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Gambling News - 'Macau'
Industry
March 3, 2022
Macau to Extend Licenses by Six Months Because of Gambling Reforms
Macau is allegedly planning to extend all gaming licenses by six months. The renewed permits will be valid until the end of 2022, the reports claim. Macau Might Extend Licenses by Six Months This news comes from local news outlets in Macau, which say that the region’s regulator is thinking about extending its operators’ licenses. […]
Casino
February 22, 2022
IAG Interviews Kwok Chi Chung on Future Macau Junket Changes
As junket operators are increasingly under pressure in Macau, Inside Asia Gaming (IAG) spoke with Kwok Chi Chung, the president of the Macau Association of Gaming and Entertainment Promoters, to discuss the fresh challenges the industry faces. This followed a meeting between the Gaming Inspection and Coordination Bureau (DICJ) and junket operators’ representatives. Kwok remained optimistic about a […]
Casino
February 16, 2022
LVS and AAEC’s 20-Year-Old Dispute Might End in the Coming Weeks
Macau’s Court of First Instance has picked Las Vegas Sands (LVS) over Asian American Entertainment Corp (AAEC) in a massive $7.5 billion lawsuit that dates back 20 years and which was filed over an alleged contract breach. LVS claims that the contract between the two companies ended on January 15, 2002, and it concerns a […]
Industry
February 11, 2022
Massive Hotel Growth Expected for Macau in the Coming Months
Macau is going through one of the biggest transformational periods it has seen since being transferred from Portugal to China. Casinos have ruled the city for the past five decades, but this is no longer going to be the case. While gambling will continue to be a major part of the economy, leaders in China […]
Industry
February 10, 2022
MGM China Eyeing Strong Recovery, Converting Junkets Part of Plan
Junket operators are a thing of the past in China and Macau. As MGM China would confirm, cutting the middleman out of business is not a bad thing. With junket operators out of the way, transitioning former junket customers now represents a unique opportunity for the growth of operators. MGM China Keen to Pursue Strong […]
Casino
February 7, 2022
LVS Becomes Latest Concessionaire to Forego Junkets in Macau
Macau has undergone some significant changes in the way it issues licenses to casinos, part of a broader review that was intended to bring the Special Administrative Region (SAR) under the further control of Beijing. The move also gave operating casinos in the SAR a very strong incentive to sit up and listen. As a […]
Industry
February 1, 2022
Macau’s Casino Scene Takes a Step Backward as 2022 Gets Going
According to Macau’s Gaming Inspection and Coordination Bureau (DICJ, for its Portuguese acronym) data, Macau’s gross gaming revenue (GGR) fell 20.3% in January. This is a decrease of 20.3% from the previous month. This revenue was MOP6.34 billion ($793 million) compared to December’s MOP7.96 billion ($990.2 million). The year-on-year difference saw a drop of 20.9%. […]
Legal
January 31, 2022
Macau Police Reports Gaming-Related Crime Went up in 2021
The numbers are in, and crime has not gone down in Macau over the last 12 months. These are the conclusions published by Macau’s Judicial Police last Thursday. The wave of criminality in the special administrative region has increased by 23.2% year-over-year, citing gaming-related crimes. Gaming-Related Crime Still Pervades Society Despite the pandemic, criminals have […]
Business
January 31, 2022
Second High-Profile Junket Operator Arrested in Macau
Levo Chan Weng Line, the boss of Macau casino junket operator Tak Chun, was detained in Macau on Friday, according to the Judiciary Police. After Suncity Group, Tak Chun was one of the largest junket operators in the city. More Macau Junkets Fall A 49-year-old suspect identified as Chan by Macau authorities was taken into […]
Industry
January 28, 2022
Problem Gambling Impacts Family Relationships in Macau
Problem gambling is a delicate matter anywhere you go. While the stigma associated with this behavior has mostly dissipated, owing to clinical trials that prove it is a serious medical condition, numerous studies have found it necessary to reiterate the societal impact the higher prevalence of problem gambling plays – not least to help alleviate […]