Casino
March 29, 2022
Macau Casino Concessionaires Pay $5.83M to Extend Licenses
Macau is agog as the special administrative region is working hard to re-regulate its gambling industry and create new mint conditions for concessionaires to operate in. This begins with the extension of existing licenses, set to expire on June 26, through the end of the year. However, Macau is offering each concessionaire the opportunity to […]
Casino
March 29, 2022
SJM and Melco Resorts to Shut Down Satellite Casinos in Macau
Macau is rapidly changing its gambling laws which means that any remaining concessionaire would have to comply with what is expected to be the biggest overhaul of gambling regulation in the special administrative region. Among those are SJM Holdings and Melco Resorts International which are shutting down several of their satellite casinos in a bid […]
Casino
March 14, 2022
Melco Resorts CEO Applies for License Extension Through December 31, 2022
Melco Resorts has become one of the first companies in Macau to apply for a license extension, the company chairman and CEO Lawrence Ho confirmed. The company is seeking to extend its concession by another six months in the special administrative region (SAR) as a final draft of binding regulatory and licensing agreements is expected […]
Casino
March 8, 2022
Macau Police Arrest Sergeant for Feeding VIP Gaming Room Information
Macau has put a lot of pressure on its casinos and gaming industry of late with the special administrative region or SAR choosing to clamp down on junket operators, redraft the licensing rules, and generally introduce a new and stricter governing framework that dictates the day-to-day operations of gaming establishments in the jurisdiction. This is […]
Industry
March 3, 2022
Macau to Extend Licenses by Six Months Because of Gambling Reforms
Macau is allegedly planning to extend all gaming licenses by six months. The renewed permits will be valid until the end of 2022, the reports claim. Macau Might Extend Licenses by Six Months This news comes from local news outlets in Macau, which say that the region’s regulator is thinking about extending its operators’ licenses. […]
Casino
February 22, 2022
IAG Interviews Kwok Chi Chung on Future Macau Junket Changes
As junket operators are increasingly under pressure in Macau, Inside Asia Gaming (IAG) spoke with Kwok Chi Chung, the president of the Macau Association of Gaming and Entertainment Promoters, to discuss the fresh challenges the industry faces. This followed a meeting between the Gaming Inspection and Coordination Bureau (DICJ) and junket operators’ representatives. Kwok remained optimistic about a […]
Casino
February 16, 2022
LVS and AAEC’s 20-Year-Old Dispute Might End in the Coming Weeks
Macau’s Court of First Instance has picked Las Vegas Sands (LVS) over Asian American Entertainment Corp (AAEC) in a massive $7.5 billion lawsuit that dates back 20 years and which was filed over an alleged contract breach. LVS claims that the contract between the two companies ended on January 15, 2002, and it concerns a […]
Industry
February 11, 2022
Massive Hotel Growth Expected for Macau in the Coming Months
Macau is going through one of the biggest transformational periods it has seen since being transferred from Portugal to China. Casinos have ruled the city for the past five decades, but this is no longer going to be the case. While gambling will continue to be a major part of the economy, leaders in China […]
Industry
February 10, 2022
MGM China Eyeing Strong Recovery, Converting Junkets Part of Plan
Junket operators are a thing of the past in China and Macau. As MGM China would confirm, cutting the middleman out of business is not a bad thing. With junket operators out of the way, transitioning former junket customers now represents a unique opportunity for the growth of operators. MGM China Keen to Pursue Strong […]
Casino
February 7, 2022
LVS Becomes Latest Concessionaire to Forego Junkets in Macau
Macau has undergone some significant changes in the way it issues licenses to casinos, part of a broader review that was intended to bring the Special Administrative Region (SAR) under the further control of Beijing. The move also gave operating casinos in the SAR a very strong incentive to sit up and listen. As a […]