Casino reviews from Macau

World Poker Tour Plans to Bring the Tournament Back to Macau in 2024

Radosav Milutinovic
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The World Poker Tour (WPT), an international gaming and entertainment TV attraction, is looking to include Asian gambling hub Macau in its schedule of poker tournaments for the forthcoming period. The brand’s C...

Macau Gaming Industry Estimated to Reach US$29.2 Billion in 2024

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Casino Destinations, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Macau, Online Gambling News, Asian Casino News, Financial Press Releases
Jeffrey Kiang, an analyst at capital markets and investments group CLSA Ltd, estimates that the Macau gaming industry could generate US$29.2 billion in gross gaming revenues in 2024. As GGRAsia reports, such a ...

Macau’s Syndicate Operated Illegal Cross-Border Gambling to Generate $2.4 Million Profit

Radosav Milutinovic
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The illegal gambling organization run by Alvin Chau, the founder of the Macau-based gambling operator Suncity Group, received more than $42 billion in bets from Chinese gamblers from 2015 to 2019, Asian Gaming ...

Macau Casino Industry Strong In December Despite China’s Weakened Consumer Spending

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, China, World Casino News, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, Financial Press Releases
Casino industry in Macau ignored weakened consumer spending in China during December, because it saw a 433% increase in gaming income, and a return of the yearly take to 62.6% from pre-COVID levels. Gross ga...

Macau Reaches 121,000 Daily Average in Tourist Arrivals During Christmas Holidays

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, Casino News, China, Casino reviews from Macau, World Casino News, Hong Kong, Gaming Industry News, Online Gambling News, Asian Casino News, Macau
As expected by the Macau gaming and travel stakeholders, the Christmas season has brought a strong visitor activity to the region. GGRAsia reports that city officials recorded more than 362,600 visitors from De...

Macau Government Proposes Prohibition On Licensed Junkets Issuing Player Loans

Marija Malenovic
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The Government of Macau is suggesting that licensed Macau junkets be prohibited from making loans themselves to players using local casinos, according to comments made on December 15 by Macau Legislative Assemb...

Macau Gaming Shares Are Trading at Their Lowest Levels In December Since Prior To January 8 Reopening

Marija Malenovic
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Industry analysts stay puzzled by the descending trajectory of gaming shares in Macau, which this month, or December, officially fell to their worst levels so far in 2023. In addition, neither the income nor th...

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

Radosav Milutinovic
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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
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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
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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 ...

Macau Experiences New Post-Covid Revenue High In October; GGR To Reach US$26.8bln Next Year

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, Financial Press Releases
During October, the gaming industry in Macau continued to grow in terms of accumulated profits, with gross gaming profit (GGR) reaching a 30.9% increase compared to September's GGR of MOP$19.5 billion, which is...

Macau’s Court of Second Instance Releases Alvin Chau Of Fraud; Orders Him To Pay Nearly US$3.2bln In Compensation

Marija Malenovic
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The Macau’s Court of Second Instance has officially absolved previous Suncity boss, Alvin Chau, and 6 other suspects in the fraud case, which involves finished and attempted crimes. Risen compensation: Ho...

Texas Hold’em Poker GGR In Macau Hits 93.7% Of 2019 Record

Marija Malenovic
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According to information obtained from the Gaming Inspection and Coordination Bureau, the gross gaming income (GGR) collected from Texas Hold’em poker in the regulated Macau market throughout the third quarter ...