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In Macau and local authorities have reportedly instituted a number of measures to help better insulate the city from the recent outbreak of a highly-infectious coronavirus that has so far claimed nine lives in neighboring China. According to a report from The Straits Times newspaper, the previously unknown virus was first reported in the ...
In Macau and health officials have reportedly advised the city’s many casinos to take a variety of measures such as installing body temperature monitors so as to help stop a potential outbreak of ‘viral pneumonia.’ According to a report from GGRAsia, the Thursday caution from the enclave’s Heath Bureau followed the recording of what ...
In Macau and the Gaming Inspection and Coordination Bureau has reportedly announced that it remains committed to protecting the well-being of the city’s many casino employees following the emergence of concerns over the possible safety of technologies often used to track chips. According to a report from GGRAsia, the state-run regulator responded to a ...
The 41 casinos in Macau reportedly ended December on a downward note after recording a 13.7% year-on-year decrease in monthly aggregated gross gaming revenues to slightly over $2.84 billion. According to a Wednesday report from GGRAsia citing official information from the city’s Gaming Inspection and Coordination Bureau regulator, the December figure represented the largest ...
In Macau and a local trade union has announced that it will holding a demonstration on Thursday afternoon in hopes of securing better pay and working conditions for the city’s over 50,000 casino employees. According to a report from GGRAsia, the action from the New Macau Gaming Staff Rights Association is to include a ...
In Macau, new legislation that prohibits employees of the city’s many locally-licensed junket firms and casinos from setting foot on a gaming floor outside of their normal working hours has reportedly come into force. According to a Friday report from GGRAsia, the controversial prohibition was ratified by the enclave’s 33-member Legislative Assembly last December ...
Following over 15 years of planning and construction and the initial stage of the Macau Light Rapid Transit (MLRT) system reportedly opened earlier today to give the casino-laden city its first ever passenger railway. According to reports from Inside Asian Gaming and Macau News, this inaugural 5.7-mile section features eleven stations and runs from ...
The over 35 casinos in Macau reportedly experienced a disappointing November after chalking up an 8.5% year-on-year decrease in aggregated gross gaming revenues to slightly over $2.83 billion. According to a Sunday report from Inside Asian Gaming citing official figures from the enclave’s Gaming Inspection and Coordination Bureau, the November figure was the year’s ...
In Macau and a considerable increase in the number of same-day visitations reportedly helped to push overall October tourist numbers up by some 1.8% year-on-year to almost 3.21 million. According to a report from Inside Asian Gaming citing official information from the enclave’s Statistics and Census Service (DSEC), this comparable escalation was assisted by ...
In Macau and government officials have reportedly announced that they expect the city’s collection of almost 40 casinos to chalk up aggregated gross gaming revenues of about $32.2 billion for the entirety of next year. According to a report from GGRAsia, this prediction was contained within the enclave’s draft budget for 2020 and would ...
In Macau and a senior executive with the local subsidiary of American casino operator, Wynn Resorts Limited, has reportedly declared that she is ‘not worried at all’ by a recent decline in business from the city’s VIP gaming sector. According to a report from GGRAsia, Linda Chen (pictured) serves as Vice-Chairman and Chief Operating ...
In Macau and the local subordinate of American casino operator Wynn Resorts Limited reportedly saw its third-quarter operating revenues decline by some 22.7% year-on-year to hit approximately $1.07 billion thanks to a major drop in VIP turnover. According to a report from Inside Asian Gaming, Wynn Macau Limited is responsible for the 1,000-room Wynn ...
In Macau and the boss for Asian casino operator Melco Resorts and Entertainment Limited has reportedly announced that his firm is planning to begin construction on the second phase of its giant Studio City Macau venue by the end of the year. According to a report from Inside Asian Gaming, Lawrence Ho Yau Lung ...
The first seven days of October reportedly saw the over 35 casinos in Macau record aggregated daily gross gaming revenues that were some 12% lower year-on-year at approximately $142.33 million. According to a report from GGRAsia, this figure was detailed in a Tuesday note from Hong Kong-based brokerage firm JP Morgan Securities (Asia Pacific) ...
In Macau and it would appear that suspected instances of money laundering have recently decreased after the enclave’s Financial Intelligence Office purportedly revealed that it had received only 2,089 suspicious transaction reports since the start of the year. According to a story from GGRAsia, such reports are a good guide to the prevalence of ...
Following two months of comparable declines and aggregated gross gaming revenues from the over 35 casinos in Macau reportedly recovered in September courtesy of an increase of 0.57% year-on-year to slightly over $2.73 billion. According to a report from the Bloomberg news service citing official figures from the enclave’s Gaming Inspection and Coordination Bureau, ...
In Macau and prominent Asian junket firm, Suncity Group, has reportedly announced that it will be premiering a refurbished VIP gaming lounge inside the giant Galaxy Macau property from Tuesday. According to a report from GGRAsia, the private firm detailed that the refreshed facility located near the colossal venue’s Diamond Lobby entrance will go ...
Global brokerage and investments firm, Morgan Stanley, has reportedly become the latest to envision hard times ahead for the casino industry in Macau after it lowered an earlier forecast concerning what it expects the enclave to record in aggregated gross gaming revenues for the twelve months to the end of December. According to a ...
The government of Macau has reportedly announced that it recorded a 1.5% increase year-on-year in combined tax revenues from gaming for the eight months to the end of August to approximately $9.48 billion. According to a report from GGRAsia citing official data from the enclave’s Financial Services Bureau, this figure was higher than the ...
In Macau and the enclave’s Economy and Finance Secretary has reportedly warned that aggregated gross gaming revenues for September are likely to be lower when compared with the same month last year. According to a report from GGRAsia, Lionel Leong Vai Tac made the revelation on Monday by declaring that the outlook for the ...
The boss for prominent Asian junket operator, Suncity Group, has reportedly predicted that Macau could see an up to 20% decline year-on-year in fourth-quarter aggregated gross gaming revenues to around $7.79 billion. According to a report from GGRAsia, Alvin Chau Cheok Wa (pictured) made the forecast via a story published earlier today by the ...
The over 35 casinos in Macau reportedly had a bad August after they chalked up an 8.6% year-on-year decrease in aggregated gross gaming revenues to come in at slightly over $3 billion. According to a Sunday report from GGRAsia citing official figures from the enclave’s Gaming Inspection and Coordination Bureau, the result for the ...
In Macau and local businessman Ho Iat Seng (pictured) has reportedly been selected to replace the outgoing Fernando Chui Sai On and serve as the former Portuguese enclave’s third ever Chief Executive. According to a Sunday report, 62-year-old Ho previously worked as President for the city’s Legislative Assembly and was named to his new ...
In Macau and the latest government-backed visitor expenditure survey has reportedly shown that aggregated tourist spend on non-gaming activities during the second quarter dropped by some 4.8% year-on-year to stand at just over $1.94 billion. According to a Wednesday report from GGRAsia citing official information from the city’s Statistics and Census Service, the most ...
Almost a month after unveiling the final designs for a planned $2 billion expansion of its Wynn Macau property and casino operator, Wynn Resorts Limited, has reportedly announced that it hopes this scheme will eventually help to ease pressure on its nearby Wynn Palace Cotai venue. According to a report, this revelation came from ...
