Reviews from the Cotai Strip

Macau’s Mass Market Baccarat Generated $3.32 Billion In Q2 2023

Radosav Milutinovic
Reviews from the Cotai Strip, Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casino News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Macau, Crime, Fines, Lawsuits & Litigation
The Macau gaming regulatory body, Gaming Inspection and Coordination Bureau (DICJ), has released the industry revenue results for the second quarter of 2023. According to the results for the period that ended o...

Morgan Stanley: Macau Earnings to Reach 69% of 2019 Levels in Q2 2023

Radosav Milutinovic
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As Inside Asian Gaming (IAG) reports, banking group Morgan Stanley expects that the earnings before interest, tax, depreciation, and amortization (EBITDA) of the Macau industry will reach US$1.6 billion in the ...

Macau Tax Revenue Increases 15% in May, Contributes 79% to Total Region’s Income

Radosav Milutinovic
Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, Casino News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Financial Press Releases
Inside Asian Gaming reports that the Macau government collected MOP$5.7 billion (US$706 million) in gaming tax revenue in May 2023. The source also transfers the data from the Financial Services Bureau reportin...

Macau Gaming-Related Crime Rate Increased 24% in Q1 2023

Radosav Milutinovic
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The Office of the Secretary for Security of Macau presented the statistics indicating that the popular gaming destination recorded 158 cases of crime related to gaming operations in the first quarter of 2023. T...

Macau Gaming Industry Generated 237% More Tax Revenues in April

Radosav Milutinovic
Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, Casino News, China, Casino reviews from Macau, World Casino News, Hong Kong, Gaming Industry News, Taxation, Asian Casino News, Macau, Financial Press Releases
The strong Macau gaming industry growth in the first quarter of 2023 continued throughout the month of April as well. Inside Asian Gaming reports the figures released by the Financial Services Bureau to indicat...

Bill Proposal to Limit Macau Gaming Credit Facilities Through Penalty Scheme

Radosav Milutinovic
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The Macau SAR Government proposed a bill that would make concessionaires the sole entities authorized to issue gaming credits. As Inside Asian Gaming reports, the bill would prohibit casino management companies...

MGM Resort International Generated $3.9 Billion Revenue in First Quarter of 2023

Radosav Milutinovic
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MGM Resorts International, the Las Vegas-based global gaming and entertainment giant, today reported financial results for the first quarter of 2023. The company generated $3.9 billion in net revenues by March ...

IMF Expects Gaming Exports to Boost Macau’s Economic Growth to 59% in 2023

Radosav Milutinovic
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Within the scope of the latest release of its World Economic Outlook, the International Monetary Fund (IMF) anticipates that the economy of the Macau Special Administrative Region (SAR) will grow by 58.9% in 20...

Melco Opens Foreigner-Only Gaming Areas In Its Macau Facilities

Radosav Milutinovic
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Lawrence Ho, the Chairman and CEO of Asian casino operator Melco Resorts, confirmed Thursday that the company has now opened three gaming areas of its Macau-based casinos exclusively to be used by foreign playe...

Macau GGR Reaches $1.27 Billion in February to Maintain High Levels While Lifting Restrictions

Radosav Milutinovic
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Gross gaming revenue (GGR) accomplished by Macau’s casinos in February amounted to MOP10.32 billion ($1.27 billion), which is the third-best monthly GGR performance since January 2020 regardless of the end of t...

MGM Resorts Hits Record Market Share and Daily Revenue Levels in Macau in January 2023

Radosav Milutinovic
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Following the January 8 re-opening of the Macau gaming facilities, global gaming giant MGM Resorts, led by its CEO and President Bill Hornbuckle, announced that the company’s Macau IRs are currently delivering ...

Macau gaming revenue bounces to $1.43 billion in January to reflect pre-pandemic levels

Radosav Milutinovic
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Macau’s casino gross gaming revenue in January 2023 amounted to MOP$11.58 billion (US$1.43 billion), which is the highest gaming revenue level achieved in the region since January 2020. 233% above December 2...