Search Results for: "macau"

Macau casinos upping their fight against coronavirus

October 15, 2021

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

The firms behind the 41 casinos in Macau have reportedly upped their campaigns against coronavirus by comprehensively implementing new rules that require employees to be fully vaccinated or present weekly negat...

Macau recovery may be hindered by United States investor interest

Adam Morgan

October 13, 2021

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

American brokerage Jefferies Financial Group Incorporated has reportedly warned that institutional investors could soon begin turning their attention away from Macau’s casino market in preference to potential o...

Macau casinos experience severe ‘Golden Week’ disappointment

Adam Morgan

October 8, 2021

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

Macau reportedly did not have a good ‘Golden Week’ holiday period as its usually impressive daily average casino visitor tally dropped by 93.7% year-on-year to a mere 1,166. According to a report from GGRAsi...

Criticism for Macau’s casino dividend disbursement proposition

Adam Morgan

October 7, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau

In Macau and local legislators may reportedly be forced to utilize existing legal means so as to implement a proposal that would limit the amount licensed casino operators are permitted to pay their shareholder...

Coronavirus setback for Macau’s ‘Golden Week’ optimism

Adam Morgan

September 27, 2021

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

Hopes that the casino industry in Macau would be able to benefit from China’s upcoming ‘Golden Week’ national holiday have reportedly been dashed after the enclave recently recorded two positive cases of corona...

Macau casino and junket firms seek clarity on future regulatory landscape

Adam Morgan

September 22, 2021

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

In Macau and representatives from some of the city’s junket firms reportedly joined casino executives at a meeting on Monday in hopes of getting more details on proposed regulatory changes. According to a Tu...

SJM Holdings Limited forecasts ten-year term for future Macau casino licenses

Adam Morgan

September 22, 2021

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

In Macau and local casino operator SJM Holdings Limited has reportedly announced that it believes the city’s upcoming tendering process will most probably see successful candidates awarded with new ten-year lic...

Morgan Stanley again lowers Macau annual forecasts amid coronavirus stall

Adam Morgan

September 20, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau

For the second time this year and global brokerage and investments firm Morgan Stanley has reportedly cast doubts on the near-future profitability of the Macau casino industry owing to the lingering impacts of ...

Stark reaction to proposed future Macau casino regulations

Adam Morgan

September 15, 2021

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

The value of shares in some of Macau’s largest casino operators was reportedly rocked yesterday after the local government released its latest proposals for how it believes the industry should be regulated into...

Macau to oblige all land-based video slots to feature a clock by the end of 2024

Adam Morgan

September 14, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Game manufacturers, Macau

In Macau and the Gaming Inspection and Coordination Bureau regulator has reportedly announced that all of the enclave’s many land-based video slots will be required to feature an on-screen clock as standard by ...

Economic value of Macau gaming industry falls as a result of coronavirus

Adam Morgan

September 13, 2021

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

The over 40 casinos in Macau reportedly saw their combined 2020 contribution to the local economy drop by 79.6% year-on-year to around $5.22 billion as the coronavirus pandemic sent visitor numbers plummeting. ...

Macau casinos post reduced July combined tax contribution

Adam Morgan

September 8, 2021

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

The over 40 casinos in Macau reportedly contributed just over $319.63 million in aggregated gaming taxes for July as they continued to be negatively affected by the impacts of the ongoing coronavirus pandemic. ...

Macau gaming revenues chalk up August advance despite sequential setback

Adam Morgan

September 1, 2021

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

In Macau and aggregated gross gaming revenues for August reportedly increased by some 234% year-on-year to top $554.49 million despite the disruption associated with a minor outbreak of coronavirus in neighbori...

Macau aggregated gross gaming revenues continued their resurgence in July

Adam Morgan

August 2, 2021

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

In Macau and aggregated gross gaming revenues for July reportedly rose by 528.1% year-on-year to just over $1.05 billion despite the continuing presence of a range of anti-coronavirus travel restrictions. Ac...

Melco Resorts and Entertainment changing the focus of Altira Macau

Adam Morgan

July 28, 2021

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

In Macau and Melco Resorts and Entertainment Limited has reportedly announced that it will soon be transforming the casino within its Altira Macau property into a premium-mass venue at the expense of any VIP bu...