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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 9, 2025
Macau: Baccarat Side Bets Skyrocket in Popularity
Whereas a few years ago, baccarat side bets were not all that popular, they are now all the rage, according to the latest data from Macau. As it turns out, side bets are currently responsible for roughly half of all baccarat gaming revenue. Side Bets Are All the Rage Inside Asian Gaming reported that Clayton […]
Business
May 9, 2025
Macau Struggles to Promote Gambling Awareness to Mainland Tourists
Macau’s push to encourage safe gambling habits among visitors from mainland China runs into red tape and cultural barriers, experts shared at a recent industry event. Policy Divide Hampers Macau’s Responsible Gambling Push for Mainland Visitors At the Global Gaming Expo (G2E) Asia in Macau, scholars pointed out the gap between Macau’s gambling rules and […]
Business
May 8, 2025
Galaxy Entertainment Group’s Growth Remains Stable, Company Bullish on 2025
Galaxy Entertainment Group (GEG), one of Macau’s casino concessionaires, has reported its Q1 results, highlighting a stable increase in revenue and EBITDA. GEG’s Q1 Was Strong In Q1, Galaxy Entertainment’s total GGR reached HKD 10.9 billion ($1.4 billion), up 14% year-on-year. This figure represented a slight quarter-on-quarter decline due to seasonal fluctuations but still demonstrated […]
Industry
May 6, 2025
MGM China Unveils New RG Education Program for Employees
MGM China announced the launch of a new program that will expand its employees’ understanding of gambling harm. The company celebrated the launch with a special ceremony that featured many noteworthy guests. MGM China Unveils the MGM Responsible Gaming Employee Care Program According to MGM China’s announcement, the MGM Responsible Gaming Employee Care Program was […]
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, […]
Industry
April 24, 2025
Macau Pressures Casinos to Step Up Non-Gaming Investment
As Macau’s post-COVID recovery delivers steady, rather than spectacular, financial results, local authorities continue to remind gaming concessionaires of their obligations to support diversification initiatives. Macau Secretary for Economy and Finance Tai Kin Ip has taken charge of these efforts, hoping to hasten the region’s evolution into a leading tourism destination. The Government Is Tightening […]
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 […]
