Vitaly Umansky | World Casino News

Thoroughly bleak April prediction for Macau’s casino industry

April 21, 2020

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

International brokerage firm Sanford C Bernstein and Company has reportedly predicted that Macau could see its aggregated gross gaming revenues for April contract by as much as 95% year-on-year to come in at on...

Slowdown of Macau casino market continues into March

Adam Morgan

March 10, 2020

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

The first eight days of March reportedly saw the 39 active casinos in Macau post aggregated gross gaming revenues that were 79% lower year-on-year at approximately $174.9 million. According to a report from ...

Macau casinos to re-open on Thursday following coronavirus shutdown

Adam Morgan

February 17, 2020

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

The 39 active casinos in Macau will reportedly be allowed to re-open from midnight on Thursday following the conclusion of a 15-day shuttering that was instituted to help stop the spread of the highly-infectiou...

Macau likely to record ‘bleak’ February aggregated gross gaming revenues

Adam Morgan

February 12, 2020

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

A leading brokerage firm has reportedly predicted that an ongoing casino shutdown in Macau could eventually push the city’s aggregated gross gaming revenues for the entirety of February down by as much as 95% y...

Limited pool for Caesars Entertainment Corporation buyers

Adam Morgan

March 13, 2019

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

There are reportedly only three American casino operators that currently have enough financial clout to purchase the entirety of Caesars Entertainment Corporation while any other such interested local parties w...

Lack of Asian exposure hurting Caesars Entertainment Corporation

Adam Morgan

March 6, 2019

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Asian Casino News, Mergers, Acquisitions & Partnerships

The future prospects of American casino operator, Caesars Entertainment Corporation, are likely to remain relatively restricted due the firm’s policy of largely overlooking Asia in favor of focusing the vast ma...

New currency rules may negatively impact Macau casinos

Adam Morgan

February 16, 2019

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

The local branch of global brokerage firm Sanford C Bernstein and Company has reportedly detailed that it is still too early to tell what impact recently-tightened foreign currency transaction rules will have o...

Macau chalks up record-breaking Chinese New Year figures

Adam Morgan

February 12, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

Last week’s edition of the seven-day Chinese New Year holiday reportedly proved successful for Macau as the enclave surpassed an earlier official estimate to welcome well over one million tourists for the first...

Macau investors being warned to expect flat January gaming revenues

Adam Morgan

January 8, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

Lower than anticipated takings from the over 30 casinos in Macau during the first week of 2019 has reportedly prompted brokerage firm, Sanford C Bernstein and Company, to forecast that January’s upcoming aggreg...

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...

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...

Steve Wynn offloads entire stake in Wynn Resorts Limited

Adam Morgan

March 23, 2018

Latest Casino and Gambling News, Economy/Finance, Mergers, Acquisitions & Partnerships, Nevada

After resigning as Chairman and Chief Executive Officer for Wynn Resorts Limited early last month amid multiple allegations of sexual misconduct, Steve Wynn (pictured) has now reportedly sold off the entirety o...

Wynn Macau dealer arrested over $6 million chip theft

Adam Morgan

January 22, 2018

Latest Casino and Gambling News, Casino Heists, Macau, Crime

In Macau, local police have reportedly arrested a dealer from the Wynn Macau integrated casino resort along with an accomplice over allegations that the pair illegally made off with gambling chips worth approxi...

Macau posts seventh straight month of gross gaming revenue growth

Adam Morgan

March 3, 2017

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, February reportedly saw monthly aggregated gross gaming revenues significantly exceed previous predictions from several industry analysts and record a seventh consecutive increase to $2.88 billion. ...

Hong Kong-Zhuhai-Macau Bridge due to be completed this year

Adam Morgan

February 10, 2017

Latest Casino and Gambling News, China, Hong Kong, Macau

In China, the giant Hong Kong-Zhuhai-Macau Bridge is reportedly expected to be completed this year and span a 31-mile section of the Pearl River Delta to link the cities of Macau and Hong Kong. According to ...