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Macau VIP GGR slower since December: Credit Suisse

Macau VIP gross gaming revenue (GGR) growth has slowed since mid-December, says a Monday memo from investment bank Credit Suisse AG, noting that the high roller trade typically accounts for 30 percent of casino operator earnings before interest, taxation, depreciation and amortisation (EBITDA).

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10/19/2018

article Hong Kong-Zhuhai-Macau bridge date leaves bus companies ‘in a spin’ as they scramble to get ready
(Macau) -- The world’s longest sea crossing will begin operations next week it was confirmed on Friday, but the abrupt announcement has left Hong Kong’s bus...
article Stanley Ho Son Arnaldo Revives Macau Cotai Strip Resort Project
(Macau) -- Stanley Ho’s son Arnaldo Ho is reinitiating plans to build an HDK $5 billion ($638 million) integrated resort on the Macau Cotai Strip after local...
article Studio City unveils new resident stunt show Elēkron
(Macau) -- Melco Resorts & Entertainment has unveiled its new theatrical stunt show, Elēkron, at Macau integrated resort Studio City. Combining spectacular...
article World’s longest sea crossing is finally finished, but Hong Kong-Zhuhai-Macau bridge has come at a high cost
(Macau) -- The world’s longest sea crossing linking Hong Kong, Zhuhai, and Macau will open to passengers soon, but its construction was blighted by accidents,...

10/18/2018

article Jackpot for Casino operator Studio City in U.S. IPO, pricing at the top of its range
(Macau) -- Studio City International Holdings which operates a hotel and casino in Macau has raised USD 359 million in its U.S. IPO, pricing its shares at the top of its...
article Macau billionaire revives dormant theme park project, without theme park
(Macau) -- The son of billionaire Macau casino magnate Stanley Ho on Thursday announced the revival of an entertainment project left dormant for eight years, as...
article Studio City’s Pacha club closes, new attraction due
(Macau) -- Casino operator Melco Resorts and Entertainment Ltd confirmed to GGRAsia that it will be replacing the Pacha Macau nightclub (pictured) at Studio City with a...

10/17/2018

article Macau Casino Company Studio City Takes $359 Million in U.S. IPO
(Macau) -- Studio City International Holdings Ltd. raised $359 million in its U.S. initial public offering, pricing its shares at the top of the Macau casino and resort...
article Macau’s mass market baccarat enjoys 21.5% surge in 3Q18
(Macau) -- Macau’s mass market baccarat drove citywide GGR growth in the three months to 30 September 2018, with mass baccarat revenue up 21.5% year-on-year to MOP...
article Macau Casino Bus From Sands Properties to Hong Kong Going to Daily Schedule Soon
(Macau) -- A Macau bus will provide daily service from three Sands China casino resorts in the gaming enclave to Hong Kong once the forthcoming Hong Kong-Zhuhai-Macau (...

10/16/2018

article Early look at October Macau casino growth
(Macau) -- The first round of analyst estimates on Macau casino gross gaming revenue for October are arriving in. Bernstein expects Macau GGR to to be up between 4% and...
article Macau casino shares down 40 per cent since June as trade war deters Chinese high rollers
(Macau) -- China’s crackdown on corruption and investors’ fears over the impact of the trade war on the economy have sent the stock prices of Macau’s...

10/12/2018

article Macau | China Duty Free Group to open flagship store at Grand Lisboa Palace
(Macau) -- Gaming operator Sociedade de Jogos de Macau, S.A. (SJM) entered into a binding Memorandum of Understanding with China Duty Free Group Co., Ltd. (CDFG) to open...

10/10/2018

article Macau GDP growth to slow sharply in 2018: IMF
(Macau) -- Macau’s gross domestic product growth is likely to slow sharply this year and remain flat in 2019, according to the International Monetary Fund’s...
article Macau out of top five overseas destinations for mainland tourists
(Macau) -- Macau has fallen out of the top five most popular overseas tourism destinations for mainland tourists during the Chinese National Day holiday, according to...

10/9/2018

article Operators working to attract non-gamers ahead of renewals
(Macau) -- Pansy Ho Chiu King, co-chairperson and executive director of MGM China says that Macau operators have been “collectively positioning” themselves...
article Stricter regulations driving junket related tenants out of The Waterside residences - Sniper Capital
(Macau) -- Sniper Capital Limited-owned Macau Property Opportunities Fund (MPO) indicated in a release that the local government’s plans to introduce greater and...
article Parent increases stake in Grand Emperor Hotel to 75 percent
(Macau) -- Emperor International Holdings, the majority owner of the Grand Emperor Hotel in Macau has boosted its stake in the property by 15 percent, according to a...

10/8/2018

article Owner increases stake in Macau Grand Emperor Hotel
(Macau) -- Emperor International Holdings Limited, through subsidiary Emperor Entertainment Hotel Limited, announced it was increasing its stake in the operator of Macau...
article Interpol Chief Goes AWOL in China and Resigns: Spearheaded ‘Corruption Crackdown,’ Hit Macau Casino Sector Hard
(Macau) -- President of Interpol Meng Hongwei has been arrested in China as part of an “anticorruption investigation,” authorities in Beijing said Monday.

10/7/2018

article Macau's Golden Week Run Seen Fading as China Economy Slows
(Macau) -- Macau’s robust Golden Week holiday performance isn’t likely to continue with concerns over China’s softening economy weighing down the...
article SJM Grand Lisboa has a new president
(Macau) -- The Grand Lisboa Palace in Macau has a new president. The integrated resort’s (IR) parent company, SJM Holdings, announced that Paul Baker has been...
article Weekend slowdown hurts Macau Golden Week growth
(Macau) -- Visitor numbers to Macau slowed considerably over the weekend to put the brakes on a strong start to the city’s National Day holiday period. Having...

10/3/2018

article Macau casinos see flood of Chinese as Golden Week starts
(Macau) -- There is a ray of hope in the gloomy outlook for Macau casinos as early numbers show a healthy stream of visitors into the world’s biggest gambling hub during...
article Weakest revenue growth since August 2016
(Macau) -- Macau’s gaming industry revenue increased by 2.8 percent year-on-year to MOP21.95 billion (approximately USD2.72 billion) in September, the Gaming...

10/2/2018

article Macau Casino Shares Fall as Typhoon, Weak VIP Hit Revenue
(Macau) -- Shares of Macau casino operators slumped after data showed the weakest revenue growth in two years at the same time as concern increases that the Golden Week...
article Macau Gambling Figures Buy Asset in HK’s Central From Car Park Queen for HK$100M
(Macau) -- The sixth floor of the On Lok Yuen Building on Hong Kong’s Dex Voeux Road was purchased by a Macau investor for HK$100 million, the Land Registry...

10/1/2018

article Typhoon, Economy Give Macau Casinos Worst Month in Two Years
(Macau) -- A typhoon that shut Macau casinos for more than a day and a pullback by high-stakes bettors resulted in the slowest revenue growth in two years for the world...
article Macau casino stocks fall on disappointing gaming revenue
(Macau) -- Macau casino stocks fell on Tuesday following lower-than-expected gaming revenue growth in September in the world’s largest gambling centre. Gaming...
article Macau gaming revenue +3% during September
(Macau) -- Macau gross gaming revenue increased 2.8% in September to 21.9B patacas, according to the Gaming Inspection and Coordination Bureau.

9/30/2018

article Macau casinos post Sept revenues of $2.73 bln
(Macau) -- Gambling revenue in the Chinese territory of Macau posted a 2.8 percent gain in September, with solid demand from Chinese betters keen to play in the country...
article Macau Gaming Is Weakest in Two Years on China Economy, Typhoon
(Macau) -- Macau gaming revenue growth was the slowest in two years as the world’s largest gaming hub was weighed down in September by a typhoon and a weakening...

9/28/2018

article International Entertainment appoints internal directors to Macau poker operator
(Macau) -- Hong Kong-listed gaming investor International Entertainment Corp (IEC) has appointed two of its three executive directors to the board of Rational Live...
article Macau’s casinos face dimmer prospects for October Golden Week holiday
(Macau) -- Macau’s casinos face dimmer prospects for the upcoming Golden Week holiday as the slowing Chinese economy and trade war with the U.S. hang over the...
article MGTO steps up inspection, security plans ahead of Golden Week
(Macau) -- The Macao Government Tourism Office (MGTO) says it is working closely with the Public Security Police Force to increase the number of inspections of visitors...
article Typhoon Mangkhut Won’t Do Long-Term Damage to Macau Revenues, But Analysts Predict Impacted GGR
(Macau) -- Typhoon Mangkhut may have forced an emergency shutdown of Macau’s casinos for the first time ever, but it won’t be enough to stop the continued...

9/27/2018

article Bernstein cuts target price on four Macau casino ops
(Macau) -- Sanford C. Bernstein Ltd says a trend of slowing of growth in gross gaming revenue (GGR) in Macau is clear and the brokerage has reduced the target prices for...
article Galaxy ups premium direct focus with JinMen8 VIP Club launch
(Macau) -- Galaxy Macau has launched its new premium direct VIP Club, JinMen8. Located on the 50th floor of the Ritz-Carlton hotel tower, JinMen8 VIP Club took three...

9/26/2018

article Macau-Hong Kong bridge set to open
(Macau) -- The long-awaited opening of the bridge connecting Hong Kong and Macau will open next month, the South China Morning Post reports. The bridge will open...

9/25/2018

article Macau Government Conducting Interim Review of Five-Year Development Plan
(Macau) -- The Macau government decided last week that it will conduct an interim review of the Special Administrative Region’s (SAR) current five-year development...
article Macau peninsula casinos are here to stay, despite Cotai growth
(Macau) -- Casinos in Cotai have been the biggest winners in Macau lately, taking a huge chunk of the profits from those casinos located on the peninsula. However, there...
article Visits to Macau rise 18.7 pct in August
(Macau) -- The Statistics and Census Service of Macau revealed on Monday that 3.40 million people visited the Chinese territory during August, an 18.7% increase year-on-...

9/24/2018

article Macau Casino Workers Protest Casino Treatment
(Macau) -- While Macau has become the most influential and successful gambling hub in the world, with revenues topping $30 billion, not everyone is happy about the...
article Macau to conduct interim review of Five-Year Development Plan
(Macau) -- The Macau SAR Government has announced that the Committee for Development of the World Centre of Tourism and Leisure will conduct an interim review of the...
article Macau visitation up almost 19% in August
(Macau) -- Yesterday, Macau’s Statistics and Census Service released its August data for the gambling mecca. According to the agency, 3.4 million visitor arrivals...
article MGS to kick off on November 13
(Macau) -- The Macau Gaming Equipment Manufacturers Association (MGEMA), Nam Kwong Culture and Creativity Industry Co. Ltd (Nam Kwong Group), and China National...
article Paulo Martins Chan named on Macau licensing panel at MGS Summit 2018
(Macau) -- The Director of Macau’s Gaming Inspection and Coordination Bureau, Paulo Martins Chan, will take part in a panel discussion on Macau’s gaming...
article VIP GGR to benefit from room openings: Bernstein
(Macau) -- Macau’s overall gross gambling revenue is likely to rise about 3 percent to 4 percent in September after disruptions caused by Typhoon Mangkhut, though...
article Health Bureau received 233 smoking lounge applications
(Macau) -- The city’s Health Bureau (SS) has received 233 smoking lounge application from 16 casinos, the Director of SS Lei Chin Ion said on Sunday on a sideline...
article Melco deploys employees for typhoon cleanup efforts
(Macau) -- Melco Resorts and Entertainment last week deployed a volunteer team of nearly 100 employees to help clear the city’s streets after Signal No.10 typhoon...
article Responsible gambling expert says problem betting is falling
(Macau) -- Nearly 100 Sands China team members attended the company’s annual Advanced Responsible Gaming Ambassador training program on Thursday and Friday at...

9/23/2018

article Cotai continues to expand, Peninsula casinos post revenue growth
(Macau) -- Cotai will continue its facilities and revenue expansion but casinos on the Macau Peninsula will not stop attracting clients, of a different taste, to its old...
article Macau Gaming Outlook Worse After Massive Typhoon
(Macau) -- By the time Hurricane Florence hit the Carolinas, it had fallen to a Category 1 hurricane: destructive, but not nearly the devastating force it was feared to...

9/21/2018

article Landmark Macau transformed into the New Orient Landmark Hotel
(Macau) -- The Landmark Macau, a casino-hotel on the Macau peninsula close to Macau Fisherman’s Wharf, is no more. Not in name, at least. It is now officially...

9/20/2018

article How Chinese VIPs Figured Out An Easy Way To Beat Casinos
(Macau) -- Chinese VIPs have apparently figured out how to beat the house odds at casinos. As someone who covers gaming stocks closely, that may sound a bit snarky but...

9/17/2018

article Macau Begins Cleanup Following Powerful Typhoon
(Macau) -- Packing winds of more than 200 kph (125 mph) at its peak, tropical cyclone Mangkhut is considered the strongest to hit the region this year.
article Macau casinos fall with typhoon shutdown estimated to cost US$186m
(Macau) -- MACAU casino stocks retreated after Typhoon Mangkhut forced a 33-hour shutdown of the world's biggest gambling hub, a halt that's estimated to cost...

9/16/2018

article Macau casinos reopen with US$186 million loss as gamblers stayed away during Super Typhoon Mangkhut’s onslaught
(Macau) -- Macau casino stocks retreated after Typhoon Mangkhut forced a 33-hour shutdown of the world’s biggest gambling hub, a halt that’s estimated to...
article Macau Casinos to Reopen After Brief, if Costly, Typhoon Shutdown
(Macau) -- Macau, the world’s largest gambling hub, will resume gaming Monday at all its casinos after Typhoon Mangkhut forced a 33-hour stoppage affecting major...

9/15/2018

article Macau Suspends Casino Operations as Typhoon Mangkhut Looms
(Macau) -- All bets are off in Macau -- for now. The world’s largest gambling hub suspended gaming operations at all its casinos as Super Typhoon Mangkhut...

9/14/2018

article Casino employers legally bound to compensate workers for damage during strong typhoon
(Macau) -- As super-typhoon Mangkhut approaches Macau, casino workers are still obligated to go to work when Typhoon Signal no. 8 is hoisted, with employers bound to...
article The Trade War Between the US and China Will Probably Not Affect Macau Casinos
(Macau) -- It seems that the casinos in Macau that are owned by the American companies will not be heavily affected by the ongoing trade war that the US and China had...

9/13/2018

article American casinos in Macau are safe from Chinese trade war wrath, analyst says
(Macau) -- If the U.S.-China trade war takes a particularly nasty turn, a possible target for Beijing could be the multiple American-operated casinos in the tiny...
article DICJ Director expecting changes to bill banning Macau gaming workers from casino floors
(Macau) -- DICJ Director Paulo Martins Chan has told Inside Asian Gaming that he expects some changes to be made to a bill that will effectively ban Macau casino workers...
article Macau celebrates 10 years of responsible gambling promotions
(Macau) -- The man who oversaw the implementation of Macau’s first responsible gaming model has described reaching 10 years of responsible gaming promotions as a...
article Macau top junkets cautious over earnings outlook
(Macau) -- Two of Macau’s major junket operators, Suncity Group and Tak Chun Group, have told GGRAsia that their respective VIP gaming businesses have so far been...
article Super Typhoon Mangkhut: engineer warns massive storm could put structural safety of Hong Kong-Zhuhai-Macau mega bridge to test
(Macau) -- That came as Super Typhoon Mangkhut edged ever closer to Hong Kong, prompting residents to take precautionary measures to safeguard their properties....

9/12/2018

article DICJ Director expecting changes to bill banning Macau gaming workers from casino floors
(Macau) -- DICJ Director Paulo Martins Chan has told Inside Asian Gaming that he expects some changes to be made to a bill that will effectively ban Macau casino workers...
article Macau casino stock meltdown continues
(Macau) -- Macau casino stocks plunged again yesterday on the back of growing concerns that the softening Chinese economy is dampening the allure of the city’s...
article Macau residents’ gambling participation rate decreases
(Macau) -- Fewer Macau residents are taking to gambling, according to the latest responsible gambling work report published jointly by the Gaming Inspection and...

9/11/2018

article Analysts predict Macau GGR growth of at least 8pct in Sept
(Macau) -- Asset manager Sanford C. Bernstein Ltd forecasts that gross gaming revenue (GGR) in Macau will grow to between MOP23.2 billion (US$2.87 billion) and MOP23.8...
article Commissions drive up Macau 2017 gaming overheads
(Macau) -- Commissions and certain other costs linked to Macau gaming sector sales rose 23 percent year-on-year in 2017, according to the latest edition of the city...
article DB cuts 2019 GGR outlook, Macau stocks slide
(Macau) -- A Tuesday noted issued in Hong Kong by Deutsche Bank AG cut the 2019 gross gaming revenue (GGR) year-on-year growth outlook for Macau from 11 percent to 4...
article Legislator wants face recognition tech in Macau casinos
(Macau) -- Macau legislator Leong Sun Iok has urged the government to enhance security at local casino floors and hotels via installation of face recognition technology.

9/10/2018

article Macau Casinos Sink on Concern High Rollers Hit by China Slowdown
(Macau) -- Macau casinos shares tumbled Tuesday on concerns that a softening Chinese economy is damping the allure of the baccarat tables for high rollers. The Bloomberg...
article Total receipts of gaming activities in Macau increased 18.7 % in 2017, official
(Macau) -- Total receipts of the 10 enterprises engaging in gaming activities increased by 18.7% year-on-year to MOP268.01 billion (US$ 33.5 billion), marking an end to...
article Wynn Macau warns of risks posed by illegal gaming websites using Macau trademarks
(Macau) -- Wynn Macau has warned that the increasing prevalence of offshore online gambling websites illegally using the names of Macau’s casino concessionaires...

9/8/2018

article As Investors Bail, Macau Revenue Breaks Disappointing Run
(Macau) -- Macau investors can breathe a bit easier. After three consecutive disappointing months, Macau casino revenue for August clocked in at 26.6 billion patacas, up...

9/6/2018

article As Investors Bail, Macau Revenue Breaks Disappointing Run
(Macau) -- Macau investors can breathe a bit easier. After three consecutive disappointing months, Macau casino revenue for August clocked in at 26.6 billion patacas (...
article Macau casino smoking prosecutions on the rise as operators hold out on new smoking rooms
(Macau) -- Macau’s Health Bureau says it has received applications from 12 of Macau’s 47 gaming venues to set up new smoking rooms, but only two have so far...

9/3/2018

article Confidence restored in Macau after August gaming revenue surpass expectations
(Macau) -- Macau’s surprising performance in August has given renewed optimism for the market. Gaming revenue in Macau has increased for 25 straight months. But...
article Gambling revenue up 17 pct in Macau
(Macau) -- Gambling revenue in Macau was up 17 per cent during August, the Gaming Inspection and Coordination Bureau revealed. It is the 25th straight month that...

9/2/2018

article Gaming revenue grew 17pct in August, beating forecasts
(Macau) -- Macau’s gaming revenue topped analyst forecasts for the first time in four months, a result that may ease investor concerns about a slowdown in gambling...
article The 13 Hotel open for ‘private booking’, not walk-in guests
(Macau) -- The 13 Hotel, a new property located on the border between Coloane and the casino district of Cotai in Macau, is open but just for so-called “private...

9/1/2018

article Macau Gaming Revenue Grew 17% in August, Beating Forecasts
(Macau) -- Macau’s gaming revenue topped analyst forecasts for the first time in four months, a result that may ease investor concerns about a slowdown in gambling...
article Macau's booming casinos post 17 percent revenue gain in August
(Macau) -- Gambling revenue in the Chinese territory of Macau posted a 17 percent gain in August, thanks to active gaming by Chinese betters keen to play in the country...

8/31/2018

article The 13 Hotel open for ‘private booking’, not walk-in guests
(Macau) -- The 13 Hotel (pictured), a new property located on the border between Coloane and the casino district of Cotai in Macau, is open but just for so-called...

8/29/2018

article The rise and fall of the 13 Hotel
(Macau) -- The 13 Hotel in Cotai, Macau is maybe the greatest hotel and casino that has ever and will ever exist... and yet its casino may still never open. The story of...

8/28/2018

article Gaming related kidnappings dipped 41 pct in H1
(Macau) -- The city’s Judiciary Police (PJ) indicated this Tuesday that gaming debt related kidnapping cases dropped 94 cases to 229 for the first six months, a 41...
article Health Bureau received applications to install 107 smoking lounges in casinos
(Macau) -- Up until August 27, the city’s Health Bureau (SS) has received applications for installing 107 smoking lounges in 13 local casinos, a press note on...
article Loan shark cases up in 1H in Macau: security chief
(Macau) -- Macau’s Judiciary Police recorded a total of 840 suspected gaming-related crimes in the first half of 2018, down by approximately 3 percent when...
article Macau sees fewer gaming-related detentions, more loansharks
(Macau) -- Macau’s casino-related crime stats took a dip in the first half of 2018, even as the number of loansharking cases rose significantly.

8/27/2018

article Gaming and tourism help drive Macau GDP growth in 2Q18
(Macau) -- Macau’s gaming and tourism sector played a key role in driving Gross Domestic Product (GDP) growth in the three months to 30 June 2018, which rose 6.0%...
article Insider Tips For Macau Travel
(Macau) -- When Studio City debuted in 2015, it introduced Forbes Travel Guide Five-Star Star Tower hotel, a Four-Star spa, an eye-popping attraction (more on the Golden...
article Winnie Ho, estranged sister of Stanley Ho, dies aged 95
(Macau) -- The sister of Macau gaming godfather Stanley Ho has passed away, aged 95. According to the South China Morning Post, a family spokesperson confirmed that...

8/23/2018

article Almost 20 million visited Macau from January to July
(Macau) -- Macau received almost 20 million visitors In the first seven months of 2018, a 7.4% year-on-year increase, according to statement released Thursday by the...

8/22/2018

article Macau casino dealer numbers steady in 2Q
(Macau) -- The number of casino dealers employed in Macau during the second quarter remained almost constant judged year-on-year, according to a survey on staffing needs...
article MGM Cotai junket rooms to open from Sept: Bowie
(Macau) -- MGM Cotai, a new Macau casino resort promoted by Hong Kong-listed MGM China Holdings Ltd, is to begin opening VIP gambling rooms with external junket partners...
article Paradise Entertainment H1 revenue up 15.2 pct y-on-y to HK$563.9 mln
(Macau) -- Paradise Entertainment Limited has announced that its revenue for the first six months ended June 20 2018 was up 15.2 per cent year-on-year to HK$563.9...

8/21/2018

article Macau non-gaming spend up 20 pct in 18Q2
(Macau) -- Non-gaming visitor spend in Macau soared 20 percent year-on-year in the second quarter of 2018, according to data from the Statistics and Census Service (DSEC...
article Macau's gaming industry faces two disruptions
(Macau) -- MACAU, a city with an area of only 30 sq km and a population of 650,000 but with a gross domestic product (GDP) per capita of US$122,500, is the second-...

8/20/2018

article Macau gaming tax slows through July but still soaring in 2018
(Macau) -- The Macau government saw its direct gaming tax revenue rise 18.1% year-on-year through the first seven months of 2018 to MOP$65 billion, according to latest...
article Sands China supporting Old District revitalization
(Macau) -- Sands China Ltd has thrown its support behind the Old District Revitalization Series – Rua de Cinco de Outubro, which aims to help rebuild parts of...

8/19/2018

article According to a New Study, Gambling Capital Macau is Winning the Game Beyond the Game
(Macau) -- Global gambling mecca Macau is preparing to take the reins as richest location in the world. By 2020, the Chinese island and the only place in China where...

8/18/2018

article The 13 Macau Receives Hotel License, Will Open Without Casino
(Macau) -- The 13 Macau has finally received a license to operate as a hotel. The long-delayed project being built south of the Cotai Strip was issued its permit from...

8/17/2018

article Macau gov’t grants remaining licenses for The 13 Hotel
(Macau) -- Long-awaited The 13 Hotel looks set to open within the month, after the Macau Government Tourism Office (MGTO) issued the licenses needed for the hotel’...
article Macau: the incredible poverty at the heart of world’s richest place
(Macau) -- When the clock strikes 4pm, Hoi Sao-sou takes off her black uniform, grabs her shopping bag and rushes through the staff door of one of the major casinos in...

8/16/2018

article MGTO nods hotel licence for The 13 project
(Macau) -- The 13 Hotel, a real estate development on the Cotai-Coloane border, has received the necessary permits to begin hospitality operations, said the Macao...

8/15/2018

article Macau casinos regain mojo as mainlanders return
(Macau) -- Casinos operators in Macao enjoyed strong earnings in the first six months of this year as visitor traffic from mainland China picked up. Market leader Galaxy...
article Paradise grants Interblock license to Macau non-live gaming machines
(Macau) -- Casino and gaming systems provider Paradise Entertainment Limited has granted Interblock d.d., an electronic table gaming products developer, license for the...

8/14/2018

article Casinos still to run during Typhoon Bebinca
(Macau) -- According to the Gaming and Coordination Bureau (DICJ), none of the casino operators has been given a notice to close during Typhoon Bebinca, as Typhoon...
article Will junkets benefit from Macau database of excluded gamblers?
(Macau) -- Macau’s government plans to create an online database of individuals barred from setting foot on a casino gaming floor, potentially opening the door to...

8/12/2018

article Macau moguls’ rivalry threatens cost discipline
(Macau) -- Wynn Macau, which caters to wealthier guests, appears to have been caught off guard last quarter. EBITDA missed expectations, and revenue grew by a modest 12....

8/10/2018

article Macau moguls’ rivalry threatens cost discipline
(Macau) -- A fight for big spenders in Macau has made earnings volatile in China’s gambling hub. Battle lines are being drawn in the gaudy Cotai Strip, where...
article Macau set to topple Qatar as world's richest place by 2020
(Macau) -- Macau is expected to outstrip Qatar as the richest place in the world by 2020, according to the International Monetary Fund. The global casino hub’s...

8/8/2018

article Bill barring gaming workers not to include workers hired by junket operators
(Macau) -- A bill barring gaming workers from entering the casino floor during non-working hours will not include workers hired by junket operators, Ho Ion Sang (...
article Macau ready to become richest place in the world by 2020
(Macau) -- Fresh data from the Inter­national Monetary Fund (IMF) ­predicted that by 2020, the city would overtake oil-rich Qatar with the highest per-capita...

8/4/2018

article Former Harrah’s exec regrets not expanding to Macau
(Las Vegas) -- One regret Phil Satre has about his 25-year career with Harrah’s Entertainment is that he didn’t take the company into the Macau gaming market...
article The World's Biggest Gambling Hub Has Much More to Offer
(Macau) -- Macau, the world's biggest gambling hub, has much more to offer than slots and blackjack

8/3/2018

article The 13 hotel to finally launch by August’s end, casino still delayed
(Macau) -- South Shore Holdings Ltd., which is building a resort called The 13 in Macau, doesn’t expect to have the casino operations ready to go until 2019....

8/2/2018

article Gaming revenue up in Macau
(Macau) -- Gross gaming revenue in Macau reached MOP 25.3bn (US$3.1bn) in July, representing growth of 10.3 per cent year-on-year, according to data released by the...
article Wynn Macau Ltd profit up 56pct in 2Q, peninsula VIP down
(Macau) -- Net profit at casino operator Wynn Macau Ltd rose by 56.2 percent year-on-year in the second quarter of 2018, to nearly US$160.3 million.

8/1/2018

article Galaxy Ent, Monaco casino op open café at Galaxy Macau
(Macau) -- European gaming and hospitality company Société des Bains de Mer et du Cercle des Étrangers à Monaco (SBM) has opened the first Asian branch of its Café de...
article Opening of The 13 Hotel by August 31: firm
(Macau) -- Hong Kong-listed South Shore Holdings Ltd has revised yet again the opening date for its hotel project on the Cotai-Coloane border. The company – known...
article Wynn Resorts Falls After Original Macau Casino Posts Sales Drop
(Macau) -- Wynn Resorts Ltd. tumbled as much as 9.7 percent in late trading after reporting steep declines in revenue and profit at its original casino in Macau, the...

7/31/2018

article Macau gambling revenues jump 10 percent in July
(Macau) -- Gambling revenue in the Chinese territory of Macau rose 10.3 percent in July from a year ago period, bolstered by demand from Chinese betters keen to play in...

7/30/2018

article Macau gambling revenue could reach $146B by 2020
(Macau) -- The good news is that the total market value for the six casino operators in Macau is predicted to hit $146 billion by 2020. The bad news is that there could...
article GEG launches Macau training scheme for Japan uni students
(Macau) -- Macau-based casino operator Galaxy Entertainment Group Ltd – also known as GEG – announced on Monday a scheme to bring to Macau groups of Japanese...
article Macau’s Studio City to open e-Sports venue
(Macau) -- An e-Sports venue branded “Macau Estadium” is to open on Tuesday at Cotai casino resort Studio City. The latter is promoted by Asian casino...
article Macau casino heiress Pansy Ho’s wild past firmly behind her as she presides over multibillion empire from The Peak
(Macau) -- Pansy Ho Chiu-king must be feeling confident these days. Her main business, Shun Tak Holdings, posted a 66 per cent year on year increase in revenue to nearly...

7/29/2018

article License to thrill: How casino re-tendering will shape Macau’s future
(Macau) -- Macau’s casino concession and sub-concession contracts will all end in a few years’ time (2020/2022), or be delayed for a maximum of five years by...

7/26/2018

article Macau’s Paradise Entertainment issues positive profit alert
(Macau) -- Macau’s Paradise Entertainment Ltd has issued a positive profit alert for the six months ended 30 June 2018. In a filing to the Hong Kong Stock Exchange...
article Sands China enjoys strong 2Q18 as all Macau properties surge
(Macau) -- Sands China saw its net revenue soar 18% to US$2.11 billion in the three months to 30 June 2018, bolstered by a strong performance at the Venetian Macao and...
article Setback for Cotai LRT as court confirms ruling against award of construction contract
(Macau) -- Macau’s Court of Final Appeal has rejected an appeal by Chief Executive Fernando Chui Sai On against a March ruling from the Court of Second Instance...

7/25/2018

article Macau Casinos Could Be 'Collateral Damage' From Trade War, Expert Says
(Macau) -- Headlines pertaining to Russia and Iran have shifted some foreign relations focus away from the ongoing trade war with China, but that doesn’t mean the...
article O MEDIA offers day off for any staff volunteering to care for abandoned Canidrome dogs
(Macau) -- Inside Asian Gaming’s parent company, O MEDIA, will announce Wednesday morning that it is offering a full day off for any O MEDIA staff member...

7/24/2018

article Construction boom in Macau linked to casino gaming license play: report
(Macau) -- A number of sites in the former Portuguese enclave showed increased construction activity over the past months, a sign that casino operators were bracing...
article Macau casinos could lose VIPs to junket upstart
(Macau) -- There could be a new competitor on the cards for Macau's gaming giants. Suncity boss Alvin Chau helps bankroll half of all big spenders in the Chinese...

7/22/2018

article Macau Government to Punish Ho Family for Washing Hands of 600 Canidrome Greyhounds
(Macau) -- Macau’s government announced on Friday it has assumed responsibility for the welfare of 600 greyhounds made homeless by the closure of the Macau...

7/19/2018

article World's largest gambling hub Macau to take care of more than 600 greyhounds
(Macau) -- Authorities in Macau, the world's largest gambling hub, said they will care for more than 600 greyhounds after their owner renounced them ahead of the...

7/18/2018

article Macau Canidrome site to become a land reserve for public facilities
(Macau) -- The site of Macau’s Canidrome dog racing track will become a land reserve for public facilities, including education, sport, offices for public...
article Macau public bus re-tendering process suggests big delays for Macau casino licensing
(Macau) -- The re-tendering process for Macau casino licenses is likely to be delayed until the mid-2020s and the six concession holders granted extensions “well...

7/17/2018

article Macau casino self-exclusion request grew 34% in H1 2018
(Macau) -- The list of problem gamblers looking to be excluded from Macau casinos grew longer in the first half of 2018, according to the special administrative region...
article Macau: mass overtakes VIP in Q2
(Macau) -- The mass market overtook the VIP sector to lead growth in Macau’s gross gambling revenue in Q2 with a gain of 21 per cent over the prior year.

7/16/2018

article Local casino exclusion requests increased in first half of 2018
(Macau) -- The Gaming Inspection and Co-ordination Bureau announced on Monday it received 233 requests for exclusion of access to local casinos in the first six months...
article Macau aims to ban casino workers from gambling
(Macau) -- Macau’s Legislative Assembly has approved a draft bill banning local casino workers from entering Macau casinos outside of working hours.
article More problem gamblers request bans from Macau’s casinos as gaming hub vows to tackle addiction
(Macau) -- Growing numbers of problem gamblers have asked to be banned from Macau casinos to cure their addiction, new data has revealed. Figures released this week by...

7/14/2018

article Macau Legislators Pass First Draft of Gaming Worker Casino Ban, But Implementation Questions Remain
(Macau) -- Macau’s Legislative Assembly passed a first draft of a bill that would ban many gaming workers from entering casinos outside of work hours, but some...

7/13/2018

article Macau legislators unanimously pass local casino staff ban proposal
(Macau) -- In Macau, yesterday reportedly saw legislators unanimously pass a proposed government-backed measure that would prohibit the city’s 24,453 employed...

7/12/2018

article Legislative Assembly passes bill banning Macau casino workers from gaming floors
(Macau) -- Macau’s Legislative Assembly has approved a draft bill banning local casino workers from entering Macau casinos outside of working hours.
article Macau lawmakers pass casino staff bet ban on first read
(Macau) -- Macau’s Legislative Assembly unanimously approved on Thursday – in a first-reading session – a government-backed bill proposing a ban on...

7/11/2018

article Cabo Verde tourist resort of Macau entrepreneur due to be completed before 2021
(Macau) -- Construction of the integrated tourist complex of the island of Santa Maria will be completed before the end of the current term of office in 2021, José...

7/10/2018

article Macau’s US casino ops could be targeted in US-China trade war
(Macau) -- The current international trade war between China and the United States could impact US casino operators’ ability to renew their Macau concessions,...

7/5/2018

article Macau hotel guest numbers up 4.7% in May
(Macau) -- The number of guests in Macau’s hotels and guesthouses grew by 4.7% in May to 1,178,000, including an 11.0% increase in guests from mainland China,...
article SIMPSON: From Casino Wars to Casino Capitalism
(Las Vegas) -- I moved to the Chinese city-state of Macau to begin work at the University of Macau in 2001, two years after Portugal returned the territory to the People...
article Success Dragon boss steps down amid business decline
(Macau) -- Macau electronic gaming machine service provider Success Dragon has announced the appointment of a new Chairman and CEO following the sudden resignation of...
article US shares feel pain of disappointing June in Macau
(Macau) -- Macau’s lower-than-expected gross gaming revenue (GGR) in June has been felt around the world with the US share prices of Las Vegas Sands and Wynn...

7/2/2018

article Macau gambling revenue grows 12.5 percent in June
(Macau) -- In Macau, government officials report gambling revenue grew a solid 12.5 percent in June, thanks to steady demand from largely Chinese bettors visiting China...
article Macau’s aggregated gross gaming revenues recover for June
(Macau) -- The over 30 casinos in Macau have reportedly recovered somewhat from a disappointing May to post a 12.5% increase year-on-year in aggregated gross gaming...
article Outlook grim for SJM: Bernstein
(Macau) -- Brokerage Sanford C Bernstein says it expects shares in Macau concessionaire SJM Holdings to continue to drop with “little improvement possible”...
article Casino Investors Have a Cow Over Macau Data
(Macau) -- Weak gaming data from Macau is weighing on casino stocks today, even those without exposure to the Chinese gambling hub. Gross gaming revenue (GGR) from Macau...
article Is This Tiny Island a Threat to Macau Casinos?
(Macau) -- Shares of casino operators with ties to Macau were sent lower after news surfaced recently that hotels on the tiny Chinese island of Hainan might begin...

7/1/2018

article Macau casinos post 12.5 percent gain in June revenues
(Macau) -- Gambling revenue in the Chinese territory of Macau grew 12.5 percent in June, thanks to solid demand from Chinese betters keen to play in the country’s...
article Macau gaming revenue falls short of June forecast
(Macau) -- Macau gaming revenue growth is cooling down just as temperatures are heating up. Gaming revenue on the Chinese enclave rose 12.5 percent to $2.78 billion in...

6/30/2018

article Macau Casino Crisis Shut Down Protocol Proposed Under New Bill
(Macau) -- The highest authority in Macau could soon be granted executive powers to shut down the gambling hub’s casinos in times of crisis. On Thursday, the Macau...
article Macau casinos post 12.5 percent gain in June revenues
(Macau) -- Gambling revenue in the Chinese territory of Macau grew 12.5 percent in June, thanks to solid demand from Chinese betters keen to play in the country’s...

6/29/2018

article Losses mount as The 13 eyes more deadline extensions
(Macau) -- South Shore Holdings Limited, formerly known as The 13 Holdings Limited, has flagged the possibility of requesting a seventh deadline extension for the launch...
article Sands Cotai Central adds retail space as Phase 4 development opens
(Macau) -- Sands China has opened the Phase 4 development of Sands Cotai Central, adding an extra 100,000 square meters of retail space and more than 25 new stores to...

6/28/2018

article Venetian Macao honored with Macao Green Hotel Platinum Award
(Macau) -- Environmental efforts by the Las Vegas Sands’ (LVS) The Venetian Macao have again been honored with the presentation of the Macao Green Hotel Platinum...

6/27/2018

article Macau law needs revamp to allow more concessions: experts
(Macau) -- Macau’s gaming law needs to be amended in order to account for the possibility of having more than six gaming licensees, the current number, after the...

6/26/2018

article June Macau GGR growth back to March pace: analysts
(Macau) -- The pace of year-on-year growth in June for Macau casino gross gaming revenue (GGR) is likely to accelerate to the sort of levels seen in March and April,...
article No sign of sustained Macau UnionPay clampdown: analysts
(Macau) -- The reported removal earlier this month of China Union Pay Co Ltd payment terminals from some retail premises in some Macau casinos seems neither to be part...
article Report: Chinese investor ‘fueling narrative’ against US military
(Macau) -- A recent report by the U.S.-China Economic and Security Review Commission, which was created by the U.S. Congress, says a Macau-based investment firm is...

6/25/2018

article China Trade War Potential Casualties Include U.S. Casinos In Asia
(Macau) -- As the U.S. and China steam toward a full-fledged trade war, American casinos across the world could become collateral damage. Since 2012, mainland China has...
article Macau gambling revenue up in June
(Macau) -- Macau’s gross gambling revenue is heading for a 20 per cent increase in June, helped by the opening of Melco Resorts’ Morpheus Hotel.
article Macau pawnshops resume Union Pay services after Cotai crackdown
(Macau) -- Some pawnshops within Macau casinos have resumed offering Union Pay services, possibly illegally, according to analysts from investment bank JP Morgan. In a...
article No sign of sustained Macau UnionPay clampdown: analysts
(Macau) -- The reported removal earlier this month of China Union Pay Co Ltd payment terminals from some retail premises in some Macau casinos seems neither to be part...

6/23/2018

article Grand Hyatt at City of Dreams Macau names Bruce as boss
(Macau) -- The Grand Hyatt Macau says its new general manager has over three decades of experience in the hospitality industry. Mr Bruce has held various culinary...
article Inside Macau’s new Zaha Hadid-designed Morpheus hotel, much more than just a casino
(Macau) -- Take one Iraqi-British architect, a Greek god, a brace of French chefs, a son of Stanley Ho Hung-sun, a couple of sterling designers, and mix well together...
article Macau May visitor data gives clues on GGR softness: MS
(Macau) -- Macau’s May tourism numbers, as released on Friday, hint at a partial misreading by the investment community of the reasons why the growth rate of Macau...
article Macau’s The 13 Hotel backer completes name change
(Macau) -- The promoter of The 13 Hotel (pictured), a tourism project on the Cotai-Coloane border in Macau, and that aspires to have an in-house casino, has completed...

6/22/2018

article SJM grants Ina Chan 3 million ordinary shares
(Macau) -- Ina Chan, a newly appointed executive director at SJM Holdings and third wife of former Chairman Stanley Ho, has been granted share options totaling 3 million...

6/21/2018

article ‘The 13′ casino faces new delays
(Macau) -- Maybe it’s all about the name. The casino simply called ‘The 13’ planned for Macau can’t seem to catch a break. Construction delays...

6/20/2018

article Dragon Corp calls Paradise City VIP room its “proving ground”
(Macau) -- Cryptocurrency firm Dragon Corp’s plans to build a floating casino in Macau appear to have sprung a leak but the company claims its VIP gaming business...
article The 13 Saga Drags On, Macau Hotel Requires Further Inspections
(Macau) -- The 13 resort in Macau’s Coloane Village has been a fiscal nightmare for investors, and the story scripted a new chapter this week when developers...
article Yearly profit up, revenue down at Macau’s Emperor Ent Hotel
(Macau) -- Profit at Macau casino hotel operator Emperor Entertainment Hotel Ltd increased 13.6 percent year-on-year in the 12 months to March 31, the firm said in a...
article Macau Canidrome Greyhound Track to Close, Concern Mounts Over Welfare of Dogs
(Macau) -- The Macau Canidrome, the enclave’s — and Asia’s — only dog racing stadium will shutter its doors tomorrow, June 21. Greyhound racing,...
article Hainan ‘Cashless Casinos’ Win-Win for Resorts, Potential Loss for Macau
(China) -- Cashless casinos, or so-called “entertainment bars” that allow patrons to gamble for credits, could jeopardize Macau’s gambling monopoly in...

6/19/2018

article Mixed views on Macau gambling ban for casino staff
(Macau) -- Two Macau gaming labour groups have expressed concerns to GGRAsia regarding the likely effectiveness of a proposed bill to ban the staff of the city’s...
article Paradise Ent pays US$16mln for Macau storage space
(Macau) -- Casino equipment maker Paradise Entertainment Ltd has struck a deal to buy warehousing space in Macau for HKD128.5 million (US$16.37 million). The agreement,...
article Casino Stocks Wynn, Las Vegas Sands Fall On Potential Threat To Macau
(Macau) -- News about potential "cashless casinos" on the Chinese resort island of Hainan appears to be pressuring Macau-exposed casino stocks like Wynn...

6/18/2018

article Bill submitted by Macau govt proposes banning casino workers from gambling
(Macau) -- The core policy-making organ of the Government of Macau, the Executive Council, on Friday announced during a press release a bill which proposes that gaming...

6/17/2018

article Casino workers gaming ban would require high-tech ID systems
(Macau) -- If proposed restrictions banning gaming workers from entering casino areas outside working hours are approved casinos would probably have to implement...

6/16/2018

article Casino designed by Zaha Hadid opens in Macau
(Macau) -- A flamboyant new casino designed by Zaha Hadid opened its doors in Macau on Friday, featuring futuristic curves and skeletal steel structures characteristic...

6/15/2018

article Melco Resorts to open luxury Macau hotel Morpheus today
(Macau) -- Melco Resorts will launch its new luxury hotel Morpheus at City of Dreams today. The US$1 billion hotel, designed by the late Zaha Hadid, has been described...
article Macau, ‘Las Vegas of Asia’, trades in casino chips for microchips as part of China’s tech ambitions
(Macau) -- With its skyline at night awash in fantastic neon colours, complete with its landmark Macau Tower, the iconic Grand Lisboa hotel and a replica Eiffel Tower,...
article Hadid-designed casino opens in Macau
(Hong Kong) -- A flamboyant new casino designed by the late Zaha Hadid opened in Macau yesterday, featuring futuristic curves and skeletal steel structures.

6/14/2018

article SJM Holdings Puts Its Money on Cotai Casino Reversing Downward Spiral of Gaming Operator That Once Ruled Macau Market
(Macau) -- SJM Holdings hopes its first casino resort on the Cotai Strip will turnaround the Macau casino giant’s dwindling market share in Macau.

6/12/2018

article Macau Extends Winning Streak To 22 Months
(Macau) -- Macau’s upswing is approaching two full years. The local government said that gross gaming revenue for the city’s casinos was $3.1 billion in May...

6/10/2018

article Gaming is the key draw for Macau visitors. Or is it?
(Macau) -- The government should create a prize (MOP1 million!) for those who can construct the definitive profile of the Chinese tourist in Macau. Only then will we be...

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