Business
January 18, 2022
Mass-Market Gaming the Big Winner in Macau in 4Q2021
Mass gaming is going to be the big driver of gross gaming revenue (GGR) in Macau. This trend already began last year and will become more pronounced as junkets continue to lose their spot. The last quarter of 2021 saw how important the mass-market gaming segment was for the city’s GGR, blowing away the VIP […]
Industry
January 17, 2022
Macau Clarifies More of What’s In Store for Casino Operators
Macau continues to clear the air on what’s in store for casino operators over the next several months. Officials have released more details about what is likely in store with the city’s updated gambling laws, and the details have operators and analysts a little less tense over the future. Macau Concessions to Remain at Six […]
Industry
January 14, 2022
Macau Recovery Slows as New COVID-19 Restriction Emerges
Macau felt that the worst was behind it when it seemed COVID-19 was no longer going to threaten the city. It began easing travel restrictions between the casino city and mainland China, hoping to see an influx of visitors. The numbers haven’t been where the city expected and might not be for some time to […]
Industry
January 13, 2022
Macau Continues to Tweak Pandemic Monitoring Tools
Macau is hoping to get a hold of how COVID-19 spreads across the special administrative region (SAR), and the truth is it already has. The past two years have seen the region tackle COVID-19 by keeping the infection rates incredibly low. Then, an Omicron variant was detected, prompting the SAR to introduce a two-week ban […]
Casino
January 13, 2022
JP Morgan Says US Casinos in Macau Already Seen the Worst
Days after Fitch calmed investor fears that US casinos in Macau may be in for a rough year ahead, JP Morgan, another respected investment bank, upgraded the stocks of the US-owned casinos in the special administrative region from Neutral to Overweight. This reflects a positive outlook for the properties tied to their US owners, including […]
Casino
January 12, 2022
US Casinos in Macau Will Not Be Treated Differently, Fitch Ratings Claim
Fitch Ratings Inc insists that US-controlled casinos in Macau will not be treated any differently from casinos owned by Chinese entities in light of the recent gaming rights refreshments in the city. The company solidified its claim by adding that US casino subsidiaries are owned by public entities listed in Hong Kong, have invested a […]
Industry
January 6, 2022
Macau Bans Overseas Civil Flights Out of COVID Concerns
With COVID-19 cases on the rise once again, the Macau Special Administrative Region of the People’s Republic of China has prohibited all kinds of passenger flights arriving from outside of China. Macau Closes Its Borders for International Flights COVID-19 continues to prove itself one of the worst disasters befalling contemporary humanity. Each time it seems […]
Industry
January 5, 2022
Macau’s Casinos Could Become Guinea Pigs for China’s Digital Currency
China has big plans for its central bank digital currency (CBDC), the digital yuan. Pilot programs have already been introduced to test its ability, but big changes could soon be coming. A report by Reuters indicates that those changes may include Macau’s casinos. Macau to be Chinese CDBC Guinea Pig As Macau prepares to introduce […]
Casino
January 3, 2022
Wynn Macau, Casino Companies Pay Bonuses to Employees
Wynn Macau has decided to give all of its (or nearly all) employees a holiday bonus that will be paid out this month. The bonus reflects not so much on the holiday season but rather on the dedication with which members of the team have worked through the nadir of the pandemic and coped with […]
Industry
January 3, 2022
Macau Sees Significant GGR Growth as 2021 Winds Up
Macau was able to find some solid ground in 2021, despite ongoing global issues with COVID-19. The level of activity for the year wasn’t where the casino hub thought it would be, but it was a huge step in the right direction. As the pandemic continues to cause problems, whether Macau will see more growth […]