Industry
November 25, 2020
Bernstein: Macau’s Recovery Goes through Mass Premium Sector
Sparkling casinos and world-renowned hotels welcome tourists in Macau, a former Portuguese colony that has now become a Special Administrative Region of the People’s Republic of China. Travellers particularly appreciate the mix of Las Vegas-style rhinestones and rich history. As tourists are not all there for gambling, specialists said that there still was a parallel […]
Industry
November 24, 2020
Mainland Demand, Ease of Travel Restrictions to Boost Macau
Recovery in Macau is qualified as medium-term bullish, says Morgan Stanley, which has expressed positive outlook for the special administrative region on Monday. Macau’s Road to Recovery May Not Be too Far Ahead Chinese nationals may yet play a significant role in Macau’s gaming recovery, with Morgan Stanley assigning on Monday a medium-term bullish recovery […]
Casino
November 23, 2020
Macau’s VIP Segment to Drive Recovery for a While Longer
Macau is predicating its recovery on several factors, including the VIP segment, mass gaming vertical and family-friendly tourism moving forward. Recovery in Macau Begins as VIP Players Return Macau is looking for multiple ways to recover lost gambling revenue, the bulk of which was severed during the nadir of the novel coronavirus pandemic. Receipts at […]
Legal
November 20, 2020
Macau Clamps Down on 97 Illegal Gambling Sites in 2020
Some 97 websites related to illegal gambling and frauds have been suspended in Macau during the first eight months of the year. Macau Shuts 97 Illegal Gambling and Fraud Websites Macau has reported that 97 websites linked to illicit gambling or fraud have been shut so far in 2020, and specifically covering the first eight […]
Sports
November 20, 2020
Macau Plans on Hosting 12 Major Sports Events in 2021
The special administrative region of Macau will move past the pandemic by diversifying its revenue streams and add sports and tourism to its casino industry to achieve better sustainability. The city plans on hosting 12 major sports events in 2021. Macau Bets on Tourism and Sports Events for Future Sustainability Macau has long been touted […]
Legal
November 7, 2020
Police Arrest Alleged Casino Money Fraudsters in Macau
Macau’s Judiciary Police has arrested multiple individuals allegedly involved in frauds with casino money and the use of counterfeit currency. Some of the newly apprehended individuals are related to alleged crimes from last year. Macau’s Police Arrests People Allegedly Related to Casino Money Frauds Macau’s gaming industry has suffered due to the spread of respiratory […]
Business
November 6, 2020
Wynn Resorts Reports $758.1 Million Loss in Q3, Focuses On iGaming Venture
On November 5, Wynn Resorts reported a net loss of $758.1 million in Q3, a 53.3% decline year-on-year. Despite huge falls in revenue at its two Macau resorts, positive trends have been emerging on the local market. Positive Trends Emerge in Macau High-end hotel and casino developer Wynn Resorts reported yesterday a $758.1 million loss […]
Casino
November 5, 2020
Macao’s Recovery Expedited by China’s Crackdown on Junkets
Junket operators restrictions force more of these companies to drive VIP and high roller players to Macao exclusively at the behest of Beijing. This could be the essence of the administrative region’s recovery. Tougher Stance on China’s Junkets Could Mean Higher Revenue for Macao Macao was the first gaming hub in the world to […]
Casino
November 1, 2020
Macau October GGR Up 288% MoM, 10-Month Aggregate Down 81%
Casino industry rebound in the Special Administrative Region (SAR) of China continues, as the city’s regulator, the Gaming Inspection and Coordination Bureau (DICJ), reported Sunday more than 200% rise in gross gaming revenue (GGR) on a sequential monthly basis. Casinos Slowly Rebounding The regulator release showed GGR in October was the equivalent of $910.9 million […]
Business
September 7, 2020
Macau Airport Saw 30% Boost in August Daily Flights
Macau International Airport handled more flights in August compared to the previous month, a report released today by media outlet GGRAsia informed. The airport saw on average 8 flights per day, a 30% increase, mainly due to the expanded number of mainland China destinations. According to the information provided by Macau International Airport Company Ltd, […]