FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
Macau’s gaming revenue plunged 55.8% in March to the lowest level in 18 months, as a worsening Covid-19 outbreak in China battered tourism in the city. Gross gaming revenue was MOP3.67
Once the new gaming law is approved, junkets can only be officially established if they satisfy all the requirements and conditions the government has
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
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
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
John Raymond made a plan and was sticking to it after arriving at Atlantic City’s Borgata casino to bet on the March Madness college basketball tournament
As proposed in a current draft law and promoted by the government, it is very likely in the future that all casino intermediaries or junkets will be
The local government has refused to specify in the new gaming law how much tax revenue from the gaming industry will be used for social welfare,
Under the new gaming law, future gaming concessionaires must notify the Chief Executive (CE), Ho Iat Seng, of any major investments and seek the CE’s
The Second Standing Committee of the parliament is taking part in the legislative process for the Gaming Law Amendment Bill. After yesterday’s meeting, Chan held a press conference
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.
The same representatives reaffirmed the intention of the government to enforce the regulations over the so-called “satellite casinos,” to ensure that they operate according to the
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
Melinda Chan has been reappointed as the chief executive officer of Macau Legend Development Ltd., the company announced in a filing. This announcement
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
Fitch Ratings has downgraded SJM Holdings Limited’s rating from “BB+” to “BB,” the agency announced in a statement, adding that the rating remains on Rating
The parliament’s Second Standing Committee has finished its preliminary discussion of the gaming law amendments and awaits government’s answers to its questions on Tuesday. The committee held meetings
S &P Global Ratings has downgraded the issuer credit rating for Las Vegas Sands (LVS) and Sands China, due to a slower recovery unfolding for
The Second Standing Committee of the Legislative Assembly (AL) has been meeting daily, aiming to finish its discussion of the new gaming law. According to sources close
The only measure by which to judge the impact of the disappearance of junket operators is activity over the Chinese New Year holiday, during which Wynn
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