Jp Morgan Securities (asia Pacific) Limited

Coronavirus setback for Macau’s ‘Golden Week’ optimism

September 27, 2021

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

Hopes that the casino industry in Macau would be able to benefit from China’s upcoming ‘Golden Week’ national holiday have reportedly been dashed after the enclave recently recorded two positive cases of corona...

Paradise Company Limited records depressed May gaming revenues

Adam Morgan

June 4, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, South Korea

South Korean casino operator Paradise Company Limited has reportedly released its financial results for May showing that it had experienced a 51.2% year-on-year decrease in aggregated gaming revenues to just ov...

Hong Kong extends coronavirus-related travel restrictions until July 7

Adam Morgan

June 3, 2020

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

The government of Hong Kong has reportedly announced that it will be extending its current raft of coronavirus-related border controls until at least July 7 after recording six new local cases of the potentiall...

‘Golden Week’ disappointment for Macau casinos

Adam Morgan

October 9, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The first seven days of October reportedly saw the over 35 casinos in Macau record aggregated daily gross gaming revenues that were some 12% lower year-on-year at approximately $142.33 million. According to ...

Macau records a 3.5% decline in aggregated gross gaming revenues for July

Adam Morgan

August 2, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The over 35 casinos in Macau reportedly had a bad July after ending a recent spurt of comparable growth to post a 3.5% decline year-on-year in aggregate gross gaming revenues to approximately $3.03 billion. ...

This year’s edition of ‘Golden Week’ may disappoint in Macau

Adam Morgan

October 2, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, this year’s edition of the ‘Golden Week’ public holiday could reportedly turn out to be disappointing for the city’s many casino operators due to total visitor numbers coming in below earlier market e...

VIP aggregated gross gaming revenues slow in Macau

Adam Morgan

July 16, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, second-quarter aggregated gross gaming revenues reportedly grew by 17.2% year-on-year to reach just over $9.11 billion although combined takings from VIP players increased by only 14.4% to hit $5.13 b...

Macau’s aggregated gross gaming revenues recover for June

Adam Morgan

July 2, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

The over 30 casinos in Macau have reportedly recovered somewhat from a disappointing May to post a 12.5% increase year-on-year in aggregated gross gaming revenues for June to approximately $2.78 billion. Acc...

Macau aggregated gross gaming revenues expected to recover in June

Adam Morgan

June 26, 2018

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

A number of respected brokerage firms have reportedly predicted that Macau will post around a 20% rise year-on-year in aggregated gross gaming revenues for June after last month saw the monthly figure comparabl...

Tak Chun Group goes live with The Plaza Macao

Adam Morgan

February 14, 2018

Latest Casino and Gambling News, Casino News, Macau, Mergers, Acquisitions & Partnerships

A little over nine years after being established and junket operator Tak Chun Group can now reportedly offer VIP services inside 15 Macau casinos after recently unveiling its latest enterprise at The Plaza Maca...

New border currency declaration scheme goes live in Macau

Adam Morgan

November 2, 2017

Latest Casino and Gambling News, Gaming Law & Legislation, Money Laundering, Macau

In Macau, yesterday reportedly saw local customs officials begin enforcement of a new compulsory currency declaration scheme that sees all high-value individuals traveling to and from the city required to offic...

Macau to consider revised casino smoking legislation

Adam Morgan

July 10, 2017

Latest Casino and Gambling News, Casino News, Macau

Amid criticism that the government is not taking the health concerns of players and casino staff seriously, legislators in Macau are reportedly set to consider revised legislation later this week that would alt...

VIP segment success helps Macau report rise in September gross gaming revenues

Martin Chua

October 3, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

September saw casinos in Macau post a better-than-expected 7.4% increase year-on-year in combined monthly gross gaming revenues due in part to the VIP segment likely reporting its first rise in takings in some ...