Industry
February 1, 2022
Macau’s Casino Scene Takes a Step Backward as 2022 Gets Going
According to Macau’s Gaming Inspection and Coordination Bureau (DICJ, for its Portuguese acronym) data, Macau’s gross gaming revenue (GGR) fell 20.3% in January. This is a decrease of 20.3% from the previous month. This revenue was MOP6.34 billion ($793 million) compared to December’s MOP7.96 billion ($990.2 million). The year-on-year difference saw a drop of 20.9%. […]
Legal
January 31, 2022
Macau Police Reports Gaming-Related Crime Went up in 2021
The numbers are in, and crime has not gone down in Macau over the last 12 months. These are the conclusions published by Macau’s Judicial Police last Thursday. The wave of criminality in the special administrative region has increased by 23.2% year-over-year, citing gaming-related crimes. Gaming-Related Crime Still Pervades Society Despite the pandemic, criminals have […]
Business
January 31, 2022
Second High-Profile Junket Operator Arrested in Macau
Levo Chan Weng Line, the boss of Macau casino junket operator Tak Chun, was detained in Macau on Friday, according to the Judiciary Police. After Suncity Group, Tak Chun was one of the largest junket operators in the city. More Macau Junkets Fall A 49-year-old suspect identified as Chan by Macau authorities was taken into […]
Industry
January 28, 2022
Problem Gambling Impacts Family Relationships in Macau
Problem gambling is a delicate matter anywhere you go. While the stigma associated with this behavior has mostly dissipated, owing to clinical trials that prove it is a serious medical condition, numerous studies have found it necessary to reiterate the societal impact the higher prevalence of problem gambling plays – not least to help alleviate […]
Legal
January 27, 2022
Las Vegas Sands Fights Back Against $7-Billion Lawsuit in Macau
Las Vegas Sands (LVS) is back in court fighting a familiar foe. Asian American Entertainment Corporation (AAEC), a former business partner in Macau that helped it get its start there, has been trying to collect massive amounts of money for years. It argues that LVS breached its contract and, therefore, deserves a fat payday. It […]
Industry
January 26, 2022
Number of Junkets Active in Macau Cut in Half Since January 2021
Over the past year, the total number of Macau licensed gaming junkets has declined by 45.9%. According to the Gaming Inspection and Coordination Bureau (DICJ, for its Portuguese acronym), this is the ninth consecutive year that the number of licensed junkets has declined in Macau. More exits are likely leading up to the implementation of […]
Industry
January 25, 2022
IMF Projects Steady Recovery for Macau as Region Diversifies Economy
Business is a greasy pole – you go up, you go down. Macau has been struggling in the past two years has been all but deprived of its main revenue sources, casino gaming and tourism. This has not stopped the special administrative region (SAR) from continuing panning. It has overhauled its licensing procedure for casinos […]
Industry
January 25, 2022
Macau Legislators Approve New Gambling Laws During First Reading
Macau is one step closer to updating its gambling laws. The Legislative Assembly met yesterday, overwhelmingly adopting a draft gaming legislation amendment bill. A legislative committee review and a second hearing are needed before the bill can become law. A New Macau to Emerge in 2022 The bill draft sets a limit of six gaming […]
Industry
January 21, 2022
Macau Casinos Ready for Action as Flight Ban Lifted
It may only be a small step forward, but it’s still progress. Macau casinos will take whatever they can get to bring operations back to normal levels, and will receive some help next week. Officials from Macau have announced that the ban on civilian flights from other countries for 14 days will be lifted as […]
Industry
January 18, 2022
Macau Confirms New Gambling Laws Through Publication of Draft
The publication of the final version of the draft gambling laws in Macau is a huge step forward. While the laws still need final approval, they offer clear insight into what’s coming and what will be expected of casino operators. Among the many changes, more attention to responsible gambling and social programs are expected. Macau […]