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Industry
June 28, 2021
Macau Visitation Numbers Likely to Be Less This Year Than Previously Thought
When 2021 began, it looked like Macau might be ready to make a significant rebound from the devastation caused by COVID-19 last year. While there weren’t any major upswings in casino revenue, there were steady increases in tourism and activity that painted a brighter picture for the rest of the year. That led the Macao […]
Industry
June 22, 2021
Analysts Back Down on Macau Recovery as Hong Kong Restrictions Continue
Macau was converted into a virtual ghost town for much of 2020 because of the COVID-19 pandemic. It seemed like 2021 was going to bring a lot of positive activity as restrictions started to be lifted and gross gaming revenue (GGR) began to recover. However, even as industry analysts were starting to become more optimistic […]
Industry
June 21, 2021
Macau Authorities Expect to Double Casino Regulators
The gambling mecca of Macau is set to face tougher regulations as government authorities look to double the number of casino inspectors. Several departments are tipped to be restructured, as the city looks to ramp up its hold over the casino industry. The move to beef up supervision of the gambling hub comes as the […]
Casino
June 18, 2021
Las Vegas Sands Hopes to Find Аllies as It Fights $12-billion Lawsuit in Macau
The case pitting Las Vegas Sands (LVS) against a former business partner is finally getting underway in a Macau courtroom. Marshall Hao, a Taiwanese businessman behind Asian American Entertainment Corporation (AAEC), is suing the casino operator over what he asserts is a breach of contract linked to LVS’s entry into the Macau gaming industry. It’s […]
Legal
June 9, 2021
Las Vegas Sands Brought to Macau Court over $12B in Damages
A lawsuit filed in Macau against Las Vegas Sands (LVS) nearly a decade ago by a former casino license partner is seeking a mammoth compensation from the casino giant, Reuters reports. Claims for 70% of LVS’s Profits Asian American Entertainment Corporation, a company LVS submitted a joint bid for a Macau gaming concession in 2001 […]
Casino
June 9, 2021
MGM Resorts-backed Venture to Launch the MGM Name in China
The Diaoyutai State Guesthouse in China has played host to foreign dignitaries like Vladimir Putin, Kim Jong-un, Theresa May, Richard Nixon and others since it opened in the 1950s. It is also the former home of China’s Cultural Revolution, which lasted from 1966 to 1976. While that cultural revolution had a completely different goal in […]
Casino
June 8, 2021
Macau Might Test the Entire City for COVID-19 as Outbreaks in China Appear
Macau had started down a path of recovery following the COVID-19 debacle and seemed to be ready to beat expectations. However, there have been pockets of outbreaks of the coronavirus in mainland China that are now threatening that recovery. Now, in order to prevent the city from falling victim once again to a major shutdown, […]
Casino
June 4, 2021
Las Vegas Sands Boss Unimpressed with the Progress of Macau’s Recovery
Recovery of Macau’s gaming market is moving very slowly, a result of a year-long COVID-19 pandemic that continues to hint at a resurgence. Even as some progress has been made in controlling the coronavirus and getting Macau back on its feet, Robert Goldstein, the chairman, and CEO of Las Vegas Sands (LVS), isn’t happy with […]
Casino
June 2, 2021
Casino Operators in Macau Initiate COVID-19 Employee Vaccinations
Casino operators in Macau are joining the fight against COVID-19 by organizing vaccinations for their employees. SJM has announced that it plans to launch a massive vaccination program, while Sands China already started vaccinating its employees and their families. SJM to Launch a Massive Vaccination Program To fight against COVID-19, Health Officials in Macau have […]
Industry
May 31, 2021
Macau under Threat as Spike in COVID-19 Cases Seen in China
There was a time when it seemed like COVID-19 was almost completely eradicated in most countries, but the pockets of outbreaks show that there is still more work to be done. Macau was hit hard by the pandemic, with the gambling city turning into a ghost town as borders and casinos were forced to be […]