CE: Gaming operators know better about tourist arrival outlook

Chief Executive Ho Iat Seng expressed his belief that gambling concessionaires “know better than the government” about the outlook on tourist arrival numbers. His remark

Gaming tender committee to meet with bidders for proposal discussions

The committee for the gaming tender bids is set to meet with the seven companies competing for the six concessions from next week, when competitors present their proposals

Genting ‘prospective rescuer’ if incumbent operator continues to face cash bleed

Genting's bid in the gaming tender may be a way to partner itself to an incumbent gaming operator in financial turmoil, according to a note issued

NJ casino, online, sports betting revenue up 10% in August

New Jersey’s casinos, horse tracks that offer sports betting and the online partners of both types of gambling outlets won $470.6 million from

Wynn submits bid for 10-year casino licenses

Gaming operator, Wynn Macau, submitted its tender to the government for a 10-year casino concession yesterday, one day ahead of the deadline. The gaming

New Crown boss Carruthers ‘not banking’ on Chinese high rollers returning to Australia

Crown Resorts’ new chief executive Ciaran Carruthers said the Australian casino giant is not banking on Chinese high rollers returning to Australia to boost its bottom

Gaming sector suffers from outbreak aftermath as slumps continue in August

Macau's gross gaming revenue fell to MOP2.19 billion in August, a plunge of 50.7% year-on-year, as the city struggles with the aftermath of its largest outbreak

‘Dream goes on’

Weeks before the deadline to submit a bid for the gaming tender (September 14), Wilfred Wong is optimistic about Sands China Limited (SCL) being able to

Minimum casino table income set at MOP7 million, tables capped at 6,000

The maximum number of gaming tables for all casinos in the city is capped at 6,000, while gaming machines have a maximum of 12,000 from

Satellite casinos find alleged increase in concessionaires’ revenue shares ‘unreasonable’

A gaming operator is reportedly planning to increase its revenue shares from satellite casinos by 5%, according to media reports, amid the public tender for a new gaming

MGM China to inject USD594m for local unit ahead of license bid

MGM China is set to pump USD594 million into its Macau casino operator as the company prepares to bid for a new license amid the law overhaul.

‘Firm recovery’ only in 2023 as gaming sector losses up to USD2b in first half

The gaming sector may only see steady recovery in 2023, says investment banking company Jefferies Group, as all gaming operators have reported revenue losses of

Melco sees local operations’ revenues drop by nearly half

Heightened border restrictions in Macau and mainland China related to Covid-19 have dealt a blow to gaming operator Melco Resorts & Entertainment Limited as its

GEG confident in new concession, reports 40% revenue drop in Q2

Galaxy Entertainment Group (GEG) recorded a net revenue of HKD2.4 billion in the second quarter, down 56% year-on-year and down 41% quarter-on-quarter. According to its

David Chow exits Macau Legend

Gaming tycoon Davin Chow Kam Fai has resigned from the board of Macau Legend Development Ltd, a firm he co-founded in 2006. According to a

Collaboration duty dropped from ‘junkets bill’

The infamous Article 56 of the new law to regulate casino activities, also called the “junkets bill,” has been dropped from the bill’s final version

Casinos may take deposits but must ensure their source

A revised version of the bill which regulates casino operations and is part of the package of new gaming laws provides that casino concessionaires may take

Wynn Resorts pledges to play part in attracting foreign bettors in reformed sector

Casino operator Wynn Resorts has pledged to boost the concerted effort to diversify the city’s market, according to an approved landmark casino bill that also

MGM China revenue plunges in 2H, puts focus on sports and entertainment in bid

MGM China’s operations were affected by travel restrictions in the region due to the Covid-19 outbreaks that occurred in Macau and neighboring regions. Public health

SJM Holdings announces rights issue, term loan with STDM

SJM Holdings Limited has come to an agreement with its controlling shareholder, Sociedade de Turismo e Diversões de Macau, S.A. (STDM) for an unsecured term loan of HKD2

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