Tagged mgm china holdings 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

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

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

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, 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 ...

MGM China Holdings Limited taking concession consideration steps

Adam Morgan

August 22, 2022

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

In Macau and local casino operator MGM China Holdings Limited has announced that it is coming into line with recently-ratified legislation so as to be able to obtain one of the former Portuguese enclave’s new t...

Macau government establishes new casino license tendering committee

Adam Morgan

July 27, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, 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. ...

Macau casino operating pair found accountable for junket player deposits

Adam Morgan

May 17, 2022

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

The ultimate appellate court for Macau has reportedly found local casino operators MGM China Holdings Limited and Wynn Macau Limited ‘jointly and severally liable’ for nine junket-related deposits. According...

Proposed alterations for Macau’s under-consideration draft gaming bill

Adam Morgan

May 17, 2022

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

In Macau and legislators are reportedly preparing to chuck out a provision within the under-consideration draft gaming bill that would prevent anyone with more than a 5% shareholding in a local casino operator ...

MGM China Holdings Limited chalks up depressed first-quarter financials

Adam Morgan

May 3, 2022

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

Macau casino operator MGM China Holdings Limited has released its unaudited first-quarter financial results showing that its aggregated revenues dropped by 9% year-on-year to approximately $267.57 million. T...

Wynn Macau Limited establishes $7.9 million junket defence fund

Adam Morgan

April 25, 2022

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

In Macau and casino operator Wynn Macau Limited has reportedly set aside approximately $7.9 million to defend itself against litigation that may be brought by former customers of local junket firm Dore Entertai...

Macau casino operators potentially facing heavy junket liabilities

Adam Morgan

April 22, 2022

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

Global investment bank Credit Suisse Group AG has reportedly warned that the six casino operators in Macau could be on the hook for up to $6.37 billion in aggregated agent claims following the recent demise of ...

Macau lawmakers considering new junket and satellite casino legislation

Adam Morgan

April 21, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, 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...

Sands China Limited remaining optimistic despite credit utilization

Adam Morgan

April 5, 2022

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

In Macau and the local Sands China Limited subsidiary of American casino operator Las Vegas Sands Corporation has reportedly announced that it has accessed $201 million from its various credit facilities for ‘g...

Macau aggregated gross gaming revenues chalk up a disastrous March

Adam Morgan

April 1, 2022

Latest Casino and Gambling News, Casino 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 ...