Search Results for macau | World Casino News

Macau planning financial rules change to allow for ‘digital yuan’ adoption

April 14, 2021

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

In Macau and officials are reportedly preparing to amend the enclave’s financial rules so as to allow for the complete adoption of a digital version of the yuan currency currently being trialled by the governme...

Macau casinos continuing to recover from last year’s coronavirus-related plunge

Adam Morgan

April 1, 2021

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

The 40-strong casino market in Macau is reportedly continuing its slow recovery from last year’s coronavirus-related slump after posting a rise of around 13.6% month-on-month in aggregated gross gaming revenues...

Annual deficit for Macau’s Success Universe Group Limited

Adam Morgan

March 31, 2021

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

In Macau and local casino firm Success Universe Group Limited has reportedly disclosed that it lost approximately $18.3 million last year due in large part to the temporary coronavirus-related shutdown of its f...

Macau casino market continues its slow recuperation

Adam Morgan

March 23, 2021

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

The almost 40 casinos in Macau are reportedly continuing to slowly recover from the impacts of the coronavirus pandemic after last week posting a rise of 18% month-on-month in daily aggregated gross gaming reve...

Galaxy Macau planning to debut all-suite Raffles-branded hotel later this year

Adam Morgan

March 2, 2021

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

French multinational hospitality behemoth Accor SA has reportedly announced the signing of an agreement that is to see it bring a Raffles-branded hotel to the giant Galaxy Macau development. According to a M...

Macau records extraordinary swell in February gross gaming revenues

Adam Morgan

March 1, 2021

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

The casino hotspot of Macau is reportedly continuing to recover from the devastating impacts of the coronavirus pandemic and last month saw its aggregated gross gaming revenues rise by an impressive 135.6% year...

Galaxy Macau planning to feature eight new hotels by the end of 2025

Adam Morgan

February 25, 2021

Latest Casino and Gambling News, Casino News, Casino expansion projects, New Hotels, Gaming Industry News, Economy/Finance, Macau

Asian casino operator Galaxy Entertainment Group Limited has reportedly announced that it eventually intends to bring eight new hotels offering a total of at least 3,000 rooms and villas to its giant Galaxy Mac...

Macau gaming stocks rally following positive coronavirus news

Adam Morgan

February 23, 2021

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

The value of individual shares in Macau’s six licensed casino operators reportedly rallied earlier today following positive news regarding aggregated gross gaming revenues, local border restrictions and the rol...

Galaxy Entertainment Group to commence Galaxy Macau Phase 4 development

K Morrison

February 22, 2021

Latest Casino and Gambling News, Casino News, World Casino News, Casino expansion projects, Gaming Industry News, Casino project updates, Asian Casino News, Macau, Mergers, Acquisitions & Partnerships

As part of its ongoing expansion in Macau, Galaxy Entertainment Group Ltd (27:Hong Kong) (GEG) has announced its Galaxy Macau Phase 4 project, which comes in at a reported cost of MOP$13.01 billion (US$1.63 bil...

Macau chalks up a substantial drop in annual casino tax revenues

Adam Morgan

February 19, 2021

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

The government of Macau has reportedly announced that 2020 saw the annual tax contribution from the city’s collection of almost 40 casinos plunge by 73.6% year-on-year to stand at approximately $3.73 billion. ...

Macau records disappointing January gross gaming revenues

Adam Morgan

February 1, 2021

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

The almost 40 casinos in Macau are reportedly continuing to be negatively impacted by the coronavirus pandemic as they saw aggregated gross gaming revenues for January decrease by some 63.7% year-on-year to sli...

Macau’s VIP gaming sector being hurt by coronavirus

Adam Morgan

January 29, 2021

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers, Macau

In Macau and a leading government official has reportedly declared that it is an ‘inevitable reality’ that the number of VIP gaming clubs will continue to decrease as a direct result of the coronavirus pandemic...

Genting Hong Kong Limited looking to completely divest from Macau

Adam Morgan

January 29, 2021

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

The Genting Hong Kong Limited cruise ship subsidiary of Asian casino giant Genting Malaysia Berhad has reportedly announced that it will likely look to sell off the remaining interest it holds in a subordinate ...

Las Vegas Sands Corporation may soon be forced to spend big in Macau

Adam Morgan

January 28, 2021

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

The newly-appointed Chairman and Chief Executive Officer for prominent casino operator Las Vegas Sands Corporation, Robert Goldstein, has reportedly detailed that his firm may soon be obliged to spend up to $10...

American casino operators at risk of Macau license rejections

Adam Morgan

January 27, 2021

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

In Macau and a leading political expert has reportedly announced that the enclave’s trio of American casino operators could soon find themselves being used as pawns in the ongoing trade war between China and th...