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Casino
December 13, 2020
Morgan Stanley Expects Macau to Extend Concessions
Morgan Stanley expects the Macau Government to grant extensions to 2025 for its concessionaries due to the economic effects of the COVID-19 pandemic. Analysts Expect Extension Morgan Stanley analysts believe that the Government of Macau will likely drop its initial plans to hold an open tender for gaming licenses before June 2022. Instead, the country […]
Legal
December 12, 2020
Macau Police Raided Illegal Online Gambling Ring, Arrested 4
Illicit online gambling websites were at the center of the illegal gambling operation crackdown by Macau’s Judiciary Police Thursday. The police briefing also revealed the websites were set up to use several local servers located at a third-party rented from a Macau telecommunication firm data center. Arrests and Seizure of Evidence The Judiciary Police in […]
Industry
December 10, 2020
Macau Reports 71.1% YOY Drop in GGR Taxes
Macau will collect an estimated $3.70 billion in taxes from casino gambling operations in 2020, or a 71.1% less than the originally expected amount. Macau’s GGR Crashes in 2020 Dealing with the worst economic downturn in recent history, Macau’s government has reported that it expects to collect an estimated MOP29.46 billion ($3.70 billion) in taxes […]
Industry
December 6, 2020
JP Morgan: No Room for Panic for Macau Casinos for Now
Macau gambling industry is still struggling to rebound from the coronavirus impact and the subsequent restriction measures resulting in $27 billion less revenue this year, when a new existential threat is on the horizon: the adoption of the digital currently backed by the People’s Bank of China (PBC), the digital yuan. Junkets Facing an Existential […]
Legal
December 2, 2020
Macau Regulator Denies Reports of E-Yuan Gaming Options
After a report by Bloomberg that Macau’s casinos will replace FIAT currency with e-yuan, the city’s gambling regulator has denied the rumors outright. No E-Yuan for Macau’s Casinos, Says Regulator A recent report by Bloomberg has suggested that the Gaming Inspection and Coordination Bureau (DICJ) in Macau may be preparing to introduce the e-yuan as […]
Casino
November 29, 2020
Gaming-Related Crime Levels in Macau Drop Along with Footfall
Gaming-related crime levels in Macau for the first 9 months of 2020 registered a year-on-year decrease in a number of categories, the latest data released by the Office of the Secretary of Security showed. Unlike in previous data releases by the authorities, the latest announcement did not provide an overall figure for gaming-related crime during […]
Industry
November 25, 2020
Bernstein: Macau’s Recovery Goes through Mass Premium Sector
Sparkling casinos and world-renowned hotels welcome tourists in Macau, a former Portuguese colony that has now become a Special Administrative Region of the People’s Republic of China. Travellers particularly appreciate the mix of Las Vegas-style rhinestones and rich history. As tourists are not all there for gambling, specialists said that there still was a parallel […]
Industry
November 24, 2020
Mainland Demand, Ease of Travel Restrictions to Boost Macau
Recovery in Macau is qualified as medium-term bullish, says Morgan Stanley, which has expressed positive outlook for the special administrative region on Monday. Macau’s Road to Recovery May Not Be too Far Ahead Chinese nationals may yet play a significant role in Macau’s gaming recovery, with Morgan Stanley assigning on Monday a medium-term bullish recovery […]
Casino
November 23, 2020
Macau’s VIP Segment to Drive Recovery for a While Longer
Macau is predicating its recovery on several factors, including the VIP segment, mass gaming vertical and family-friendly tourism moving forward. Recovery in Macau Begins as VIP Players Return Macau is looking for multiple ways to recover lost gambling revenue, the bulk of which was severed during the nadir of the novel coronavirus pandemic. Receipts at […]
Legal
November 20, 2020
Macau Clamps Down on 97 Illegal Gambling Sites in 2020
Some 97 websites related to illegal gambling and frauds have been suspended in Macau during the first eight months of the year. Macau Shuts 97 Illegal Gambling and Fraud Websites Macau has reported that 97 websites linked to illicit gambling or fraud have been shut so far in 2020, and specifically covering the first eight […]