China’s government slapped a third-party payment processor with the record fine for financial transactions tied to unauthorised online gambling sites. Chinabank Did Not Properly Monitor Operations On Tuesday, local media reported that the Beijing office of China’s State Administration of Foreign Exchange had imposed a RMB29.4 million (US$4.2 million) fine on Internet Banking Online (Beijing) […]
The US-China trade war is likely to cause a slow down among Macau casinos in 2020. Melco Resorts’ CEO Anticipates a Slow Year in 2020 Lawrence Ho, Chief Executive at Melco Resorts, suspects that 2020 will be a “down year” for casino operators in Macau. He made the prediction over the weekend, during an interview […]
Wynn Macau, MGM China and Sands China account for 60% of the US$37.6 billion gaming revenue generated in Macau last year, compared to US$11.9 billion collected on the Las Vegas Strip. Last July, US President Donald Trump put into effect his threats about imposing tariffs on Chinese imports in an attempt to narrow the trade […]
Macau gambling industry losing the edge as gross gaming revenues fall for the period between January and October compared to the same period last year. Gross Gaming Revenues in Macau Fall as Visitor Numbers Drop Dwindling visitor numbers have hurt Macau’s gaming revenue after a 3.2% drop recorded in October. The drop as reported by […]
JP Morgan says HK protests won’t affect Macau’s GGR Macau notches up record 25% increase in overall visitors HK protests could affect some future tourist performance in Macau With protests beating on in Hong Kong, Macau seems to retain its GGR prospects, analyst firm JP Morgan has said. Macau in the Clear Despite Brewing Hong […]
Macau operators leverage tech to beat customers Watchdog sweeps in to restrict the practice Tech is suspended by the regulator Macau’s operators have been using technology to boost their security and as it turns out to beat the customer. The region’s gaming regulator has reportedly blocked the practice. Macau’s Operators Banned from Misusing AI/Surveillance Tech […]
MGM China and Melco Resorts set to post record-high GGR Growth boosted by specific investment GGR for Macau in July falls year-over-year Macau-based MGM China and Melco Resorts are expected to report record-high GGR for the second quarter of the year. MGM China and Melco Resorts Expected to Post Big Results Ahead of posting their […]
Wynn announces new $2bn investment project in Macau Renovation of existing Macau property to be completed by 2019 New $2bn project to open doors in 2024 Wynn Resorts Ltd. is boosting its clout in Macau with a $2bn project that will result in 1,300 new rooms and a new building next to the existing Wynn […]
AGA posts gaming data that shows stronger results in US than Macau Tribal gambling alone can compete with the Asian gaming hub The industry in the US generates nearly $10 billion in tax money The United States and Macau continue to vie for the title of the world’s largest gaming market. As it turns out, […]
Wynn Resorts’ VIP revenue falls in Macau The company experience “turbulent 15 months” Q2 results on point Macau’s GGR continues to consolidate month in and month among falling revenues for Las Vegas brands. Wynn Resorts has been caught in the latest profit nosedive. The VIP segment has been affected the most. Wynn Resorts Posts Weaker […]
