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Ominous forecast concerning Macau gaming revenues for September

September 10, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau and the enclave’s Economy and Finance Secretary has reportedly warned that aggregated gross gaming revenues for September are likely to be lower when compared with the same month last year. Accordin...

Casino license public tender groundwork being prepared in Macau

Adam Morgan

May 13, 2019

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

The Economy and Finance Secretary for Macau, Lionel Leong Vai Tac (pictured), has reportedly revealed that local officials are currently preparing the groundwork for a public tender that is to determine who wil...

Public tender for future Macau casino licenses gaining traction

Adam Morgan

April 19, 2019

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

The most senior legislator in Macau has reportedly announced that there is no need for his fellow lawmakers to delay the launch of a new public tender designed to decide who will be allowed to operate casinos i...

Macau ‘inclined’ towards future casino concession public tender

Adam Morgan

March 15, 2019

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

In Macau, Economy and Finance Secretary, Lionel Leong Vai Tac (pictured), has reportedly announced that the local government in ‘inclined’ towards launching a new tendering process for the city’s six existing c...

Macau to continue push towards diversification

Adam Morgan

March 5, 2019

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

In Macau, Economy and Finance Secretary Lionel Leong Vai Tac (pictured) has reportedly announced that the city is to continue with its policy of encouraging local casino firms to diversify their offerings so as...

Positive prediction for Macau casino market

Adam Morgan

November 7, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, Economy and Finance Secretary Lionel Leong Vai Tac (pictured) has reportedly declared that he expects this year’s aggregated gross gaming revenues from the over 30 casinos in the city to be higher tha...

Macau Jockey Club operator hit with outstanding tax bill

Adam Morgan

March 22, 2018

Latest Casino and Gambling News, Horse Racing, Licenses, Macau, Taxation

Less than a month after the Macau Horse Racing Company Limited won the right to continue operating the Macau Jockey Club until 2042 and it has reportedly been revealed that the firm owes the government of Macau...

Legend Palace Hotel granted consent to operate 15 new-to-market gaming tables

Adam Morgan

February 15, 2017

Latest Casino and Gambling News, Casino project updates, Licenses, Macau

In Macau, the coming five-star Legend Palace Hotel Casino development from Asian casino operator Macau Legend Development Limited has reportedly been granted permission to operate 15 new-to-market mass-market g...

Gaming expert recommends Macau lower casino tax rates

Adam Morgan

January 12, 2017

Latest Casino and Gambling News, Macau, Taxation

In Macau, a local gaming expert has reportedly recommended that the government should consider lowering the tax rate on VIP gaming revenues in order to ensure that the city’s casino industry remains competitive...

The 13 on track to open “in the first quarter of 2017”

Adam Morgan

December 12, 2016

Latest Casino and Gambling News, New Hotels, Macau

In Macau, The 13 Holdings Limited has reportedly announced that its coming $1.4 billion The 13 luxury hotel is on track to open during “the first quarter of 2017” with the firm already having hired more than 30...

Revival in Macau gross gaming revenues continues for a third month

Adam Morgan

November 1, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

New figures released by the Gaming Inspection And Coordination Bureau show that the casino industry in Macau is continuing its recent recovery after it posted a third consecutive month-on-month increase in gros...

Macau regulator distances city from arrested Crown Resorts Limited employees

Adam Morgan

October 28, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Macau, Crime

The head of Macau’s Gaming Inspection And Coordination Bureau regulator has reportedly announced that none of the 18 employees of Australian casino operator Crown Resorts Limited arrested and detained by Chines...

Analysts predicting continued recovery in Macau gross gaming revenues

Martin Chua

September 14, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

After posting a 1.1% increase year-on-year in overall gross gaming revenues for August to $2.4 billion, Macau’s gaming industry could be about to register its second straight month of growth following over two ...

‘A few days’ before official Wynn Palace table allocation will be known

Martin Chua

July 29, 2016

Latest Casino and Gambling News, Casino News, Casino project updates, Macau

In a move seen to lower expectations, Wynn Resorts said in its second quarter report that they only expect to receive an allocation of 100 new to market tables for their $4.2 billion Wynn Palace, opening August...