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The Money Lost at Macau Table Games Will Shock You

Macau is by far the biggest gambling market in the world, generating $31 billion in gambling revenue over the past year, compared to just $6.5 billion on the Las Vegas Strip. And Macau's casinos aren't filled with slot machines as Las Vegas' are. The region got 87% of its gambling revenue from baccarat in 2016. Sixty-one percent of that baccarat play was in VIP rooms reserved for high rollers.

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Macau Gaming

1/18/2019

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

1/16/2019

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

1/14/2019

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

1/11/2019

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

1/10/2019

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

1/9/2019

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

1/8/2019

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

1/7/2019

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

1/4/2019

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

1/3/2019

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

1/2/2019

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

1/1/2019

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

12/31/2018

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

12/30/2018

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

12/28/2018

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

12/27/2018

article HZMB causes Nov visitor arrivals to jump 15 pct
(Macau) -- The opening of the HKZM bridge led to a 15.3 percent increase in visitors to Macau in November, reaching 3.3 million, according to data from the Statistics...
article No clarity in concession countdown
(Macau) -- The first of Macau’s six casino concessions expires in less than 18 months, though the operators who have invested billions in the territory still have...

12/26/2018

article New HKZM bridge drives up visits to Macau
(Macau) -- The first full month of the Hong Kong-Zhuhai-Macau (HKZM) bridge being opened saw a 15.3% year-on-year increase in visitor arrivals to Macau. The Macau...

12/25/2018

article Reports Of Macau Demise Greatly Exaggerated, Tokyo Mon Amour, More 2019 Trends
(Macau) -- Every year, I forecast key trends and events for the next 12 months then grade those predictions at the end of year. Here are forecasts for 2019. Reports of...

12/23/2018

article COHEN: Macau Casino Concession Clarity Still Not In The Cards
(Macau) -- Here’s the report card on my predictions for 2018. Macau concession extension: I predicted that Macau’s government would extend the casino concession for SJM...

12/22/2018

article Macau Expected to Post Record Visitation Tally in 2018
(Macau) -- Macau casinos have reduced their focus on the high roller VIP, and their transition to the mass market is leading to record visitation traffic in the Chinese...

12/21/2018

article Fitch maintains Macau’s “AA” rating on the back of gaming industry strength
(Macau) -- Ratings agency Fitch Ratings has affirmed Macau’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at “AA” with a Stable Outlook,...

12/20/2018

article Concerns Raised That US Casino Operators in Macau Could Be Targeted in US-China Trade War
(Macau) -- US casino operators licensed in Macau – Las Vegas Sands, MGM Resorts, and Wynn Resorts – could become targeted by Chinese authorities in...
article How quants at Value Partners pick Macau’s casino winners
(Macau) -- Investors in Macau’s listed casino operators have long relied on forecasts of gaming revenue for a steer on which operators to back. But one fund...

12/19/2018

article SJM to add 100 smoking lounges for casinos
(Macau) -- Casino operator SJM Holdings plans up to 100 more smoking lounges for its numerous casino hotels running under its gaming concession, even as it awaits...

12/18/2018

article Lawmakers pass bill banning off-duty gaming staff from casinos
(Macau) -- The Legislative Assembly (AL) Tuesday passed a government-initiated bill banning off-duty gaming staff from entering local casinos, with the aim of reducing...

12/17/2018

article Chief Executive: Ban on foreign croupiers here to stay
(Macau) -- Chief Executive Chui Sai On has backed last week’s stance from the Secretary for Economy and Finance, who asserted that the Macau SAR would not lift the...
article Macau legislators approve off-duty casino entry ban
(Macau) -- Macau’s Legislative Assembly approved on Tuesday a government-backed bill proposing a ban on the city’s gaming workers entering casino floors...
article Macau’s December GGR estimates revised upwards
(Macau) -- Brokerage Bernstein has revised its December GGR estimates for Macau upwards, with revenue now tipped to grow by between 12% and 15% year-on-year to between...
article Will US firms’ Macau casino licences get politicised by US-China trade war? Don’t bet on it
(Macau) -- As the US-China trade war escalates, with all economic ties between the two countries at risk of being politicised, investment banks and fund managers are...

12/16/2018

article Final read-vote Tuesday on Macau off-duty casino entry ban
(Macau) -- Macau’s Legislative Assembly is scheduled to hold on Tuesday (December 18) afternoon a final reading debate and vote on a government-backed bill...

12/14/2018

article Jim Chanos Says He's Been Shorting Casino Stocks Since Summer
(Wall Street) -- Notable short seller Jim Chanos, the founder and President of Kynikos Associates, told CNBC's Sara Eisen in an interview Thursday he has been short...

12/11/2018

article Macau’s GGR expected to grow in December
(Macau) -- Bernstein Research has released its first estimations for December’s gross gaming revenue (GGR) in Macau and indicated that it is expecting an 8% to 10...
article SJM asks Macau govt for more tables
(Macau) -- Ambrose So Shu Fai, SJM Holdings’ vice chairman and chief executive, said that the company is set to ask the government for 300 to 500 new gaming tables...
article US Macau casino execs now need to watch their backs
(Macau) -- If there was ever any lingering doubt that the bureaucrats deep inside the Trump Administration had long since lost their minds – which presupposes that...
article Macau Casino Unions Want Three Percent Pay Increase in 2019
(Macau) -- Macau casino unions that represent thousands of gaming industry workers are demanding their members receive at least a three percent wage increase in 2019.

12/10/2018

article Macau December GGR hinting at better than expected growth
(Macau) -- Macau’s gross gaming revenue (GGR) is trending “better than expected” over the first nine days of December, suggesting year-on-year growth...

12/9/2018

article Quality of service in Macau casinos ranks only average
(Macau) -- Apparently, if you want outstanding service in a casino, Macau may not be the destination. A report released in the latest Macau Gaming Service Index (MGCI)...

12/7/2018

article OP/ED: Chips are Down in Macau for America’s Casino Kings
(Macau) -- If any worsening of the trade war leads China to call for a boycott of U.S. companies, America’s casino kings will be sweating. Three American companies...

12/5/2018

article Macau Gambling Slowdown to Trip Up Casino Stocks, Analyst Says
(Macau) -- A slowdown in Macau prompted UBS to lower its estimates for big casino operators.

12/4/2018

article Government in the catbird seat
(Macau) -- The end of the current gaming concessions and sub-concessions is approaching. But in any scenario the Macau government is comfortable, argue two experts in a...

12/3/2018

article Macau casinos post 28th consecutive month of growth
(Macau) -- Macau’s Gaming Inspection and Coordination Bureau announced monthly casino revenue of MOP25bn ($3.1bn) for November; a 9% increase year-on-year. The...
article Morpheus: Through The Lens Of French Photographer, Julien Carlier
(Macau) -- French director and photographer Julien Carlier is well-known for working with the world's biggest fashion and luxury brands.
article Nevada casino company stock prices boosted by Macau results, trade war truce
(Nevada) -- The stock values of Nevada-based casino operators in Macau were given a boost Monday when the region exceeded expectations with an 8.5 percent gaming revenue...

12/2/2018

article Nov. revenue growth tops analysts’ estimates
(Macau) -- Macau gaming revenue growth topped analysts’ estimates in November, as casino operators regained some momentum following months of weakness tied to...

12/1/2018

article Macau casino revenue shines in November
(Macau) -- Macau gross gaming revenue jumped 8.5% in November to 25.0B patacas in a mark that outpaces the growth seen in September and October, according to data from...
article Macau Gaming Growth Tops Forecasts After Months-Long Slowdown
(Macau) -- Macau gaming revenue growth topped analysts’ estimates in November, as casino operators regained some momentum following months of weakness tied to...

11/30/2018

article Latin American Criminals Go to China to Launder Money
(Macau) -- In August 2018, a special jury in Colorado pressed charges against 16 narcotraffickers who moved cocaine from Mexico to the United States and laundered money...
article Macau economy expected to grow 4.9% in 2018/2019 – Economist
(Macau) -- Macau’s economy is expected to post average growth of 4.9% in 2018/2019, by 5.8% this year and 3.9% in 2019, according to the latest report from the...

11/26/2018

article Macau govt mulls ‘illegal’ junket deposit penalties
(Macau) -- The Macau authorities are “highly concerned” about any “unlawful deposits” of capital placed with the city’s gambling junket...

11/22/2018

article Macau predicts 2019 gaming tax revenues to top $11 billion
(Macau) -- In Macau, government officials have reportedly announced that they expect to collect some $11.28 billion in direct taxes from gaming next year in order to...
article Macau’s gaming tax revenue in 2019 estimated at US$11.375 billion
(Macau) -- Gaming and gambling in Macau Is expected to provide tax revenue of 91 billion patacas (US$11.3 billion) next year, according to the forecast included in the...

11/21/2018

article Macau targets illegal gambling websites
(Macau) -- The Chinese territory of Macau has turned into one of the biggest gambling hubs in the world. However, in order to maintain a profitable business, the...

11/20/2018

article Macau fights casino brand-poaching online gambling sites
(Macau) -- Macau authorities are asking international telecom operators to help crack down on online gambling sites using Macau casino operators’ brands.

11/16/2018

article Casinos Face Uncertainty as Macau May Push Out Licensing Bids
(Macau) -- Macau’s government signaled it may push out the timeline for casino operators to bid for licenses, a move that will bring uncertainty for an industry...

11/13/2018

article China Built the World’s Largest Gambling City. Can It Keep Growing?
(Macau) -- Since Macau opened its doors to Las Vegas operators 16 years ago, annual revenue at the Chinese territory’s casinos has surged tenfold, to $33 billion,...

11/12/2018

article Macau junkets more capable now: DICJ boss
(Macau) -- Paulo Martins Chan, the director of Macau’s Gaming Inspection and Coordination Bureau – a body also known by its Portuguese acronym DICJ –...

11/11/2018

article It's all going dark again in the gambling capital of the world
(Macau) -- We know that China's economy is slowing dramatically, and one of the places where you can see that very clearly is Macau, the gambling capital of the...
article Studio City resists slump as analysts gear up for coverage
(Macau) -- Studio City International Holdings Ltd., which has outperformed other Macau gaming companies in its first few weeks as a public company, faces a key test...

11/10/2018

article More Visitors to Macau Casinos Being Busted for Illegal Smoking in 2018
(Macau) -- More people are being fined for smoking in unauthorized areas of Macau casinos this year, even as the overall rate of violations throughout the city has...

11/9/2018

article Macau court rules Wynn jointly liable for junket deposit
(Macau) -- Macau’s Court of Second Instance has ruled that casino operator Wynn Macau Ltd was jointly liable for the refund of a chip deposit worth HKD6 million (...
article SJM Holdings to consolidate its Hong Kong offices in Shun Tak Centre
(Macau) -- Sociedades de Jogos de Macau S.A. (SJM Holdings) has sold the 18th floor of China Merchants Tower, Shun Tak Centre for HK$680 million (US$86.9 million) to...
article Ambrose So confirms overbridge linking Lisboa Palace, Wynn
(Macau) -- An overpass bridge will be built in 2020 linking the integrated resorts Lisboa Palace and Wynn Palace, the chairman of the board of directors of SJM, Ambrose...

11/8/2018

article Macau sector hit by Wynn slowdown warning
(Macau) -- Shares of Wynn Resorts (NASDAQ:WYNN) are down 14.3% premarket after the company warns during the earnings conference call (transcript) of a "slowdown...
article Wynn Resorts Stock Is Down as Analysts Worry About Macau Gaming Results
(Las Vegas) -- Wynn Resorts (WYNN) is tumbling on Thursday after reporting third-quarter earnings. Where we were: Wynn has been hit harder than most casino operators...

11/7/2018

article Positive prediction for Macau casino market
(Macau) -- In Macau, Economy and Finance Secretary Lionel Leong Vai Tac (pictured) has reportedly declared that he expects this year’s aggregated gross gaming...

11/6/2018

article ABARBANEL: Performance of US-linked gaming operators more important for concession renewal than political factors
(Macau) -- Macau authorities will probably look more into the operational aspects and performance of US linked gaming operators looking to renew their concession than...
article Macau's gaming market has the potential to be 'much larger': MGM chief
(Macau) -- The world's largest gaming market has the potential to grow even bigger, according to the head of casino giant MGM. Macau, the gambling haven located in...

11/4/2018

article US trade union investigating firms linked to Angela Leong
(Macau) -- A U.S.-based trade union has submitted a letter addressed to macau’sthe Court of Final Instance asking for clarification on the interests of lawmaker...

11/1/2018

article Casino Stocks Rip As China's Macau Territory Has Highest Monthly Revenue In 4 Years
(Macau) -- Casino stocks traded notably higher Thursday in reaction to encouraging data from Macau, considered to be the gaming capital of the world. Casinos operating...
article Macau casinos post highest monthly revenue since 2014
(Macau) -- The Chinese territory of Macau posted its highest monthly revenue since 2014 in October, bolstered by solid demand from Chinese punters keen to play in the...
article Macau Casinos Take In Record $3.38 Billion In October 2018
(Macau) -- Macau posted its highest monthly revenue in four years as the gaming capital of the world reported revenues of 27.3 billion patacas ($3.38 billion) last month.
article Macau sector revs higher after Beijing meeting
(Macau) -- Macau casino stocks are higher on encouraging signs from Beijing that stimulus measures could be in the works.

10/31/2018

article Macau casinos post 2.6 pct gain in October revenue
(Macau) -- Gambling revenue in the Chinese territory of Macau rose 2.6 percent in October from a year earlier to 27.3 billion patacas ($3.38 billion), the highest...

10/29/2018

article Galaxy Phase 3 launch to be delayed to mid-2020: Govertsen
(Macau) -- The launch of the first stage of Galaxy Macau’s Phase 3 development will likely be postponed until mid-2020 due to delays in acquiring various...
article Junket concerns has Rich Goldman eyeing further diversification
(Macau) -- Macau gaming investor Rich Goldman Holdings, formerly known as Neptune Group, says it will look for further opportunities to diversify its business interests...
article Macau To Sustain 'Heavier Pressure' In Economy 2019
(Macau) -- Macau is slated to face economic hurdles in 2019 as the U.S.-China trade tension continues, a local scholar remarked. Although some analysts noted that the U....
article Sands China unconcerned by US-China trade war, looming Macau re-tendering
(Macau) -- Sands China Ltd is unconcerned by potential negative impacts of the US-China trade war on its Macau gaming operations, nor by the impending re-tendering...

10/26/2018

article Sands to invest over $2bn in Macau
(Macau) -- Las Vegas Sands Corp will invest more than $2bn in its Macau operation over the next two years as the company gears up for the renewal of its licence in the...
article Mass drives Galaxy to 3Q18 growth despite challenges
(Macau) -- Galaxy Entertainment Group saw its net revenue grow 6% year-on-year to HK$13.0 billion and Adjusted EBITDA 10% to HK$3.9 billion in 3Q18, the increases coming...

10/25/2018

article LVS To Plow $2 Billion into Macau Ops as License Renewal Looms
(Macau) -- LVS Corp believes its investments in Macau over the last 14 years have been enough to persuade officials that it deserves license renewal in 2022 when all...

10/24/2018

article Galaxy, Sands welcome first guests via Hong Kong-Zhuhai-Macau Bridge
(Macau) -- Galaxy Entertainment Group announced on Wednesday the launch of its own shuttle bus service transporting passengers between its Cotai integrated resort Galaxy...
article Macau casinos could be off-limits to off-hours junket staff
(Macau) -- Macau casino junket operator employees will be barred from local gaming floors if they’re not working, according to new rules proposed by Macau...
article Macau junket workers added to list of employees banned from casino floors
(Macau) -- Macau junket workers have been added to the list of employees to be banned from entering the city’s gaming floors under a law currently being revised by...

10/23/2018

article Beijing’s Top Man in Macau Dies in ‘Suicide’ Plunge
(Macau) -- Zheng Xiaosong, China’s chief official in Macau, is reported to have died after falling from a building on Saturday night. His body was found with no...
article Macao is not just the 'Las Vegas of the East'; its unique architecture, history make it mesmerising
(Macau) -- Macao is not only about gambling, casinos and luxury entertainment. Its Portuguese past mingles with the present to create a unique architecture, history and...

10/22/2018

article Blockchain-based casino project to be launched for Macau
(Macau) -- Maltese investments firm, Wide Rich Global Company, is hoping to bring in up to $1 billion via a virtual currency initial coin offering (ICO) in order to...
article Macau government rakes in almost MOP$10 billion in gaming taxes in September
(Macau) -- The Macau government’s direct taxes from gaming grew 17.0% to MOP$80.3 billion through the first nine months of 2018, including MOP$9.6 billion in September...

10/20/2018

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...
article China says top Macau official falls to death from building
(Macau) -- China's head representative to Macau died after a fall from his residential building, the central government said Sunday. Zheng Xiaosong, the director of...

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...

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