Macau / casino news and reviews

GGRAsia

Macau casino bets mostly US$64 up on Day 6 of CNY hols

GGRAsia walked the mass-play floors of a number of the major casinos in downtown Macau and the Cotai district on Thursday, which for mainland China residents was the sixth day of an eight-day holiday break to mark Chinese New Year this time. At about 11.25am at Grand Lisboa (pictured), run by SJM Holdings Ltd on the city's peninsula, the sic bo…

Live Gambling ・ 15 February 2024

GGRAsia

Inspire baccarat bets start circa Macau level says exec

The new Mohegan Inspire Entertainment Resort in South Korea, opened its two-level foreigner-only casino on Saturday, offering 150 table games, 390 slot machines and 160 electronic table games encompassing a live-dealer stadium. The property anticipates that - while bet pricing is dynamic, depending on levels of demand - mass-market live baccarat…

Baccarat ・ 05 February 2024

GGRAsia

Yield per Macau slot machine in 2023 above 2019 levels

Slot-machine gross gaming revenue (GGR) in Macau reached MOP10.92 billion (US$1.36 billion) in full-year 2023, accounting for nearly 6.0 percent of the aggregate MOP183.06 billion recorded last year, according to official data. Revenue from slot machines last year recovered to 72.1 percent of 2019, the last trading year before the onset of the…

Industry ・ 23 January 2024

Forbes

Casino Stocks Rally As Macau Gambling Revenues Come In Strong

You'll be asked to sign into your Forbes account.Got it While investors greeted the first day of 2023 trading with big selling in classic tech favorites like Apple and Advanced Micro Devices, buyers showed up in large numbers among the classic casino names. This, after Macau reported "gross gaming revenues" increased 333% in 2023 versus 2022. Those…

Finance ・ 03 January 2024

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Live Gambling ・ 19 December 2023

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 ・ 04 December 2023

Game Industry News

How Have Online Casinos Remained Relevant Over Time?

Video games are getting increasingly realistic and immersive. From next-generation consoles to cutting-edge game development engines, the current decade is one of technological prowess that pushes visual boundaries in a way formerly thought impossible. A handful of games have allowed players to get a first taste of state-of-the-art technologies…

Industry ・ 25 November 2023

gametyrant.com

Wanna Bet? Adventure Awaits: The Most Exciting Casino Games Online

Online casino gambling has undergone a tremendous evolution since its inception in the late 1990s. From simple virtual versions of traditional casino games, the industry has continuously evolved and improved to offer a wide range of new and exciting games for gamblers. The evolution of online casino gambling has brought about numerous advancements…

Games ・ 23 November 2023

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Yogonet

Macau forecasts robust casino business growth, projects $27 billion revenue in 2024

Macau's Secretary for Economy and Finance, Lei Wai Nong, has conveyed an optimistic outlook for the gaming sector, expressing confidence in achieving the target of MOP216 billion ($26.8 billion) in gaming revenue for fiscal year 20242024. Addressing lawmakers' concerns post his presentation of the 2024 action plan, Lei noted that the government's…

Industry ・ 23 November 2023

Macau Business

Paradise Entertainment launches two new slot titles at 2023 MGS

Paradise Entertainment, a Macau-based casino services firm and gaming equipment supplier, unveiled two new slot games, "Street Steel" and "Hulunbuir Grassland", under its subsidiary brand LT Game at the 2023 MGS Entertainment Show & Summit on Tuesday. "We are delighted to be able to showcase brand new products at the MGS venue again this year,"…

Industry ・ 23 November 2023

GGRAsia

Aristocrat eye-catcher ‘Tian Ci Jin Lu’ slot in Macau soon

Aristocrat Gaming, the casino technology segment of Aristocrat Leisure Ltd, says it has launched its slot game "Tian Ci Jin Lu" - complete with what it terms "metamorphic signage" (pictured) - at Hann Casino Resort in Clark, in the Philippines. The product is also in the Manila market in the Philippines, in Singapore, and in Cambodia, and "will…

Winnings ・ 10 November 2023

iGaming Business

Studio City Casino records first post-Covid operating profit in Q3

Studio City International Holdings, the Melco-operated integrated resort's owner, saw a year-on-year lift in takings in part thanks to the opening of Studio City Phase 2 in April. New features include the Studio City Indoor Water Park and a new hotel construction called Epic Tower. Furthermore, entertainment and tourism revenues have surged across…

Finance ・ 07 November 2023

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What Casino Games to Avoid, and Why?

Online casinos have thousands upon thousands of games listed, from dozens of providers, big and small. But when you look at the roots of it, there are only a handful of game types that you can try at casinos. These games all come with their advantages and shortcomings, making them a better or worse choice for players. Today, we'll give you a list…

Games ・ 20 October 2023

Asgam

Macau’s SJM revises upwards maximum payable to Angela Leong for use of L’Arc casino space, Jai Alai building

SJM Holdings said Thursday that it has revised upwards a series of agreements with its own Co-Chairman and Executive Director, Angela Leong, in regard to the maximum amount it must pay to lease casino and retail space from her in the Jai Alai and L'Arc Hotel buildings. As per a Hong Kong Stock Exchange filing, a revised lease agreement for use of…

Industry ・ 13 October 2023

GGRAsia

Sega Sammy installs first Genesis Crest 43J units in Macau

Casino equipment supplier Sega Sammy Creation Inc has installed the first units of its Genesis Crest 43J cabinet series in the Macau market. The firm told GGRAsia on Thursday that it had deployed the units at the Galaxy Macau casino resort in late September. Games available for the Genesis Crest 43J cabinet at Galaxy Macau include "Mighty Diamonds…

Industry ・ 29 September 2023

NV Daily

Casino Gaming Outlook: The Cross-Cultural Appeal of Casino Games

In the past, casino establishments were found only at specific places around the globe since they were an expensive investment. Most of the world's population did not know much about this kind of gaming. This has all changed now. Technology has made it easy for casino gaming to transcend culture, tradition, and entertainment. In an era of…

Games ・ 28 September 2023

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GGRAsia

LT Game readies new LMG product as Macau recovers: Chun

A new'live multi-game' (LMG) product for electronic versions of casino games featuring a live dealer, is being planned for launch before year-end by Macau-based specialist in the field, LT Game Ltd, said boss Jay Chun (pictured), in an interview with GGRAsia. The newcomer, branded "Nera", should make an appearance "by the end of this year", stated…

Industry ・ 21 September 2023

Asgam

Macau government tax take from casino industry climbs 9.5% to US$799 million in August

The Macau government collected a total of MOP$6.44 billion (US$799 million) in gaming tax revenue in August, up 9.5% over July and representing the highest monthly tally since the start of the COVID-19 pandemic. The improvement reflects rapidly rising gaming revenues across Macau's casino industry, with GGR having climbed each and every month for…

Industry ・ 15 September 2023

Tech Gaming Report

Technology in Online Casinos: Blockchain and Virtual Reality

Online casinos are frontrunners in spearheading technological advancements, demonstrating their knack for staying attuned to the modern era. The realm of gaming consistently reaffirms its ability to stay current. In this light, we explore the foremost technological breakthroughs within the gambling sector, playing a pivotal role in the progressive…

Innovation ・ 04 September 2023

Asgam

Mass gaming leads SJM Holdings to 241% year-on-year increase in GGR to US$722 million

Macau concessionaire SJM Holdings reported gross gaming revenues of HK$5.66 billion (US$722 million) in the three months to 30 June 2023, up 241% year-on-year and 35% higher than the March quarter. However, gaming revenues were still at just 56% of pre-COVID levels, largely due to the collapse of the junket industry. Group-wide VIP GGR was just 15%…

Industry ・ 22 August 2023

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Baccarat with live dealer: features, types, rules, advantages

Baccarat is a famous card game, presented in many online casinos. Making the process of playing even more exciting will help the mode with live dealers, the features of which will be discussed below. This game is considered to be one of the simplest. Gamblers have to play against the gambling club, which is represented by the dealers. The gameplay…

Live Gambling ・ 18 August 2023

Review Journal

Macao regulators release July gaming revenue results

Macao casinos had their best month of 2023, one year after having their worst month of 2022. Macao's Gaming Inspection and Coordination Bureau on Tuesday reported gross gaming revenue of $2.075 billion (U.S), the most won in the special administrative region since January 2020. By comparison, the state of Nevada last week reported gaming win of…

Finance ・ 02 August 2023

Financial Post

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Crypto ・ 03 July 2023

South China Morning Post

Macau casinos hit the jackpot as return of mainland Chinese tourists fuels fourfold surge in revenue

Tourists at the ruins of Saint Paul's in Macau during the'golden week' holiday in May this year. The latest revenue figures bolster a market consensus that casinos' earnings are likely to beat expectations this year. Photo: AFP Tourists at the ruins of Saint Paul's in Macau during the'golden week' holiday in May this year. The latest revenue…

Winnings ・ 02 June 2023

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 ・ 24 May 2023

Asgam

Mass baccarat contributed 59% of Macau-wide GGR in 1Q23

Mass market baccarat continues to dominate the Macau gaming landscape, with figures published by the Gaming Inspection and Coordination Bureau showing it contributed MOP$20.51 billion (US$2.54 billion) in gross gaming revenues in the first three months of the year - comprising 58.9% of market-wide GGR. While this was slightly down on the 62.9%…

Baccarat ・ 05 May 2023

GGRAsia

Macau mass baccarat nearly 60pct of 1Q GGR: regulator

Mass-market baccarat generated nearly MOP20.51 billion (US$2.54 billion) in Macau in the first three months of 2023, or 59.2 percent of all casino gross gaming revenue (GGR) in the period. The figure represented an increase of 89.5 percent year-on-year, and was up 207.8 percent quarter-on-quarter, according to data released on Monday by the city's…

Industry ・ 17 April 2023

World Casino News

Grand Lisboa Palace Launches Foreigner Gaming Area

On April 10, Grand Lisboa Palace, located in Macau's Cotai district, owned and operated by gaming giant SJM Holdings Ltd., officially opened the foreigner gaming zone. Location: The zone is found in the Cotai resort in the "Dragon Pavillon" which is the ultimate gaming part of the facility. Commenting on the opening, specifically the official…

Land-based ・ 11 April 2023

Urban Asian

How Does the Gambling Scene Differ Between Asia and the West?

Though familiar to many around the globe, the world of gambling takes a contrasting and unique shape in different corners of the world. From Asia to the West, this popular pastime features different stages with distinct stakes and vastly contrasted atmospheres. This blog post will look into how gambling manifests itself differently across two…

Law ・ 09 April 2023

Review Journal

Macao casino revenue rebounding as analysts expect continued growth

Gaming industry analysts expect casino revenue to continue rising in Macao after back-to-back months of growth. The region's Gaming Inspection and Coordination Bureau on Wednesday reported a 33.1 percent increase in gross gaming revenue to $1.3 billion in February compared with a year earlier. While February figures were down from January, John…

Industry ・ 02 March 2023

Asgam

Collapse of VIP market drives Wynn Macau Ltd to widened US$181 million operating loss in 4Q22

Wynn Resorts Ltd has reported a US$181.3 million loss from its Macau operations in the three months to 31 December 2022, widened from both the US$128.2 million loss reported in 4Q21 and the US$162.7 million loss in 3Q22. The challenging result, which predated the recent reopening of Macau's borders, was attributable to both the challenging…

Finance ・ 09 February 2023

Gambling News

Macau Casino Revenue in January up 82.5%, Recovery on the Cards

Shares of Macau casino operators posted gains of between 3% and 5% after official data released by the Special Administrative Region (SAR) of China's government revealed that gambling revenue in January nearly doubled. Macau casinos generated MOP11.58 billion ($1.44 billion) in gross revenue in the first month of 2023 to post an increase of 82.5%…

Finance ・ 01 February 2023

La Prensa Latina

Macau casino turnover up 82.5% after China ends 'zero Covid-19' policy

Shanghai, China, Feb 1 (EFE).- Gross billing from casino gaming in Macau shot up 82.5 percent year-on-year in January after the end of restrictions stemming from China's "zero Covid-19" policy. The income of this industry amounted in the first month of the year to some MOP 11 billion ($ 1428 million), according to data released Wednesday by the…

Covid ・ 01 February 2023

Gambling News

Macau Police Busts Illegal Gambling Scheme and Arrests 15 People

The Macau Daily Times reported that the arrested Macau residents of ages 29 to 66 years old were allegedly part of an illegal online gambling business operated on overseas servers. At a press conference that took place on January 12, the Macau Judiciary Police announced that it had acted together with the Guangdong Province police and together the…

Incidents ・ 15 January 2023

World Casino News

Macau police apprehends 27 people from illegal online gambling organization

On Wednesday, January 11, 2023, Macau's Judiciary Police apprehended 15 locals for supposed connections to an illegal online gambling organization that has reportedly amassed $3.69 billion in bets since 2017. Foreign coordinators: This illegal organization is presumably managed through Macau from computer servers abroad. However, apart from Macau,…

Incidents ・ 14 January 2023

Sigma

Macau GGR revives, casino stocks on the rise

The first eight days of January saw the average daily Macau casino gross gaming revenue (GGR) more than quadruple the daily average attained in the fourth quarter. JP Morgan Securities (Asia Pacific) Ltd projected Macau daily GGR at MOP2.1 billion (US$261.1 million) for the first eight days of the new calendar year, "implying around MOP260 million…

Finance ・ 10 January 2023

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Gambling Sites ・ 05 January 2023

Yogonet

Macau casinos see worst year on record after gaming revenue drops 51% in 2022

Macau casinos have posted their worst year since 2004 as China's strict Covid Zero policies wrought havoc on the gambling hub. The Gaming Inspection and Coordination Bureau said Sunday that gross gaming revenue in December fell 56% from a year earlier to 3.48 billion patacas ($433 million), slightly below the median estimate of a 57% decline.…

Finance ・ 04 January 2023

Trefis

Is Las Vegas Sands Stock A Buy With Macau On Cusp Of Recovery?

Las Vegas Sands (NYSE:LVS) stock has fared well over the last quarter or so, rising by about 40% since the end of October 2022. The recent gains come as two major overhangs relating to the Macau business - which accounted for over 60% of the company's pre-pandemic revenue - appear to be easing. Firstly, China's State Council has been rolling back…

Travel ・ 04 January 2023

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 ・ 04 January 2023

Reuters

Analysis: Macau casinos deal themselves a tough hand with big non-gaming investment pledges

New casino licenses with shorter contracts took effect Jan. 1 Operators suffered worst year on record in 2022 amid COVID-19 Challenges include diversifying from core gaming, labour shortages HONG KONG, Jan 3 (Reuters) - (This Jan. 2 story has been refiled to correct Melco's name and stock symbol in the second paragraph) As casinos in Macau begin…

Finance ・ 04 January 2023

World Casino News

Emperor E Hotel inks deal to continue operations of Macau's satellite casino Grand Emperor

After a six-month period of direct administration by Macau gaming licensee, SJM Resorts Ltd., a subsidiary of Hong Kong-based SJM Holdings Ltd. , Emperor Entertainment Hotel's subsidiary, Tin Hou Ltd. based in Hong Kong, has signed a lucrative three-year agreement with SJM Resorts Ltd. to take over the management of the Grand Emperor Hotel, a Macau…

Industry ・ 04 January 2023

GGRAsia

40pct fewer Macau satellite casinos by Jan 1: govt

Macau is to have 11 so-called satellite casinos that will continue to operate under the new 10-year gaming concessions starting from January 1, 2023, compared to 18 satellite casinos that were in the market as of June-end this year, a decrease of 38.9 percent. The information was given by André Cheong Weng Chon (pictured second right), Secretary…

Travel ・ 31 December 2022

Seeking Alpha

Macau casino stocks rise as China continues to drop COVID restrictions (NASDAQ:WYNN)

Shares of Macau-reliant casino operators edged higher on Tuesday as Chinese regulators continued on a trajectory toward full reopening.

Finance ・ 27 December 2022

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 ・ 21 December 2022

The Motley Fool

Casinos Win New Macao Licenses, but Will Shares Rise?

The largest casinos got an early Christmas present last month after China renewed their licenses in Macao for another 10 years. While the likelihood of being denied renewal was small after they had invested billions of dollars in the gambling mecca and spent billions more on developing nongaming activities at the behest of Beijing, it was still a…

Land-based ・ 21 December 2022

Asgam

Utilization fee payable by concessionaires to Macau government for use of reverted casinos to be determined by end of December

The amount to be paid to the Macau government by the concessionaires to "rent" the casinos back from the government under the new concessions - referred to as a "utilization fee" by SJM - should be known by the end of December. The interesting tidbit of information was revealed in a Sunday evening SJM Holdings filing on the Hong Kong exchange,…

Finance ・ 21 December 2022

Review Journal

Three Las Vegas companies receive Macau licensing extensions

Las Vegas Sands Corp. will tear a page out of the Las Vegas playbook when it invests $3.5 billion over the next decade in launching restaurants and nongaming tourist attractions to attract international visitors there, the company announced Monday. It plans to develop several new restaurants and introduce international culinary concepts to support…

Industry ・ 20 December 2022

Yogonet

Melco unveils details of recently obtained Macau license, 10-year investment plan

Melco Resorts & Entertainment hasannounced details of the ten-year concession it has been awarded to operate casino gaming in Macau. The new concession, signed Friday, runs for a period from December 31 until January 1, 2023. Under the new concession, the company is authorized to operate the Altira Casino, City of Dreams, and Studio City as well as…

Land-based ・ 20 December 2022

Asgam

Allocation of Macau’s 6,000 gaming tables and 12,000 slot machines: winners and losers

The Macau government has announced its allocation of tables and slot machines under the new concession period to commence from 1 January 2023. The government had previously announced the number of tables and slots in Macau under the new concessions would be reduced to 6000 and 12000 respectively. This represents a 13% reduction in tables from the…

Land-based ・ 20 December 2022

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Macau Casinos Have Secured Gaming Licence Renewals but at a Hefty Cost

Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Casinos in Macau, also known as the Las Vegas of Asia, are starting their end of the year celebrations early this year - their casino licenses have just been renewed after a months-long agonizing wait, easing investor fears about the future of the…

Covid ・ 19 December 2022

Market Screener

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…

Travel ・ 18 December 2022

World Casino News

Six Macau casino operators receive official gaming licenses from the Macau government

Today, six incumbent casino operators in Macau signed a productive 10-year gaming contracts with the Macau government and received gaming licenses to operate in the world's largest gambling city. Signing by rank: Six casino operators signed the contract according to their rank in the recent tender process: MGM Grand Paradise, Galaxy…

Industry ・ 17 December 2022

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Macau Casinos to Invest $15bn Into Non-Gambling Areas

Macau casinos will invest $15bn mostly towards non-gambling interests over the next decade. [Image: Shutterstock.com] Six Macau casinos will invest $15bn predominantly towards non-gambling activities over the next ten years as part of their new license agreements. part of the new license agreements the casinos signed last month The non-gaming…

Travel ・ 17 December 2022

Review Journal

Las Vegas Sands, Wynn Resorts, MGM Resorts named Macao’s gaming concession winners

Three Las Vegas-based companies got a welcome boost Saturday when the Macao government announced they had been granted provisional approval to continue operating casinos in the Chinese enclave for the next 10 years. Macao's special administrative region government announced Saturday that MGM Resorts, Las Vegas Sands, Wynn Resorts along with three…

Travel ・ 13 December 2022

GGRAsia

Macau loosens casino capacity, entry requirements

The Macau health authorities have scrapped guidelines regarding capacity limitations and entry restrictions at the city's casinos, as part of its city-wide move to roll back existing countermeasures against Covid-19. The guidelines have required operators to avoid overcrowding in their establishments. They have included: limiting the number of…

Covid ・ 12 December 2022

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Macau Casinos Seek $16.8m in Damages in Tak Chun Trial

Four casino operators in Macau are seeking damages totaling MOP$135m (US$16.8m) from the defendants in a major illegal VIP gambling case. Former chairman of Tak Chun Group Levo Chan is currently on trial, alongside nine other defendants. MGM China, SJM Resorts, The Venetian Macau, and the Wynn Macau are all seeking the multimillion-dollar payout in…

Incidents ・ 06 December 2022

iGaming Business

Macau misses casino concession jackpot

Macau's decision to keep its same six casino operators, rejecting Genting Malaysia's bid, comes as no surprise. Equally unsurprising, this concession re-tendering process is another squandered opportunity for the world's once and future leading casino hub. Macau has made stunning progress since the first concession awards in 2002. Breaking a losing…

Industry ・ 06 December 2022

Asgam

Bidding for Macau’s new casino concessions starts today, open until September 14

The Chief Executive's Order No. 136/2022, published in Thursday's Gazette, announces the new round of public bidding for casino concessions, and that bids may be submitted from 29 July to 14 September. A maximum of six concessions will be granted, each for a maximum period of 10 years. The gazette states, "The public auction will be conducted…

Adventure ・ 05 December 2022

The Real Deal

Sands Among Casinos Receiving Tentative Renewals in Macau

Three major casino companies are among those to have their licenses renewed in Macau, but the government expects them to push more of their chips into diversifying the local economy. The coastal Chinese region renewed the licenses of Las Vegas Sands, Wynn Resorts, MGM Resorts and three Chinese companies, the Associated Press reported. The renewed…

Travel ・ 03 December 2022

World Casino News

Macau gaming revenue declines to $374 million in November

Macau's Gaming Inspection and Coordination Bureau (DICJ) informed that the region's casino industry generated gross gaming revenues of MOP$3.0 (US$374 million) in November to mark the industry's 55.6% lower gross revenue in comparison with the same period last year. In November, Macau's casino industry also experienced a 23.1% downfall in revenue…

Finance ・ 03 December 2022

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Industry ・ 03 December 2022

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‘Carnival Cow’ another progressive slot hit: L&W team

The "Coin Combo" family of casino slot titles - and its recently-launched game "Carnival Cow" (pictured) on the new Kascada cabinet - is "doing very well in Asian markets," says Ankur Sharma, regional account manager at the product's maker Light & Wonder Inc (L&W), in comments to GGRAsia. The linked-progressive product became available in Asia…

Industry ・ 03 December 2022

Review Journal

Disappointing gaming revenue in Macao continues to saddle Las Vegas company-owned operations in the Chinese region as a result of COVID-19 restrictions.

Macao reported another disappointing month of gaming revenue in November with the region reporting winning $374.4 million, a 55.6 percent decline from November 2021. Macao's Gaming Inspection and Coordination Bureau on Thursday said the region has had only one month - February - in which the region's 39 casinos made more money than they did a year…

Covid ・ 02 December 2022

Gambling Industry News

Macau Casino Revenue for November Down by 55.6%

The latest figures from the Macau Gaming Inspection and Coordination Bureau (DICJ) show that the local casino industry generated gaming revenues of MOP$3 billion (€358.5 million) for the month of November marking a drop of 55.6% year-on-year. Covid outbreak in China severely impacted tourism numbers November's reported revenue figures are also a…

Finance ・ 01 December 2022

AP News

Macao awards casino licenses to MGM, Sands, Wynn, 3 others

BEIJING (AP) - Macao has tentatively renewed the casino licenses of MGM Resorts, Las Vegas Sands, Wynn Resorts and three Chinese rivals after they promised to help diversify its economy by investing in non-gambling attractions, the government said Saturday. The announcement is positive news for owners who have invested billions of dollars to build…

Travel ・ 01 December 2022

Casino Guru

Macau concessionaires receive casino license extension

After a fraught year for concessionaires in Macau, the government of the Special Administrative Region has finally reached a conclusion as to who should receive a license moving forward. All incumbents have been granted a license extension, the Associated Press reported, however much has changed. For one, Macau has given these licenses on the…

Travel ・ 30 November 2022

World Casino News

Wynn Macau leads gains in Macau casino stocks after license approval

Wynn Macau led an improvement of Macau gaming stocks on Monday, November 28th in Hong Kong, following the city's government announcement over the weekend that its six current casino operators will acquire new licenses to operate in the largest gambling center in the world from January. Continued stability for Macau operators: Shares of Wynn Macau…

Finance ・ 30 November 2022

Yogonet

Macau: Suspicious Transaction Reports from casino operators down by 15% year-to-date

According to local media reports, the number of Suspicious Transaction Reports (STRs) in Macau has seen a 13.4% year-over-year decrease to 1677 in the first nine months of 2022. According to a report from the Financial Intelligence Office, STRs proceeding from casino operators fell by 15.5% year-over-year to 866 during the period from January to…

Industry ・ 30 November 2022

World Casino News

Slight September progress for Macau casinos

The almost 40 casinos in Macau reportedly managed to rack up some $11.3 million in aggregated gross gaming revenues for the seven days from September 4 despite the continuing presence of coronavirus-related travel restrictions. According to a report from Asia Gaming Brief citing information from prominent Asian brokerage firm Sanford C Bernstein…

Finance ・ 29 November 2022

GGRAsia

Success Dragon slot mgmt revenue down 63pct, posts loss

Gaming services provider Success Dragon International Holdings Ltd said in a Monday filing to the Hong Kong Stock Exchange that it moved to a HKD1.6-million (US$200000) net loss in the six months ended September 30, versus a net profit of HKD4.4 million in the prior-year period. Revenue generated from what the group terms "provision of services on…

Finance ・ 29 November 2022

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Innovation ・ 28 November 2022

Yogonet

Macau casino gaming revenue hits all-time low in July collecting only $49M amid Covid restrictions

According to the Gaming Inspection and Coordination Bureau, Macau's gaming revenue has hit an all-time low; their worst month ever since records began in 2009. Data shows gross gaming revenue fell 95% to 398 million patacas ($49 million) in July, 98% lower than pre-pandemic levels. Macau's casinos reopened on July 23, after a nearly two-week…

Covid ・ 27 November 2022

The Wall Street Journal

Six Macau Casino Operators Win New 10-Year Licenses

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed byour Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contactDow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https Cotai Strip earlier this year. Six casino operators in…

Travel ・ 26 November 2022

Seeking Alpha

Searching for green shoots with Macau casino stocks (OTCMKTS:WYNMF)

The painfully slow recovery in Macau may have taken another step forward after Macau daily revenue for the week ending November 13 was reported to be 37% higher than the first six days of November. The relative jump in Macau gross gaming revenue was likely tied to mass testing for COVID ended in Macau on November 5, according to Jefferies analyst…

Finance ・ 14 November 2022

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 ・ 11 November 2022

Seeking Alpha

Wynn Resorts, Las Vegas Sands lead rally in Macau casino stocks on reopening hopes

Macau gross gaming revenue fell 10.7% in October to $3.9B patacas ($482M) compared to a year ago, according to data from the Gaming Inspection and Coordination Bureau. The GGR tally was worse than the -8.5% consensus mark anticipated by analysts. October casino GGR was up 31.6% on a month-on-month comparison with some tourism channels to Macau from…

Travel ・ 01 November 2022

GGRAsia

Mass-market baccarat 62pct of Macau GGR in 3Q: govt

Mass-market baccarat generated MOP3.44 billion (US$425.5 million) in Macau in the three months to September 30, which was 62.0 percent of all casino gross gaming revenue (GGR) for the quarter. The figure was down 32.3 percent quarter-on-quarter, according to data released on Monday by the city's casino regulator, the Gaming Inspection and…

Baccarat ・ 01 November 2022

World Casino News

Minimum mandated marks established in Macau

As part of new casino concessionaire licensing legislation and the government of Macau has reportedly set minimum gross slot and gaming table revenue requirements in hopes of being able to better guarantee its annual tax receipts. According to a Friday report from Inside Asian Gaming, the move detailed by the Chief Executive for the former…

Travel ・ 31 October 2022

Financial Post

100% Bonus and over 100 Free Spins at Juicy Stakes Casino

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Bonuses ・ 26 October 2022

CoinGeek

Macau advances digital currency acceptance, but will casinos accept?

Macau is pressing ahead with plans to recognize digital currency as legal tender, offering the possibility that China's digital yuan might one day be accepted in the world's largest gambling hub. Last week, Macau's Executive Council (ExCo) reviewed the latest draft of its Legal Regime for the Creation and Issuance of Money, which addresses what is…

Crypto ・ 22 October 2022

Malysiakini

Genting makes surprise bid for Macau gambling license

Macau's government opened bids today from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary Lei Wai Nong and Secretary for…

Law ・ 16 October 2022

World Casino News

‘Golden Week’ cheer for Macau casino industry

The casino hotspot of Macau reportedly attracted more than 182000 visitors during the recent'Golden Week' holiday period with approximately 89% of these having travelled into the former Portuguese enclave from mainland China. According to a report from GGRAsia citing official information from the Macao Government Tourism Office, the figure for the…

Industry ・ 11 October 2022

Casino.org

Top 5 Richest Casino Owners In Asia

In terms of gambling and casinos, the law changes greatly across the Asian continent. Some countries have strict anti-gambling laws while others proudly advertise their incredible casino complexes. The huge numberof people that live in and visit Asia has seen the demand for casinos in thecontinent to become massive. This has meant that the few…

Top and Best ・ 03 October 2022

iGaming Business

H2 global performance tracker: gambling revenue up 11% in Q2

With the Q22022 reporting season now finished, H2 Gambling Capital has released its analysis of the industry's performance through its newly expanded corporate research service. The first edition of the tracker shows global revenues were up by 11% year-on-year in Q2. H2 has recently expanded its company coverage to over 65 businesses in the global…

Finance ・ 01 October 2022

Vegas Slots Online

Genting Has “Strong Chance” for Macau Casino License

Global gambling operator Genting Group was a surprise entry into the bidding war for a Macau casino license two weeks ago. Now, recent reports from Asia-facing analysts and executives suggest the firm has a strong chance of wresting a license from one of Macau's big six operators. encouraged to come in" According to a Reuters report on Thursday,…

Travel ・ 30 September 2022

GGRAsia

SJM satellites Ponte 16, Kam Pek to continue ops to Dec

Success Universe Group Ltd, an investor and promoter in Macau casino hotel Ponte 16, has agreed with casino operator SJM Holdings Ltd to extend the provision of gaming services at the property until the end of this year. The information was confirmed to GGRAsia by Success Universe's deputy chairman and executive director, Hoffman Ma Ho Man. Casino…

Covid ・ 30 September 2022

Sigma

Zacks Investment urges care on Macau casino stocks despite gains

Macau stocks jumped this week after a relaxation in travel restrictions, but investors should probably wait for more consistent positive profit forecasts before piling in, Zacks Investment said. The stocks surged after China indicated that it would reinstate electronic visas and group travel tours in the first significant easing since the borders…

Finance ・ 29 September 2022

Clash Of Slots

Bonus Only Slot Review 2022

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Gambling Sites ・ 27 September 2022

Gambling Insider

Pascal Gaming Has Enhanced Its Gaming Lines with Slots and Lottery Games

Continuing its expansion, Pascal Gaming has added two gaming lines to its portfolio as a new direction, a fresh start, and more. Now players have a great opportunity to choose from a wider range and enjoy high quality slots and lottery games. 5 brand new slots (Jumbo Diamond, Drago flame, Wild Clubs, Big City Bank & Big City Cars) come in Glue and…

Lottery ・ 26 September 2022

Seeking Alpha

Macau casino stocks surge on signal of loosening entry requirements (NYSE:LVS)

Macau-linked casino stocks moved higher in premarket trading on Monday after regulators signaled an e-visa for mainland travelers and tour groups will soon be allowed again to visit the gambling hub.

Finance ・ 26 September 2022

Gambling News

Macau Casino Stocks Surge After Macau Announces It Will Relax COVID Measures

Macau casino shares experienced a positive boost after the chief executive of Macau, Ho Lat-Seng, announced that Macau is going to accept tourist groups from mainland China again starting in November. Bloomberg reported that its Intelligence gauge tracking Macau's six casino operators that have casino concessions in the former Portuguese colony has…

Covid ・ 26 September 2022

Barron's

Macau Casino Stocks Surge On Mainland Travel Hopes

Casino stocks soared in Macau on Monday after authorities announced plans to gradually welcome back tour groups from the Chinese mainland, the demographic that makes up the vast majority of punters. Macau is the only place in China where casinos are legal and the former Portuguese colony used to dwarf Las Vegas for the scale of bets placed each…

Travel ・ 26 September 2022

The Japan Times

Casino suppliers quit Macao for resurgent Singapore and Philippines

Suppliers of slot machines, baccarat table systems and other casino equipment are moving out of Macao to more welcoming markets, in another sign of the damage China's "COVID zero" policy has wrought on the formerly bustling gambling hub. With demand in Macao waning, Light & Wonder, a leading provider of products used in casinos, is relocating its…

Jobs ・ 23 September 2022

AGB - Asia Gaming Brief

Alvin Chau denies involvement in online gambling operations

Two defendants testified in the matter involving Alvin Chau, but Chau continued denying his involvement saying, "he does not gamble and was not familiar with gambling operations." Along with 20 other defendants, there are 286 criminal cases registered against Chau for allegedly promoting illegal gambling, operating a criminal syndicate, fraud, and…

Trust and Safety ・ 23 September 2022

Bangkok Post

Macau casino bids include surprise

Malaysia's Genting challenges incumbents as licences up for renewal in world's top gambling hub People walk past Casino Lisboa in Macau. (Reuter File Photo) HONG KONG: The government of Macau opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licences to operate casinos in the world's biggest…

Covid ・ 22 September 2022

European Gaming

Macau Gambling Boss Denies Illegal Gambling, Criminal Syndicate Allegations

A well-known Macau gambling boss in China's special administrative region of Macau denied charges including enabling illegal gaming, running a criminal syndicate and money laundering at the start of his trial on Monday. Alvin Chau was chairman of Macau's Suncity junket - which brokers the gambling activity of Chinese high rollers - until December…

Law ・ 22 September 2022

Vegas Slots Online

Macau Gambling Head Denies Laundering, Illegal Gaming

Alvin Chau, a well-known gambling executive in Macau, denied charges of illegal gaming, money laundering, and running a criminal syndicate during his trial on Monday. arrested on a warrant accusing him of illegal gambling on the Chinese mainland Chau served as the chairman of Macau's Suncity junket, which helps organize activities for Chinese high…

Covid ・ 19 September 2022

World Casino News

Unexpected runner enters the Macau casino licensing race

In Macau and a company linked to the boss of prominent Asian gambling operator Genting Malaysia Berhad has reportedly applied for one of the enclave's coming ten-year casino licenses. According to a report from Inside Asian Gaming, Macau is home to almost 40 casinos run by a sextuplet that encompasses MGM China Holdings Limited, Wynn Macau…

Law ・ 18 September 2022

Rappler

Gambling giant Macau opens bids from 7 casinos, Genting a wildcard

RESORTS WORLD. Signage of Genting Malaysiau2019s Resorts World is displayed at its casino, hotel, and entertainment park in Genting Highlands, Pahang, Malaysia, September 16, 2022. Hasnoor Hussain/Reuters All six incumbent Macau players submit bids, together with GMM Limited, a holding company of Genting Group chairman Sri Lim Kok Thay HONG KONG -…

Covid ・ 16 September 2022