#SJM Holdings Limited

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Minimum mandated marks established in Macau

As part of new casino concessionaire licensing legislation and the government of Macau has reportedly set minimum gross slot and gaming table revenue requirements in hopes of being able to better guarantee its annual tax receipts. According to a Friday report from Inside Asian Gaming, the move detailed by the Chief Executive for the former…
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Global Gambling Market Report 2022: Market to Reach $876 Billion by 2026

The "Gambling - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Gambling Market to Reach $876 Billion by 2026 The global market for Gambling estimated at US$747.9 Billion in year 2022, is projected to reach a revised size of US$876 Billion by 2026, growing at a CAGR of 3.6% over the analysis…
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Global Gambling Market Report 2022: Market to Reach $876 Billion by 2026
World Casino News

Unexpected runner enters the Macau casino licensing race

In Macau and a company linked to the boss of prominent Asian gambling operator Genting Malaysia Berhad has reportedly applied for one of the enclave's coming ten-year casino licenses. According to a report from Inside Asian Gaming, Macau is home to almost 40 casinos run by a sextuplet that encompasses MGM China Holdings Limited, Wynn Macau…
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Unexpected runner enters the Macau casino licensing race
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World Casino News

Macau licensing move for Wynn Macau Limited

Asian casino operator Wynn Macau Limited has reportedly applied for a new ten-year license that would give it official permission to continue offering gambling entertainment at its pair of Macau properties until the end of 2033. According to a report from Inside Asian Gaming, the firm majority-owned by American casino operator Wynn Resorts…
Law
Macau licensing move for Wynn Macau Limited
World Casino News

Double casino tender launch in Portugal

In Portugal and the Servicos de Regulacao e Inspecao de Jogos (SRIJ) gaming regulator has reportedly announced the official launch of an international tendering process for the licenses to operate two of the country's most prominent casinos. According to a Tuesday report from a source, the move comes as the current licenses for the venues situated…
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Double casino tender launch in Portugal
World Casino News

Determined departure for Macau Legend Development Limited

In Macau and local gambling and hotel operator Macau Legend Development Limited has reportedly announced that it has ceased being responsible for the casinos within the 223-room Legend Palace Hotel and smaller Babylon Casino Macau developments. According to a report from GGRAsia, the Hong Kong-listed firm had offered gaming within both of these…
Covid
Determined departure for Macau Legend Development Limited
World Casino News

Profitable period for Macau Slot Company Limited

In Macau and the enclave's long-time retail sportsbetting operator, Macau Slot Company Limited, has reportedly announced that its profit for the whole of 2021 grew by 31.8% year-on-year to top $15.7 million. According to a report from Inside Asian Gaming citing figures published in the Official Gazette, the enterprise also chalked up a swell of…
Sports
Profitable period for Macau Slot Company Limited
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Coronavirus consternation for Macau casinos

The large collection of casinos in the Asian city of Macau reportedly saw their aggregated gross gaming revenues for June plummet by over 62% year-on-year to hit a 21-month low of just over $306.47 million. According to a Friday report from Inside Asian Gaming citing official information from the enclave's Gaming Inspection and Coordination Bureau…
Covid
Coronavirus consternation for Macau casinos
World Casino News

Macau ‘satellite’ casinos facing an uncertain future

In Macau and Economy and Finance Secretary Lei Wai Nong (pictured) has reportedly announced that some local'satellite' casino enterprises have officially applied for permission to'adjust their operations' in anticipation of coming regulatory changes. According to a report from Inside Asian Gaming, the legislator declared that a'small number' of…
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Macau ‘satellite’ casinos facing an uncertain future
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
Annual aggregated gross gaming revenues rethink in Macau
World Casino News

Arrears warning for Macau gambling market

Global brokerage and investments firm Morgan Stanley has reportedly warned that the combined debt of the six licensed casino operators in Macau could exceed $25 billion by the end of the year owing to China's ongoing strict travel restrictions. According to a report from Inside Asian Gaming, the New York-headquartered financial services giant also…
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Arrears warning for Macau gambling market
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China visa crackdown to impact Macau gambling market

Global investment bank Credit Suisse Group AG has reportedly warned that Macau could see its aggregated gross gaming revenues crash by as much as 20% this year owing to China's burgeoning crackdown on granting visas to frequent gamblers. According to a Tuesday report from Asia Gaming Brief, the mainland's National Immigration Administration…
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China visa crackdown to impact Macau gambling market
World Casino News

Macau’s draft gaming bill is taking shape

In Macau and legislators are reportedly preparing to chuck out a provision within the under-consideration draft gaming bill that would prevent anyone with more than a 5% shareholding in a local casino operator from investing with any rival firm. According to a report from GGRAsia, this possible concession was revealed by local legislator Chan Chak…
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Macau’s draft gaming bill is taking shape
World Casino News

Tax reduction possibility for Macau casino firms

American investment bank JPMorgan Chase and Company has reportedly forecast that the over 40 casinos in Macau could boost their earnings by up to 15% a year should the local government decide to decrease the rate of its gross gaming revenues tax. According to a report from GGRAsia, this estimate comes as the enclave's Legislative Assembly is…
Finance
Tax reduction possibility for Macau casino firms
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…
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Macau casinos experienced an April slump
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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…
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Commitment concerns for Macau casino operators
World Casino News

Static situation for Macau casino firms

The six licensed land-based casino operators in Macau are to reportedly not be asked to pay any more tax under the provisions of the draft gaming bill currently being considered by legislators. According to a report from Asia Gaming Brief, this revelation came from local legislator Andrew Chan Chak Mo during a Tuesday briefing that was also…
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Static situation for Macau casino firms
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
Macau casino firms experience second share slump
World Casino News

Macau licenses only 46 casino junkets for 2022

In Macau and the Gaming Inspection and Coordination Bureau regulator has reportedly licensed just 46 casino junket firms for 2022 at the same time as officials in neighboring China are continuing their crackdown against cross-border gambling. According to a report from inside Asian Gaming, this is the first instance since the watchdog began issuing…
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Macau licenses only 46 casino junkets for 2022
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World Casino News

Potential annual gaming revenue targets for Macau casinos

As part of its upcoming licensing of six new casino concessionaires and the government of Macau could reportedly soon oblige operators to commit to hitting minimum annual gross gaming revenue targets. According to a report from GGRAsia, draft legislation currently being considered in the former Portuguese enclave may feature a clause that would tie…
Finance
Potential annual gaming revenue targets for Macau casinos
World Casino News

Fitch Ratings Incorporated warning for trio of Macau casino giants

Prominent credit ratings agency Fitch Ratings Incorporated has reportedly assigned a trio of firms behind some of the largest casinos in Macau with a'ratings watch negative' appraisals largely due to ongoing'regulatory uncertainty'. According to a report from GGRAsia, the move from the New York-headquartered firm involving SJM Holdings Limited, Las…
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Fitch Ratings Incorporated warning for trio of Macau casino giants
World Casino News

Two-jab mandate for Macau casino employees

The firms behind the 41 casinos in Macau have reportedly upped their campaigns against coronavirus by comprehensively implementing new rules that require employees to be fully vaccinated or present weekly negative viral diagnostic tests. According to a report from Inside Asian Gaming, the new regime has been implemented by operators Sands China…
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Two-jab mandate for Macau casino employees
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Casino Oceanus closed for disinfection, Sands Macao to remain open

Casino Oceanus at Jai Alai will be closed temporarily for disinfection works after a recent confirmed Covid-19 case was found to have been in the casino for several hours, health authorities announced today (Tuesday). The 72nd confirmed Covid-19 case reported in Macau, a mainland Chinese worker who stayed in three local hotels during his time in…
Covid
Casino Oceanus closed for disinfection, Sands Macao to remain open
World Casino News

Clarification on new gambling laws sought in Macau

In Macau and representatives from some of the city's junket firms reportedly joined casino executives at a meeting on Monday in hopes of getting more details on proposed regulatory changes. According to a Tuesday report from the Reuters news service, the 70-minute gathering called by the local Gaming Inspection and Coordination Bureau regulator was…
Law
Clarification on new gambling laws sought in Macau
World Casino News

Downsized July casino tax tally for Macau

The over 40 casinos in Macau reportedly contributed just over $319.63 million in aggregated gaming taxes for July as they continued to be negatively affected by the impacts of the ongoing coronavirus pandemic. According to a report from Inside Asian Gaming citing official information from the enclave's Financial Services Bureau, the final tally…
Finance
Downsized July casino tax tally for Macau
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Macau's operator SJM sees revenues, earnings up in H1 driven by "cautious" tourism return

JM Holdings announced 2021 first half results on August 3. The group's gross gaming revenue for the six months ended 30 June 2021 reached HK$5.51 billion (US$708.5 million), up from HK$4.89 billion (US$628.8 million) in the year-earlier period, marking a 12.5% increase. Adjusted EBITDA improved by 48.2% to a negative HK$510 million (US$65.6…
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