Macau’s gaming sector experienced a marginal decline in full-time employees during the fourth quarter of 2023 compared to the same period in the prior year, despite the rapid post-pandemic recovery in the tourism industry and Read More
Macau’s gross gaming revenue faced a decline in February compared to the previous month, reaching nearly MOP18.5 billion (US$2.3 billion), despite a bustling Golden Week attracting tourists to the city. The region had recorded Read More
The long-anticipated extension of Macau’s Ponte 16 Casino is estimated to cost between 515 million and 618 million patacas (approximately US$64 million to US$77 million). The information was relayed by Hoffman Ma, chairman of Hong Kong-listed Success Read More
Macau has reported a record influx of tourists during the Lunar New Year holiday, particularly fueled by a surge in travel demand from mainland China, indicating a potentially lucrative month for casinos in the world’Read More
The government of Macau announced that there will be no more horse racing in the city after more than 40 years, revealing plans to terminate its contract with the city’s jockey club in April. Macau, Read More
Casinos in Macau recorded a threefold increase in suspicious transactions in 2023, reveals data from the Financial Intelligence Office (GIF). According to the official data, the number of suspicious transaction reports (STRs) filed by gaming operators Read More
Chief Executive Ho Iat Seng has revealed that a comprehensive five-year economic diversification plan for Macau, titled ‘Plan for Moderate Economic Diversification of Macau Special Administrative Region (2024-2028),’ will “soon” be made public. The move Read More
Macau casinos’ gross gaming revenue dropped by 2.3% in June from the previous month to MOP15.207 billion ($1.88 billion), according to a report released by the Gaming Inspection and Coordination Bureau (DICJ). However, despite the monthly drop, Read More
Macau’s gaming industry is expected to reach pre-Covid levels in the second quarter of 2023. According to investment bank Morgan Stanley, industry EBITDA would increase by 46% quarter-on-quarter, reaching $1.6 billion, equivalent to 70% of pre-pandemic levels. Meanwhile, Read More
Last week, Macau saw the introduction of a new bill that aims to tighten regulations and deter potential breaches of gaming credit practices. According to local news, the legislation has been unanimously passed and will Read More
Macau’s casinos saw gross gaming revenue of MOP $10.32 billion ($1.28 billion) in February, continuing the strong performance following the lifting of most border restrictions on 8 January. According to data released by the Gaming Inspection and Read More
Macau casinos have seen gaming revenue surge in January amid China’s reopening and the week-long Lunar New Year. These factors sparked an influx of visitors to the gambling hub, fueling optimism that the city Read More
Macau is having a tourism boom due to the Lunar New Year, according to latest reports. Visitation increased significantly from the previous year, when the gaming hub was affected by the pandemic, rising by more Read More
While Macau posted its worst year for gambling in 2022, there are now high expectations that things might just turn around for the gaming hub during this coming year – and that rebound might start this month. Read More
Macau ex-junket boss Alvin Chau has been sentenced to 18 years in prison after he was found guilty of charges including illicit gambling, criminal association and fraud. Chau’s downfall, which comes after weeks of trial Read More
Tourists are flocking to Macau after the gambling hub moved to lift its Covid-19 restrictions earlier this month. Visitation to the Chinese city and its gaming revenue for the first 10 days of January are the Read More