Blockchain
May 5, 2022
APE Holdings Enters the Metaverse, Launches Asia Tigers Club
Asia Pioneer Entertainment Holdings (APE Holdings), a supplier of gaming equipment based in Macau, announced its entry into the metaverse with the launch of the group’s first non-fungible token (NFT). Determined as a Tiger Asia Tigers Club, an NFT collection of 8,800 Picture For Profile (PFPs) unique and fashioned images of tigers based on the […]
Casino
May 5, 2022
Macau Set to Gain Access to Confidential Junket Documents
Macau wishes to keep its future junket operators under close supervision, but not everyone agrees. In fact, members of the Second Standing Senate Committee of the Macau Legislative Assembly have voiced concerns that the text of the proposed Legal Framework for Operating Games of Chance in Casinos could be a tad too overreaching and introduces […]
Casino
May 4, 2022
Macau Hits Sub-100K Visitors for Labor Day Holiday
Macau was hoping that the holiday period would help it pick up a little, but a last-minute flare-up of COVID-19 infection in neighboring China and Guangdong Province, in particular, has quickly dried up the flow of tourists across the border. Things are back to normal, but the damage has been done with China’s annual Labor […]
Casino
May 4, 2022
Macau Does Away with Junket Agents’ Residence Issue
Macau continues to work on the imminent changes to the gambling laws in the country with a meeting on Tuesday once again discussing the Legal Framework for Operating Games of Chance in Casinos bill. The discussions carried out by the Second Standing Committee of the Macau Legislative Assembly focused on discussing a number of pressing […]
Casino
May 3, 2022
MGM China Reports 9% Revenue Drop in 1Q2022 Due to Travel Restrictions
The top developer and operator of gaming venues and resorts in the Greater China region MGM China Holdings Limited (MGM China) have reported its Q122 results. According to data provided by its parent company MGM Resorts International, MGM China recorded a revenue of $268 million in the first quarter of the year that ended on […]
Industry
May 2, 2022
Gross Gaming Revenue in Macau Hits Rock Bottom in April
April was a tough month for operators in Macau, judging by recently released figures by the Gaming Inspection and Coordination Bureau. GGR in April Hits $335M, Lowest since September 2020 Last month, the gross gaming revenue (GGR) in Macau hit MOP$2.68 billion ($335 million), according to newly released data. This marked a record low value […]
Casino
April 29, 2022
Junkets Debacle Pose no Threat to Sands China
The fall-from-grace by Macau junket operators has exposed certain operators to subsequent risks of being caught in the cross-fire between wronged VIP players and junkets that have disappeared from the market, unable to repay customers. This has posed a serious threat to the order of things in Macau with concessionaires fearing retribution. Some, such as […]
Casino
April 29, 2022
Las Vegas Sands Corp Reports $478 Million Loss for the First Quarter of 2022
The US-based casino resort operator Las Vegas Sands Corp posted net revenue of $943 million for the first quarter of 2022, compared to $1.2 billion in the prior-year quarter. The revenue of the casino division was $627 million of the total revenue, while the accommodation revenue amounted to $95 million. The revenue from food and […]
Casino
April 28, 2022
Macau’s Junket Employees Struggling to Find Employment
The re-regulation of Macau’s junket sector and a crackdown on shady operators were bound to come with implications for the employment of regular folk in the sector. This is the conclusion of a new report that examined how the recent upheavals in the sector have impacted the livelihoods of people employed in the junket industry. […]
Casino
April 26, 2022
Bernstein Expects Macau’s Slow Recovery as Restrictions Continue to Drop
Macau’s Novel Coronavirus Response and Coordination Center continue to ease up restrictions for travelers from Guangdong province, which will pave the special administrative region’s recovery in the following months. This is the conclusion brokerage firm Bernstein has reached after analyzing the region’s economy. Easing up of Traveling Restrictions Benefits Macau Macau has been fairly closed-off […]
