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Industry
December 2, 2024
Macau Anticipates Changes to Economy Under New Leadership Strategy
The gambling sector represents a major part of the tax revenue in Macau, China’s special administrative region where the activity is legal. With approximately 80% of the revenue coming from gambling activities, the region hinted at plans to shift its focus from gambling to tourism, entertainment, leisure and hospitality. The aforementioned plan was first announced […]
Industry
November 20, 2024
Macau’s Gaming Sector Faces Global Pressures
Macau’s gaming industry is navigating a complex landscape shaped by robust recovery prospects and the looming shadow of international geopolitical pressures. Recent data indicates an optimistic upward trajectory in gross gaming revenue (GGR), but doubts persist due to external influences and shifting investor sentiments. Financial Forecasts Remain Positive Gross gaming revenues in Macau surged 6.6% […]
Sports
November 19, 2024
Petr Yan vs. Deiveson Figueiredo UFC Macau Odds, Time, and Prediction
Both Petr Yan (17-5) and Deiveson Figueiredo (24-3-1) are ex-UFC champions but in different weight classes. Yan used to be the UFC Bantamweight champ, while Figgy is a former 2-time champ in the division below. Since moving to the 135-pound class, he’s 3-0, but UFC Macau odds suggest he’s going to lose to Yan. Should […]
Industry
November 12, 2024
Galaxy Entertainment Group Chair Lui Che Woo Passes Away
Galaxy Entertainment Group (GEG), a company that operates casinos and hotels in Macau, has announced with a heavy heart that its chairman and founder passed away. The company added that it doesn’t expect the unfortunate event to have an impact on its operations. GEG Bid Farewell to a Great Leader According to the announcement, Dr […]
Industry
November 1, 2024
Macau October Gross Gaming Revenue Surges to New Heights
Macau’s gross gaming revenue (GGR) climbed to MOP 20.8 billion ($2.6 billion) in October, the best month the region has experienced since COVID-19 restrictions were relaxed at the beginning of last year. According to Macau’s Gaming Inspection and Coordination Bureau (DICJ), this figure surpasses the previous high of MOP 20.2 billion ($2.52 billion) set back […]
Industry
October 28, 2024
Problem Gamblers in Macau Reach Record High in H1 2024
Macau has been a historic conversion of chance and opportunity. The Special Administrative Region (SAR) of China has become a Las Vegas of Asia, at a time when China is not only firmly opposed to gambling, but also cracks down on illegal gambling operations overseas. Macau Sees More Gambling Disorder Cases in H1 2024 Than […]
Industry
October 17, 2024
New Macau Legislation Cracks Down on Illegal Gambling
The new law targeting illegal gambling operations received unanimous approval in Macau’s Legislative Assembly. This effort represents the latest attempt by the city to reorganize its gaming industry. All 32 legislators voted in favor of the “Law to Combat Crimes of Illegal Gambling” in the Wednesday plenary session, targeting unauthorized online gambling, the running of […]
Industry
October 14, 2024
Macau’s First Mainland China-Born Hub Leader to Taper Off Gambling
Amid last week’s news of Macau hitting a record 1.1 million visitors during Golden Week, which commemorates the anniversary of the founding of the People’s Republic of China, the largest gambling hub in the world now has a new leader in the person of Sam Hou Fai. The 62-year-old, who is one of the province’s […]
Industry
October 8, 2024
Macau Records 1.1M Visitors During Golden Week
Macau authorities announced that it approximately 1.1 million people have visited the special administrative region during the National Day holiday period known as Golden Week. This figure exceeded the projected target of 130,000 daily arrivals. Visitation Increased Dramatically The period between September 29 and October 6 saw a daily average of 138,000 visitors and is […]
Industry
September 17, 2024
Macau Blocks 36K Illegal Gambling Sites in H1
The Macau Office of the Secretary for Security has published its report on gambling crime for the first half of the year. This provided insight into the crime-related challenges the special administrative region’s gambling sector has been facing and the authorities’ success in tackling them. Macau Has Blocked Thousands of Illegal Websites in 2024 Alone […]
