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VOA

Can Macao Become Asia’s Las Vegas?

Macao, the former Portuguese colony that has become the world's biggest gambling city in recent years, is embarking on an experiment to remake itself, but it's unclear if it will succeed. Visitors to the city see a difference compared to 10 or 20 years ago. There are new and bigger casino resorts - from The Londoner to MGM Cotai - and they no…

Travel ・ 25 February 2024

focusgn.com

Thailand: man deported for allegedly operating gambling website

A 32-year-old Chinese national was accused of operating a site worth THB2.5bn (US$70m). Thailand.- A 32-year-old Chinese national has been arrested and deported for allegedly operating a gambling website valued at THB2.5bn (U$D70m). According to police reports, the man, identified as Huang, led a criminal syndicate called Zhonghe, which ran the…

Incidents ・ 20 February 2024

AGB - Asia Gaming Brief

Proximity to China turned Mekong River region into online gambling and money laundering hub

In an interview with AGB, Richard Horsey, Crisis Group's senior Myanmar adviser, discussed the scale and challenges of tackling transnational criminal networks in the Mekong sub-region. "Like many other places in the region, its proximity to the rapidly growing Chinese economy in recent decades brought many changes, including the emergence of…

Incidents ・ 19 February 2024

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

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AGB - Asia Gaming Brief

Suncity's online gambling wagering exceeded $42.2 billion, reported the State-owned TV

The report from CCTV has unveiled details of the cross-border gambling operations, including the scale of the online gambling business, affiliates' requirements, and how the online gambling group received and settled gambling funds. CCTV noted that Alvin Chau started an online gambling business in the Philippines targeting Chinese nationals in…

Incidents ・ 08 January 2024

Asgam

LT Game launches two new slot machine games at MGS

LT Game, a subsidiary of Paradise Entertainment Limited, unveiled at MGS on Tuesday two new slot machine games called "Street Steel" and "Hulunbuir Grassland". "Street Steel", inspired by Macau local specialties, was designed and produced by Shaun Ruddy, an internationally renowned custom motorcycle builder who has won many international…

Covid ・ 15 November 2023

VOA

UN Warns of Growing Money Laundering, Shadow Banking Risk from Mekong Casinos

Transnational criminal gangs are using Southeast Asia's booming and increasingly digital gambling industry as a shadow banking system to covertly move and launder ever more dirty money, United Nations officials have told VOA. Drawing on new research and analysis, including the latest intelligence from local law enforcement, the U.N. Office on Drugs…

Incidents ・ 29 October 2023

Analytics Insight

Casino Revenue Statistics: Trends and Analysis Report

The gambling industry is a major contributor to the global economy, generating billions of dollars annually through many forms, such as sports betting, lotteries, online gambling, and more. With the increasing popularity of online gambling and the legalization of gambling in more countries, more and more people have been hooked on it. As a result,…

Industry ・ 20 October 2023

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businessnewsthisweek.com

Economic Boost: Analyzing the Impact of Gambling on Local Economies

In today's digital age, online casinos have revolutionized the gambling landscape, holding immense potential for economic growth. From job creation to technological innovation, these virtual wonderlands offer exciting prospects for both players and local economies. Join us as we explore the fascinating world of online casinos in Canada and uncover…

Industry ・ 25 September 2023

iGaming Business

Saipan casino saga slithers toward second attempt

Over the past decade, Imperial Pacific International's Saipan casino project has gashed a path of destruction across the Commonwealth of Northern Marianas Islands, specks of US Pacific territory at least four hours' flying time from Asian markets. Among the ruins: unfinished, shuttered Imperial Palace casino hotel despoiling Saipan's downtown…

Incidents ・ 27 May 2023

Gambling Insider

Asian iGaming: An overview of the different online gambling markets

The Asian iGaming sector is a rapidly growing industry with significant value and potential. Over the past decade, the sector has seen a surge in popularity and has become one of the largest and most profitable in the world. The sector consists of various types of games, including sports betting, online casinos, lotteriesand poker, among…

Industry ・ 06 May 2023

World Casino News

Will New IR in Osaka Affect the Macau Gambling Industry

Macau, also known as "Asian Gambling Mecca," was a haven for Asian tourists who enjoyed gambling and various casino games. However, the situation might be changing since Japan decided to legalize casino gaming. New integrated resort in Osaka: Legalizing the Japanese market will possibly have a negative impact on Macau, as well as the other regional…

Industry ・ 17 April 2023

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The Washington Post

Japan approves plan for country's first casino resort

Japan has approved plans for the nation's first casino, paving the way to open up what is seen as one of Asia's largest untapped casino markets. To be located on Yumeshima, an artificial island in Osaka, the casino will be part of a 1.08 trillion yen (about $8.1 billion) "integrated resort." With a theater, art museum, conference hall and other…

Travel ・ 15 April 2023

Seeking Alpha

Las Vegas Sands: Still Too Cheap To Ignore, Macau Joins Singapore In Recovery Cycle (LVS)

Industry ・ 16 March 2023

Drift Travel

The Best Countries for Casino Tourism

Casinos make for one of the most popular means of entertainment for people on a global level. These days, people pack their bags and travel to visit popular casinos, play games that aren't available in their country, or simply to gamble because this is not legalized where they live. Casino tourism is a very big industry. The allure of visiting a…

Travel ・ 23 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

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Salon Privé

From Las Vegas To Monte Carlo: A Guide To The Most Lavish Casino Destinations

For a long time, Las Vegas has been synonymous with luxury casinos. With its dazzling lights and extravagant establishments, it's no surprise that many people consider it the ultimate destination for a high-end gambling experience. However, as the world of luxury casinos continues to evolve, it's important to remember that these opulent…

Strategy Guide ・ 31 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

FTN News

5 Casino Hotels for 2023 Travel Plans

Whether you are a casino tourist who travels to a location specifically to visit one or more casinos or just a leisure traveler who likes taking advantage of the entertainment and dining options offered by the casino, we bring five hotels to your attention for your 2023 travel plan. We select 5 hotels from 5 different locations. Las Vegas is a…

Travel ・ 12 January 2023

TipRanks

MLCO, MGM, or LVS: Which Casino Stock Could be the Best Bet in 2023?

Stocks of casino operators with exposure to Macau, an administrative region in China and a major gambling destination, have rallied recently on hopes of strong recovery following the easing of COVID-19 restrictions. Moreover, Macau granted new licenses to six casino operators in late 2022 for a period of ten years. Additionally, certain analysts…

Land-based ・ 11 January 2023

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iGaming Business

Changing money could key Macau casino recovery

Gloom has eased in Macau with the end of China's'zero-Covid' policy, but there's a still a long road to recovery as mainland authorities oppose gambling and attempt to stem outward capital flow. One simple change could ease Beijing's concerns about funds illicitly exiting via Macau while making it simpler and cheaper for mainland Chinese tourists…

Finance ・ 09 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

GGRAsia

2023: maybe a reboot in Asia casino client profile

The'reopening' of China in terms of outbound travel for its citizens, after three years of stringent controls due to Covid-19 containment, will be a key factor in 2023 for the Asia Pacific casino sector, says a number of industry commentators spoken to by GGRAsia. Some mention not only what it might mean for Macau, after multiple quarters of low or…

Industry ・ 31 December 2022

World Casino News

China detected 37,000 cross-border gambling cases in 2022

According to our source, the Ministry of Public Security of China informed in the Thursday statement that the Police on the Chinese mainland detected more than 37000 cases of alleged "cross-border gambling" in 2022. The statement did not include information about the number of cases of actual or attempted gambling at land-based casinos against…

Incidents ・ 31 December 2022

Vegas Slots Online

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

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

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

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

Travel Daily News

Where to find the best casinos in the world

The casino industry has been growing exponentially yearly, with record sales and revenue, and the industry continues to grow. Forecasts point to a market valuation of nearly $125 billion by 2025, paving the way for a growth rate of 11.3% in the USA alone. The United States has the most land-based casinos, with China coming in second. There is an…

Strategy Guide ・ 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

Review Journal

Weeklong Macao casino shutdown affecting Sands, MGM, Wynn begins

Macao casino resorts closed their doors Monday as a weeklong government-ordered shutdown began in the region, taking a toll on properties including several operated by three Las Vegas-based companies. Because of elevated COVID-19 case numbers, Macao Secretary for Administration and Justice Andrew Cheong Weng Chun on Saturday ordered a closure of…

Covid ・ 21 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

Seeking Alpha

Macau Casinos: Time To Place Your Bets

It used to be the world's biggest. It was so massive, and the second place was much so smaller in comparison that we can't even call them peer competitors. The gambling revenue of Macau was six times that of Las Vegas as of 2019. Then, COVID-19 happened, and Macau's gambling revenue fell nearly 80% over the next 2 years. Today, Macau's pandemic…

Travel ・ 03 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

Vegas Slots Online

Chinese Gambling Ring That Laundered $5.6bn Unearthed

Chinese authorities have taken down an enormous, high-profile criminal syndicate in the Hunan province, according to reports. $5.6bn in proceeds were laundered through cryptocurrency The group managed an illegal gambling network and numerous telecommunication scams, from which $5.6bn in proceeds were laundered through cryptocurrency. According to…

Crypto ・ 28 September 2022

Business Live

Casino stocks jump as Macau gets ready to welcome back Chinese tour groups

Macau casino stocks surged the most in six months on Monday after the city announced plans to welcome back tour groups from mainland China as soon as November, a breakthrough for the gaming hub's Covid-19-hammered, tourism-dependent economy. Wynn Resorts soared as much 15% on Monday to $68.89 in New York, the biggest intraday gain since November.…

Finance ・ 26 September 2022

CNBC

Jefferies upgrades Las Vegas Sands, Wynn Resorts on Macao reopening

Jefferies on Monday upgraded Las Vegas Sands and Wynn Resorts after Macao announced its plan to allow Chinese tour groups back in the casinos as soon as November. The Wall Street firm boosted the rating for the casino operators to buy from hold following news that the Macau government said it will resume visitation access from mainland China…

Travel ・ 26 September 2022

Investor Place

Why Are Casino Stocks LVS, WYNN, MLCO Up Today?

Casino stocks are rising higher on Monday and they have China's easing Covid-19 restrictions to thank for the boost! China is planning to reduce restrictions in Macau, the world's gambling hub, starting in November. This will allow tour groups from Mainland China to visit the casinos in the area for the first time in almost three years. That will…

Finance ・ 26 September 2022

The Street

Las Vegas Sands Stock Leaps As Macau Eases Covid-Era Gaming Rules

Las Vegas Sands (LVS) shares lead U.S. casino operators sharply higher Monday after officials in the city of Macau, the world's largest gaming hub, agreed to allow tour groups from mainland China for the first time in nearly three years. Macau, a Special Administrative Region of the People's Republic of China, said group visits - heavily restricted…

Covid ・ 26 September 2022

CNBC

Stocks making the biggest moves premarket: PG&E, Lyft, Las Vegas Sands, more

Planet Fitness - Shares of the gym franchise jumped nearly 3% in premarket trading after Raymond James upgraded the stock to strong buy from market perform. The Wall Street firm said the company has a resilient and recession-resistant business with no interest rate risk and very little near-term debt maturities. Meanwhile, its current valuation is…

Travel ・ 26 September 2022

Vegas Slots Online

Macau Casino Shares Soar as China Tour Groups to Return

On the back of news Macau will welcome back tour groups from mainland China in November, shares in the Special Administrative Region's casinos have soared, including Sands China. [Image: Shutterstock.com] Sands China's shares have risen 13% after Macau CEO Ho Iat Seng announced mainland China tour groups can return to the gambling hub in November.…

Covid ・ 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

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

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

Sigma

Philippines online gambling at risk as senator calls for ban

Online gambling in the Philippines may be at risk after a leading senator introduced a bill on Monday seeking an outright ban following a rise in kidnappings and violent crime. Senate Majority Leader Joel Villanueva's Bill 1281 would outlaw all forms of online gambling, with a jail term of up to six months and a fine of up to PHP500000, local media…

Law ・ 22 September 2022

Seeking Alpha

Las Vegas Sands: Capitulation Here Or Near

Owning it: I have been following the shares of Las Vegas Sands (NYSE: LVS) for five years, for any number of reasons that most investors share with me. It is the global leader of the gaming industry, having been built from the Las Vegas legacy of the original Sands, home of the famous Rat Pack of Frank Sinatra, and decades later, its extension to…

Travel ・ 22 September 2022

Markets Insider

The Future of Macau, Asia's Las Vegas, Hangs in the Balance

With gaming revenues six times that of the Las Vegas Strip, it's not hard to see why Macau is often called the "Las Vegas of Asia." The tiny island in the South China Sea known for its glitzy casinos and shopping malls. Macau's GDP in 2019 stood at $55.19 billion, of which $36 billion came from gaming revenues. The GDP starkly dropped to $29.91…

Travel ・ 14 September 2022

Asgam

Chinese Embassy in Thailand reports cross-border gambling cases

The Chinese Embassy in Thailand said Monday it had received calls for help from Chinese nationals who had been involved in cross-border gambling and had suffered losses to their personal safety and property. The embassy also stressed that "Chinese law clearly stipulates that participation in gambling, including cross-border gambling, is suspected…

Incidents ・ 06 September 2022

EJINSIGHT

Who wants to bid for Macao casino licences? EJINSIGHT

The Macao SAR government has set a deadline of September 14 for gambling operators to submit bids for new licences, due to begin at the start of 2023. The licences of the six current operators, three U.S.-owned, will expire at the end of December. The Covid pandemic and the resultant restrictions on travel have caused the worst three years in the…

Covid ・ 25 August 2022

Yogonet

Macau's casino losses exceed $2B mark in H1 as they await bidding process; recovery not expected until 2023

The struggle for Macau's casinos seems far from over. Macau's 41 casino operators reported half-year losses of $2 billion, and total gaming revenue came in at $3.3 billion. The latest numbers come as the city struggles to recover from its largest Covid outbreak, which saw the lock-down of casinos for two weeks, and as virus restrictions from the…

Covid ・ 24 August 2022

GGRAsia

Non-China VIPs key target for Asia casinos: marketers

Acquiring VIP and premium-mass gamblers from outside China is a priority for Asia Pacific casino operators, say several industry marketing specialists spoken to by GGRAsia. That could be a challenge particularly for Macau operators, that have spent more than a decade generating a lot of their gambling volume from high-value customers from mainland…

Covid ・ 23 August 2022

Times Of Casino

The 10 Biggest Casinos in the World in 2022

What started out as a game of dice between friends, has now grown into a juggernaut of entertainment, dining and unique gambling experiences. Post-covid, a lot of major casino developments have been kicked into the long grass. Although delayed, they are coming. Not least, the remarkable $5 billion Moon World Resorts, destined for Las Vegas; a…

Religion ・ 18 August 2022

Hometime Station

How Much Money People Spend On Gambling Annually

When gambling is brought up, flashy pictures of Las Vegas immediately spring to mind. However, contrary to popular belief, gambling is not as popular in America as it is in some other countries in the world. In reality, some of the least suspicious nations are among the greatest gamblers. According to WorldAtlas, Australians bet (and lose) more…

Mobile ・ 17 August 2022

WION

Thai police detain an alleged Chinese gambling lord

Thailand police have arrested a Chinese fugitive wanted by Beijing for allegedly running illegal online gambling operations, and will soon extradite him to China as per authorities. According to Thailand's deputy police spokeswoman Kissana Phathanacharoen, She Zhijiang, 40, a Chinese national who also holds a Cambodian passport, was detained last…

Incidents ・ 16 August 2022

Macau Business

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, a recent research carried out by Macau Polytechnic University (MPU) scholars found. In the study titled "Profiling of Gamblers and Problem Gamblers Among Casino Patrons in Macau SAR", scholars To Wai…

Gambling Addiction ・ 16 August 2022

Reuters

Thai police arrest suspected Chinese gambling kingpin

BANGKOK, Aug 15 (Reuters) - Thai police have arrested a Chinese fugitive wanted by Beijing for allegedly running illegal online gambling operations and will soon extradite him to China, the police told Reuters on Monday. She Zhijiang, 40, a Chinese national who also holds a Cambodian passport, was arrested last week based on an international…

Incidents ・ 15 August 2022

Gambling News

Wanted Chinese Online Casino Businessman Nabbed in Thailand

Police in Bangkok, Thailand has led a raid against a Chinese businessman who is wanted back in mainland China and is subject to an international arrest warrant. The man, one She Zhijiang, aged 40, has eluded Chinese authorities since 2012, according to local media outlets, but he will now face charges of running an illegal online casino. China has…

Lottery ・ 15 August 2022

Review Journal

Macao casino relicensing occurring as region recovers from shutodown of properties

Macao, the most lucrative casino gaming market in the world since 2006, is taking a page from an old Strip playbook. Remember those efforts to draw families to Las Vegas in the 1990s? Casino companies across the valley built thrill rides, roller coasters and Strip-front entertainment to attract audiences to their resorts. That's what's in store for…

Strategy Guide ・ 14 August 2022

Card Player

Macau Casinos Win Just $49 Million From Gamblers In July

Macau casinos collectively just had their worst month ever on the books. According to figures from the local government in the special administrative region of China, Macau casino win was $49 million in July, the worst performance ever over a single month. Macau began casino gambling reporting in 2009. The $49 million haul in July was down 98%…

Covid ・ 11 August 2022

GGRAsia

Microchip lack felt by slot makers says MGEMA boss Chun

A global shortage of computing microchips is currently the biggest challenge for gaming machine manufacturers, says businessman Jay Chun (pictured in a file photo), president of the Macau Gaming Equipment Manufacturers Association (MGEMA), in comments to GGRAsia. Disruption to regional logistics due to the Covid-19 pandemic was another hurdle for…

Covid ・ 05 August 2022

Travel Daily News

Top five travel destinations with the best casinos

The possibilities of online casino gambling are endless - and especially with the development of the live casino feature and online casino, like casinorewier.com that offer 10 dollar deposit casino, it comes close to the real experience that you can find in land-based casinos. These places involve many slot machines and felt tables with poker,…

Travel ・ 27 July 2022

Yogonet

Macau casinos reopen at 50% staff levels after two-week shutdown, but recovery prospects remain bleak

Macau casinos reopened Saturday after a nearly two-week shutdown mandated in an effort to stop the spread of Covid-19. However, without tourists, business was slow for the gaming venues, and analysts have estimated the closures could cost the casinos $1 billion. In response, the government said it intends to distribute $1.24 billion to those…

Covid ・ 25 July 2022

Gambling News

Macau’s Casinos & Malls, Long Recovery Road Ahead After Grand Reopening

Following the end of the most recent anti-pandemic restrictions imposed on non-essential businesses in Macau at the beginning of the month, the territory's casinos and malls are ready to receive customers once again. Unfortunately, limitations and restrictions still exist and the venues resemble ghost towns. Home to more than a dozen worldwide…

Travel ・ 25 July 2022

Gambling News

Sands China Embraces the End of the VIP Salons in Macau Casinos

Sands China is repurposing its VIP salons across its Macau properties The new change is a consequence of recent legislation that in practice eradicates junket rooms Sands China and Las Vegas Sands top executives welcome the new changes as they expect the redeployment of VIP rooms will bring more revenue Sands China has announced it is restructuring…

Covid ・ 21 July 2022

Forbes

Hong Kong Casino Stocks Slide As Macau Clamps Down On Covid Spread With Fresh Lockdown

Major Hong Kong-listed gambling stocks slumped heavily on Monday after the city of Macau shut down all of its casinos and ordered its residents to stay at home for a week, as local officials attempt to halt an ongoing Covid outbreak and closely align the city's pandemic measures with mainland China's zero-Covid policy. In afternoon trading on…

Covid ・ 11 July 2022

The Baltic Times

Five vacation spots for gamblers with the world's best casinos

A vacation is an inadequate factor in today's world as life gets harder and harder day by day. Craving for a vacation is not an uncommon thing. It's our mind's way of silently informing us of the need for relaxation and fun once in a while. As we know most folks are stuck with their daily chores and hectic workloads. Everyone needs a timeout from…

Baccarat ・ 05 July 2022

The Derrick

Nevada gambling license approved for new Sparks casino

RENO, Nev. (AP) - State regulators have approved a gambling license for the first newly constructed casino in the Reno-Sparks area more than two decades. The Nevada Gaming Commission voted Thursday to approve the license sought by Las Vegas-based Olympia Gaming for the Legends Bay Casino in Sparks. For copyright information, check with the…

Law ・ 24 June 2022

High Stakes

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

The net debt of six casinos in Macau is expected to reach $25 billion by the end of the year and rise to $27 billion by 2024. Since the COVID -forced lockdown peaked, China's strict travel bans have hampered Macau's economic recovery, resulting in challenging times for several firms. Morgan Stanley's projections came up with $25 billion, noting a…

Covid ・ 22 June 2022

Gambling News

Macau Casino Stocks Fall as COVID Cases Boom

The biggest COVID outbreak to date in Macau, which means new restrictions, social distancing, and a huge amount of testing, resulted in falling casino stocks on June 20. The cases are not that many, amounting to a total of 36, and the casinos are still open but the closure of public services, parks, schools, and many businesses has prompted…

Covid ・ 21 June 2022

Taipei Times

COVID-19: Stocks in Macau casinos fall as virus restrictions kick in

Macau casino stocks yesterday slumped as the Chinese gaming hub battled a COVID-19 outbreak, which has prompted tightened social distancing restrictions and mass testing. The sector has been hammered by the COVID-19 pandemic, with vital tourism revenues wiped out by some of the world's harshest measures to tackle the virus - including tough border…

Covid ・ 20 June 2022

Reuters

Macau shuts most businesses amid COVID outbreak, casinos stay open

HONG KONG, June 20 (Reuters) - The world's biggest gambling hub Macau began its second day of mass COVID-19 testing on Monday after dozens of locally transmitted cases were discovered over the weekend, with most businesses shut but casinos remaining open. The testing of Macau's roughly 600000 residents is expected to end on Tuesday as the…

Covid ・ 20 June 2022

Asia News

THAILAND Green light for casinos

The idea first emerged in December, but several civil society groups oppose it. A special committee is called to report on the economic benefits and social repercussions of casinos. Domestic and international developments, such as Macau's crisis, could help the initiative. Bangkok (AsiaNews) - Last December, the Thai government announced that it…

Religion ・ 13 June 2022

The Nevada Independent

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

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Five Southern Nevada casinos that never…

Lottery ・ 08 June 2022

World Casino News

Annual aggregated gross gaming revenues rethink in Macau

In Macau and the government of Chief Executive Ho Iat Seng (pictured) has reportedly announced that it will be officially lowering the enclave's predicted aggregated gross gaming revenue tally for the entirety of 2022. According to a report from Inside Asian Gaming, the former Portuguese territory had earlier forecast that its aggregated gross…

Finance ・ 06 June 2022

Vegas Slots Online

Six Macau Casinos Facing $25bn Debt by the End of 2022

Six Macau casinos are looking at $25bn in combined debt if China's travel restrictions aren't eased. [Image: Shutterstock.com] Six casinos in Macau are facing $25bn net debt by the end of the year and $27bn by 2024. China's stringent travel restrictions have slowed Macau's economic recovery since the height of the COVID-induced lockdown, leading to…

Covid ・ 24 May 2022

Asia Times

Policy changes make Macau’s casinos a risky bet

Casino operators in Macau, once the world's largest gambling center, are facing serious challenges due to Beijing's decisions to tighten travel rules and clamp down on junkets. Macau's Court of Final Appeal on Monday ruled that operators and junkets organizers were jointly liable for client deposits in nine cases filed by VIP gamblers, who demanded…

Covid ・ 18 May 2022

Yogonet

Macau officials exploring tax cut, relaxed "satellite casinos" requirements in new gaming law draft

Macau is considering the introduction of a tax cut and revised conditions for "satellite casinos" as the city's gaming industry -the world's largest gambling hub in pre-pandemic years- continues to struggle amid the ongoing impact of Covid-19. The possibility comes as casino revenue plunged to an 18-month low in April. According to Bloomberg, the…

Finance ・ 17 May 2022

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 and now, it has been revealed that the government of this special administrative region will have the power to alter the minimum required GGR that concessionaires need to reach based on economic conditions. Apart from the changes in the GGR, Macau is also…

Covid ・ 17 May 2022

Gambling News

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

David Tepper, the owner of the Carolina Panthers, expanded the equity portfolio of Appaloosa Management, his personal hedge fund. The NFL franchise owner invested in two gambling companies, namely Las Vegas Sands and Wynn Resorts. Tepper's investments in Sands and Wynn Resorts were the only new equity additions to Appaloosa Management in Q1. The…

Travel ・ 17 May 2022

The Motley Fool

Why Casino Stocks Soared This Week to Beat Out the Stock Market

Las Vegas Sands (LVS 15.06%) and Wynn Resorts (WYNN 13.17%) finished the week in the black, according to data from S&P Global Market Intelligence, while Caesars Entertainment (CZR 10.36%) erased most of a large deficit after Shanghai officials announced they will end weeks of strict lockdowns and attempt to reopen again in a few days. Sands ended…

Finance ・ 14 May 2022

Spieltimes

How to Choose the Best-Rated Chinese Online Casinos

Although online gambling across Mainland China is illegal, residents of Macau can access gambling sites freely. The truth is that even gamblers from Mainland China always find ways around the restriction to access online gambling sites. By using VPNs, digital payment platforms, and other underground banking networks, the Chinese always have their…

Strategy Guide ・ 06 May 2022

World Casino News

Macau casinos experienced an April slump

The over 40 casinos in Macau reportedly saw their aggregated gross gaming revenues for April decline by over 68% year-on-year to hit a 19-month low of just over $331.19 million. According to a report from GGRAsia citing official information from the enclave's Gaming Inspection and Coordination Bureau regulator, the disappointing result equated to a…

Travel ・ 02 May 2022

Tech Buzz Ireland

Where Is It Legal For Online Gambling In 2022

Gambling has always been around for an extended period, and it has become a popular pastime for many. In the early days, gambling was outlawed, and people practised it illegally. Nevada goes into history as the first state to legalise gambling in 1931 to curb the economic repercussions brought about by the great depression. Other countries followed…

Gaming Authorities ・ 26 April 2022

The Nevada Independent

Indy Gaming: Aristocrat Americas president sees convergence with online and casinos

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Tom O'Brien returned to Aristocrat…

Sports ・ 06 April 2022

Times Of Casino

The most popular baccarat variations available

You might not be aware of the multiple variations of baccarat games available online, and the perception of what'true' baccarat is differs from person to person. Although the list of baccarat variations below may seem somewhat extensive, the reality is that most of these games are similar in their core game mechanics. Instead, there are some subtle…

Baccarat ・ 05 April 2022

Vegas Slots Online

Why Are Macau Casinos Struggling in Pandemic Recovery?

Commenting in August 2020, analysts from investment bank JP Morgan predicted that the Macau gambling market would begin its road to recovery from the COVID-19 pandemic in mid-August that year. They estimated that casinos would recuperate 2019 levels of gross gaming revenue (GGR) by Q32021, pointing to the easing of travel restrictions and an…

Covid ・ 03 April 2022

The Islander

Star gambler's China bank card paid debt

A Chinese-born Australian property developer who gambled at Star casino for more than 20 years bought chips with the same Chinese bank cards an inquiry has heard were being used to conceal gambling expenses. Speaking through an interpreter, Phillip Dong Fang Lee told the hearing on Monday he'd held diamond membership at The Star, the highest…

Gaming Authorities ・ 21 March 2022

Telegraph Star

7 Surprising Stats about Gambling Industry

Casino gambling is one of the most popular hobbies that people from all around the world have. Gamblers are people of all walks of life. The fact that there are so many gamblers from all around the world, as well as the fact that there are thousands of casino games means that the online gambling industry is thriving like never before. The casino…

Industry ・ 18 March 2022

European Gaming

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

Macau casino stock prices declined again as mainland China extended its countermeasures against a rise in Covid-19 cases. Wynn Macau's shares fell 15%, Sands China's 13% and Galaxy Entertainment and SJM Holdings by about 12 %. The drop in casino operators' share prices comes after China imposed a week-long lockdown in Macau's two neighbouring…

Covid ・ 18 March 2022

World Casino News

Commitment concerns for Macau casino operators

The combined net debt of the six licensed casino operators in Macau has reportedly quadrupled since the start of the coronavirus pandemic in late-2019 to currently stand at more than $20 billion. According to a report from Inside Asian Gaming, this potentially worrying news was unveiled by global brokerage and investments firm Morgan Stanley…

Travel ・ 17 March 2022

Vegas Slots Online

Star Hid AU$900m in Gambling Transactions From Banks

The Star allegedly lied to banks and categorized AU$900m (US$660.5m) worth of gambling transactions as hotel expenses. [Image: Shutterstock.com] The Star Entertainment Group allegedly hid AU$900m (US$660.5m) worth of Chinese gambling transactions from banks, an inquiry into the Australian casino company has heard. The operator disguised the money…

Gaming Authorities ・ 17 March 2022

World Casino News

Macau casino firms experience second share slump

For the second consecutive weekend and the aggregated value of shares in the six-strong club of licensed Macau casino operators has reportedly dropped significantly owing to a number of factors including the ongoing presence of coronavirus. According to a report from Inside Asian Gaming, the combined market cap of the Hong Kong-listed sextuplet…

Covid ・ 15 March 2022

Vegas Slots Online

Macau Casino Shares Fall as COVID-19 Ravages China

Shares for three of Macau's major casino operators fell an average of 9.4% with the introduction of new quarantine rules for travelers from mainland China. [Image: Shutterstock.com] Shares for three of Macau's six casino giants have plummeted an average of 9.4% after the Hong Kong government applied tighter quarantine rules for travelers in…

Covid ・ 14 March 2022

Vegas Slots Online

Macau Extends Casino Operator Licenses Until December

The six casino companies currently operating in Macau have gotten six-month extensions to their licenses. Macau's Economy and Finance Secretary Lei Wai Nong announced the decision on Thursday. Each of the six licenses was due to expire on June 26. The new expiration date is December 31, allowing additional time to conduct a rebidding process. A…

Covid ・ 03 March 2022

Casino Guru

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

According to a Monday note from Sanford C. Bernstein Ltd., Macau's gross gaming revenue (GGR) for the first 20 days of February was only 35% of that in February 2019. This period includes the Chinese New Year (CNY) holiday, which had seen a significant uptick in activity. In 2019, the CNY was on February 5. It was a busy time for Macau's casinos.…

Covid ・ 22 February 2022

World Casino News

Macau casinos pay MOP$33.91 billion in taxes for 2021

The Financial Services Bureau in Macau has announced the tax payments from the gaming industry for 2021. Last year, a total of MOP$33.91 billion ($4.22 billion) was paid by operators. This is an increase of 13.8% when compared to the MOP$29.81 billion ($3.73 billion) paid in 2020. While the amount is an increase from the previous year, it is a…

Finance ・ 22 February 2022

Global News

B.C. casinos used foreign high rollers as money-laundering ‘pawns,’ inquiry hears

In 2012, an RCMP investigation reported that Richmond's River Rock Casino and New Westminster's Starlight Casino "are a very significant source of money-laundering activity, using wealthy People's Republic of China gamblers as willing pawns in their activity." The confidential RCMP document that makes this explosive allegation - which has not…

Lottery ・ 21 February 2022

VOA

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

For many serious patrons of casinos, Chinese-ruled Macao has been the mecca of gaming, with high-end shopping and even higher-stakes tables. One of the world's biggest gambling centers before the COVID-19 closures, Macao is now experiencing tougher scrutiny on its casino scene as part of what analysts describe as an effort to control crime and…

Covid ・ 19 February 2022

Yogonet

US casino workers union calls for federal probe into Macau's junket SunCity's link with US casinos

The International Union of Operating Engineers Local 501, which represents over 2000 members working in Las Vegas casinos, on Tuesday called for a coordinated U.S. federal investigation into Macau's largest gambling junket operator SunCity Group and its historical relationships with U.S. gaming companies. In separate letters to the U.S. Justice…

Politics ・ 11 February 2022

Macau Business

Las Vegas casino worker union calls for US federal investigation on gaming operators’ former ties with Suncity

A Las Vegas casino workers union has called for a coordinated US federal investigation into former junket operator Suncity and its former business ties with US-linked gaming companies. The public statement was issued by the International Union of Operating Engineers, Local 501, which represents over 2000 members, primarily construction workers who…

Land-based ・ 09 February 2022