The Macau Public Security Police says the number of visitors who ventured into the Special Administrative Region (SAR) last year fell roughly 85 percent compared with 2019. ...
Macau Pays Respects to Sheldon Adelson, But His Death Could Impact Sands China
The Macau government is weighing in on the death of casino billionaire Sheldon Adelson at the age of 87. Sheldon Adelson is seen ...
Macau casinos experience promising start to January
The 39 casinos in Macau have reportedly seen their aggregated gross gaming revenues for the first ten days of January trend considerably higher when compared with the same period last month. According to a report from Inside Asian Gaming, this encouraging development was revealed by international brokerage Sanford C Bernstein Limited after casinos in ...
Macau Casino Equities Ready for Second Half Rebound, Says Morgan Stanley
Shares of Macau gaming operators could endure lethargic starts to 2021 before a catalyst-rich rebound materializes in the second half of the year, according to Morgan Stanley. ...
Macau Welcomes Over 30K Visitors on New Year’s Eve, But Entry Restrictions Return
Macau welcomed more than 30,000 visitors into the Chinese Special Administrative Region (SAR) for the Near Year’s Eve holiday. It’s the highest daily tally for entries in almost a year. ...
Macau casinos benefitting from mass-market business
The 39 casinos in Macau could at long last be about to begin recovering from their coronavirus-induced downturns after seeing aggregated fourth-quarter mass-market gross gaming revenues reach the ‘highest level on record.’ According to a report from Inside Asian Gaming, this is the view of financial services giant JP Morgan even as the former ...
Las Vegas Sands, Wynn Are Macau Names to Remember Following Forgettable 2020
Last year, the six Macau concessionaires won just $7.53 billion combined, as the coronavirus pandemic forced the worst annual gross gaming revenue (GGR) tally in the special administrative region (SAR) since 2006. But analysts are optimistic about rebound prospects in 2021. ...
Macau operations unit of SJM Holdings to pay eligible employees living subsidies
SJM Holdings Ltd.’s, Macau operations unit, Sociedade de Jogos de Macau SA (SJM) has announced it plans to pay qualifying employees what is being called ‘living subsidies.’ The subsidy will be equal to two months or one and a half months of the employee’s salary. The amount will be provided in two equal payments. ...
Macau Casinos End 2020 on High Note, Gaming Analysts Expect 2021 Rebound
Macau casinos just wrapped up their worst year since 2006, the six commercial gaming operators collectively winning 60.4 billion patacas ($7.53 billion). Macau ...
Alleged $1.8B Cross-Border Gambling Scheme in Macau Infiltrated, 30 People Detained
Police in Macau say they, along with assistance from mainland authorities, have successfully infiltrated an alleged cross-border gambling scheme that moved CNY11.62 billion (USD$1.8 billion) into the enclave undetected. ...
Gaming Analysts Predict License Extensions for Macau Casino Giants
The six commercial casino operators in Macau are set to see their gaming concessions expire in June of 2022. However, gaming analysts believe expiry for the coveted permits could be extended. ...
Macau Stocks Steady Heading Into 2021, Analyst Hikes Targets on LVS, MGM, Wynn
Las Vegas Sands (NYSE:LVS), MGM Resorts International (NYSE:MGM), and Wynn Resorts (NASDAQ:WYNN) are the domestic gaming companies with Macau footprints. To say that trait has been problematic in 2020 is underplaying the matter. ...
Macau Won’t Have V-Shaped Recovery, But Rebound Gradually Gains Momentum
Macau’s gaming industry is on the mend following months of punishment at the hands of the coronavirus pandemic. But analysts caution the recovery isn’t likely to be as swift as some investors are hoping. ...
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Macau Could Employ Stopgap Measures for License Renewal Amid Time Crunch
Due to the coronavirus pandemic, Macau faces a crimped timeline for renewing gaming licenses and could resort to various temporary solutions before delving into more substantive discussions with the six concessionaires. ...
Macau Triad Leader ‘Broken Tooth’ Wan Kuok-koi Sanctioned by US Government for Expanding Criminal Empire
Notorious Macau gangster Wan Kuok-koi, aka “Broken Tooth” Koi, has been sanctioned by the US government. “Broken Tooth” Wan Kuok-koi, seen here at ...
Macau Police Bust Alleged Online Gaming Hub Hosted in Enclave Limits
The Macau Judiciary Police says it has infiltrated an alleged online gambling operation that was conducting an illegal business from within the enclave. ...
Wynn Macau Less VIP-Dependent, Has Right Stuff for Rebound, Say Analysts
Wynn Resorts (NASDAQ:WYNN) stock is lower by almost 20 percent year-to-date, a slump largely attributable to softness in Macau’s VIP market. But some analysts see the operator as less reliant on that segment, possibly positioning the shares for more upside in 2021. ...
Macau Will Offer COVID-19 Vaccine Free to Residents
Macau residents will have free access to a COVID-19 vaccine once adequate doses become available in the Chinese Special Administrative Region (SAR). China ...
Las Vegas Sands Remains Preferred Idea for Macau Recovery
Macau visitation trends are perking up and data confirm gross gaming revenue (GGR) are improving following a lengthy, coronavirus-induced slide for much of this year, prompting some analysts to reiterate bullish views on Las Vegas Sands (NYSE:LVS). ...
Macau Regulator Denies It Wants Cashless Casino Economy Through Beijing-Backed DCEP Cryptocurrency
Macau’s gaming regulator, DICJ, has rejected reports that the world’s richest casino economy plans to embrace the state-backed digital currency, DCEP. Beijing’s proposed ...
Macau gaming revenues continuing slow recovery
The 39 casinos in Macau reportedly saw their aggregated gross gaming revenues for November fall by 70.5% year-on-year to slightly over $845.15 million due in large part to the continuing impact of the coronavirus pandemic. According to a report from Inside Asian Gaming citing official information from the enclave’s Gaming Inspection and Coordination Bureau ...
Macau GGR Decline Slows as Mainlanders Continue to Return
Macau gaming revenues dropped 70.5 percent year on year in November, according to official figures. Under anything approaching normal circumstances this would be an intolerable decline for the world’s richest gambling hub. But amid a global pandemic, it’s a move in the right direction. ...
Macau gaming law amendment would require operators to hire locals for 85% of middle and senior management employees
During a recent meeting in Macau, government officials revealed details regarding amendments to gaming law in the region. Lei Waj Nong, the Secretary for Economy and Finance in Macau, made his 2021 policy address late last week in the Legislative Assembly. Questions were answered by Nong during the meeting, stating that amendments to the ...
Crime Inside Macau Casinos Decreases in 2020, One Benefit of a Pandemic
Macau casinos in 2020 have been barren spaces compared with non-pandemic years, and that’s led to fewer reported instances of crime inside the resorts. ...
Londoner Macau Slated to Open February 2021
Sands China’s Londoner Macau is nearing completion and is on pace to open in February, potentially positioning the venue to capitalize on rebounding traffic next year in the world’s largest casino center. ...
