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Business
September 13, 2024
Wynn Stock Deserves More Credit for UAE and Macau, Suggests Analyst
Amid fears about China’s weak economic outlook, some investors were quick to dismiss Macau and Chinese stocks such as Wynn Macau. The stocks of the company’s parent, Wynn Resorts, have also seen a decrease on a year-to-date basis. Stifel Analyst, Optimistic About Wynn Resorts’ Stocks Still, an expert analyst remained optimistic about Wynn Resorts, especially […]
Business
August 20, 2024
Analyst Cautious on Decelerating Trends for Remainder of 2024
An expert analyst disclosed details regarding the current state of gaming and betting markets in the US and Macau, highlighting a decrease in customer spending is expected throughout the second half of the year. The expert analysis came from J.P. Morgan analyst, Joseph Greff, who was recently quoted by CDC Gaming and commented on important […]
Industry
August 5, 2024
Macau Lawmaker Asks Gaming Ops for More Workforce Consideration
In a recent report, Macau lawmaker Leong Sun Iok and the country’s Federation of Trade Unions showed concern in connection to the mental and physical well-being and health of employees in the gaming industries. As per Macau news outlets, following these concerns, Leong is now asking the government to “promote the social responsibility of gaming […]
Industry
July 18, 2024
CreditSights Predicts Fast Recovery for Macau GGR as Tourism Grows
Macau’s post-COVID recovery continues as the special administrative region continues to attract an increasing number of visitors. According to credit research specialist CreditSights, the money wagered per visitor has been experiencing a steady recovery, returning to approximately 93% of the pre-pandemic levels. According to CreditSights analyst David Bussey, the GGR spend per visitor for the […]
Industry
July 16, 2024
MGM China Hosted Unprecedented Responsible Gambling Course
MGM China announced that it has co-hosted the first of its kind responsible gambling training course in Macau. Alongside the Macao Federation of Trade Unions (FAOM) and the Macao Gaming Industry Employees Home Integrated Services Centre, the operator organized the Contributing a Harmonious Community – Responsible Gaming Promotion Ambassador certificate training course. While MGM acknowledged […]
Legal
July 8, 2024
China Cracks Down on Macau Money Exchange Gangs
In a continued effort to dismantle criminal networks, China’s Ministry of Public Security recently convened a critical meeting in Beijing to discuss the persistent issue of Macau’s “money exchange gangs.” Officials emphasized the necessity of maintaining a stringent, high-pressure crackdown on these illicit groups, which have long plagued the region and violate the country’s strict […]
Casino
July 5, 2024
Suncity Group’s Alvin Chau Loses Appeal of 18-Year Prison Sentence
Macau’s Court of Final Appeal has upheld a prison sentence for former Suncity Group CEO Alvin Chau of 18 years, rejecting his appeal to shorten the term. This comes at the end of a closely watched case that has had major implications for Macau’s casino industry. Macau Court Denies Appeals by Chau and Eight Other […]
Industry
July 1, 2024
Cross-Border Gambling Ring Dismantled by Joint Operation, $1M Seized
According to the Judiciary Police in Macau, a successful joint operation organized by the authorities in greater China’s special administrative region (SAR), Hong Kong and mainland China has put an end to an illegal gambling ring. The complex operation resulted in 93 arrests, with 11 key figures among them, as well as the seizure of […]
Industry
June 18, 2024
Macau Diversifies Away from Gambling with New Gourmet Twist
In order to expand its economy, Macau has made a strategic decision that involves its well-known culinary status as a way of attracting tourists other than the usual casino visitors. Macau to Exploit UNESCO Gastronomy Status Macau was named a “City of Gastronomy” by UNESCO in 2017 and it intends to leverage this recognition by […]
Casino
May 30, 2024
Macau Casino Employees Suspected of Ties to Criminal Group
Considering that casinos handle large sums of cash, they are often vulnerable to attempts of criminal activities. From fraud and cheating to money laundering, land-based casino operators are constantly on high alert to combat unlawful activities and identify bad actors. While in some cases, the culprits are guests, in others, insider involvement is possible. This […]
