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 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 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 ...
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 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 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 ...