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#InTheSpotlightFGN - Macau’s gaming law amendment bill introduces increase on GGR tax

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#InTheSpotlightFGN - Macau gaming concessions public tender to start this month

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- ’s #gaming law amendment bill approved

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Film Threat

What Is the Future of Casino Tourism?

Casino tourism is on the decline due to the proliferation of online gambling and the increasing popularity of destinations like Las Vegas and Macau. In this blog post, we will take a look at some of the factors driving this decline and explore possible ways to revive casino tourism.
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What Is the Future of Casino Tourism?
Casino Guru

Thai committee getting serious about five casino resorts

Thailand may approve up to five casino resorts. The committee at the Thai National Assembly is trying to gauge whether the benefits to society outweigh the risks. If the committee's recommendation is approved, the proposal will be submitted to the national government. It will probably be pitched to government later this year. The main concern is to not over-regulate and to make sure that casinos are paying their due. There will also be guardrails to ensure that not everyone is allowed to enter the resorts, and that illegal gambling is tackled. A recent overhaul of the Macau gambling system came with no leniency in the tax code despite the pandemic.
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Thai committee getting serious about five casino resorts
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Programming Insider

Top 5 Popular Casino Games Around the World

Top 5 Popular Casino Games Around the World. Online games are becoming well-liked for several reasons. They are fun and easy to play, or they appeared earlier than others, and you can win a lot of money in them.
Top and Best
Top 5 Popular Casino Games Around the World
Programming Insider

The Casino Revenue in a Global Scale

Australia has more gambling revenue than any other country. Online casinos are doing better than before the COVID-19 pandemic. Macau has the highest casino revenue per person.
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The Casino Revenue in a Global Scale
Markets Insider

Casino Stocks WYNN, LVS, MGM, MLCO Gain on Easing Covid-19 Restrictions

China is starting to lift its lockdown protocols. The country is reporting the lowest number of new cases since early February. This means that the Chinese economy is making up lost ground. Casino stocks are rising on the news. Several of the largest U.S. casino companies have holdings in China. MGM Resorts International is up less than 1%, Las Vegas Sands (NYSE:LVS), Wynn Resort (NASDAQ:WYNN) and Melco Resorting & Entertainment (Nasdaq:MLCO) are up more than 8%.
Covid
Casino Stocks WYNN, LVS, MGM, MLCO Gain on Easing Covid-19 Restrictions
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AGB - Asia Gaming Brief

Hann Casino Resort sees strong recovery, plans $1b more in investments

Hann Casino Resort has seen a strong recovery and plans $1 billion more in investments. The rebranded Hann Casino reopened in December last year and in March it rolled out the Philippines first Swissotel. Hann Lux Lifestyle Resort will be opened in 2020 with an initial investment of P20 billion.
Travel
Hann Casino Resort sees strong recovery, plans $1b more in investments
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Yogonet

online casino player profile in 2022

Slotegrator, a leading software developer and aggregator shares the key points and insights on the importance of knowing players' profiles. The profiles allow operators to have a better understanding of a player's needs and wants. Online gambling can bring people from different cultures together.
Trust and Safety
online casino player profile in 2022
Brisbane Times

Crown Barangaroo’s casino licence is critical to its survival in Sydney

In 2012, Packer was trying to attract big gamblers from Macau and Las Vegas to integrated resorts like Barangaroo and revamping of Crown Melbourne and its Perth casino. The high roller market was already turning over $30 billion a year in Australia. Crown took the lion’s share of this bounty by offering big punters access to a fleet of Gulfstream jets, limousines, luxury villas and exclusive entry to the Capital Golf Course. Whales were treated to private gaming “salons”, which enjoyed a special exemption from bans on smoking indoors.
Gaming Authorities
Crown Barangaroo’s casino licence is critical to its survival in Sydney
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RomaPress

The Three Best Destinations for Gamblers Around the World

The Three Best Destinations for Gamblers Around the World are listed. Online casinos offer 24/7 access to a rich library of casino games. They have been thriving in recent years, creating a vast worldwide community of players.
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The Three Best Destinations for Gamblers Around the World
The Jerusalem Post

Most popular casino games in the world today

Gambling is one of the oldest forms of entertainment. The world is becoming more and more “online” and technology is advancing. Since the early 21st century, websites have been opened up featuring some of most popular casino games. Online poker quickly went from a joke to being taken seriously. Many gamblers today are known more for their career online. iGaming is a form of online gambling. Casinoburst is an online casino featuring games like poker, slots, roulette, blackjack, and various other games that can be found at any casino.
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Most popular casino games in the world today
Urban Matter

The Top 7 Gambling Destinations In The World

The gambling laws are slowly relaxing and more people are engaging in casinos to earn well. Land-based casinos are enjoying their popularity due to glamorous and happening nightlife.
Movies
The Top 7 Gambling Destinations In The World
Casino Guru

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
The Nevada Independent

Indy Gaming: SCOTUS ruling favoring Texas tribal casinos has ‘wider implications’

Supreme Court ruling last week allows the Tigua Indians of El Paso to operate bingo at an El Paso entertainment center. It also benefits the Alabama-Coushatta tribe, which has been fighting with Texas officials over bingos on its reservation. Las Vegas Sands will work with the Legislature next year to put a casino referendum on the ballot in Texas. Last year, Texas lawmakers rejected a Las Las Sands-backed casino gaming proposal.  WinStar World Casino and Resort is located in Thackerville, Oklahoma, on Interstate 35.
Gaming Authorities
Indy Gaming: SCOTUS ruling favoring Texas tribal casinos has ‘wider implications’
High Stakes

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...
Gambling News

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
Cruise Addicts

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.
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Onboard Cruise Casino Games That You Should Definitely Give A Try
Seeking Alpha

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
The Baltic Times

Taxes on Casino Winnings

When it comes to online gambling, countries fall into three categories. The first category is the one with countries that explicitly ban this activity. Second category includes countries where online gaming falls into a legal gray area. Third category consists of countries with regulated online casinos. Fourth category has subcategories where players pay no tax and where they pay a tax on gambling winnings.
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Seeking Alpha

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.
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New Macau gaming bill advances to final vote
Reuters

Macau to sign off on 6-month casino operator licence extensions -media

Macau's government will formally sign a six-month licence extension for casino operators on June 23. The extension allows more time for the anticipated rebidding process in the Chinese special administrative region. Wynn Macau, Sands China, MGM China (2282.HK), SJM Holdings (0880. HK), Galaxy Entertainment (080 HK) and Melco Resorts (1128.Hk) applied for extension. They will each need to pay 47 million patacas ($5.81 million) for it.
Travel
Macau to sign off on 6-month casino operator licence extensions -media
AGB - Asia Gaming Brief

Your Daily Asia Gaming eBrief: Laos regulating online gaming

Laos has taken the first steps in regulating its online gambling industry. The model is similar to the one adopted in the Philippines for Philippines Offshore Gaming Operators. Laos is lower cost and aims for a more favorable tax environment.
Industry
Your Daily Asia Gaming eBrief: Laos regulating online gaming
World Casino News

American iGaming flutter for Las Vegas Sands Corporation

Las Vegas Sands Corporation has made an inaugural strategic investment in Huddle Tech Incorporated. The move is for an undisclosed amount of cash. Online gaming market in the United States is expected to exceed $114 billion by 2028.
Sports
American iGaming flutter for Las Vegas Sands Corporation
Asgam

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.
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Dynamic Dash” at City of Dreams Macau and Mocha Clubs
The Nevada Independent

Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023

Five casinos in Southern Nevada are not going to reopen. The economic downturn is keeping the doors locked. Red Rock Resorts spends $2.1 million every three months to keep the properties operational. The Southern Nevadans produced a gaming revenue record of $1.17 billion in March. It is expected to be higher in the first four months of 2022. There are also concerns about the impact of inflation and high gas prices. For now, the three companies have written off any reopening plans. They are still required to pay state license fees and certain slot machine and table game taxes.
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Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023
World Casino News

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
Travel Daily News

Why gambling tourism is doing so well in the UK

The United Kingdom is one of the best locations for gambling. Over the past decade, casinos have been popping up all over the UK. Let's discuss the secret behind the success of gambling tourism in the United States.
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CNBC TV 18

Sebi May Turn To Ai Used In Casinos To Crack Down On Insider Trading: Report

Sebi is in talks with a US-based artificial intelligence (AI) systems provider. The company has helped casinos in Las Vegas track gamblers. Sebi wants to use the system to crack down on insider trading in India. The regulator is considering the proposal. AI is used to analyse the behaviour of players in the casino. It also helps in risk management. A number of casinos around the world have already implemented artificial Intelligence. They collect data and use algorithms to analyze why players prefer a particular game. In Macau, they use hidden cameras and facial-recognition technology to track betting behaviour.
Innovation
Sebi May Turn To Ai Used In Casinos To Crack Down On Insider Trading: Report
Yogonet

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
Yogonet

Macau casino revenue plunges 68% to new 18-month low in April amid tourism drought

Macau's casino revenue for April fell 68% from a year earlier. The decline is due to the ongoing impact of the pandemic on the gaming destination. China's strict Covid restrictions are in place in Shanghai, Beijing and other key jurisdictions. Macau has eased some border control restrictions, but this hasn't helped to boost tourism. IMF forecast that things might not bode well for the gambling hub in the long term. Analysts say a meaningful easing of restrictions could start in late 2022 and ramp up through 2023. March saw a 30% visitation drop from the year before to almost 527,000 trips.
Travel
Macau casino revenue plunges 68% to new 18-month low in April amid tourism drought
Play USA

Metaverse Has Virtual Casino Resorts Awaiting For Player Avatars

There are rumors about a new casino in Times Square. New Yorkers are already playing casinos online. Online casino gambling is legal in six states. Tech companies and entrepreneurs are trying to create a lucrative new digital land. iGaming NEXT Conference is taking place a block away from Times square. PlayUSA’s series on the gamblification of the metaverse is part 2. It explores how tech companies are attempting to draw the maps for this endless and perhaps lucrative digital space.
Travel
Metaverse Has Virtual Casino Resorts Awaiting For Player Avatars
The Statesman

Stricter policy on casinos

Bloomberry Resorts Corp. signed an agreement with landowners to acquire 279 hectares in the area for P7.5 billion. Bloomberry is the operator of the Solaire Resort and Casino, one of four gaming and resort complexes allowed by the government in Entertainment City. The first one opened in 2013. President Duterte ordered a moratorium on new casinos in 2018. This was lifted last year after the goverment scrambled for funds to finance efforts to contain the Covid-19 pandemic. Even before Bloomberries finished its project, Pagcor allowed Razon's BloomBerry to build a casino in Quezon City, which is targeted to start commercial operations in 2023.
Covid
Stricter policy on casinos
World Casino News

Arrears warning for Macau gambling market

Morgan Stanley warns that the combined debt of the six licensed casino operators in Macau could exceed $25 billion by the end of this year. The financial services giant also warns it may top $27 billion in liabilities by 2023.
Industry
Arrears warning for Macau gambling market
MITechNews

Best Casino Hotels And Resorts

The modern playing hotels in Detroit are outfitted to meet modern requirements. The gaming world is not limited to Las Vegas. There are no deposit free spins Australia 2022. For those who prefer playing online, no deposits free spin Australia 2020 are available.
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Best Casino Hotels And Resorts
The Baltic Times

From the Baltics to the US: The Most Popular Slot Games

Online gaming has grown steadily in popularity over the last few years. Online casinos have enjoyed a massive increase in players logging on each day. Online slots are among the most popular of these casino games because of their fun gameplay, stunning graphics, and the thrill of winning big.
Covid
London Post

Why is iGaming Such a Popular Genre?

The gaming industry in 2021 is at an all-time high. It welcomes 500 million new companies and accrues a value of over €250 billion. Some segments of the industry are leading the way in terms of global popularity.
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Why is iGaming Such a Popular Genre?
Asia Times

Policy changes make Macau’s casinos a risky bet

Macau's Court of Final Appeal ruled that operators and junkets organizers were jointly liable for client deposits in nine cases filed by VIP gamblers. Macau’s gaming revenue in April fell 68% year-on-year to 2.67 billion Macanese pataca ($124 million), the lowest in 18 months. Beijing”s National Immigration Administration“s latest move to discourage mainlanders from traveling and spending money overseas.
Covid
Policy changes make Macau’s casinos a risky bet
European Gaming

Golden Rock Studios rolls out Bonus Only

Golden Rock Studios has released a new slot game called Bonus Only. It's a low volatility game with a 96.21% RTP and max win potential of 1750x your total bet. It is available now via Caleta Gaming Platform. The game is aimed at entertainment hungry players and bonus hunters. There is no base game payouts. All the RTC goes into the three bonus rounds. Will Mathieson, Golden Rock's Founder and Chief Product Officer is excited about the game.
Industry
Golden Rock Studios rolls out Bonus Only
World Casino News

China visa crackdown to impact Macau gambling market

Macau's gaming revenues could fall by as much as 20% this year due to China's crackdown on granting visas to frequent gamblers. The National Immigration Administration has already discouraged 90,000 people who wanted to leave the country to gamble over the course of the last year.
Payment Methods
China visa crackdown to impact Macau gambling market
Gambling News

Law Will Allow Macau to Alter Casino GGR Requirements

Macau's gaming laws have been the main topic of discussion in the recent period. The government of Macau will have the power to alter minimum GGR that concessionaires need to reach based on economic conditions.
Covid
Law Will Allow Macau to Alter Casino GGR Requirements
Gambling News

Carolina Panthers’ Owner Invested in Las Vegas Sands and Wynn Resorts

David Tepper, owner of the Carolina Panthers, expanded the equity portfolio of Appaloosa Management. He bought 525,000 Las Vegas Sands shares and 225,00 Wynn Resorts shares. Teppers' investment depends on the recovery of Macau gambling market. The gambling sector in the region is struggling with the effects of COVID-19 pandemic.
Travel
Carolina Panthers’ Owner Invested in Las Vegas Sands and Wynn Resorts
World Casino News

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
World Casino News

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
Salon Privé

Top 5 Most Luxurious Casinos In The World

The world is going digital. Restaurants allow for food ordering online, clothing stores allow customers to digitally fit their clothes through augmented reality and online gambling has taken the world by storm. Online casinos offer convenience and accessibility but there's still a certain charm and allure attached to traditional land-based casinos. The world has many casinos of different shapes and sizes. Some casinos are modest in nature, while others are luxurious.
Top and Best
Top 5 Most Luxurious Casinos In The World
Asgam

China says 42,000 cross-border gambling cases detected in past three years

China's Ministry of Public Security says it has made every effort to crack down on illegal cross-border gambling. It has eliminated 6,066 online gambling platforms and solved 240,000 cases of economic crime. Special organizations targeting cross border gambling aimed to “annihilate” underground money markets. China has also made no secret of its efforts to fight crossborder casinos.
Travel
China says 42,000 cross-border gambling cases detected in past three years
Novinite

Most Popular Online Casino Games in the US

The gaming sector has flourished since going online. Land-based casinos are moving online to compete with internet casinos. Potential casino players should read reliable reviews on the real-money online casinos picked by experts.
Games
Most Popular Online Casino Games in the US
Nerdbot

Fun, Convenient and Even Great Value Entertainment

Online casino games are convenient and fun. They offer great value for money. It's important to play responsibly and within your budget. For the novice, here are some reasons why we recommend trying casino game from the comfort of your home.
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Fun, Convenient and Even Great Value Entertainment
Asgam

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
Seeking Alpha

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