Casino reviews from Macau

Macau Casinos Making $67 Million Daily And Heading to Full Market Recovery

Radosav Milutinovic
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Macau’s gaming industry generated around MOP$3.2 billion (US$400 million) in gross gaming revenues over the first six days of August. The analysts of the investment bank JP Morgan noted that the region's daily ...

MGM China Announces Plans To Install More Gaming Tables And Extend Sales And Marketing Teams During Third Quarter

Marija Malenovic
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MGM China Holdings Ltd., a leading Macau-based developer, owner and operator of gaming resorts and accommodation in the Greater China region, revealed that is poised to install additional gaming tables and exte...

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

Radosav Milutinovic
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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...

Hong Kong’s Billionaire Cheng Family Takes Over the Hoiana Casino Resort in Vietnam

Radosav Milutinovic
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After the imprisonment of the Suncity Group CEO Alvin Chau, the control of the Hoiana casino resort in Vietnam has been taken over from the former listed Chau's company by Hong Kong’s billionaire Cheng family, ...

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

Radosav Milutinovic
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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...

Raffles at Galaxy Macau Soft Opening on August 16, 2023

Radosav Milutinovic
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As GGRAsia reports, top-tier casino corporation Galaxy Entertainment Group announced a soft opening of its newest hotel brand Raffles at Galaxy Macau on 16 August. The soft opening will reportedly represent an ...

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 Legend Sells Savan Legend Casino To Focus On Macau Business

Marija Malenovic
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Recently, Macau Legend Development Ltd., the investment holdings company that owns the Macau Fisherman’s Wharf zone and manages the Legend Palace satellite casino, announced that it has struck an initial agreem...

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

Radosav Milutinovic
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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...

Success Universe Group To Renovate Floating Casino Macau Palace In Its Future Expansion

Marija Malenovic
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Success Universe Group, the investor and operator of Macau's Ponte 16 casino, revealed on June 9th that it's currently in the midst of discussions with the government about its future expansion plans, which wil...

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...

Galaxy Entertainment, MGM Resorts International To Reportedly Expand Into Thailand And UAE

Marija Malenovic
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As reported by Bloomberg News, Hong Kong-based Galaxy Entertainment Group Ltd. and Las Vegas-based MGM Resorts International, two leading giants in the iGaming industry, are currently exploring opening casino r...

Macau Casinos Mount Comeback As Mass-Market Players Return; Galaxy Entertainment Group Returns To Pre-Pandemic Profit Levels as EBITDA Reaches US$244M

Marija Malenovic
Latest Casino and Gambling News, Casino Destinations, Casino News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases
In the first quarter of 2023, casinos in Macau saw a recovery, with Galaxy Entertainment on Monday the newest to announce a big rebound in profit after the official lifting of Covid-19 restrictions. Returnin...