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Gambling News - 'Macau'
Industry
November 20, 2023
Bond Investors Double Down on Macau Casino Debt
Bond investors from Asia and beyond are taking the risk and doubling down on investments in Macau casino debt. This move carries certain uncertainties but has the potential to be more lucrative than investments in corporate debt. At the moment, investing in Macau casino debt might be less risky than investing in shares too. The […]
Business
November 13, 2023
Aristocrat Gaming to Showcase Year of the Dragon Games at MGS
Aristocrat Gaming, a leading slot machine and casino game manufacturer, is set to showcase new games at the Macau Gaming Show (MGS) Summit. The event is scheduled for November 14 and 15 and will welcome over 5,000 industry professionals. The highly anticipated trade exhibition will see Aristocrat Gaming display some of its recent and upcoming […]
Legal
November 13, 2023
Macau Gambling Operators Abandon Compensations from Suncity
Late last month, the Court of Second Instance in Macau confirmed an 18-year prison sentence against Alvin Chau, the former CEO and founder of the junket operator, Suncity Group. The former CEO was indicted for money laundering, illegal gambling, fraud and association with criminal organizations. In addition to Chau, some 20 other people were also […]
Legal
October 23, 2023
Macau Court Confirms Ex-Junket King Chau Prison Sentence
In January, the 49-year-old founder and chief executive officer of casino junket Suncity Group Ltd., Alvin Chau, was indicted for fraud, criminal association, money laundering, and illegal gaming. Some 20 other people were indicted for the same crimes. While the former CEO was not convicted of money laundering at the Court of First Instance, he […]
Industry
October 2, 2023
Macau Reports Impressive Gaming Revenue Increase for September
The gambling province of Macau has reported an extraordinary surge in gaming revenue for September 2023, showcasing its resilience and rapid recovery. Although the MOP 14.9 billion ($1.85 billion) falls below August’s results, this remarkable recovery indicates a positive trend amidst the challenges of the COVID-19 pandemic and changing government policies. Most Metrics Recorded Substantial […]
Casino
September 26, 2023
Wynn Macau’s Cancelation of the HallyuPopFest Causes Online Outrage
Casino and hospitality company Wynn Macau was planning to host a spectacular K-pop festival, promising visitors a lot of musical enjoyment. Unfortunately, the event had to be suddenly called off, prompting disgruntlement among fans. The so-called HallyuPopFest Macau 2023 was set to take place on October 21 and October 22 and welcome some of the […]
Casino
September 21, 2023
Macau Reports Decrease in Gambling Participation Rates and Gambling Disorders
Macau, renowned as a global gambling hub, has reported significant shifts in its gambling landscape. The territory’s Social Welfare Bureau (IAS) cited a recent University of Macau survey, noting that gambling participation and gambling disorders among adults significantly decreased in 2022. These figures match Macau’s efforts to diversify its offerings and gradually reduce the role […]
Industry
September 1, 2023
Macau Posts Strong August Results but Is Yet to Surpass the Pre-Pandemic Levels
Macau’s gaming market continues to show clear signs of recovery as the region’s industry posted a spectacular year-on-year growth of 686%. With China’s zero-COVID policy finally a thing of the past, the restrictions that weighed down on the industry have finally been lifted. In August alone, Macau’s gaming industry reached a respectable $2.13 billion (converted […]
Casino
August 4, 2023
Gambling Capital Macau Completes First Round of Iris Check Border Controls
There are 500 clearance devices that will be installed moving forward and the government is expected to ask residents to test the technology. Should the test run successfully, the iris-clearing border checks may be rolled out on a larger scale and be introduced at every border check in Macau. Running More Tests Before Large-Scale Implementation […]
Casino
July 19, 2023
Wynn Macau Expands Global Reach with Preferred Hotels & Resorts Partnership
By joining the Preferred Hotels & Resorts Legend Collection, Wynn Macau and Wynn Palace will help diversify the two properties’ client base, hopefully attracting more foreign visitors. The independent hotel brand will utilize its strategic sales solutions to drive growth and customer retention. This partnership leverages Macau’s ongoing recovery and Wynn Resorts’ financial success, positioning […]