China’s anti-corruption crackdown causing concerns for Macau casinos Renee Kingsley Latest Casino and Gambling NewsCasino NewsMacau May 20, 2015 0James Packer is one of Australia’s richest men and has a fortune that is estimated to be close to $5...
Chinese authorities catch and prosecute 2nd most wanted man in China Renee Kingsley ChinaMoney LaunderingMacauFinancial FraudSingapore May 15, 2015 0Beijing has targeted Macau’s casino industry because it’s been reported to be a hotbed for corruption, money laundering and racketeering....
Gaming revenue dips; Macau govt surplus down 54.8% Sam Mitchell Latest Casino and Gambling NewsCasino NewsEconomy/FinanceMacau May 14, 2015 0On May 13th 2015, according to the city’s Financial Service Bureau, the surplus for the government of Macau has gone...
Deutsche Bank says Macau mass gamblers do not bring in as much revenue as VIP gamblers Renee Kingsley Economy/FinanceMacau May 14, 2015 0Beijing’s anti-corruption campaign against VIP gamblers in Macau over an extended period of time has been successful as these VIP...
Beijing pushes for economic diversification in Macau in order to limit Western financial control Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsMacau May 13, 2015 0Beijing’s anti-corruption crackdown on Macau’s casino industry started early last year and while many expected the crackdown to stop after...
MGM China reports a shortfall of 33% during the 1st Quarter of 2015 Renee Kingsley Latest Casino and Gambling NewsMacauFinancial Press Releases May 5, 2015 0Macau’s casinos lost an estimated $100 billion during 2014 and analysts predicted that casinos would continue to struggle in 2015...
Hundreds of casino workers in Macau protest on Labor Day Renee Kingsley Latest Casino and Gambling NewsCasino NewsMacauLabor Relations May 4, 2015 0Beijing’s anti-corruption crackdown on Macau’s casino industry over the past 12 months has resulted in huge losses for casinos as...
Macau government official says cuts needed if gaming revenue declines more Sam Mitchell Latest Casino and Gambling NewsGaming Industry NewsMacau May 1, 2015 0Lionel Leong Vai Tac, Secretary for Economy and Finance, made a media statement April 29, 2015 stating government spending cuts...
Macau’s GDP could shrink by 14.7 Percent Sam Mitchell Latest Casino and Gambling NewsCasino NewsMacau April 27, 2015 0The University of Macau’s department of Economics released a report Monday April 27, 2015 regarding macroeconomic forecast data. According to...
Sheldon Adelson talks about visitor cap in Macau Sam Mitchell Latest Casino and Gambling NewsGaming Industry NewsMacau April 23, 2015 0Sheldon Adelson, chairman and chief executive for Las Vegas Sands Corp, spoke with media Wednesday April 22, 2015 regarding a...
Labour Day protests planned by Macau casino workers Sadonna Price Latest Casino and Gambling NewsCasino NewsMacauLabor Relations April 22, 2015 0In an attempt to earn higher wages and tighter restrictions for the imported labor of the gaming sector, certain casino...
Union Gaming reports that a large number of Macau’s visitors book their tickets only 48 hours before arrival Lars Jones Latest Casino and Gambling NewsMacau April 15, 2015 0Union Gaming Research Macau Ltd recently reported that a large percentage of visitors to Macau are booking their tickets only...
Macau sets 21 million cap on visitors from Mainland China Lars Jones Latest Casino and Gambling NewsChinaMacau April 15, 2015 0Macau’s government recently confirmed that they had agreed to set a cap on the number of Mainland China visitors who...
China gets help from Macau on anti-graft campaign Sam Mitchell Latest Casino and Gambling NewsGaming Law & LegislationCasino NewsChinaMacauCrime April 7, 2015 0Macau and Beijing are working together to help crackdown on corruption. Macau’s anti-graft agency, a part of the the Commission...
Casino revenue in Macau falls for 10th straight month–new normal? Jenn G Latest Casino and Gambling NewsCasino NewsMacau April 2, 2015 0As the decline in high roller visits continues, Macau casinos are suffering further falling revenue. March was the 10th month in a row...