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Gambling News - 'Macau'
Industry
May 25, 2023
Sands China Ready to Build a New Hotel Tower at the Venetian Macau
In December 2022, Sands China announced it signed a $377 million brand licensing renewal agreement with Las Vegas Sands (LVS) for the upcoming three years. The agreement that went into effect on January 1, 2023, will allow Sands China to use the fresh international trademark license agreement to offer its subsidiaries including Venetian Orient Ltd […]
Industry
May 19, 2023
Tighter Gaming Credit Regulations in Macau Gain Traction
Seeking to ensure effective regulation of gaming credit, the gambling capital of the world, Macau, recently introduced a new legislative proposal. The proposed regulation, called “Legal regime of credit concession for gambling in casinos,” seeks to enable the government to enforce tight regulations on gambling credit and penalize companies that do not adhere to the […]
Industry
May 10, 2023
Macau Implements Stricter Regulations on Gaming Credit Breaches
Macau, known as the gambling capital of the world, is set to tighten regulations on gaming credit with the introduction of a new bill. Under the proposed legislation titled “Legal regime of credit concession for gambling in casinos,” the Macau SAR Government aims to crack down on any breach of the credit law by concessionaires. […]
Casino
May 8, 2023
Macau Police Apprehend Mainland Suspect in Casino Resort Murder
Macau authorities have identified a 44-year-old mainland Chinese man as the prime suspect in the murder case that unfolded at the notorious casino resort The Parisian Macao earlier this week. Macau’s Judiciary Police (PJ) and Public Security Police Force have revealed that the motive behind the crime appears to be an argument over money. Macau […]
Industry
May 1, 2023
Labor Day Weekend in Macau Attracts 100K Daily Visitors
China’s special administrative region (SAR), Macau, is famous around the world for its flashy casinos providing gambling, as well as other forms of entertainment. Known as a gambling hub, the SAR was significantly impacted by the pandemic-related closures that implemented temporary closures and other restrictions a few years ago. Some three years since the start […]

Casino
April 26, 2023
Macau Continues to Rely on Trip.com to Attract International Casino Players
The changes in the regulatory landscape in Macau mean that local casino operators would have to double down on their efforts to attract an international casino crowd. They won’t be going it alone, however, as the Macau Government Tourism Office (MGTO) is similarly looking to help further boost tourism. MTGO Expands Trip.com Collaboration Yet Another […]

Legal
April 21, 2023
Macau Sentences Tak Chun’s Ex-CEO Chan to 14 Years in Prison
Macau’s junket operators that used to make money from high-rollers grew exponentially in the last 10 years. Everything was going well until the arrest of Alvin Chau, the former CEO of Suncity Group, a leading junket operator. Arrested in November 2021, Chau was sentenced to nearly 20 years in prison back in January this year. […]

Industry
April 14, 2023
Macau Continues Its Long Road toward Diversification
Despite its steady post-COVID recovery, Macau’s gambling sector faces rising competition from other Asian destinations. The local government has spent years attempting to distance itself from gaming and attract tourists with family-friendly options. However, the aftermath of the pandemic and rising economic uncertainty made such efforts exceptionally difficult. The Last Few Years Were Unkind to […]

Casino
April 10, 2023
Melco Resorts Opens New Foreigner-Only Areas in Two Macau Properties
Melco Resorts has expanded its Macau properties with three new gaming areas for foreign players. The news comes amid the strong recovery of the gambling industry in the special administrative region. The company chairman and chief executive officer, Lawrence Ho, spoke about the new areas during the recent opening of an indoor water park at […]

Industry
April 4, 2023
Macau Posts Strong Revenue in March, Surpasses Expectations
After the impact of the pandemic, the gambling sector in Macau started to slowly emerge. The lifting of restrictions combined with the reopening of venues helped the industry begin its recovery. Now, a few years after the pandemic, Macau’s gaming revenues continue to rise and in fact, marked a significant year-over-year increase this March. In […]
