Search Results for macau | World Casino News

Emperor Entertainment Hotel Ltd expects net loss in Macau due to travel restrictions

October 21, 2020

Latest Casino and Gambling News, Economy/Finance, Macau

Emperor Entertainment Hotel Ltd is the operator of the Grand Emperor Hotel, a casino venue in Macau. The operator expects to see a net loss of around HKD160 million ($20.6 million) from April through September....

Meagre early-October success for Macau casinos

Adam Morgan

October 13, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The first eleven days of October reportedly saw the 39 casinos in Macau record average daily aggregated gross gaming revenues that were some 221% higher month-on-month at approximately $30 million. According...

Brokerage predicts long road to recovery for Macau casino industry

Adam Morgan

October 9, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The Asian branch of financial services giant JP Morgan Securities has reportedly announced that it expects aggregated gross gaming revenues for the 39 casinos in Macau to reach as high as $36.58 billion for the...

Macau chalks up dismal ‘Golden Week’ visitation numbers

Adam Morgan

October 8, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

In Macau and this year’s edition of the annual ‘Golden Week’ national holiday reportedly proved disappointing as the city saw the number of inbound tourists decline by 85.7% year-on-year to just 139,280. Acc...

Macau experiences 90% tumble in September gaming revenues

Adam Morgan

October 1, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The ongoing coronavirus pandemic is reportedly continuing to negatively impact the 39 casinos in Macau as their aggregated gross gaming revenues for the whole of last month dropped by 90% year-on-year to stand ...

Macau legislator comes out in favor of limited legalized iGaming

Adam Morgan

September 23, 2020

Latest Casino and Gambling News, Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Lottery, Online Gambling News, Macau, Sports betting, Taxation

In Macau and a senior legislator has reportedly urged the government to consider legalizing some forms of iGaming so as to help the city’s public coffers recover from the ongoing impact of the coronavirus pande...

Macau hotels expecting positive ‘Golden Week’ performance

Adam Morgan

September 16, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

In Macau and the beginnings of a post-coronavirus recovery for the local casino industry could reportedly soon be on the cards following news that the city’s combined five-star hotel bookings for the first week...

Junket boss acquires significant stake in Macau Legend Development Limited

Adam Morgan

September 15, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

In Macau and an entity controlled by local businessman Chan Weng Lin (pictured) has reportedly paid approximately $173 million in order to purchase a 20.65% stake in Asian casino operator Macau Legend Developme...

Macau gaming tax revenues being hit by coronavirus slowdown

Adam Morgan

September 10, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Macau, Taxation

The government of Macau has reportedly announced that the city’s 39 casinos handed over almost $76.82 million in aggregated gaming taxes for August to take their combined eight-month reckoning to just above $2....

Macau casinos see light at the end of the coronavirus tunnel

Adam Morgan

September 8, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The 39 casinos in Macau could have reportedly begun to emerge from their very long coronavirus-induced downturn after recently recording a significant improvement in aggregated average daily rate to approximate...

Macau gaming regulator refutes lottery legalization rumors

Adam Morgan

September 7, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Lottery, The Players Lounge, Online Gambling News, Macau, Sports betting

In Macau and the Gaming Inspection and Coordination Bureau regulator has reportedly poured cold water on speculation that it may be about to launch a lottery similar to the Mark Six service already offered to p...

More misery for the owner of Macau’s luxury The 13 hotel

Adam Morgan

September 2, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

In Macau and the company behind the luxury The 13 hotel has reportedly revealed that it has terminated negotiations that were to have seen it offload at least a 50% stake in the 200-room property. According ...

Macau casinos record disappointing August gaming revenues

Adam Morgan

September 1, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The 39 casinos in Macau reportedly continued to be negatively impacted by the coronavirus pandemic last month as their aggregated gross gaming revenues decreased by 94.5% year-on-year to stand at just over $166...

PokerStars announces iGaming exit from China, Macau and Taiwan

Adam Morgan

September 1, 2020

Latest Casino and Gambling News, Taiwan, Online gambling regulation, China, Gaming Industry News, Online Poker, Economy/Finance, Poker, The Players Lounge, Online Gambling News, Asian Casino News, Macau

As part of an ongoing effort to improve its compliance standards, giant online casino and sportsbetting operator Flutter Entertainment has reportedly announced the exit of its PokerStars iGaming brand from Chin...

iSoftBet’s new slot Macau High Roller offers players “two ways to play”

K Morrison

August 16, 2020

Latest Casino and Gambling News, Newest casino games, Gaming Industry News, Mobile gaming, European Casino News, The Players Lounge, Online Gambling News

Take your slot play to the next level in iSoftBet's latest title Macau High Roller, where players are transported to the posh VIP lounges of Asia’s foremost gaming destination. The 3-reel, 5-row game is the ...