Legal
May 16, 2022
Macau Considers Tax Breaks for Concessionaires Who Bring Foreign Gamblers
Macau’s Legislative Assembly Second Standing Committee has discussed the possibility of reducing tax rates for concessionaires who attract foreign players on their grounds. This comes shortly after the government of this special administrative region introduced stricter rules for the gambling industry at the start of April. Visitors Have a Hard Time Going to Macau During […]
Legal
May 16, 2022
Bill Change Lets Macau Satellites Work Past Grace Period
Macau’s satellite casinos will be allowed to operate even after the elapse of the previously-agreed three-year grace period. Andrew Chan Chak Mo, president of the Second Standing Committee of the Macau Legislative Assembly, announced so on May 13. Satellites Will Be Able to Operate After the 3-Year Period As discussions about the future of gambling […]
Casino
May 11, 2022
Wynn Macau Ltd Feels the Heat of Lockdowns and Missing VIPs
Wynn Macau Ltd will have to face the facts, and the facts are that the long-term revenue has been impacted by the spate of regulatory changes introduced in the special administrative region. While the company has been more than happy to comply with all existing regulatory prerequisites, the return to profitability will be a somewhat […]
Casino
May 11, 2022
Melco Macau Subsidiary to Go to Court with Former Business Partner
Melco Resorts & Entertainment subsidiary COD Resorts Limited is readying up to meet in court with a former business partner, Luk Hing Investment Limited, which is accused of having defaulted on payments for property and failed to meet further business obligations. COD Resorts Limited decided to step in and take control of Club Cubic, which […]
Casino
May 9, 2022
Junkets No Longer to Accept Macau Casino Deposits
“Accountability,” is the word that will best describe casino operators in Macau, the special administrative region bordering China, that is undergoing rapid reregulation of its gambling industry. The COVID-19 pandemic forced the region to look for alternative revenue sources, with most of its GDP depending on casino concessionaires. Casinos Will Handle Deposits on Their Own […]
Legal
May 9, 2022
Two Bodies at MGM Cotai Suggest a Double Murder at the Casino Resort
A double murder at a gambling venue in Macau has led to the deaths of two women. The police are on the lookout for the perpetrator. Two Women Were Found Dead The crime took place at the MGM Cotai resort and casino. The bodies were found in one of the rooms on the 9th floor. […]
Casino
May 6, 2022
Macau’s Court of First Instance Reveals Reason behind the LVS-AAEC Ruling
Macau’s Court of First Instance has sided with Las Vegas Sands in the battle against Asian American Entertainment Corporation and the main reason why the latter was defeated in court was the failed attempt to sign a formal agreement. AAEC wanted to claim $12.1 billion in compensation. The Legal Battle between LVS and AAEC Explained […]
Blockchain
May 5, 2022
APE Holdings Enters the Metaverse, Launches Asia Tigers Club
Asia Pioneer Entertainment Holdings (APE Holdings), a supplier of gaming equipment based in Macau, announced its entry into the metaverse with the launch of the group’s first non-fungible token (NFT). Determined as a Tiger Asia Tigers Club, an NFT collection of 8,800 Picture For Profile (PFPs) unique and fashioned images of tigers based on the […]
Casino
May 5, 2022
Macau Set to Gain Access to Confidential Junket Documents
Macau wishes to keep its future junket operators under close supervision, but not everyone agrees. In fact, members of the Second Standing Senate Committee of the Macau Legislative Assembly have voiced concerns that the text of the proposed Legal Framework for Operating Games of Chance in Casinos could be a tad too overreaching and introduces […]
Casino
May 4, 2022
Macau Hits Sub-100K Visitors for Labor Day Holiday
Macau was hoping that the holiday period would help it pick up a little, but a last-minute flare-up of COVID-19 infection in neighboring China and Guangdong Province, in particular, has quickly dried up the flow of tourists across the border. Things are back to normal, but the damage has been done with China’s annual Labor […]
