Business

After recording two months of year-on-year growth following 26 months of consecutive declines, combined casino gross gaming revenues in Macau are beginning to show sustained performance in… Read More

Since opening on August 22, the new $4.2 billion Wynn Palace Macau resort casino from Wynn Resorts Limited has reportedly experienced a “slow ramp-up” of its mass-market… Read More

Hong Kong-listed casino operator Galaxy Entertainment Group has revealed that its Galaxy Macau Casino Resort has reported better than expected customer numbers and expenditure over the first… Read More

September saw casinos in Macau post a better-than-expected 7.4% increase year-on-year in combined monthly gross gaming revenues due in part to the VIP segment likely reporting its… Read More

Following the decision of NagaCorp Limited to pull out of the bidding process earlier this week, the race to build and operate the first casino resort for… Read More

The future of The Landmark Hotel and its associated Pharaohs Palace Casino is uncertain after the Friday deadline for a previously announced acquisition agreement passed without a… Read More

After closing its high-roller operations at the Sands Cotai Central, the StarWorld Casino And Hotel Resort and the Galaxy Macau Casino earlier this month, VIP junket operator… Read More

The government of Macau has revealed that it only intends to present general guidelines for the development of the enclave’s non-gaming tourist industry and let operators decide… Read More

Despite facing an official policy that has seen its users issued with some 379 fines totalling over $1.25 million since January, the ride-sharing mobile application Uber has… Read More

After announcing a little over a week ago that it had closed its high-roller operations at the Sands Cotai Central, VIP junket operator Iao Kun Group Holding… Read More

After posting a 1.1% increase year-on-year in overall gross gaming revenues for August to $2.4 billion, Macau’s gaming industry could be about to register its second straight… Read More

Las Vegas Sands Corporation could soon consider the possibility of building additional themed casino resorts in Macau including developments based around the iconic sights and sounds of… Read More

Following yesterday’s news that Iao Kun Group Holding Company Limited had closed its operation inside the Sands Cotai Central, fellow Macau VIP junket operator Tak Chun Group… Read More

After earlier reporting a 47% drop year-on-year in company-wide rolling chip volumes for the first seven months of 2016 to $2.3 billion, VIP junket operator Iao Kun… Read More

American casino operator MGM Resorts International has now completed the $325 million acquisition of an additional 5% stake in its MGM China Holdings Limited subsidiary from Hong… Read More

Macau casino operator Melco International Development Limited has released its interim consolidated financial results for the six months to the end of June showing an almost 1,000%… Read More

After a 4.5 percent decrease in July, Macau has finally broken a losing trend beginning after May 2014. According to data from Macau’s Gaming Inspection and Coordination Bureau… Read More

The Macau Jockey Club (MJC) registered a loss of MOP88 million (US$11 million) for the last fiscal year, continuing to eat into corporate capital.  Portuguese-language publication Hoje Macau… Read More

Uber investors saw at least $2 billion wiped off their balance sheet over the last two years from their so-far failed China venture, according to a Bloomberg report…. Read More

Galaxy Entertainment Group (HKEx stock code: 27) seems to have mastered the difficult Macau market ahead of its competitors and was able to post impressive numbers in… Read More

The number of people employed in the Macau casino industry during the second quarter dropped slightly when compared with the same three-month period in 2016 although average… Read More

Casino operator Wynn Macau Limited has released its interim financial results for the first six months of 2016 showing a 20.6% drop year-on-year in net profit to… Read More

Foreign tourist groups have been left confused after Chinese officials instituted a temporary freeze on the issuance of six-day visas to visit the mainland through Macau and… Read More

American casino operator MGM Resorts International has spent around $325 million in order to acquire an additional 5% stake in its MGM China Holdings Limited subsidiary from… Read More

The owner of the Greek Mythology Casino has announced that it is considering taking legal action against the venue’s operator for failing to provide two years’ worth… Read More

Wynn Resorts Ltd have invested over $4.2 billion to develop its Wynn Palace casino resort which is scheduled to open on August 22 in the Cotai district of… Read More

Chinese sports lottery operator MelcoLot Limited has released its financial results for the first half of 2016 showing a 41% increase year-on-year in total revenues to $4.38… Read More

Japanese financial services giant Nomura Holdings is predicting that casinos in Macau are on track to record their smallest monthly year-on-year contraction in gross gaming revenues since… Read More

Continuing pressure on its business in Macau has seen VIP junket operator Neptune Group Limited announce that it expects to remain in the red for the twelve… Read More

Macau casino operator SJM Holdings Limited has released its interim financial results for the first half of 2016 showing a 20.6% decline year-on-year in total revenues to… Read More

Macau casino operator Galaxy Entertainment Group has launched a new mass-market gaming area on the third floor of its StarWorld Casino And Hotel featuring a 108-seat stadium-style… Read More

Angela Leong On Kei, an executive director of SJM Holdings Ltd., spoke with reporters on the sidelines of a press briefing Monday saying that although it would be difficult… Read More

According to a report out today by Macau‘s Gaming Inspection and Coordination Bureau (DICJ) gross gaming revenues for the month of July were up significantly from June’s numbers,… Read More

In a move seen to lower expectations, Wynn Resorts said in its second quarter report that they only expect to receive an allocation of 100 new to market… Read More

Hong Kong conglomerate Lai Sun Group has signed a deal with Village Roadshow Limited that will see the Australian theme park operator’s Village Roadshow Theme Parks subsidiary… Read More

Although no details have yet been revealed about the number of new-to-market gaming tables Wynn Palace has requested, earlier reports indicate that the US$4.1 billion Cotai venture… Read More

Greek Mythology Casino not affected by shuttering of Beijing Imperial Palace Hotel The firm behind Greek Mythology Casino has announced that a decision by the Macau Government… Read More

The former New Century Hotel, and home to the shuttered Greek Mythology Casino in Taipa has been ordered shut down for six months by the Macao Government Tourism… Read More

The Macau Gaming Inspection and Coordination Bureau (DICJ) has finished analyzing and have responded to a report they commissioned on greyhound racing in the city and have given… Read More

The Beijing Imperial Palace Hotel (formerly known as New Century Hotel, and home to the shuttered Greek Mythology Casino) has had its appeal to the Macau Court of Final… Read More

Macau Horse Racing Co. Ltd has not turned a profit at the Macau Jockey Club in a decade. Losses for 2015 have been reported in the Official… Read More

Melco Crown Entertainment Ltd. seems to be set to finally ask permission to open VIP gaming at their previously mass market focused Studio City casino in Macau. Bloomberg,… Read More

Although gross gaming revenue in Macau saw a year on year drop in the first half of 2016 to MOP107.79 billion, a decline of 11.4 percent from the corresponding… Read More

Data released Friday by Macau’s casino regulator,  the Gaming Inspection and Coordination Bureau (DICJ) show the gaming downturn entering its third year with a year on year gross gaming… Read More

Venetian Macau and MGM Macau have had their appeals denied which related to tourism taxes owed from 2011 and 2009 respectively. Galaxy Entertainment Group had previously exercised their… Read More

Bloomberry Resorts Corp. said in a filing the Philippine Stock Exchange last week that it’s subsidiary Solaire Korea Co. Ltd is selling their 96.23 percent share in the company that owns … Read More

Although prospects for Macau’s dog racing enthusiasts may not be bright, the Macau Jockey Club & Racing Complex (MJC) seems to be positioning for a rebirth of the… Read More

A forecast published in London yesterday by the Economist Intelligence Unit (EIU) predicts that real Gross Domestic Product for Macau will continue to shrink this year, but at… Read More

Crown Resorts Ltd announced in a filing with the Australian Securities Exchange Wednesday that they plan to separate most of their non-Australian located businesses from their domestics. They will… Read More

Local media is reporting that a war of words has emerged again between Sands China Ltd boss, Sheldon Adelson and Galaxy Entertainment Group (GEG). The quotes attributed to gambling… Read More

The governing body of Greyhound Racing in New South Wales, Greyhound Racing NSW (GRNSW) has charged 179 owners and trainers with allegedly illegally exporting greyhounds to Macau in contravention… Read More

Chow Tai Fook Jewellery Group Ltd., has reported a full year profit drop of 46 percent as the Chinese economy beyond Macau gaming has continued to slow…. Read More

Macau Slot Co Ltd has had its singular sports betting license renewed with a new period of five years, insuring the operator a continued monopoly on all… Read More

Sheldon Adelson’s Sands China today revealed in a filing with the Hong Kong Stock Exchange that Las Vegas Sands Corp. has “reached a comprehensive and confidential settlement” with former Sands… Read More

The board of directors of Macau casino concessionaire,  Sands China Ltd. (HKEx:1928) announced poll results from ordinary resolutions proposed at the annual general meeting held on Friday… Read More

  Global Gaming Expo (G2E) Asia 2016, which ran from May 17 – 19 at the Venetian Macao this year saw another record-breaking turn out.  Over 10,000… Read More

The new Cotai development, Grand Lisboa Palace, expects to request 400-500 new-to-market gaming tables before it opens in late 2017 or early 2018. Macao Daily reported that Friday, SJM Holdings… Read More

Amax International Holdings Ltd (HKEx:959) announced this week that on May 15 they had been given in principle approval to begin gaming operations from the Republic of Vanuatu. The release… Read More

Macau Legend Development Ltd struck a bargain with the Lao government recently giving them a 50 year monopoly in Bolikhamsay, Khammouane and Savannakhet provinces, which includes the… Read More

Chinese officials and the Gaming Inspection Coordination Bureau, known as the DICJ, are cracking down hard on corruption in the Macau gambling industry. A new provision will… Read More

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