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Industry
September 1, 2023
Macau Posts Strong August Results but Is Yet to Surpass the Pre-Pandemic Levels
Macau’s gaming market continues to show clear signs of recovery as the region’s industry posted a spectacular year-on-year growth of 686%. With China’s zero-COVID policy finally a thing of the past, the restrictions that weighed down on the industry have finally been lifted. In August alone, Macau’s gaming industry reached a respectable $2.13 billion (converted […]
Casino
August 4, 2023
Gambling Capital Macau Completes First Round of Iris Check Border Controls
There are 500 clearance devices that will be installed moving forward and the government is expected to ask residents to test the technology. Should the test run successfully, the iris-clearing border checks may be rolled out on a larger scale and be introduced at every border check in Macau. Running More Tests Before Large-Scale Implementation […]
Casino
July 19, 2023
Wynn Macau Expands Global Reach with Preferred Hotels & Resorts Partnership
By joining the Preferred Hotels & Resorts Legend Collection, Wynn Macau and Wynn Palace will help diversify the two properties’ client base, hopefully attracting more foreign visitors. The independent hotel brand will utilize its strategic sales solutions to drive growth and customer retention. This partnership leverages Macau’s ongoing recovery and Wynn Resorts’ financial success, positioning […]
Industry
July 12, 2023
Junkets Have Marginal Impact on MGM China’s Revenue, Report Says
Over the last few years, Macau has been cracking down on junket operators which ultimately resulted in a significant decrease in their number. Some 10 years ago, there were more than 200 junket operators, a number that has decreased to approximately 30 in 2023. Now, a new report reveals that the decreasing number of junket […]
Business
July 7, 2023
Light & Wonder Introduces Its Kascada Slots in Macau
This is the first time that the Australian gaming supplier has had the opportunity to launch the Kascada Dual Screen and Kascada Portrait solutions in Macau. Light & Wonder has so far refrained from specifying where the cabinets can be found, not volunteering the names of the partner-integrated resorts. Light & Wonder Rolls the Kascada […]
Casino
July 3, 2023
Macau Posts MOP$15.52B in June GGR, YTD Reaches 54% of 2019
Gaming in Macau registered its first month with a decrease in gross gaming revenue (GGR) on a subsequent basis since all travel restrictions for the Special Administrative Region (SAR) of China have been lifted. Recovery Slowing Down but Strong The monthly Games of Fortune statistics report published by the Gaming Inspection and Coordination Bureau (DICJ) […]
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 […]
