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...
Golden Dragon Group plans to shut down its Macau satellite casinos this year Sadonna Price Latest Casino and Gambling NewsMacau March 28, 2022 0As amendments are in the works for the gaming law of Macau, one satellite operator has plans to shut down...
Net debt of Macau casino operators has quadrupled since 2019 Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceLicensesMacau March 17, 2022 0The combined net debt of the six licensed casino operators in Macau has reportedly quadrupled since the start of the...
Macau casino operators not set to face increase in tax rates Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceLicensesMacauTaxationMergers, Acquisitions & Partnerships March 17, 2022 0The six licensed land-based casino operators in Macau are to reportedly not be asked to pay any more tax under...
Macau’s draft gaming bill to potentially include communications directive Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceLicensesMacau March 16, 2022 0In Macau and a prominent legislator has reportedly declared that the city’s six casino operators could soon be fined up...
Disappointing weekend for Macau casino operators Adam Morgan Latest Casino and Gambling NewsCasino NewsGaming Industry NewsEconomy/FinanceLicensesMacauMergers, Acquisitions & Partnerships March 15, 2022 0For the second consecutive weekend and the aggregated value of shares in the six-strong club of licensed Macau casino operators...
Macau casino operators facing six-month license extension costs Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceEmployment & CareersLicensesMacauMergers, Acquisitions & Partnerships March 10, 2022 0In Macau and every member of the enclave’s six-strong club of licensed casino operators is reportedly being asked to pay...
Macau casino operators experience aggregated share price slump Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsEconomy/FinanceLicensesMacauMergers, Acquisitions & Partnerships March 8, 2022 0The six-strong club of Hong Kong-listed casino operators in Macau reportedly saw the aggregated value of their shares drop by...
Macau draft gaming legislation looking to include national security protections Adam Morgan Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsGaming Industry NewsLicensesMacauFines, Lawsuits & Litigation March 7, 2022 0Draft gaming legislation currently being debated in Macau could reportedly allow the enclave’s Chief Executive to rapidly terminate any local...
Philippines casino industry records encouraging fourth-quarter revival Adam Morgan Latest Casino and Gambling NewsCasino NewsGaming Industry NewsEconomy/FinancePhilippines March 2, 2022 0The many commercial and state-run casinos in the Philippines reportedly saw their aggregated gross gaming revenues for the final three...