Archive

_2020-11-13
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.

_2020-11-11
Ben Lee suggests that Macau might switch over its local economy, including its massive casinos, away from the Pataca or Hong Kong Dollar to the Digital Yuan. He sees this as an “elegant solution” for many of Macau’s economic challenges, and one...

_2020-09-19
Macau is likely to recover faster than Las Vegas from the impact of Covid-19, but the trajectory remains opaque, Fitch Ratings said.

_2020-08-23
Macau’s Gross Domestic Product (GDP) dropped by 67.8 percent year-on-year in the second quarter of 2020, according to the Statistics and Census Bure

_2020-08-18
China’s clampdown on online gaming to stop capital outflows is having a negative impact on liquidity in Macau’s VIP sector, Reuters reports.

_2020-08-12
The children of the late King of Gambling, Stanley Ho, are continuing to fight over his fortune, with his oldest daughter becoming the latest to register an interest in his estate.

_2016-12-18
The home department has reportedly redrafted some of Goa's casino laws similar to those in Macau, local media reports. The state home department has r

_2015-10-04
Macau casino stocks' 21 percent rally in July evaporated and reversed into a 40 percent plunge to new lows by September's end, according to Bloomberg

_2015-08-25
Visitor arrivals to Macau totalled 2.6 million in July, up by 17.8 percent month-on-month but down by 3.8 percent year-on-year. Visitors from Mainland

_2015-07-19
Gaming revenue from baccarat played by VIPs in Macau decreased 42.2 percent in 15Q2 to MOP31.57 billion year-on-year, according to official data. The

_2015-07-05
Sterne Agee said that June mass revenue was down 33.3 percent, its worst year-on-year decline in history, while VIP rolling chip volume was down 52.5

_2015-06-14
The Gaming Inspection and Coordination Bureau (DICJ) has urged internet users to be aware of illegal gambling sites that have been using the departmen

_2015-05-24
The Macau government has granted 150 new tables to Galaxy Macau phase 2, a number in line with what the industry expected after 200 plus tables seemed

_2015-04-28
Paradise Entertainment Ltd, a casino service and equipment provider, posted a 15.7 percent increase in revenue for 2014 but a sharp decrease in profit

_2015-04-14
MGM China CEO Grant Bowie says the gaming market will gradually stabilize despite 10 months of consecutive revenue declines, and that the public need

_2015-04-13
Morgan Stanley Research predicts Macau will see another sequential decline in EBITDA of 14 percent QoQ and 38 percent YoY in 15Q1 , with no signs of a

_2015-04-08
Deutsche Bank has revised down its revenue forecasts for the 2Q15 and the entire year, projecting gross gaming revenue will fall to 32.9 percent and 2

_2015-04-01
Iao Kun Group Holding, a junket room operator, reported it swung to a Q4 profit as revenue increased and expenses fell. The company posted a net profi

_2015-02-05
Macau received 31.5 million visitors last year, up 7.5 percent on the year before, according to the South China Morning Post citing official tourism