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The Latest in macau
Casino
June 21, 2023
Melco Resorts Upped to Outperform by Credit Suisse
Developer, owner and operator of integrated casino resorts in Asia and Europe, Melco Resorts & Entertainment, has seen its rating upped from Neutral to Outperform by Credit Suisse. Summer Holidays and Chinese Policy Credit Suisse said in its report that summer holidays and developments around Chinese policy were behind the decision to raise the rating […]
Industry
June 19, 2023
JP Morgan: Macau on the Path of Strong GGR Result in June
The recovery of the gambling industry in Macau will continue into June, suggests a Monday note by JP Morgan Securities (Asia Pacific), citing the return of live concerts and its impact on mass market gross gaming revenue (GGR). Daily Run Rate Increased Using weekly data, JP Morgan analysts DS Kim and Mufan Shi outlined that […]
Casino
June 1, 2023
Macau: Strong May GGR Suggests Industry Recovery Underway
Gaming in Macau continued to recover in May but is still far below the pre-pandemic levels according to the monthly report by the Gaming Inspection and Coordination Bureau (DICJ). 2023 Upward Industry Trend Continues The agency overseeing the gaming market in the Special Administrative Region (SAR) of China revealed that in May gambling operators registered […]
Casino
May 26, 2023
Macau Attracts Tourists with a London-Themed Resort
This iconic development, positioned at the heart of Macau’s Cotai Strip, features replicas of London’s most iconic landmarks. The luxury casino resort offers some of the best accommodations and dining experiences, catering to the diverse tastes of its guests. Despite catering to gaming enthusiasts, the resort can remain attractive to non-gamers, aligning with Macau’s desire […]
Industry
May 25, 2023
Sands China Ready to Build a New Hotel Tower at the Venetian Macau
In December 2022, Sands China announced it signed a $377 million brand licensing renewal agreement with Las Vegas Sands (LVS) for the upcoming three years. The agreement that went into effect on January 1, 2023, will allow Sands China to use the fresh international trademark license agreement to offer its subsidiaries including Venetian Orient Ltd […]
Industry
May 19, 2023
Tighter Gaming Credit Regulations in Macau Gain Traction
Seeking to ensure effective regulation of gaming credit, the gambling capital of the world, Macau, recently introduced a new legislative proposal. The proposed regulation, called “Legal regime of credit concession for gambling in casinos,” seeks to enable the government to enforce tight regulations on gambling credit and penalize companies that do not adhere to the […]
Industry
May 10, 2023
Macau Implements Stricter Regulations on Gaming Credit Breaches
Macau, known as the gambling capital of the world, is set to tighten regulations on gaming credit with the introduction of a new bill. Under the proposed legislation titled “Legal regime of credit concession for gambling in casinos,” the Macau SAR Government aims to crack down on any breach of the credit law by concessionaires. […]
Casino
May 8, 2023
Macau Police Apprehend Mainland Suspect in Casino Resort Murder
Macau authorities have identified a 44-year-old mainland Chinese man as the prime suspect in the murder case that unfolded at the notorious casino resort The Parisian Macao earlier this week. Macau’s Judiciary Police (PJ) and Public Security Police Force have revealed that the motive behind the crime appears to be an argument over money. Macau […]
Industry
May 1, 2023
Labor Day Weekend in Macau Attracts 100K Daily Visitors
China’s special administrative region (SAR), Macau, is famous around the world for its flashy casinos providing gambling, as well as other forms of entertainment. Known as a gambling hub, the SAR was significantly impacted by the pandemic-related closures that implemented temporary closures and other restrictions a few years ago. Some three years since the start […]
Casino
April 26, 2023
Macau Continues to Rely on Trip.com to Attract International Casino Players
The changes in the regulatory landscape in Macau mean that local casino operators would have to double down on their efforts to attract an international casino crowd. They won’t be going it alone, however, as the Macau Government Tourism Office (MGTO) is similarly looking to help further boost tourism. MTGO Expands Trip.com Collaboration Yet Another […]