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Sports
November 20, 2020
Macau Plans on Hosting 12 Major Sports Events in 2021
The special administrative region of Macau will move past the pandemic by diversifying its revenue streams and add sports and tourism to its casino industry to achieve better sustainability. The city plans on hosting 12 major sports events in 2021. Macau Bets on Tourism and Sports Events for Future Sustainability Macau has long been touted […]
Legal
November 7, 2020
Police Arrest Alleged Casino Money Fraudsters in Macau
Macau’s Judiciary Police has arrested multiple individuals allegedly involved in frauds with casino money and the use of counterfeit currency. Some of the newly apprehended individuals are related to alleged crimes from last year. Macau’s Police Arrests People Allegedly Related to Casino Money Frauds Macau’s gaming industry has suffered due to the spread of respiratory […]
Business
November 6, 2020
Wynn Resorts Reports $758.1 Million Loss in Q3, Focuses On iGaming Venture
On November 5, Wynn Resorts reported a net loss of $758.1 million in Q3, a 53.3% decline year-on-year. Despite huge falls in revenue at its two Macau resorts, positive trends have been emerging on the local market. Positive Trends Emerge in Macau High-end hotel and casino developer Wynn Resorts reported yesterday a $758.1 million loss […]
Casino
November 5, 2020
Macao’s Recovery Expedited by China’s Crackdown on Junkets
Junket operators restrictions force more of these companies to drive VIP and high roller players to Macao exclusively at the behest of Beijing. This could be the essence of the administrative region’s recovery. Tougher Stance on China’s Junkets Could Mean Higher Revenue for Macao Macao was the first gaming hub in the world to […]
Casino
November 1, 2020
Macau October GGR Up 288% MoM, 10-Month Aggregate Down 81%
Casino industry rebound in the Special Administrative Region (SAR) of China continues, as the city’s regulator, the Gaming Inspection and Coordination Bureau (DICJ), reported Sunday more than 200% rise in gross gaming revenue (GGR) on a sequential monthly basis. Casinos Slowly Rebounding The regulator release showed GGR in October was the equivalent of $910.9 million […]
Business
September 7, 2020
Macau Airport Saw 30% Boost in August Daily Flights
Macau International Airport handled more flights in August compared to the previous month, a report released today by media outlet GGRAsia informed. The airport saw on average 8 flights per day, a 30% increase, mainly due to the expanded number of mainland China destinations. According to the information provided by Macau International Airport Company Ltd, […]
Casino
September 6, 2020
Macau Seeks Recovery Beyond Casino Gambling, Boosts Tourism
The COVID-19 lockdown has served as a wake-up call for Macau to begin considering alternative sources of revenue other than gambling for its economy. A family-friendly approach to tourism is the plan local authorities are pushing ahead with. Macau Cuts Dependence on Gambling, Focuses on Tourism Macau has been trying to break away from its […]
Business
September 1, 2020
PokerStars Reportedly Exiting China, Macau, and Taiwan
PokerStars may be exiting the China, Macau, and Taiwan market, suggests an email posted on the Two Plus Two poker forum yesterday. In an earnings call last week, the parent company Flutter Entertainment did note that it switched off a small number of jurisdictions. Is PokerStars Withdrawing from China, Macau, and Taiwan? PokerStars may be […]
Casino
August 2, 2020
Macau Gambling Industry Freefall Continues, July Revenues Sink
Casinos in Macau continue to suffer, a report of the Gaming Inspection and Coordination outlined. Gambling revenue in the Special Administrative Region (SAR) dropped again in July, 3.5% year-on-year, due to a slowdown in the Chinese economy, travel and visa restrictions, and tempered demand for gambling from high-rollers, as well as the trade war between […]
Industry
July 28, 2020
Macau Police Detained 3 People Suspected of People Smuggling
The Judiciary Police in Macau arrested 8 suspects Saturday for alleged participation in people-smuggling operations, a Monday morning special press conference of the Judiciary Police in the Special Administrative Region (SAR) outlined. 5 other suspects were arrested in Zhuhai in the joint operation of the Judiciary Police, Macau Customs Service and the Zhuhai Public Security […]