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...
Another important approval for envisioned Crown Resorts Limited sale Adam Morgan Latest Casino and Gambling NewsAustraliaCasino NewsGaming Industry NewsMoney LaunderingEconomy/FinanceLicensesMergers, Acquisitions & PartnershipsCrime June 15, 2022 0In Australia and the nation’s highest federal court has reportedly approved the around $6.35 billion deal that is to see...
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 government to lower 2022 aggregated gross gaming revenues forecast Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceEmployment & CareersLicensesMacauMergers, Acquisitions & Partnerships June 6, 2022 0In Macau and the government of Chief Executive Ho Iat Seng (pictured) has reportedly announced that it will be officially...
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...
City of Dreams Mediterranean grand opening could potentially be delayed Adam Morgan Latest Casino and Gambling NewsCasino NewsGaming Industry NewsCasino project updatesCyprusEconomy/FinanceLicenses May 6, 2022 0On the island nation of Cyprus and the opening date for the €550 million ($581 million) City of Dreams Mediterranean...
April setback for Macau aggregated gross gaming revenues Adam Morgan Latest Casino and Gambling NewsCasino NewsGaming Industry NewsEconomy/FinanceMacau May 2, 2022 0The over 40 casinos in Macau reportedly saw their aggregated gross gaming revenues for April decline by over 68% year-on-year...
Macau chalks up reduced first-quarter gaming tax revenues Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceMacauTaxation April 26, 2022 0The over 40 casinos in the gambling-friendly enclave of Macau reportedly contributed almost $1.08 billion in aggregated taxes during the...
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 aggregated gross gaming revenues chalk up a disastrous March Adam Morgan Latest Casino and Gambling NewsCasino NewsGaming Industry NewsEconomy/FinanceMacau April 1, 2022 0The many casinos in Macau reportedly saw their aggregated gross gaming revenues for March drop by 55.8% year-on-year to a...
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...