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Industry
April 14, 2022
Macau Outlines New Penalties for Offending Junkets
Macau is not going to back down from regulating junket operators. Companies who engage in such activities would be held liable for various offenses to be inscribed in a new law and participants in junket operations would have to be on the straight and narrow to avoid what is possibly jail sentences. One of the […]
Casino
April 14, 2022
IMF Cautions Macau about Long-Term Growth as Gaming Faces Regulation
Macau has been shifting away from what is discovered to be an overreliance on its gaming industry. The realization was reinforced during the pandemic with casino properties and parlors remaining idle and officials rolling up their sleeves to tidy up the industry from its often unhealthy relationship with junket operators. IMF Sees Macau as Too […]
Casino
April 4, 2022
Macau’s Grand Emperor Hotel Casino to Shutter Operations in June
Concessionaires in Macau have faced many challenges over the last couple of years. The COVID-19 pandemic has kept revenues low and operational results ailing, but the special administrative region may finally be turning a corner despite struggling performances. To cope with the stress of the past two years, some companies have decided to reduce their […]
Legal
April 1, 2022
$36M Missing, Junkets Involved, Says Macau Police
Earlier this week, the Judiciary Police in Macau unveiled details regarding a case involving junkets that resulted in $36 million in missing proceeds. Two Men Arrested, Police Say They Took Money from 18 Individuals Police authorities in Macau said Tuesday that they arrested two men, allegedly involved in a criminal syndicate and fraud related to […]
Industry
April 1, 2022
Macau Government Confirms Stricter Rules for the Casino Gambling Sector
The Executive Council of Macau announced that the Macau Special Administrative Region (SAR) government would submit to the Legislative Assembly a new gaming law for the optimization and improvement of the gaming sector, suggesting stricter rules for those who operate in the sector. On March 31, 2022, the Executive Council pointed out the main aspects […]
Sports
March 31, 2022
APE Recognizes Need for Innovation, Focuses on the Metaverse
Asia Pioneer Entertainment Holdings Limited (APE) has said that it will seek to diversify its product offering and turn to metaverse experiences as a way to attract more consumers and travelers. The company cited the significant drop in visitors to Macau and across Asia as the reason why new solutions will be necessary to engage […]
Casino
March 29, 2022
Macau Casino Concessionaires Pay $5.83M to Extend Licenses
Macau is agog as the special administrative region is working hard to re-regulate its gambling industry and create new mint conditions for concessionaires to operate in. This begins with the extension of existing licenses, set to expire on June 26, through the end of the year. However, Macau is offering each concessionaire the opportunity to […]
Casino
March 29, 2022
SJM and Melco Resorts to Shut Down Satellite Casinos in Macau
Macau is rapidly changing its gambling laws which means that any remaining concessionaire would have to comply with what is expected to be the biggest overhaul of gambling regulation in the special administrative region. Among those are SJM Holdings and Melco Resorts International which are shutting down several of their satellite casinos in a bid […]
Casino
March 14, 2022
Melco Resorts CEO Applies for License Extension Through December 31, 2022
Melco Resorts has become one of the first companies in Macau to apply for a license extension, the company chairman and CEO Lawrence Ho confirmed. The company is seeking to extend its concession by another six months in the special administrative region (SAR) as a final draft of binding regulatory and licensing agreements is expected […]
Casino
March 8, 2022
Macau Police Arrest Sergeant for Feeding VIP Gaming Room Information
Macau has put a lot of pressure on its casinos and gaming industry of late with the special administrative region or SAR choosing to clamp down on junket operators, redraft the licensing rules, and generally introduce a new and stricter governing framework that dictates the day-to-day operations of gaming establishments in the jurisdiction. This is […]