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Industry
September 27, 2021
Macau’s COVID-19 Recovery Is about to Take a Nosedive
The upcoming Golden Week holiday period was supposed to provide Macau with an injection of much-needed revenue. The city and its casinos have been looking forward to this time of the year as a means to show that it has gotten COVID-19 under control. However, it apparently hasn’t and this spells disaster for Macau’s recovery […]
Industry
September 24, 2021
SJM Expects Macau to Cut the Casino License Validity Period to 10 Years
SJM Resorts officials are convinced fresh 2022 tenders are in line for all six operators that are currently in business in Macau. However, it is the company’s belief that the licenses will not last as long as they did before. When Stanley Ho’s monopoly on the gambling market was ended by Macau, which is at […]
Industry
September 23, 2021
Macau Gaming Investors, Operators Breathe Collective Sigh of Relief
COVID-19 was damaging to the global gaming community in more ways than one, but operators were somewhat given an opportunity to prepare. The roller coaster ride in performance was dragged out over more than a year, making it easier – but still unpleasant – for casino companies to adjust their activity. However, as bad as […]
Industry
September 20, 2021
Player Deposits at Macau Casinos Likely Safe with New Rules
Macau’s gaming industry is going through a metamorphosis of sorts right now that has more than a few people uneasy. The city is implementing new laws that will impact casino operators and their properties and one of the recommendations, in particular, has caused a lot of anxiety. Concerns over funds held by Macau’s casinos have […]
Industry
September 15, 2021
Macau Gambling Stocks Deteriorate Following Newly Announced Restrictions
The top gaming stocks in Macau lost $18.4 billion in market value today, Wednesday, September 15, which is a record-breaking number. The loss in market value is a result of the new tight restrictions on gaming operators that officials have announced. One of the changes, if approved, includes the constant supervision of companies by representatives […]
Industry
September 15, 2021
Macau Contemplating Putting a Stop to Casino Sub-concessions
When Macau first introduced legal casinos at the beginning of the century, three concessions were going to be allowed. Then, through some reshuffling and bureaucratic magic, three became six, with the latter three being authorized via sub-concessions. Now, as the city explores massive changes to its gaming laws, the idea of sub-concessions could go away […]
Casino
September 13, 2021
Macau Slot Machines to Get a Feature Not Every Gambler Will Like
Responsible gaming continues to be the leading topic in the gaming industry around the world. Land-based and online casinos are expected by regulators to be more proactive at protecting gamblers from themselves. Macau is making changes to its gaming industry, as well, introducing the new Electronic Gaming Machine Technical Standards version 2.0 that went live […]
Casino
September 9, 2021
Sands China Experiences $125-Million Net Loss in August
Sands China Ltd, a Macau gaming concessionaire and the Asian arm of Las Vegas Sands, states that it fell to a $125 million net loss and $14 million adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) loss in the month of August. According to the company, the main reason behind the losses is the […]
Casino
September 2, 2021
Macau’s GGR Drops in August, but Recovery Could Be Coming
As Macau continues to struggle with its COVID-19 recovery, the numbers are much lower than previously expected. New bouts of the coronavirus, including through the Delta variant, are hurting efforts to rebound and August didn’t bring much relief. According to analysts, September won’t be any better, either, but October could finally result in a welcome […]
Industry
August 26, 2021
Hong Kong Customs Busts Major Money Laundering Operation
Five men have been arrested for money launder when trying to cross the Hong Kong-Zhuhai-Macau Bridge. Hong Kong customs officers claim that the men participated in operations that illegally transported over $22 million in cash that is believed to have been acquired through fraud. The case was reported by the Hong Kong Government itself. A […]