Location: Macau

New Research Establishes the Profile of Problem Gamblers in Macau

New research establishes the profile of problem gamblers in Macau. People who live alone, were middle-aged and divorced are more likely to be problem gambling. Age groups 35-54 are most likely for problem gaming. Faith may have something to do with it. Macao is trying to break its dependency on the sin industry. The study was carried out by Macauli Polytechnic University’sWai Ming To and Gui-Hai Huang.
Gambling Addiction
New Research Establishes the Profile of Problem Gamblers in Macau

Middle-aged, single, Buddhist males more likely to be problem gamblers

Gender, financial and family status, and Buddhist affiliation have a role when it comes to the likelihood of one being a problem gambler in Macau. To Wai Ming and Huang Guihai interviewed 1,352 respondents who had gambled in the past 12 months in a study published in Journal of Gambling Studies. The problem and pathological gambling prevalence rates of the respondents were 15.1% and 7. 1%. About 1 in 5 Macao's casino patrons are problem gamblers. Only 0.8% of Macaese population could be considered to have gambling disorder.
Gambling Addiction
Middle-aged, single, Buddhist males more likely to be problem gamblers
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Macau Casino Closure Fallout for America

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Macau Casino Gross Gaming Revenue for July below 50 Million USD

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Week in Casino News: The End of Macau Casino Lockdown

Macau Legislative Assembly says junkets can still access player gambling accounts with consent

Junkets and agents can deposit money into players' concessionaire accounts with the consent of the player. Concessionaires can open special accounts for customers. The accounts cannot earn interest or bring any other financial benefit. They can only provide services to a concessionary and cannot engage in revenue share agreements with their partner casino. There will be a maximum number of junkets allowed in the Macau gaming industry. It will take into account the development of gaming. industry, the size of it and the number and size the concessionaires. and will also take account of their size.
Law
Macau Legislative Assembly says junkets can still access player gambling accounts with consent
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Best Live Casino Games

Live Baccarat has been improved to offer a world-class, Macau-like gaming experience for every player type. Live Bacarat Multiplay allows players to place bets at all Live baccarats in one go. Evolution offers more choice and excitement for everyone.
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Best Live Casino Games

Macau Casinos Win Just $49 Million From Gamblers In July

Macau casinos had their worst month ever in July. The total winnings were $49 million. It's the worst performance ever over a single month since Macau began casino gambling reporting in 2009. Covid-19 restrictions are to blame for the extreme plummet. Macao casinos were reopened on July 23 after a multi-week closure to try to contain the virus.
Covid
Macau Casinos Win Just $49 Million From Gamblers In July

Determined departure for Macau Legend Development Limited

Legend Development Limited has stopped being responsible for the casinos within the Legend Palace Hotel and Babylon Casino Macau developments. The company had offered gaming within both of these properties under piggy-backed ‘satellite casino’ agreements with larger operator SJM Holdings Limited. However, these arrangements have been cancelled after the local government passed legislation that could oblige such companies to truly own any properties in which they hope to offer gambling entertainment.
Covid
Determined departure for Macau Legend Development Limited
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How To Choose the Best Bitcoin Casino In 2022?

The Covid 19 pandemic helped Bitcoin casinos to become more profitable. The online gambling industry worldwide was worth $61.5 billion in 2021. It is forecast to double to $114.4 billion by the year 2028. Bitcoin casino scammers are a problem in the sector. Choosing the best bitcoin casino in 2022 is a challenge.
Strategy Guide
How To Choose the Best Bitcoin Casino In 2022?

Microchip lack felt by slot makers says MGEMA boss Chun

Microchip shortage is biggest challenge for gaming machine manufacturers, says Jay Chun, president of the Macau Gaming Equipment Manufacturers Association. The association has 100 members, including slot machine and casino equipment manufacturers and suppliers. Regulators make it difficult to source components more quickly. Logistics has improved recently. He also chairs Hong Kong-listed casino and gaming management services firm, Paradise Entertainment Ltd. which produces gaming technology under the LT Game brand. It's a big problem to get all the components certified before using them. They can't use one chip today and another tomorrow.
Covid
Microchip lack felt by slot makers says MGEMA boss Chun

Macao's Casino Stocks May Never Recover From COVID-19

Entertainment venues in the U.S. have opened and are running full speed ahead. The COVID-19 pandemic has impacted business, but we don't see lockdowns and restrictions that bring entire operations to a screeching halt anymore. Same can't be said for China and Macao, where lockdown are still a regular occurrence. Casinos in Macau are coming off another lockdown.
Covid
Macao's Casino Stocks May Never Recover From COVID-19
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Macau to extend shutdown of casinos amid COVID-19 outbreak

Macau's COVID-19 outbreak has surpassed 1,700 cases. The government extended the shutdown of casinos until Friday, July 22. Gross gaming revenue for last month amounted to MOP2.48 billion or $307 million. Macau is going to try and tie the SAR's casino concessionaires’ licensees with a clause that expects them to diversify away from gambling and focus on overseas travelers. JP Morgan Securities says the Q4 GGR for the Macaese SAR was at significant risk. S&P Global Ratings expects the impact of this outbreak to be felt throughout 2023.
Covid
Macau to extend shutdown of casinos amid COVID-19 outbreak

Mass casino gaming results cut by half in Q2, five casinos close

Results from mass casino table games have dropped by half to MOP6.5 billion in the second quarter of this year from the previous three-month period. VIP results dropped 59% to some Mop1.9 billion. Results from gaming slot machines were cut by 32%. Results of horse races managed by the Macau Jockey Club saw a 20% quarter-to-quarter hike to $12 million. Football and basketball bets managed for Macaus Slot dropped 6.8% from $137 million to £137.
Covid
Mass casino gaming results cut by half in Q2, five casinos close
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Profitable period for Macau Slot Company Limited

Macau Slot Company Limited's profit for the whole of 2021 grew by 31.8% year-on-year to top $15.7 million. The enterprise also chalked up a swell of 15.6% in net revenues for 2021 to almost $77. 8 million, with wagering on football accounting for $51.3 million and basketball for about $26.4 million of this amount.
Sports
Profitable period for Macau Slot Company Limited

Macau casinos close as Covid and licensing review add to tourism woes

Macau has been forced to close all casinos for the first time since the outbreak of the pandemic. 19000 people have been put under quarantine. The government is looking to diversify the tourism offers for Macau. There are only six casinos in town. The Tourism Board is encouraging tourism operators to invest in non-gaming projects. Since 2002 there have 41 casinos built on the Taipa Strip. MGM, Sands and Wynn who operate casinos on Nevada have to change their game offerings or their concessions may be revoked. They are under pressure from other developments and casinos from Malaysia and Cambodia.
Covid
Macau casinos close as Covid and licensing review add to tourism woes

Macau casinos go on lockdown

Macau's casinos will be shut down until July 18th due to outbreak of COVID-19. Concessionaires will pay their workers even if they are shuttered. The situation is affecting not just the casino industry but also public life in the special administrative region. The border will not be reopened until there are no new COIDs for the past 14 years. There will only be 3,000 bus trips for essential workers. Everyone else is urged to stay home. Some concessionaires are asking people to take paid or unpaid leave, while others are opting to pay. Most properties have enough money to last for at least 1.5 years without new revenue.
Covid
Macau casinos go on lockdown
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Coronavirus consternation for Macau casinos

June's gross gaming revenues for Macau casinos fell by over 62% year-on-year to a 21-month low of $306.47 million. The figure is 25.9% below the $413.37 million recorded for the month of May.
Covid
Coronavirus consternation for Macau casinos

Macau's gambling laws finally formalized

Macau's Legislative Assembly passed new gambling laws for the industry this Tuesday. Lawmakers offered all concessionaires a six-month extension to run their operations through December 31, 2022. The concessionaire licenses for a tendering process will be put up next. The 5% reduction in GGR would be triggered at the behest of Macau. It would not be an exemption from the 35% gaming tax. China is reluctant to continue feeding Maca with mainlanders eager to gamble. To boost tourism, the government will focus on overseas outreach. and focus only on China.
Law
Macau's gambling laws finally formalized

Macau Casinos Will be Indebted to the Tune of $25 Bi...

Macau casinos will be indebted to the tune of $25 billion by the end of the year. The net debt of six casinos in Macau is expected to rise to $27 billion in 2024. China's strict travel bans have hampered Macao's economic recovery.
Covid
Macau Casinos Will be Indebted to the Tune of $25 Bi...

Macau Casino Stocks Fall as COVID Cases Boom

36 cases of COVID outbreak in Macau have been reported. New restrictions, social distancing and a huge amount of testing resulted in falling casino stocks on June 20. Public services, parks, schools and many businesses were closed.
Covid
Macau Casino Stocks Fall as COVID Cases Boom

Onboard Cruise Casino Games That You Should Definitely Give A Try

Cruise ships offer passengers the opportunity to have a vacation and escape from the hectic routine of life. Many cruise operators and casinos have added gambling games as entertainment options. The cost of onboard gambling is considerably less than land-based gambling.
Games
Onboard Cruise Casino Games That You Should Definitely Give A Try

Macau rocked by local COVID cases which threaten casino traffic

Macau has its first COVID-19 outbreak in eight months. 21 preliminary-positive cases were reported in the local community as of Sunday evening. Schools and non-essential businesses were shut down until at least Tuesday to allow time for mass testing of all residents. Wynn Macau (OTCPK:WYNMF) (OWYNN) fell 3.4%, SJM Holdings (SJMHF) dropped 3,2%, while Sands China (OTCPK/SCHYF), MGM China and Galaxy Entertainment (GXYEF) were off 1.1%. Melco Resorts & Entertainment, Wynnn Resort (WNN), Las Vegas Sands (LVS) and MGM Reserves (MGM) could see an impact when they open back up for trading on Tuesday.
Covid
Macau rocked by local COVID cases which threaten casino traffic

New Macau gaming bill advances to final vote

The final version of the gaming law passed by the Macau Legislative Assembly allows for six new concessions with a maximum term of 10 years and a three-year extension possible under certain circumstances. Satellite casinos will be allowed to continue to operate under a management fee agreement but cannot participate in the profit sharing or commission agreement with gaming concessionaires. The minimum capital requirement of 5B patacas must be maintained throughout the license period.
Travel
New Macau gaming bill advances to final vote

Macau ‘satellite’ casinos facing an uncertain future

Some Macau casinos have applied for permission to alter their operations in anticipation of coming regulatory changes. The changes are contained in the draft gaming bill currently making its way through the Legislative Assembly.
Travel
Macau ‘satellite’ casinos facing an uncertain future

Dynamic Dash” at City of Dreams Macau and Mocha Clubs

APE has installed Konami's "All Aboard – Dynamic Dash" slot machine at City of Dreams Macau and Mocha Clubs. The game has already proven successful in the Australia and North America markets. It features four mixed amount bonuses and one SAP or link progressive Jackpot. APE believes the game will be favored by players and become successful. It is available on the DIMENSION 27 and D IMENSion 49F cabinets approved for the Macao market.
Winnings
Dynamic Dash” at City of Dreams Macau and Mocha Clubs

Las Vegas Union asks Macau Govt. for land transaction records involving Genting and Treasure Island failed casino project

The International Union of Operating Engineers, Local 501, has sent a public record request to the Land and Urban Construction Bureau. The union is investigating the land transaction involving Genting Group and Ao Mio Leong. According to corporate filings, Mios is one of four director group for local real estate firm Easyway Investment Company Limited, which according to union, is linked to triads. In 2007, Gentings Hong Kong and GentING International acquired a 75% interest in a Macau-based entity called Treasure Island Entertainment Complex Limited. Treasure island owned a parcel of land on the Macao peninsula situated along Praca Ferreira do Amaral. Gentinh intended to develop a hotel on this land and enter into an agreement with SJM to operate a casino there.
Politics
Las Vegas Union asks Macau Govt. for land transaction records involving Genting and Treasure Island failed casino project

Macau’s draft gaming bill is taking shape

Legislators in Macau are preparing to throw out a provision in the draft gaming bill that would prevent anyone with more than a 5% shareholding in a local casino operator from investing with any rival firm.
Travel
Macau’s draft gaming bill is taking shape

Live casino games debut on Meridianbet

Live casino games debut on Meridianbet. The games are from Pragmatic Play. They include Sweet Bonanza Candyland, Roulette Azure and Macao Roulella. All games feature HD content presented by highly trained and professional dealers.  Meridianbet already offers a series of online slot games and traditional betting.
Games
Live casino games debut on Meridianbet

Tax reduction possibility for Macau casino firms

JPMorgan Chase and Company forecast that the over 40 casinos in Macau could boost their earnings by up to 15% a year if the local government decides to decrease the rate of its gross gaming revenues tax.
Finance
Tax reduction possibility for Macau casino firms

MGM China falls to US$26 million EBITDAR loss in 1Q22 on falling Macau revenues

MGM China has reported revenue of US$268 million in the three months to 31 March 2022. It was down 9% year-on-year and 63% lower than the same period in 2019. The Macau properties - MGM Cotai and MGM Macao - are still heavily impacted by travel and entry restrictions into the SAR. VIP table games turnover fell 45% quarter- on-quarter to US $963 million, while win down 55%. Main floor table game turnover was 6% down at US$.1.1 billion, with win 9%. Peninsula property MGM. Macai performed better than its Cotaima peer in mass segment, producing main floor. tablegames win of HK$1,07 billion (US$136.3 billion), and slot machine win US.$132.0 million (HK$16.8 million).
Finance
MGM China falls to US$26 million EBITDAR loss in 1Q22 on falling Macau revenues

Macau casino revenue plunges to 18-month low

Gross gaming revenue in Macau fell 68% year-over-year during April to 2.68B patacas ($331M). It was the lowest tally for the gambling region in 18 months. COVID restrictions in Shanghai, Beijing and Hong Kong cut into traffic to Macao during the month. JPMorgan warned meaningful easing to travel may only be seen late this year before ramping up toward a full recovery in 2023. Bank of America remains constructive on the Macua sector.
Finance
Macau casino revenue plunges to 18-month low

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

The "Coin Combo" family of casino slot titles is doing well in Asian markets. Carnival Cow was the first slot machine game to be approved in Macau under the latest technical compliance rules. The Philippines is the biggest market in Asia for slot machines. The new Kascada cabinet has a high-resolution curved 4K screen and distinctive reflector side lighting. It stands out well on a casino floor thanks to the high resolution screen.
Industry
‘Carnival Cow’ another progressive slot hit: L&W team

Macau casino stocks are falling again as COVID restrictions pick up

Macau casino stocks moved lower after developments in China over the weekend. JPMorgan lowered estimates on Macau gaming stocks earnings estimate. Galaxy Entertainment fell 2.26%, SJM Holdings 4.24%, and Melco Resorts & Entertainment 1.65%. Las Vegas Sands Corp. (LVS) -2.99%, Wynn Resort (NASDAQ:WYNN) - 2,75%, MGM Resports International (NYSE:MGM) 2:29%.
Covid
Macau casino stocks are falling again as COVID restrictions pick up

Macau GGR targets hurt ops with low-yield assets: broker

Macau government's proposed minimum annual target of casino gross gaming revenue (GGR) per table and per gaming machine could hurt operators with low-yielding gaming assets. If local operators fail to meet such GGR targets, they would be required to pay the government the shortfall in the minimum amount of gaming tax. The prevailing gaming rate is 35 percent. The Macau Government imposes the other effective 4 percent relating to other social contributions from the casino operators. CICC Hong Kong estimates the target yield of the gaming tables could stand at US$6,584 win per day, and that of slot machines at $207 win a unit per Day in 2022.
Industry

Macau casino revenue slumps to 18-month low

Macau gross gaming revenue fell 56% in March to 3.67B patacas ($455M). Ongoing COVID restrictions and concerns held back traffic during the month. Macau GGR was down 24.8% for Q1 on a year-over-year basis. Citi pushed back the timeline for a lifting of travel restrictions on China and Hong Kong to Q4 from mid-2022.
Finance
Macau casino revenue slumps to 18-month low

Best Casinos to Travel to Around the World

1.4 billion people travel internationally each year. Casinos are popular choice for tourists. They are luxurious places where you can mingle with the wealthy and sometimes famous. They offer exciting games such as blackjack, poker and roulette. We have compiled a list of six of the best casinos around the world.
Travel
Best Casinos to Travel to Around the World

Non GamStop Casinos: Myths & Facts!

There are many myths about non GamStop casinos. The brick-and-mortar casino kept an advantage over non-GamStop because their materiality reassured players. Most myths are about online trading. The myths have seen flesh and blood and evolved to give birth to today's world of Igaming. They are myths that will remain so because you will be vigilant. Some myths become more mythable over time. It is not true that myths come from prehistory and that today we are enlightened by holy technology.
Gambling Addiction
Non GamStop Casinos: Myths & Facts!

Macau Casino Stock Prices Declined Again as China Intensifies Covid-19 Measures

Wynn Macau's shares fell 15%, Sands China's 13%, Galaxy Entertainment and SJM Holdings' by 12%. China imposed a week-long lockdown in Macao's two neighbouring provinces, Shenzhen and Dongguan, due to a rise in Covid-19 cases. Countermeasures have been reintroduced for inbound travellers entering Macua from Guangdong. Maca's gross gaming revenue for the second week of March was down 37%, with the average daily rate declining to MOP114m (US$14.1m).
Covid
Macau Casino Stock Prices Declined Again as China Intensifies Covid-19 Measures

Commitment concerns for Macau casino operators

The combined net debt of the six licensed casino operators in Macau has quadrupled since the start of 2019 to more than $20 billion. The government for the former Portuguese enclave has provisionally agreed to extend the operators’ lucrative concessions by a further six months to the end of this year.
Travel
Commitment concerns for Macau casino operators

Macau casino licensees obligated to disclose “major financial move” data

Macau's Second Standing Committee of Legislative Assembly discussed changes to the existing gaming law on Tuesday. New rule requires casino licensees to make sure that they disclose any major financial decision they make to government. Chief executive would need to be informed about any significant financial moves beforehand or face financial penalties. The penalties range from MOP 2 million to Mop 5 million. The most severe measure is the revocation of the concessionaire license. Most gaming operators in the region are aware of stricter regulatory protocols. Macau saw a 50% drop in junket operators year-over-year following the arrest of Weng Lin Chan and Alvin Chau.
Law
Macau casino licensees obligated to disclose “major financial move” data

Macau casino firms experience second share slump

The combined market cap of the Hong Kong-listed sextuplet plummeted by 8.7% from Friday to Monday to stand at approximately $46.66 billion. It followed a 6.3% drop last weekend to about $51.56 billion despite news that the government for the former Portuguese enclave had agreed to extend the operators’ concessions by a further six months to the end of this year.
Covid
Macau casino firms experience second share slump

Macau Extends Casino Operator Licenses Until December

The six casino companies operating in Macau have been given six-month extensions to their licenses. The licenses were due to expire on June 26th, but the new expiration date is December 31st. Melco Resorts, Galaxy Entertainment, SJM Holdings, MGM China, Sands China and Wynn Macao each have to reapply for a license in order to keep operating.
Covid
Macau Extends Casino Operator Licenses Until December

Macau casino revenue for February falls short of estimates

Macau gross gaming revenue gained 6.1% in February to 7.76B patacas ($0.96B). Ongoing COVID restrictions and a crackdown on two junket operators impacted traffic negatively. Macau GGR is down 8% on a year-over-year basis. Jefferies is not confident that a positive turn for Maca is close.
Finance
Macau casino revenue for February falls short of estimates

Pandemic challenges see SJM’s Grand Lisboa Palace open to US$54 million EBITDA loss in 2021

Pandemic challenges see SJM’s Grand Lisboa Palace open to US$54 million EBITDA loss in 2021. SJm”s group-wide results showed year-on-year improvement in the same period. The company has not recommended payment of the final dividend for FY21. The loss attributable to owners of SJ mam widened by 37.0% to HK$4.14 billion (US$530 million) on additional costs. Group-waverwide mass GGR up 44.6% year on year to HK $8.47 billion and slot machine G GR up 41. 6% to $69 million.
Covid
Pandemic challenges see SJM’s Grand Lisboa Palace open to US$54 million EBITDA loss in 2021

Macau's casinos still have difficulty recovering from COVID-19 as revenue stays in a slump

Macau's gross gaming revenue for the first 20 days of February was 35% of that in February 2019. The CNY holiday was on February 5 this year. The high-roller segment has been reduced by 50% month-on-month in January 2022 and was down 45% from December 2021. Mainland China has a largely unrestricted travel agreement with Macau. Macaese casinos have been taking on highroller customers as direct-managed customers. They have also stopped working with government-licensed VIP gambling promoters.
Covid
Macau's casinos still have difficulty recovering from COVID-19 as revenue stays in a slump

LT Game unveils E-Baccarat table

LT Game Ltd has just launched its new E-Baccarat table. It combines a live dealer with electronic betting. The dealer deals the cards and is not required for placing bets or collecting winnings. LT Game has three E Baccarats tables in the Macau Jockey Club. The table allows for cash and vouchers to be automatically converted and stored.
Baccarat
LT Game unveils E-Baccarat table

Macau enacts technical standards for live dealer ETGs

New technical standards cover dealer-operated electronic table games (ETGs) came into effect in Macau on Monday. The standards are the first of their kind to focus on ETGs that rely on the use of live dealers. In January 2013, the Macao government introduced a cap on aggregate number of dealer dealer tables allowed in local casinos. In Maca, dealer dealers are given more seats per dealing position. Some analysts say the technology appeals to Asian players. It can produce better yield per gaming seat. There are between 50 and 60 ETG seats to count as equivalent to one traditional gaming table.
Live Gambling
Macau enacts technical standards for live dealer ETGs

DEQ, LT Game partner to deliver EZ Baccarat in Asia

DEQ Systems Corp and LT Game announce a cross-border partnership to deliver EZ Baccarat on LT's Live Multi Game (LMG) systems worldwide. LT will also distribute the traditional live table game version of Ez Bacarat in Asia Pacific. EEZ is a baccararat game with over 7,000 player positions to date. It is available in Macau at MGM Macao and Wynn Macua casinos. It's also available on electronic terminals. There are 3,900 LMG terminals installed worldwide, 3 of which are in casinos in the Macaese.
Baccarat
DEQ, LT Game partner to deliver EZ Baccarat in Asia

Why Asian Gaming Hub Macao Is Getting Tougher on its Big Casinos

Macao is getting tougher on its casino scene as part of an effort to control crime and capital outflows. Draft gaming bill pending in the Macao Legislative Assembly would stop casino operators from issuing junket licenses and share revenue with any gambler-to-casino intermediaries. It would limit the number of newly licensed casinos to six, with terms of 10 years, half the current time. Mainland Chinese tourists, the top source of casino revenue, had taken so much cash to the offshore territory by 2013 that China began tightening rules to curb money laundering.
Covid
Why Asian Gaming Hub Macao Is Getting Tougher on its Big Casinos

Macau casino revenue slumps in January ahead of Winter Olympics

Macau gross gaming revenue fell 20.9% in January to 6.34B patacas ($785M). The GGR growth rate was worse than the +1.8% recorded in December. The crackdown on Macau junket operators and tighter border restrictions ahead of the Winter Olympics also impacted Macao traffic. Jefferies has a cautious stance on the Macua sector.
Finance
Macau casino revenue slumps in January ahead of Winter Olympics

Macau Police Arrest Another Casino Kingpin in Latest Raid

Macau Police in Macau have arrested a casino kingpin with links to fallen junket billionaire Alvin Chau Cheok-wa. Maca Legend Development's CEO and controlling shareholder Chan Weng Lin was arrested on Friday. Choi Wai Chan, chairman of Hong Kong-listed travel agency Ying Hai Group Holdings, was also taken into custody. The men were arrested over alleged money laundering and illegal gambling.
Incidents
Macau Police Arrest Another Casino Kingpin in Latest Raid

Macau licenses only 46 casino junkets for 2022

Macau licenses only 46 casino junkets for 2022. It's the first time since the watchdog began issuing such certifications some 20 years ago that the tally of licensed junket firms in the former Portuguese enclave has dipped below 50.
Travel
Macau licenses only 46 casino junkets for 2022

Macau junket tally halves

The number of junkets or gaming promoters in Macau has nearly halved over the past year. The total number licensed casino operators has also fallen to 46 this year from 85 in January 2021. Suncity is no longer on the list.
Law

Macau casino GGR up 32pct m-o-m in Sept: govt

Macau casino gross gaming revenue (GGR) rose 32.4% sequentially in September to MOP5.88 billion (US$735 million). In August, GGR was Mop4.44 billion, when a Covid-19 alert in Macau had seen a sharp dip in tourism to the city. The daily volume of mainland tourists to Macao went down at the end of September, coinciding with neighbouring Zhuhai introducing a 14-day quarantine for inbound travel from Macua.
Covid
Macau casino GGR up 32pct m-o-m in Sept: govt

Macau casino revenue hits 2021 low, direct investment slumps in 2020

October was the worst month for Macau casinos. Revenue dropped 40% YoY and 26% from the previous month. It was also down 83% against pre-pandemic 2019. The news comes amid pandemic-related restrictions and a gambling law review. Macao entered a state of immediate prevention from September 25 to October 15.
Finance
Macau casino revenue hits 2021 low, direct investment slumps in 2020

Macau on course for new low level of problem gambling

Macau is on course for the lowest level of problem gambling in the past decade. In the six months to June 30, there were 25 people with problems. Last year, the number was 77. Of the problem gamblers, 84.0 percent were men, 32.5 percent of them were aged 30 to 39, and a further 15. 0 percent had a job related to gambling.
Gambling Addiction
Macau on course for new low level of problem gambling

The Biggest Casino in Asia

The biggest casino in Asia is the Venetian Macao in Macau. It is one of the most luxurious and elegant hotel and casino resort in the Asia. The Venenian has 800 gambling tables and 6,000 slot machines and it costs 2.4 billion US dollars. Last year it generated 28 billion dollars worth of casino revenue. The number of online casino users is increasing every day. Rolling Casino is a trusted and legitimate site. People can access it without any worries. Maca is being called the Las Vegas of Asia and is home to 41 casinos. There are 6.080 gaming tables in this area and almost 9,00 slot machine in total.
Games
The Biggest Casino in Asia

GGR at Macau Casinos Was up 44% Year-on-Year for 2021

Macau's casinos generated gross gaming revenue of MOP$86.86bn (US$10.8bn) in 2021. This is a 44% increase on the previous year. The total was 70% lower in 2020 due to the COVID-19 pandemic. Macau’s casinos finished off 2021 with GGR of $7.96bn in December.
Covid
GGR at Macau Casinos Was up 44% Year-on-Year for 2021

Macau Casino Revenue Hitting Rock Bottom

Macau casino revenue fell by 55% in November to $834 million. New regulations concerning licenses and day-to-day running threaten the long-term future of Macau's casinos. The proposal to install government staff to observe daily operations and a proposal that would shorten the validity of all casino licenses also make some commentators concerned about the future.
Finance
Macau Casino Revenue Hitting Rock Bottom

Macau casinos seek to replace junket revenues amid crackdown, industry uncertainty

Macau casinos seek to replace junket revenues amid crackdown, industry uncertainty. VIP gaming rooms, which made up about a third of Macau’s gaming revenues in 2019, have taken a big hit following the arrest last month of Alvin Chau, head of Suncity. Since the arrested, shares of Wynn Macao have plunged about 23%, Sands China has fallen about 13%, and MGM China dropped 20%. The future of the industry is in mass and premium mass recovery. It will imply controlling COVID-19. The pace of recovery in late 2021 and 2022 depends on COVI outbreaks and travel restrictions coming down.
Finance
Macau casinos seek to replace junket revenues amid crackdown, industry uncertainty