R eal estate consultancy Colliers International‘s recent report shows casinos in Cambodia could regain three-fifths of the sector’s pre-pandemic revenue this year, led by the VIP segment. Analysts expect Macau and Cambodia to Read More
Macau is one of the world’s biggest casino hubs. Many of the most powerful gambling companies in the world own and operate major casino-resorts here. This week, several of the top Macau casino stocks Read More
M organ Stanley’s latest adjustment to Macau’s gaming outlook shows a projected tally for GGR of USD23.7 billion, down by around 10% from previous forecasts, due to the strong headwinds against the VIP gaming Read More
M acau’s gross gaming revenue fell 66% to 7.82 billion patacas (USD 979 million) in December from a year earlier, according to data from the Macau Gaming Inspection & Coordination Bureau. It marked the worst year on record Read More
The small Chinese territory of Macau has been one of the world’s premier gambling destinations for decades. Unfortunately, the events that unfolded throughout 2020 took a devastating toll on the city’s economy. New reports Read More
M acau casino operators are expected to post a combined loss of nearly US$823 million in earnings before interest, tax, depreciation and amortization (Ebitda) for the quarter ended September 30, according to a Bloomberg survey of Read More
The downward trend continues in Asia’s largest gambling destination. All of the casinos in Macau are now open, yet tourism rates and revenue earnings are still low here. New reports indicate that Macau’s Read More
The cultural and entertainment mecca known as Macau is known around the world for having some of the most amazing resorts and casinos. It is really blossoming these days and has grown into its nickname, “Read More
After several plaintiffs reported they were being prevented from withdrawing the funds I n the past few weeks, several plaintiffs have emerged who report, on websites and anonymously, that they are being prevented from withdrawing Read More
Gambling News
Macau
partially
Macau partially restarts tourist visas, tightens restrictions for Hong Kong
M acau’s government announced Monday that tourist visas, through which the majority of gamblers visit casinos in the Chinese territory, will be reinstated for the neighbouring city of Zhuhai, paving the way for a Read More
M acau health authorities said Monday that about 4,000 casino workers have been tested for Covid-19 per day since new policies were enforced by the local government. Since July 15, visitors entering casinos have to present a Read More
A ccording to Macau’s Statistics and Census Bureau (DSEC), the number of visitor arrivals reported in the first half of 2020 saw an 83.9 percent year-on-year drop to more than 3.26 million. Just in June, a total 22,556 Read More
Most gambling destinations throughout the world charge resort fees. The latter refers to extra charges that casino and hotels add to a bill for your stay. Las Vegas is notorious for charging large resort fees. Read More
The new rules will not apply to casino workers, which will take a one-off test in groups T he new Macau government policy demanding a negative Covid-19 test for entry in casinos will only apply Read More