Macau’s mass revenue in June is now the lowest revenue since 2012 Renee Kingsley Casino expansion projectsGaming Industry NewsEconomy/FinanceAsian Casino NewsMacau July 6, 2015 0Macau’s casino revenues continue to plummet with every passing month causing serious concern to casino’s and shareholders. Sterne Agee CRT...
Universal smoking ban could idle thousands of Macau junket workers Lars Jones Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsWorld Casino NewsMacau July 4, 2015 0Local media are reporting that a proposed smoking ban could effect about half of all junket employee’s jobs. There are...
Macau executive council introduces new tobacco control bill Renee Kingsley Gaming Law & LegislationGaming Industry NewsEconomy/FinanceAsian Casino NewsMacauTaxation July 1, 2015 0Macau was once a gambling haven as casinos provided gamblers with VIP treatment in order to attract them and keep...
Casino stocks increase after Macau announces new visa rules Renee Kingsley Gaming Law & LegislationChinaGaming Industry NewsMoney LaunderingEconomy/FinanceAsian Casino NewsMacauCrimeRacketeeringFinancial Fraud July 1, 2015 0Macau, the biggest gambling hub in the world, is located just an hour away by ferry from Mainland China. Some...
Galaxy Phase II dominates Macau’s gaming market Renee Kingsley Casino NewsGaming Industry NewsEconomy/FinanceMacau June 22, 2015 0Macau’s gambling industry has been in decline for the past 18 months and casinos have struggled to post profits. The...
Macau gaming revenue continues decline; government cuts spending Lars Jones Latest Casino and Gambling NewsEconomy/FinanceMacau June 20, 2015 0Lionel Leong Vai-tac, Secretariat for Economy and Finance in Macau said on Thursday that June gaming revenues may be as...
Morgan Stanley says Macau casino decline caused by drop in VIP customers Renee Kingsley Las VegasCasino NewsChinaGaming Industry NewsEconomy/FinanceAsian Casino NewsMacauNevada June 19, 2015 0Morgan Stanley Research Asia Ltd recently completed a detailed study of the casino industry in Macau and has concluded that...
Galaxy Macau Phase II and Broadway Macau opening May 27 Lars Jones Latest Casino and Gambling NewsCasino NewsCasino project updatesMacau May 19, 2015 0In spite of falling revenue all around them, Galaxy Entertainment Group Ltd is bursting forward with the opening of Galaxy Macau...
Deutsche Bank says Macau mass gamblers do not bring in as much revenue as VIP gamblers Renee Kingsley Economy/FinanceMacau May 14, 2015 0Beijing’s anti-corruption campaign against VIP gamblers in Macau over an extended period of time has been successful as these VIP...
Massive profit losses in Macau–Sands down 54.2%, SJM Holdings Ltd loses 46.5% Q1 Lars Jones MacauFinancial Press Releases May 4, 2015 0Sands China saw all of it’s properties post lower revenues in the first quarter of 2015 for a total profit...
South Korea gambling revenues rise 9th year in a row Lars Jones Latest Casino and Gambling NewsWorld Casino NewsSouth Korea March 19, 2015 0The casino industry suffered setbacks throughout the world and gambling hubs like Macau and Las Vegas reported significant declines in...
China Eases Restrictions on Macau Travel Colin Stewart Latest Casino and Gambling NewsCasino News October 5, 2009 0The Chinese government began slowly easing the tight restrictions on travel to Macau a couple months ago but really loosened...
Macau Gets New Leader Tina Golden Latest Casino and Gambling NewsCasino News August 19, 2009 0Fernando Chui will officially take over the running of Macau from Edmund Ho on December 20. Since he was the only candidate,...
The City of Dreams Opens, Raises Hopes for Rise in Macau’s Fortunes Tina Golden Latest Casino and Gambling NewsCasino News July 29, 2009 0While Macau stayed ahead of Las Vegas in gambling revenues overall, the industry has been hard hit by a combination of the rough economy...
First Time Slowdown in Macau Affects Las Vegas Casinos Tina Golden Latest Casino and Gambling NewsCasino News November 12, 2008 0After surpassing Las Vegas revenues last year, Macau has reported a loss in gaming revenues for the first time. September revenues were reported to...