Rising geopolitical tensions between China and the United States are casting a shadow over Macau’s economic prospects for 2025, as experts caution that retaliatory tariff measures are likely to have…
Macau is gearing up for a major influx of visitors as the Chinese New Year (CNY) holiday kicks off on January 29. With new economic stimulus measures and expanded visa…
Macau has solidified its position as a global leader in the gaming industry, reporting MOP$8.0 billion (US$999 million) in gaming tax revenue for November 2024. This figure, released by the…
Macau’s newly enacted Illegal Gaming Law has officially come into effect as of October 29, 2024, following its announcement in the Official Gazette. The law, which passed its final vote…
Sands China Ltd., a premier casino and resort operator in Macau, has announced a strategic partnership with Agoda, a leading digital travel platform. The collaboration aims to enhance international tourism…
Macau’s economy witnessed a significant resurgence in the first half of 2024, with its gross domestic product (GDP) reaching MOP204.3 billion (US$25.5 billion), marking a 15.7% year-on-year increase. This growth…
The Macau government reported a significant increase in gaming tax revenue for the first seven months of 2024, highlighting the region’s strong economic rebound. The income from gaming taxes surged…
Macau’s casino revenue amounted to MOP17.69 billion (£1.74 billion/€2.04 billion/$2.21 billion) in June 2024, marking the lowest monthly total since November 2023. This figure represents a 16.4% increase from MOP15.21…
Macao Srl, a reputable stakeholder in the Italian iGaming industry, has entered a partnership with OKTO, a digital payment solution provider. Under the deal, the operator will use the provider’s…
Tourism and table drop are returning to Macau with the Macao Government Tourism Office (MGTO) stating on Friday that daily visitor numbers have not fallen below 50,000 since the Chinese…
Citigroup Global Markets Inc. has completed a research paper on Macau gambling that covers the recently ended week-long Chinese New Year (CNY) celebrations. Some of the numbers draw direct comparisons…
A spate of headlines across Asian gaming media shows a deluge of developments that will confirm beyond a doubt to the western world that China is good and well shut…
Unofficial reports are coming out of China and its administrative districts of Macau and Hong Kong of widespread SARS-CV-2 infections among the populations. On the heels of civil unrest related…
The Macau government and six existing casino concessionaires have signed new ten-year licensing agreements. On Friday, representatives of Galaxy Casino, Melco Resorts, MGM China, SJM Resorts, Venetian Macau, and Wynn…
Shares in US-based casino operators with properties in Macau, Wynn Resorts, MGM, and Las Vegas Sands experienced their biggest single-day jump ever on the news that all six existing license…
Most underemployed gaming industry workers in Macau are still job attached according to data from the Statistics and Census Service. The gaming industry includes casinos, lotteries, and junkets. The number…
Macau casinos were given the green light to open again at Midnight on Saturday under half-staffing rules and continued ingress and egress restrictions for the city. At the same time,…
With shutters being drawn at 12:01 a.m. Monday, morning all Macau casinos and other non-essential businesses have been forced to close for 7 days to help authorities stem an outbreak…
As a surge in COVID-19 cases hits the gambling hub of Macau, one of the city’s most iconic hotels, the Grand Lisboa has been shut down with some 500 guests,…
While Macau casinos technically remain open, most of the workers have been asked to stay home while the government continues mass testing of all residents that began on Sunday and…
The Macau Chief Executive’s advisory council has announced a framework for a government bill that will allow for new licensing of the former Portuguese enclave’s casino going forward. The current…
In an ongoing saga that would be of paramount interest to any aspiring screenwriter, a lead accountant for Las Vegas Sands recently told a court in Macau that the alleged…
The government of Macau announced on Tuesday a surprise review of the city’s gambling law sending shock waves to the stock market and wiping more than $18 billion off the…
Macau’s casino regulator has moved to strengthen its ranks as tourism from mainland China is swelling and gross gaming revenue is improving at the world’s largest gambling hub after a…
US casino powerhouse Las Vegas Sands is facing a $12 billion lawsuit filed in Macau by a former partner. The case casts light on how officials in the world’s biggest…
China lifted the quarantine banning travels to Macau region. Not long after that, Macau’с casino stocks rocketed to their highest level in almost two and a half months. Macau hasn’t…
Flutter Entertainment-owned online poker operator PokerStars is reportedly no longer accepting players from China, Macau, and Taiwan as its parent organization is looking to switch off black markets. Online poker…
Casino revenue in Macau sunk 79.7% year-on-year in March, according to data released Wednesday by the Gaming Inspection and Coordination Bureau. The city’s gambling venues generated just under MOP5.3 billion…
Casino revenue in Macau is expected to drop more than 70% year-on-year in March, according to several brokerage firms cited by regional gaming news outlet GGRAsia. Bad news for Macau…
Macau’s gross gaming revenue plummeted 87.8% in February due to the coronavirus outbreak and the measures taken by Mainland China to contain the spread, the city’s Gaming Inspection and Coordination…