Industry
November 1, 2022
Macau GGR Declined by 10.7% in October
The gaming industry in the special administrative region of Macau continues to struggle with the aftermath of the pandemic. The Macau Gaming Inspection and Coordination Bureau just reported how gambling performed in October. While the results are not great, they show that there might be hope for recovery. The Bureau Posted the October Results According […]
Industry
November 1, 2022
No Irregularities around Suncity Were Found, DICJ Head Testified
Macau’s Court of First Instance dealing with the case against former Suncity boss Alvin Chau and 20 other defendants heard Monday that the city gaming regulator had found no irregularities during its past checks of the finances of the junket operator. Cross-Checking with Concessionaires Chau and the others were indicted with illegal gambling activities, running […]
Business
October 31, 2022
SJM Reports Drop in Net Gaming Revenue for Q3
Owner, operator, and developer of integrated entertainment reports and casinos in Macau SJM Holdings Ltd has published the financial results for the third quarter of 2022 along with a series of selected unaudited key performance indicators for the nine months that ended 30 September. The parent company of concession holder SJM Resorts has reported a […]
Industry
October 31, 2022
China to Introduce eVisas on November 1
China is rolling in a new online visa application system, colloquially referred to as eVisa, that will be used to allow citizens from the mainland to travel to Macau beginning on November 1. The online visa system will replace the in-place application as China continues to digitalize its services, control the inflow and outflow of […]
Industry
October 31, 2022
China Puts MGM Cotai on COVID Lockdown as Rapid Testing Continues
A few days ahead of the reopening of borders between mainland China and Macau, MGM China’s Cotai casino in the Special Administrative Region was put down on shutdown on Sunday, after a dealer tested positive for COVID-19. China’s zero-Covid policy has been one of the strictest in dealing with the disease which first emerged in […]
Casino
October 27, 2022
Macau: Casino Shares Optimism Dampened by New Covid Case
Macau’s casinos rallied Wednesday on the news that authorities are about to resume group tours from mainland China to the Special Administrative Region (SAR), only to subside later in the day on the rollout of mass testing in some areas, Bloomberg reported. The City Ready to Resume Mainland China Tours Following a report in TDM, […]
Industry
October 26, 2022
Sands China Should Win Its Macau Concession Renewal Bid
While there is still time before the results are out, projections about who will come out with a concession aren’t the be-all and end-all when it comes to Macau’s casino industry. Tough operating conditions and new rules mean businesses will probably have their hands full while the region slowly recovers. Morgan Stanley Weighs in on […]
Industry
October 20, 2022
Macau Gambling Tax Recovers in September
Macau’s government has been able to collect a tidy sum from the special administrative region’s casino concessionaires for the month of September. This is owing to both the fact that there has been a relaxation in travel restrictions and because of a tax hike that enabled Macau to gather bigger sums from operators in the […]
Industry
October 19, 2022
Macau Reports Fewer Suspicious Transactions in 2022
Macau has always wanted to make sure that its gambling industry is kept under control. A stat that tracks the number of Suspicious Transaction Reports (STRs) has indicated that the year-over-year number of such incidences dropped by 13.4% to 1,677 in the first nine months of 2022. This has to do partially with the fact […]
Industry
October 18, 2022
Dismal Q3 for Macau Casinos, Negative 2022 Trend Continued
Casinos in Macau continued to struggle in the third quarter of 2022, revealed the quarterly gaming statistics report of the Gaming Inspection and Coordination Bureau (DICJ). Record-Low Year on the Horizon Macau casinos registered for the three months ended September 30, 2022, games of fortune gross revenue of just HK$5.55 billion ($707 million), sliding down […]
