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Industry
January 16, 2025
Analysts Predict Limited Market Shifts in Macau Despite Gaming Revenue Surge
The Macau gaming market posted its strongest quarterly performance in a long time, with gaming revenue in Q4 2024 reaching a 20-quarter high. However, JP Morgan analysts note that such positive financials may not be enough to offset investor skepticism and reignite interest in concessionaire stocks. However, the uptick in revenue should be welcome news […]
Sports
January 14, 2025
Hong Kong Soccer Boss Mulls Legalizing Betting on Local Games
In an interview for the South China Morning Post, the Chairman of the Football Association of Hong Kong, China, Eric Fok has said that the special administrative region (SAR) can benefit from rolling out an expanded regulated gambling framework that will allow residents and visitors to place a bet on the outcome of local soccer […]
Legal
January 9, 2025
Chinese Actor Saved from Scam Center in Myanmar
Wang Xing, a Chinese actor better known as Xingxing, has narrowly escaped a future in a fraud factory after falling for an insidious scam. The man returned with a shaven head and provided insight into how dangerous such scams can be, even to celebrities. Xingxing Was Forced into a Call Center Xingxing who is best-known […]
Industry
December 12, 2024
Macau Gaming Tax Revenue Soars as Recovery Accelerates
Macau’s gaming sector remains in full swing as November’s government gaming tax revenue hit MOP$8.0 billion ($999 million), up 6.4% year-on-year and up 20.3% compared to October, according to the latest figures from the Macau Financial Services Bureau (DSF). These figures underline the region’s ongoing resurgence following pandemic-induced setbacks. Key Metrics Recorded Significant Increases Gross […]
Industry
December 10, 2024
Las Vegas Sands Donates $15M for Chinese Institute at UNLV
The University of Nevada, Las Vegas (UNLV) has announced the creation of a new institute for Chinese Language and Culture. The new institute will be sponsored by Las Vegas Sands and will reflect the global operator’s dedication to “global engagement and cultural exchange.” The Institute Will Provide Students with New Perspectives Las Vegas Sands has […]
Legal
December 9, 2024
Indonesia Arrests Man Suspected of Laundering Illegal Gambling Proceeds
A Chinese national believed to be a part of an illegal gambling syndicate has been arrested in Indonesia. The man, who’s been sought by the Chinese authorities for some time, is also believed to have laundered millions of dollars from the illegal operation. Criminal with Ties to Illegal Gambling Has Been Arrested Beijing had issued […]
Industry
December 2, 2024
Macau Anticipates Changes to Economy Under New Leadership Strategy
The gambling sector represents a major part of the tax revenue in Macau, China’s special administrative region where the activity is legal. With approximately 80% of the revenue coming from gambling activities, the region hinted at plans to shift its focus from gambling to tourism, entertainment, leisure and hospitality. The aforementioned plan was first announced […]
Industry
November 20, 2024
Macau’s Gaming Sector Faces Global Pressures
Macau’s gaming industry is navigating a complex landscape shaped by robust recovery prospects and the looming shadow of international geopolitical pressures. Recent data indicates an optimistic upward trajectory in gross gaming revenue (GGR), but doubts persist due to external influences and shifting investor sentiments. Financial Forecasts Remain Positive Gross gaming revenues in Macau surged 6.6% […]
Sports
November 20, 2024
Yan Xiaonan vs. Tabatha Ricci UFC Macau Odds, Time, and Prediction
UFC Fight Night 248 is headlined by Petr Yan vs. Deiveson Figueiredo, but there are plenty of other interesting matchups on the fight card. One that really stands out is the Yan Xiaonan vs. Tabatha Ricci Women’s Strawweight fight, which we’ll analyze in detail in this preview. Yan Xiaonan vs. Tabatha Ricci Odds Moneyline Odds […]
Legal
November 15, 2024
Hong Kong Authorities Crack Down on Gambling Den, Arrest 16
The Hong Kong police have cracked down on an illegal gambling venue, arresting over a dozen people in the process. A total of six gambling machines were seized by the authorities, according to reports. A Rented Apartment Was Used as a Gambling Hall The illegal gambling den was located on Fa Yen Street in Mong […]
