Macau executive council introduces new tobacco control bill Renee Kingsley Gaming Law & LegislationGaming Industry NewsEconomy/FinanceAsian Casino NewsMacauTaxation July 1, 2015 0Macau was once a gambling haven as casinos provided gamblers with VIP treatment in order to attract them and keep...
Casino stocks increase after Macau announces new visa rules Renee Kingsley Gaming Law & LegislationChinaGaming Industry NewsMoney LaunderingEconomy/FinanceAsian Casino NewsMacauCrimeRacketeeringFinancial Fraud July 1, 2015 0Macau, the biggest gambling hub in the world, is located just an hour away by ferry from Mainland China. Some...
Crackdown on junket operators causes Macau hotel prices to plummet Sam Mitchell Latest Casino and Gambling NewsCasino openingsEconomy/FinanceMacau June 29, 2015 1Hotel rooms are in excess in Macau due to the Chinese government crackdown on Junkets. About 80 to 90 percent...
Macau’s Financial Services Bureau reports 35% drop in govt gaming tax Renee Kingsley Casino NewsChinaGaming Industry NewsEconomy/FinanceAsian Casino NewsMacau June 18, 2015 0When Beijing launched its anti corruption crackdown in February 2014 and targeted Macau’s casinos, many believed that it would be...
Macau gambling regulators debate casino tables in Coloane Sam Mitchell Latest Casino and Gambling NewsCasino openingsEconomy/FinanceMacau June 16, 2015 0Macau Legislator, Au Kam San is currently inquiring as to whether the government plans to approve Coloane casino plans. Coloane...
VIP revenue slump causes two junket operators to scale back Sam Mitchell Casino closuresMacau June 10, 2015 0Neptune Guangdong Group and David Group are two of the largest junket operators in Macau. They announced their intention to...
Galaxy Phase II opens with Broadway Macau Lars Jones Latest Casino and Gambling NewsCasino openingsNew HotelsLicensesMacau May 26, 2015 0In just a couple of hours now Galaxy Entertainment Group (GEG) will unveil their much anticipated Cotai projects with a grand opening...
Singapore casinos continue to thrive in spite of low VIP numbers from China Renee Kingsley Latest Casino and Gambling NewsChinaAsian Casino NewsMacauSingapore May 25, 2015 0Macau’s casinos made over fifty percent of their revenue from VIP and high stake gamblers who came in from Mainland...
China’s anti-corruption crackdown causing concerns for Macau casinos Renee Kingsley Latest Casino and Gambling NewsCasino NewsMacau May 20, 2015 0James Packer is one of Australia’s richest men and has a fortune that is estimated to be close to $5...
Galaxy Macau Phase II and Broadway Macau opening May 27 Lars Jones Latest Casino and Gambling NewsCasino NewsCasino project updatesMacau May 19, 2015 0In spite of falling revenue all around them, Galaxy Entertainment Group Ltd is bursting forward with the opening of Galaxy Macau...
Sun City opens junket rooms in Philippines–Macau policies may be reason Sam Mitchell Latest Casino and Gambling NewsCasino NewsEconomy/FinanceMacauPhilippines May 18, 2015 0Sun City is currently the largest junket in Macau with a historic share of the lucrative market in the 25-30% range. They...
Gaming revenue dips; Macau govt surplus down 54.8% Sam Mitchell Latest Casino and Gambling NewsCasino NewsEconomy/FinanceMacau May 14, 2015 0On May 13th 2015, according to the city’s Financial Service Bureau, the surplus for the government of Macau has gone...
Beijing pushes for economic diversification in Macau in order to limit Western financial control Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsMacau May 13, 2015 0Beijing’s anti-corruption crackdown on Macau’s casino industry started early last year and while many expected the crackdown to stop after...
Massive profit losses in Macau–Sands down 54.2%, SJM Holdings Ltd loses 46.5% Q1 Lars Jones MacauFinancial Press Releases May 4, 2015 0Sands China saw all of it’s properties post lower revenues in the first quarter of 2015 for a total profit...
Union Gaming reports that a large number of Macau’s visitors book their tickets only 48 hours before arrival Lars Jones Latest Casino and Gambling NewsMacau April 15, 2015 0Union Gaming Research Macau Ltd recently reported that a large percentage of visitors to Macau are booking their tickets only...