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Industry
November 1, 2024
Macau October Gross Gaming Revenue Surges to New Heights
Macau’s gross gaming revenue (GGR) climbed to MOP 20.8 billion ($2.6 billion) in October, the best month the region has experienced since COVID-19 restrictions were relaxed at the beginning of last year. According to Macau’s Gaming Inspection and Coordination Bureau (DICJ), this figure surpasses the previous high of MOP 20.2 billion ($2.52 billion) set back […]
Industry
October 28, 2024
Problem Gamblers in Macau Reach Record High in H1 2024
Macau has been a historic conversion of chance and opportunity. The Special Administrative Region (SAR) of China has become a Las Vegas of Asia, at a time when China is not only firmly opposed to gambling, but also cracks down on illegal gambling operations overseas. Macau Sees More Gambling Disorder Cases in H1 2024 Than […]
Industry
October 17, 2024
New Macau Legislation Cracks Down on Illegal Gambling
The new law targeting illegal gambling operations received unanimous approval in Macau’s Legislative Assembly. This effort represents the latest attempt by the city to reorganize its gaming industry. All 32 legislators voted in favor of the “Law to Combat Crimes of Illegal Gambling” in the Wednesday plenary session, targeting unauthorized online gambling, the running of […]
Industry
October 14, 2024
Macau’s First Mainland China-Born Hub Leader to Taper Off Gambling
Amid last week’s news of Macau hitting a record 1.1 million visitors during Golden Week, which commemorates the anniversary of the founding of the People’s Republic of China, the largest gambling hub in the world now has a new leader in the person of Sam Hou Fai. The 62-year-old, who is one of the province’s […]
Industry
October 8, 2024
Macau Records 1.1M Visitors During Golden Week
Macau authorities announced that it approximately 1.1 million people have visited the special administrative region during the National Day holiday period known as Golden Week. This figure exceeded the projected target of 130,000 daily arrivals. Visitation Increased Dramatically The period between September 29 and October 6 saw a daily average of 138,000 visitors and is […]
Industry
September 17, 2024
Macau Blocks 36K Illegal Gambling Sites in H1
The Macau Office of the Secretary for Security has published its report on gambling crime for the first half of the year. This provided insight into the crime-related challenges the special administrative region’s gambling sector has been facing and the authorities’ success in tackling them. Macau Has Blocked Thousands of Illegal Websites in 2024 Alone […]
Business
September 13, 2024
Wynn Stock Deserves More Credit for UAE and Macau, Suggests Analyst
Amid fears about China’s weak economic outlook, some investors were quick to dismiss Macau and Chinese stocks such as Wynn Macau. The stocks of the company’s parent, Wynn Resorts, have also seen a decrease on a year-to-date basis. Stifel Analyst, Optimistic About Wynn Resorts’ Stocks Still, an expert analyst remained optimistic about Wynn Resorts, especially […]
Business
August 20, 2024
Analyst Cautious on Decelerating Trends for Remainder of 2024
An expert analyst disclosed details regarding the current state of gaming and betting markets in the US and Macau, highlighting a decrease in customer spending is expected throughout the second half of the year. The expert analysis came from J.P. Morgan analyst, Joseph Greff, who was recently quoted by CDC Gaming and commented on important […]
Industry
August 5, 2024
Macau Lawmaker Asks Gaming Ops for More Workforce Consideration
In a recent report, Macau lawmaker Leong Sun Iok and the country’s Federation of Trade Unions showed concern in connection to the mental and physical well-being and health of employees in the gaming industries. As per Macau news outlets, following these concerns, Leong is now asking the government to “promote the social responsibility of gaming […]
Industry
July 18, 2024
CreditSights Predicts Fast Recovery for Macau GGR as Tourism Grows
Macau’s post-COVID recovery continues as the special administrative region continues to attract an increasing number of visitors. According to credit research specialist CreditSights, the money wagered per visitor has been experiencing a steady recovery, returning to approximately 93% of the pre-pandemic levels. According to CreditSights analyst David Bussey, the GGR spend per visitor for the […]