Tagged gaming inspection and coordination bureau

gaming inspection and coordination bureau

Macau regulator confirms shuttering of all Suncity Group gaming lounges

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...

Stark reaction to proposed future Macau casino regulations

Adam Morgan

September 15, 2021

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

The value of shares in some of Macau’s largest casino operators was reportedly rocked yesterday after the local government released its latest proposals for how it believes the industry should be regulated into...

Macau to oblige all land-based video slots to feature a clock by the end of 2024

Adam Morgan

September 14, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Game manufacturers, Macau

In Macau and the Gaming Inspection and Coordination Bureau regulator has reportedly announced that all of the enclave’s many land-based video slots will be required to feature an on-screen clock as standard by ...

Macau casinos post reduced July combined tax contribution

Adam Morgan

September 8, 2021

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

The over 40 casinos in Macau reportedly contributed just over $319.63 million in aggregated gaming taxes for July as they continued to be negatively affected by the impacts of the ongoing coronavirus pandemic. ...

Macau gaming revenues chalk up August advance despite sequential setback

Adam Morgan

September 1, 2021

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

In Macau and aggregated gross gaming revenues for August reportedly increased by some 234% year-on-year to top $554.49 million despite the disruption associated with a minor outbreak of coronavirus in neighbori...

Macau aggregated gross gaming revenues continued their resurgence in July

Adam Morgan

August 2, 2021

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

In Macau and aggregated gross gaming revenues for July reportedly rose by 528.1% year-on-year to just over $1.05 billion despite the continuing presence of a range of anti-coronavirus travel restrictions. Ac...

Macau records improved June aggregated gross gaming revenues

Adam Morgan

July 1, 2021

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

The casino hotspot of Macau reportedly posted an impressive rise of 812.5% year-on-year in aggregated gross gaming revenues for June to slightly over $817.1 million despite the recent implementation of a new ra...

Macau Slot Company Limited has its license extended by three years

Adam Morgan

June 9, 2021

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

The government of Macau has reportedly refreshed the long-held license giving Macau Slot Company Limited the right to operate local instant lotteries and sports wagering for another three years. According to...

Macau casinos continue their post-coronavirus recovery

Adam Morgan

June 1, 2021

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

The 40-strong collection of casinos in Macau reportedly chalked up aggregated gross gaming revenues for May of slightly beyond $1.3 billion to take their combined five-month tally to a little over $5.3 billion....

Macau casinos continuing to recover from last year’s coronavirus-related plunge

Adam Morgan

April 1, 2021

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

The 40-strong casino market in Macau is reportedly continuing its slow recovery from last year’s coronavirus-related slump after posting a rise of around 13.6% month-on-month in aggregated gross gaming revenues...