Tag Archives Macau

Macau records nine-month decline in suspected instances of money laundering

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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 ...

Slight improvement in September aggregated gross gaming revenues for Macau

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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, ...

Suncity Group to debut refurbished Galaxy Macau VIP gaming lounge

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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 ...

Macau posts 1.5% comparable rise in eight-month tax revenues from gaming

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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 ...

Gloomy prediction for future Macau aggregated gross gaming revenues

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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 ...

Macau records comparable drop in August aggregated gross gaming revenues

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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 ...

Macau records quarterly drop in non-gaming visitor spend

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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 ...

Macau records a 3.5% decline in aggregated gross gaming revenues for July

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The over 35 casinos in Macau reportedly had a bad July after ending a recent spurt of comparable growth to post a 3.5% decline year-on-year in aggregate gross gaming revenues to approximately $3.03 billion. Comparable disappointment: According to a Thursday report from GGRAsia citing official figures from the enclave’s Gaming Inspection and Coordination Bureau, ...

Las Vegas Sands Corporation updates investors on Singapore and Macau expansions

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American casino operator, Las Vegas Sands Corporation, has reportedly utilized a conference call to discuss its most recent second-quarter financial results to update investors about the firm’s ongoing expansion efforts in Singapore and Macau. Singapore scheme: According to a Thursday report, the Las Vegas-headquartered giant had earlier unveiled plans to spend approximately $3.3 billion ...

Macau expected to post relatively flat July aggregated gross gaming revenues

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The Asian branch of global brokerage firm, Sanford C Bernstein and Company, has reportedly predicted that the Macau’s 38-venue casino market will post comparatively flat aggregated gross gaming revenues for the month of July. Paltry performance: According to a report, the Hong Kong-headquartered entity stated that it expects the city’s casino industry to record ...