#Wynn Macau

West Island

Las Vegas and Macau Casinos Surging Ahead in Gaming Sector

In the ever-evolving tableau of leisure and hospitality, the bright lights of Las Vegas continue to draw patrons in droves, signaling a potential boon for casino operators gearing up to report their first-quarter financials. Amid the glamorous backdrop of the iconic Welcome to Las Vegas sign, consumer enthusiasm abounds-yet it contrasts with a…

Industry ・ 13 March 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

South China Morning Post

Casino operator Wynn Resorts beats fourth-quarter profit estimates on improved Las Vegas, Macau performance

Wynn Resorts, the controlling shareholder of Wynn Macau, beat fourth-quarter profit estimates on stronger gaming, luxury retail and hotel bookings at its Macau and Las Vegas properties. The company posted adjusted profit of US$1.91 per share, exceeding analysts' estimates of US$1.15, according to LSEG Data & Analytics. Operating revenue came in at…

Travel ・ 08 February 2024

Eye On Annapolis

The Best Casino Restaurants in the World

Casinos have been around since the early 17th century, when the Casino di Venezia opened its doors to Venetian nobility looking for a fantastic night of gambling. But casinos didn't remain an establishment for the elite for too long, as Las Vegas would completely redefine the casino experience, welcoming people from all walks of life who enjoyed…

Travel ・ 21 January 2024

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$5,000 Welcome Bonus

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MDJOnline

As Las Vegas prospects improve, this casino giant's stock gets an upgrade

For years, Las Vegas has been a place of dreams of fun, innocent or otherwise. Increasingly, in fact, what happens in Vegas has become part of the national discussion. In addition to its casinos, Las Vegas sports the reigning NHL Stanley Cup champ Las Vegas Golden Knights. The Oakland Athletics are committed to move to Nevada. And the NFL Raiders…

Travel ・ 18 January 2024

Forbes

Casino Stocks Rally As Macau Gambling Revenues Come In Strong

You'll be asked to sign into your Forbes account.Got it While investors greeted the first day of 2023 trading with big selling in classic tech favorites like Apple and Advanced Micro Devices, buyers showed up in large numbers among the classic casino names. This, after Macau reported "gross gaming revenues" increased 333% in 2023 versus 2022. Those…

Finance ・ 03 January 2024

Market Screener

Las Vegas Casino-Resorts May be Impacted as Hotel Workers Move Closer to Potential Strike -Yesterday at 10:04 am

Wynn Resorts, Limited is one of the leading American promoters and operators of hotel-casinos. At the end of 2020, the group owned 4 hotel-casinos under the Wynn Las Vegas, Wynn Macau, Wynn Palace and Encore Boston Harbor names. Net sales break down by activity as follows:- casinos operation (59%): 1061 gaming tables and 5589 slot machines at the…

Land-based ・ 09 September 2023

Vegas Inc

Parent of Las Vegas Strip casino to settle sexual harassment claim

This March 15, 2016, file photo, shows casino mogul Steve Wynn at a news conference in Medford, Mass. Thursday, Sept. 7, 2023 | 5:31 p.m. A parent company of a Las Vegas Strip casino and nine unnamed women are settling a lawsuit alleging the company failed to investigate allegations that female employees were sexually harassed by the company's…

Law ・ 08 September 2023

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Casino mogul Steve Wynn fined $10M to end fight over claims of workplace sexual misconduct in Nevada

LAS VEGAS (AP) - Casino mogul Steve Wynn has ended a yearslong legal fight with Nevada gambling regulators that started with claims of workplace sexual misconduct, agreeing to pay a $10 million fine and cut ties to the industry he helped shape in Las Vegas. The Nevada Gaming Commission accepted a settlement Thursday to end the state's look at…

Law ・ 06 August 2023

Insurance Journal

Las Vegas Casino Mogul Fined $10M to End Fight Over Claims of Workplace Sexual Misconduct

Casino mogul Steve Wynn has ended a yearslong legal fight with Nevada gambling regulators that started with claims of workplace sexual misconduct, agreeing to pay a $10 million fine and cut ties to the industry he helped shape in Las Vegas. The Nevada Gaming Commission accepted a settlement last week to end the state's look at allegations that led…

Law ・ 31 July 2023

NBC News

Casino mogul Steve Wynn to pay $10M, cut gambling ties after Nevada sexual misconduct investigation

LAS VEGAS - Casino mogul Steve Wynn has ended a yearslong legal fight with Nevada gambling regulators that started with claims of workplace sexual misconduct, agreeing to pay a $10 million fine and cut ties to the industry he helped shape in Las Vegas. The Nevada Gaming Commission accepted a settlement Thursday to end the state's look at…

Law ・ 29 July 2023

Quartz

Las Vegas king Steve Wynn banned from Nevada's gambling industry

Casino magnate Steve Wynn was banned from the Nevada gambling industry, one that he had a sizable role in developing, in order to settle a 2019 sexual misconduct case with the state's authorities. Wynn was accused of making unwanted sexual advances towards multiple women under his unemployment. As part of the deal, he will also pay $10 million and…

Incidents ・ 28 July 2023

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The Sydney Morning Herald

Crown casinos to launch online self-exclusion scheme for gamblers

People with gambling problems will be able to ban themselves from Crown casinos over the internet instead of having to do so in person, as part of a wider overhaul of the group's approach to harm minimisation. Crown Resorts' new safer gambling program also includes the establishment of a dedicated gambling policy team, which will monitor customer…

Gambling Addiction ・ 28 July 2023

Bozeman Daily Chronicle

Las Vegas casino mogul Steve Wynn to pay $10M to end fight over claims of sexual misconduct

LAS VEGAS (AP) - Casino mogul Steve Wynn's long legal fight with Nevada gambling regulators over claims of workplace sexual misconduct is expected to end Thursday with a settlement calling for him to pay a $10 million fine and cut virtually all ties to the industry he helped shape in Las Vegas. The Nevada Gaming Commission was scheduled to meet in…

Law ・ 28 July 2023

Fortune

Las Vegas casino mogul Steve Wynn will pay $10 million

Casino mogul Steve Wynn's long legal fight with Nevada gambling regulators over claims of workplace sexual misconduct is expected to end Thursday with a settlement calling for him to pay a $10 million fine and cut virtually all ties to the industry he helped shape in Las Vegas. The Nevada Gaming Commission was scheduled to meet in the state capital…

Law ・ 28 July 2023

The Solihull Observer

The best casinos in the world

There has always been a special magic and adrenaline in gambling entertainment that attracts more and more fans around the world. Gambling and eu casinos that accept uk players no deposit are not just a place to get rich or have fun, they are a kind of culture that permeates the history of civilisations and changes along with technological…

Land-based ・ 27 July 2023

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Times Of Casino

UAE to Get Its First Ever Casino

The United Arab Emirates is set to welcome its first-ever casino, a development that has stirred excitement and anticipation in equal measure. The casino is being built and funded by Wynn Resorts, a leading international hospitality and entertainment company. What makes this development even more significant is that it will be Wynn Resorts'…

Travel ・ 20 March 2023

Asgam

Collapse of VIP market drives Wynn Macau Ltd to widened US$181 million operating loss in 4Q22

Wynn Resorts Ltd has reported a US$181.3 million loss from its Macau operations in the three months to 31 December 2022, widened from both the US$128.2 million loss reported in 4Q21 and the US$162.7 million loss in 3Q22. The challenging result, which predated the recent reopening of Macau's borders, was attributable to both the challenging…

Finance ・ 09 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

Yogonet

Macau casinos see worst year on record after gaming revenue drops 51% in 2022

Macau casinos have posted their worst year since 2004 as China's strict Covid Zero policies wrought havoc on the gambling hub. The Gaming Inspection and Coordination Bureau said Sunday that gross gaming revenue in December fell 56% from a year earlier to 3.48 billion patacas ($433 million), slightly below the median estimate of a 57% decline.…

Finance ・ 04 January 2023

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Eagle Mountain Casino Allocates $300K in Holiday Bonuses

Image Source: Shutterstock.com The property is the latest to join a trend that has seized gaming establishments from Macau to the United States with operators doting on their casino workers despite what is still a challenging operations environment. The sum allocated to Eagle Mountain Casino workers is not a surprise, as casinos have realized that…

Payment Methods ・ 04 January 2023

Asgam

Details of new contracts of six casino concessionaires published

In conjunction with the signing of the six new gaming contracts yesterday, the government has published the content of the contracts, including the operating venues of the concessionaires' casinos, investment commitments and premium details. Investment commitments The government announced yesterday the six concessionaires have committed a total…

Industry ・ 04 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

Aristocrat gets regulatory nod for Sally Denby as new CFO

Australia-listed casino slot machine maker and gaming content provider Aristocrat Leisure Ltd says it has received the "necessary regulatory pre-approvals" to confirm the appointment of Sally Denby as chief financial officer (CFO). The group's plan to install her had been announced to the Australian Securities Exchange on November 14. Ms Denby's…

Travel ・ 29 December 2022

The Motley Fool

Casinos Win New Macao Licenses, but Will Shares Rise?

The largest casinos got an early Christmas present last month after China renewed their licenses in Macao for another 10 years. While the likelihood of being denied renewal was small after they had invested billions of dollars in the gambling mecca and spent billions more on developing nongaming activities at the behest of Beijing, it was still a…

Land-based ・ 21 December 2022

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

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

Markets Insider

Macau Casinos Have Secured Gaming Licence Renewals but at a Hefty Cost

Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Casinos in Macau, also known as the Las Vegas of Asia, are starting their end of the year celebrations early this year - their casino licenses have just been renewed after a months-long agonizing wait, easing investor fears about the future of the…

Covid ・ 19 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

Vegas Slots Online

Macau Casinos Seek $16.8m in Damages in Tak Chun Trial

Four casino operators in Macau are seeking damages totaling MOP$135m (US$16.8m) from the defendants in a major illegal VIP gambling case. Former chairman of Tak Chun Group Levo Chan is currently on trial, alongside nine other defendants. MGM China, SJM Resorts, The Venetian Macau, and the Wynn Macau are all seeking the multimillion-dollar payout in…

Incidents ・ 06 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

Capital

Macau casino stocks: Can Sands and Wynn see further boost from Beijing license agreement?

Macau casino stocks have jumped since early November. Beijing announcing existing licences will be renewed and hopes of an end/easing in covid restrictions are seen as key reasons for the stock rises. Sands China (Sands China) currently at HK$24 is up over 57% in the last month. Wynn Macau (WYNN)- currently at HK$7.74 is up 121% over the month. MGM…

Finance ・ 05 December 2022

Tekedia

Top 5 Largest Casino Operators in Canada

While most people associate casinos with Las Vegas or Atlantic City, several sites are located in Canada. They are run by various operators, each of whom is responsible for the casino's day-to-day operations. Operators in Canada must obtain a Canadian government license to operate the best gambling websites with the best no deposit casino…

Land-based ・ 01 December 2022

Shared

How Do Casinos Continue Operations When They Lose Money to Gamblers?

A global, daily guerilla war is being fought out in the casinos of the world. To be clear, I'm not referring to the publicized conflicts between regular clients and the establishment. I'm referring to the clandestine struggle between casinos and advantage players, who are gamblers who employ various strategies, including comps and legal play, to…

Roulette ・ 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

Yogonet

Macau: Suspicious Transaction Reports from casino operators down by 15% year-to-date

According to local media reports, the number of Suspicious Transaction Reports (STRs) in Macau has seen a 13.4% year-over-year decrease to 1677 in the first nine months of 2022. According to a report from the Financial Intelligence Office, STRs proceeding from casino operators fell by 15.5% year-over-year to 866 during the period from January to…

Industry ・ 30 November 2022

Seeking Alpha

Searching for green shoots with Macau casino stocks (OTCMKTS:WYNMF)

The painfully slow recovery in Macau may have taken another step forward after Macau daily revenue for the week ending November 13 was reported to be 37% higher than the first six days of November. The relative jump in Macau gross gaming revenue was likely tied to mass testing for COVID ended in Macau on November 5, according to Jefferies analyst…

Finance ・ 14 November 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

World Casino News

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…

Travel ・ 31 October 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

Malysiakini

Genting makes surprise bid for Macau gambling license

Macau's government opened bids today from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary Lei Wai Nong and Secretary for…

Law ・ 16 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

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

Barron's

Macau Casino Stocks Surge On Mainland Travel Hopes

Casino stocks soared in Macau on Monday after authorities announced plans to gradually welcome back tour groups from the Chinese mainland, the demographic that makes up the vast majority of punters. Macau is the only place in China where casinos are legal and the former Portuguese colony used to dwarf Las Vegas for the scale of bets placed each…

Travel ・ 26 September 2022

Bangkok Post

Macau casino bids include surprise

Malaysia's Genting challenges incumbents as licences up for renewal in world's top gambling hub People walk past Casino Lisboa in Macau. (Reuter File Photo) HONG KONG: The government of Macau opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licences to operate casinos in the world's biggest…

Covid ・ 22 September 2022

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…

Law ・ 18 September 2022

Rappler

Gambling giant Macau opens bids from 7 casinos, Genting a wildcard

RESORTS WORLD. Signage of Genting Malaysiau2019s Resorts World is displayed at its casino, hotel, and entertainment park in Genting Highlands, Pahang, Malaysia, September 16, 2022. Hasnoor Hussain/Reuters All six incumbent Macau players submit bids, together with GMM Limited, a holding company of Genting Group chairman Sri Lim Kok Thay HONG KONG -…

Covid ・ 16 September 2022

WHTC

Gambling giant Macau opens bids from seven casinos, with one firm to lose

HONG KONG (Reuters) - Macau's government opens bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary, Lei Wai…

Covid ・ 16 September 2022

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Vegas Slots Online

Wynn, Related Bid for New Casino in Midtown Manhattan

Two giants of contrasting industries are teaming up to bid for a new Las Vegas-style casino in New York City at a location previously considered for new Jets and Yankees stadiums. bidding for a casino license in Midtown Manhattan On Thursday, New York-based real estate developer the Related Companies and Wynn Resorts revealed they are bidding for a…

Travel ・ 16 September 2022

Bankrate

Investing In Casinos And Online Gambling: Key Things To Know

The casino industry has been hit by two major developments in the last few years, the advent of online gaming and the emergence of the COVID pandemic. Both created serious challenges for the industry, but the year 2022 has seen the industry bounce back after more than a year of subpar performance. Hospitality industries such as casinos suffered a…

Sports ・ 16 September 2022

Malay Mail

Gambling giant Macau opens bids from seven casinos, Genting a wildcard

HONG KONG, Sept 16 - Macau's government opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary Lei Wai…

Covid ・ 16 September 2022

Bollyinside

Macau's gambling giant opens offers at seven casinos and one company may lose

HONG KONG, Sept. 16 (Reuters) - The Macao government opens offers from seven companies on Friday, including a wildcard from Malaysian operator Genting, for casino licenses at the world's largest gambling center, kicking off a closely watched battle over six available slot machines. Macao's top officials, including Lei Wai Nong's city's economic and…

Covid ・ 16 September 2022

Vegas Slots Online

Malaysian Billionaire Makes Bid for Macau Casino License

Malaysian billionaire Lim Kok Thay, chairman of Malaysia's Genting Group, was confirmed as a bidder for a Macau casino license. raises doubt that all of the incumbent license holders will return Thay was the seventh candidate to enter the fold ahead of the Wednesday night deadline. There are only six license spots up for grabs, which raises doubt…

Travel ・ 14 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

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 ・ 14 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

Reuters

Macau sets first formal cap on casino tables, income amid bidding war

HONG KONG, Aug 26 (Reuters) - Macau has fixed a limit of 6000 gaming tables and 12000 gaming machines for new casino operators early next year, as well as minimum income levels for each operator, the government in the world's biggest gambling hub said on Friday. It is the first time authorities have set a formal cap on the numbers of tables and a…

Covid ・ 26 August 2022

Yogonet

Macau Gov. to limit numbers of gaming tables and machines for new licensees; set minimum income levels

Macau's government announced Friday it has fixed a limit of 6000 gaming tables and 12000 gaming machines for new casino operators, set to enter into force early next year, along with minimum income levelsfor each one of them. This marks the first time authorities have set a formal cap on the number of tables and minimum income requirement,…

Land-based ・ 26 August 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

The Kingston Whig Standard

Best US and UK casino shares

Fancy buying into the cash and the glamour of the casino sector? Many of the major casino chains and resorts in the US - and some in the UK - are listed companies. As well as casinos, many of them, including US companies like MGM, and Caesar's Entertainment, own and run substantial hotels and resorts, where the casinos are situated. Like most of…

Covid ・ 21 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

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

The Standard

License jitters set for casino amid Covid hit

Macau said yesterday that global gaming operators can submit bids for new licenses from July 29 until September 14 but that it cannot guarantee the number of licenses would stay the same at six. The licenses of the six current operators Sands China (1928), Wynn Macau (1128), MGM China (2282), Galaxy Entertainment (0027), SJM (0880), and Melco…

Covid ・ 29 July 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

The Tide News Online

Five Biggest Casinos In The World

Casinos are a staple of the modern entertainment industry, and no matter where you reside, there are chances of a casino located within driving distance of you - try Chilli Heat slot free play online. Some places are known for their mega-casinos with non-stop gambling and entertainment. Our experts took a look at the casinos from Nevada to…

Travel ・ 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

The Street

Las Vegas Casinos Should See Bump From Macau Reopening

Macau has been in dire straits for more than the past week. Earlier this month, the Chinese government announced that it would close all casinos in Macau starting July 11 as the region battles a covid-19 outbreak that infected nearly 1500 people over a three week period in the city of 680000. During previous outbreaks, the Chinese government had…

Land-based ・ 21 July 2022

South China Morning Post

Hong Kong stocks slip as Apple parts suppliers, Macau casino operators suffer on earnings pressure

A man walks outside the Wynn Macau casino resort amid the Covid-19 outbreak, in Macau on July 4, 2022. Poor gaming earnings pulled down casino stock in Hong Kong on Tuesday. Photo: Reuters A man walks outside the Wynn Macau casino resort amid the Covid-19 outbreak, in Macau on July 4, 2022. Poor gaming earnings pulled down casino stock in Hong Kong…

Covid ・ 19 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

New Jersey Online Gambling

Macau Casinos Get $1.5 Billion in Loans from Wynn and LVS

Two Macau casinos received large loans from their US parent companies, helping them weather the latest COVID shutdown. Although, it may be US gamblers and shareholders who pay the price in the end. Last month, Wynn Resorts provided a $500 million revolving loan to Wynn Macau. Meanwhile, Las Vegas Sands loaned Sands China $1 billion. The US casino…

Gaming Authorities ・ 17 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

World Casino News

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 ・ 06 July 2022

Gambling News

Wynn's $2B UAE Casino Resort Offers 'Brand Extension'

A $2 billion integrated casino resort in the United Arab Emirates (UAE) is one of the key priorities for Wynn Resorts as the company seeks to extend its brand worldwide according to Wynn Resorts CEO Craig Billings. Billings, who is now over six months into the position of chief executive officer at the casino resort operator, also discussed company…

Travel ・ 05 July 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

Seeking Alpha

Macau rocked by local COVID cases which threaten casino traffic

Macau casino stocks fell in Hong Kong after the gambling region saw its first COVID-19 outbreak in eight months. The city reported 21 preliminary-positive cases in the local community as of Sunday evening. Schools and non-essential businesses were shut down until at least Tuesday to allow time for mass testing of all residents. Arrivals to Macau…

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

Seeking Alpha

New Macau gaming bill advances to final vote

Bank of America said the final version of the gaming law passed by the Macau Legislative Assembly reflected the amendments that have been revealed in the past couple months and were in-line with expectations. The amendment bill allows for six new concessions, with a maximum term of 10 years and three-year extension possible under certain…

Travel ・ 17 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

AGB - Asia Gaming Brief

Your Daily Asia Gaming eBrief: Laos regulating online gaming

Good Morning. Laos has taken the first steps in regulating its online gambling industry, awarding a license to the Laos Offshore Gambling Authority, a private company that will oversee the business. The model is similar to the one adopted in the Philippines for Philippines Offshore Gaming Operators, or POGOs. Laos is lower cost and aims for a more…

Industry ・ 15 June 2022

iNtergame

Run-in to new Macau gambling laws

The current operators in Macau will see their licences expire this year and the new regulations will lay down the formula for the future of gambling in the territory. The number of new licences will be capped at six - the current holders are Wynn Macau, Sands China, MGM China, SJM Holdings, Galaxy Entertainment and Melco Resorts. The proposals…

Law ・ 14 June 2022

Balkan Travellers

The most beautiful and luxurious casinos in the world that you should visit once in your life

Before the explosion of online casinos today, operators have invested heavily in ground-based casinos with huge budgets so that they not only turn into the most luxurious entertainment spots but also become tourist destinations that everyone wants to visit once in their life. Many casinos have construction costs up to billions of dollars,…

Games ・ 09 June 2022

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…

Travel ・ 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

Yogonet

Las Vegas Union asks Macau Govt. for land transaction records involving Genting and Treasure Island failed casino project

The International Union of Operating Engineers, Local 501 - which represents over 2000 members working in Las Vegas casinos- submitted a public record request regarding the land transaction involving Genting Group and Ao Mio Leong to the Land and Urban Construction Bureau (DSSCU). According to corporate filings, Mio Leongis one of a four-person…

Politics ・ 04 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

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…

Industry ・ 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

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…

Travel ・ 17 May 2022

Seeking Alpha

Las Vegas Sands, Casino stocks surge as Shanghai looks set to end lockdowns (NASDAQ:WYNN)

Casino stocks led the S&P higher on Friday as news of a potential end to lockdowns in China sent gaming stocks skyward. Per the Associated Press, officials in Shanghai are considering a reopening "in a few days" as case numbers fall. The nation's most populous city is seen as a key bellwether for the country's Zero-COVID policy, therefore holding…

Covid ・ 13 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

Seeking Alpha

Macau casino revenue plunges to 18-month low

Gross gaming revenue in Macau fell 68% year-over-year during April to 2.68B patacas ($331M), which marked the lowest tally for the gambling region in 18 months and fell short of the expectation of analysts. Revenue fell 27% in April from the level recorded in March and was 89% off from the pre-pandemic level of April of 2019. COVID restrictions in…

Finance ・ 02 May 2022

GGRAsia

Macau GGR targets hurt ops with low-yield assets: broker

The Macau government's proposed minimum annual target of casino gross gaming revenue (GGR) per table and per gaming machine could result in operators with low-yielding gaming assets bearing in practice a levy on doing business that is higher even than the 39 percent effective tax rate on GGR, says a report from China International Capital Corp Hong…

Industry ・ 19 April 2022

Seeking Alpha

Macau casino stocks could be impacted by new COVID deaths in Shanghai

Macau casino stocks are on watch again this week with investors looking to see how far the zero-tolerance policy in China can extend. The government in Shanghai has reportedly set a new target of zero cases at the community level by April 20, which means no new cases outside of quarantined zones. That may be a tough standard after 23643 new local…

Covid ・ 18 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

Seeking Alpha

Macau casino revenue slumps to 18-month low

Macau gross gaming revenue fell 56% in March to 3.67B patacas ($455M) to slightly trail the consensus estimate for a 55% decrease. Ongoing COVID restrictions and concerns held back traffic during the month. Gross gaming revenue was down 54% in March from the level seen in February with the lockdowns in Zhuhai and Shenzhen a major factor. The…

Finance ・ 01 April 2022

The Fan Carpet

A Casino With High Stakes’ Tables + Luxury Interiors Is The Preserve Of The Rich + Famous: The Best Casinos For Celebrity Sightings

For years, visiting a casino with their high stakes' tables and luxury interiors, was the preserve of the rich and famous. Now anyone can enjoy the gaming tables and slots, as more and more people discover the excitement of gaming. But with so many luxurious venues around the world, which casinos are the best place to go if you want to see the…

Religion ・ 30 March 2022