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Business
May 24, 2021
South Shore Holdings May Be on the Brink of Folding as it Halts Trading
In Western culture, the number 13 is associated with bad luck. However, in Chinese culture, 13 is viewed differently, and is associated with prosperity and good fortune. That might have been part of the reason South Shore Holdings decided to name a property it was expanding in Macau “The 13,” but, in this case, Western […]
Casino
May 18, 2021
Macau Legislators Want to Put Casino Operators Under the Microscope
Next year is a crucial year for Macau’s gaming industry as the city, a Special Administrative Region (SAR) under China’s control, is going to have to issue new gaming licenses to its six casino operators. The future of Las Vegas Sands, Wynn Resorts and others in Asia could depend greatly on how the new licenses […]
Legal
May 11, 2021
Macau’s GGR Increases as the City Prepares to Revamp its Gambling Laws
If Macau’s casino scene is any indication, the global gaming industry is on a path toward recovery following the COVID-19 pandemic. 2021 got off to a slow start, but things have continued to pick up since then, with May showing more gross gaming revenue (GGR) gains as the Asian casino hub comes back to life. […]
Industry
May 6, 2021
Head of Macau’s Gambling Authority Given Two-year Extension
To say that Macau is going through a transitional phase would be an understatement. Historically supported by casinos, the city began exploring new endeavors to attract other tourism markets before the onset of COVID-19, which essentially decimated Macau’s gaming scene. The fallout from the global pandemic is going to undoubtedly bring more changes to the […]
Casino
May 5, 2021
Grand Lisboa Palace to Open This Year with 304 Gaming Tables
SJM Holdings has announced it could partially open Grand Lisboa Palace in Macau before the end of its Q2 of 2021. Grand Lisboa Palace in Macau to Open before the End of SJM’s Q2 SJM Holdings will open its long-anticipated Cotai integrated resort, Grand Lisboa Palace, in Macau, the gambling capital of the world. The […]
Casino
May 4, 2021
April Was Good to Macau, as Casinos Record Highest Total in More Than a Year
It can now be said, with guarded optimism, that Macau is headed in the right direction with its post-COVID-19 recovery. After suffering a year of virtually non-existent revenue, the city has now recorded two consecutive months of improvement, with March and April bringing substantial gains. The latest figures have been released by Macau’s Gaming Inspection […]
Casino
April 27, 2021
Macau Casinos Expected to See Significant Response for Upcoming Holiday
For virtually all of 2020, casino operators in Macau could only stare at empty or near-empty gaming floors as the COVID-19 pandemic locked the city down. Stress and anxiety were the terms du jour for months on end as it seemed like the situation would never improve. Macau ended the year with almost no positive […]
Casino
April 23, 2021
Las Vegas Sands Ready to Boost Asian Gaming Operations
Las Vegas (LVS) Sands might have its eye on expansion into Texas, but it appears to be ready to dedicate a lot more time to its casinos in Asia. The casino operator is expected to come into a serious amount of cash soon and isn’t quite sure what to do with it. According to a […]
Casino
April 22, 2021
Macau Continues to See its Gaming Market Rebound with New Gains
The good news is that Macau’s gambling scene appears to be headed in the right direction, with increases in gross gaming revenue (GGR) and run rates being reported in April. The bad news, though, is that it seems like the increases are bringing with them the return of certain bad elements, as the number of […]
Industry
April 15, 2021
Macau Could Be Positioning Itself Closer to Use of China’s Digital Currency
Several months ago, a disturbing report surfaced that indicated that Macau might be considering adopting China’s new digital currency, the digital yuan, as the primary currency at the city’s casinos. The rumors were initially refuted by city leaders; however, the revelation had been made by sources involved with the initiative. Now, there’s no denying the […]