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Macau government extends MGM Resorts license to 2022

MGM Resorts International has been authorized to continue operating casinos in the Chinese gambling enclave of Macau. The company says the Macau government extended the gambling license of its China unit to June 2022. The casino giant will pay the government $24.7 million.

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Macau Gaming

9/18/2019

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 China – Macau’s incoming Chief Executive pours doubt on further satellites and sub concessions
(Macau) -- Macau’s incoming Chief Executive Ho Iat Seng has lent his support to an upper limit on the number of casino licences allowed in the upcoming revision of...

9/17/2019

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

9/16/2019

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

9/13/2019

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

9/12/2019

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

9/11/2019

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

9/10/2019

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

9/8/2019

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

9/6/2019

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

9/5/2019

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

9/4/2019

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

9/3/2019

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

9/2/2019

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

9/1/2019

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

8/31/2019

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

8/29/2019

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

8/28/2019

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

8/27/2019

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

8/24/2019

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

8/23/2019

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

8/22/2019

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

8/20/2019

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

8/19/2019

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

8/13/2019

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

8/12/2019

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

8/11/2019

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

8/9/2019

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

8/7/2019

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

8/5/2019

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

8/1/2019

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

7/31/2019

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

7/30/2019

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

7/25/2019

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

7/24/2019

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

7/23/2019

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

7/22/2019

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

7/21/2019

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

7/18/2019

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

7/17/2019

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

7/16/2019

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

7/15/2019

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

7/14/2019

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

7/13/2019

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

7/11/2019

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

7/10/2019

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

7/9/2019

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

7/8/2019

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

7/7/2019

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

7/5/2019

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

7/4/2019

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

7/3/2019

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

7/2/2019

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

7/1/2019

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

6/30/2019

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

6/29/2019

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

6/28/2019

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

6/27/2019

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

6/26/2019

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

6/25/2019

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

6/20/2019

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

6/19/2019

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

6/18/2019

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

6/17/2019

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

6/14/2019

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

6/12/2019

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

6/11/2019

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

6/10/2019

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

6/9/2019

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

6/7/2019

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

6/5/2019

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

6/3/2019

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

6/1/2019

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

5/31/2019

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

5/30/2019

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

5/29/2019

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

5/28/2019

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

5/26/2019

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

5/25/2019

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

5/23/2019

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

5/22/2019

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

5/21/2019

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

5/20/2019

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

5/19/2019

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

5/16/2019

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

5/14/2019

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

5/13/2019

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

5/10/2019

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

5/9/2019

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

5/7/2019

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

5/6/2019

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

5/5/2019

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

5/2/2019

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

5/1/2019

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

4/30/2019

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

4/29/2019

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

4/28/2019

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

4/27/2019

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

4/26/2019

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

4/25/2019

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

4/24/2019

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

4/23/2019

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

4/22/2019

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

4/19/2019

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

4/18/2019

article Beijing nods Hengqin’s tourism island proposal
(Macau) -- The details in a proposal to develop Hengqin as a tourism island, and so complement neighbouring Macau’s tourism effort, have been approved by China...
article No need to delay gaming licences tender: Macau govt
(Macau) -- Macau’s Chief Executive, Fernando Chui Sai On (pictured), says there is no need to delay the launch of a fresh public tender process for gaming rights...

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