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Business
April 9, 2025
Macquarie Experts Warn of Macau Casino Market Shifts
Late in March, law enforcement in Macau raided a total of eight jewelry shops over suspicion of illegal currency exchange activities. The authorities suspected nearly a dozen people of moving massive sums of $74 million with the help of the jewelry shops that served as a front. Overall, several dozen people, suspected of being involved […]
Industry
April 1, 2025
Macau Retains Optimistic Outlook Amidst Diversification Efforts
Macau’s economy remains in a state of cautious growth as it closely balances the recovery of its gaming industry with broader restructuring efforts. Despite slightly underwhelming metrics, industry experts have drawn attention to several factors that could accelerate growth and improve Macau’s attractiveness as a tourist destination for visitors from China and abroad. Q1 Financials […]
Industry
April 1, 2025
Sands China Repays $1B Debt to Las Vegas Sands 3 Years Earlier
Sands China confirmed that it has enjoyed a strong financial performance throughout 2024, which has allowed it to move ahead with a few loose payments earlier than expected. The company has confirmed that it has repaid a subordinated unsecured term loan of $1 billion to its holding company, Las Vegas Sands. Sands China Repays Debt […]
Industry
March 31, 2025
Macau Enhances Oversight on Casino Non-Gaming Spending
Non-gaming investments by gambling concessionaires in Macau are expected to face tougher scrutiny. That’s the case based on a new report that suggests the current government would be looking into the actual investments of concessionaires, which vowed to dedicate funds to non-gaming amenities as a part of their 10-year contracts awarded a couple of years […]
Casino
March 21, 2025
China’s Economic Stimulus Expected to Give Macau’s Casino Industry a Boost
Analysts at Seaport Research Partners think Beijing’s new economic stimulus plans will have a big impact on Macau’s gaming industry. China introduced these plans to get people to spend more money. Experts believe this will lead to more disposable income and make consumers feel better about spending, which will help Macau’s casinos in the long […]
Industry
March 11, 2025
Macau: Analysts Expect Stable March, Stronger GGR in H2
Analysts are optimistic about Macau’s gross gaming revenue, estimating a strong beginning to the month of March. These figures aligned with earlier predictions, underscoring the region’s robust post-COVID recovery despite a slower-than-expected start to 2025. Macau GGR to Pick up Speed in H2 According to analysts from JP Morgan, an American multinational financial services firm, […]
Industry
February 25, 2025
Donald Trump Curbs Investment from Macau, Names It Hostile Foreign Adversary
That China and the United States have not seen eye-to-eye on anything from freedom of speech to economic priorities should not surprise anyone. Yet, President Donald Trump signed a memorandum on Friday that directed the Committee on Foreign Investment in the United States or CFIUS, as the body is known more snappily, to impose investment […]
Casino
February 7, 2025
Macau Authorities Crack Down on Illegal Gambling Network
The Judiciary Police of Macau uncovered an illegal gambling syndicate that utilized mobile phones and advanced communication devices to stream live VIP room gambling sessions. Authorities believe that the operation’s high-tech equipment points to links to a mainland Chinese criminal syndicate that recruited participants for “under-the-table gambling” through WeChat groups. The Group Ran a Well-Developed […]
Industry
February 3, 2025
Macau’s Gaming Revenue Drops in January Despite High Hopes for 2025
Macau‘s gaming industry kicked off 2025 with a minor hiccup, as gross gaming revenue (GGR) in January decreased 5.6% compared to the previous year totaling MOP 18.25 billion ($2.27 billion), as reported by the Gaming Inspection and Coordination Bureau (DICJ). This amount exceeded December’s earnings but fell short of what the industry expected considering the […]
Casino
January 29, 2025
Macau Braces for Record Casino Revenues During Chinese New Year Festivities
Macau is getting ready for a huge wave of tourists as the Chinese New Year holiday starts on January 29 ushering in the Year of the Snake. The eight-day break is crucial for the city’s gambling and hotel sectors, with experts predicting all-time high visitor numbers and robust growth in earnings. Macau’s Luxury Hotels Experience […]