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Industry
October 2, 2023
Macau Reports Impressive Gaming Revenue Increase for September
The gambling province of Macau has reported an extraordinary surge in gaming revenue for September 2023, showcasing its resilience and rapid recovery. Although the MOP 14.9 billion ($1.85 billion) falls below August’s results, this remarkable recovery indicates a positive trend amidst the challenges of the COVID-19 pandemic and changing government policies. Most Metrics Recorded Substantial […]
Casino
September 26, 2023
Wynn Macau’s Cancelation of the HallyuPopFest Causes Online Outrage
Casino and hospitality company Wynn Macau was planning to host a spectacular K-pop festival, promising visitors a lot of musical enjoyment. Unfortunately, the event had to be suddenly called off, prompting disgruntlement among fans. The so-called HallyuPopFest Macau 2023 was set to take place on October 21 and October 22 and welcome some of the […]
Casino
September 21, 2023
Macau Reports Decrease in Gambling Participation Rates and Gambling Disorders
Macau, renowned as a global gambling hub, has reported significant shifts in its gambling landscape. The territory’s Social Welfare Bureau (IAS) cited a recent University of Macau survey, noting that gambling participation and gambling disorders among adults significantly decreased in 2022. These figures match Macau’s efforts to diversify its offerings and gradually reduce the role […]
Industry
September 1, 2023
Macau Posts Strong August Results but Is Yet to Surpass the Pre-Pandemic Levels
Macau’s gaming market continues to show clear signs of recovery as the region’s industry posted a spectacular year-on-year growth of 686%. With China’s zero-COVID policy finally a thing of the past, the restrictions that weighed down on the industry have finally been lifted. In August alone, Macau’s gaming industry reached a respectable $2.13 billion (converted […]
Casino
August 4, 2023
Gambling Capital Macau Completes First Round of Iris Check Border Controls
There are 500 clearance devices that will be installed moving forward and the government is expected to ask residents to test the technology. Should the test run successfully, the iris-clearing border checks may be rolled out on a larger scale and be introduced at every border check in Macau. Running More Tests Before Large-Scale Implementation […]
Casino
July 19, 2023
Wynn Macau Expands Global Reach with Preferred Hotels & Resorts Partnership
By joining the Preferred Hotels & Resorts Legend Collection, Wynn Macau and Wynn Palace will help diversify the two properties’ client base, hopefully attracting more foreign visitors. The independent hotel brand will utilize its strategic sales solutions to drive growth and customer retention. This partnership leverages Macau’s ongoing recovery and Wynn Resorts’ financial success, positioning […]
Industry
July 12, 2023
Junkets Have Marginal Impact on MGM China’s Revenue, Report Says
Over the last few years, Macau has been cracking down on junket operators which ultimately resulted in a significant decrease in their number. Some 10 years ago, there were more than 200 junket operators, a number that has decreased to approximately 30 in 2023. Now, a new report reveals that the decreasing number of junket […]
Business
July 7, 2023
Light & Wonder Introduces Its Kascada Slots in Macau
This is the first time that the Australian gaming supplier has had the opportunity to launch the Kascada Dual Screen and Kascada Portrait solutions in Macau. Light & Wonder has so far refrained from specifying where the cabinets can be found, not volunteering the names of the partner-integrated resorts. Light & Wonder Rolls the Kascada […]
Casino
July 3, 2023
Macau Posts MOP$15.52B in June GGR, YTD Reaches 54% of 2019
Gaming in Macau registered its first month with a decrease in gross gaming revenue (GGR) on a subsequent basis since all travel restrictions for the Special Administrative Region (SAR) of China have been lifted. Recovery Slowing Down but Strong The monthly Games of Fortune statistics report published by the Gaming Inspection and Coordination Bureau (DICJ) […]
Casino
June 21, 2023
Melco Resorts Upped to Outperform by Credit Suisse
Developer, owner and operator of integrated casino resorts in Asia and Europe, Melco Resorts & Entertainment, has seen its rating upped from Neutral to Outperform by Credit Suisse. Summer Holidays and Chinese Policy Credit Suisse said in its report that summer holidays and developments around Chinese policy were behind the decision to raise the rating […]
