Government expects less decline in gaming revenue for remainder 2016 Martin Chua Latest Casino and Gambling NewsEconomy/FinanceMacau July 5, 2016 0Although gross gaming revenue in Macau saw a year on year drop in the first half of 2016 to MOP107.79...
Macau Legend expected to announce new development in Portugal Kim M Latest Casino and Gambling NewsMergers, Acquisitions & PartnershipsPortugal July 5, 2016 0It’s been a busy year so far for Macau-based hotel and casino operator Macau Legend Development Limited (1680:HK), and the...
Q3 begins following 25 months of decline in Macau GGR Martin Chua Latest Casino and Gambling NewsEconomy/FinanceMacau July 1, 2016 0Data released Friday by Macau’s casino regulator, the Gaming Inspection and Coordination Bureau (DICJ) show the gaming downturn entering its third year...
Macau junket promoter Iao Kun to acquire Jeju Sun in Korea for $100m Martin Chua Latest Casino and Gambling NewsMacauMergers, Acquisitions & PartnershipsSouth Korea June 26, 2016 0Bloomberry Resorts Corp. said in a filing the Philippine Stock Exchange last week that it’s subsidiary Solaire Korea Co. Ltd is selling their 96.23...
Macau real GDP still contracting; 2017 growth to begin repair Martin Chua Latest Casino and Gambling NewsEconomy/FinanceMacau June 21, 2016 0A forecast published in London yesterday by the Economist Intelligence Unit (EIU) predicts that real Gross Domestic Product for Macau will...
Studio City Macau may consider junket facilities Martin Chua Latest Casino and Gambling NewsEconomy/FinanceMacau June 20, 2016 0Studio City Macau, which opened with only mass market and high stakes tables and slots has said they will consider adding...
Macau decline contributes to Chow Tai Fook Jewellery’s 46% profit drop Martin Chua Latest Casino and Gambling NewsHong KongEconomy/FinanceMacau June 7, 2016 0Chow Tai Fook Jewellery Group Ltd., has reported a full year profit drop of 46 percent as the Chinese economy...
Macau sports betting monopoly gets concession extension Martin Chua Latest Casino and Gambling NewsLicensesMacauSports betting June 2, 2016 0Macau Slot Co Ltd has had its singular sports betting license renewed with a new period of five years, insuring...
Macau crime numbers mixed, complicated Martin Chua Latest Casino and Gambling NewsMacauCrime May 31, 2016 0Compared to the last quarter of 2015 crime in Macau has fallen significantly so far this year, according to the government’s...
Legislative committee supports keeping smoking lounges on Macau casino floors Kim M Latest Casino and Gambling NewsMacau May 29, 2016 2Macau’s smoking lounges aren’t going anywhere for now, as long as the health of casino employees isn’t jeopardized. The smoking...
Easing of gaming tax proposed by lawmaker in Macau Kim M Latest Casino and Gambling NewsEconomy/FinanceMacauTaxation May 25, 2016 0In a note on Tuesday, Bernstein said that a proposal to lower gaming tax has been made by a Macau...
Genting Singapore decides to shut-down its Macau subsidiary Renee Kingsley Latest Casino and Gambling NewsCasino project updatesMacau April 26, 2016 0Genting Singapore Plc, part of the Malaysian based Genting Group, recently announced that it had decided to shut-down its Macau...
Junket operators to face more challenges as Macau government proposes one hundred percent rise in capital requirements Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationLicensesMacau April 15, 2016 0The decline of Macau’s casino industry over the last two years has made it difficult for junket operators to run...
Macau Legend Development Ltd decides to sell its Pharaoh’s Palace Casino to stakeholder Renee Kingsley Latest Casino and Gambling NewsCasino proposalsAsian Casino NewsMacauMergers, Acquisitions & Partnerships March 28, 2016 0Macau’s casino industry saw a decline of 34.3 percent in gross gaming revenue during 2015 and Pharaoh’s Palace Casino had...
Bernstein analysts believe that Macau will benefit from Individual Visit Scheme changes Renee Kingsley Latest Casino and Gambling NewsAsian Casino NewsMacau March 25, 2016 2The most obvious solution to revive Macau’s struggling casino industry is to stop the anti-corruption crackdown and bring back VIP...