Macau: World’s favorite casino destination in 2024

Often referred to as the “Las Vegas of Asia,” Macau tops the charts in Online Betting Guide’s 2024 Global Casino Index (OLBG). The city

Casino’s new RFDI data tracking raises privacy concerns

The expanded use of radio frequency identification technology in Macao casinos may unintentionally give regulators unprecedented insight into patrons’ gambling habits. Industry analyst Ben

Definitely bigger than Vegas, again: Macau GGR increases 7-fold in August

The city’s casino recovery is sustaining its momentum, with gaming revenue in August soaring a staggering 686% from a year earlier to the highest level since January 2020. Gross gaming revenue

Gov’t calls for strengthened casino security following brawl

The Judiciary Police (PJ), the Gaming Inspection and Coordination Bureau (DICJ) and representatives of six comprehensive resort companies met to promote communication and cooperation, enhance

Casinos slated to outperform in 2023, Melco leads stock rises

Casino operators in Macau are set to outperform in 2023 following nearly three years of restrictions that have hampered the gaming hub, J.P. Morgan analyst Joseph

Casinos expected to suffer from staff shortage post-pandemic

The casino industry is expected to see a shortage of staff once the economy returns to normal and operators should have a clear plan for

Consolidation Period Casinos resume with restrictions

All casinos in the city will be allowed to resume this Saturday, regardless of the location of their entrances. In contrast to shops located

Casinos’ mandatory contribution to social funds might be waived

The rules mandating that gaming concessionaires must contribute annually with fixed percentages from their annual gross gaming revenues to the Macao Foundation (2%) as well as

3-year buffer period to start alongside new concessions

The government has changed its mind and will only start counting the three-year buffer period concerning “satellite casinos” from the time new concession contracts take effect.

Casino stocks rise following revision announcement

Casino's shares recorded a surge of up to nearly 17% on Friday after authorities announced amendments to the city’s gaming law. Reports and analysts had

June gaming revenue to show another deep plunge

Macau casinos’ June gaming revenue is expected to plunge by more than 90% for the third straight month, as China’s border curbs imposed during the coronavirus outbreak continue to hurt

Las Vegas | Adelson’s casinos stay open in city divided over virus

MGM Resorts International and Wynn Resorts Ltd. both announced over the weekend that they were closing their Las Vegas casinos until the coronavirus threat passes. But not the giant Venetian

Macau gaming revenue suffers record plunge from virus blow

Gross gaming revenue was 3.1 billion patacas ($386.5 million) in February, down 87.8% from a year earlier, according to data from the Gaming Inspection & Coordination Bureau. In a survey,

Stanley Ho admitted to emergency room in HK – media report

Due to his fragile health condition Ho, 97, has been hospitalized with the report indicating that his health got worse at around 6:00 p.m. Friday. Despite initial treatment, some “organ

First Macau gaming revenue drop since 2016: China slowdown to blame

Monthly casino revenue in Macau fell for the first time in more than two years as China’s weakening economy kept high rollers away from the city, according to data published

Macau’s casinos face dimmer prospects for October Golden Week holiday

Macau’s casinos face dimmer prospects for the upcoming Golden Week holiday as the slowing Chinese economy and trade war with the U.S. hang over the world’s biggest gambling hub. About 40

Wynn Resorts shaken by misconduct claims against founder

DAMIAN J. TROISE, NEW YORK (AP) Wynn Resorts is denying multiple allegations of sexual harassment and assault by founder Steve Wynn detailed in a Wall Street Journal report that sent shares

Smoke from fire kills 36 in Philippine casino attack

MANILA, Philippines — A gunman stormed a crowded Manila casino early today (Friday) and used gasoline to set gambling tables on fire, creating clouds of smoke that swept through the crowds

Macau casino fortunes hit 5-year low, lead on Vegas narrows

(Bloomberg) -- Macau casino revenue sunk to the lowest level in five years as Chinese high-rollers stayed away in 2015, narrowing the world’s largest gambling hub’s lead on Las Vegas. Gross

Breaking News: Casinos 30pct down in December, 2.5pct over the year – report

Macau’s casinos are going to end December with a year-on-year fall of somewhere between 30% and 32% and an annual drop of about 2.5% compared with 2013, operator data collected

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