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Industry
November 29, 2022
Gaming-Linked Crime in Macau Continues to Drop
Macau has recorded 257 gaming-related crimes in the period through September 30, down 48.8% year-over-year. The number is far below the 502 crimes registered in the first nine months of 2021, and it comes as the Judiciary Police of Macau is amping up its efforts to suppress crime that originates from gambling operations. Macau Continues […]
Business
November 29, 2022
Wynn Macau Adjusting to Comply with New Gaming Laws
Considering this year’s changes that Macau made to its gaming laws concerning operators, Wynn Macau has had to make some adjustments in order to be compliant with the latest regulatory updates. Capital Restructuring at Wynn Macau The Wynn Resorts Macau (WRM) unit was subjected to a capital restructuring that answered the need for an increase […]
Industry
November 28, 2022
Macau Awards Six Casino Licenses for the Next 10 Years
The long-anticipated news on the Macau gambling front is here – the Macau SAR Government has awarded the casino licenses for the next 10-year period and 6 concessionaires will be conducting gambling operations in the Chinese special administrative region. The Same Six Concessionaires Get Casino Licenses for the Next 10 Years The Macau SAR Government […]
Casino
November 25, 2022
Emperor Entertainment Suffers Interim Losses Due to Macau Casino Closure
According to the interim results published by Emperor Entertainment Hotel Limited, the company suffered a major fall in revenue for the six months ending on September 30, 2022, when compared to the same period in 2021. Cessation of Macau Gambling Business Impacts Total Revenue Hong Kong-listed Emperor Entertainment Hotel Limited reported HKD 108.6 million ($13.9 […]
Casino
November 24, 2022
Macau May Require Concession Candidates to Invest More
The government in the special administrative region of Macau is reportedly asking concession applicants to increase their investment. The region’s gambling industry has been struggling for a while, which may be why Macau is demanding a more substantial guarantee from to-be concessionaires. Macau Reportedly Asked Companies to Invest More TDM Portuguese Radio first reported that […]
Industry
November 21, 2022
Macau 3Q22 Gaming Services Drop 73% vs 3Q21
Macau’s economic well-being has historically been somewhat tied to its tourism and hospitality industries. The recent Q3 financials for the region reflect that perfectly. Q3 Results Affected by Recent Lockdown Macau’s gaming services exports dropped by 72.5% in the third quarter of 2022, compared to the same period last year. This fed an overall 46.7% […]
Casino
November 17, 2022
Alvin Chau Challenges Evidence Presented by Macau Judiciary Police
The case against Suncity Group former CEO Alvin Chau and 20 other defendants draws to a close as all testimonies from witnesses have already been heard and the final arguments are scheduled for November 21. Alvin Chau Challenges Evidence Presented by the Defense Ex-CEO of Suncity Group Alvin Chau and his lawyer have been challenging […]
Industry
November 16, 2022
Suppliers to Ask DICJ for New EGM Standards Deadline Extension
EGM Technical Standards 2.0 may not arrive in Macau as initially planned as some of the major operators are planning to request Macau’s Gaming Inspection and Coordination Bureau (DICJ) to consider a two-year deadline extension, reported Inside Asia Gaming. Industry May Ask for an Extension EGM Standards 2.0 which was published in early 2021 is […]
Industry
November 15, 2022
Further Adjustments Are Made to Macau Junket Law Before Approval in December
The Second Standing Committee of the Macau Legislative Assembly is going to review the Legal Framework for Operating Games of Chance in Casinos, which has been duped by the new junket law of Macau, on November 21. New Article Addition to Clarify What Junket Activities at Macau Casinos Entail At their next meeting taking place […]
Legal
November 14, 2022
Evidence on Suncity Group Proxy Betting Practices Presented in Chau Case
Proxy betting brought massive illegal profits to junket operator Suncity Group and its founder and former CEO Alvin Chau, according to Macau’s Judiciary Police (PJ). Suncity Group Handled over 62,000 Side Bets Between 2013 and 2021 Macau Business reported that during the court hearing of the case against Alvin Chau and 20 other defendants on […]
