue rose 15 percent in December, lifting the Chinese gambling enclave to its best year in three as VIP gamblers returned to the gaming...
article Macau, Philippine casino ops top stock gains in 2017
(Macau) -- Casino stocks of Macau and Philippine operators posted the strongest gains for the sector in Asia during 2017. The majority of the other casino firms in the...
article MIA Passenger Traffic Reaches Record High amid Macau Casino GGR Increase
(Macau) -- In the light of the recently announced increase generated by the annual Macau gambling revenue, it also became clear that the Macau International Airport...

1/1/2018

article Lawrence Ho Yau Lung steps down at Summit Ascent Holdings Limited
(Hong Kong) -- After last month selling off the entirety of his 17.37% stake in Asian casino operator Summit Ascent Holdings Limited, Hong Kong-based businessman...
article Macau annual casino revenue snaps three-year losing streak
(Macau) -- Macau casinos completed their comeback in 2017, as the world’s top gambling hub recorded its first annual gaming revenue growth in three years. On Monday,...
article Macau Casino Revenue Up 19% to $33B in 2017
(Macau) -- Macau’s casino industry has finally returned to growth in 2017 with gross gaming revenue (GGR) climbing by 19% to $33.02 billion, according to the...
article New China card cash rules unlikely to hurt Macau: analyst
(Macau) -- A new annual CNY100,000- (US$15,366-) limit on the aggregate amount of money people can withdraw from their mainland Chinese bank accounts while overseas...

12/31/2017

article Macau casino GGR posts 19pct growth in full-2017: govt
(Macau) -- Macau’s accumulated casino gross gaming revenue (GGR) for full-year 2017 grew by 19.1 percent compared to the tally for 2016, according to data released...

12/27/2017

article 3,000 people prosecuted for smoking inside casinos since 2013
(Macau) -- Three thousand people were prosecuted for smoking inside casinos since the current tobacco control law came into effect in 2013, said Tang Chi Ho, Chief of...

12/26/2017

article The top casino stories of 2017
(Macau) -- The Macau casino market’s tentative return to growth that began in 2016 accelerated dramatically this year, with each month posting strong double-digit...

12/22/2017

article An Anniversary in Macau Shines a Light on Changes in Atlantic City
(Macau) -- MGM Macau just turned ten years old; a celebration was held to honor the 1,900 employees who have been with the casino since day one. MGM Macau has a total of...

12/21/2017

article Macau casino ops mull joint shuttles from HKZM Bridge
(Macau) -- Macau casino operators have held talks with the city’s Transport Bureau about the possibility of jointly operating a shared shuttle bus service from the...

12/20/2017

article Macau Celebrates 18th Anniversary Under Chinese Control by Honoring Casino Tycoon Lawrence Ho
(Macau) -- On this day in 1999, the sovereignty control of Macau was officially transferred from Portugal to China, as agreed upon by the two countries. To celebrate its...
article Macau Government Honours Lawrence Ho for Outstanding Contribution to Tourism Sector
(Macau) -- The Government of Macau has honoured the Hong Kong businessman Lawrence Ho, who is also the chief executive officer and chairman of Melco International and...

12/19/2017

article Macau Casino Profit Poised to Surge
(Macau) -- Macau, the world’s largest gambling hub, is on its way to seeing casino profits surge toward highs set before a Chinese government corruption crackdown...
article Macau busts WeChat livestream of Philippine casino baccarat
(Macau) -- Macau authorities busted a gang that livestreamed action from a Philippine casino on the same day that Philippine authorities arrested 14 Chinese nationals...

12/17/2017

article Macau Revenues Spike 22.6% Year-on-Year in November
(Macau) -- Land-based casinos in Macau defied expectations and posted a stronger-than-expected growth rate in November 2017. The GIB (Gaming and Inspection Bureau)...

12/15/2017

article Sands China donates $250k to Macau Holy House of Mercy
(Macau) -- Las Vegas Sand’s Sands China Ltd. presented a donation this week of nearly $250,000 (US) to Macau Holy House of Mercy to help with the cost of restoring...

12/12/2017

article Macau casino suspect transaction reports up 38pct in 1H17
(Macau) -- Suspicious transaction reports filed by Macau casinos increased by 37.7 percent year-on-year in the first half of 2017, said the city’s Financial...

12/9/2017

article VIP gambling rebound has Macau junkets in expansionist mode
(Macau) -- Macau’s resurgent VIP gambling market has casino junket operators back in expansionist mode following the sector’s lengthy period of retrenchment.

12/8/2017

article Macau Gambling Industry Could Generate $53bn By 2022
(Macau) -- The Macau gaming industry is poised to make a strong comeback this year as it reported its second-highest month-long revenue in November bringing in $2.87...
article Macau's Casino Outlook for 2018
(Macau) -- After two years of declining revenue, Macau's casinos are looking to be making a comeback. So what does 2018 have in store? Bloomberg Intelligence's...

12/7/2017

article Tak Chun says launching new MGM Macau VIP club
(Macau) -- Macau gambling junket investor Tak Chun Group is to launch what it says is a “brand new” VIP gaming club at MGM Macau on Monday, with a facility...

12/6/2017

article Die is cast: Opening of MGM China’s new casino on Cotai Strip to boost Macau leasing market
(Macau) -- The opening of MGM China’s US$3.4 billion resort on the Cotai Strip in January 2018 is expected to boost leasing demand as more expatriate executives...
article Junket firm Meg-Star eyes bigger VIP biz footprint
(Macau) -- Macau-based junket operator Meg-Star International has plans to expand its VIP gaming business in Macau and overseas next year, a company spokesperson told...

12/5/2017

article eSports could boost casino activity in Macau
(Macau) -- Local scholar and legislator Davis Fong Ka Chio, said that competitive video games such as eSports could be a great addition to the non-gaming offering in...
article Macau experienced great GGR results
(Macau) -- According to information released by the Gaming Inspection and Coordination Bureau of Macau (DICJ), gaming gross revenue (GGR) surpassed analysts’...
article Macau has no plans to license casino junket operator sub-agents
(Macau) -- In Macau, a senior government official has reportedly disclosed that authorities have no immediate plans to initiate a licensing regime for the numerous sub-...
article Macau suspends pro-democracy lawmaker as critics protest
(Hong Kong) -- Macau has suspended a pro-democracy lawmaker for alleged “disobedience” after he took to the street instead of staying on a sidewalk during a...

12/3/2017

article Casinos extend winning streak, revenue grows 23pct
(Macau) -- Macau’s casino revenue in November grew at the fastest pace in four months as junket operators attracted high-stakes players to the world’s...

12/2/2017

article Macau gaming revenue reaches $2.9B in November
(Macau) -- Macau posted gross gaming revenue for November of $2.9 billion — the second-highest so far this year, bringing the 11-month total to $30.4 billion. The...

12/1/2017

article OP/ED: Why Macau being the latest Unesco ‘creative city of gastronomy’ is a sad irony
(Macau) -- In the 1980s and 90s, ordinary people in Macau enjoyed cheap and delicious dishes at food stands and food stalls everywhere around town. During weekends and...

11/30/2017

article Macau casino sector loses Michelin starred eatery
(Macau) -- The Macau casino sector has on aggregate for 2018 one fewer restaurant with a Michelin starred rating than it had in the 2017 edition of the “Michelin...

11/29/2017

article Analysts warn stricter junket regulations could put recovery at risk
(Macau) -- Financial services firm The Motley Fool is predicting that stricter regulations, poised to take effect in Macau’s junket sector, may put the gaming...

11/27/2017

article Macau GGR to grow by at least 18pct in Nov: analysts
(Macau) -- The year-on-year growth rate in November for Macau’s casino gross gaming revenue (GGR) is likely to be in the range of 18 percent to 20 percent, say...
article Is Macau Going to Chase Away VIP Gamblers Again?
(Macau) -- The leaders of China seem intent on undermining Macau's renewed success. After sending their country's sole legal gambling destination into an...

11/26/2017

article Can Macau Casinos Sustain Las Vegas-Style Entertainment?
(Macau) -- The biggest show in Macau looks a lot like something you might find in Las Vegas. Running at least five nights a week at Melco Crown Entertainment’s...
article Loan sharking crimes decrease in Macau after Judiciary Police crackdown
(Macau) -- Macau’s Judiciary Police appear to be making progress in the city’s fight against illegal loan sharking and the unlawful detention of gamblers, after crimes...
article Macau pulls out the stops to attract gamblers with private jets and performances
(Macau) -- Macau’s biggest junket operator is rewarding its high rollers with travel packages to attend the Kennards Hire Rally car race in Australia and a limited...

11/23/2017

article Macau will hold casino attack drill as city prepares terror safety strategy
(Macau) -- Macau’s six casino operators and the city’s law enforcement officials will carry out a mass terror drill in the gambling district early next year...

11/22/2017

article Private Jets to Concerts Rolled Out to Woo Gamblers to Macau
(Macau) -- Macau’s biggest junket operator is rewarding its high rollers with travel packages to attend the Kennards Hire Rally car race in Australia and a limited...

11/19/2017

article Macau concession talks to add volatility in 2018: Nomura
(Macau) -- Assuming that the debate on the eventual refreshment of gaming concessions in Macau is likely to start next year, Japanese brokerage Nomura said in a note it...

11/16/2017

article Macau to place greater focus on regulation of gaming industry in 2018
(Macau) -- The Macau government, in its annual policy address for 2018, says there are plans to place greater focus on regulation of the gaming industry. That includes...
article Macau Will ‘Strengthen’ Gaming Regulations, Posing Risk To Casino Boom
(Macau) -- Authorities in Macau said that they would evaluate and tighten up gambling laws and plan to increase restrictions on junket operators in January, potentially...
article The 13 Still Hasn’t Submitted a Macau Gaming Application, and Permits Are Running Dry
(Hong Kong) -- The 13, an ultra-luxury resort concept from flamboyant Hong Kong businessman Stephen Hung, has ran up a construction tab of over $1.6 billion.

11/15/2017

article Opinion | Deal the deck, forget the past, fear the future in Macau
(Macau) -- No hotshot gambler tells epic stories about losing money. It’s the winning hand people want to hear about. But blocking out memories of preventable...

11/14/2017

article Macau to Bolster Casino Oversight Ahead of License Renewals
(Macau) -- Macau regulators are strengthening their oversight of the almost $30 billion casino industry as they plan to release details next year of the renewal process...
article Macau Will 'Strengthen' Gaming Regulations, Posing Risk To Casino Boom
(Macau) -- Authorities in Macau said that they would evaluate and tighten up gambling laws and plan to increase restrictions on junket operators in January, potentially...

11/13/2017

article Real estate investors set to buy up Macau’s Landmark Casino
(Macau) -- Macau Legend Development Ltd is reportedly set to sell the Landmark Macau casino for a price of around HKD4.6 billion ($821 million) – but the buyer...

11/12/2017

article Macau Legend sells Landmark to real estate investor
(Macau) -- David Chow’s Macau Legend Development Ltd has announced in a filing to the Hong Kong Stock Exchange its intention to dispose of 100 percent equity in...

11/9/2017

article Macau Shows High Level of Smoking Ban Violations
(Macau) -- Macau’s Health Services recently issued a research which shows a striking percentage of people violating the smoking ban which is regulating the area....

11/8/2017

article GGR in Macau to reach $53bn
(Macau) -- Analysts from Morgan Stanley revealed in a note on Tuesday that gross gaming revenue (GGR) in Macau could be as high as US$53 billion in 2022 due to an...
article MGM China operating profit down almost 60pct in 3Q
(Macau) -- Hong Kong-listed MGM China Holdings Ltd recorded operating profit of US$35 million for the third quarter of 2017, in accordance with U.S. Generally Accepted...
article Macau casino operator Galaxy 3Q revenue up 23 pct
(Macau) -- Macau casino operator Galaxy Entertainment Group Ltd produced third-quarter revenue of HKD15.9 billion (US$2.04 billion), up 23 percent year-on-year and up 10...

11/5/2017

article Phased revamp of Cotai Central into The Londoner: Sands
(Macau) -- U.S.-based casino operator Las Vegas Sands Corp says redevelopment of its Sands Cotai Central casino resort in Macau into The Londoner Macao will “be...
article Macau Gastronomy Recognized by UNESCO, Mirrors Las Vegas as Nongaming Draws Expand
(Macau) -- Macau culinary excellence is now right behind Las Vegas, as both gaming destinations are finding award-winning fine dining is proving to be an effective path...
article Macau GGR to continue growing in 2018: govt
(Macau) -- Macau’s Secretary for Economy and Finance, Lionel Leong Vai Tac (pictured), said on Friday the local government was forecasting casino gross gaming...

11/4/2017

article Galaxy Entertainment First Macau Gaming Operator to Accept WeChat Pay
(Macau) -- Galaxy Entertainment, one of just six licensed gaming operators in Macau, announced this week that it will soon begin accepting WeChat Pay mobile transactions...

11/3/2017

article Sands Cotai Central Rebranding Could Hurt Short Term Revenues
(Macau) -- While the Sands Cotai Central’s rebranding may be good for business eventually, construction work could hurt the property’s ability to draw...

11/2/2017

article Five years later, Macau revisits smoking ban
(Macau) -- Newly-elected Leong Sun Iok of the Federação das Associações de Operários de Macau (Macau Federation of Trade Unions, ‘FAOM’) called on the...
article Less Chipper: Macau’s Melco Down Despite Strong Profits (sub req)
(Macau) -- Shares of Melco Crown Resorts & Entertainment (MLCO) were down nearly 4% in late afternoon trading even though the Macau casino operator reported a 77%...
article Melco Crown, Wynn Resorts, Las Vegas Sands Shares Jump On Macau Revenue Hopes
(Macau) -- Shares of casino operators Las Vegas Sands (LVS), Wynn Resorts (WYNN), MGM Resorts International (MGM) and Melco Crown Entertainment (MLCO) are rallying...
article MGM & Las Vegas Sands: Macau Lifts One Boat (sub req)
(Macau) -- The data proved skeptics wrong: Macau's gross gaming revenue jumped 22% in October, not the roughly 16% increase Wall Street researchers expected.
article Macau Casinos Post 15th Straight Month of Gains, October Revenue Best in Three Years
(Macau) -- The Macau Gaming Inspection and Coordination Bureau reported that the region’s casinos won 26.6 billion patacas ($3.3 billion) in October, a 22.1...
article New border currency declaration scheme goes live in Macau
(Macau) -- In Macau, yesterday reportedly saw local customs officials begin enforcement of a new compulsory currency declaration scheme that sees all high-value...
article Adrian Mateos shines during record-breaking 2017 ACOP in Macau
(Macau) -- Winamax pro, Adrian Mateos, puts in a superb shift at the 2017 Asia Championship of Poker at the City of Dreams in Macau, winning over a million bucks. Adrian...

11/1/2017

article Macau casino revenues the highest in three years
(Macau) -- Macau’s casino gaming receipts rose 22.1 percent to 26.63 billion patacas (US3.31 billion) in October, according to data released by Macau’s...

10/31/2017

article Macau Casino Revenue Climbs to 3-Year High on Post-Holiday Rush
(Macau) -- Macau’s casino revenue in October climbed to the highest in three years as many high-stake bettors and recreational players visited the world’s...
article Macau casinos post 22 pct growth in Oct gambling revenue yr/yr
(Macau) -- Gambling revenue in the world’s biggest casino hub Macau jumped 22 percent in October, the 15th consecutive month of growth in the Chinese territory...
article Casino stocks rally after report Macau gaming market posted 'noticeable pickup'
(Macau) -- Several casino stocks received a lift Tuesday after a report from Nomura suggested the Macau gaming market showed a "noticeable pickup in demand" in...
article Macau casino operator SJM falls short of market expectations with 16.5pc profit drop in third quarter
(Macau) -- SJM Holdings, one of Macau’s six major casino operators, posted a 16.5 per cent slump in its third-quarter net profit from a year ago, squeezed by...

10/28/2017

article Macau Coffers Have Collected Over $8.5 Billion in Gaming Taxes in 2017
(Macau) -- The Macau government is benefiting from the return of VIP play to the region’s casino resorts in 2017. Through September, the city’s coffers have...

10/26/2017

article Macau busts casino loansharks, WeChat baccarat operators
(Macau) -- Macau authorities have broken up yet another illegal gambling operation livestreaming its activity via the WeChat social media platform. On Monday, Macau...

10/25/2017

article Macau reaps $8.54B gambling tax revenues in nine months
(Macau) -- Taxes collected from Macau’s gambling sector jumped 17.5 percent in the first nine months of the year, latest data provided by the city’s...
article Sands to Invest $1.1 Billion in London-Themed Macau Remodel
(Macau) -- Las Vegas Sands Corp., capitalizing on the rebound in Macau gambling, will spend $1.1 billion renovating its properties there, including turning the Sands...

10/22/2017

article 13 Holdings drops 52% on planned rights issue to complete Macau casino
(Hong Kong) -- Shares in 13 Holdings tumbled as much as 51.7 per cent on Monday after it announced plans for a rights issue to complete its delayed luxury casino in...

10/21/2017

article Macau owner of world’s biggest Rolls-Royce fleet to raise HK$1.7 billion to complete luxury casino
(Macau) -- Billionaire Stephen Hung’s gambling developer 13 Holdings has announced a plan to raise HK$1.7 billion (US$218 million) through selling stocks and debt...

10/20/2017

article The 13, Flamboyant Investor Stephen Hung’s Ultra-Luxury Macau Resort, Might Open Without Gambling
(Macau) -- The 13 is reportedly nearing completion on the 200 all-villa hotel, but the $1.6 billion development located south of the Cotai Strip in the Coloane Village...

10/18/2017

article Macau VIPs Still Very Important, Represent 58 Percent of Casino Revenue
(Macau) -- The Macau VIP segment continues to account for the biggest chunk of gaming revenue on the region’s casino floors.

10/16/2017

article MGM Cotai to open in 2018 with focus on mass market as well as VIPs
(Macau) -- Early last month, it was reported that MGM Cotai would open in Macau as scheduled – immediately after China’s Golden Week – despite the...
article Macau VIP expands 35 percent in Q3
(Macau) -- Asia’s premier gambling hub continues to enjoy a robust VIP segment in the third quarter based on the figures released by Macau’s Gaming...
article Golden Week Tarnished
(Macau) -- Macau casino stocks fell October 9 in the aftermath of a disappointing Golden Week holiday. The seven-day celebration fell this year included the Mid-Autumn...

10/15/2017

article MGM Cotai Focuses on Mass Market, Set to Open Without VIP Tables
(Macau) -- MGM Cotai will open next year after being delayed from the fourth quarter due to August’s Typhoon Hato that caused nearly $2 billion in damages to...

10/10/2017

article Gravity pull of Macau new casinos limits satellite venues
(Macau) -- The recent arrival in the Macau market of a new so-called satellite casino – one that relies on the gaming permit of one of the city’s six...

10/9/2017

article Macau Golden Week turns out to be not-so-golden at all
(Las Vegas) -- Macau casino operators have apparently counted their chickens before they’re hatched. Everything looked pretty golden for Macau in the days before...

10/8/2017

article Casinos drop as Golden Week visitor numbers disappoint
(Macau) -- Macau casino shares slumped amid growing concern that business during Golden Week may not live up to optimistic projections due to fewer-than-expected...
article MGM China estimates lowered after delay announcement
(Macau) -- Morgan Stanley analysts have revised down its estimates for MGM China after the company announced the delay of its new Cotai property, as well as higher capex.

10/7/2017

article Macau casinos have extended their 14-month winning streak
(Macau) -- Macau casinos have extended their 14-month winning streak by increasing September revenue by 16.1 percent. October looks promising, as well, with the Golden...

10/6/2017

article Macau Casinos Drop as Golden Week Visitor Numbers Disappoint
(Macau) -- Macau casino shares slumped amid growing concern that business during Golden Week may not live up to optimistic projections due to fewer-than-expected...

10/5/2017

article Macau casino stocks dip on lower Golden Week visitor numbers
(Macau) -- Macau casino stocks slid on Friday after the territory’s tourism board said visitor numbers during the first four days of China’s Golden Week...
article Macau casinos plunge as Golden Week visitor numbers disappoint
(Hong Kong) -- Macau casino operators sank after visitor arrivals from mainland China over the Golden Week holidays disappointed. Galaxy Entertainment Group Ltd tumbled...
article DICJ set to improve security
(Macau) -- The Gaming Inspection and Coordination Bureau (DICJ) revealed that it will meet with local gaming operators in order to discuss new ways to improve security...

10/4/2017

article Macau Casinos Extend Winning Streak Despite Absence Of 'Super Whales'
(Macau) -- September marked 14 straight months of gaming revenue increases for Macau, the only place in China with legal casinos. Macau’s Gaming Inspection and...
article MGM China shares little changed, while other Macau casino stocks advance on ‘golden week’ optimism
(Macau) -- Shares in casino giant MGM China struggled to remain in positive territory on Wednesday in Hong Kong, as investor sentiment was affected by the deadliest...

10/2/2017

article Macau is hitting it rich from gambling
(Macau) -- Casinos in the world’s biggest casino hub of Macau have extended a 14-month winning streak in September, with their revenue up 16.1%, priming for a...

10/1/2017

article Macau gaming receipts rise to US$2.7bn
(Macau) -- Macau’s casino revenue grew for the 14th consecutive month as high rollers lingered around the gambling tables in the world’s largest hub for...
article Macau Tourism Office Makes Bold Predictions, Non-Gaming Spend Forecasted to Double by 2025
(Macau) -- If the Macau tourism office is concerned with how ongoing regulations and oversight from China might impact its economy, the city agency certainly isn’t...
article Rank profits squeezed by tighter casino controls
(Macau) -- Tighter controls on money laundering and problem gambling at casinos as well as a continuing decline at bingo halls weighed on full-year profits at Rank, the...

9/30/2017

article High Rollers Drive Macau Revenue Growth for 14th Straight Month
(Macau) -- Macau’s casino revenue grew for the 14th consecutive month as high rollers lingered around the gambling tables in the world’s largest hub for...
article Hotels and Casinos Will Be Packed for Macau’s Upcoming Golden Week
(Macau) -- The forecast for Macau’s upcoming holiday week looks pretty golden. Junkets flush with high rollers, full hotels charging five times their usual prices...
article MGM again delays opening of Macau casino
(Macau) -- MGM Resorts International has pushed back the opening of its Cotai casino in Macau for at least the third time following the worst typhoon to strike southern...

9/29/2017

article MGM Cotai delays opening following Typhoon Hato
(Macau) -- MGM China Holdings has announced that it has been forced to postpone the opening of its flagship casino resort, the MGM Cotai, as a result of typhoon Hato...

9/28/2017

article Macau May Be Set for Its Best Golden Week Holiday in Years
(Macau) -- The forecast for Macau’s upcoming holiday week looks pretty golden. Junkets flush with high rollers, full hotels charging five times their usual prices...

9/27/2017

article Macau regulator proposes gambling ban for casino staff
(Macau) -- Macau’s gaming regulator is proposing the introduction of rules banning Macau-based gaming workers from casino floors outside work hours. It says the...
article Royal Dragon Casino opens in Macau with 20 gaming tables
(Macau) -- The Royal Dragon Casino and its hotel opened on Wednesday morning in the downtown district of Macau. The city’s gaming regulator confirmed to GGRAsia on...

9/26/2017

article Banning off-duty gaming staff from casinos consultation begins
(Macau) -- The government is launching a one-month public consultation today on a proposed ban on off-duty gaming staff entering local casinos. A press conference about...

9/24/2017

article Macau govt details new smoking lounge standards
(Macau) -- The Macau government announced on Monday the new technical details for smoking lounges inside Macau casinos. The information is needed by the city’s...
article Royal Dragon Casino to open Sept 27: source
(Macau) -- Royal Dragon Casino and its hotel – a new gaming property in the downtown district of Macau peninsula – is scheduled to open at noon on Wednesday...

9/22/2017

article China's Golden Week Holiday Set to Unleash Gambling Explosion
(Macau) -- China's Golden Week celebration starting Oct. 1 could be the country's busiest holiday in four years, offering a hearty boost for Macau resorts,...
article Macau would increase regulations
(Macau) -- Paulo Martins Chan, director of Gaming Inspection and Coordination Bureau (DICJ) told the press the upcoming measure that the Chinese region’s...

9/21/2017

article 6 Goldman Asia Casino Picks: Will Millennials Embrace Macau, Philippines?
(Macau) -- The Philippines and the Chinese gambling mecca of Macau are best-positioned to capture increasing Asian spending on travel and leisure oover time, according...
article Changing the game: Macau bets big on sports in bid to shed its gambling image
(Macau) -- Macau has earned a reputation as the Las Vegas of Asia for good reason, right down its own garish fake Eiffel Tower at the Parisian. Now its cavernous casino...

9/20/2017

article Chinese high rollers drive Macau’s casino rebound
(Macau) -- Conventional wisdom in Macau says authorities favor mass market gambling by tourists over VIP play from high rollers using junket promoters to circumvent...
article Kevin Klayton: Make your property the preferred play destination
(Macau) -- In this interview with CalvinAyre.com’s Becky Liggero, Kevin Klayton of Galaxy Entertainment gives his insights on how casino operators may be able to...

9/19/2017

article Mystic Lake Casino planning Super Bowl acts
(Minnesota) -- A pop-up nightclub will open at Mystic Lake Casino to coincide with the Super Bowl and offer four nights of "world-class performances" Feb. 1-4...
article Casino-junket links not confidential info, court rules
(Macau) -- A Macau court has ruled against the city’s casino regulator, saying it has no right to block access of interested parties to the list of VIP gaming...
article No request yet for casino at Royal Dragon: Macau regulator
(Macau) -- The head of Macau’s casino regulator says the body has yet to receive a request for the opening of a casino in a revamped building near the Macao...
article Why This Macau-Centric Casino Operator Is Breaking Out Today
(Macau) -- Melco Resorts & Entertainment (MLCO) broke out on Tuesday following an upgrade from Nomura Instinet, which said the casino operator stood to benefit from...

9/18/2017

article Macau elects young democracy activist, as opposition drive out casino-related representatives
(Macau) -- Macau voters have elected a young pro-democracy activist to the Chinese casino capital’s legislature, as opposition lawmakers expanded their presence at...
article Morpheus aids Melco Resorts in Cotai casino race: brokerage
(Macau) -- The opening of Morpheus (pictured) – a fifth hotel tower – at Macau casino resort City of Dreams will enable the property to “remain...
article New faces join Macau legislature, Angela Leong re-elected
(Macau) -- Three new members are joining Macau’s Legislative Assembly as directly-elected legislators following a poll held on Sunday. Angela Leong On Kei, an executive...

9/17/2017

article Economic Uncertainty Returns to Macau as Beijing Escalates Anti-Corruption Drive
(Macau) -- Macau’s economic rebound continues, and even appears to be typhoon-proof. But another ill-wind blew past the Cotai strip last week as analysts warned...
article Stephen Hung’s Ultra-Luxury Macau Resort Nears Completion
(Macau) -- Macau Government Tourism Office (MGTO) Director Maria Helena de Senna Fernandes told reporters on Wednesday that the agency is ready to inspect the property...

9/15/2017

article Anti-graft uptick, credit clouds Macau growth: Bernstein
(Macau) -- Anti-corruption activity in China has “escalated significantly in recent months” and “could have implications on premium spend,”...
article Macau’s unused billions: booming casino taxes sit in govt coffers
(Macau) -- Over the past five years, Macau has raked in US$70 billion (S$94.5 billion) in taxes from the casinos that have made the territory the largest gambling centre...

9/14/2017

article UnionPay cash use a risk to Macau premium mass: study
(Macau) -- The dependence on China UnionPay Co Ltd cards for cash as a source of gambling funds in the Macau market has increased and poses a risk to the premium mass...

9/13/2017

article Doubts raised over Royal Dragon Casino rights
(Macau) -- The emergence of a new casino venue known as the Royal Dragon in Macau has caused surprise among industry observers, with many questioning what terms and...
article UnionPay cash use a risk to Macau premium mass: study
(Macau) -- The dependence on China UnionPay Co Ltd cards for cash as a source of gambling funds in the Macau market has increased and poses a risk to the premium mass...

9/12/2017

article Gambling in Macau brings in overall revenues of US$28.6 billion in 2016
(Macau) -- The global revenues of the 10 gaming and gambling companies in Macau in 2016 totalled 229.00 billion patacas (US$28.6 billion), a contraction of 1.8% compared...

9/11/2017

article A Debate Over a Defunct Casino — and Over Macau’s Identity
(Macau) -- What will become of Lady Luck? In 2015, officials in Macau announced that they planned to redevelop the 1962 Hotel Estoril, the former Portuguese colony...
article Macau's unused billions: booming casino taxes sit in government coffers
(Macau) -- Over the past five years, Macau has raked in $70 billion in taxes from the casinos that have made the territory the largest gambling center in the world.

9/10/2017

article No approval yet for Royal Dragon casino in Macau
(Macau) -- A sign saying “Royal Dragon Casino” (pictured) has recently appeared on a revamped building near the Macao Polytechnic Institute in the downtown...
article Meet Billionaire Stephen Hung, Who Ordered 30 Rolls-Royces But Now In Huge Debt
(Macau) -- Stephen Hung has been a name synonym with luxury, at least in Macau (Macao). His fame spiked – temporarily – when he ordered a mind-boggling 30...
article Unlucky 13: What happened to Hong Kong billionaire Stephen Hung’s Macau casino dream?
(Macau) -- Asked a year ago what the secret of his success was, Hong Kong-born billionaire Stephen Hung was crystal clear. “There is no such thing as luck,”...

9/9/2017

article Qiuming Qin Claims Legendary Red Dragon Trophy at 27th Macau Poker Cup
(Macau) -- The poker room at the City of Dreams Macau casino resort has become a favorite spot for poker action for players from the Asian-Pacific region. What is more,...

9/8/2017

article Inside Gaming: Macau Up in August, Florida Casinos Close Ahead of Irma
(Macau) -- In this week's Inside Gaming, Macau's gaming revenue growth slows a bit though shows yet another monthly increase in August, Florida casinos, race...

9/7/2017

article MGM Cotai opening still intact
(Macau) -- Grant Bowie, chief executive of Macau gaming licence holder MGM China Holdings Ltd, revealed that the US$3.3 billion casino resort MGM Cotai is still expected...
article Three casinos still closed after Macau storm
(Macau) -- Casinos Broadway in Cotai and Legend Palace at Fisherman’s Wharf are still closed following the severe floods caused by Typhoon Hato. Slot machine...
article 2 Macau Casino Stocks With Upside [sub req'd]
(Macau) -- After hosting meetings with six casino operators with business in Macau, the Chinese gambling playground, Credit Suisse reiterated two top stock picks: Galaxy...

9/6/2017

article Amax International signs Cambodia VIP management deal but Macau future in limbo
(Macau) -- Gaming and casino investor Amax International Holdings Ltd says it still considers the gaming license possessed by closed Macau casino Greek Mythology to be...
article Galaxy workers protest in Macau
(Macau) -- Galaxy Entertainment Group Ltd’s employees gathered outside Galaxy Macau on Tuesday to demand a change in their workplace policies, as well as a...

9/4/2017

article Macau’s casinos escape the worst of typhoon season
(Macau) -- Macau’s gambling revenue for the third-quarter revenue is expected to be negatively impacted after a series of typhoons battered the casino hub in...
article Macau junket operator Suncity Group eyeing casino expansion
(Macau) -- Suncity Group, a company that runs VIP betting rooms with monthly stakes exceeding $17 billion and Macau’s leading junket operator, is eyeing new Asian...
article Rise of 60pct in Macau gamblers fined for smoking
(Macau) -- A total of 538 people received cash fines in Macau in the first seven months of 2017 for smoking in unauthorised areas inside the city’s casinos,...

9/3/2017

article Macau casino revenue growth slows after typhoon disruptions
(Macau) -- Macau’s casino revenue growth slowed in August after accelerating for three consecutive months as typhoons disrupted operations in the world’s...

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