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Industry
November 1, 2022
Reintroduction of Chinese eVisas Bode Macau Gambling Industry Recovery
According to an analysis by JPMorgan, positive EBITDA for Macau casino operators could be expected in December, following China’s National Immigration Administration (NIA) announcement that on November 1 it is going to introduce new electronic visas for mainland residents that want to visit Macau. Resumption of eVisas Will Probably Bring Casino Operators to Positive EBITDA […]
Industry
October 31, 2022
China to Introduce eVisas on November 1
China is rolling in a new online visa application system, colloquially referred to as eVisa, that will be used to allow citizens from the mainland to travel to Macau beginning on November 1. The online visa system will replace the in-place application as China continues to digitalize its services, control the inflow and outflow of […]
Blockchain
October 28, 2022
Hong Kong Making a U-Turn on Retail Crypto Trading
Hong Kong may be moving away from China in terms of what the Special Administrative Region does with its cryptocurrency industry. A new report by Bloomberg suggests that the city is planning to go ahead with retail cryptocurrency trading. Digital asset trading took a hit last year amid strong opposition from cryptocurrency and blockchain industry […]
Casino
October 27, 2022
Macau: Casino Shares Optimism Dampened by New Covid Case
Macau’s casinos rallied Wednesday on the news that authorities are about to resume group tours from mainland China to the Special Administrative Region (SAR), only to subside later in the day on the rollout of mass testing in some areas, Bloomberg reported. The City Ready to Resume Mainland China Tours Following a report in TDM, […]
Industry
October 26, 2022
Sands China Should Win Its Macau Concession Renewal Bid
While there is still time before the results are out, projections about who will come out with a concession aren’t the be-all and end-all when it comes to Macau’s casino industry. Tough operating conditions and new rules mean businesses will probably have their hands full while the region slowly recovers. Morgan Stanley Weighs in on […]
Casino
October 24, 2022
China Busts $3.9B Illegal Gambling Ring That Targeted Korea
China is often a meddler when it comes to gambling, its citizens, and overseas destinations. On this occasion, though, the country has reciprocated and showed that its desire to micromanage gambling industries beyond its borders is not just a show act. On Sunday, law enforcement in Incheon conducted a raid which resulted in the arrest […]
Industry
October 18, 2022
Dismal Q3 for Macau Casinos, Negative 2022 Trend Continued
Casinos in Macau continued to struggle in the third quarter of 2022, revealed the quarterly gaming statistics report of the Gaming Inspection and Coordination Bureau (DICJ). Record-Low Year on the Horizon Macau casinos registered for the three months ended September 30, 2022, games of fortune gross revenue of just HK$5.55 billion ($707 million), sliding down […]
Industry
October 12, 2022
Chinese Embassy Denies Blacklisting the Philippines
On Tuesday, the Chinese Embassy in Manila denied senate president Juan Miguel “Migz” Zubiri’s earlier announcement, according to which the Philippines appeared on the tourism destination blacklist for Chinese tourists. Per the statements of Zubiri, the Philippines had already been “part of a blacklist of tourist sites” due to the problem with the Philippine Offshore […]
Casino
October 11, 2022
China Puts PAGCOR on Traveling Blacklist over POGOs
China continues to huff and puff over Philippine Offshore Gaming Operators (POGOs) and the country is done being diplomatic about its objection to Chinese nationals participating in activities that take place in the sprawling POGO industry. Rather, China is moving with a tougher measure, putting the Philippines on a blacklist of overseas tourism destinations. China […]
Casino
September 30, 2022
Macau Officials Expect Over 20,000 Daily Golden Week Participants
The deputy director of the Government Tourism Office in Macau, Cheng Wai Tong, has predicted a minimum of 20,000 and up to 25,000 people will be attending the upcoming National Day Golden Week celebrations. The event will kickstart on Saturday, October 1 and it will end on Friday, October 7. What Will the National Day […]
