Tagged melco resorts and entertainment limited

Genting Malaysia Berhad boss looking to enter the Macau casino market

September 15, 2022

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

In Macau and a company linked to the boss of prominent Asian gambling operator Genting Malaysia Berhad has reportedly applied for one of the enclave’s coming ten-year casino licenses. According to a report f...

Wynn Macau Limited officially applies for new Macau gambling concession

Adam Morgan

September 13, 2022

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

Asian casino operator Wynn Macau Limited has reportedly applied for a new ten-year license that would give it official permission to continue offering gambling entertainment at its pair of Macau properties unti...

August optimism for aggregated Macau gross gaming revenues

Adam Morgan

September 1, 2022

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

The collection of almost 40 casinos in Macau reportedly had a good August after seeing their monthly aggregated gross gaming revenues sequentially increase by an impressive 450% to top $270.8 million. Accord...

Macau sets upcoming minimum slot and gaming table revenue obligations

Adam Morgan

August 29, 2022

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

As part of new casino concessionaire licensing legislation and the government of Macau has reportedly set minimum gross slot and gaming table revenue requirements in hopes of being able to better guarantee its ...

Second-quarter setbacks for Melco Resorts and Entertainment Limited

Adam Morgan

August 19, 2022

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

Asian casino operator Melco Resorts and Entertainment Limited has released its unaudited financial results for the three months to the end of June showing a net loss that grew by 35.4% year-on-year to stand at ...

Macau government establishes new casino license tendering committee

Adam Morgan

July 27, 2022

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

The government for the casino-laden enclave of Macau has reportedly established a special committee and tasked it with overseeing the process of potentially awarding the city’s existing six-strong club of local...

Macau casinos sitting through second coronavirus-related lockdown

Adam Morgan

July 11, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Macau, Fines, Lawsuits & Litigation

In Macau and the government has reportedly ordered local casinos and most of the enclave’s other commercial businesses to close for at least a week in an attempt to fight the rising prevalence of coronavirus. ...

City of Dreams Mediterranean grand opening could potentially be delayed

Adam Morgan

May 6, 2022

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

On the island nation of Cyprus and the opening date for the €550 million ($581 million) City of Dreams Mediterranean development from Melco Resorts and Entertainment Limited could reportedly soon be pushed back...

Macau lawmakers considering new junket and satellite casino legislation

Adam Morgan

April 21, 2022

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

In Macau and legislation that sets out the future governing of junket providers and satellite casinos reportedly passed its first Legislative Assembly reading yesterday by a 30-to-one vote. According to a re...

Melco Resorts and Entertainment Limited facing American de-listing

Adam Morgan

April 13, 2022

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

Asian casino operator Melco Resorts and Entertainment Limited could reportedly soon be de-listed from the Nasdaq bourse under rules adopted by the United States Securities and Exchange Commission in January. ...

Macau aggregated gross gaming revenues chalk up a disastrous March

Adam Morgan

April 1, 2022

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

The many casinos in Macau reportedly saw their aggregated gross gaming revenues for March drop by 55.8% year-on-year to a little over $454.9 million as China continued to enforce a range of coronavirus-related ...

Macau casino operators facing free cash flow to equity run rate crisis

Adam Morgan

March 30, 2022

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

Some of the largest casino operators in Macau may reportedly start running out of ready cash in as little as three months as China’s crackdown against the spread of coronavirus continues to limit travel to and ...

Net debt of Macau casino operators has quadrupled since 2019

Adam Morgan

March 17, 2022

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

The combined net debt of the six licensed casino operators in Macau has reportedly quadrupled since the start of the coronavirus pandemic in late-2019 to currently stand at more than $20 billion. According t...

Macau casino operators not set to face increase in tax rates

Adam Morgan

March 17, 2022

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

The six licensed land-based casino operators in Macau are to reportedly not be asked to pay any more tax under the provisions of the draft gaming bill currently being considered by legislators. According to ...

Macau’s draft gaming bill to potentially include communications directive

Adam Morgan

March 16, 2022

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

In Macau and a prominent legislator has reportedly declared that the city’s six casino operators could soon be fined up to $620,000 for failing to keep local officials up to speed with any ‘major financial deci...