Search Results for: "macau"

Macau Legend Development Limited exits the Macau casino business

August 10, 2022

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

In Macau and local gambling and hotel operator Macau Legend Development Limited has reportedly announced that it has ceased being responsible for the casinos within the 223-room Legend Palace Hotel and smaller ...

Wynn Macau Limited posts second-quarter loss of around $185 million

Adam Morgan

August 10, 2022

Latest Casino and Gambling News, U.S.A., Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Macau

American casino operator Wynn Resorts Limited has reportedly announced that its Asia-facing Wynn Macau Limited subsidiary racked up an aggregated second-quarter loss of approximately $185 million. According ...

Gaming Inspection and Coordination Bureau approve Macau casinos for full opening

Sadonna Price

August 4, 2022

Latest Casino and Gambling News, Gaming Industry News, Macau

Gaming can commence in Macau, as the Gaming Inspection and Coordination Bureau gave its blessing on Tuesday. Casino properties are now allowed to resume full operations. The update comes as the region enters a ...

Macau government establishes new casino license tendering committee

Adam Morgan

July 27, 2022

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

The government for the casino-laden enclave of Macau has reportedly established a special committee and tasked it with overseeing the process of potentially awarding the city’s existing six-strong club of local...

Macau casinos partially re-open after enduring eleven-day lockdown

Adam Morgan

July 25, 2022

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

Most of the 37 casinos in Macau reportedly re-opened for limited business from Saturday morning following the completion of an eleven-day lockdown instituted after a large number of locals tested positive for c...

Macau gaming tax revenues continuing to slump due to coronavirus

Adam Morgan

July 22, 2022

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

The government for the casino-laden enclave of Macau has reportedly warned that there seems to be no immediate end in sight to the ongoing local gaming tax shortfall caused by the coronavirus pandemic. Accor...

Macau Slot Company Limited chalks up 31.8% rise in 2021 profit

Adam Morgan

July 18, 2022

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

In Macau and the enclave’s long-time retail sportsbetting operator, Macau Slot Company Limited, has reportedly announced that its profit for the whole of 2021 grew by 31.8% year-on-year to top $15.7 million. ...

Macau casinos sitting through second coronavirus-related lockdown

Adam Morgan

July 11, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Casino closures, Economy/Finance, Macau, Fines, Lawsuits & Litigation

In Macau and the government has reportedly ordered local casinos and most of the enclave’s other commercial businesses to close for at least a week in an attempt to fight the rising prevalence of coronavirus. ...

Linda Chen picked to serve as the next President for Wynn Macau Limited

Adam Morgan

July 7, 2022

Casino News, Latest Casino and Gambling News, Gaming Industry News, Employment & Careers, Macau

In Macau and local casino operator Wynn Macau Limited has announced that experienced industry figure Linda Chen (pictured) is to replace Ian Coughlan as its President from the first day of next March. The Ho...

Macau casino revenues continuing to be hit by the coronavirus pandemic

Adam Morgan

July 6, 2022

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

The large collection of casinos in the Asian city of Macau reportedly saw their aggregated gross gaming revenues for June plummet by over 62% year-on-year to hit a 21-month low of just over $306.47 million. ...

Macau COVID-19 outbreak worsens; casinos lower personnel numbers and enhance testing

Sadonna Price

June 27, 2022

Latest Casino and Gambling News, Gaming Industry News, Macau

The COVID-19 outbreak in Macau has worsened, with a case count of 299 as of this past Sunday. The number of positive cases jumped from 170 on Friday and casinos have now instituted new protocols to try and slow...

Macau gross gaming revenues recovery to take longer than initially planned

Adam Morgan

June 24, 2022

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

Global investment bank Credit Suisse Group AG has reportedly again warned that the recovery of the casino industry in Macau could take much longer than earlier anticipated due to the lingering presence of coron...

Macau COVID-19 cases increase; officials say casinos are not closing across the board

Sadonna Price

June 23, 2022

Latest Casino and Gambling News, Macau

An outbreak of the COVID-19 virus continues to grow in Macau, with 100 confirmed cases. Within the affected population are two casino dealers. Those affected have been assigned to groups of cases based on locat...

Macau casinos to be substantially impacted by recent COVID-19 outbreak

Sadonna Price

June 20, 2022

Latest Casino and Gambling News, Economy/Finance, Macau

Officials of Macau have kept up with strict regulations since the onset of COVID-19 to keep the virus from attacking the SAR. Few cases have been seen in the region thanks to strict quarantine orders and travel...

Galaxy Entertainment Group Limited closes pair of Macau casinos

Adam Morgan

June 16, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino closures, Gaming Industry News, Employment & Careers, Licenses, Macau, Mergers, Acquisitions & Partnerships

The gambling-friendly enclave of Macau reportedly now has two fewer casinos following news that operator Galaxy Entertainment Group Limited has shuttered its Rio Casino and President Casino properties. Accor...