After Macau lawmakers approved the new gaming law Tuesday allowing six licenses for 10-year periods, brokerage JP Morgan said in a note that they expect the new public tender for Macau’s gaming licenses to Read More
Macau has extended its COVID-19 lockdown as of Thursday. However, casinos have been allowed to remain open, according to a statement from Chief Executive Ho Iat Seng on the government’s website. Furthermore, Macau’s Read More
Macau began its second day of mass COVID-19 testing on Monday after dozens of locally transmitted cases were discovered over the weekend, with most businesses shut but casinos remaining open. The testing of Macau’s Read More
Galaxy Entertainment Group (GEG) announced the closure of two of its satellite casinos in Macau —Rio Casino and President Casino— as of today, June 16. According to an announcement by GEG, group employees working in these Read More
Six to eight satellite casinos operating in Macau could close by June, according to comments Kwok Chi Chung, the President of the Macau Association of Gaming and Entertainment Promoters, has made to Exmoo News. Satellite Read More
At the Macau Legislative Assembly plenary session on Monday, the Secretary for Economy and Finance, Lei Wai Nong, said that closed satellite casinos will not be permitted to reopen, despite the government’s recent U-turn Read More
Macau is considering the introduction of a tax cut and revised conditions for “satellite casinos” as the city’s gaming industry -the world’s largest gambling hub in pre-pandemic years- continues to struggle amid the Read More
Macau casino revenue has plunged to an 18-month low amid the ongoing impact of the pandemic on the gaming destination. Revenue for April fell 68% from a year earlier as the world’s biggest gambling hub Read More
Macau’s Legislative Assembly (AL) has passed the draft of a bill set to clarify roles and rules for junket entities, their sub-agents, the much-discussed “satellite casinos” and their managing entities, and the relationships these Read More
Gaming revenue in Macau fell to its lowest level in 18 months after plunging 56% in March, according to data shared by the Gaming Inspection and Coordination Bureau. Income from gaming in the world’s largest gambling Read More
Seven “satellite casinos” operating in Macau are allegedly slated to stop operating in the world’s largest gaming hub by mid-year. The news comes as the city moves forward with the process of amending its Read More
The Macau SAR government is exploring the possibility of increasing the transition grace period to be given to “satellite casinos” -venues operating under a license attached to one of the concessionaires, but which are run Read More
Macau gaming revenue is expected to drop by almost half in March amid the worsened mainland China pandemic situation, investment bank Citi predicts. According to Citi, the impact would cause gross gaming revenue to drop Read More
The Macau government has pledged to clarify the role of gambling promoters in the world’s largest gambling hub through legislation, to be passed later this year. The plans were confirmed by Chan Chak Mo, Read More
Macau’s government is keen on assuming control over the total number of gaming tables and slot machines available at casinos in the world’s largest gaming hub, officials confirmed in a meeting of the Read More
New details about amendments to be introduced to Macau’s gaming law, currently in discussion at the SAR’s Legislative Assembly (AL), keep surfacing. On Friday, Chan Chak Mo, president of the second standing committee, Read More