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Legal
January 27, 2022
Las Vegas Sands Fights Back Against $7-Billion Lawsuit in Macau
Las Vegas Sands (LVS) is back in court fighting a familiar foe. Asian American Entertainment Corporation (AAEC), a former business partner in Macau that helped it get its start there, has been trying to collect massive amounts of money for years. It argues that LVS breached its contract and, therefore, deserves a fat payday. It […]
Industry
January 26, 2022
Number of Junkets Active in Macau Cut in Half Since January 2021
Over the past year, the total number of Macau licensed gaming junkets has declined by 45.9%. According to the Gaming Inspection and Coordination Bureau (DICJ, for its Portuguese acronym), this is the ninth consecutive year that the number of licensed junkets has declined in Macau. More exits are likely leading up to the implementation of […]
Industry
January 25, 2022
IMF Projects Steady Recovery for Macau as Region Diversifies Economy
Business is a greasy pole – you go up, you go down. Macau has been struggling in the past two years has been all but deprived of its main revenue sources, casino gaming and tourism. This has not stopped the special administrative region (SAR) from continuing panning. It has overhauled its licensing procedure for casinos […]
Industry
January 25, 2022
Macau Legislators Approve New Gambling Laws During First Reading
Macau is one step closer to updating its gambling laws. The Legislative Assembly met yesterday, overwhelmingly adopting a draft gaming legislation amendment bill. A legislative committee review and a second hearing are needed before the bill can become law. A New Macau to Emerge in 2022 The bill draft sets a limit of six gaming […]
Industry
January 21, 2022
Macau Casinos Ready for Action as Flight Ban Lifted
It may only be a small step forward, but it’s still progress. Macau casinos will take whatever they can get to bring operations back to normal levels, and will receive some help next week. Officials from Macau have announced that the ban on civilian flights from other countries for 14 days will be lifted as […]
Industry
January 18, 2022
Macau Confirms New Gambling Laws Through Publication of Draft
The publication of the final version of the draft gambling laws in Macau is a huge step forward. While the laws still need final approval, they offer clear insight into what’s coming and what will be expected of casino operators. Among the many changes, more attention to responsible gambling and social programs are expected. Macau […]
Business
January 18, 2022
Mass-Market Gaming the Big Winner in Macau in 4Q2021
Mass gaming is going to be the big driver of gross gaming revenue (GGR) in Macau. This trend already began last year and will become more pronounced as junkets continue to lose their spot. The last quarter of 2021 saw how important the mass-market gaming segment was for the city’s GGR, blowing away the VIP […]
Industry
January 17, 2022
Macau Clarifies More of What’s In Store for Casino Operators
Macau continues to clear the air on what’s in store for casino operators over the next several months. Officials have released more details about what is likely in store with the city’s updated gambling laws, and the details have operators and analysts a little less tense over the future. Macau Concessions to Remain at Six […]
Industry
January 14, 2022
Macau Recovery Slows as New COVID-19 Restriction Emerges
Macau felt that the worst was behind it when it seemed COVID-19 was no longer going to threaten the city. It began easing travel restrictions between the casino city and mainland China, hoping to see an influx of visitors. The numbers haven’t been where the city expected and might not be for some time to […]
Industry
January 13, 2022
Macau Continues to Tweak Pandemic Monitoring Tools
Macau is hoping to get a hold of how COVID-19 spreads across the special administrative region (SAR), and the truth is it already has. The past two years have seen the region tackle COVID-19 by keeping the infection rates incredibly low. Then, an Omicron variant was detected, prompting the SAR to introduce a two-week ban […]