#Special Administrative Region

Luxury Lifestyle Magazine

Is Las Vegas still the ultimate luxury casino destination in 2024?

The bright lights, opulent casino resorts and all round excesses of Las vegas have been attracting high-rollers and thrill-seekers from across the globe for decades, and for most, Sin City remains the unequivocal casino capital of the world. But despite being home to iconic casinos like the Bellagio and the MGM Grand, Asian gambling hotspot Macao…

Travel ・ 17 days

theregister.com

Illegal online casinos spread crypto-crime across Asia

Global crime networks have set up shop in autonomous territories run by armed gangs across Southeast Asia, and are using them to host physical and online casinos that, in concert with crypto exchanges, have led to an explosion of money laundering, cyberfraud, and cybercrime across the region and beyond. The scenario above was outlined on Monday by…

Incidents ・ 16 January 2024

OCNJ Daily

4 of the Most Luxurious Casino Destinations in the World

Visiting one of the most luxurious casino destinations in the world might be on the bucket list for people that enjoy gambling. It is easy to see why, large elegant rooms where you can indulge in the best online casino gambling, exquisite food as well as stunning hotel rooms to stay in overnight. The experience provided by these destinations can…

Land-based ・ 12 January 2024

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

Wild Casino

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iGaming Business

Studio City Casino records first post-Covid operating profit in Q3

Studio City International Holdings, the Melco-operated integrated resort's owner, saw a year-on-year lift in takings in part thanks to the opening of Studio City Phase 2 in April. New features include the Studio City Indoor Water Park and a new hotel construction called Epic Tower. Furthermore, entertainment and tourism revenues have surged across…

Finance ・ 07 November 2023

Review Journal

Macao regulators release July gaming revenue results

Macao casinos had their best month of 2023, one year after having their worst month of 2022. Macao's Gaming Inspection and Coordination Bureau on Tuesday reported gross gaming revenue of $2.075 billion (U.S), the most won in the special administrative region since January 2020. By comparison, the state of Nevada last week reported gaming win of…

Finance ・ 02 August 2023

Q Costa Rica

Student Travel Guide: Exploring Top Casino Destinations Around the World

Renowned for their dazzling entertainment, remarkable architecture, and the exhilarating thrill of games, casinos are much more than just gambling hubs; they are cultural landmarks. As a student, you may wonder what makes these destinations a must-see. Embarking on this journey, you'll encounter the intersection of history, culture, and technology,…

Land-based ・ 06 July 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

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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

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

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

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Recent Slot Releases

Macau Casinos Pledge to Invest $15 Billion

Macau's six casino operators pledged to invest nearly $15 billion as part of new 10-year contracts they signed to operate in the world's biggest gambling hub, with the spending on non-gaming activities to exceed gaming spend by more than 10 times. The signing of the contracts eases fears of investors and executives after a lengthy bidding process…

Travel ・ 21 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

World Casino News

Six Macau casino operators receive official gaming licenses from the Macau government

Today, six incumbent casino operators in Macau signed a productive 10-year gaming contracts with the Macau government and received gaming licenses to operate in the world's largest gambling city. Signing by rank: Six casino operators signed the contract according to their rank in the recent tender process: MGM Grand Paradise, Galaxy…

Industry ・ 17 December 2022

Review Journal

Las Vegas Sands, Wynn Resorts, MGM Resorts named Macao’s gaming concession winners

Three Las Vegas-based companies got a welcome boost Saturday when the Macao government announced they had been granted provisional approval to continue operating casinos in the Chinese enclave for the next 10 years. Macao's special administrative region government announced Saturday that MGM Resorts, Las Vegas Sands, Wynn Resorts along with three…

Travel ・ 13 December 2022

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Luxury Lifestyle Magazine

The best luxury casinos in the world to visit in 2023

From the bright lights of Vegas to the opulence of Monaco, the world is the high-roller's oyster when it comes to seeking out the very best luxury casinos on offer in 2023, and when money is no object, jet-setting across the globe to experience them all first-hand is the casino-lover's dream come true. But while destinations like Sin City and Monte…

Land-based ・ 06 December 2022

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

World Casino News

Wynn Macau leads gains in Macau casino stocks after license approval

Wynn Macau led an improvement of Macau gaming stocks on Monday, November 28th in Hong Kong, following the city's government announcement over the weekend that its six current casino operators will acquire new licenses to operate in the largest gambling center in the world from January. Continued stability for Macau operators: Shares of Wynn Macau…

Finance ・ 30 November 2022

Gambling News

Hong Kong Influencers Arrested for Promoting Gambling Websites

Seven Hong Kong influencers have been arrested by the police and are facing up to seven years in prison for promoting gambling websites online. South China Morning Post reported that the Hong Kong police have arrested seven women because they are suspected of advertising gambling websites on their social media channels. Among them is the…

Incidents ・ 30 November 2022

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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

Vegas Slots Online

Casino Tycoon Tilman Fertitta Buys 6% of Wynn Resorts

Casino tycoon Tilman Fertitta has acquired 6% of Wynn Resorts. A Securities and Exchange Commission (SEC) filing made public over the weekend revealed that the Golden Nugget casino chain owner bought 6.9 million shares in Wynn Resorts on October 19. There were no details regarding the price Fertitta paid for the stake. Any time an individual…

Travel ・ 01 November 2022

CoinGeek

Macau advances digital currency acceptance, but will casinos accept?

Macau is pressing ahead with plans to recognize digital currency as legal tender, offering the possibility that China's digital yuan might one day be accepted in the world's largest gambling hub. Last week, Macau's Executive Council (ExCo) reviewed the latest draft of its Legal Regime for the Creation and Issuance of Money, which addresses what is…

Crypto ・ 22 October 2022

The Motley Fool

Why Las Vegas Sands Stock Jumped Higher Earlier Today

Las Vegas Sands (LVS 3.94%) were up 12.4% as of 1:05 p.m. ET on Monday. The jump followed positive news over the weekend about the return of tourism in China's Macau Special Administrative Region, where Las Vegas Sands has invested over $15 billion for future growth. Other casino stocks were also rising on the news, with Wynn Resorts up 12.8% at…

Travel ・ 22 October 2022

Review Journal

Macao travel restrictions continue to pummel Las Vegas Sands

Travel restrictions in Macao continued to drag on Las Vegas Sands Corp. earnings, but resiliency in Singapore had company officials feeling optimistic as they reported their third quarter results on Wednesday. The company reported a net loss of $239 million, 31 cents a share, on revenue of $1 billion for the quarter that ended Sept. 30. A year…

Travel ・ 21 October 2022

Casino Guru

Las Vegas Sands posts third-quarter results

Global gaming, hospitality and entertainment giant Las Vegas Sands has revealed its financial results for the three-month period ended on September 30, 2021. Company CEO and chairman Robert G. Goldstein confirmed that the Las Vegas Sands faced a challenging quarter which was marked by the lasting impact from previous reporting…

Strategy Guide ・ 21 October 2022

FTN News

The Top Holiday Destinations for People Who Love The Casino

Many of us enjoy a cheeky trip away to escape and leave the daily grind and hustle and bustle behind us. Some of us enjoy adventure trips, others like to relax - there's one traveller who has a specific activity in mind: the casino player. Whilst some casino players enjoy playing on the best Canadian casino sites, The thrill of actually stepping…

Blackjack ・ 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

Casino Guru

Suncity may have helped customers register online gambling accounts

The fall of Suncity Group, a junket operator running in Macau, was one of the most debilitating enforcement actions against the regulated gambling industry in the special administrative region. Much of this may have been deserved, as the defendants in the trial have given various accounts, some of which could point to the company coloring around…

Travel ・ 01 October 2022

Reuters

Analysis: Genting aims to upend Macau casino landscape in bidding war

HONG KONG, Sept 30 (Reuters) - Malaysian group Genting has emerged as a strong contender to unseat an incumbent Macau casino operator for a new license, analysts and executives say, unleashing possibly the biggest shakeup in the world's largest gambling hub in over two decades. Only six slots will be available for the seven applicants, Macau's…

Covid ・ 30 September 2022

Asia Financial

Macau Casino Shares Soar as China Allows Tour Groups to Return

Macau casino operators shot up to 13% on Monday after the city's leader gave some long overdue good news. Macau chief executive Ho Iat Seng said on Saturday that China would resume an internet visa scheme for travellers from the mainland and permit group tours. This was music to the ears of casino operators, who have suffered nearly three years of…

Covid ・ 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

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

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

Vegas Slots Online

Wynn Announces New Macau Casino License Application

Wynn Macau is the first casino operator to announce that it has submitted an application for a new operating license in the Special Administrative Region. It revealed on Tuesday that it has given its tender to the government in Macau. deadline for submitting a tender for a new license ends Wednesday Each of the six existing casino license holders…

Covid ・ 13 September 2022

Travel Daily News

Is Macau now the number one place in the world for gamblers to visit

Las Vegas used to be the world's favorite gambling hub, but Macau is swiftly taking over as a hotspot for casino tourism. Indeed, the number of people who visit the region every year is increasing rapidly. In 2016, there were just over 30 million tourists, and that shot up to 39 million in 2019. For the millions of people who play casino games…

Blackjack ・ 13 September 2022

Gambling News

China’s Thai Embassy Warns Nationals Not to Participate in Illegal Gambling

China continues to project regional dominance in matters that involve its citizens who travel to neighboring countries to gamble. On Monday, the Chinese Embassy in Thailand said that it had received pleas from Chinese nationals who were involved in cross-border gambling and who had, as a result, suffered property and safety damages. The embassy…

Law ・ 06 September 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

Today

Top gaming hub Macau invites casino license bids from July 29

HONG KONG:Macau's government said on Thursday global gaming operators can submit bids for new licenses from July 29 until Sept. 14, kicking off a highly anticipated process to secure a spot in the world's biggest casino hub. The licenses of the six current operators Sands China, Wynn Macau, MGM China, Galaxy Entertainment, SJM Holdings and Melco…

Covid ・ 28 July 2022

Casino City Times

COVID devastates Macau casinos

You know you are in deep trouble when one of the leading newsletters in your industry discusses the "silver lining" in being shut down: "Macau Casino Closures Provide Some Relief from Cash Burn." Asia Gaming Brief Macau casinos have so few gamblers, in fact, so little revenue of any kind, that the government finally ordering them completely closed…

Covid ・ 21 July 2022

Review Journal

Sands casinos among properties that will be allowed to reopen Saturday morning

Las Vegas Sands Corp., operators of casinos in Macao and Singapore, reported tepid second-quarter revenue results Wednesday as health restrictions in Macao continued to batter resort operators there. The Las Vegas-based casino company reported a loss of $440 million, 38 cents a share, on revenue of $1.045 billion for the quarter that ended June 30.…

Covid ・ 20 July 2022

Review Journal

Macao casino shutdowns extended five days

Stock market prices for the affiliates of three Las Vegas companies operating in Macao began rebounding Monday, even after a weeklong government-ordered casino shutdown was extended by five days. The casino lockdown, which began July 11 and had been set to expire Sunday, is now scheduled to end July 23. Analysts have estimated the closures will…

Covid ・ 18 July 2022

Casino Guru

Macau casinos go on lockdown

Macau's casinos will have to discontinue operations as they did this morning when no property in the special administrative region opened doors for business. This is the result of a Saturday decision issued by the Macau government which ordered concessionaires to keep their gaming properties shuttered at least until July 18 as the region is faced…

Covid ・ 11 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

Casino Guru

Vietnam seeks to expand local support for gambling

Vietnam's recovering tourism and leisure industries may need a boost from the locals for just a little while longer. This is the request Vietnam's Ministry of Finance has placed with the Party Personnel Committee, a government unit that oversees the current pilot program which enables locals to gamble, VietnamNet first reported. The Ministry is…

Covid ・ 08 July 2022

Gambling News

Macau Posted the Rules for Re-tendering Casino Licenses

Macau's government just unveiled the rules for the re-tendering of the region's gambling licenses. There will be several criteria by which the government will decide whether to license a company or not. Today, the Macau government published the rules for the re-tendering of the special administrative region's gambling licenses. The so-called…

Covid ・ 05 July 2022

Film Threat

What Is the Future of Casino Tourism?

It's no secret that casino tourism is on the decline. With the proliferation of online gambling and the increasing popularity of destinations like Las Vegas and Macau, casinos with explore the latest bonuses are facing tougher competition than ever before. So what is the future of casino tourism? Will it rebound, or will this trend continue? In…

Travel ・ 04 July 2022

Casino Guru

Macau's gambling laws finally formalized

It has been a fraught period for casino concessionaires in Macau. The Special Administrative Region (SAR) surely did not make it very easy when it comes to whether everyone actually understands what is happening on the legislative side. First, it was said that junkets would go, and then - satellite casinos. But then, after a closer look at the…

Law ・ 23 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

Reuters

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

HONG KONG, June 15 (Reuters) - Macau's government will formally sign a six-month licence extension for casino operators in the world's largest gambling hub on June 23, local broadcaster TDM reported on Wednesday, an expected move ahead of licence expirations due this month. The extension, to Dec. 31, allows more time for a highly anticipated…

Travel ・ 15 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

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

TipRanks

Las Vegas Sands Betting On Lifted Restrictions

Las Vegas Sands (LVS) shares have been dragged down from China and Singapore imposing lockdowns and restrictions on mobility to limit the resurgence of COVID-19, and therefore are down about 8% thus far this year. I am bullish on this stock. But as the current wave of COVID-19 is waning, yet again, investor visibility into the future for the…

Covid ・ 06 June 2022

Review Journal

Macao gaming revenue slumps by 68 percent in May

On the day Chinese authorities lifted COVID-19 restrictions in Shanghai, Macao's Gaming Inspection and Coordination Bureau reported another steep decline in gross gaming revenue for the month of May. The bureau that monitors gaming revenue for Macao's 41 casinos - including several owned and operated by three Las Vegas-based companies - reported…

Finance ・ 02 June 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

Gambling News

Macau Casino Concessionaires Pay $5.83M to Extend Licenses

Macau is agog as the special administrative region is working hard to re-regulate its gambling industry and create new mint conditions for concessionaires to operate in. This begins with the extension of existing licenses, set to expire on June 26, through the end of the year. However, Macau is offering each concessionaire the opportunity to expand…

Travel ・ 29 March 2022

FTN News

Best Casinos to Travel to Around the World

Travel is one of the most popular hobbies now, with 1.4 billion people travelling internationally each year. That doesn't even include those holidaying in their own country, which is many millions more. We travel to get a taste of the exotic, a break from the norm. Many want to try new things when they travel, whether that's food or a new…

Travel ・ 28 March 2022

Macau Daily Times

Macau residency required for future casino collaborators

As proposed in a current draft law and promoted by the government, it is very likely in the future that all casino intermediaries or junkets will be held by Macau residents. The Second Standing Committee of the Legislative Assembly continued to meet with government officials yesterday to discuss the amendment bill on the Gaming Law. Chan Chak Mo,…

Law ・ 18 March 2022

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

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

Reuters

Macau government extends casino licences to December

HONG KONG, March 3 (Reuters) - Casino companies in Macau will have their licences extended by six months, public broadcaster TDM reported on Thursday, citing a city official, allowing more time for a highly anticipated rebidding process in the world's biggest casino hub. Economy and Finance Secretary Lei Wai Nong, speaking after a Legislative…

Travel ・ 03 March 2022

Balkan Travellers

Top 5 Gambling Destinations for International Travellers

There's something that goes hand-in-hand about the rush of gambling and the thrill-seeking nature of travel. That's why popular gambling destinations become so famous for what is essentially just another service. Just think of Las Vegas - the city's identity is inseparable from its roots as a gaming hub. There are more destinations to gamble at…

Top and Best ・ 28 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

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

GGRAsia

Macau bill plans formal table, slot cap via CE dispatch

Macau has proposed in its draft gaming bill, freshly tabled on the website of the city's Legislative Assembly, a formal cap on the number of casino tables and gaming machines in the local casino market, with the details to be set out via a chief executive (CE) dispatch, which will be published in the city's official gazette. The draft bill did not…

Law ・ 18 January 2022

Review Journal

Macao news propels stock prices for some Las Vegas casino operators

The stock prices of two Las Vegas-based gaming companies with operations in Macao soared Friday after the government there clarified its casino licensing framework following earlier proposals that clouded the region's outlook. Las Vegas Sands Corp., which operates one property on the Macao peninsula and five on the offshore Cotai Strip, saw its…

Land-based ・ 17 January 2022

The Street

Las Vegas Sands, Wynn Resorts Surge As Macau Clarifies Casino Rules

Macau, the world's largest gaming hub, will cap the number of casino operator licenses at six, while boosting local ownership requirements, when it auctions new permissions later this year. Las Vegas Sands (LVS) - Get Las Vegas Sands Corp. Report and Wynn Resorts (WYNN) - Get Wynn Resorts, Limited Report shares surged higher Friday after officials…

Travel ・ 14 January 2022

Gambling News

US Casinos in Macau Will Not Be Treated Differently, Fitch Ratings Claim

Fitch Ratings Inc insists that US-controlled casinos in Macau will not be treated any differently from casinos owned by Chinese entities in light of the recent gaming rights refreshments in the city. The company solidified its claim by adding that US casino subsidiaries are owned by public entities listed in Hong Kong, have invested a lot of money,…

Covid ・ 12 January 2022

Gambling News

China Tackles 17,000 Cases of Cross-Border Gambling in 2021

China's Ministry of Public Security has revealed the numbers of illegal cross-border gambling in 2021, arguing that enforcement officers have detected and addressed 17000 instances of such breaches. China has been a hardliner against cross-border gambling, focusing on junket operators in the special administrative region of Macau and issuing a…

Incidents ・ 10 January 2022

Gambling News

Wynn Macau, Casino Companies Pay Bonuses to Employees

Wynn Macau has decided to give all of its (or nearly all) employees a holiday bonus that will be paid out this month. The bonus reflects not so much on the holiday season but rather on the dedication with which members of the team have worked through the nadir of the pandemic and coped with a challenging health environment throughout 2021. Wynn…

Jobs ・ 03 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

Macau Business

Macau’s Challenges: From Better Management of Casinos within Casinos to “Suitable” Economic Diversification

The recent closure of some VIP rooms and the emphasis on Macau-Hengqin cooperation can be analytically put together as a whole package of governing issues with implications for Macau: namely the effective transition from a much better and tighter management of some "casinos" within casino franchises to the formulation and implementation of…

Covid ・ 11 December 2021

CNBC

Macao arrests 11 people for illegal gambling and money laundering

Macao police said on Sunday they had arrested 11 people in an investigation into an illegal gambling and money-laundering syndicate, a day after businessman Alvin Chau, who organizes trips to Asian casinos for big spending gamblers, was questioned at a police station. The police said in a statement that people involved in the case acknowledged the…

Law ・ 05 December 2021

KTVZ

Casino stocks are looking like a big gamble

By Paul R. La Monica, CNN Business So much for the house always winning. Casino stocks have had a brutal year. Penn National Gaming, which operates more than 40 US gambling locations, has plunged 40% this year. That makes Penn, which also owns a 36% stake in Dave Portnoy's Barstool Sports betting and entertainment company, one of the worst…

Finance ・ 01 December 2021

Global Times

Over 63,000 are accused of opening casinos in the first nine months this year: top Chinese prosecutor

Over 63000 are accused of opening casinos in the first nine months this year: top Chinese prosecutor Guests play slot machines on the gaming floor during the launch of full-scale sports betting at Dover Downs Hotel and Casino in Dover, Delaware, US. Photo: VCG A total of 63238 individuals in China were accused of illegally opening casinos between…

Incidents ・ 29 November 2021

Aljazeera

Macau police arrest 11 for alleged illegal gambling

Arrests come a day after junket mogul Alvin Chau is questioned by police in the special administrative region. Macau police said they had arrested 11 people in an investigation into an illegal gambling and money-laundering syndicate, a day after businessman Alvin Chau, who organises trips to Asian casinos for big-spending gamblers, was questioned…

Law ・ 29 November 2021

Salon Privé

Top 10 Gambling Destinations Around The World

It's not unheard of that people like to travel. It's also quite well-known that some people like to visit casinos and other entertainment centers while on holiday. But do you know that there are actually people who like to go on so-called gambling holidays and choose to visit various places based on their casino and gambling offer. That being said,…

Top and Best ・ 06 November 2021

Vegas Slots Online

Macau Monthly Casino Revenue Fell to Year Low in October

Macau's monthly gross gaming revenue hit a record low for 2021 in October as the region continued to deal with the impact of COVID-19 restrictions. Gross gaming revenue fell almost 29% month-on-month to around MOP4.37bn ($544.7m). a 40% year-on-year drop in October revenue Figures released by the Macau Gaming Inspection and Coordination Bureau on…

Finance ・ 01 November 2021

Travel Daily News

The best countries for tourism for casino fans

It is true that in the last two years we have faced difficulties at all levels. However, after we have returned to normal to some extent, we again can do all those things that make us feel good and lift our spirits. One of them is long trips to some of the most popular destinations abroad. The year ahead is suitable for such trips, and we have…

Travel ・ 28 October 2021

Reuters

Billions blown as Macau casino investors fold amid gambling review

HONG KONG, Sept 15 (Reuters) - Shares of Macau casino operators on Wednesday shed as much as a third of their value, losing about $18 billion, as the government kicked off a regulatory overhaul that could see its officials supervising companies in the world's largest gambling hub. With Macau's lucrative casino licences up for rebidding next year,…

Finance ・ 16 October 2021

The Street

Bally's Stock Gains on $350 Million Share-Buyback Plan

Bally's' board authorized a $350 million share buyback. And the company closed a U.K. deal and completed a debt package. Bally's (BALY) - Get Bally's Corp. Report shares rose Monday as the casino operator said the board authorized it to buy back $350 million of its shares. Bally's also said it had closed its acquisition of U.K. online gaming…

Land-based ・ 04 October 2021

The Street

Las Vegas Sands, Wynn Stock Slump As Macau Takes Aim At Casinos

Las Vegas Sands (LVS) - Get Las Vegas Sands Corp. (LVS) Report lead U.S. casino shares lower Wednesday after officials in Macau planned major changes to rules governing operations in Macau, the world's largest gaming hub. In what appears to be the latest crackdown on powerhouse sectors in the world's second largest economy officials in Macau, a…

Travel ・ 04 October 2021

The Motley Fool

Macao Nightmare: What We Know About the Future of Gambling There

It's been a rough week, to say the least, for gambling stocks with exposure to Macao's once-thriving market, with most of the industry down double digits over the last five trading days. Melco Resorts (NASDAQ:MLCO), Las Vegas Sands (NYSE:LVS), and Wynn Resorts (NASDAQ:WYNN) have been the hardest hit because they generated a majority of their…

Travel ・ 20 September 2021

Yogonet

Slotegrator's new report gives an overview on Asian markets in 2021

sian markets attract operators with their untapped potential, but the region is not an easy one to enter. Most countries have restrictive gambling and betting regulations, with only a limited number of enterprises legally allowed to operate. However, there seems to be a trend towards gradual legalisation. Many countries where gambling has long been…

Sports ・ 20 September 2021

Vegas Slots Online

Macau Casino Shares Drop as Government Begins Review

In the Chinese gambling hub of Macau, casino operators will have to go through a rebidding process next year to renew their gambling licenses. In anticipation of this, local government officials have kickstarted a regulatory overhaul process which could see sweeping changes to the region's gambling laws. Macau gaming stocks fell as much as a third…

Finance ・ 15 September 2021

GGRAsia

Macau may end casino sub-concessions, directly monitor ops

The Macau government seeks, under proposed changes to the city's gaming law framework, to end the system of "sub-concessions" that enabled three extra Macau licensees to be created from what had been envisaged as a three-concession system at the advent of market liberalisation at the start of the century. There are also plans for…

Travel ・ 14 September 2021

Tope 10 Casino Websites

China Reports Increase in Gambling-Related Crimes During First Half Of 2021

July 27, 2021July 27, 2021David Walker China has recorded a 27.7 percent rise in the number of gambling related prosecutions in the country for the first half of 2021. According to the Supreme People's Procuratorate, the top national agency in China responsible for legal prosecution and investigation, a total of 46575 people were prosecuted so far…

Covid ・ 27 July 2021

Reuters

Macau's digital yuan plans deal fresh blow to casino junkets

Macau's plans to use China's future digital currency will help Beijing curb money laundering in the world's top gambling hub but could deal a fatal blow to casino junket operators. These companies, who help lure high rollers to Macau, have been on the ropes since Beijing identified the cross-border flow of funds for gambling as a national security…

Travel ・ 09 May 2021

iGaming Business

Macau casino revenue plummets to new low in April

Revenue from Macau's casinos declined further in April, with operators taking in just MOP754m (£76.0m/€86.6m/$95.1m), a record low and 96.8% below takings from April 2019. Despite the fact that all casinos in Macau were forced to close for 14 days in February and many remained closed for significant parts of March, the total was down 85.7%…

Finance ・ 07 February 2021

Calvin Ayre

Macau casino gambling revenue down ‘only’ 72.5% in October

Macau casino gambling revenue fell'only' around three-quarters in October, which apparently qualifies as a roaring success in this pandemic-plagued year. Figures released Sunday by Macau's Gaming Inspection and Coordination Bureau (DICJ) show market-wide casino gaming revenue of MOP7.3b (US$914m), a 72.5% decline from the same month last year but…

Finance ・ 04 February 2021

iGaming Business

Macau casino revenue falls 70.5% in November

November's revenue does, however, represent the second highest total for the Chinese Special Administrative Region since it took in MOP22.13bn in January. That month was the last before the imposition of travel restrictions, resulting from novel coronavirus (Covid-19), which revenue for Macau's casinos. The month's GGR was down 7.2% compared to…

Finance ・ 04 February 2021

Calvin Ayre

Macau casinos slow slide in December, second year of negative growth

Macau casino gaming revenue showed a modest flicker of life in December, but it wasn't enough to rescue a year of negativity. Figures released Friday by Macau's Gaming Inspection and Coordination Bureau (DICJ) show the special administrative region of China posted gaming revenue total of MOP7.8b (US$978m) in December, 65.8% below December 2019's…

Travel ・ 19 January 2021

Tunf

Changes to China's Gambling Law will Hurt Macau Casinos Junket and Foreign Operators

China's gambling law reform deals a severe blow to foreign casino operators who attract chinese citizens to their sites. This business, which was already in decline, deepened its losses after the spread of the pandemic that originated in Wuhan. The China Standing Committee of the National People's Congress wants to introduce changes to the gambling…

Law ・ 19 January 2021

USA Online Casino

2020 in Hindsight: Top Casino News

Happy New Year! 2020 was a train wreck for all of us, and the coronavirus hit the casino industry especially hard. Here is a recap of the top casino and gambling news stories we covered in the tumultuous year of 2020. The social media catch phrase'going viral' took on a whole new meaning in 2020. The coronavirus appeared out of nowhere and quickly…

Covid ・ 19 January 2021