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Macau Studio City unit prices issue of new debt at 100pct

Studio City Finance Ltd has set the price of new debt it is issuing. The firm has priced the US$600 million worth of 7.25 percent senior notes due 2024 at 100 percent. Studio City Finance is a wholly-owned subsidiary of Studio City International Holdings Ltd, the latter being the controlling entity of the Studio City casino resort (pictured) in Macau’s Cotai district.

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Macau Gaming

5/19/2019

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

5/16/2019

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

5/14/2019

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

5/13/2019

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

5/10/2019

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

5/9/2019

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

5/7/2019

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

5/6/2019

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

5/5/2019

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

5/2/2019

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

5/1/2019

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

4/30/2019

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

4/29/2019

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

4/28/2019

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

4/27/2019

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

4/26/2019

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

4/25/2019

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

4/24/2019

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

4/23/2019

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

4/22/2019

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

4/19/2019

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

4/18/2019

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

4/16/2019

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

4/15/2019

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

4/11/2019

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

4/9/2019

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

4/8/2019

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

4/7/2019

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

4/5/2019

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

4/4/2019

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

4/3/2019

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

4/2/2019

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

4/1/2019

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

3/31/2019

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

3/28/2019

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

3/27/2019

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

3/26/2019

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

3/25/2019

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

3/23/2019

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

3/22/2019

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

3/21/2019

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

3/19/2019

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

3/16/2019

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

3/15/2019

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

3/14/2019

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

3/13/2019

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

3/12/2019

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

3/11/2019

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

3/10/2019

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

3/9/2019

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

3/8/2019

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

3/7/2019

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

3/6/2019

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

3/5/2019

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

3/4/2019

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

3/3/2019

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

3/1/2019

article Gaming Stocks Mixed As Macau Gets Back Into The Black
(Macau) -- Gaming stocks Wynn Resorts (WYNN), Las Vegas Sands (LVS), MGM Resorts (MGM) and Melco Resorts & Entertainment (MLCO) were mixed after resurgent high-...
article Macau Casinos Rebound With 4.4 Percent February Gain, Win Totals $3.14B
(Macau) -- Macau casinos bounced back from a disappointing January with a 4.4 percent gross gaming revenue (GGR) win in February.
article Top Chef Power Rankings, Week 13: Mansplaining Curry In Macau
(Macau) -- This week on Top Chef, the remaining five chefs all hopped on a plane to travel to Macau (where da fuq you at, MA-CAU), the Portuguese-run, barely-legal...

2/28/2019

article Macau casino revenue edges up 4.4% in Feb, outlook hazy
(Macau) -- Gambling revenue in the Chinese territory of Macau rose 4.4 per cent in February due to resurgent high-roller activity after the new year holiday week but...

2/27/2019

article IMF: Macau should use gaming concessions to promote non-gaming tourism
(Macau) -- In about two years, the six gaming concessions in Macau will begin to expire—some in 2020 and some in 2022. Since the concessions cannot be renewed, as...
article Macau Dances the Chinese Tango
(Macau) -- Gaming revenues in Macau have stagnated lately. It is difficult to put a finger on the exact cause partly because the city is a mixture of government systems...

2/26/2019

article Macau Loansharking and Financial Fraud Cases Soar in 2018, as Casinos Adhere to New Regulatory Policies
(Macau) -- Arrests in and around Macau casinos for loansharking and financial fraud skyrocketed last year, as the enclave’s Security Secretary Wong Sio Chak...
article Paul Phua beats illegal sports betting charges in Macau
(Macau) -- Malaysian online poker and betting whale Wei Seng ‘Paul’ Phua has reportedly beaten the illegal sports betting charges filed against him in Macau...

2/21/2019

article Daisy Ho: Shareholder Alliance Will Bolster SJM Holdings’ Pursuit of New Macau License
(Macau) -- Daisy Ho, chairman of Macau casino giant SJM Holdings and daughter of casino tycoon Stanley Ho, told Bloomberg this week a new alliance among shareholders...
article Macau’s gaming tax revenue for 2018 jumped 14%
(Macau) -- 2018 brought good things to Macau’s government coffers. According to data published by the city’s Financial Services Bureau, the government...

2/20/2019

article Macau raises more than US$13 billion in direct taxes on gambling in 2018
(Macau) -- Macau raised 106.781 billion patacas (US$13.3 billion) in direct taxes on gambling in 2018, according to data provided by the Financial Services Bureau (DSF...

2/19/2019

article Beijing unveils GBA development plan
(China) -- The central authorities yesterday unveiled the outline development plan for the Guangdong-Hong Kong-Macau Greater Bay Area, aiming to develop the region into...
article Macau | Brokerages forecast February GGR to be in the range of 2 to 6 pct higher y-on-y
(Macau) -- Estimates sent by brokerages Deutsche Bank and Sanford C Bernstein place February estimates for gross gaming revenues (GGR) from a range of 2 per cent to 6...
article Melco Q4 revenue gains 5 percent
(Macau) -- Melco Resorts & Entertainment reported a 5 percent gain in Q4 revenue, attributing the increase to higher group-wide rolling chip and mass market table...

2/18/2019

article Macau Fishermanˈs Wharf Introduces Non-Gambling Entertainment
(Macau) -- Over the years, Macau Fishermanˈs Wharf has been one of the major casino communities. Changes are expected to come soon as the operator wants to concentrate...

2/15/2019

article Francis Lui Is The Unlikely New Face Of Macau Gaming
(Macau) -- Galaxy’s evolution from a company that “didn’t deserve” a gaming concession, according to Macau’s casino liberalization chief,...
article Non-gaming activities to expand in Macau’s Fisherman’s Wharf
(Macau) -- Macau Fisherman’s Wharf has been a staple of the city’s casino community. This could soon change, though, as the operator of the complex looks to...

2/14/2019

article Cotai boosts MGM China rev, firm eyes more market share
(Macau) -- Macau casino operator MGM China Holdings Ltd reported fourth-quarter revenue of HKD5.38 billion (US$685.1 million), up 33.2 percent from the prior-year period...
article Gaming magnates slip in Forbes list of HK richest
(Macau) -- The six billionaires with gaming interests in Macau again feature prominently in this year’s Hong Kong’s 50 Richest People – although their...
article Macau Fisherman’s Wharf to offer more non-gaming: exec
(Macau) -- The operator of the waterfront casino resort complex Macau Fisherman’s Wharf is looking to introduce more non-gaming elements this year, in a bid to...

2/13/2019

article China Lowers Economic Growth Target, Macau Casinos Prepare for Slowdown
(Macau) -- China has lowered its economic growth target for 2019 to 6-6.5 percent, which would be the country’s lowest expansion in 29 years. As a result, Macau...
article Head of Macau's legislature considering CE bid
(Macau) -- The head of Macau's legislature, Ho Iat-seng, said on Wednesday that he's "cautiously considering" entering the race to be the SAR's...
article Hong Kong's Richest 2019: Lawrence Ho Expands His Empire Across Asia And To Europe
(Macau) -- Lawrence Ho, son of Macau gaming tycoon Stanley Ho, is busy with opportunities in Asia and Europe. Having successfully expanded Melco Resorts &...
article Stars Align: Francis Lui's Galaxy Entertainment Group Is On A Winning Streak
(Macau) -- For a billionaire who runs one of the most successful casinos in the world’s biggest gaming center, Galaxy Entertainment Group’s Francis Lui keeps...

2/12/2019

article MGM Resorts and Other Gaming Stocks May See a Macau Comeback
(Macau) -- In the lunar year of the pig, are casino stocks ready to bring home the bacon? Some analysts think so. The Back Story. The last year of the serpent was 2013,...
article Paul Phua’s illegal online sports betting trial underway in Macau
(Macau) -- Malaysian online poker and sports betting whale Wei Seng ‘Paul’ Phua may have resolved his US legal troubles but his Macau troubles are only...

2/11/2019

article Casino hub Macau braces for impact of slowing Chinese economy
(Macau) -- As the Chinese territory of Macau marks 20 years since its handover from Portuguese rule, slower mainland economic growth, a weaker yuan and a simmering trade...
article Casino magnate Ho in ‘good shape’ says family
(Macau) -- The family of Stanley Ho says that the casino magnate is in “good shape” and is resting in hospital amid rumors that he was experiencing organ...
article Macau Chinese New Year arrivals hit record 1.2mln, up 27pct
(Macau) -- Visitor arrivals to Macau during the Chinese New Year holiday period increased by 26.6 percent from a year earlier, passing the one-million mark for the first...
article MGM Cotai still waiting on smoke lounge requests: govt
(Macau) -- Macau casino resort MGM Cotai – run by MGM China Holdings Ltd – was as of Monday still waiting for Macau government approval for smoking lounges...

2/8/2019

article High-Rollers Cool Their Bets as Chinese Economy Slows
(Macau) -- A run of good fortune for the world’s top casino operators is coming to a halt as high-rollers feel the pinch from China’s economic slowdown.
article Macau’s Golden Week numbers up 28.2% over first three days
(Macau) -- Macau has enjoyed a dramatic surge in visitation during the first half of Golden Week, with visitor numbers up 28.2% year-on-year to 401,937 during the three...

2/7/2019

article Year of the Pig Off to a Golden Start for Macau Casinos as Chinese Revelers Flock to Enclave
(Macau) -- Golden Week kicked off in Macau on Monday, with early figures suggesting visitation to the gambling hub will be up on last’s year’s annual Chinese...

2/5/2019

article OP/ED: What Pansy Ho's Move On Former Macau Casino Leader SJM Really Means
(Macau) -- Kung hei fat choi/Gong xi fa cai. As the Year of Pig dawns, Stanley Ho’s daughter Pansy Ho has again moved to seize the family empire. After leading the...

2/4/2019

article It's a Tale of Two Casino for Wynn Resorts in Macau
(Macau) -- Just because a company has a presence in Macau, the world's largest gaming market, in a growth year doesn't mean that all was well at the company'...

2/2/2019

article Macau Casino Revenue Drop Doesn't Mean Sky Is Falling
(Macau) -- Macau casino revenue fell in January, the first year on year decrease since July 2016. The 5% decline to US$3.1 billion doesn’t mean Macau has begun a...

2/1/2019

article China’s enormous new bridge is giving Macau’s casino scene a second golden age
(Macau) -- One of the world’s most ambitious construction projects is giving a city in Asia, renowned for its bustling casino culture, a Now that Macau is...
article Macau: World’s Biggest Gaming Market Contracts for First Time Since July 2016
(Macau) -- Macau gross gaming revenue (GGR) fell by 5 percent year on year in January, the first decrease in monthly revenues for well over two years.

1/31/2019

article Wynn Macau casino revamp to focus on premium mass: firm
(Macau) -- Casino operator Wynn Macau Ltd is pushing to transform its Wynn Macau casino hotel property located on that city’s peninsula, into a venue focused on so...

1/30/2019

article Aruze Gaming launches new slot games in Macau
(Macau) -- Maker of electronic gaming machines Aruze Gaming says casinos in Macau are now offering its ‘Fu Lai Cai Lai’ and ‘Supreme Dragon’...
article Casino smoking control hugely understaffed: Macau govt
(Macau) -- Macau has only about 4 percent of the enforcement officers the city’s Tobacco Control and Prevention Office would actually need in order to inspect the...
article Galaxy holds pre-Chinese New Year luncheon for the elderly
(Macau) -- Galaxy Entertainment Group (GEG) held its pre-Chinese New Year celebration for the elderly at Broadway Macau this week, with around 100 senior citizens from...
article Macau mass can be a US$30 billion a year business
(Macau) -- Las Vegas Sands (LVS) President and COO Rob Goldstein says Macau’s mass gaming segment can become a US$30 billion a year business. Goldstein’s...
article Macau Studio City unit prices issue of new debt at 100pct
(Macau) -- Studio City Finance Ltd has set the price of new debt it is issuing. The firm has priced the US$600 million worth of 7.25 percent senior notes due 2024 at 100...
article Macau’s Civil Aviation Authority approves 198 additional flights for Chinese New Year
(Macau) -- Macau’s Civil Aviation Authority (AACM) has approved 198 extra commercial and charter flights to and from Macau Airport for next week’s Chinese...
article Number of Macau licensed junkets down 6th year in a row
(Macau) -- The total number of licensed gaming promoters in Macau – either entities or individuals also known as ‘junkets’ – shrank by 8.3...
article South Shore signs US$191mln MoU aiming to reduce debt
(Macau) -- The board of Hong Kong-listed South Shore Holdings Ltd says it has “entered into a non-binding memorandum of understanding” with an associate of a...
article The legend of Ferrari finds space at City of Dreams
(Macau) -- It’s a must see for everyone who loves cars, design, history and everything that relates to the most legendary supercar manufacturer of all time:...
article VIP segment leading stronger than expected performance for SKYCITY
(Macau) -- New Zealand-based gaming operator SKYCITY Entertainment Group says it expects to record better than expected revenue in the six months to 31 December 2018 due...

1/24/2019

article A casino giant says the new world's longest sea bridge is a 'game-changer' for its China business
(Macau) -- Casino giant Las Vegas Sands says the recent opening of Hong Kong-Zhuhai-Macao Bridge, the world's longest sea bridge, is going to be a big boost for its...
article Macau casino queen Pansy Ho tightens grip over SJM Holdings
(Macau) -- Pansy Ho, co-chair of Macau casino firm MGM China (2282.HK), has struck a strategic alliance that boosts her control of the crown jewel of her father’s...
article Pansy Ho’s alliance plan good for SJM: Ambrose So
(Macau) -- The vice-chairman and chief executive of Hong Kong-listed operator of Macau casinos SJM Holdings Ltd, says he views positively the announced alliance between...
article Does Macau have a power problem?
(Macau) -- Casinos in Macau might need to be considering investing in their own permanent sources of electricity. This past Saturday, both the Ponte 16 and the Golden...
article Macau casino billionaire takes more control of family empire
(Macau) -- Shares in SJM Holdings, the Macau-based casino operator, jumped on Thursday after billionaire Pansy Ho and the Henry Fok Foundation announced an alliance...

1/23/2019

article Casino Chief Says Macau Is Already Sold Out for Lunar New Year
(Macau) -- Melco Resorts & Entertainment Ltd., one of Macau’s biggest casino resort operators, is already sold out for the upcoming lunar new year holidays, as...
article Second Macau casino reports odd power loss Saturday
(Macau) -- This past Saturday, the casino at the Ponte 16 resort in Macau suffered a 10-hour suspension of gaming activity after losing power to one of its uninterrupted...

1/21/2019

press release Australian Chamber of Commerce in Macau celebrates official launch
(Macau) -- The Australian Chamber of Commerce in Macau (AustCham Macau) is pleased to announce its official establishment, with the organization set to focus on issues...
article Casino operator SJM extends bonus plan to 2019
(Macau) -- Eligible employees of Macau-based casino operator SJM Holdings Ltd are to receive for 2019 an annual bonus – referred to by the company as a yearly...
article Macau gaming demand remains strong: Morningstar
(Macau) -- Macau’s gaming market is likely to experience a contraction this year before returning to growth in 2020, says a new note from investor services firm...
article Macau is receiving mixed reviews for 2019
(Macau) -- China’s gambling sector in Macau is receiving mixed reviews for 2019. Sanford C. Bernstein Ltd, a brokerage firm, is forecasting an overall year-on-year...
article Macau, Beijing police bust illegal banking network involving more than US$4b
(Macau) -- Police in Macau and mainland China detained 39 suspects in an underground lending case involving more than 30 billion yuan (US$4.42 billion), as China steps...

1/20/2019

article Macau Has Millions Of Repeat Tourists
(Macau) -- One of the true signs of a successful business is the fact that it has many repeat customers. It doesn’t matter whether it’s a retail store, a...
article Macau regulator grants Melco Resorts 40 mass gaming tables
(Macau) -- Developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, Melco Resorts and Entertainment Limited, was, at the...

1/18/2019

article Melco Resorts gets 40 mass gaming tables: Macau regulator
(Macau) -- Macau gaming operator Melco Resorts and Entertainment Ltd was granted 40 new-to-market mass gaming live-dealer tables at the start of this The news was given...
article Summit Ascent, Suncity Group new Hong Kong neighbors
(Macau) -- An affiliate of Macau’s leading casino junket operator Suncity Group has moved its corporate headquarters next door to Primorye casino operator Summit...

1/16/2019

article Galaxy Ent fourth Macau casino op to flag winter bonus
(Macau) -- Macau casino operator Galaxy Entertainment Group Ltd announced on Wednesday a discretionary bonus for its eligible employees at senior manager grade and below...
article Macau analysing gaming rights refreshment: Lionel Leong
(Macau) -- The Macau government is still “analysing” the topic of possible refreshment of rights for the city’s current six gaming licensees, said...

1/14/2019

article No gamble to hold Macau casino stocks, says JP Morgan
(Macau) -- Macau’s gross gaming revenue (GGR) from its casinos is likely to shrink this year, but shares in the casino operators are worth buying – and...
article Smoke rule cheating persists in Macau VIP rooms: workers
(Macau) -- Alleged violations of Macau’s implemented update to casino smoking rules have most commonly been witnessed in some of the city’s VIP gambling...

1/11/2019

article Commentary: How Macau became the world's casino capital
(Scotland) -- Macau is China’s answer to Las Vegas. But the former Portuguese colony has long surpassed the City of Lights as the world’s casino capital,...
article Macau tycoon Stanley Ho sued by nephew for USD 255 M
(Macau) -- Michael Hotung filed a writ on Tuesday at the Hong Kong High Court, claiming his uncle Stanley Ho Hung-sun, his aunt Nanette Ho Yuen-hung and casino operator...

1/10/2019

article Still no smoking lounges at Grand Lisboa, MGM Cotai: govt
(Macau) -- Two of Macau’s main casino properties – namely Grand Lisboa, run by SJM Holdings Ltd, and MGM Cotai, run by MGM China Holdings Ltd – were...

1/9/2019

article Guangdong Group takes VIP service to Naga 2
(Macau) -- A junket operator out of Macau is making moves to expand its operations. The Guangdong Group told GGRAsia that it is going to offer its VIP gaming service to...
article Lightrail between Taipa and Cotai to launch this year
(Macau) -- A new light rail transit (LRT) system being constructed in Macau is underway. The city’s government announced yesterday that the section connecting...
article Macau, Chinese police rumble underground banking network
(Macau) -- Macau police have rumbled a gang that modified mobile banking terminals to appear as if users were still on the Chinese mainland. On Wednesday, Macau’s...
article Stakes are high for Macau casino groups as Sino-US risks lurk
(Macau) -- 2019 is the year of the pig, according to the Chinese calendar. It is also the year that marks the 20th anniversary of the return of the former Portuguese...

1/8/2019

article A night to remember
(Macau) -- The inaugural Asian Gaming Power 50 Gala Dinner saw a who’s who of Asia’s gaming industry come together at Macau’s Studio City to celebrate...
article Macau casinos get off to a sluggish start in 2019
(Macau) -- Though just barely into the month, the outlook for Macau’s casinos isn’t looking too good for January. Gross gaming revenue (GGR) has been...

1/7/2019

article Morgan Stanley forecasts 2-pct drop in Macau GGR this year
(Macau) -- Morgan Stanley is forecasting that overall gross gaming revenue in Macau casinos will shrink by 2 percent this year. A note issued on Sunday by the...

1/4/2019

article How Macau became the world's casino capital
(Macau) -- Macau is China’s answer to Las Vegas. But the former Portuguese colony has long surpassed the City of Lights as the world’s casino capital, with...
article Macau gambling revenue rises 14% as anti-corruption drive fades
(Macau) -- Asia's gambling capital of Macau enjoyed a stellar year in 2018 as openings of family-friendly casino resorts drew customers from mainland China.

1/3/2019

article Bigger than Las Vegas: How Macau became the world's casino capital
(Macau) -- Macau is China’s answer to Las Vegas. But the former Portuguese colony has long surpassed the City of Lights as the world’s casino capital, with...
article Don’t expect 2-digit GGR growth in Macau for now, say analysts
(Macau) -- Casinos in Macau saw a substantial increase in gross gaming revenue (GGR) last year as it increased 14% over 2017. Casinos took in a total of $37.57 billion...
article Macau Chief Gaming Regulator Mum on Whether MGM and SJM Will Be Granted License Extensions
(Macau) -- The head of the Macau Gaming Inspection and Coordination Bureau (DICJ) told local news reporters that he had no update on the odds of whether MGM China and...

1/2/2019

article Emperor Ent boosts stake in operator of Macau casino hotel
(Macau) -- Hong Kong-listed Emperor Entertainment Hotel Ltd has agreed to acquire a further 5-percent stake in the privately-held British Virgin Islands (BVI)-registered...
article Galaxy Entertainment gives Lui family share options, awards
(Macau) -- Galaxy Entertainment Group Ltd, an operator of casinos in Macau, says it has granted options to subscribe for nearly 8.82 million shares and made awards of...
article Macau Casinos Win $37.5B in 2018, Visitation Increase Cited for 14 Percent Gaming Revenue Gain
(Macau) -- Macau casinos won 302,846 MOP ($37.54 billion) in 2018, a 14 percent premium on 2017 and the enclave’s highest mark since 2014. An increase in mass...
article Macau revised smoking law in effect as of Jan 1
(Macau) -- Under a revised law that came into effect on Tuesday (January 1) all smoking lounges in Macau casinos have to conform to enhanced technical standards and be...
article New smoking rules come into effect in Macau
(Macau) -- In Macau, new rules have reportedly come into force that prohibit patrons from smoking tobacco anywhere on a casino floor except in designated airtight...

1/1/2019

article Macau casinos rake in $37.6 bln gaming revenue in 2018
(Macau) -- Gambling revenue in Macau rose 14 percent in 2018, the second consecutive year of gain as demand to wager in the Chinese territory continued to rebound from a...

12/31/2018

article High-rolling VIPs help Macau casinos pull in gaming revenues of US$37.6 billion in 2018
(Macau) -- Gambling revenue in Macau rose 14 per cent in 2018, the second consecutive year of gain as demand to wager in the Chinese territory continued to rebound from...
article Macau tax revenues swell thanks to gaming resurgence
(Macau) -- The government for Macau has reportedly announced that the amount of tax it collected directly from gaming operations for the first eleven months of 2018 rose...

12/30/2018

article 2017 a disappointing year for economic diversification
(Macau) -- The Macau SAR government’s goal of having casino operators draw a minimum of 9 percent of their revenue from non-gambling sources by 2020 is looking...
article A plucky local upstart will take on Macau’s moguls
(Macau) -- A plucky local upstart can take on Macau's moguls. Licences in the world's largest gambling hub start to expire in 2020, forcing all players to pitch...
article Macau gaming tax revenue up 14pct in Jan-Nov 2018
(Macau) -- The Macau government collected nearly MOP97.88 billion (US$12.13 billion) in direct taxes on gaming in the city from January 1 to November 30, up by 14.1...

12/28/2018

article Casino Grand Lisboa asks for new smoking lounges: govt
(Macau) -- The Macau government has confirmed that Casino Grand Lisboa (pictured), operated by SJM Holdings Ltd, has submitted an application to install smoking lounges...
article Former K-pop star charged with ‘habitual’ casino gambling
(Macau) -- A former K-pop star could end up behind bars due to her Macau casino activity potentially violating South Korea’s laws governing ‘habitual’...

12/27/2018

article HZMB causes Nov visitor arrivals to jump 15 pct
(Macau) -- The opening of the HKZM bridge led to a 15.3 percent increase in visitors to Macau in November, reaching 3.3 million, according to data from the Statistics...

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