Legal
June 9, 2021
Las Vegas Sands Brought to Macau Court over $12B in Damages
A lawsuit filed in Macau against Las Vegas Sands (LVS) nearly a decade ago by a former casino license partner is seeking a mammoth compensation from the casino giant, Reuters reports. Claims for 70% of LVS’s Profits Asian American Entertainment Corporation, a company LVS submitted a joint bid for a Macau gaming concession in 2001 […]
Casino
June 9, 2021
MGM Resorts-backed Venture to Launch the MGM Name in China
The Diaoyutai State Guesthouse in China has played host to foreign dignitaries like Vladimir Putin, Kim Jong-un, Theresa May, Richard Nixon and others since it opened in the 1950s. It is also the former home of China’s Cultural Revolution, which lasted from 1966 to 1976. While that cultural revolution had a completely different goal in […]
Casino
June 8, 2021
Macau Might Test the Entire City for COVID-19 as Outbreaks in China Appear
Macau had started down a path of recovery following the COVID-19 debacle and seemed to be ready to beat expectations. However, there have been pockets of outbreaks of the coronavirus in mainland China that are now threatening that recovery. Now, in order to prevent the city from falling victim once again to a major shutdown, […]
Casino
June 4, 2021
Las Vegas Sands Boss Unimpressed with the Progress of Macau’s Recovery
Recovery of Macau’s gaming market is moving very slowly, a result of a year-long COVID-19 pandemic that continues to hint at a resurgence. Even as some progress has been made in controlling the coronavirus and getting Macau back on its feet, Robert Goldstein, the chairman, and CEO of Las Vegas Sands (LVS), isn’t happy with […]
Casino
June 2, 2021
Casino Operators in Macau Initiate COVID-19 Employee Vaccinations
Casino operators in Macau are joining the fight against COVID-19 by organizing vaccinations for their employees. SJM has announced that it plans to launch a massive vaccination program, while Sands China already started vaccinating its employees and their families. SJM to Launch a Massive Vaccination Program To fight against COVID-19, Health Officials in Macau have […]
Industry
May 31, 2021
Macau under Threat as Spike in COVID-19 Cases Seen in China
There was a time when it seemed like COVID-19 was almost completely eradicated in most countries, but the pockets of outbreaks show that there is still more work to be done. Macau was hit hard by the pandemic, with the gambling city turning into a ghost town as borders and casinos were forced to be […]
Business
May 24, 2021
South Shore Holdings May Be on the Brink of Folding as it Halts Trading
In Western culture, the number 13 is associated with bad luck. However, in Chinese culture, 13 is viewed differently, and is associated with prosperity and good fortune. That might have been part of the reason South Shore Holdings decided to name a property it was expanding in Macau “The 13,” but, in this case, Western […]
Casino
May 18, 2021
Macau Legislators Want to Put Casino Operators Under the Microscope
Next year is a crucial year for Macau’s gaming industry as the city, a Special Administrative Region (SAR) under China’s control, is going to have to issue new gaming licenses to its six casino operators. The future of Las Vegas Sands, Wynn Resorts and others in Asia could depend greatly on how the new licenses […]
Legal
May 11, 2021
Macau’s GGR Increases as the City Prepares to Revamp its Gambling Laws
If Macau’s casino scene is any indication, the global gaming industry is on a path toward recovery following the COVID-19 pandemic. 2021 got off to a slow start, but things have continued to pick up since then, with May showing more gross gaming revenue (GGR) gains as the Asian casino hub comes back to life. […]
Industry
May 6, 2021
Head of Macau’s Gambling Authority Given Two-year Extension
To say that Macau is going through a transitional phase would be an understatement. Historically supported by casinos, the city began exploring new endeavors to attract other tourism markets before the onset of COVID-19, which essentially decimated Macau’s gaming scene. The fallout from the global pandemic is going to undoubtedly bring more changes to the […]