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Macau likely to extend SJM, MGM licenses for 2 more years

Contrary to reports, the government of Macau has yet to decide on how the renewal process for concession licenses in the gambling hub will be handled, according to market research firm Union Gaming Securities Asia.

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Macau Gaming

5/23/2017

article Macau sees increase in gaming-related crime
(Macau) -- The rate of gaming-related crime in Macau increased 15% year-on-year in Q1 2017 with a total of 432 suspected cases, according to police data. The Macau...

5/22/2017

article Govt comments on Macau permits unexceptional: academic
(Macau) -- Comments on Friday by Lionel Leong Vai Tac, Macau’s Secretary for Economy and Finance, that a “new tender” would be required at the expiry...
article Macau gaming crime rises 15% thanks to unlawful detentions
(Macau) -- Macau’s crime rate shot upward in the first three months of 2017, in part due to a surge of gamblers trying to pass off counterfeit casino chips as the...

5/21/2017

article Macau casinos cash in again as China’s luxury sector rebounds
(Macau) -- Casino executives in Macau are confident that the slowdown of recent years is behind them amid a broad recovery in luxury goods demand in China.

5/19/2017

article Macau likely to extend SJM, MGM licenses for 2 more years
(Macau) -- Contrary to reports, the government of Macau has yet to decide on how the renewal process for concession licenses in the gambling hub will be handled,...

5/18/2017

article [Herald Interview] Moving toward ‘family friendly’ Macau
(Macau) -- Amid Macau’s gaming revenue comeback this year following three consecutive years of financial blunders, the annual three-day Global Gaming Expo Asia...

5/17/2017

article Macau junkets audit expected by August
(Macau) -- Some of the 40 VIP gambling promoters accounts that have been reviewed by Macau‘s casino regulator so far have proved to have faults, but the severity...
article Macau regulator says cautious on junket licences
(Macau) -- Paulo Martins Chan, the director of Macau’s Gaming Inspection and Coordination Bureau, says the regulator is being cautious in the way it approves...

5/16/2017

article Macau looks to new future of non-gaming amenities
(Macau) -- An industry that once relied heavily on attracting high-rollers and VIP guests, Asia’s city of sin is looking to a new future of non-gambling amenities...

5/14/2017

article What is proxy betting and why is it banned?
(Macau) -- What is proxy betting? Proxy betting, remote betting, telebetting or telephone betting can be loosely understood as when one person outside the casino gives...

5/11/2017

article UnionPay ATM changes might hit casino rev: Macau govt
(Macau) -- Macau’s Secretary for Economy and Finance, Lionel Leong Vai Tac (pictured), has admitted that the city’s casino earnings might be negatively...

5/10/2017

article Macau casinos warned to stay clear of legislative election
(Macau) -- Macau’s Electoral Affairs Commission for the 2017 Legislative Assembly Election has warned the local casino operators not to intervene in the upcoming...

5/9/2017

article Pansy Ho urges Melco to look to Singapore for diversification
(Macau) -- Billionaire businesswoman Pansy Ho says her family’s Asian-based gaming companies should increasingly look to diversify given mainland China’s...
article Top China official urges economic diversification for Macau gaming hub
(Macau) -- China's number three official Zhang Dejiang emphasised the need for Macau, the world's largest gambling hub, to diversify its economy as he arrived on...

5/8/2017

article Macau launches facial recognition checks at ATMs
(Macau) -- Casino hub Macau said Monday it would launch facial recognition and identity card checks on ATM users in what looks to be the latest move against illicit cash...
article Macau proposes new ATM curbs to tackle Chinese capital flight
(Macau) -- Macau is tightening restrictions on the use of ATM cards by mainland Chinese customers as the casino enclave confronts fears that it is being used as a hub...
article Macau to require facial scans at ATMs in Chinese casino hub
(Hong Kong) -- Taking security to a new level, Macau is stepping up security checks at ATMs in the Asian gambling hub by requiring facial scans and ID card verification...

5/7/2017

article Macau Says to Monitor ATM Withdrawals as Casino Revenues Rebound
(Hong Kong) -- Macau plans to add security features to ATMs to monitor withdrawals, authorities in the world's largest gambling hub said as the Chinese territory...

5/5/2017

article Macau keeps gambling on gambling
(Macau) -- The Chinese gambling enclave of Macau has been going gangbusters of late, with gambling revenue rising for a ninth straight month in April.

5/4/2017

article Galaxy Entertainment revenue up 5.2% in Q1 2017
(Macau) -- Galaxy Entertainment, which operates casinos in Macau, has reported a 5.2% increase in gross revenue for the first quarter of 2017. In its quarterly filings...

5/2/2017

article Melco's Billionaire Ho Sees Macau Gaming Returning to Peak
(Macau) -- Macau, the world’s largest gaming center, will return to its peak within the next five years, said Melco Resorts & Entertainment Ltd.’s...

5/1/2017

article Macau gambling revenue rises 16.3 percent in April
(Macau) -- Revenue at the world's biggest casino hub of Macau rose 16.3 percent in April, as new resorts helped draw high rollers and casual gamblers to the country...
article Melco Resort's Ho Makes the Case for a Recovery in Macau
(Macau) -- Melco Resorts Chairman and CEO Lawrence Ho discusses his outlook for the gambling and casino industry in Macau. He speaks on "Bloomberg Daybreak: Asia...
article U.S. casino stocks with Macau exposure rally after Macau revenue beats
(Macau) -- Wynn Resorts stock is up more than 3 percent intraday after Macau's April casino gross gaming revenue rose 16.3 percent, ahead of analysts' consensus...

4/30/2017

article Macau gambling revenue rises more than 16pct in April
(Macau) -- Revenue at the world's biggest casino hub of Macau rose 16.3 percent in April, as new resorts helped draw high rollers and casual gamblers to the country...

4/29/2017

article Macau Casino Cell Phone Ban Still Ignored by Many Gamblers, Profitable Proxy Betting Continues
(Macau) -- One year after Macau issued a dictum barring the use of cell phones in the Chinese gambling enclave’s casinos, players continue to access their mobile...

4/28/2017

article Labor organizations seek more representation in gaming
(Macau) -- Just ahead of the Labour Day holiday, the Conselho Permanente de Concertação Social (Permanent Council for Social Dialogue), or CPCS, is facing criticism for...

4/23/2017

article Macau Junket Operators Being Audited by Local Regulators
(Macau) -- Macau junket operators that bring VIP and high rollers to the special Chinese gambling enclave are being audited by local regulators who are inspecting the...

4/20/2017

article Macau casino GGR to expand 12 pct in 2017: Fitch
(Macau) -- Fitch Ratings Inc is forecasting that Macau gaming revenues will grow by 12 percent year-on-year in 2017. First-quarter growth in casino gross gaming revenue...

4/18/2017

article Macau VIP grows double the speed of mass in 1Q 2017: govt
(Macau) -- Casino gross gaming revenue (GGR) in Macau’s VIP segment expanded by 16.8 percent year-on-year in the first quarter of 2017, according to data released...

4/16/2017

article Macau police hold seven over WeChat operation to take bets on casino games
(Macau) -- Macau police have broken up a multi-million dollar racket in which high-stakes gamblers placed remote real-time bets at the VIP tables of casinos using WeChat...

4/14/2017

article “WeChat” Betting Operation Busted in Macau
(Macau) -- Seven Chinese nationals have been arrested in Macau, accused of operating a highly unusual illegal betting ring involving high stakes baccarat and the Chinese...

4/13/2017

article Macau premium mass growth in 1Q likely 11pct: DB
(Macau) -- Macau’s casino industry is likely to have been strong in the premium mass sector in the first quarter of 2017, says Deutsche Bank Securities Inc. It...

4/12/2017

article Investors place their bets on a Macau turnaround
(Macau) -- Investors are doubling down on Macau casino stocks as the gambling enclave shows signs of a turnaround after reporting gaming revenues grew at the fastest...

4/11/2017

article Macau stocks at highest since Aug 2015: BI index
(Macau) -- The stocks of Macau’s casino operators are at their highest level since August 2015, according to the Bloomberg Intelligence Macau China Gaming Market...

4/10/2017

article DOI Got Casino Land Ruling Right, Calif. Tribe Tells DC Circ. [sub req]
(California) -- The Mechoopda Indian Tribe pressed the D.C. Circuit on Friday to uphold a lower court ruling backing the U.S. Department of the Interior's decision...
article Macau casino stocks in highest level since 2015
(Macau) -- Macau casino stocks are making a comeback since President Xi Jinping launched his anti-corruption campaign. Macau casino stocks in highest level since...
article Macau taxes on gaming up 5pct as of February
(Macau) -- Taxes on gaming accounted for 83.4 percent of all Macau government revenue in the first two months of 2017, according to data issued by the Financial Services...
article Vice stocks are back on top as anti-graft impact fades
(Macau) -- Industries that suffered under President Xi Jinping’s anti-corruption campaign are thriving again. Shares of Macau casino operators have clawed their...
article Macau losing out to casino cruise ships with Hong Kong gamblers
(Macau) -- In Hong Kong, a new government study has reportedly found that gamblers in the former British colony are spending more with the casino cruise ships that leave...

4/9/2017

article Casino hub Macau seeks to draw tourists
(Macau) -- Overseas visitors are an increasingly common sight in China's gambling territory of Macau, which is trying to diversify an economic model that has...

4/7/2017

article Macau’s Luck Is Improving
(Macau) -- Things are looking up for Macau’s gaming industry thanks to high rollers and the government’s easing stance on a casino smoking ban.

4/6/2017

article Imperial Pacific VIP roll picks up again in March
(Macau) -- March’s unaudited VIP gambling rolling chip volume rose 57.1 percent year-on-year at Imperial Pacific International Holdings Ltd’s temporary...
article Macau is second choice for Hong Kong gamblers
(Macau) -- A recent study on the gambling activities of Hong Kong residents has shown that Macau’s integrated resorts are the second choice for inhabitants of the...

4/4/2017

article Macau Casino Revenue Heats Up in March, Stocks Also Benefit
(Macau) -- Macau casino revenue surged in March to more than $2.65 billion, an 18.1 percent increase on the same month in 2016. Gambling operators pulled in 21.23...

4/3/2017

article Casino gambling revenue in Macau rises by 18.1% in March
(Macau) -- March 2017 was the eighth consecutive month to post an increase in gross revenue from Macau’s casinos with 21.232 billion patacas (US$2.654 billion) and...
article Macau Gaming Revenue Grows 18 Percent In March
(Macau) -- Have high-stakes gamblers returned? Macau casinos had one of their best months in recent memory, winning $2.6 billion from gamblers in March. That was an 18...

4/2/2017

article Casino revenue maintains growth momentum as bettors return
(Macau) -- Macau’s casino revenue growth in March accelerated at the fastest pace in eight months, as both high rollers and leisure gamblers return to the world...

4/1/2017

article China’s casino hub Macau gambling revenue rises 18 pct in March
(Hong Kong) -- Revenues from gambling in Macau rose 18 percent in March, beating expectations and posting an eighth consecutive monthly increase as wealthy gamblers took...
article Macau casino GGR up 18pct March, 13pct 1Q: govt
(Macau) -- Casino gross gaming revenue (GGR) in Macau rose by 18.1 percent year-on-year in March, to MOP21.23 billion (US$2.65 billion), according to data from the city...

3/31/2017

article Nomura lifts Macau 2017 growth forecast by 50 pct
(Macau) -- Japanese brokerage Nomura is lifting its year-on-year growth estimates for 2017 Macau casino gross gaming revenue (GGR) by half – a hefty four...

3/29/2017

article Macau works hard to attract non-casino tourists
(Macau) -- Overseas visitors are an increasingly common sight in China’s gambling territory of Macau which is trying to diversify an economic model that has...

3/27/2017

article Casino luck centre stage via strong Macau VIP: analysts
(Macau) -- Several investment analysts are forecasting year-on-year growth of between 12 percent and 16 percent in Macau’s March casino gross gaming revenue (GGR...
article Millennial-style video gaming could be next casino offering
(Macau) -- A new form of gaming might be poised to enter Macau’s casinos in the near future, blending traditional video gaming with betting opportunities.

3/26/2017

article Galaxy Macau 3, 4 to be largely non-gaming: chairman
(Macau) -- “Virtually all” floor areas in Galaxy Macau Phases 3 and 4 will be given over to non-gaming facilities, said the chairman of Macau casino operator...
article Macau Casino Gaming Market Expected To Grow At CAGR Of (3.47)% Between Years 2014-2019
(Macau) -- A casino hosts various types of gambling activities. Today, they house hotels, restaurants, shopping malls, and various other tourist attractions, and can be...

3/18/2017

article "Macau has the best players in the world" - Jake Cody
(Macau) -- We talk to the Triple Crown winner about Macau, his YouTube channel, sponsorship and the PokerStars Championship.
article A safe bet? Macau renaissance after mass market win
(Macau) -- The mood in Macau is buoyant once again. Gaming figures that tanked for more than two years after being hit by an ongoing Beijing corruption crackdown are up...

3/17/2017

article A safe bet? Macau sees renaissance after mass market win
(Macau) -- The mood in Macau is buoyant once again. Gaming figures that tanked for more than two years after being hit by an ongoing Beijing corruption crackdown are up...

3/15/2017

article AL Committee votes in favor of smoking lounges in Macau casinos
(Macau) -- The Law on Prevention and Control of Tobacco Smoke and possible exceptions to the smoking ban in Macau casinos were the topics of discussion at the 10th...

3/14/2017

article Macau GGR expected to moderate in March
(Macau) -- Buckingham Research Group released a report where it’s detailed that the financial results won’t be as good as they were last month. Gross gaming...
article Macau tracking 9pct plus GGR growth March: analysts
(Macau) -- Macau’s casino gross gaming revenue (GGR) for March is likely to grow year-on-year by between 9 percent and 15 percent, according to a selection of...
article Macau Casinos, Health Bureau Try to Find Common Ground on Smoking Lounge Issues
(Macau) -- Macau’s Health Bureau wants to reduce the harmful effects of cigarette smoke on patrons and employees inside casinos, and the agency’s public...

3/11/2017

article House always wins: the dark side of life in Macao’s casino economy
(Macau) -- She paid a smuggler and was tucked into the hold of a ship for the overnight boat ride away from extreme poverty and a dead-end life in rural China. But on...

3/8/2017

article Galaxy Ent announces salary increase effective April
(Macau) -- Macau casino operator Galaxy Entertainment Group Ltd announced on Wednesday a salary increase for its staff. The pay rise will be effective from April, the...
article Macau benefiting from China VIP recovery
(Macau) -- China’s economy is seeing renewed strength in premium activity, driving demand for luxury cars and VIP gaming in Macau, though longer term the outlook...
article Number of Macau casino dealers lowest in 3 years
(Macau) -- Macau’s gaming industry recorded a decline of 580 casino dealers in calendar year 2016, official data show. That was despite the opening of two new...

3/7/2017

article Macau gaming industry has turned a corner: Grant Bowie
(Macau) -- The chief executive of Macau-based casino operator MGM China Holdings Ltd, Grant Bowie, says the city’s gaming industry has turned a corner and...
article Macau gambler scams $100k from bogus VIP room investment
(Macau) -- Two Singaporean investors have learned the hard lesson that, when it comes to investing in Macau casino VIP gaming rooms, the rule is ‘trust, but verify...
article Singaporeans attracted to scam on VIP room investment
(Macau) -- Two female Singaporeans were victims of a scam in an alleged investment scheme in a Macau VIP room, the Judiciary Police (PJ) stated during a press conference...

3/6/2017

article SJM, MPEL bosses flag positive 2017 Macau GGR trend
(Macau) -- The respective bosses of Macau casino operators SJM Holdings Ltd and Melco Crown Entertainment Ltd expect the city’s gaming sector to see positive...
article Macau may benefit from China travel curbs: Sterne Agee
(Macau) -- Macau may benefit from a March 3 decision by Beijing to restrict travel to South Korea, Sterne Agee said in a note. South Korea accounts for 6 percent of...
article Majority in favor of smoking ban: New survey
(Macau) -- Around 68.7 percent of respondents to a new survey by the Macau Gaming Enterprises Staff Association have expressed their desire to work in smoke free casinos...

3/5/2017

article Macau’s regional challengers up their casino game
(Macau) -- Clad in a coat, tie and muddied loafers, Kazuo Okada paused briefly one recent afternoon during his daily rounds through his partially opened $2.4bn casino...

3/3/2017

article Macau Casino Revenue Up 18 Percent Last Month
(Macau) -- The Macau casino industry just had its best month in more than two years. Casinos in the special administrative region of China won a combined $2.88 billion...
article Who’ll have the high hand after Macau’s casino-license shuffle?
(Macau) -- An expiration date is looming for the biggest slot machine in the world. Macau casinos have been the investment opportunity of a generation. Cracked open to...

3/1/2017

article Macau's regional challengers up their casino game
(Philippines) -- Clad in a coat, tie and muddied loafers, Kazuo Okada paused briefly one recent afternoon during his daily rounds through his partially opened $2.4...
article Macau gross revenue grows to highest level in 2 years
(Macau) -- Macau gross gaming revenue surged 18 percent in February to the highest level in more than two years, easing concerns that the rebound on the Chinese island...

2/28/2017

article Macau signals rebound as gambling revenues hit 2-year high in February
(Macau) -- Macau's gambling revenue rose for a seventh month and hit a two-year high in February, in the strongest signal yet the casino hub was firmly on its path...

2/27/2017

article Legend Palace Hotel opens with 66 live-dealer gaming tables
(Macau) -- In Macau, casino operator Macau Legend Development Limited has opened its new 223-room Legend Palace Hotel development in the city’s Fisherman’s...
article Macau reports rise in January gaming tax revenues
(Macau) -- In Macau, the government has reportedly revealed that it raked in $913.26 million in taxes from gambling last month, which was a 7.7% increase year-on-year,...

2/26/2017

article Journey To The New Macau Needs More Than Improved Transportation
(Macau) -- Macau’s future is arriving by train, plane, bridge and ferry. A series of reports from boutique investment bank Sanford Bernstein suggest that ongoing...
article Macau lifted by Chinese high rollers flush from home prices
(Macau) -- Chinese high rollers are pulling Macau out of its doldrums, helping reverse the gambling Mecca's two-year slump with cash created by soaring real estate...

2/24/2017

article Macau government counters criticism on casino smoking ban stance
(Macau) -- In Macau, the government has reportedly rejected allegations that it intends to bow to pressure from casino operators and keep smoker-friendly lounges while...

2/23/2017

article Billionaire Casino Owner Lawrence Ho Has The Opportunity Of A Lifetime
(Macau) -- For Melco Crown Entertainment Chairman and CEO Lawrence Ho, the year of the rooster presents great opportunities and great dangers. He’s a rare Hong...
article Kapok | Smoking gun
(Macau) -- Is it me or are we being treated worse than headless chickens with tar-filled lungs? An opinion survey on to smoke or not to smoke in casinos conducted by the...

2/21/2017

article China paranoia will continue to hammer Macau
(Macau) -- Never underestimate Chinese paranoia. The degree to which the Chinese government can shoot itself in the foot has no bounds. Give them a reason to be paranoid...
article Macau not kneeling to casinos on smoking: Chief Executive
(Macau) -- Macau’s Chief Executive, Fernando Chui Sai On, said on Wednesday he was not aware of any final decision regarding a proposal to retain smoking lounges...
article Tourism boom already driving Macau growth, Nomura
(Macau) -- Casino giants are starting to benefit from stable growth in Macau’s tourist numbers, as the gaming industry increasingly depends on casual gamblers...

2/20/2017

article Casino CEO Says RV Park Is Part Of “Continuing Commitment” To Rising Sun
(Indiana) -- The owner of Rising Star Casino in Rising Sun says it will continue to invest in the southeastern Indiana riverboat. Full House Resorts on Friday issued an...
article Chinese high rollers make a comeback in Macau
(Macau) -- Reports coming out of Macau show that high rollers seem to have bounced back from a crackdown introduced by Chinese President Xi Jinping in his desire to...
article Gaming – Threat from the East
(Macau) -- Macau still stands unchallenged as the world’s gaming leviathan. Even after a 26-month-long recession in the city’s dominant industry that only...
article Legend Palace Hotel to open in Macau from next week
(Macau) -- In Macau, the boss for Macau Legend Development Limited has reportedly revealed that his firm intends to open its new Legend Palace Hotel complete with a...

2/19/2017

article Casino hotel Legend Palace opening Macau Feb 27: CEO
(Macau) -- Casino hotel Legend Palace – the latest property from Hong Kong-listed casino services firm Macau Legend Development Ltd – is to open on February...
article Chinese high rollers back to Macau as graft crackdown slows
(Macau) -- China’s gamblers are flocking back to the world’s gaming hub on the country’s doorstep, as high-stakes gamers have had time to absorb the...
article Macau casino GGR 6pct compound growth to 2019: report
(Macau) -- Macau is likely to record an overall 6 percent compound annual growth rate in casino gross gaming revenue (GGR) in 2017 to 2019 inclusive – with the...
article Macau Casinos Get Reprieve on Indoor Smoking Ban
(Macau) -- The Macau government is easing its position on smoking inside casinos, and that’s much-welcomed news to resort operators who are desperately trying to...

2/18/2017

article Death by Selfie: How Kim Jong-nam’s Facebook ‘Casino Selfies’ May Have Done Him In
(Macau) -- As the shocking facts of the murder of Kim Jong-nam, the half-brother of North Korean dictator Kim Jong Un, continue to unfold, it’s looking more and...
article Macau Casino Stocks Look for Recovery After Losing $146 Billion
(Macau) -- From Bloomberg to Barron’s, market commentators are issuing stern warnings on the overall health of the Macau gaming and hospitality sectors. Multiple...
article Warning Signs Are Flashing for Macau Casino Stocks - Again
(Macau) -- The last time investors were this optimistic about Macau casino stocks, it didn’t end well. Back then, in 2014, bulls misread a Chinese anti-corruption...

2/17/2017

article Sands China gambling revenue drops, The Parisian rakes in US$353m
(Macau) -- Sands China (1928) said casino revenues for the year ended December 31, 2016 dropped by 2.8 percent to US$5.57 billion, compared with US$5.74 billion for the...
article Kim Jong Nam lived quiet but open life in Macau, say sources
(Macau) -- Before he was killed in Malaysia, Mr Kim Jong Nam, the estranged half-brother of North Korea's leader, lived quietly in the Asian gambling hub of Macau,...
article Macau casino stocks flash warnings that preceded 2014 crash
(Hong Kong) -- The last time investors were this optimistic about Macau casino stocks, it didn't end well. Back then, in 2014, bulls misread a Chinese anti-...

2/16/2017

article Macau Casinos Will No Longer Have To Worry About Blanket Smoking Ban
(Macau) -- Macau’s six major casino operators will be certainly relieved after the government announced earlier this week that it will no longer be proceeding with...

2/14/2017

article Low risk for Macau of enhanced China anti-graft action: IMF
(Macau) -- The International Monetary Fund (IMF) says in its latest Macau report it thinks there is a “low” risk of further policy tightening in mainland...
article Macau govt U-turn as smoking lounges kept in casinos
(Macau) -- Macau’s Health Bureau announced on Wednesday a proposal to retain smoking lounges in the city’s casinos, dropping a previous plan to implement a...

2/13/2017

article Macau casinos set for ‘single-digit’ growth rebound in 2017, but vulnerable to China’s capital control
(Macau) -- Macau’s gaming industry has shown signs of life and will see a swing to positive single-digit growth in 2017, but optimism may be restrained by mainland...

2/12/2017

article Macau's Casinos Set For 'single-digit' Growth Rebound In 2017, But Vulnerable To China's Capital Control
(Macau) -- Macau's gaming industry has shown signs of life and will see a swing to positive single-digit growth in 2017, but optimism may be restrained by mainland...

2/9/2017

article Macau gaming revenue projected to grow nearly 10 percent in 2017
(Macau) -- Macau gaming revenue is projected to grow nearly 10 percent in 2017, driven by new casino openings and an improving Chinese VIP segment, according to a new...
article Cambodian casino operator raises bet on Chinese market
(Hong Kong) -- NagaCorp, which holds a casino monopoly in Phnom Penh, is doubling down on the Chinese market, despite that country's slowing economy and continuing...

2/8/2017

article Junket investor Iao Kun shifts focus to non-gaming sector
(Macau) -- Macau casino junket investor Iao Kun Group Holding Company (IKGH) is set to test the technology sector with its major acquisition of a Chinese-tech firm.

2/6/2017

article Sands China confirms CFO Stephen Law’s departure
(Macau) -- Macau casino operator Sands China Ltd has confirmed to GGRAsia that Stephen Law Cheuk Kin has left the role of chief financial officer (CFO) for the company.
article Would AI become a huge threat for casino operators?
(Hong Kong) -- Two news items about card games caught my attention recently. One is about a Chinese woman who took away about HK$160 million in winnings from baccarat...

2/5/2017

article Macau gaming firms at ICE 2017 studying virtual reality
(UK) -- A delegation from Macau’s gaming industry will attend this year’s International Casino Exhibition (ICE), an industry trade show (pictured in a file...

2/4/2017

article Macau Is Growing Up -- Here's What's New in the Chinese Gaming Mecca
(Macau) -- Macau's resort landscape has grown substantially in the last year, even though its gaming revenue has suffered so much since 2014. Fool contributor and...

2/2/2017

article Despite Road Bumps, Chinese Casinos Will Still Rebound
(Macau) -- Even though Macau gaming revenues grew a lower-than-expected 3% in January, a recovery for the casinos there is still in the works. Shares of major U.S.-...
article Macau Gaming Growth Misses Estimate With Slow Holiday Start
(Macau) -- Casino revenue growth in Macau slowed in January, falling short of analysts’ estimates in what may be a bumpy recovery from a two-year slump for the...
article Macau Stocks: Gambling on the Future of China's Casino Mecca
(Macau) -- Macau has an interesting story. This relatively small island off the coast of China that was once under Portuguese control has a history of pirates, military...

2/1/2017

article Macau casino growth continues
(Macau) -- Casino revenue in Macau increased last month, extending the industry’s recovery to a sixth consecutive month, while falling short of analysts’...
article Macau Casino Market Grows In January
(Macau) -- Gaming revenue in the only place in China where gambling is legal grew three percent in January to $2.4 billion, according to data from the Macau government.

1/31/2017

article Casino GGR up 3pct in Jan: Macau govt
(Macau) -- Casino gross gaming revenue (GGR) in Macau rose by 3.1 percent year-on-year in January to MOP19.26 billion (US$2.41 billion), according to data from the city...
article Macau gambling revenue rises 3.1 percent in January to $2.4 billion
(Macau) -- The world's biggest casino hub of Macau posted a 3.1 percent rise in gambling revenue in January as demand in China's only legal casino hub gained...
article Primer on Macau – the Orient’s Las Vegas
(Macau) -- Macau’s economy is based on tourism and gambling, much like its counterparts in the US – Las Vegas and Atlantic City. These three places, combined...

1/30/2017

article Outlook for casinos clouded by China arrests
(China) -- The arrest in China of Crown Resorts employees, including an executive responsible for international VIPs, has focused attention on China's efforts to...

1/29/2017

article Macau’s Casinos Are Betting on Lunar New Year Travel to Boost Bookings
(Macau) -- Casino operators are wagering that high-roller and recreational gamblers alike will be spending their “lai see” money in Macau as hotel rooms fill...

1/27/2017

article Macau Hotels Booked Out as Casinos Bet on Holiday Gamblers
(Macau) -- Casino operators are wagering that high-roller and recreational gamblers alike will be spending their “lai see” money in Macau as hotel rooms fill...

1/24/2017

article Bet on China's Middle Class to Propel Macau's Next Gambling Boom
(Macau) -- For many gamblers in the U.S., Las Vegas is the center of the universe. But despite its outsize reputation, Las Vegas is small potatoes next to Macau, the...
article Strong Macau casino hotel bookings for upcoming CNY
(Macau) -- Occupancy levels for most of the hotels in casino properties in Macau are likely to be strong during the coming Golden Week surrounding the Chinese New Year...
article Gov’t says casino executives should be 85 percent from Macau this year
(Macau) -- The Legislative Assembly (AL) gathered yesterday afternoon in a plenary session exclusively dedicated to replies from the government to spoken enquiries from...
article Tourism sector ends 2016 on high note
(Macau) -- There were 2,814,450 visitor arrivals in December 2016, according to information released yesterday by the Statistics and Census Service (DSEC), up by 6.8...

1/23/2017

article Here's Why Macau Exposure Could Help U.S. Casino Stocks Today
(Macau) -- The Macau gaming region experienced an 6.8% increase in December visitation, sending Hong-Kong traded casino stocks higher on Monday and that may affect...
article Macau junket numbers cut to circa 120 in 2017: DICJ
(Macau) -- Macau’s casino regulator, the Gaming Inspection and Coordination Bureau – also known by its Portuguese acronym DICJ – is to authorise...

1/22/2017

article Ex-SLS head Kreeger heeds the call of Macau
(Macau) -- Former SLS Las Vegas President and Chief Operating Officer Scott Kreeger is known for his knowledge of the Las Vegas gaming market. He has taken his expertise...
article Father and son found dead in Macau's Galaxy casino complex
(Macau) -- Detectives are investigating what appears to have been a suicide pact involving an Indian family of four after the bodies of a father and son were discovered...
article Macau Rising: Cotai Hotels Fully Booked For Chinese New Year
(Macau) -- Will Macau’s gaming industry be able to cash in on Chinese New Year celebration? All the big hotels in the new Cotai Strip in Macau are fully booked for...

1/20/2017

article Macau rogue transactions see five-fold increase, but insiders say it could be ten times higher
(Macau) -- Gaming industry insiders say the number of rogue transactions in Macau could be just the tip of a “very big iceberg’’ after authorities...

1/19/2017

article 2016 provides record number of visitors to Macau
(Macau) -- The Macau Government Tourism Office held an annual press conference this week, which resulted in statistics provided, including the fact that 2016 was a...
article Macau Casino Industry Overview: 2014-2016
(Macau) -- The first thing that pops into everyone’s mind when they hear ‘Macau’ is casinos. Lavish casinos, dozens of them, spread across the special...
article MGM Cotai opening delayed for a third time
(Macau) -- In Macau, the opening date for the giant MGM Cotai has reportedly been pushed back for a third time with operator MGM China Holdings Limited now not expecting...

1/18/2017

article Macau VIP Segment Grows 13 Percent as High Rollers Return
(Macau) -- Macau’s VIP industry is showing signs of resurgence, as Chinese high rollers return to the high stakes baccarat tables of the world’s gambling...

1/16/2017

article Analysts, Macau govt data differ on market GGR split
(Macau) -- A disparity between Macau’s official casino gross gaming revenue (GGR) figures by product segment and the view of some sections of the investment...
article Casino-linked crime up 19 pct in 2016: Macau police
(Macau) -- Macau recorded a total of 1,851 casino-related crimes in full-year 2016, up by 19.2 percent from the previous year, the director of the Judiciary Police Chau...
article Gaming shake-up in Macau prompts calls for taxation rethink
(Macau) -- The ongoing shake-up of gaming in Macau and the emergence of competition elsewhere in Asia has sparked calls for a rethink on casino tax collection in the...
article Macau’s High-Stakes Gambling Rebounding After Two-Year Slump
(Macau) -- Chinese high-rollers are finally returning to Macau, two years after an anti-corruption crackdown by China’s government scared many of them away from...

1/15/2017

article Beijing Imperial Palace returns hotel license
(Macau) -- The Beijing Imperial Palace Hotel (formerly known as New Century Hotel) may be permanently closed following the property owners’ admission of their...
article Closed Macau hotel hands ops permit back to govt
(Macau) -- A shuttered five-star Macau hotel, Imperial Beijing Palace Hotel (pictured), on Taipa, is said to have handed back its operating licence to the city’s...
article Macau govt open to discuss casino tax change: DICJ
(Macau) -- The Macau government is open to discussing a potential change in gaming tax rates ahead of any renewal of the concessions of the city’s six casino...

1/14/2017

article New survey sheds light on Macau gambling market
(Macau) -- A new survey has indicated that gambling remains the main reason most mainland Chinese tourists visit Macau although non-gaming activities are increasingly...

1/12/2017

article Macau Casinos Lead Declines in Hong Kong Amid Revenue Concerns
(Macau) -- Casino stocks dragged Hong Kong’s benchmark equity index lower by the most in three weeks as investors weighed whether Macau gaming revenue forecasts...
article Macaus’s Relies on Tourism to Keep Wheels Turning
(Macau) -- Despite seeing 5 consecutive monthly winnings last year, Macau still reported a drop in annual revenue for the third time. This resulted in stock prices being...
article Gaming expert recommends Macau lower casino tax rates
(Macau) -- In Macau, a local gaming expert has reportedly recommended that the government should consider lowering the tax rate on VIP gaming revenues in order to ensure...
article Debate on Macau casino staff gambling ban ongoing: DICJ
(Macau) -- Macau’s gaming regulator, the Gaming Inspection and Coordination Bureau – also known by the Portuguese acronym DICJ – is planning to “...
article Macau’s casino employees go on strike
(Macau) -- Casino workers in Macau went on strike in order to demand a 5% pay increase, along with new legislation that would benefit trade unions.

1/9/2017

article Wynn Palace has yet to avail of 25 extra gambling tables
(Macau) -- Officials of the Gaming Inspection and Coordination Bureau (DICJ) are still waiting for Wynn Macau to request the 25 extra gambling tables for its Wynn Palace...

1/8/2017

article Look for further ‘Vegasization’ of Macau in 2017
(Las Vegas) -- Lost in some of the commentary about what’s ahead for the gaming industry in 2017 is the ongoing “Las Vegasization” of Macau. Bo...
article Outlook For Macau Remains Rosy As Asia's Gaming Hub Banks On Tourism
(Macau) -- Macau ended 2016 with a fifth straight winning month. But the global casino capital’s gaming revenue finished lower for the third straight year, stock...
article Tightening Macau policy overhangs GGR growth: Daiwa
(Macau) -- Macau’s current policy environment poses a potential threat to 2017 gross gaming revenue growth in the city’s casino sector, says Japanese...

1/7/2017

article Are There Too Many Macau Casino Rooms or Not Enough?
(Macau) -- After a fifth straight month of rising gaming revenues, the Macau casino recovery appears to be back on track, but can the effort be sustained enough to...

1/6/2017

article Macau Gambling Revenue Falls for Third Consecutive Year
(Macau) -- Gambling revenue in Macau fell for the third consecutive year in 2016 as the effects of a prolonged anti-corruption campaign and slowing economic growth...

1/5/2017

article China's middle class will drive Macau's next gaming boom
(Macau) -- For many investors—and gamblers—Las Vegas is the centre of the universe. But Las Vegas is small stakes compared to Macau, the island close to...
article Macau Gambling Industry Continues to See Increased Revenue
(Macau) -- Gambling revenue in the Chinese territory of Macau fell for a third year in a row in 2016 as a prolonged anti-corruption campaign and slowing economic growth...
article Macau police arrest 23 over rogue UnionPay terminals
(Macau) -- The Judiciary Police and Monetary Authority of Macau jointly conducted on Thursday raids against the suspected use of illegally-modified handheld China...

1/4/2017

article Anthony Cabot: Macau should bring in new players
(Macau) -- In this interview with CalvinAyre.com’s Stephanie Raquel, Anthony Cabot of Lewis Roca Rothgerber Christie LLP how Macau can sustain its renewed growth.

1/3/2017

article Gaming revenue extends recovery to rise 8 percent in December
(Macau) -- Casino revenue in Macau increased in December, extending the industry’s recovery to a fifth month as the Chinese gambling hub’s efforts to...
article Macau gambling revenue falls 3.3 percent in 2016, 3rd year in a row
(Macau) -- Gambling revenue in the Chinese territory of Macau fell for a third year in a row in 2016 as a prolonged anti-corruption campaign and slowing economic growth...
article Macau reveals lower gaming revenue losses in 2016
(Macau) -- The Macau Gaming Inspection and Coordination Bureau has announced a softening of gaming industry losses during 2016. The 223.2 billion patacas (€26.7...
article Scrutiny of currency transactions sends casinos slumping
(Macau) -- Macau casino operators can’t catch a break. Just as gambling revenue in the tiny enclave starts to recover from a two-year slump, concern is building...

1/2/2017

article December marks fifth month of Macau recovery
(Macau) -- December marked the fifth month in a row that Macau’s gambling economy showed year-on-year increases, but the first seven months of the year still...
article Signs are good for a strong 2017 Macau winning streak
(Macau) -- Macau’s gaming revenues are poised to end a multi-year losing streak this year – but experts still warn the central government’s ongoing...
article Betting on the machine
(Macau) -- Research firm Technavio estimates that the global casino gaming equipment market will grow ‘rapidly’ at a compound annual growth rate of more than...
article Casino op SJM extends bonus plan to 2017: labour group
(Macau) -- Employees of Macau-based casino operator SJM Holdings Ltd are to receive for 2017 an annual bonus – referred to by the company as a yearly “living...

1/1/2017

article Macau casino GGR falls 3 pct full-year 2016: govt
(Macau) -- Macau’s accumulated casino gross gaming revenue (GGR) for full-year 2016 fell 3.3 percent compared to the tally for 2015, according to data released on...
article Macau gambling revenue falls 3.3 pct in 2016, 3rd year in a row
(Macau) -- Gambling revenue in the Chinese territory of Macau fell for a third year in a row in 2016 as a prolonged anti-corruption campaign and slowing economic growth...
article Macau Gaming Revenue Extends Recovery to Rise 8% in December
(Macau) -- Casino revenue in Macau increased in December, extending the industry’s recovery to a fifth month as the Chinese gambling hub’s efforts to...

12/31/2016

article Asia's Casinos In 2017 Won't Just Be About China Anymore
(Macau) -- Happy new year. After largely successful forecasts for 2016, let’s highlight what won’t happen in Asia’s casino business this year. Macau...

12/30/2016

article Chinese national jailed for theft and cheating at MBS casino
(Macau) -- A Chinese national was jailed 14 weeks for committing theft and cheating at the Marina Bay Sands (MBS) casino. Wu Menghu pleaded guilty Friday (30 December)...
article Gambling taxes now account for almost 78% of all Macau government revenues
(Macau) -- The government of Macau has reportedly revealed that it raked in $9.11 billion from gambling taxes over the first eleven months of 2016 with the amount...

12/29/2016

article Marina Bay Sands’ UnionPay voucher program risks Beijing’s ire
(Macau) -- Casino operator Las Vegas Sands’ policy of allowing Chinese gamblers to use their UnionPay bank cards to purchase casino chips at its Singapore resort...

12/28/2016

article Tourists Set to Spark Macau Casino Revival in 2017
(Macau) -- Macau’s efforts to reinvent itself with a Hollywood-themed resort and a half-size Eiffel Tower replica has drawn a surge in tourists from beyond China,...

12/27/2016

article Macau junket operators plan to launch central credit database
(Macau) -- The Macau Association Of Gaming And Entertainment Promoters has reportedly established a central database that is capable of tracking the credit issued by...
article Macau’s gaming industry to see better days in 2017, says Morgan Stanley
(Macau) -- Investment bank Morgan Stanley raised its expectation for Macau revenue growth in 2017 on new casino openings and better infrastructure, but warned of risks...

12/21/2016

article Macau sees higher November hotel occupancy rate as average room price drops
(Macau) -- The average daily hotel occupancy rate in Macau increased by 6.6% year-on-year last month to hit 91.6% while the median price for a three-star to five-star...

12/20/2016

article Macau's VIP gaming segment shows signs of recovery, one expert says
(Macau) -- High-rollers are mustering up the courage to return to Macau casinos, while the mass market gaming segment continues to show momentum, a gaming expert told...
article Macau’s dog racing track gets concession renewed
(Macau) -- Macao (Yut Yuen) Canidrome Co Ltd, which operates Macau’s greyhound racing track, had its licence renewed until July 20, 2018, according to an executive...

12/19/2016

article Japan potentially a strong competitor against Macau, says expert
(Macau) -- An industry expert has said that Japan’s legalization of gambling in integrated Resorts could potentially cause a threat to the MSAR’s economy,...

12/17/2016

article China Didn't Just Kill Macau's Rally, but These Casinos Still Need to Worry
(Macau) -- Macau looks like it may still be winning after Beijing implemented new currency controls, but it could shake the foundations of the casino industry once more.

12/15/2016

article Macau casino market to finish 2016 on a high due to VIP recovery
(Macau) -- In Macau, gaming industry experts have predicted that aggregated gross gaming revenues for December could rise by as much as 14% year-on-year to top $2.5...
article Macau Casino Smoking Fines Up Nearly 36 Percent in 2016, as Chinese Gamblers Keep on Puffing
(Macau) -- Macau casino smoking fines are up 35.7 percent through the first 11 months of 2016. Macau’s Health Bureau reports that 585 people have been issued...

12/14/2016

article Macao gambling firms’ trip to red site met with amusement, anger online
(China) -- A group of some 60 staff members from Macao's casino industry recently visited red site Jinggangshan for a one-week patriotic course, sparking discussions...

12/11/2016

article Tiny Pacific island soaks up Chinese gambling cash
(China) -- The sleepy Pacific island of Saipan is the latest hotspot for floods of Chinese cash after a casino set up by a former Macau junket operator started...

12/10/2016

article China gamblers’ boom moving on from Macau
(Saipan) -- For evidence of the odds stacked against China’s battle to stop the flight of cash battering its currency and draining its reserves, look no further...
article OP/ED: Why Wynn Lost and Las Vegas Sands Won in Macau
(Macau) -- The opening of the new Wynn Palace in Macau is credited with halting the two-year slide in the region's gaming revenues, but it couldn't maintain the...

12/9/2016

article Macau Gaming Watchdog Says Revenue Growth May Revive in 2017
(Macau) -- Macau’s gaming revenue may grow next year as casinos’ efforts to lure more mass-market gamblers take hold and the city tightens regulations on...
article Up and away
(Macau) -- Gross gaming revenues for the whole year of 2016 are estimated to post a 3.1 per cent year-on-year dip, according to an analyst at Deutsche Bank, continuing...
article Macau clarifies new UnionPay withdrawal limits
(Macau) -- Macau’s financial authority has refuted reports that it plans to impose new daily limits on UnionPay bank card withdrawals from Macau ATMs.
article Macau eases gambling crackdown concerns after casino shares tumble
(Macau) -- Macau, the world's biggest gambling hub, moved on Friday to clarify it had not tightened daily cash withdrawal limits for Chinese gamblers, after fears of...
article Macau gaming regulator predicts positive future for local casino industry
(Macau) -- The head of Macau’s gaming regulator has reportedly explained that he expects the city’s casinos to post improved year-on-year aggregated gross...
article Macau govt eyes US$25mln in taxes from junkets in 2017
(Macau) -- The Macau government plans to pocket MOP200 million (US$25 million) next year in taxes on commissions paid by casinos to junkets, according to its 2017 budget...
article Number of suspicious transaction reports rise 22.9 percent in 16H1
(Macau) -- Macau’s Financial Intelligence Office received a total of 1,118 suspicious transaction reports during the first half of 2016, a surge of 22.9 percent...

12/8/2016

article Casino stocks fall as Macau prepares to slash ATM withdrawal limits
(Macau) -- Casino stocks have taken a significant hit on the money markets after the South China Morning Post revealed that Macau is about to slash in half the amount of...

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