Tag Archives Macau

Macau records lacklustre June aggregated gross gaming revenues

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The 39 casinos in Macau reportedly saw their aggregated gross gaming revenues for June drop by almost 97% year-on-year to just over $89.69 million due in large part to the impact of ongoing coronavirus-related travel restrictions. According to a report from Inside Asian Gaming citing official information from the enclave’s Gaming Inspection and Coordination ...

US commercial casinos see new growth in 2019; beating out Macau and Philippines

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The American Gaming Association has provided their yearly State of the States report, showing that the United States commercial casino gaming industry earned $43.6 billion last year. This was a solid 3.7% increase from 2018. As the report was released, analysts couldn’t help to consider the Covid-19 pandemic and how the 2020 report will ...

Recovery in Macau aggregated gross gaming revenues remains elusive

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Travel restrictions implemented to help stop the spread of coronavirus were reportedly largely to blame as Macau recorded a 93.2% year-on-year decrease in aggregated gross gaming revenues for last month to just $220.94 million. According to reports from GGRAsia and Inside Asian Gaming citing official figures from the enclave’s Gaming Inspection and Coordination Bureau, ...

Macau experiences significant decrease in April visitor numbers

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Ongoing border restrictions put in place to help combat the coronavirus pandemic have reportedly helped to push Macau’s visitor numbers for last month down by 99.7% year-on-year to only 11,041. According to a report from Inside Asian Gaming citing official information from the enclave’s Statistics and Census Service, this tally represented a 94.8% decline ...

Macau being advised to look towards iGaming for coronavirus relief

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In Macau and a prominent local academic has reportedly suggested that the enclave could help to mitigate some of the adverse consequences of the recent coronavirus pandemic by legalizing online gambling. According to a report from Inside Asian Gaming, Zhonglu Zeng is a professor at the Macao Polytechnic Institute’s Gaming Teaching and Research Centre ...

Macau casino operators excluded from coming economic stimulus package

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Despite recording an almost 80% drop year-on-year in aggregated gross gaming revenues for March and the operators behind the 39 commercial casinos in Macau are reportedly set to be excluded from a coming $1.7 billion economic stimulus program. According to a report from Inside Asian Gaming, the government for the former Portuguese enclave declared ...

Macau records discouraging March casino revenues tally

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Last month reportedly saw the 39 casinos in Macau record an almost 80% drop year-on-year in aggregated gross gaming revenues to slightly over $658.31 million due in large part to the ongoing impact of the coronavirus pandemic. According to a report from GGRAsia citing official information from the enclave’s Gaming Inspection and Coordination Bureau, ...

Macau downgrades full-year aggregated casino revenue prediction

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The government of Macau has reportedly halved the city’s coming full-year aggregated gross gaming revenues forecast in light of the negative impacts of the ongoing global coronavirus pandemic. According to a report from GGRAsia, the former Portuguese enclave now expects its 39 active casinos to record aggregated gross gaming revenues for 2020 of approximately ...

Macau government dismisses gaming tax relief suggestion

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In Macau, a leading government official has reportedly detailed that the city has no intention of introducing temporary tax breaks to help local gambling firms recover from the financial impacts of the enclave’s recent 15-day casino shutdown and ongoing coronavirus slowdown. According to a report from Inside Asian Gaming, Lei Wai Nong (pictured) serves ...

Macau hotel occupancy rates plummet amid continuing coronavirus anxiety

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In Macau and fears over the highly-contagious coronavirus strain reportedly helped to push the average January occupancy rate for the city’s many three to five-star hotels down by some 14.5% year-on-year to only 78.5%. According to GGRAsia citing official data from the Macao Government Tourism Office, last month’s figure for exclusively five-star properties, which ...

Melco Resorts and Entertainment Limited warns of sluggish Macau future

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The boss for Asian casino operator Melco Resorts and Entertainment Limited has reportedly declared that it could take ‘quite a long time’ for the gambling industry in Macau to recover from the negative impacts of the recent coronavirus outbreak. According to a report from GGRAsia, Lawrence Ho Yau Lung (pictured) serves as Chairman and Chief ...

Macau casinos to re-open on Thursday following coronavirus shutdown

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The 39 active casinos in Macau will reportedly be allowed to re-open from midnight on Thursday following the conclusion of a 15-day shuttering that was instituted to help stop the spread of the highly-infectious coronavirus outbreak that is currently ravaging neighboring China. According to a report from Inside Asian Gaming, the city’s Economy and ...

Macau likely to record ‘bleak’ February aggregated gross gaming revenues

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A leading brokerage firm has reportedly predicted that an ongoing casino shutdown in Macau could eventually push the city’s aggregated gross gaming revenues for the entirety of February down by as much as 95% year-on-year to around $158.5 million. According to a report from Inside Asian Gaming, this is the opinion of Sanford C ...

Macau shutdown hurting Wynn Resorts Limited’s bottom line

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The boss for American casino operator Wynn Resorts Limited has reportedly explained that the temporary shutdown of his firm’s two Macau properties is costing the company up to $2.6 million every day. According to the report, the Las Vegas-headquartered company is responsible via its local Wynn Macau Limited subsidiary for the 1,000-room Wynn Macau ...