Macau casinos to be substantially impacted by recent COVID-19 outbreak Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceMacau June 20, 2022 0Officials of Macau have kept up with strict regulations since the onset of COVID-19 to keep the virus from attacking...
Galaxy Entertainment Group Limited closes pair of Macau casinos Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsCasino closuresGaming Industry NewsEmployment & CareersLicensesMacauMergers, Acquisitions & Partnerships June 16, 2022 0The gambling-friendly enclave of Macau reportedly now has two fewer casinos following news that operator Galaxy Entertainment Group Limited has...
Some of Macau’s ‘satellite’ casinos to close later this month Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsCasino closuresGaming Industry NewsEconomy/FinanceLicensesMacauMergers, Acquisitions & Partnerships June 8, 2022 0In Macau and Economy and Finance Secretary Lei Wai Nong (pictured) has reportedly announced that some local ‘satellite’ casino enterprises...
Macau aggregated casino operator debt forecast to top $25 billion this year Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceMacau May 24, 2022 0Global brokerage and investments firm Morgan Stanley has reportedly warned that the combined debt of the six licensed casino operators...
Proposed alterations for Macau’s under-consideration draft gaming bill Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceLicensesMacauMergers, Acquisitions & Partnerships May 17, 2022 0In Macau and legislators are reportedly preparing to chuck out a provision within the under-consideration draft gaming bill that would...
Macau casino operators would benefit from a rumored tax cut proposal Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceLicensesMacauTaxation May 16, 2022 0American investment bank JPMorgan Chase and Company has reportedly forecast that the over 40 casinos in Macau could boost their...
Wynn Macau Limited provides an update on its Macau development plans Adam Morgan United Arab EmiratesLatest Casino and Gambling NewsCasino proposalsCasino NewsCasino expansion projectsGaming Industry NewsEconomy/FinanceLicensesMacauNew York May 11, 2022 0In the casino hotspot of Macau and Asian casino operator Wynn Macau Limited is reportedly reconsidering whether to carry through...
Macau court throws out lawsuit against Las Vegas Sands Corporation Adam Morgan Latest Casino and Gambling NewsCasino NewsGaming Industry NewsLicensesMacauMergers, Acquisitions & PartnershipsFines, Lawsuits & Litigation May 2, 2022 0In Macau and the Court of First Instance has reportedly thrown out a lawsuit filed by Asian American Entertainment Corporation...
Macau casino operators potentially facing heavy junket liabilities Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceMacauMergers, Acquisitions & PartnershipsFines, Lawsuits & Litigation April 22, 2022 0Global investment bank Credit Suisse Group AG has reportedly warned that the six casino operators in Macau could be on...
Macau lawmakers considering new junket and satellite casino legislation Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceLicensesMacauMergers, Acquisitions & Partnerships April 21, 2022 0In Macau and legislation that sets out the future governing of junket providers and satellite casinos reportedly passed its first...
Macau casino operators facing free cash flow to equity run rate crisis Adam Morgan Latest Casino and Gambling NewsCasino NewsGaming Industry NewsEconomy/FinanceMacau March 30, 2022 0Some of the largest casino operators in Macau may reportedly start running out of ready cash in as little as...
Golden Dragon Group plans to shut down its Macau satellite casinos this year Sadonna Price Latest Casino and Gambling NewsMacau March 28, 2022 0As amendments are in the works for the gaming law of Macau, one satellite operator has plans to shut down...
Net debt of Macau casino operators has quadrupled since 2019 Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceLicensesMacau March 17, 2022 0The combined net debt of the six licensed casino operators in Macau has reportedly quadrupled since the start of the...
Macau casino operators not set to face increase in tax rates Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceLicensesMacauTaxationMergers, Acquisitions & Partnerships March 17, 2022 0The six licensed land-based casino operators in Macau are to reportedly not be asked to pay any more tax under...
Macau’s draft gaming bill to potentially include communications directive Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceLicensesMacau March 16, 2022 0In Macau and a prominent legislator has reportedly declared that the city’s six casino operators could soon be fined up...