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Macau records extraordinary swell in February gross gaming revenues

March 1, 2021

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

The casino hotspot of Macau is reportedly continuing to recover from the devastating impacts of the coronavirus pandemic and last month saw its aggregated gross gaming revenues rise by an impressive 135.6% year...

Macau gaming stocks rally following positive coronavirus news

Adam Morgan

February 23, 2021

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

The value of individual shares in Macau’s six licensed casino operators reportedly rallied earlier today following positive news regarding aggregated gross gaming revenues, local border restrictions and the rol...

City of Dreams Mediterranean opening delayed by over nine months

Adam Morgan

February 11, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Cyprus, Economy/Finance, Licenses

The provisional opening date for the €550 million ($668 million) integrated casino resort being built in Cyprus by Melco International Development Limited has reportedly been pushed back by over nine months to ...

Genting Hong Kong Limited looking to completely divest from Macau

Adam Morgan

January 29, 2021

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

The Genting Hong Kong Limited cruise ship subsidiary of Asian casino giant Genting Malaysia Berhad has reportedly announced that it will likely look to sell off the remaining interest it holds in a subordinate ...

Brokerage mulls over digital currency introduction for Macau

Adam Morgan

January 22, 2021

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

Mass and premium-mass business at the 39 casinos in Macau could reportedly benefit if the enclave ever decided to adopt the digital version of the yuan currency currently being promoted by the government of Chi...

No restructuring plans for MGM China Holdings Limited

Adam Morgan

January 8, 2021

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

Asian casino operator MGM China Holdings Limited has reportedly responded to an earlier recommendation from one of its minority investors by announcing that it has no plans to begin restructuring its business. ...

MGM Resorts International urged to sell portion of MGM China Holdings Limited stake

Adam Morgan

January 7, 2021

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

In Macau and a prominent investor in local casino operator MGM China Holdings Limited has reportedly urged the enterprise’s majority shareholder, MGM Resorts International, to sell up to 20% of its own stake to...

China getting tough on foreign casino solicitation

Adam Morgan

December 28, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, China, Gaming Industry News, Economy/Finance, The Players Lounge, Crime

In China and the standing committee of the National People’s Congress has reportedly approved new legislation that is to bring in tough penalties for anyone found guilty of facilitating overseas gambling. Ac...

Macau gaming taxes show slow signs of recovery in October

Adam Morgan

November 12, 2020

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

The government of Macau has reportedly announced that the city’s 39 casinos handed over almost $117.12 million in aggregated gaming taxes for October to take their combined ten-month tally to just above $3.04 b...

Genting Hong Kong Limited offloading significant stake in Macau subsidiary

Adam Morgan

November 11, 2020

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

The Genting Hong Kong Limited cruise ship subsidiary of Asian casino giant Genting Malaysia Berhad has reportedly announced that it is selling half of its interest in a subordinate that is currently developing ...

Macau casino workers struggling after being forced to take unpaid leave

Adam Morgan

November 9, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino openings, Gaming Industry News, Economy/Finance, Employment & Careers, Macau, Labor Relations

In Macau and a new survey has reportedly determined that almost 60% of casino workers are currently wrestling with financial hardship after being forced to take unpaid leave due to the economic downturn caused ...

Welcome financial news from Imperial Pacific International Holdings Limited

Adam Morgan

October 20, 2020

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Saipan, Licenses, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

In the Commonwealth of the Northern Mariana Islands and besieged casino operator Imperial Pacific International Holdings Limited has reportedly asked a federal court to allow a foreign investor to place slightl...

Meagre early-October success for Macau casinos

Adam Morgan

October 13, 2020

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

The first eleven days of October reportedly saw the 39 casinos in Macau record average daily aggregated gross gaming revenues that were some 221% higher month-on-month at approximately $30 million. According...

Brokerage predicts long road to recovery for Macau casino industry

Adam Morgan

October 9, 2020

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

The Asian branch of financial services giant JP Morgan Securities has reportedly announced that it expects aggregated gross gaming revenues for the 39 casinos in Macau to reach as high as $36.58 billion for the...

NagaWorld recording positive post-coronavirus recovery

Adam Morgan

October 5, 2020

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

Asian casino operator NagaCorp Limited has reportedly announced that business at its NagaWorld facility in Cambodia is quickly recovering after being shut down for a 14-week period from April 1 due to the coron...