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Thoroughly bleak April prediction for Macau’s casino industry

April 21, 2020

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

International brokerage firm Sanford C Bernstein and Company has reportedly predicted that Macau could see its aggregated gross gaming revenues for April contract by as much as 95% year-on-year to come in at on...

Macau’s new Chief Executive lays out his future intentions

Adam Morgan

April 20, 2020

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

In Macau and Ho Iat Seng (pictured) reportedly used his maiden official address as the enclave’s new Chief Executive to pronounce that he will continue to push local casino operators to diversify their offering...

Macau casinos told to expect a long road to market recovery

Adam Morgan

April 15, 2020

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

The 39 casinos in Macau could reportedly start to recover from the economic impacts of the ongoing coronavirus pandemic from June although it could take up to a further two years for their gaming businesses to ...

Bernstein analysts believe that Macau will benefit from Individual Visit Scheme changes

Renee Kingsley

March 25, 2016

Latest Casino and Gambling News, Asian Casino News, Macau

The most obvious solution to revive Macau’s struggling casino industry is to stop the anti-corruption crackdown and bring back VIP gamblers from Mainland China. Since that is not likely to happen in the near fu...

Macau has new record for visitors

Sam Mitchell

March 31, 2015

Latest Casino and Gambling News, Casino News, Gaming Industry News, Macau

Changes in Macau visa policies could hurt the gambling industry; however, Macau announced a record 1.14 million individual visitors. These were individual visitors from the Chinese mainland. The record was set ...