Junket operators to face more challenges as Macau government proposes one hundred percent rise in capital requirements Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationLicensesMacau April 15, 2016 0The decline of Macau’s casino industry over the last two years has made it difficult for junket operators to run...
Morgan Stanley reports Macau could reach overcapacity by 2017 Sadonna Price Latest Casino and Gambling NewsMacau April 13, 2016 0With several new resort venues in the works for the city of Macau, analysts believe that by 2017, the city...
Macau’s Legislative Assembly needs more time to submit final report on smoking ban vote Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationMacau April 11, 2016 0Macau’s casinos currently allow gamblers to smoke in VIP enclosures and mass market gamblers to use an airport style lounge...
Bernstein analysts believe that Macau will benefit from Individual Visit Scheme changes Renee Kingsley Latest Casino and Gambling NewsAsian Casino NewsMacau March 25, 2016 2The most obvious solution to revive Macau’s struggling casino industry is to stop the anti-corruption crackdown and bring back VIP...
Macau junket operators not interested in setting up services in new Cotai venues Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceMacau March 20, 2016 0With new casinos coming to the Cotai, it would seem that junket operators of Macau would be interested in offering...
Neptune Group says VIP crisis inescapable Kim M Latest Casino and Gambling NewsEconomy/FinanceAsian Casino NewsMacau March 15, 2016 0Gaming promoter, Neptune Group, says that the crisis that has hit the gaming sector hard has rendered the territory’s existing...
Macau gaming firm believes room prices will become competitive while price war not imminent Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceMacau March 13, 2016 0As the Macau gaming industry flounders, operators are trying to determine what to do to bring in gamblers. The Las...
Casino tycoon Lui Che-Woo to build Avatar styled theme park for Galaxy Macau Renee Kingsley Latest Casino and Gambling NewsCasino expansion projectsChinaCasino mogulsMacau March 9, 2016 0Macau billionaire Lui Che-Woo made his fortune by turning the Galaxy Entertainment Group Ltd into the third largest casino enterprise...
Steve Wynn’s compensation falls as VIP tables are ignored by Chinese gamblers Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceMacau March 7, 2016 0With fewer VIP gamblers visiting Macau, the casinos in the once bustling city are now earning less money. With less...
Construction of Cape Verde casino resort started by Macau Legend Kim M Latest Casino and Gambling NewsCasino NewsWorld Casino NewsGaming Industry NewsCasino project updatesAfrican Casino NewsLicensesMergers, Acquisitions & Partnerships February 14, 2016 0Construction of its $290 million Cape Verde Casino Resort has officially begun for Macau-based casino and hotel operator Macau Legend...
Wynn Macau reveals a 27% drop in fourth quarter operating revenues Alex Lanter Latest Casino and Gambling NewsEconomy/FinanceMacauFinancial Press Releases February 12, 2016 0Wynn Resorts Macau published a net revenue report that reveals a drastic drop of 27% for the fourth quarter of...
Cali Group closes two VIP gaming rooms Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceMacau February 6, 2016 0The Cali Group is a gambling junket operator located in Macau that previously had offered four VIP gaming rooms at...
January Gaming Revenues Drop 21.4% in Macau Alex Lanter Latest Casino and Gambling NewsEconomy/FinanceAsian Casino NewsMacau February 2, 2016 0According to the numbers released by the Gaming Inspection and Coordination Bureau, the gross gaming revenue in Macau dropped 21.4%...
Macau junkets to benefit from new app that provides up to date information Renee Kingsley ChinaMoney LaunderingAsian Casino NewsMacau February 2, 2016 0Macau’s casino industry has been in decline for the last 24 months due to the significant decline of VIP gamblers...
DICJ says number of Macau junkets down to 141 Kim M Latest Casino and Gambling NewsCasino NewsWorld Casino NewsGaming Industry NewsEconomy/FinanceAsian Casino NewsMacau January 30, 2016 0Since January 2015, the number of VIP junkets in Macau has decreased to 141 from 183, according to data from...