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AGB - Asia Gaming Brief

Macau mass table gaming almost fully recuperated to pre-pandemic results, slots still lagging

Under the new gaming concessions granted since January 1st, 2024, the number of tables and slots in Macau was reduced to 6000 and 12000, a 13 and 6 percent reduction from the last count before the changes, respectively. MGM was the only one of the six concessionaires to receive an increase in table allocation, with the other five concessionaires,…
Industry
Asgam

Galaxy Chairman Lui Che Woo happy to follow Macau government direction on VIP gaming

The Chairman of Macau concessionaire Galaxy Entertainment Group, Lui Che Woo, has told Hong Kong media that the company supports the government's decision to crack down on junket operations and will develop its direct VIP business gradually. Speaking with Hong Kong media following GEG's shareholders' meeting on Monday, Dr Lui noted that new laws…
Industry
Galaxy Chairman Lui Che Woo happy to follow Macau government direction on VIP gaming
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Asgam

Details of new contracts of six casino concessionaires published

In conjunction with the signing of the six new gaming contracts yesterday, the government has published the content of the contracts, including the operating venues of the concessionaires' casinos, investment commitments and premium details. Investment commitments The government announced yesterday the six concessionaires have committed a total…
Industry
Details of new contracts of six casino concessionaires published
World Casino News

Macau reduces gaming tables and slot machines count

The new concession period in the Macau gambling industry commences on January 1, 2023. The Macau government has therefore announced the allocation of tables and slot machines following its previous announcements that the number of tables and slots under the new concessions would be reduced to 6000 and, respectively, 12000. Law provisions: The Chief…
Industry
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Towards New Horizons: Galaxy Casino, S.A. Awarded New Concession for Operation of Casino Games of Fortune

Towards New Horizons: Galaxy Casino, S.A. Awarded New Concession for Operation of Casino Games of Fortune Macau, Special Administrative Region of the People's Republic of China, (December 17, 2022) - Galaxy Entertainment Group (GEG) is pleased to announce that Galaxy Casino, S.A., a member of GEG, has been awarded a concession for operation of…
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European Gaming

Galaxy Entertainment Warns of Illegal Online Gambling Sites Using its Brand

Galaxy Entertainment Group (GEG) has issued a statement warning that illegal online gambling sites are infringing on its brand names, trademarks and images in an attempt to mislead the public. It said sites were attempting to connect themselves with non-existent fundraising activities. It warned of purported fundraising activities for "Hope Primary…
Gambling Sites
Macau Business

Satellite casinos ‘fraught with opacity and undesirable business practices’, expected law changes necessary

Macau satellite casinos are "fraught with opacity and undesirable business practices" and the closure of the sector's regulatory loophole" in the future amended gaming law will provide more "transparency, legal certainty, and full oversight of the city's gaming industry", a gaming researcher from the Macao Polytechnic University states in a new…
Covid
Satellite casinos ‘fraught with opacity and undesirable business practices’, expected law changes necessary
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Las Vegas Sands Fights Back Against $7-Billion Lawsuit in Macau

Las Vegas Sands (LVS) is back in court fighting a familiar foe. Asian American Entertainment Corporation (AAEC), a former business partner in Macau that helped it get its start there, has been trying to collect massive amounts of money for years. It argues that LVS breached its contract and, therefore, deserves a fat payday. It hasn't yet found a…
Law
Las Vegas Sands Fights Back Against $7-Billion Lawsuit in Macau