Industry
April 21, 2022
Macau Legislative Assembly Voted in Favor of New Junket Bill
Macau’s new junket regulation law passed its first reading at the Special Administrative Region (SAR) of China’s Legislative Assembly (LA) with an overwhelming majority, Inside Asian Gaming reported. Tighter Regulation and Penalties for Junkets The bill titled “Legal Framework for Operating Games of Chance in Casinos” is aimed at further strengthening regulation for casino junket […]
Casino
April 20, 2022
Mass Baccarat Yielded 60% of Macau’s GGR in April
Macau’s gambling market is experiencing some tough periods because of the COVID-19 pandemic. The special administrative region’s gross gaming revenues have been steadily falling because of the safety measures, with analysts expecting the situation to not get better anytime soon. Despite the hurdles, the industry continues to see mass baccarat as the most favored game […]
Casino
April 20, 2022
Macau’s Gambling Revenues Continue to Drop Amid COVID-19 Hurdles
While the COVID-19 pandemic has winded down in the Western world, China is experiencing a new wave of COVID-related hurdles. The situation has hugely affected the special administrative region of Macau, leading to a 25% drop in its gross gaming revenues (GGR). Macau’s Results for April Are Expected to be the Lowest since September 2020 […]
Casino
April 19, 2022
Sands China Let Go of 3,000 Non-local Workers since the Start of the Pandemic
Sands China’s president, Wilfred Wong has stated that Sands China has fired more than 3,000 non-local workers since the start of the pandemic. Although he did not reveal the number of local workers that were laid off, he confirmed that 75% of the current employees are Macau residents. Non-local Workers Number in Macau’s Six Concessionaires […]
Industry
April 14, 2022
Macau Outlines New Penalties for Offending Junkets
Macau is not going to back down from regulating junket operators. Companies who engage in such activities would be held liable for various offenses to be inscribed in a new law and participants in junket operations would have to be on the straight and narrow to avoid what is possibly jail sentences. One of the […]
Casino
April 14, 2022
IMF Cautions Macau about Long-Term Growth as Gaming Faces Regulation
Macau has been shifting away from what is discovered to be an overreliance on its gaming industry. The realization was reinforced during the pandemic with casino properties and parlors remaining idle and officials rolling up their sleeves to tidy up the industry from its often unhealthy relationship with junket operators. IMF Sees Macau as Too […]
Casino
April 4, 2022
Macau’s Grand Emperor Hotel Casino to Shutter Operations in June
Concessionaires in Macau have faced many challenges over the last couple of years. The COVID-19 pandemic has kept revenues low and operational results ailing, but the special administrative region may finally be turning a corner despite struggling performances. To cope with the stress of the past two years, some companies have decided to reduce their […]
Legal
April 1, 2022
$36M Missing, Junkets Involved, Says Macau Police
Earlier this week, the Judiciary Police in Macau unveiled details regarding a case involving junkets that resulted in $36 million in missing proceeds. Two Men Arrested, Police Say They Took Money from 18 Individuals Police authorities in Macau said Tuesday that they arrested two men, allegedly involved in a criminal syndicate and fraud related to […]
Industry
April 1, 2022
Macau Government Confirms Stricter Rules for the Casino Gambling Sector
The Executive Council of Macau announced that the Macau Special Administrative Region (SAR) government would submit to the Legislative Assembly a new gaming law for the optimization and improvement of the gaming sector, suggesting stricter rules for those who operate in the sector. On March 31, 2022, the Executive Council pointed out the main aspects […]
Sports
March 31, 2022
APE Recognizes Need for Innovation, Focuses on the Metaverse
Asia Pioneer Entertainment Holdings Limited (APE) has said that it will seek to diversify its product offering and turn to metaverse experiences as a way to attract more consumers and travelers. The company cited the significant drop in visitors to Macau and across Asia as the reason why new solutions will be necessary to engage […]
