Search Results for: "macau"

Casino licensing status quo to be largely maintained in Macau

January 14, 2022

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

After much debate and speculation, the government of Macau has reportedly announced that it is planning to grant six companies the ability to run casinos under concessions with a ten-year term. According to ...

JPMorgan Chase and Company upgrades trio of Macau casino operators

Adam Morgan

January 13, 2022

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

American investment bank JPMorgan Chase and Company has reportedly given the coronavirus-hit casino market of Macau a big boost by promoting the value of shares in a trio of its most prominent operators. Acc...

Macau casino operators encounter challenging start to the year

Adam Morgan

January 10, 2022

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

The casino hotspot of Macau has reportedly experienced a disappointing start to 2022 although local operators are continuing to chalk up ‘good’ advanced booking figures for the upcoming Chinese New Year holiday...

Macau instituting international air travel prohibition to fight coronavirus

Adam Morgan

January 6, 2022

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

The government of Macau has reportedly reacted to the threat being posed by the rising prevalence of the Omicron variant of coronavirus by announcing that it will soon institute a two-week ban on all internatio...

Macau records encouraging 2021 aggregated gross gaming revenues tally

Adam Morgan

January 3, 2022

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

Despite suffering through a range of coronavirus-related restrictions and the 41 casinos in Macau reportedly still managed to finish 2021 with aggregated annual gross gaming revenues of slightly over $10.81 bil...

Melco Resorts and Wynn cease junket operations in Macau

Sadonna Price

December 28, 2021

Latest Casino and Gambling News, Gaming Industry News, Macau

Casino operators have started shutting down junket operations in Macau. Both Melco Resorts and Entertainment Ltd., along with Wynn Macau Ltd. are no longer offering junket services in the SAR. It is expected th...

Premium-mass likely to be the new habitat for many Macau junket operators

Adam Morgan

December 15, 2021

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

Up to 30% of junket business in the casino hotspot of Macau may reportedly soon abandon the more traditional high-value VIP segment of the market to be concerned solely with a clientele more interested in premi...

Trio of Macau casino operators hit with ‘ratings watch negative’ appraisals

Adam Morgan

December 13, 2021

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

Prominent credit ratings agency Fitch Ratings Incorporated has reportedly assigned a trio of firms behind some of the largest casinos in Macau with a ‘ratings watch negative’ appraisals largely due to ongoing ‘...

Cancellation blow for Macau junket giant Tak Chun Group

Adam Morgan

December 8, 2021

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

Asian junket operator Tak Chun Group has reportedly confirmed that the lucrative cooperation agreements it held with Macau’s collection of six licensed casino operators have been unilaterally cancelled. Acco...

Macau regulator confirms shuttering of all Suncity Group gaming lounges

Adam Morgan

December 2, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Employment & Careers, Unlicensed Operation, Online Gambling News, Macau, Mergers, Acquisitions & Partnerships, Crime

In Macau and the Gaming Inspection and Coordination Bureau regulator has reportedly confirmed the temporary closure of all local VIP gaming lounges operated by junket firm Suncity Group. According to a repor...

Macau arrests eleven over illegal mainland gambling allegations

Adam Morgan

November 29, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, Unlicensed Operation, Online Gambling News, Macau, Crime, Financial Fraud

In Macau and the Judiciary Police has reportedly announced the arrest of eleven individuals for allegedly having ties to illicit gambling supposedly being conducted by local junket giant Suncity Group. Accor...

Macau casinos may now be held liable for partner junket debts

Adam Morgan

November 25, 2021

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

In a potentially landmark decision and a Macau appeals court has reportedly ruled that the enclave’s six casino operators can now be held liable should any of their partner junket firms go bust before paying ba...

Melco Resorts and Entertainment Limited tops off Studio City Macau extension

Adam Morgan

November 16, 2021

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

In Macau and prominent land-based casino operator Melco Resorts and Entertainment Limited reportedly held a topping-off ceremony yesterday for the coming second stage of its giant Studio City Macau venue. Ac...

Wynn Macau Limited suffers third-quarter financial setback

Adam Morgan

November 10, 2021

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

In Macau and casino operator Wynn Macau Limited has reportedly released its unaudited financial results for the third quarter showing that its operating loss improved by 55.8% year-on-year to slightly over $95....

Macau casinos experience October gaming revenues disappointment

Adam Morgan

November 1, 2021

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

The large selection of casinos in Macau reportedly saw their aggregated gross gaming revenues for October plummet by almost 40% year-on-year to about $545.1 million owing to the earlier imposition of a range of...