Tagged gaming inspection and coordination bureau

gaming inspection and coordination bureau

April setback for Macau aggregated gross gaming revenues

May 2, 2022

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

The over 40 casinos in Macau reportedly saw their aggregated gross gaming revenues for April decline by over 68% year-on-year to hit a 19-month low of just over $331.19 million. According to a report from GG...

Macau aggregated gross gaming revenues chalk up a disastrous March

Adam Morgan

April 1, 2022

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

The many casinos in Macau reportedly saw their aggregated gross gaming revenues for March drop by 55.8% year-on-year to a little over $454.9 million as China continued to enforce a range of coronavirus-related ...

Suncity Group found unsuitable to operate in the Philippines

Adam Morgan

March 28, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Crime, Philippines

Asian junket giant Suncity Group has reportedly been found unsuitable to operate in the Philippines after an official investigation uncovered proof that it may have been guilty of withholding funds from custome...

Macau gaming tax increases in 2021 to MOP$33.91 billion

Sadonna Price

February 21, 2022

Latest Casino and Gambling News, Economy/Finance, Macau

The Financial Services Bureau in Macau has announced the tax payments from the gaming industry for 2021. Last year, a total of MOP$33.91 billion ($4.22 billion) was paid by operators. This is an increase of 13....

Macau casino market records discouraging January gross gaming revenues

Adam Morgan

February 1, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation

The 41 casinos in Macau reportedly experienced a disappointing start to 2022 after seeing their aggregated gross gaming revenues for January plummet by a surprising 20.9% year-on-year to a little over $790.21 m...

Number of licensed junket firms in Macau drops to all-time low of 46

Adam Morgan

January 27, 2022

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

In Macau and the Gaming Inspection and Coordination Bureau regulator has reportedly licensed just 46 casino junket firms for 2022 at the same time as officials in neighboring China are continuing their crackdow...

Casino licensing status quo to be largely maintained in Macau

Adam Morgan

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 ...

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...

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 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...

Macau records significant drop in third-quarter VIP baccarat gaming revenues

Adam Morgan

October 19, 2021

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

The 41 casinos in Macau reportedly saw the share of aggregated third-quarter gross gaming revenues they amassed from VIP baccarat players decrease by some 16.4% year-on-year to just over $737.7 million. Acco...

Macau casino and junket firms seek clarity on future regulatory landscape

Adam Morgan

September 22, 2021

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

In Macau and representatives from some of the city’s junket firms reportedly joined casino executives at a meeting on Monday in hopes of getting more details on proposed regulatory changes. According to a Tu...

SJM Holdings Limited forecasts ten-year term for future Macau casino licenses

Adam Morgan

September 22, 2021

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

In Macau and local casino operator SJM Holdings Limited has reportedly announced that it believes the city’s upcoming tendering process will most probably see successful candidates awarded with new ten-year lic...