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American electronic gaming company GameCo Inc. will apply for an MSAR gaming license and product licensing in the coming months, the company’s CEO, Blaine Graboyes, told Business Daily.

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Macau Gaming

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...

11/26/2017

article Can Macau Casinos Sustain Las Vegas-Style Entertainment?
(Macau) -- The biggest show in Macau looks a lot like something you might find in Las Vegas. Running at least five nights a week at Melco Crown Entertainment’s...
article Loan sharking crimes decrease in Macau after Judiciary Police crackdown
(Macau) -- Macau’s Judiciary Police appear to be making progress in the city’s fight against illegal loan sharking and the unlawful detention of gamblers, after crimes...
article Macau pulls out the stops to attract gamblers with private jets and performances
(Macau) -- Macau’s biggest junket operator is rewarding its high rollers with travel packages to attend the Kennards Hire Rally car race in Australia and a limited...

11/23/2017

article Macau will hold casino attack drill as city prepares terror safety strategy
(Macau) -- Macau’s six casino operators and the city’s law enforcement officials will carry out a mass terror drill in the gambling district early next year...

11/22/2017

article Private Jets to Concerts Rolled Out to Woo Gamblers to Macau
(Macau) -- Macau’s biggest junket operator is rewarding its high rollers with travel packages to attend the Kennards Hire Rally car race in Australia and a limited...

11/19/2017

article Macau concession talks to add volatility in 2018: Nomura
(Macau) -- Assuming that the debate on the eventual refreshment of gaming concessions in Macau is likely to start next year, Japanese brokerage Nomura said in a note it...

11/16/2017

article Macau to place greater focus on regulation of gaming industry in 2018
(Macau) -- The Macau government, in its annual policy address for 2018, says there are plans to place greater focus on regulation of the gaming industry. That includes...
article Macau Will ‘Strengthen’ Gaming Regulations, Posing Risk To Casino Boom
(Macau) -- Authorities in Macau said that they would evaluate and tighten up gambling laws and plan to increase restrictions on junket operators in January, potentially...
article The 13 Still Hasn’t Submitted a Macau Gaming Application, and Permits Are Running Dry
(Hong Kong) -- The 13, an ultra-luxury resort concept from flamboyant Hong Kong businessman Stephen Hung, has ran up a construction tab of over $1.6 billion.

11/15/2017

article Opinion | Deal the deck, forget the past, fear the future in Macau
(Macau) -- No hotshot gambler tells epic stories about losing money. It’s the winning hand people want to hear about. But blocking out memories of preventable...

11/14/2017

article Macau to Bolster Casino Oversight Ahead of License Renewals
(Macau) -- Macau regulators are strengthening their oversight of the almost $30 billion casino industry as they plan to release details next year of the renewal process...
article Macau Will 'Strengthen' Gaming Regulations, Posing Risk To Casino Boom
(Macau) -- Authorities in Macau said that they would evaluate and tighten up gambling laws and plan to increase restrictions on junket operators in January, potentially...

11/13/2017

article Real estate investors set to buy up Macau’s Landmark Casino
(Macau) -- Macau Legend Development Ltd is reportedly set to sell the Landmark Macau casino for a price of around HKD4.6 billion ($821 million) – but the buyer...

11/12/2017

article Macau Legend sells Landmark to real estate investor
(Macau) -- David Chow’s Macau Legend Development Ltd has announced in a filing to the Hong Kong Stock Exchange its intention to dispose of 100 percent equity in...

11/9/2017

article Macau Shows High Level of Smoking Ban Violations
(Macau) -- Macau’s Health Services recently issued a research which shows a striking percentage of people violating the smoking ban which is regulating the area....

11/8/2017

article GGR in Macau to reach $53bn
(Macau) -- Analysts from Morgan Stanley revealed in a note on Tuesday that gross gaming revenue (GGR) in Macau could be as high as US$53 billion in 2022 due to an...
article MGM China operating profit down almost 60pct in 3Q
(Macau) -- Hong Kong-listed MGM China Holdings Ltd recorded operating profit of US$35 million for the third quarter of 2017, in accordance with U.S. Generally Accepted...
article Macau casino operator Galaxy 3Q revenue up 23 pct
(Macau) -- Macau casino operator Galaxy Entertainment Group Ltd produced third-quarter revenue of HKD15.9 billion (US$2.04 billion), up 23 percent year-on-year and up 10...

11/5/2017

article Phased revamp of Cotai Central into The Londoner: Sands
(Macau) -- U.S.-based casino operator Las Vegas Sands Corp says redevelopment of its Sands Cotai Central casino resort in Macau into The Londoner Macao will “be...
article Macau Gastronomy Recognized by UNESCO, Mirrors Las Vegas as Nongaming Draws Expand
(Macau) -- Macau culinary excellence is now right behind Las Vegas, as both gaming destinations are finding award-winning fine dining is proving to be an effective path...
article Macau GGR to continue growing in 2018: govt
(Macau) -- Macau’s Secretary for Economy and Finance, Lionel Leong Vai Tac (pictured), said on Friday the local government was forecasting casino gross gaming...

11/4/2017

article Galaxy Entertainment First Macau Gaming Operator to Accept WeChat Pay
(Macau) -- Galaxy Entertainment, one of just six licensed gaming operators in Macau, announced this week that it will soon begin accepting WeChat Pay mobile transactions...

11/3/2017

article Sands Cotai Central Rebranding Could Hurt Short Term Revenues
(Macau) -- While the Sands Cotai Central’s rebranding may be good for business eventually, construction work could hurt the property’s ability to draw...

11/2/2017

article Five years later, Macau revisits smoking ban
(Macau) -- Newly-elected Leong Sun Iok of the Federação das Associações de Operários de Macau (Macau Federation of Trade Unions, ‘FAOM’) called on the...
article Less Chipper: Macau’s Melco Down Despite Strong Profits (sub req)
(Macau) -- Shares of Melco Crown Resorts & Entertainment (MLCO) were down nearly 4% in late afternoon trading even though the Macau casino operator reported a 77%...
article Melco Crown, Wynn Resorts, Las Vegas Sands Shares Jump On Macau Revenue Hopes
(Macau) -- Shares of casino operators Las Vegas Sands (LVS), Wynn Resorts (WYNN), MGM Resorts International (MGM) and Melco Crown Entertainment (MLCO) are rallying...
article MGM & Las Vegas Sands: Macau Lifts One Boat (sub req)
(Macau) -- The data proved skeptics wrong: Macau's gross gaming revenue jumped 22% in October, not the roughly 16% increase Wall Street researchers expected.
article Macau Casinos Post 15th Straight Month of Gains, October Revenue Best in Three Years
(Macau) -- The Macau Gaming Inspection and Coordination Bureau reported that the region’s casinos won 26.6 billion patacas ($3.3 billion) in October, a 22.1...
article New border currency declaration scheme goes live in Macau
(Macau) -- In Macau, yesterday reportedly saw local customs officials begin enforcement of a new compulsory currency declaration scheme that sees all high-value...
article Adrian Mateos shines during record-breaking 2017 ACOP in Macau
(Macau) -- Winamax pro, Adrian Mateos, puts in a superb shift at the 2017 Asia Championship of Poker at the City of Dreams in Macau, winning over a million bucks. Adrian...

11/1/2017

article Macau casino revenues the highest in three years
(Macau) -- Macau’s casino gaming receipts rose 22.1 percent to 26.63 billion patacas (US3.31 billion) in October, according to data released by Macau’s...

10/31/2017

article Macau Casino Revenue Climbs to 3-Year High on Post-Holiday Rush
(Macau) -- Macau’s casino revenue in October climbed to the highest in three years as many high-stake bettors and recreational players visited the world’s...
article Macau casinos post 22 pct growth in Oct gambling revenue yr/yr
(Macau) -- Gambling revenue in the world’s biggest casino hub Macau jumped 22 percent in October, the 15th consecutive month of growth in the Chinese territory...
article Casino stocks rally after report Macau gaming market posted 'noticeable pickup'
(Macau) -- Several casino stocks received a lift Tuesday after a report from Nomura suggested the Macau gaming market showed a "noticeable pickup in demand" in...
article Macau casino operator SJM falls short of market expectations with 16.5pc profit drop in third quarter
(Macau) -- SJM Holdings, one of Macau’s six major casino operators, posted a 16.5 per cent slump in its third-quarter net profit from a year ago, squeezed by...

10/28/2017

article Macau Coffers Have Collected Over $8.5 Billion in Gaming Taxes in 2017
(Macau) -- The Macau government is benefiting from the return of VIP play to the region’s casino resorts in 2017. Through September, the city’s coffers have...

10/26/2017

article Macau busts casino loansharks, WeChat baccarat operators
(Macau) -- Macau authorities have broken up yet another illegal gambling operation livestreaming its activity via the WeChat social media platform. On Monday, Macau...

10/25/2017

article Macau reaps $8.54B gambling tax revenues in nine months
(Macau) -- Taxes collected from Macau’s gambling sector jumped 17.5 percent in the first nine months of the year, latest data provided by the city’s...
article Sands to Invest $1.1 Billion in London-Themed Macau Remodel
(Macau) -- Las Vegas Sands Corp., capitalizing on the rebound in Macau gambling, will spend $1.1 billion renovating its properties there, including turning the Sands...

10/22/2017

article 13 Holdings drops 52% on planned rights issue to complete Macau casino
(Hong Kong) -- Shares in 13 Holdings tumbled as much as 51.7 per cent on Monday after it announced plans for a rights issue to complete its delayed luxury casino in...

10/21/2017

article Macau owner of world’s biggest Rolls-Royce fleet to raise HK$1.7 billion to complete luxury casino
(Macau) -- Billionaire Stephen Hung’s gambling developer 13 Holdings has announced a plan to raise HK$1.7 billion (US$218 million) through selling stocks and debt...

10/20/2017

article The 13, Flamboyant Investor Stephen Hung’s Ultra-Luxury Macau Resort, Might Open Without Gambling
(Macau) -- The 13 is reportedly nearing completion on the 200 all-villa hotel, but the $1.6 billion development located south of the Cotai Strip in the Coloane Village...

10/18/2017

article Macau VIPs Still Very Important, Represent 58 Percent of Casino Revenue
(Macau) -- The Macau VIP segment continues to account for the biggest chunk of gaming revenue on the region’s casino floors.

10/16/2017

article MGM Cotai to open in 2018 with focus on mass market as well as VIPs
(Macau) -- Early last month, it was reported that MGM Cotai would open in Macau as scheduled – immediately after China’s Golden Week – despite the...
article Macau VIP expands 35 percent in Q3
(Macau) -- Asia’s premier gambling hub continues to enjoy a robust VIP segment in the third quarter based on the figures released by Macau’s Gaming...
article Golden Week Tarnished
(Macau) -- Macau casino stocks fell October 9 in the aftermath of a disappointing Golden Week holiday. The seven-day celebration fell this year included the Mid-Autumn...

10/15/2017

article MGM Cotai Focuses on Mass Market, Set to Open Without VIP Tables
(Macau) -- MGM Cotai will open next year after being delayed from the fourth quarter due to August’s Typhoon Hato that caused nearly $2 billion in damages to...

10/10/2017

article Gravity pull of Macau new casinos limits satellite venues
(Macau) -- The recent arrival in the Macau market of a new so-called satellite casino – one that relies on the gaming permit of one of the city’s six...

10/9/2017

article Macau Golden Week turns out to be not-so-golden at all
(Las Vegas) -- Macau casino operators have apparently counted their chickens before they’re hatched. Everything looked pretty golden for Macau in the days before...

10/8/2017

article Casinos drop as Golden Week visitor numbers disappoint
(Macau) -- Macau casino shares slumped amid growing concern that business during Golden Week may not live up to optimistic projections due to fewer-than-expected...
article MGM China estimates lowered after delay announcement
(Macau) -- Morgan Stanley analysts have revised down its estimates for MGM China after the company announced the delay of its new Cotai property, as well as higher capex.

10/7/2017

article Macau casinos have extended their 14-month winning streak
(Macau) -- Macau casinos have extended their 14-month winning streak by increasing September revenue by 16.1 percent. October looks promising, as well, with the Golden...

10/6/2017

article Macau Casinos Drop as Golden Week Visitor Numbers Disappoint
(Macau) -- Macau casino shares slumped amid growing concern that business during Golden Week may not live up to optimistic projections due to fewer-than-expected...

10/5/2017

article Macau casino stocks dip on lower Golden Week visitor numbers
(Macau) -- Macau casino stocks slid on Friday after the territory’s tourism board said visitor numbers during the first four days of China’s Golden Week...
article Macau casinos plunge as Golden Week visitor numbers disappoint
(Hong Kong) -- Macau casino operators sank after visitor arrivals from mainland China over the Golden Week holidays disappointed. Galaxy Entertainment Group Ltd tumbled...
article DICJ set to improve security
(Macau) -- The Gaming Inspection and Coordination Bureau (DICJ) revealed that it will meet with local gaming operators in order to discuss new ways to improve security...

10/4/2017

article Macau Casinos Extend Winning Streak Despite Absence Of 'Super Whales'
(Macau) -- September marked 14 straight months of gaming revenue increases for Macau, the only place in China with legal casinos. Macau’s Gaming Inspection and...
article MGM China shares little changed, while other Macau casino stocks advance on ‘golden week’ optimism
(Macau) -- Shares in casino giant MGM China struggled to remain in positive territory on Wednesday in Hong Kong, as investor sentiment was affected by the deadliest...

10/2/2017

article Macau is hitting it rich from gambling
(Macau) -- Casinos in the world’s biggest casino hub of Macau have extended a 14-month winning streak in September, with their revenue up 16.1%, priming for a...

10/1/2017

article Macau gaming receipts rise to US$2.7bn
(Macau) -- Macau’s casino revenue grew for the 14th consecutive month as high rollers lingered around the gambling tables in the world’s largest hub for...
article Macau Tourism Office Makes Bold Predictions, Non-Gaming Spend Forecasted to Double by 2025
(Macau) -- If the Macau tourism office is concerned with how ongoing regulations and oversight from China might impact its economy, the city agency certainly isn’t...
article Rank profits squeezed by tighter casino controls
(Macau) -- Tighter controls on money laundering and problem gambling at casinos as well as a continuing decline at bingo halls weighed on full-year profits at Rank, the...

9/30/2017

article High Rollers Drive Macau Revenue Growth for 14th Straight Month
(Macau) -- Macau’s casino revenue grew for the 14th consecutive month as high rollers lingered around the gambling tables in the world’s largest hub for...
article Hotels and Casinos Will Be Packed for Macau’s Upcoming Golden Week
(Macau) -- The forecast for Macau’s upcoming holiday week looks pretty golden. Junkets flush with high rollers, full hotels charging five times their usual prices...
article MGM again delays opening of Macau casino
(Macau) -- MGM Resorts International has pushed back the opening of its Cotai casino in Macau for at least the third time following the worst typhoon to strike southern...

9/29/2017

article MGM Cotai delays opening following Typhoon Hato
(Macau) -- MGM China Holdings has announced that it has been forced to postpone the opening of its flagship casino resort, the MGM Cotai, as a result of typhoon Hato...

9/28/2017

article Macau May Be Set for Its Best Golden Week Holiday in Years
(Macau) -- The forecast for Macau’s upcoming holiday week looks pretty golden. Junkets flush with high rollers, full hotels charging five times their usual prices...

9/27/2017

article Macau regulator proposes gambling ban for casino staff
(Macau) -- Macau’s gaming regulator is proposing the introduction of rules banning Macau-based gaming workers from casino floors outside work hours. It says the...
article Royal Dragon Casino opens in Macau with 20 gaming tables
(Macau) -- The Royal Dragon Casino and its hotel opened on Wednesday morning in the downtown district of Macau. The city’s gaming regulator confirmed to GGRAsia on...

9/26/2017

article Banning off-duty gaming staff from casinos consultation begins
(Macau) -- The government is launching a one-month public consultation today on a proposed ban on off-duty gaming staff entering local casinos. A press conference about...

9/24/2017

article Macau govt details new smoking lounge standards
(Macau) -- The Macau government announced on Monday the new technical details for smoking lounges inside Macau casinos. The information is needed by the city’s...
article Royal Dragon Casino to open Sept 27: source
(Macau) -- Royal Dragon Casino and its hotel – a new gaming property in the downtown district of Macau peninsula – is scheduled to open at noon on Wednesday...

9/22/2017

article China's Golden Week Holiday Set to Unleash Gambling Explosion
(Macau) -- China's Golden Week celebration starting Oct. 1 could be the country's busiest holiday in four years, offering a hearty boost for Macau resorts,...
article Macau would increase regulations
(Macau) -- Paulo Martins Chan, director of Gaming Inspection and Coordination Bureau (DICJ) told the press the upcoming measure that the Chinese region’s...

9/21/2017

article 6 Goldman Asia Casino Picks: Will Millennials Embrace Macau, Philippines?
(Macau) -- The Philippines and the Chinese gambling mecca of Macau are best-positioned to capture increasing Asian spending on travel and leisure oover time, according...
article Changing the game: Macau bets big on sports in bid to shed its gambling image
(Macau) -- Macau has earned a reputation as the Las Vegas of Asia for good reason, right down its own garish fake Eiffel Tower at the Parisian. Now its cavernous casino...

9/20/2017

article Chinese high rollers drive Macau’s casino rebound
(Macau) -- Conventional wisdom in Macau says authorities favor mass market gambling by tourists over VIP play from high rollers using junket promoters to circumvent...
article Kevin Klayton: Make your property the preferred play destination
(Macau) -- In this interview with CalvinAyre.com’s Becky Liggero, Kevin Klayton of Galaxy Entertainment gives his insights on how casino operators may be able to...

9/19/2017

article Mystic Lake Casino planning Super Bowl acts
(Minnesota) -- A pop-up nightclub will open at Mystic Lake Casino to coincide with the Super Bowl and offer four nights of "world-class performances" Feb. 1-4...
article Casino-junket links not confidential info, court rules
(Macau) -- A Macau court has ruled against the city’s casino regulator, saying it has no right to block access of interested parties to the list of VIP gaming...
article No request yet for casino at Royal Dragon: Macau regulator
(Macau) -- The head of Macau’s casino regulator says the body has yet to receive a request for the opening of a casino in a revamped building near the Macao...
article Why This Macau-Centric Casino Operator Is Breaking Out Today
(Macau) -- Melco Resorts & Entertainment (MLCO) broke out on Tuesday following an upgrade from Nomura Instinet, which said the casino operator stood to benefit from...

9/18/2017

article Macau elects young democracy activist, as opposition drive out casino-related representatives
(Macau) -- Macau voters have elected a young pro-democracy activist to the Chinese casino capital’s legislature, as opposition lawmakers expanded their presence at...
article Morpheus aids Melco Resorts in Cotai casino race: brokerage
(Macau) -- The opening of Morpheus (pictured) – a fifth hotel tower – at Macau casino resort City of Dreams will enable the property to “remain...
article New faces join Macau legislature, Angela Leong re-elected
(Macau) -- Three new members are joining Macau’s Legislative Assembly as directly-elected legislators following a poll held on Sunday. Angela Leong On Kei, an executive...

9/17/2017

article Economic Uncertainty Returns to Macau as Beijing Escalates Anti-Corruption Drive
(Macau) -- Macau’s economic rebound continues, and even appears to be typhoon-proof. But another ill-wind blew past the Cotai strip last week as analysts warned...
article Stephen Hung’s Ultra-Luxury Macau Resort Nears Completion
(Macau) -- Macau Government Tourism Office (MGTO) Director Maria Helena de Senna Fernandes told reporters on Wednesday that the agency is ready to inspect the property...

9/15/2017

article Anti-graft uptick, credit clouds Macau growth: Bernstein
(Macau) -- Anti-corruption activity in China has “escalated significantly in recent months” and “could have implications on premium spend,”...
article Macau’s unused billions: booming casino taxes sit in govt coffers
(Macau) -- Over the past five years, Macau has raked in US$70 billion (S$94.5 billion) in taxes from the casinos that have made the territory the largest gambling centre...

9/14/2017

article UnionPay cash use a risk to Macau premium mass: study
(Macau) -- The dependence on China UnionPay Co Ltd cards for cash as a source of gambling funds in the Macau market has increased and poses a risk to the premium mass...

9/13/2017

article Doubts raised over Royal Dragon Casino rights
(Macau) -- The emergence of a new casino venue known as the Royal Dragon in Macau has caused surprise among industry observers, with many questioning what terms and...
article UnionPay cash use a risk to Macau premium mass: study
(Macau) -- The dependence on China UnionPay Co Ltd cards for cash as a source of gambling funds in the Macau market has increased and poses a risk to the premium mass...

9/12/2017

article Gambling in Macau brings in overall revenues of US$28.6 billion in 2016
(Macau) -- The global revenues of the 10 gaming and gambling companies in Macau in 2016 totalled 229.00 billion patacas (US$28.6 billion), a contraction of 1.8% compared...

9/11/2017

article A Debate Over a Defunct Casino — and Over Macau’s Identity
(Macau) -- What will become of Lady Luck? In 2015, officials in Macau announced that they planned to redevelop the 1962 Hotel Estoril, the former Portuguese colony...
article Macau's unused billions: booming casino taxes sit in government coffers
(Macau) -- Over the past five years, Macau has raked in $70 billion in taxes from the casinos that have made the territory the largest gambling center in the world.

9/10/2017

article No approval yet for Royal Dragon casino in Macau
(Macau) -- A sign saying “Royal Dragon Casino” (pictured) has recently appeared on a revamped building near the Macao Polytechnic Institute in the downtown...
article Meet Billionaire Stephen Hung, Who Ordered 30 Rolls-Royces But Now In Huge Debt
(Macau) -- Stephen Hung has been a name synonym with luxury, at least in Macau (Macao). His fame spiked – temporarily – when he ordered a mind-boggling 30...
article Unlucky 13: What happened to Hong Kong billionaire Stephen Hung’s Macau casino dream?
(Macau) -- Asked a year ago what the secret of his success was, Hong Kong-born billionaire Stephen Hung was crystal clear. “There is no such thing as luck,”...

9/9/2017

article Qiuming Qin Claims Legendary Red Dragon Trophy at 27th Macau Poker Cup
(Macau) -- The poker room at the City of Dreams Macau casino resort has become a favorite spot for poker action for players from the Asian-Pacific region. What is more,...

9/8/2017

article Inside Gaming: Macau Up in August, Florida Casinos Close Ahead of Irma
(Macau) -- In this week's Inside Gaming, Macau's gaming revenue growth slows a bit though shows yet another monthly increase in August, Florida casinos, race...

9/7/2017

article MGM Cotai opening still intact
(Macau) -- Grant Bowie, chief executive of Macau gaming licence holder MGM China Holdings Ltd, revealed that the US$3.3 billion casino resort MGM Cotai is still expected...
article Three casinos still closed after Macau storm
(Macau) -- Casinos Broadway in Cotai and Legend Palace at Fisherman’s Wharf are still closed following the severe floods caused by Typhoon Hato. Slot machine...
article 2 Macau Casino Stocks With Upside [sub req'd]
(Macau) -- After hosting meetings with six casino operators with business in Macau, the Chinese gambling playground, Credit Suisse reiterated two top stock picks: Galaxy...

9/6/2017

article Amax International signs Cambodia VIP management deal but Macau future in limbo
(Macau) -- Gaming and casino investor Amax International Holdings Ltd says it still considers the gaming license possessed by closed Macau casino Greek Mythology to be...
article Galaxy workers protest in Macau
(Macau) -- Galaxy Entertainment Group Ltd’s employees gathered outside Galaxy Macau on Tuesday to demand a change in their workplace policies, as well as a...

9/4/2017

article Macau’s casinos escape the worst of typhoon season
(Macau) -- Macau’s gambling revenue for the third-quarter revenue is expected to be negatively impacted after a series of typhoons battered the casino hub in...
article Macau junket operator Suncity Group eyeing casino expansion
(Macau) -- Suncity Group, a company that runs VIP betting rooms with monthly stakes exceeding $17 billion and Macau’s leading junket operator, is eyeing new Asian...
article Rise of 60pct in Macau gamblers fined for smoking
(Macau) -- A total of 538 people received cash fines in Macau in the first seven months of 2017 for smoking in unauthorised areas inside the city’s casinos,...

9/3/2017

article Macau casino revenue growth slows after typhoon disruptions
(Macau) -- Macau’s casino revenue growth slowed in August after accelerating for three consecutive months as typhoons disrupted operations in the world’s...

9/2/2017

article Macau gaming revenue growth slowed in August as typhoon hit enclave
(Macau) -- Macau gaming revenue growth slowed in August as the worst typhoon in 20 years shut down transportation service on the Chinese peninsula. Tougher year-over-...

9/1/2017

article Betting On Venetian Macao Hit The Jackpot For Sheldon Adelson, Global Gaming
(Macau) -- Opened ten years ago this week, Venetian Macao remains the city’s modern tourism icon and casino industry bellwether. Typhoon Hato dampened anniversary...
article Macau casino firms pledge US$27mln for typhoon relief
(Macau) -- Cash donations totalling MOP215 million (US$26.7 million) had been pledged by Macau casino companies as of Friday for relief efforts to deal with the effect...
article Macau junket king looks for partners in Japan
(Macau) -- Macau’s biggest junket operator wants to be more than a middleman lender for Chinese high rollers, so it’s spending billions of dollars to...
article Macau weathers storms with 20% rise in August casino revenue
(Hong Kong) -- Gross gambling revenue in Macau, the world's biggest casino hub, rose 20.4% in August from a year earlier despite two strong typhoons that threw the...
article Typhoon Hato can’t snap Macau casinos’ 13-month winning streak
(Macau) -- Typhoon Hato wasn’t strong enough to stop Macau’s casino industry from posting its 13th straight month of year-on-year revenue gains in August....

8/31/2017

article Lady luck lifts Galaxy Ent H1 net profit
(Macau) -- Net profit of Hong Kong-listed casino operator Galaxy Entertainment Group Ltd. (GEG) rose by 81 percent in the first half of the year as lady luck continues...
article Macau Junket King Plans Billion-Dollar Moves Into Japan, Vietnam
(Macau) -- Macau’s biggest junket operator wants to be more than a middleman lender for Chinese high rollers, so it’s spending billions of dollars to...

8/29/2017

article Macau investigates weather bureau after deadly typhoon
(Macau) -- Macau's anticorruption agency has launched an investigation into the Chinese casino hub's meteorological office after a deadly typhoon struck last...

8/28/2017

article A Battered Macau Struggles to Come to Terms With Deadly Typhoon Hato
(Macau) -- Twelve hours after the floodwater burst into his liquor and souvenir store, Kenny Ip took stock of his situation and understood that he had fared better than...

8/27/2017

article Five ways the Venetian changed Macau – and the world
(Macau) -- Las Vegas Sands’ Venetian represented precisely what Macau’s government had in mind when it began casino liberalisation, so it got its own version...
article Macau’s storm-battered casinos and hotels roll out discounts to make up for lost revenue
(Macau) -- Macau’s major casinos and hotels, still reeling from the city’s estimated US$216 million in economic losses caused by Typhoon Hato, are offering...

8/26/2017

article Casinos on Macau’s Cotai Strip rebound quickly from typhoon
(Macau) -- The more modern buildings of Macau’s Cotai Strip weathered the high winds of Typhoon Hato better than older structures on Macau’s peninsula and...

8/25/2017

article Behind glitz of casinos, typhoon exposes Macau's infrastructure woes
(Macau) -- The glitzy exterior of Macau crumbled after a super typhoon steamrolled through the gambling center, exposing critical infrastructure flaws and overwhelmed...

8/24/2017

article Casinos on Macau’s Cotai Strip rebound quickly from typhoon
(Macau) -- The more modern buildings of Macau’s Cotai Strip weathered the high winds of Typhoon Hato better than older structures on Macau’s peninsula and...
article Sunday before normal casino hotel ops: Macau’s SJM
(Macau) -- One of Macau’s six gaming operators has said it could be Sunday before normal operations are resumed at its self-managed casino-hotel properties,...
article Typhoon Hato leaves 16 dead after lashing southern China
(Macau) -- Eight died in the gambling hub of Macau, where images showed cars underwater and people swimming along streets. The enclave's famed mega-casinos were...
article VIDEO: Typhoon Hato leaves deadly path of destruction in Macau
(Hong Kong) -- The most powerful typhoon to hit the southern Chinese region in more than half a century left at least 12 dead as a sudden deluge swamped the gambling hub...
article Weather boss steps down as Macau struggles to recover from typhoon
(Macau) -- The head of Macau's observatory stepped down on Thursday after chaos and confusion followed one of the strongest typhoons on record, in which at least...

8/23/2017

article Las Vegas gaming companies sort out typhoon damage in Macau
(Macau) -- Las Vegas-based casino operators are continuing to assess the damage from what’s being called the worst typhoon in 20 years in Macau. Hato, a Signal 10...

8/22/2017

article Casino employment steady, salaries up 5 percent
(Macau) -- The latest survey by the Statistics and Census Service (DSEC) on gaming industry manpower and wages revealed that at the end of the second quarter of 2017,...

8/21/2017

article The Money Lost at Macau Table Games Will Shock You
(Macau) -- 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...

8/17/2017

article Macau’s August GGR likely to increase
(Macau) -- Gross gaming revenue (GGR) in Macau could increase 22 percent this month, as several brokerages estimate based on unofficial daily returns for the month so...
article As Macau Rebounds, Casinos Eye This Next Possible Gaming Hot Spot
(Macau) -- As more than $13 billion in new construction comes to completion this year and gaming revenue begins once again to trend higher in China's massive...

8/15/2017

article Studio City applies for IPO
(Macau) -- Studio City International Holdings, the holding company Macau’s Hollywood-themed Studio city, has reportedly filed with the U.S. Securities and Exchange...

8/12/2017

article Skilled betting
(Macau) -- American electronic gaming company GameCo Inc. will apply for an MSAR gaming license and product licensing in the coming months, the company’s CEO,...

8/11/2017

article Cotai to become the casino hub in Macau
(Macau) -- Senior Partner of US-based consultancy Global Market Advisors LLC (GMA), Andrew Klebanow, said that Cotai’s developments will likely surpass the Macau...
article Macau Peninsula to become 2nd-tier casino hub: analyst
(Macau) -- Macau’s traditional gaming zone on downtown peninsula is poised to become a second-tier casino hub, outshined by the development of several large-scale...

8/9/2017

article Macau Horse Racing Co granted six month license extension
(Macau) -- The Macau Horse Racing Co, operator of the Macau Jockey Club, has had its gaming concession renewed for another six months, according to the Official Gazette...

8/5/2017

article Crouch insists report into betting machines will be published in the autumn
(UK) -- Sports minister Tracey Crouch took to Twitter on Saturday to label a newspaper's claim's that chancellor Philip Hammond had "shelved...a clampdown on betting...

8/4/2017

article Macau Land Row Rattles Casino Bosses Ahead of 2020 Licence Talks
(Macau) -- A no-nonsense approach by the Macau government in disputes with land developers is rattling the nerves of casino executives, who fear it portends a rough ride...

8/3/2017

article Alibaba to turn world’s largest gambling center into smart city
(Macau) -- Alibaba is going to turn the historic city of Macau, and world’s largest gambling center, into a smart city of the future via the services of Alibaba...
article Lavish casino bet comes up short for Wall Street investors
(Macau) -- It’s due to feature USD1,500-a-night French Baroque suites with marble Roman baths for eight, and 30 custom red Rolls Royces to squire around its guests...
article Lavish casino hotel in Macau aimed at China’s ultra rich is struggling to open
(Macau) -- It’s due to feature $1,500-a-night French Baroque suites with marble Roman baths for eight, and 30 custom red Rolls Royces to squire around its guests...

8/2/2017

article Casino Hotel Aimed at China's Ultra Rich Is Struggling to Open
(Macau) -- It’s due to feature $1,500-a-night French Baroque suites with marble Roman baths for eight, and 30 custom red Rolls Royces to squire around its guests...

8/1/2017

article Macau gaming revenue up 29 percent in July
(Macau) -- Macau continues to shoot the lights out so far in 2017. Gross gaming revenue on the Chinese peninsula jumped 29 percent in July to $2.86 billion, according to...
article The 13 missed opening deadline
(Macau) -- A report from Bloomberg revealed that The 13 Holdings Ltd. missed yesterday’s deadline to open the facility, an exclusive condition that Bank of...
article Gaming revenue slump deals Macau casino operator SJM a poor hand, as gambling tables fail to attract big spenders
(Macau) -- SJM Holdings, the Macau gaming operator owned by the family of legendary casino mogul Stanley Ho, posted a worse-than-expected net profit for the first half...
article Macau Casinos: July Gaming Revenues Beat Expectations
(Macau) -- Gross gaming revenues across Macau’s casinos came in above expectations in July. Data from the Chinese gambling enclave’s Gaming Inspection and...

7/31/2017

article Macau casinos extend one-year winning streak with monthly revenue rise
(Macau) -- Casinos in the world's biggest gambling hub of Macau extended a one-year winning streak with monthly revenue rising 29 percent in July due to a resurgence...

7/26/2017

article Is Online Gambling a Threat to Macau?
(Macau) -- Macau overtook the Las Vegas strip as the gambling hub of the world back in 2006, when gambling revenue soared by 22% and reached $6.95 billion. Since China...

7/25/2017

article In key audit, Macau gets glowing report card for efforts to fight dirty cash
(Macau) -- Casino hub Macau’s bid to reinvent itself as a family-friendly tourist destination was given a boost after a respected international body handed the...
article Macau casino suffers seven chip scams in less than a week
(Macau) -- Police in Macau have said that seven separate scams involving counterfeit chips have taken place in one of the region's casino resorts within the last...
article Macau Visitor Arrivals Up Over Five Percent Through First Half of 2017
(Macau) -- Macau welcomed more than 15 million visitors between January and June 2017, a 5.4 percent gain compared to visitor numbers for the first half of 2016. Even...

7/24/2017

article When Lady Luck Checks Out
(Macau) -- You could be forgiven for never having heard of 13 Holdings Ltd., a Hong Kong-listed property-management firm established to raise funds for a luxury hotel...

7/23/2017

article Macau Casinos Comped Fewer Rooms in 2015, as VIP Crackdown Blocked High Roller Arrivals
(Macau) -- Macau casinos reported expenditures of MOP8.8 billion ($1.1 billion) from complimentary guestrooms and free food and beverage service in 2015. That represents...
article Macau Police Bust Scam “Pop Up” VIP Casino Op
(Macau) -- Macau authorities have busted a bogus “pop-up” VIP casino racket that bilked high-rollers out of millions in allegedly crooked baccarat games,...

7/21/2017

article Macau given positive rating by AML group
(Macau) -- The Asia Pacific Group on Money Laundering (APG) has given Macau a positive rating for its anti-money laundering efforts. Asia Gaming Brief reports that a...

7/20/2017

article Gang running ‘pop-up’ VIP rooms to cheat gamblers of millions busted in Macau
(Macau) -- A brazen gang behind a network of illegal “pop-up” casino VIP rooms in which gamblers were cheated out of millions in “fixed” card...
article Sharp Rise in Macau VIP Gambling Revenue Signals New Beijing Crackdown
(Macau) -- Macau has been attempting to transform itself into a cleaner tourist destination with a wider appeal by branching out from its traditional mainstay of...

7/19/2017

article Fresh Beijing crackdown on dirty Macau cash anticipated as VIP casino revenues surge
(Macau) -- A surge in VIP takings at Macau casinos coupled with an unprecedented warning from its biggest junket operator about the dangers of moving money in and out of...
article Macau's Casinos Can Tilt the Odds Back in Their Favor
(Macau) -- It's natural to be scared of betting big just after losing a great hand. But savvy gamblers know that just because the first game played out one way, the...
article Macau's Tables Are Turning
(Macau) -- It's natural to be scared of betting big just after losing a great hand. But savvy gamblers know that just because the first game played out one way, the...

7/18/2017

article City of Dreams casino stops construction following fatal accident
(Macau) -- Construction of the fifth casino tower to be built at the Macau City of Dreams casino complex was suspended last Friday following the accidental death of a 33...
article Macau junkets seek higher capital reserves for new operators
(Macau) -- Macau casino junket operators should be required to maintain significantly higher capital reserves to keep pace with the resurgent VIP gambling market and...

7/17/2017

article Macau VIP gambling growth likely unsustainable: Nomura
(Macau) -- Revenue expansion in the Macau VIP gambling sector is probably “unsustainable” and in likelihood “too high for the government’s taste...
article VIP gambling reclaims Macau casino revenue throne
(Macau) -- Macau’s VIP gambling market continued its resurgence in the second quarter of 2017, outpacing mass market growth by a factor of four.
article Macau Casino Stocks Slump on China Crackdown Fears
(Hong Kong) -- Macau’s casino stocks were crushed in Hong Kong trading Monday morning amid increasing government scrutiny of money transfers between China and the...

7/16/2017

article Macau confirms border cash declaration trigger is US$15k
(Macau) -- The Macau government confirmed on Monday that soon people entering or leaving the city with cash or other “negotiable monetary instruments” valued...
article Macau Casino Stocks Slump on China Crackdown Fears
(Macau) -- Macau’s casino stocks were crushed in Hong Kong trading Monday morning amid increasing government scrutiny of money transfers between China and the...

7/14/2017

article Macau gambling-related crime numbers up again
(Macau) -- The number of gambling-related crime cases in Macau has jumped for the fourth year in a row with almost 1,000 instances of either loan sharking or illegal...
article Perpetuating the Legend
(Macau) -- With HK$300 million in hand as a deposit for the sale of The Landmark Hotel, and a further HK$160 million on its way in about three weeks time, Macau Legend...
article Ho Chio Meng sentenced to 21 years of imprisonment
(Macau) -- Former chief prosecutor Ho Chio Meng was sentenced to 21 years of imprisonment. After hearing the verdict, Ho screamed “injustice” and that...
article Paying a price for disclosing gambling debt
(Macau) -- The Chairman of Macau Gaming Information Association (MGIA), Charlie Choi Kei Ian, has been found guilty of violating Macau’s privacy laws as well as...

7/13/2017

article Grand Lisboa remains inactive
(Macau) -- A government official revealed to GGRAsia that the suspension of Grand Lisboa Palace is still in place. The now one month halt started after a fatal accident...

7/11/2017

article Grand Lisboa Palace building halt in 4th week: Macau govt
(Macau) -- A suspension of construction work at SJM Holdings Ltd’s new Cotai casino resort Grand Lisboa Palace has entered its fourth week, a government official...

7/10/2017

article Macau to consider revised casino smoking legislation
(Macau) -- Amid criticism that the government is not taking the health concerns of players and casino staff seriously, legislators in Macau are reportedly set to...
article What’s brought the high rollers back to Macau?
(Macau) -- Mass market tourism was supposed to be key to the city’s recovery after it was hit by the slowdown in the Chinese economy. But it is the return of the...

7/9/2017

article Morgan Stanley Upgrades Macau Projections Despite ATM Clampdown
(Macau) -- Morgan Stanley has raised its growth projections for resurgent Macau, despite implementations of restrictions on ATM use this week. On Thursday, the banking...

7/8/2017

article Flamboyant Hong Kong Mogul Stephen Hung Cash-Strapped for Unlucky ‘The 13’ Macau Casino Project
(Macau) -- Perhaps it was an omen for eccentric Hong Kong businessman Stephen Hung when he named his Macau casino project ‘The 13.’ Hung is now in desperate...

7/6/2017

article Instant Analysis: Macau Gambling Revenue Growth Slightly Less Than Expected for June
(Macau) -- What happened? Gamblers in Macau are laying down comparatively more money, but not quite as much as analysts had expected. The enclave's Gaming Inspection...

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