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Industry
May 12, 2025
Sands China & GMTCM Sign Big Health Tourism MoU
Las Vegas Sands’ Macau-facing subsidiary, Sands China, has teamed up with Guangdong-Macau Traditional Chinese Medicine Technology Industrial Park Development (GMTCM) to integrate Big Health tourism across Macau and Hengqin. To that end, the two parties have signed a Memorandum of Understanding to cooperate and leverage Macau’s position as a tourism center to promote health tourism. […]
Industry
May 1, 2025
Macau: April GGR Exceeds Expectations But Remains Lower Than in March
Macau’s revenue for April has run ahead of expectations in the wake of a suboptimal start to the year. The results for the month followed suboptimal performance in March, which sparked certain concerns about the future of local gaming. The April Results Exceeded Expectations In April, Macau’s casinos generated total gross gaming revenue of […]
Industry
April 28, 2025
Macau May Cut Ties with US Concessionaires if US-China Relation Worsens
Fitch Ratings predicts possible headwinds for the three US-based Macau concessionaires due to the economic shifts. In an unlikely but possible worst-case scenario, Macau might decide to end its relationship with the three companies, Fitch experts suggested. Fitch Emphasized That the Worst-Case Scenario is Still Unlikely The three US-based Macau concessionaires include Las Vegas Sands, […]
Casino
April 22, 2025
Macau’s Most Lavish Hotel Seeks a Second Chance at Life
Once hailed as the crown jewel of ultra-luxury hospitality in Macau, The 13 Hotel and Casino has now been listed for sale for the second time, as creditors seek to offload the unrealized dream of what was once touted as “the world’s most luxurious casino resort.” While Macau’s enduring popularity as a regional gaming hub […]
Industry
April 16, 2025
Macau Chief: Budget Deficit Awaits if Gaming Underperforms
Macau’s leader highlighted budget concerns shortly after the special administrative region reported a slowdown in its gaming revenue growth. This highlights the region’s strong dependence on gaming despite its recent efforts to diversify its revenue streams. Macau’s Chief Warns of Possible Financial Trouble Macau, which is a special administrative region of China and the only […]
Business
April 9, 2025
Macquarie Experts Warn of Macau Casino Market Shifts
Late in March, law enforcement in Macau raided a total of eight jewelry shops over suspicion of illegal currency exchange activities. The authorities suspected nearly a dozen people of moving massive sums of $74 million with the help of the jewelry shops that served as a front. Overall, several dozen people, suspected of being involved […]
Sports
April 4, 2025
Hong Kong Opens Public Consultation on Legalising Basketball Betting
The Hong Kong government has started a month-long public survey to gather views on a plan that would make basketball betting legal. This marks a big change in the city’s strict gambling rules. Hong Kong Government Proposes Legalisation of Basketball Betting to Curb Illegal Gambling The survey, which began on April 2, comes as more […]
Industry
March 27, 2025
Websites Struck by JavaScript Injection Promoting Chinese Gambling
A malicious JavaScript hijack injection has spread across the internet, affecting thousands of websites and forcing them to promote unlicensed Chinese gambling websites. According to experts, roughly 150,000 legitimate websites have been affected so far. Thousands of Websites Were Hit with a JavaScript Injection The hackers behind this promotion of illegal Chinese gaming platforms have […]
Business
March 25, 2025
Bet365 Reportedly Prepares to Exit China
Gambling giant bet365 is reportedly considering quitting China as its shift toward regulated markets continues. Once a grey market powerhouse, the company is now increasingly focused on its operations in mature and emerging regulated jurisdictions. Bet365 Will Stop Taking Bets in China from March 27 Gaming news outlet EGR, which broke the news on the […]
Casino
March 21, 2025
China’s Economic Stimulus Expected to Give Macau’s Casino Industry a Boost
Analysts at Seaport Research Partners think Beijing’s new economic stimulus plans will have a big impact on Macau’s gaming industry. China introduced these plans to get people to spend more money. Experts believe this will lead to more disposable income and make consumers feel better about spending, which will help Macau’s casinos in the long […]
