Macau

Cryptocurrency

January 13, 2023 0

On Wednesday, January 11, 2023, Macau’s Judiciary Police apprehended 15 locals for supposed connections to an illegal online gambling organization...

Travel restrictions ahead of Chinese New Year impact Chinese gambling destinations

January 11, 2023 0

Beijing states that various countries are ”taking discriminatory entry restriction measures targeting China” after the country saw a rapid decline...

JP Morgan Alters the Earnings Expectations for 2023 in Macau

Vanja Mitic

January 9, 2023 0

JP Morgan, a famous investment bank, has altered its estimated earnings for the first quarter of 2023 for Macau gaming...

Emperor Entertainment Hotel signs deal to take over management of Macau’s satellite casino Grand Emperor

January 3, 2023 0

After a six-month period of direct administration by Macau gaming licensee, SJM Resorts Ltd., a subsidiary of Hong Kong-based SJM...

Macau concessionaries report year-to-year casinos fee as 10-year gaming concessions start

January 2, 2023 0

On January 2nd, 2023, six Macau concessionaires reported that they would individually pay the Macau government a base sum of...

Macau GGR expected to exceed $22 billion by 2027 to incur additional 20% tax to operators

December 21, 2022 0

Analysts at Morgan Stanley are predicting that Macau’s gross gaming revenue values will exceed $22 billion by 2027. The predictions...

Macau allocates gaming tables and slot machines to impose contingency to operators

Reviews from the Cotai Strip

December 19, 2022 0

The new concession period in the Macau gambling industry commences on January 1, 2023. The Macau government has therefore announced...

Six Macau Casino Operators Sign 10-year gaming contracts with Macau Government

December 16, 2022 0

Today, six incumbent casino operators in Macau signed a productive 10-year gaming contracts with the Macau government and received gaming...

Macau introduces casino play zones for foreign players, offers up to 5% tax relief for attracting overseas customers

Reviews from the Cotai Strip

December 9, 2022 0

Following the recent announcement of Macau’s authorities that this Chinese Administrative Region would be gradually opening up for visitors from...

Macau gradually opens up as officials expect no large-scale infections in future

Casino Destinations

December 7, 2022 0

Macau’s authorities announce that this Chinese Administrative Region will be ”gradually opening up” for visitors from abroad and from mainland...

Sands China renews trademark agreement with LVS for US $377 million

December 6, 2022 0

Macau-based Sands China Ltd has announced that it has renewed its brand licensing agreement with its parent investor, Las Vegas Sands...

Wynn Macau leads increase in Macau casino stocks following new licenses announcement

November 28, 2022 0

Wynn Macau led an improvement of Macau gaming stocks on Monday, November 28th in Hong Kong, following the city’s government...

COVID-zero policy led Wynn Macau to $163 million revenue loss in 3Q22

November 10, 2022 0

During the past 3 months until September 30th, 2022, Wynn Resorts, a leading developer of high quality hotels and casinos,...

APE and Jade Entertainment Sign Strategic Cooperation Deal for Macau Market

Vanja Mitic