Author: Lynzy Valles, MDT
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Casino sector on the brink of revenue downturn
The city’s gaming sector is expected to tumble this month as analysts forecast a 13% drop in gross gaming revenue (GGR) compared to March, which ... -
The Star under fire for ongoing relationship with Alvin Chau
The Star Entertainment Group general counsel Andrew Power was quizzed on Monday about why the gaming operator has continued dealing with junket operator Suncity after it ... -
Fitch lowers SARs’ economic growth forecast
Fitch Ratings forecasts Macau’s economy will only expand by 19% in 2022, based on the assumption that gaming revenue will recover to about 44% of its ... -
Ching Ming tourist arrivals only at 48,500
The Macau SAR recorded only 48,536 tourist arrivals during the three days of the Ching Ming holiday, the traditional Tomb-Sweeping Festival. Provisional data from the Public ... -
Philippine Consulate sees record voter registrations for upcoming election
The Philippine Consulate General in Macau has briefed association leaders on the overseas voting for the upcoming Philippine Presidential Election which will run from April 10 ... -
Private rooms at The Star only shut down after Chau’s arrest
The private gaming rooms at The Star’s casino only shut down following the arrest of junket mogul Alvin Chau, according to an ongoing inquiry that tackles ... -
Contracts between junkets and concessionaires to require gov’t approval in new law
Once the new gaming law is approved, junkets can only be officially established if they satisfy all the requirements and conditions the government has set ... -
Golden Group terminates VIP business in another blow to sector
Macau Golden Group is shutting down its VIP operations following “careful consideration,” in the latest blow to the junket sector crisis. According to a memo seen ... -
VIP junket business over: Suncity
Reliance on VIP business is over, despite the fact that Macau used to be the gaming mecca in Asia, with VIP gaming as a major source ... -
The Star admits sending fabricated documents to BOC
The Bank of China has received fraudulent documents from Australian casino The Star relating to the source of a sum of money, proving that the deposited ... -
AUD76 million deposited through Macau banks for The Star
Wealthy Chinese gamblers have allegedly been encouraged to deposit millions of dollars into a junket operator’s Macau bank account, a red flag in respect of money ... -
Casinos ‘running low’ on cash: Morgan Stanley
Gaming operators in the city are “running low” on cash, reporting USD800 million (MOP6.4 billion) in losses per quarter, according to a report issued by Morgan ... -
Hotel guests near 500,000 in February
The number of guests at hotel establishments in February increased 29.3% year-on-year to 493,000, with the number of mainland guests (396,000) and local guests (68,000) rising ... -
Only vaccinated travelers allowed entry from Apr. 3
Vaccination against Covid-19 will be required for travelers aged 12 and above entering Macau from April 3, the government announced in a statement today. Travelers entering ... -
Insiders forsee gloomy outlook following premium payments, closure of satellite casinos
The anticipated revival of the gaming sector is again receding into the distance: with no recovery expected for at least six months. Gaming insiders have admitted ... -
Executive confirms ‘Suncity cage’ operation at The Star
Junket operator Suncity has operated as a third party at Australian casino, The Star, via a “Suncity cage” as the operator lacked regulatory approval, which involved ... -
February visitors down 5.6% despite CNY arrivals
The Macau SAR saw a decrease of 5.6% month-on-month in visitor arrivals, which totaled 655,505 in February, according to data from the Statistics and Census Service ... -
CCAC: Nothing unlawful in taxi management system contract award
There was nothing illegal in the award of the contract for the “supply and maintenance service of the taxi management system” by the Transport Bureau (DSAT), ... -
CE: ‘Unswerving effort’ to implement ‘patriots governing Macau’ principle
The Chief Executive Ho Iat Seng has called for “unswerving effort” to ensure implementation of the “patriots governing Macau” principle and the safeguarding of the central ... -
Philippines reinstates visa-free travel from Hong Kong, Macau
The Philippine government has waived visas for travelers from Hong Kong and Macau who enter the country as temporary visitors for up to14 days. The Bureau ... -
Casino shares tumble amid tightened restrictions for Guangdong arrivals
Gaming operators in the city saw their shares plunge up to 13% yesterday following the tightened quarantine requirements for some travelers from the mainland, amid the ... -
Macau NPC reps call for easing of rules on foreign domestic workers in Hengqin
Macau representatives at the National People’s Congress have called for support of Hong Kong and Macau residents living in the Guangdong- Macau In-Depth Cooperation Zone in Hengqin being allowed to ... -
Macau gaming firms’ involvement in Vladivostok casinos a risk factor: Vickers
In the wake of Russia’s invasion of Ukraine and amid Beijing’s refusal to condemn the invasion, the state of China and U.S. relations remains in a ... -
Surge in cross-border smuggled goods
The Macao Customs Service has seized a total of MOP12.25 million in smuggled goods in a span of two months following the unearthing of 75 cases, ... -
March revenues to fall 32%: Bernstein
The city will see a downturn of up to 32% in gross gaming revenues (GGR) this month when compared year-on-year, according to brokerage firm Sanford C. ... -
Non-resident worker numbers dip over 6,500 in 2021
The Macau SAR saw a plunge of 6,565 year-on-year to 171,098 non-resident workers at end-2021, according to data from the the Statistics and Census Service (DSEC). ... -
PSP sergeant suspected of abuse of power and passive bribery
A deputy sergeant of the Traffic Department of the Public Security Police Force was found to have allegedly received a bribe for leaking information about the ... -
Gaming sector records decline in employees
The gaming sector has seen a decrease in the number of employees, recording a downturn of 1,774 year-on-year at the end of the fourth quarter of ... -
IFTM hosts Career Day with 67 organizations
The Macao Institute for Tourism Studies (IFTM) hosted 67 organisations (including 11 from Guangdong and Shanghai) from various sectors for its 2022 Career Day yesterday in ... -
Melco sees VIP junket players converted to premium direct
Melco Resorts and Entertainment is seeing players who were formerly VIP players from junkets entering its premium direct program. Speaking during an earnings call with analysts, ... -
Gaming revenue rebounds following boost in tourist arrivals
Growth in gross gaming revenue has been recorded for the month of February, with casino operators generating a total of MOP7.7 billion compared to the MOP6.34 ... -
Melinda Chan reappointed as CEO of Macau Legend
Melinda Chan has been reappointed as the chief executive officer of Macau Legend Development Ltd., the company announced in a filing. This announcement came a month ... -
Property moguls defendants in corruption case trial
Property developers William Kuan Vai Lam and Sio Tak Hong have been confirmed as additional defendants in the ongoing corruption trial of Li Canfeng, the former director ... -
Air passenger traffic expected to recover up to 34% in 2022
Passenger traffic and flight movements of the Macau International Airport (MIA) are projected to recover to about 30% and 34% of pre-pandemic levels in 2019, respectively. ... -
Galaxy reports strong 2021 rebound
With a significant increase in revenue last year, Galaxy Entertainment Group’s (GEG) profit stood at HKD1.3 billion for 2021, compared to a HKD4 billion loss in ...
