#SAR Government

Yogonet

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

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

Industry ・ 23 November 2023

Gambling News

Macau Police Busts Illegal Gambling Scheme and Arrests 15 People

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

Incidents ・ 15 January 2023

Review Journal

Three Las Vegas companies receive Macau licensing extensions

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

Industry ・ 20 December 2022

Market Screener

Towards New Horizons: Galaxy Casino, S.A. Awarded New Concession for Operation of Casino Games of Fortune

Towards New Horizons: Galaxy Casino, S.A. Awarded New Concession for Operation of Casino Games of Fortune Macau, Special Administrative Region of the People's Republic of China, (December 17, 2022) - Galaxy Entertainment Group (GEG) is pleased to announce that Galaxy Casino, S.A., a member of GEG, has been awarded a concession for operation of…

Travel ・ 18 December 2022

Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.

Casino Guru

Macau concessionaires receive casino license extension

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

Travel ・ 30 November 2022

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

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

Macau Business

Hold the wrong end of the stick

António Lobo Vilela is a lawyer based in Macau and the author of the Macau Gaming Law Book (www.macaugaminglaw.com) Having participated in the drafting of the Macau Gaming Law (currently in force) and the concession and subconcession contracts, I was asked about the legal basis for the existence of third-party promoted casinos (also known as…

Law ・ 09 June 2022

RELATED LOCATIONS

Country

Macau

Country

China

Country

USA

Casino Guru

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

Macau is tightening the noose on casino regulations in the special administrative region (SAR) as a new rule would now require casino licensees to make sure that they disclose any major financial decision they make to the government. In fact, the SAR government would expect the chief executive to be informed about any significant financial moves…

Law ・ 16 March 2022

Asgam

Uncertainty abounds over Macau gaming law provision for GGR-based cap on table games, slot machines

Publication of the government's draft bill on amendments to Gaming Law 16/2001 this week provided some much-needed clarity around what will be expected of concessionaires under a re-tender for casino licenses - but not all questions have been answered. A formal cap on the number of both gaming tables and slot machines that each concessionaire will…

Law ・ 20 January 2022

Asgam

SJM confirms reopening of Casino Oceanus

SJM Resorts has confirmed the reopening of Casino Oceanus - located near the ferry terminal on the Macau peninsula - on 9 October following a thorough cleaning and inspection by the Health Bureau. Casino Oceanus was, although SJM said at the time that the gaming areas in the connecting Jai Alai building and Hotel Jai Alai remained open for…

Covid ・ 11 October 2021

Asgam

SJM confirms casino table, machine limits for opening day

SJM Holdings says it has been authorized by Macau's gaming regulator, the Gaming Inspection and Coordination Bureau (DICJ) to request the transfer of additional gaming tables from its other properties as the company prepares for the launch its HK$39 billion (US$5 billion) Cotai integrated resort Grand Lisboa Palace today. As reported by Inside…

Travel ・ 29 July 2021

RELATED CATEGORIES

Category

Industry

Category

Travel

Category

Law

Category

Covid