Reviews from the Cotai Strip

MGM China Plans Expansion of MGM Cotai with New Hotel Rooms and Wellness Services

Vanja Mitic
Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, New Hotels, Casino expansion projects, Gaming Industry News, Casino project updates, Casino moguls, Macau
MGM China Holdings Ltd, a majority-owned subsidiary of MGM Resorts International and the Macau-based casino operator, is actively pursuing expansion plans for its flagship property, MGM Cotai. The company has b...

New Baccarat Side Bet Launched in Macau Casinos on 29 April 2024

Radosav Milutinovic
Gaming Law & Legislation, Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, The Players Lounge, Macau, Asian Casino News
Macau's Gaming Inspection and Coordination Bureau (DICJ) has approved a new baccarat side bet offering odds as high as 50 times the stake. Regulator's approval of the side bet will reportedly be welcomed by Mac...

Macau Proposes Illegal Gambling Law Revision to Extend Prison Sentences and Pecuniary Fines

Radosav Milutinovic
Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casino Cheating, Casino reviews from Macau, Unlicensed Operation, Online Gambling News, Asian Casino News, Macau, Financial Fraud
Macau SAR Legislative Assembly is considering a revision of the legislation related to illegal gambling activities in the city. The proposal reportedly includes a range of higher pecuniary penalties for offende...

MGM China’s Adjusted Property EBITDAR Reaches All-Time High For 4Q23 And FY23

Marija Malenovic
U.S.A., Las Vegas, Casino Destinations, Reviews from the Cotai Strip, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, North America Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Asian Casino News, Macau, Financial Press Releases
For one of Macau’s 6 concessionaires, MGM China, last year was its best year of all time in terms of income collected, as it officially revealed all-time highs for 4Q23 and entire year Adjusted Property EBITDAR...

Record-Breaking Daily Visits To Macau Exceed 200,000 to Improve Casino Stocks by up to 10%

Radosav Milutinovic
Casino Destinations, Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, World Casino News, China, Casino reviews from Macau, Gaming Industry News, Hong Kong, Macau, Online Gambling News
Macau gambling industry experiences a rapid growth these days thanks to the Lunar New Year celebrations bringing in an increased number of tourists from Mainland China and Hong Kong. The city officials have rep...

Wynn Macau Ltd Hit Record EBITDAR and Generates $910 Million in Revenues in Q4 2023

Radosav Milutinovic
Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Las Vegas, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Macau, Online Gambling News, Asian Casino News, Financial Press Releases
Now that the first year of post-pandemic gambling operations has run, financial reports of Macau gambling operators indicate that the industry has fully recovered in the region. Total operating revenues of US$9...

Macau’s Mass Table Segment Hit 75% Market Share in Q4 2023

Radosav Milutinovic
Gaming Law & Legislation, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino News, Deal Me In, Casino reviews from Macau, World Casino News, Gaming Industry News, Brick-n-Mortar Poker Rooms, Economy/Finance, Online Poker, Poker, Online Gambling News, Macau, Asian Casino News
Since the Macau casino facilities relaunched operations in January 2023, the mass table market has been constantly growing to account for  75.2% of total table revenue in Q4 2023. The figure reportedly soared f...

Macau Government Collected $6.4 Billion In Gaming Tax Revenues in Ten Months of 2023

Radosav Milutinovic
Casino Destinations, Reviews from the Cotai Strip, Latest Casino and Gambling News, Gaming Law & Legislation, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Macau, Online Gambling News, Taxation, Asian Casino News, Financial Press Releases
Financial Services Bureau of the city of Macau released on 16 November 2023 the data on the financial impact of the Macau gaming industry on the governmental operations. According to the Bureau, the Macau gover...

SJM Holdings’ $53 Million Loss Offset By Booming Grand Lisboa Resort Operations

Radosav Milutinovic
Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Macau, Financial Press Releases
The acceleration of the Macau gaming industry seems to be compensating for the lows experienced during the pandemic. However, the past closures of gambling properties still impact SJM Holdings as the company re...

Melco Relaunches Studio City in Q1 2024 Following the Record Casino Performance

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, Casino News, Reviews from the Cotai Strip, World Casino News, Casino openings, Casino reviews from Macau, Casino expansion projects, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Online Gambling News
Lawrence Ho Yau Lung, chairman and chief executive of the casino operating group Melco Resorts & Entertainment Ltd announces that the group's Macau complex Studio City will be launched in the first quarter ...

Sands China Hits $1.78 Billion Revenue In Q3 2023 To Verify Post-Pandemic Recovery

Radosav Milutinovic
Reviews from the Cotai Strip, Casino News, Latest Casino and Gambling News, Las Vegas, Casino Destinations, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Asian Casino News, Online Gambling News, Macau, Financial Press Releases
It seems that the Sands China has definitely recovered from the lows experienced during the pandemic years as the casino giant registered a $1.78 billion revenue in the third quarter of 2023. When compared to t...

JP Morgan Expects Macau’s September 2023 Revenue Decline Due to Natural Calamity

Radosav Milutinovic
Casino Destinations, Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Online Gambling News, Financial Press Releases
Based on the gross gaming revenue levels reached by Macau's gambling industry in the first ten days of this month and the heavy weather conditions featuring the same period, financial agency JP Morgan reportedl...
mgm

MGM China Invests MOP$15 Billion in New MICE and Arts Spaces in Macau and Cotai

Vanja Mitic
Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, Casino reviews from Macau, Casino expansion projects, Gaming Industry News, Casino project updates, Casino moguls, Macau
MGM Macau and MGM Cotai, MGM China’s Macau resorts, are getting the new MICE and art space. MGM China is owned by the global industry giant MGM Resorts International, which is based in the U.S. An advanced, ...

Major Macau Casino Incurs $727k Loss Due to Counterfeit Chips

Radosav Milutinovic
Reviews from the Cotai Strip, Casino News, Latest Casino and Gambling News, Casino Destinations, China, World Casino News, Casino reviews from Macau, Casino Cheating, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, Online Gambling News, Conspiracy, Crime, Financial Fraud
On August 21, 2023, one of the most prominent casinos on the Cotai Strip in Macau suffered a loss of HK$5.7 million (US$727,000) after a criminal group used fake chips to gamble in the casino. The group of eigh...

Macau Hits Record US $2.05 Billion Revenue Level in July 2023

Radosav Milutinovic
Casino Destinations, Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Macau, Online Gambling News, Asian Casino News
The Macau gambling industry generated MOP$16.66 billion (US$2.06 billion) in gross gaming revenues in July 2023 to set the new post-pandemic monthly record of the region. The month of July thus exceeded the pre...