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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…
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Macao casino relicensing occurring as region recovers from shutodown of properties
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The Nevada Independent

Indy Gaming: SCOTUS ruling favoring Texas tribal casinos has ‘wider implications’

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz A U.S. Supreme Court ruling last week was…
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Indy Gaming: SCOTUS ruling favoring Texas tribal casinos has ‘wider implications’
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
Macau rocked by local COVID cases which threaten casino traffic
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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
Macau shuts most businesses amid COVID outbreak, casinos stay open
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
Law Will Allow Macau to Alter Casino GGR Requirements
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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
Why Are Macau Casinos Struggling in Pandemic Recovery?
Review Journal

Macao gaming revenue dips to an 18-month low

Macao gaming revenue slumped to an 18-month low in March, Macao's Gaming Inspection and Coordination Bureau reported Friday. It was the second month this year that gross gaming revenue was below 2021 levels. The market showed a 6.1 percent rebound in February, thanks primarily to increased visitation during Chinese New Year celebrations. The bureau…
Finance
Macao gaming revenue dips to an 18-month low
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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
Macau casino revenue slumps to 18-month low
World Casino News

Macau casinos pay MOP$33.91 billion in taxes for 2021

The Financial Services Bureau in Macau has announced the tax payments from the gaming industry for 2021. Last year, a total of MOP$33.91 billion ($4.22 billion) was paid by operators. This is an increase of 13.8% when compared to the MOP$29.81 billion ($3.73 billion) paid in 2020. While the amount is an increase from the previous year, it is a…
Finance
Macau casinos pay MOP$33.91 billion in taxes for 2021
GGRAsia

Macau casino GGR up 32pct m-o-m in Sept: govt

Macau casino gross gaming revenue (GGR) rose 32.4 percent sequentially in September, to MOP5.88 billion (US$735 million), compared to MOP4.44 billion in August, when a Covid-19 alert in Macau had seen a sharp dip in tourism to the city. Judged year-on-year, September GGR was up 165.9 percent on the MOP2.21 billion achieved in September 2020,…
Covid
Macau casino GGR up 32pct m-o-m in Sept: govt
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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
Macau Monthly Casino Revenue Fell to Year Low in October
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Macau Business

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
Vegas Slots Online

Global Gambling Meccas Post Latest Gaming Revenue Data

Casinos in the global gambling hubs of Las Vegas and Macau are continuing their recovery from the COVID-19 pandemic with different levels of success. [Image: Shutterstock.com] Players from all over the world regularly flock to the internationally renowned gambling hubs of Las Vegas and Macau. Despite their notoriety, the two markets struggled…
Finance
Global Gambling Meccas Post Latest Gaming Revenue Data
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
Vegas Slots Online

Return of COVID Will Hurt Macau Casinos' Q3, Analysts Say

Casinos in the Chinese gambling hub of Macau have seen some recovery from the COVID-19 pandemic in 2021 as a result of the easing of restrictions. However, new cases of the virus and fears of the fast-spreading delta variant have caused Macau officials to reintroduce health and safety measures. the first community case of coronavirus in 18…
Covid
Return of COVID Will Hurt Macau Casinos' Q3, Analysts Say
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