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Industry
October 31, 2022
China Puts MGM Cotai on COVID Lockdown as Rapid Testing Continues
A few days ahead of the reopening of borders between mainland China and Macau, MGM China’s Cotai casino in the Special Administrative Region was put down on shutdown on Sunday, after a dealer tested positive for COVID-19. China’s zero-Covid policy has been one of the strictest in dealing with the disease which first emerged in […]
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 […]
Industry
October 20, 2022
Macau Gambling Tax Recovers in September
Macau’s government has been able to collect a tidy sum from the special administrative region’s casino concessionaires for the month of September. This is owing to both the fact that there has been a relaxation in travel restrictions and because of a tax hike that enabled Macau to gather bigger sums from operators in the […]
Industry
October 19, 2022
Macau Reports Fewer Suspicious Transactions in 2022
Macau has always wanted to make sure that its gambling industry is kept under control. A stat that tracks the number of Suspicious Transaction Reports (STRs) has indicated that the year-over-year number of such incidences dropped by 13.4% to 1,677 in the first nine months of 2022. This has to do partially with the fact […]
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 14, 2022
Macau Casinos Debt Rises to $24B Due to Q32022 Losses
The casino industry in Macau has suffered for a long time from China’s restrictive zero-COVID policy and it shows vividly in the financial results reported for the third quarter of 2022. Macau Casino Industry Debt May Rise to $24 Billion on the Back of Losses in Q32022 According to the results reported by the casino […]
Legal
October 12, 2022
Suncity Trial Focuses on the Casino Marketing Department
The legal proceedings against the former chief executive officer of Suncity Group Alvin Chau, who was accused of illegal gambling, money laundering, criminal association, and fraud along with 20 other individuals, continued on Monday when the prosecution called nine witnesses to testify. All of them worked in the marketing department of Suncity Group. Suncity Marketing […]
Industry
October 3, 2022
Macau’s GGR Declined by 50% in September
Macau’s struggles are far from over. In September, the special administrative region recorded 50% lower gross gaming revenue than it did for the same period last year, Macau’s Gaming Inspection and Coordination Bureau reported. However, there is hope on the horizon as Macau’s GGR shows signs of recovery. Macau’s Industry Experiences Setbacks Macau’s gambling industry […]
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 […]
