Saturday, June 25, 2022


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Chinese personality Guo Meimei jailed for running illegal casino


High-profile Chinese internet personality Guo Meimei has been jailed for five years and fined 50,000 yuan ($7,800) for running an illegal casino. The

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“Supply will create the demand” says Adelson on Macau


Las Vegas Sands CEO said at a conference in New York that the key to lifting Macau out of a slump is to build more resorts which will in turn stoke de

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Crime spikes in 15Q1 as revenues fall


Casino-linked crimes in Macau rose in the first quarter of 2015 as revenues plummeted, with the number of illegal detentions involving forced collecti

Chinese police track down suspect in Australia


Taking China’s anti-graft campaign one step further, Chinese police discretely traveled last year to the eastern suburbs of Melbourne to get a Chin

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Organizer pulls plug on Macau jewelry show


A Hong Kong-based jewelry company has blamed China’s anti-graft campaign for its decision to pull the plug on a trade show in Macau next month, citi

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Macau junket market to shrink further amid closures, expansion elsewhere


Macau’s junket market is expected to shrink further in 2015 amid tight liquidity and falling VIP revenue, with some analysts warning that the system that helped create the world’s biggest gambling hub may be near broken. The number of licensed gaming...

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MGM Q4 results miss forecasts, MGM China to pay special dividend


MGM Resorts International posted worse-than-expected Q4 results as Macau revenue fell, but said its MGM China unit will pay a special dividend. The

Macau sheds 1,000 VIP jobs since July


At least 1,000 staff of VIP gaming rooms have been laid off since July as a result of China’s anti-graft tactics that have sparked declines in high

Casino companies join push to diversify Macau


Macau’s six licensed casino operators appear to be to jumping on the bandwagon to help China diversify the gaming hub’s economy towards entertain

Macau Economic Association’s Chang says industry heyday over


The best years of Macau’s gambling industry are over as China’s policies affect profits and player levels and the likelihood of the government al

China cracking down on companies luring VIPs


Casinos relying on Chinese gamblers could be hit hard after China vowed to crack down on its citizens going abroad to place bets. Casinos around Asi

Adelson says VIPs will remain under the radar


Las Vegas Sands CEO Sheldon Adelson said high-rollers will keep a low profile until the Chinese government’s “witchhunt” is called off. Speaki

Wynn Resorts Q4 profit almost halves as Macau revenue tumbles


Wynn Resorts has fallen victim to Macau’s downturn with the company’s fourth-quarter profit plummeting as a result of its Macau operations underp

Smoking debate ignited as Health Bureau fine MCE over smoking ban breach


Macau’s Health Bureau (SSM) has fined local casino operator Melco Crown Entertainment for having a smoking zone in the mass gambling area of City o

China liaison officer says corrupt officials not behind Macau GGR slump


Li Gang, the director of China’s Government Liaison Office in Macau has downplayed the impact of the mainland’s drive to stamp out corruption on

GGR downturn credit negative for Macau government


The decline in gross gambling revenue in Macau is seen as a negative to the credit rating of the government as the gaming industry comprises nearly h

Alliance Group head says Philippines insulated from Macau slump


Andrew Tan, head of Alliance Global Group which jointly owns Travellers International Group with Genting Bhd, said the Philippine gaming industry is

Wells Fargo sees Macau Jan. GGR down 16-19 percent


Gross gambling revenue in Macau is likely to drop between 16 and 19 percent in January after the territory reported its first annual drop on record i

Macau VIP rooms closing amid corruption clampdown


Some 50 VIP rooms in Macau may close amid China’s clampdown on corruption, the Macau Daily reported, citing unnamed sources. The rooms have also c

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