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Poker
April 8, 2024
WPT Macau Announces Full Schedule for June
In mid-March, the World Poker Tour announced it was preparing to make history in the worldwide poker community. Namely, the premier name in globally televised gaming and entertainment announced the inaugural launch of the WPT Macau festival scheduled for June 18-June 24 in the People’s Republic of China. The WPT has finally released the full […]
Industry
April 1, 2024
Macau Bids Farewell to Horse Racing
In a bittersweet farewell, the Macau Jockey Club (MJC) hosted its final horse races on Saturday, 30 March, marking the end of an era in the city’s history and officially closing the chapter on animal racing in Macau. Approximately a thousand racegoers, comprising residents and visitors from Hong Kong and mainland China, gathered to witness […]
Industry
April 1, 2024
Macau on the Road to Recovery Pushed by Mass Market Segment
Currently, there are tough restrictions when it comes to gambling in China. The country doesn’t permit poker, casino gambling or iGaming activities, with the sole exception being Macau, China’s Special Administrative Region. For two decades, Macau has been growing its position as a leading gambling hub for the Asian region. However, the COVID-19 pandemic which […]
Casino
March 19, 2024
MGM Critiques Macau’s Foreigner-Only Zones, Highlights Solution
Casino gambling, wagering on sports and iGaming activities are prohibited in China. The country has tough laws when it comes to gambling, but an exception is applied to Macau, a popular tourist destination and a special administrative region (SAR) of China. Although the city offers casino gambling, the crackdown against the activity extended from China […]
Poker
March 13, 2024
World Poker Tour Announces Historic Event in Macau
The World Poker Tour (WPT) prepares to make history with its inaugural event in the People’s Republic of China. In partnership with Allied Gaming & Entertainment (AGAE) and Wynn Macau, the prestigious WPT Macau festival will take place from 18 June to 24 June, marking a significant milestone for the global poker community. Macau’s central […]
Industry
March 7, 2024
IMF: Macau Economy to Return to Pre-Pandemic Levels in 2025
The International Monetary Fund (IMF) has published its outlook for Macau, projecting further recovery of its casino sector and overall economy. Gambling in the special administrative region was affected negatively by the COVID-19 pandemic and China’s Zero-COVID policy but is now on a firm path to recovery. According to the IMF, the recovering GGR will […]
Industry
March 5, 2024
Macau’s Casino Industry Was the Main Driver of Tax Income in 2024
Macau’s Financial Services Bureau has published information about the tax contribution of the region’s six casino concessionaires. According to the report, the special administrative region’s gambling industry continues to be the main driver of tax income. The total tax revenue reported by the government was $10.5 billion. The bureau said that the six casino companies […]
Industry
March 4, 2024
Macau Casinos Report $2.3B in GGR as Post-COVID Recovery Continues
Macau published information about the performance of its gambling industry in February, highlighting its continued recovery. While the special administrative region is yet to publish its official tourism results, the GGR figures suggest that the tourism sector continues to grow. Macau’s gambling industry was previously impeded by the COVID-19 pandemic and China’s zero-COVID policy. For […]
Business
February 28, 2024
GEG Posts Favorable Q4 Results, Underpinned by Macau’s Recovery
Gaming and hospitality giant Galaxy Entertainment Group (GEG) has published its Q4 results, illustrating an optimistic outlook for the company’s business. According to chair Dr Lui Che Woo, the company is well positioned for further growth. In Q4, GEG reported net revenue of HKD 10.3 billion ($1.3 billion), showing a spectacular 254% increase year-on-year. Adjusted […]
Industry
February 20, 2024
Macau Proposes Illegal Gambling Law with Ancillary Penalties
The Macau government’s new legislation proposal aimed at clamping down on crimes related to illegal gambling has been sent to the SAR Legislative Assembly. The latter is now busy studying its content, including a variety of ancillary penalties like player expulsion and the prohibition from entering Macau or an increase in the maximum penalty for […]