Method to their madness as fans bet on college hoops tourney

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

Macau residency required for future casino collaborators

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

Gov’t refuses to link gaming taxes to social welfare

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,

Major investments from concessionaires will require CE approval

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

Gov’t to clarify gaming promoters’ role by legislation, to be passed by Aug. 15

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

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.

Gov’t to assume full-time control over gaming tables number, firm on regulating ‘satellite casinos’

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 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

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

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

Fitch downgrades SJM rating to ‘BB’ due to loan, concession uncertainty

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

Committee awaits gov’t reply on gaming bill questions

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 downgrades credit rating on LVS, Sands China amid slow recovery

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

Gaming | Committee on track to complete law analysis before ‘deadline’

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

Gaming | Wynn seeing pent-up demand ‘at all levels of business’

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

Gaming | Committee: Stipulation on concessionaires ownership of casinos ‘not new’

The requirement that gambling concessionaires need to operate in venues they own “is not a new introduction,” lawmaker Chan Chak Mo, president of the parliament’s

Post CNY gaming revenue surge driven by strong visitation

Macau's gross gambling revenue (GGR) post Lunar New Year has hit the highest daily revenue figure since the Golden Week holiday in May 2021, according

Gaming | Union calls for US investigation into Suncity’s relationship with gaming operators

Local 501, a U.S.-based union, is calling for a coordinated U.S. federal investigation into the gambling junket operator Suncity Group and its historical relationships with U.S.

LVS terminates agreement with three primary gaming promoters

Las Vegas Sands has confirmed that it has terminated its contracts with three gaming promoters as of December 2021.  In its annual report, the

Gaming | Long-awaited amendment rolls out ‘over promised, under delivered’

 A long-awaited decision by casino executives arrived “over promised and under delivered” on Friday, four months after it was announced that a gaming

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