Industry
September 14, 2022
Seven Companies Fight for Macau’s Limited Casino Licenses
At the end of July, the Macao SAR Government announced a new public tender round for casino concessions for the next 10-year period. According to their newly implemented guidelines, operators will be able to compete for six licenses of up to ten years. The application period ended on 14 September with seven potential applicants, meaning […]
Casino
September 13, 2022
Wynn Macau Submits License Re-tendering Bid
Wynn Macau, Wynn Resorts’ Chinese arm, announced that it has submitted its application for a new gaming concession. This makes the company the first among the six concessionaires to confirm joining the concession race. Wynn Macau Submits Concession Bid Wynn Macau’s submitted its tender for a new 10-year concession under the name Wynn Resorts (Macau). […]
Casino
September 12, 2022
Macau Workforce Stats Reveals Fewer Gambling Industry Workers in Q2
Macau’s Statistics and Census Service has noted that the gaming force in Macau has remained fairly unchanged despite a decline in the number of people employed in the sector. The full-time employees in the gaming industry as of the second quarter of the year were down 2,176 to 53,592. The dealers numbered 24,093 down 550 […]
Industry
September 6, 2022
Macau Continues to Fall Behind as Casino Suppliers Relocate
China’s Covid Zero policy continues to hamper Macau’s post-pandemic recovery. The special administrative region’s gambling market continues to show subpar financial results, and experts are not optimistic about its prospects. This uncertainty has prompted several key casino suppliers to jump ship and relocate to Singapore and the Philippines, where operators have recorded substantially better growth. […]
Industry
September 6, 2022
Bernstein Is Skeptical about Macau’s Recovery
Finance expert Bernstein has once again commented on the situation of Macau’s gambling market. This time, the firm’s analysts discussed the special administrative region’s slight daily revenue growth. Umansky and Yang Don’t Buy the Optimism Vitaly Umansky and Shirley Yang, two finance experts at Bernstein, explained that during September’s first four days, Macau’s gross gaming […]
Legal
September 5, 2022
Chau’s Trial Postponed as Defendants Fail to Show Up
Alvin Chau’s trial has been postponed after more than half of the defendants failed to turn up on September 2. Half of the Defendants Didn’t Show Up Alvin Chau is the ex-chair of the notorious Suncity Group, a Chinese junket operator that was allegedly involved in numerous illegal gambling activities. Because of his involvement with […]
Casino
September 2, 2022
Morgan Stanley Weighs in on How New Macau Limits Impact Business
This year has been very important for the gambling industry in Macau. It’s been two years since the country basically closed its borders to outsiders, and lockdowns during the height of the pandemic meant businesses were severely crippled. As part of its preparations to recover, Macau has made some significant changes in its legislation, which […]
Industry
August 31, 2022
Macau Lifts International Travel Restrictions, Quarantine Remains
Macau finally has some good news to announce. International borders in the Special Administrative Region will be reopened starting on Thursday. This comes after almost two full years of shuttered borders which began in early 2020, blocking the outside world from accessing Macau. Macau Tries to Live with Covid-19 A total of 41 country non-residents […]
Industry
August 29, 2022
Junket and Gaming Closures See Macau’s Unemployment Increase
The dismantlement of mass junket operations in Macau has had an expected consequence – an increase in overall unemployment. In the first months of the junket clampdown, former employees of those businesses reported that they had experienced a steep decline in their finances and were struggling to adapt and find new jobs. This is not […]
Casino
August 26, 2022
Macau Unveils New Minimum Casino Revenue Threshold
Macau’s government has announced the new threshold for minimum revenue casino operators in the region must reach in 2023. The threshold is set to MOP$45.6 billion ($564 million) and it is similar to the 2022 levels. The chosen amount is considered fairly easy to reach and selected as a means of offering relief in the […]
