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In Macau and a senior legislator has reportedly urged the government to consider legalizing some forms of iGaming so as to help the city’s public coffers recover from the ongoing impact of the coronavirus pandemic. According to a report from Inside Asian Gaming, Jose Maria Pereira Coutinho (pictured) has served as a member of ...
In Macau and the beginnings of a post-coronavirus recovery for the local casino industry could reportedly soon be on the cards following news that the city’s combined five-star hotel bookings for the first week of October are already hovering near the 80% mark. According to a Tuesday report from Inside Asian Gaming, the former ...
In Macau and an entity controlled by local businessman Chan Weng Lin (pictured) has reportedly paid approximately $173 million in order to purchase a 20.65% stake in Asian casino operator Macau Legend Development Limited. According to a report from GGRAsia, the acquisition was carried out by the junket entrepreneur’s British Virgin Islands-registered Perfect Achiever ...
The government of Macau has reportedly announced that the city’s 39 casinos handed over almost $76.82 million in aggregated gaming taxes for August to take their combined eight-month reckoning to just above $2.85 billion. According to a report from Inside Asian Gaming citing official data from the enclave’s Financial Services Bureau, the August figure ...
The 39 casinos in Macau could have reportedly begun to emerge from their very long coronavirus-induced downturn after recently recording a significant improvement in aggregated average daily rate to approximately $10.39 million. According to a report from GGRAsia citing a filing from international brokerage Sanford C Bernstein Limited, the figure for the first six ...
In Macau and the Gaming Inspection and Coordination Bureau regulator has reportedly poured cold water on speculation that it may be about to launch a lottery similar to the Mark Six service already offered to punters in nearby Hong Kong. According to a report from Inside Asian Gaming, rumors began early last week that ...
The 39 casinos in Macau reportedly continued to be negatively impacted by the coronavirus pandemic last month as their aggregated gross gaming revenues decreased by 94.5% year-on-year to stand at just over $166.61 million. According to a report from Inside Asian Gaming citing official information from the enclave’s Gaming Inspection and Coordination Bureau regulator, ...
As part of an ongoing effort to improve its compliance standards, giant online casino and sportsbetting operator Flutter Entertainment has reportedly announced the exit of its PokerStars iGaming brand from China, Macau and Taiwan. According to a Monday report from CalvinAyre.com, the London-listed firm declared that the move is part of a company-wide campaign ...
Take your slot play to the next level in iSoftBet‘s latest title Macau High Roller, where players are transported to the posh VIP lounges of Asia’s foremost gaming destination. The 3-reel, 5-row game is the most recent addition to the London-headquartered online and mobile casino software provider’s growing stable of slots, delivering a taste ...
Government officials in mainland China have reportedly announced that they are to once again begin allowing residents of Guangdong Province to visit Macau utilizing Individual Visit Scheme (IVS) and group travel visas from August 26. According to a report from Inside Asian Gaming, China’s National Immigration Administration additionally revealed that both of these facilities ...
The long drought of Chinese tourists entering Macau could soon reportedly be coming to an end following news that local officials have decided to partially revive the Individual Visit Scheme (IVS) for mainland visitors. According to a report from Inside Asian Gaming, the IVS system was initiated in 2003 and had eventually allowed residents ...
Asian casino operator Wynn Macau Limited has reportedly released its unaudited financial results for the second quarter showing that it experienced a drop of 98.2% year-on-year in overall operating revenues to just $20.6 million. According to a report from Inside Asian Gaming, the Hong Kong-listed firm used an official filing to detail that its ...
In Macau and the number of people employed by the enclave’s many casino junket operators reportedly dropped by around 5,200 during the three months to the end of June to approximately 82,300. According to a report from Inside Asian Gaming citing official information from the city’s Statistics and Census Service, the just over 9% ...
In Macau and local junket operator, Macau Golden Group, has reportedly announced that it will be temporarily closing the trio of VIP gaming lounges it runs within the iconic Hotel Lisboa from the end of the month. According to a report from Inside Asian Gaming, the firm detailed that its Golden Club, Grand Hall ...
Asian casino giant Melco Resorts and Entertainment Limited has reportedly announced that it is prepared to spend up to $500 million so as to increase its majority stake in the operating vehicle behind the 1,600-room Studio City Macau. According to reports from GGRAsia, Studio City International Holdings Limited was established as a joint venture ...
The lingering impacts of the coronavirus pandemic will soon reportedly prompt the six licensed casino operators in Macau to detail combined second-quarter deficits in earnings before interest, tax, depreciation and amortization of over $1 billion. According to a report from Inside Asian Gaming, this is the forecast of global brokerage and investments firm Morgan ...
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 ...
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 ...
Asian casino operator Wynn Macau Limited has reportedly warned investors that it is expecting to record a combined loss of up to $126.1 million in adjusted earnings before interest, tax, depreciation and amortization for the months of April and May. According to a report from Inside Asian Gaming, the Hong Kong-listed firm used an ...
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, ...
One of the key men responsible for transforming Macau into the world’s premiere casino hotspot, Stanley Ho Hung Sun (pictured), reportedly passed away at a Hong Kong hospital early this morning at the age of 98. According to reports from GGRAsia and Inside Asian Gaming, Ho was born in British-controlled Hong Kong in 1921 ...
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 ...
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 ...
The 39 casinos in Macau could reportedly start to recover from the economic impacts of the ongoing coronavirus pandemic from June although it could take up to a further two years for their gaming businesses to record 2019 levels of success. According to a report from Inside Asian Gaming, this is the belief of ...
The first three days of the recent Easter holiday period reportedly saw Macau welcome less than 900 tourists as measures put into place to stop the spread of the potentially-lethal coronavirus pandemic continue to take their toll. According to a report from Inside Asian Gaming citing official figures from the enclave’s Public Security Police ...
