Mass-Market Gaming the Big Winner in Macau in 4Q2021

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Asgam

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

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

Baccarat ・ 05 May 2023

GGRAsia

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

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

Industry ・ 17 April 2023

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

GGRAsia

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

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

Baccarat ・ 01 November 2022

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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

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

Will Las Vegas Sands Stock Climb The Ladder Again?

The shares of Las Vegas Sands (NYSE: LVS) and Penn National Gaming (NASDAQ: PENN) have observed a deep contraction after observing a strong rally in Q12021. Anticipation of increased regulatory oversight in Macau was the key cause of pessimism in Las Vegas Sands stock, but geopolitical tensions, skyrocketing inflation, and China's adherence to a…

Finance ・ 27 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

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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

Yogonet

Macau's casino GGR grows 43.7% in 2021; marks nearly a third of pre-pandemic numbers

According to data released by the Gaming Inspection and Coordination Bureau (DICJ), Macau's casinos secured MOP 7.96 million (USD 990.9M) in December, which accounts for a 1.8% increase in a year-over-year comparison. The full-year tally went up by 43.7% to MOP 86.8 billion (USD10.8B). The overall revenue for 2021 accounts for 29.5% of pre-pandemic…

Covid ・ 16 February 2022

Macau Business

Police arrest two in illegal gambling crackdown, Tak Chun boss Levo Chan among detained

The Judiciary Police (PJ) announced today (Sunday) two people in the junket sector were arrested on Friday for alleged crimes of engaging in illegal gambling activities, running a crime syndicate and money laundering. The authorities did not identify the two suspects, only referring to them as two Macau male residents - one surnamed Chan and aged…

Law ・ 30 January 2022

GGRAsia

Mass market play record 74pct Macau GGR in 4Q: govt

Mass-market games including slot machines provided 74.3 percent of all Macau's casino gross gaming revenue (GGR) in the fourth quarter of 2021, at nearly MOP14.18 billion (US$1.77 billion), according to data released on Monday by the city's casino regulator, the Gaming Inspection and Coordination Bureau. The contribution of the mass segment was a…

Travel ・ 18 January 2022

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GGRAsia

Junkets to find players beyond China: Clark casino boss

VIP gaming promoters, and in particular the ones based in Macau, will "find a way" to serve high-value customers from outside mainland China, says the boss of the newly-revamped Hann Casino Resort in Clark, in the Philippines. "I think junket operators in Macau will find a way to spread out in different jurisdictions" serving players other than…

Covid ・ 10 January 2022

Gambling News

Wynn Macau and Melco Resorts Severed Ties with Junkets

Two of the six casino licensees in Macau, Wynn Macau and Melco Resorts, confirmed to have completely cut their ties with junket operators, an article in GGRAsia revealed. The junket sector has been seriously hit after the arrest of Suncity chief executive officer Alvin Chao last month when analysts predicted the detention and the shutdown of…

Travel ・ 29 December 2021

Yogonet

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

Casinos in Macau, the world's biggest gaming hub, now face uncertainty amid COVID-19 restrictions and an ongoing Chinese government crackdown on the profitable junket business. The enclave, which heavily relied on this market -by arranging transportation, accommodation and credit to gamble for VIP clients-, now looks to everyday gamblers for relief…

Finance ・ 24 December 2021

Reuters

Macau's casinos pin hopes on everyday gamblers after junket shutdowns

HONG KONG, Dec 21 (Reuters) - Macau's casinos face a bleak short-term outlook after shutting most of their lucrative gaming rooms catering to wealthy gamblers and as COVID-19 travel restrictions prevent the shift to mass-market customers that they will depend on in the future. The former Portuguese colony that is the world's biggest gambling hub in…

Covid ・ 21 December 2021

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GGRAsia

Gaming staff jobs not affected by junket rooms pause: govt

The Macau government has said that jobs of staff working in junket-promoted VIP rooms in the city could not be affected by the suspension of these venues, as those workers are contractually linked to the casino operators. In a joint statement on Wednesday, the Gaming Inspection and Coordination Bureau and the Labour Affairs Bureau said that…

Jobs ・ 09 December 2021

Gambling Insider

Macau casino revenues under threat as junket-operated VIP rooms to close

Several casinos in Macau have reported they are to close VIP rooms run by junket operators, in news that will come as a blow to the local gambling industry. Wynn Macau, an operator with two casinos in Macau, and Melco Resorts & Entertainment, which owns three, have announced their intention to close these VIP rooms by the end of December. The news,…

Finance ・ 07 December 2021

Gambling News

Macau Confirms Closure of Suncity VIP Rooms in the City

Macau's gaming regulator has confirmed Wednesday night that all VIP gaming rooms operated by Suncity Group, a junket operator in Macau, have been closed. Alvin Chau, the now-former head of the junket operator, was arrested on Saturday for allegedly organizing illegal gambling, including online gambling, via the Philippines, China, and other…

Jobs ・ 03 December 2021

New Jersey Online Gambling

Junket Operator's Arrest Drives Macau Casino Stocks Down

Macau casino stocks tanked this week after the arrest of 11 junket operators. Alvin Chau, Suncity Group Holdings' CEO, was among those detained. The region's casino stocks were already struggling due to new virus concerns, but the specter of more regulatory crackdowns pushed them lower still. During the'08-'09 financial crisis, Macau casino stocks…

Finance ・ 01 December 2021

Market Screener

Arrest of Macau's 'junket mogul' rattles the world's largest gambling hub

Alvin Chau, the CEO of gambling group Suncity Group Holdings Ltd, is the founder of the biggest of Macau's junket operators - outfits that bring in high rollers to play at casinos. He was arrested on Sunday by Macau authorities over alleged links to cross-border gambling. A warrant for his arrest has also been issued in China. Analysts say his…

Incidents ・ 01 December 2021

World Casino News

Third-quarter VIP baccarat receipts tumble in Macau

The 41 casinos in Macau reportedly saw the share of aggregated third-quarter gross gaming revenues they amassed from VIP baccarat players decrease by some 16.4% year-on-year to just over $737.7 million. According to a report from Inside Asian Gaming citing official information from the Gaming Inspection and Coordination Bureau regulator, this drop…

Baccarat ・ 19 October 2021

GGRAsia

Mass GGR over 68pct of 3Q Macau casino revenue: govt

Macau's mass-market gross gaming revenue (GGR) in the third quarter of 2021 reached nearly MOP12.81 billion (US$1.60 billion), accounting for 68.2 percent of the city's aggregate casino GGR in the period. The mass-market GGR figure - including slot machine revenue - represented a decline of 24.1 percent from the second quarter, according to data…

Finance ・ 19 October 2021

GGRAsia

Macau mass GGR two-thirds of 2Q casino revenue: govt

Macau's mass-market gross gaming revenue (GGR) in the second quarter of 2021 reached nearly MOP16.88 billion (US$2.11 billion), accounting for 66.5 percent of the city's aggregate casino GGR in the period. The figure - including slot machine revenue - represented an increase of 16.3 percent from the first three months of 2021, according to data…

Finance ・ 19 July 2021

GGRAsia

Macau casino 1Q EBITDA softer sequentially: MS

Banking group Morgan Stanley expects Macau casino industry earnings before interest, taxation, depreciation and amortisation (EBITDA) to have fallen sequentially in the first quarter, despite an increase in gross gaming revenue (GGR) in the period. The Macau industry was likely to report in the upcoming earnings season total "corporate EBITDA of…

Finance ・ 12 April 2021