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Casino
September 2, 2021
Macau’s GGR Drops in August, but Recovery Could Be Coming
As Macau continues to struggle with its COVID-19 recovery, the numbers are much lower than previously expected. New bouts of the coronavirus, including through the Delta variant, are hurting efforts to rebound and August didn’t bring much relief. According to analysts, September won’t be any better, either, but October could finally result in a welcome […]
Industry
August 26, 2021
Hong Kong Customs Busts Major Money Laundering Operation
Five men have been arrested for money launder when trying to cross the Hong Kong-Zhuhai-Macau Bridge. Hong Kong customs officers claim that the men participated in operations that illegally transported over $22 million in cash that is believed to have been acquired through fraud. The case was reported by the Hong Kong Government itself. A […]
Industry
August 16, 2021
Macau Records Lowest Weekly GGR Since September 2020
Macau’s casinos have recorded the lowest weekly gross gaming revenue since September 2020. Macau Casinos’ Weekly GGR Down by 37% On Monday, Sanford C. Bernstein Ltd, an investment research and institutional asset management company, reported that there was a decline in Macau casinos’ weekly gross gaming revenue (GGR). Due to the pandemic, the GGR dropped 37% week-on-week, from […]
Industry
August 4, 2021
COVID-19 Testing in Macau Brings Unexpected Consequences
For more than a year, Macau did not have a single positive COVID-19 case. However, after four people tested positive with the Delta COVID-19 variant this week, the local government initiated mass testing. Reportedly, the testing resulted in a spike of players and employees leaving Macau, as well as a decrease in gaming stocks. Mass […]
Casino
August 2, 2021
SJM Resorts to Relocate 118 Table Games to the Grand Lisboa Palace
The Grand Lisboa Palace casino opened over the weekend, and this $5 billion project includes 150 new table games. To make sure that the casino provides its patrons with the best gaming experience, SJM Resorts intends to relocate 118 table games, including VIP baccarat, to the property. Grand Lisboa Palace, The $5 Billion Casino According […]
Industry
August 2, 2021
July Was a Good Month for Macau Casinos, but Trouble Could Be Coming
It is becoming apparent that Macau’s casinos have a long way to go before they can claim victory over the COVID-19 pandemic. The past couple of months have been a roller coaster for the gambling properties, and stability is likely still out of reach. July, however, was a good month, with the six casino operators […]
Industry
July 30, 2021
The Chinese Island of Hengqin Could Soon Belong to Macau
Macau could be on the verge of receiving a large and expensive gift. Rumors are circulating that China may be preparing to give the city the island of Hengqin, which, should it happen, would give Macau greater flexibility as a global tourism hotspot. It could also, in theory, provide a boost to the city’s casinos. […]
Casino
July 22, 2021
Sands China Boss Feels Macau Concession Extension Inevitable
Next year is an important year for casino operators in Macau. The six licensed operators have to prove to the city that they’re worthy of being issued a new concession, but there’s a problem. No one yet knows what is going to be expected of them moving forward. Without some idea of how Macau’s gaming […]
Industry
July 13, 2021
Macau GGR Rebounds in July, Further Improvement Expected
A significant increase in Macau’s daily gross gaming revenue (GGR) registered in the first 11 days of July is bringing back hopes that the gaming industry will somehow manage to rebound strongly in the second half of 2021 and return to pre-pandemic levels. Daily Average GGR Rebounding Daily GGR from July 1 to July 11 […]
Industry
July 9, 2021
Macau Still Trying to Find Solid Ground to Recover From COVID-19
Macau is having difficulty jumpstarting its economy after the dismal 2020 it was subjected to by COVID-19. There have been good times and bad times, but, overall, there were more bad times than good. According to the latest data from the city’s Financial Services Bureau (FSB), the first six months of the year have been […]