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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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Macau Gaming

6/20/2018

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...

6/8/2018

article Hainan waits for 2049
(Macau) -- Hainan – dubbed ‘the Hawaii of China’ - is not an immediate threat to Macau’s gaming dominance but what happens in this Special Economic Zone is too important...
article Macau casino shared take a battering amid fears of a new Chinese crackdown
(Macau) -- The financial markets have given Macau casino shares a beating this week amid speculation of a renewed crackdown by China on capital outflows. Part of the...

6/7/2018

article Macau Risks Transcend UnionPay Uncertainties, Hainan Hype
(Macau) -- As Macau scales its latest heights, never forget that it prospers solely at the sufferance of the authorities in Beijing. This month, those masters of Macau...
article Reports of fresh UnionPay crackdown rattle Macau casino investors
(Macau) -- The latest UnionPay crackdown has sent investors scurrying away from Macau casino stocks. Bloomberg reported that stocks of Macau casino operators continued...

6/6/2018

article Morpheus opening helps Melco stay ahead of the curve
(Macau) -- With the opening of Morpheus, Melco’s newest hotel on Cotai, scheduled for mid-June, the firm’s chairman and CEO, Lawrence Ho has underlined the...
article Jittery Casino Investors Weigh Risks of Macau Currency Crackdown
(Macau) -- Signs of a renewed crackdown by Macau to stem currency outflows are fueling investor jitters over casino stocks in the world’s biggest gambling hub.
article Macau Casino Stocks Tumble Four Days Straight After Missing ATMs Spark Fears of Renewed China Crack Down
(Macau) -- Macau casino stocks fell for the fourth consecutive day on Wednesday amid rumors that Beijing’s “anti-corruption” drive had escalated this...
article Macau casinos fear UnionPay mobile terminal crackdown
(Macau) -- Macau officials insist there’s no new crackdown on the use of China UnionPay mobile banking terminals in casinos, despite reports to the contrary.

6/5/2018

article Macau Casinos Drop for Fourth Day on China Crackdown Speculation
(Macau) -- Macau casino shares declined for a fourth straight day as speculation over a renewed clampdown on capital outflows by China added to concerns of a slowdown in...

6/3/2018

article Amid Stunning Recovery, Macau Casinos Still Have Room To Grow
(Macau) -- Less than two years ago, many wondered if Macau’s casino revenue would ever prosper again. Now, May’s 12% increase stands as a disappointment.
article Macau: a world of glitz
(Macau) -- The official ground-breaking ceremony for the much-anticipated casino resort complex that is due to open west of Limassol in 2021 will be held on June 8, and...
article Wall Street: World Cup soccer could slice into Macau gaming revenue during June
(Macau) -- Analysts quickly wrote off Macau’s lower-than-anticipated results from May and turned their attention to another concern – soccer’s 2018...

6/2/2018

article Cleaning up Asia’s casinos
(Macau) -- Asia now has all ten of the world’s largest casinos by gambling revenue – but some of the growth has been built on unsavoury foundations. Alex...

6/1/2018

article Casino stocks fall as Macau gaming revenue disappoints
(Macau) -- Shares of US-listed casinos that operate in Macau fell on Friday after the world’s largest gambling hub reported lower-than-expected revenues last month.

5/31/2018

article Tak Chun new VIP partner at Macau Roosevelt casino
(Macau) -- Macau junket investor Tak Chun Group is confirmed as the new VIP gambling partner at the casino inside the Macau Roosevelt Hotel (pictured) in the city’...

5/29/2018

article Macau court orders US$5,000 fine but no jail time for casino hub's youngest lawmaker
(Macau) -- A Macau court on Tuesday levied a fine of US$5,000 on the territory's youngest lawmaker, but no jail time, at the conclusion of a trial viewed as a test...

5/28/2018

article Macau will struggle to kick its gambling addiction
(Macau) -- MACAU wants to kick its gambling habit. The Chinese region's tourism chief reckons resorts can generate 40 per cent of their revenue from beyond the...

5/26/2018

article 11,000 Employees at the MGM Casino in Macau Eat Vegan Every Monday
(Macau) -- Meatless Monday, MooFree May, Meat Free Monday, Veganuary…plant-based campaigns are sprouting up around the world, each with its own unique spin but...
article Building a Better Macau
(Macau) -- Back in 2014, Macau’s gaming industry seemed like the bet that couldn’t lose. Andrew Klebanow remembers it well. “Macau was going at a run...

5/20/2018

article Macau gaming tycoon veers from Russia toward Japan
(Japan) -- Macau gaming mogul Lawrence Ho Yau-lung has told the Nikkei Asian Review that he gave up control of a casino resort in Russia late last year to improve his...

5/18/2018

article Border gate facilities slowing Macau growth: Wilfred Wong
(Macau) -- Sands China Executive Director, President and COO, Dr Wilfred Wong, says that the current border crossing facility between Macau and mainland China is holding...

5/16/2018

article Non-gaming revenue at 40pct good target: MGTO head
(Macau) -- Maria Helena de Senna Fernandes, director of the Macao Government Tourism Office (MGTO), said she would be pleased if the city’s casino industry could achieve...

5/13/2018

article Chinese police raid currency exchange stores near Macau border gate
(Macau) -- Local authorities have raided and shut down all currency exchange operations in the underground mall of Gongbei Port – located alongside the border gate...

5/10/2018

article Macau’s newest casino addition set to operate without junkets
(Macau) -- Melco Resorts and Entertainment is kicking off May with the grand opening of its brand new 160-meter tall Morpheus casino-hotel in Macau.

5/8/2018

article Asian Poker Tour not to postpone its scheduled Macau poker tournaments - CEO
(Macau) -- Philippines-based poker event organiser Asian Poker Tour (APT) told Macau News Agency (MNA) that its tournaments scheduled for November 27 and December 8 in...
article Casino op hopeful The 13 Holdings seals name change
(Macau) -- Hong Kong-listed The 13 Holdings Ltd says its proposed name change to “South Shore Holdings Ltd” was approved at a special general meeting of...

5/6/2018

article Melco's New $1 Billion Macau Hotel to Operate Without Casino Junkets: CEO
(Macau) -- Melco Resorts $1.1 billion hotel tower set to open in Macau next month will not resort to casino junket operators to lure in high rollers, as it bets on a...

5/4/2018

article Melco's new $1 bln Macau hotel to operate without casino junkets
(Macau) -- Melco Resorts$1.1 billion hotel tower set to open in Macau next month will not resort to casino junket operators to lure in high rollers, as it bets on a...

5/2/2018

article LeoVegas online casino fined for failing 11,000 addicts
(UK) -- A popular online casino has been fined £600,000 after failing to return deposits to more than 11,000 gambling addicts who had asked to stop being allowed to play.
article Mass market helps SJM to 4.6% first quarter increase
(Macau) -- A significant boost in the mass market segment saw Macau casino operator SJM Holdings report a 4.6% year-on-year increase in gross gaming revenue in 1Q18 to...

5/1/2018

article Casino stocks buoyed as Macau gaming revenue jumps
(Macau) -- Crapshooters are back in droves in Macau, boosting shares of the companies that operate casinos in the only part of China where gambling is legal.
article Macau revenue up 27.6% in April
(Macau) -- Gross gaming revenue in the Asian casino hub of Macau rose by 27.6% year-on-year during April according to new figures released by the Gaming Inspection and...
article Macau Casinos Surprise Analysts as Mass Gamblers Spur Growth
(Macau) -- Macau is beating analysts at their own game. Casino revenue in the world’s largest gambling hub rocketed past even the most bullish expectations in...

4/25/2018

article Macau legalizes Lucky Six baccarat side betting option
(Macau) -- In Macau, the Gaming Inspection and Coordination Bureau regulator has reportedly followed the example of its analogous organization in Singapore by approving...

4/24/2018

article Macau Visitor Arrivals Total 8.5 Million in Q1 of 2018
(Macau) -- Macau has experienced a strong start to 2018, with 8.5 million people visiting the island resort in the first quarter of 2018, marking an 8.6% increase...

4/23/2018

article China’s ‘Las Vegas’ is leaving billionaires behind in favor of the rising middle class — see inside the $3.4 billion mega-casino leading the charge
(Macau) -- Americans might be surprised to find out that the gambling capital of the world isn’t Las Vegas. It’s Macau. Gambling revenue in the former...
article Macau visitor numbers increase 9.3% in March
(Macau) -- Macau saw its visitor numbers grow by 9.3% year-on-year to 2,733,311 in March, according to information from the Statistics and Census Service (DSEC). The...

4/21/2018

article China's 'Las Vegas' is leaving billionaires behind in favor of the rising middle class — see inside the $3.4 billion mega-casino leading the charge
(Macau) -- Americans might be surprised to find out that the gambling capital of the world isn’t Las Vegas. It's Macau. Gambling revenue in the former...

4/19/2018

article Sands China Progresses Work on The Londoner Prior to Casino Re-Licensing in 2020
(Macau) -- The gambling field in Macau has a wide variety of options on offer and many diverse options for gambling. Sands China is one of the progressive casino...
article Macau | SJM to introduce new energy shuttle bus service in May
(Macau) -- The Sociedade de Jogos de Macau, S.A. (SJM) announced on Thursday that it will introduce a new ‘energy shuttle bus service’ starting from May 2018...
article Melco Resorts buys 20 electric buses
(Macau) -- Melco Resorts has purchased 20 electric buses to transport guests between its three Macau integrated resorts – City of Dreams, Studio City and Altira...

4/18/2018

article Macau 1Q VIP likely grew 2ppts higher than govt data: MS
(Macau) -- Casino VIP gross gaming revenue (GGR) growth in Macau in the first quarter was likely two percentage points higher than the official data suggested, due to so...
article Macau | The Londoner theme chosen after extensive survey - Wilfred Wong
(Macau) -- The President of Sands China Ltd, Wilfred Wong, said this Wednesday that extensive research and survey with Chinese and Hong Kong tourists to the Macau SAR...
article Wynn Resorts to Tighten Loan Safeguards on Macau Casino Boom
(Macau) -- This gaming company is dealing its existing lenders a good hand, in a rare example of a junk-rated corporate actually increasing safeguards on a loan.

4/17/2018

article Macau gaming recovery very broad-based: JP Morgan
(Macau) -- Brokerage JP Morgan Securities (Asia Pacific) Ltd says it sees “telltale signs of sustainable upcycle” in the Macau gaming market, following a...
article Macau | VIP and mass up 21 pct and 20 pct y-o-y, respectively, in Q1 2018
(Macau) -- VIP gross gaming revenues increased 21 per cent year-on-year in the first three months of 2018 in the Macau SAR to MOP42.95 billion, with mass market rising...

4/15/2018

article Daisy Ho – daughter of retiring Stanley Ho – named chairwoman of SJM Holdings
(Macau) -- Daisy Ho Chiu Fung is to take over as chairman of SJM Holdings Ltd, the Macau casino business founded by her father Stanley Ho Hung Sun (pictured), and which...
article Macau official downplays Hainan tourism threat
(Macau) -- Macau’s Secretary for Economy and Finance, Lionel Leong Vai Tac, said on Sunday that he does not expect a recent central government announcement...

4/13/2018

article 'Godfather' of gambling: Macau magnate Stanley Ho
(Macau) -- Macau gambling tycoon Stanley Ho, who has announced his retirement from his flagship company SJM, made his riches by transforming neighbouring Macau from a...

4/12/2018

article Hong Kong billionaire Stanley Ho to step down from casino empire, aged 96
(Hong Kong) -- Stanley Ho became the latest Hong Kong billionaire to step away from the empire he built, passing along the top roles at casino operator SJM Holdings Ltd...
article Macau casino magnate Stanley Ho to retire
(Hong Kong) -- Macau gambling tycoon Stanley Ho will step down from his flagship casino empire SJM Holdings, the company said late Thursday, as the 96-year-old magnate...
article Macau gambling tycoon Stanley Ho, 96, will retire as chairman of casino operator SJM Holdings
(Hong Kong) -- Macau gambling king Stanley Ho, one of Asia’s richest men, will retire as chairman of SJM Holdings at the forthcoming annual general meeting on June...
article Stanley Ho to retire, Daisy Ho to chair SJM Holdings
(Hong Kong) -- Stanley Ho Hung Sun, widely seen as the founder of Macau’s modern gaming industry, will step down from his flagship casino company SJM Holdings, the...

4/11/2018

article Rarified, delicate Cantonese cuisine in the Vegas of Asia
(Macau) -- Blink and you’ll miss it. Oh, wait, there’s no possible way to miss it. It’s a golden egg, 20 feet high, rotating in the middle of a densely...

4/9/2018

article China property tycoons bet that gambling will come to Hainan
(China) -- In China’s southernmost province of Hainan, inside a glittering skyscraper shaped like a sail, Zeng Xianyun has been waiting for Xi Jinping, in more...
article Macau casino 1Q property EBITDA likely up 26pct: MS
(Macau) -- Macau casino operators collectively are likely to have seen property-based earnings before interest, taxation, depreciation and amortisation (EBITDA) rise by...
article Macau casino labour group wants upped maternity, bonus
(Macau) -- Members of a Macau gaming labour activist group delivered on Monday copies of petitions to venues respectively operated by the city’s six casino...
article Tighter junket deposit controls flagged by Macau govt
(Macau) -- A senior official says the Macau government needs to signal to local casino junket operators, via fresh legislation and updated regulation, that some...

4/8/2018

article Macau gaming tax revenue up 24.7% in January and February
(Macau) -- The Macau government raised MOP$17.6 billion through direct taxes on the gaming industry through the first two months of 2018, up 24.7% on the MOP$14.1...

4/7/2018

article Macao: Much more than the Vegas of the East
(Macau) -- The Vegas of the East is also the Lisbon of China Feeling Wong may speak limited English but he finds the words for the important stuff. "Whiskey?"...

4/4/2018

article Macau visitor numbers down over holiday weekend
(Macau) -- In Macau, visitorship over the Easter holiday was down 4.7 percent compared with the same time last year, with the former Portuguese territory seeing a total...

4/2/2018

article Macau $3.2B March GGR beats analysts’ estimates
(Macau) -- Macau casinos roared back to life with a 22-percent increase in gross gaming revenue (GGR) for March, catching many financial analysts by surprise. Data from...
article Macau Marks 22-Percent Gross Gambling Revenue Surge in March
(Macau) -- The world’s largest gambling hub has been marking a steady growth of gaming revenue for the past several months and this could be easily seen with the...
article Macau’s Casinos Boast 22 Percent Gains in March, Analysts Bullish
(Macau) -- Macau’s casino revenues increased by 22 percent in March to $3.21 billion, the biggest upturn in eight months. It’s the 20th consecutive rise for...

4/1/2018

article 10th Anniversary Celebration of iGaming Asia Congress
(Macau) -- The iGaming Asia Congress celebrated its 10th year of bringing a worthwhile gaming experience to corporate-level entrepreneurs in mobile gaming, sports...
article Macau casinos post 22% revenue gain in March
(Macau) -- Gambling revenue in the Chinese territory of Macau posted a 22 percent gain for the month of March, due to sustained demand for gambling in the country's...

3/28/2018

article CSCEC Unit Buys Macau Retail Project From Sniper Capital for $102M
(Macau) -- China State Construction International (CSCI), a Hong Kong-registered subsidiary of China State Construction Engineering (CSCEC) has teamed up with another...
article Record Stock Streak Enriches Casino Tycoon by $12 Billion
(Macau) -- Macau’s top casino operator is on a record winning streak as the effects of a Chinese anti-graft campaign fade -- and that’s enriching its owner...

3/23/2018

article Could China learn anything from Macau’s standing in the gambling world?
(Macau) -- Located on the Western side of the Pearl River Delta, Macau is a remnant of European colonialism. A former Portuguese trading port, the city's governance...

3/22/2018

article Two Casinos Reach Out to Macau’s Health Bureau Applying for 12 Smoking Lounges
(Macau) -- Today, the Health Bureau (SS) of Macau revealed that it has been reached out by two casinos applying to build a total of 12 smoking lounges in their...
article When a Casino becomes home
(Macau) -- Lei and Wah have different lives and motivations but they share something in common: at certain points in their lives they spent more time gambling in casinos...

3/20/2018

article Ho believes six gaming licences are enough for Macau
(Macau) -- Chairman and Chief Executive of Macau casino license holder Melco Resorts and Entertainment Ltd, Lawrence Ho, stated on the sidelines of an event on Monday...

3/14/2018

article Las Vegas Sands Founder Sheldon Adelson Wants to Build More in Macau
(Macau) -- Sheldon Adelson’s Las Vegas Sands already controls about 35 percent of Macau’s available four and five-star hotel rooms, but the billionaire still...

3/13/2018

article Beijing Spies on Chinese Officials Gambling in Macau, Says Senior Lawmaker
(Macau) -- The Chinese mainland officials who once piled the proceeds of their embezzlement onto the baccarat tables of Macau are a thing of the past, according to Ho...

3/12/2018

article Casino Exec Recommends More Gaming Concessions in Macau
(Macau) -- Macau-based CEO and Co-Chairman of Macau Legend Development Limited, David Kam Fai Chow thinks the local gambling market could take two or three more gaming...
article Macau casino cameras mean no dice for corrupt Chinese officials [sub req]
(Macau) -- The use of facial recognition technology to identify individuals entering casinos in Macau as part of Beijing’s anti-corruption drive has all but eradicated...

3/11/2018

article The 13 Macau Owner Changing Name to South Shore Holdings, Hotel Targets April Opening
(Macau) -- The 13 Macau casino saga continues. In a notice filed this week with the Hong Kong Stock Exchange, the parent company to the project says it’s renaming...

3/7/2018

article Macau casino moguls up in Forbes Billionaire list 2018
(Macau) -- Most gaming moguls with business interests in the Macau SAR have increased their net worth in the latest Forbes Billionaires list from a year earlier. Leading...
article Gaming | 2018 and whether it will be the year of the mass-market breakout
(Macau) -- The old joke, put 10 economists in a room and you will find 11 opinions, can be applied to analysts too, who seldom agree on anything.

3/5/2018

article Macau has horse racing? New deal gives ailing track a 24-year lease of life and ensures the sport won’t go to the dogs
(Macau) -- Macau’s controversial Canidrome greyhound track will close in July but last week the Macau Jockey Club was assured it would not go to the dogs as well...

3/2/2018

article Casino revenue growth in Macau fails to meet expectations in Feb
(Macau) -- Falling short of analysts’ expectations, gambling revenue in Macau saw only a 5.7% increase in February in spite of the Lunar New Year holiday, during...
article Casino revenue growth in Macau fails to meet expectations in Feb
(Macau) -- Falling short of analysts’ expectations, gambling revenue in Macau saw only a 5.7% increase in February in spite of the Lunar New Year holiday, during...
article Macau Casino Revenue Higher by Just 5.7% in February
(Macau) -- Macau’s casino market saw its gross gaming revenue rise by 5.7% to US$3.01 billion in February, according to the latest information released by the...

3/1/2018

article Macau steps up efforts to lure mass market punters
(Macau) -- Las Vegas Sands and Wynn Resorts are stalwarts of the US gambling industry but their profits — and their prospects — depend on tempting new...
article Macau's Casinos Have Been Relying On VIPs, But The Mass Market Is Crucial To Future Growth
(Macau) -- Everyone agrees Macau’s future lies with the mass market, not VIPs. No one can agree on when that future will begin, though. Macau’s recovery...

2/28/2018

article Casino Grand Lisboa income drops
(Macau) -- Casino Grand Lisboa revenues for the year ended December 31, 2017, grew by 5.8 percent to HK$14.86 billion, SJM Holdings (0880) said today. Profit...
article Chinese VIPs bring better-than-expected 2017 revenue for Galaxy Entertainment
(Macau) -- Net profit of Macau-based casino operator Galaxy Entertainment Group (GEG) soared 67 percent in 2017 as Chinese high rollers returned to the world’s...
article Macau casino revenue growth falls short of expectations in Feb
(Massachusetts) -- Gambling revenue in the Chinese territory of Macau rose 5.7 percent in February, less than analysts had expected for the big-spending holiday period...

2/27/2018

article CNY timing drives January arrivals to Macau down 5pct
(Macau) -- The number of visitor arrivals to Macau during January fell by 4.7 percent year-on-year according to data released on Monday by the city’s Statistics...
article Macau Jockey Club concession extended to 2042: govt
(Macau) -- The Macau Horse Race Co Ltd, which runs Macau Jockey Club, is to get an extension of its horse racing betting concession for a period of 24 years and six...
article Macau visitors spending more, enjoying themselves less
(Macau) -- Macau welcomed a higher number of tourists in 2017 but a smaller slice of this tourist horde came away with a good impression of the world’s top...
article No meaningful upping of Macau non-gaming on cards: MS
(Macau) -- Macau casino operator non-gaming revenue “may never reach” the heights of the Las Vegas market in the United States, where it accounts for...
article The 13 casino may open next year
(Macau) -- The casino and retail shops at the long-delayed The 13 Hotel may open in March 2019, according to a filing by the operating company to the Hong Kong Stock...

2/26/2018

article Macau visitors spending more, enjoying themselves less
(Macau) -- Macau welcomed a higher number of tourists in 2017 but a smaller slice of this tourist horde came away with a good impression of the world’s top...
article Unlucky 13 Casino in Macau Facing Further Opening Delays to March 2019
(Macau) -- The 13, as the casino in Macau’s Coloane Valley is known, may be regretting its choice of an unlucky number for its nomenclature. The gaming venue has...

2/24/2018

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

2/23/2018

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

2/21/2018

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

2/14/2018

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

2/8/2018

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

2/7/2018

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

2/2/2018

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

2/1/2018

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

1/30/2018

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

1/29/2018

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

1/26/2018

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

1/23/2018

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

1/22/2018

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

1/21/2018

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

1/20/2018

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

1/19/2018

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

1/18/2018

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

1/17/2018

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

1/16/2018

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

1/15/2018

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

1/14/2018

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

1/12/2018

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

1/11/2018

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

1/10/2018

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

1/9/2018

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

1/8/2018

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

1/7/2018

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

1/5/2018

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

1/4/2018

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

1/3/2018

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

1/2/2018

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

1/1/2018

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

12/31/2017

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

12/27/2017

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

12/26/2017

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

12/22/2017

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

12/21/2017

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

12/20/2017

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

12/19/2017

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

12/17/2017

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

12/15/2017

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

12/12/2017

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

12/9/2017

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

12/8/2017

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

12/7/2017

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

12/6/2017

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

12/5/2017

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

12/3/2017

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

12/2/2017

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

12/1/2017

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

11/30/2017

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

11/29/2017

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

11/27/2017

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

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