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Casino
February 5, 2024
Macau Casinos Navigate Debt Maturities Amidst Positive Revenue Outlook
Macau’s gaming operators are facing the challenge of upcoming debt maturities, with significant obligations slated for 2025. However, amidst the financial landscape shaped by the COVID-19 pandemic, these operators seem prepared to handle the situation with cautious optimism. Macau Casinos Delay Debt Refinancing for 2025, Eyeing Improved Cash Flow According to recent insights from S&P […]
Industry
January 24, 2024
Macau Casino Chip Scam Results in Arrest of Eight Suspects
Casino operators are often targeted by criminals who attempt to cheat or manipulate the games for their advantage. While some try to cheat, others engage in fraudulent activities such as using fake chips to play. Last year, a massive fraudulent scheme was uncovered in Macau with police authorities seizing nearly 1,000 fake chips. During the […]
Casino
January 23, 2024
Macau Gaming Service Index Hits Record Score in 2023, Survey
Casino operators across the globe constantly strive to improve the conditions for their customers by rolling out different amenities. From comfortable chairs to the latest video slots and a wide range of table games, the competition among operators is fierce. Currently, Macau is one major gambling hub for the Asian region and operators there also […]
Business
January 19, 2024
Deutsche Bank Analyst Reevaluates Q4 Projections for Las Vegas Sands
Las Vegas Sands, the globally recognized hospitality and gaming company, confirmed the launch of a massive revamp at Marina Bay Sands back in February 2022. Earlier this week, the second phase of the project was initiated which involved a $750 million reinvestment. Again, this week, Las Vegas Sands’ share price target marked an increase. Carlo […]
Industry
January 17, 2024
End of an Era: Macau’s Historic Racing Industry Closes in April
The decision to conclude racing in Macau, effective 1 April, has left the racing community in shock, raising questions about the future of hundreds of industry figures. The demise of racing in Macau was not entirely unexpected, given the financial struggles of the Jockey Club over the years. However, the abrupt timing of the decision […]
Industry
January 16, 2024
Macau Can Expect Stable Q4 EBITDA Growth
Macau’s six concessionaires are expected to report a 6% increase in aggregate Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the fourth quarter of 2023, with SJM Holdings and Wynn Macau leading the way. The casino resorts must adapt to rapidly shifting industry trends, but 2024 should present more opportunities than challenges, helping the […]
Industry
January 15, 2024
Macau Jockey Club Terminates Concession as Losses Exceed $2.5B
Macau Horse Racing Company Limited, the company behind the Macau Jockey Club, announced with regret that it has reached an agreement with the Macau government to terminate its concession contract. Under this agreement, the contract will expire on April 1, 2024. The Macau Jockey Club was founded through a contract between the Portuguese government and […]
Industry
January 3, 2024
Macau Witnesses Another Drastic Decline in Junkets
Although Macau remains famous as the Vegas of the East, the region’s casino industry is now a far cry from its heyday of 2014 when 235 junket operators contributed around 60% of the $45 billion casino revenues, more than triple compared to Las Vegas. This drastic reduction is part of several targeted measures by local […]
Business
January 2, 2024
Macau GGR Increase in 2023 to Boost Nongaming Investments
Casino operators across Macau wrapped up a successful 2023 with exceptional results achieved in December and overall good performance throughout the year when compared to 2022. The outstanding results will now push the enclave’s six casino operators, Melco, SJM, Wynn, MGM, Sands and Galaxy, to invest more money into nongaming amenities and projects. The reported […]
Industry
December 12, 2023
New Macau Bill Seeks to Ban iGaming and Outlaw Parallel Betting
Macau continues to crack down on illegal gambling and is planning to introduce a new ban on online gambling amid rising gambling-related crime rates. While online gambling has never been legal in the country, the current laws were introduced a long time ago and are already fairly outdated. Under a proposed new legislative bill, introduced […]