Wednesday, June 29, 2022


Goa redrafting casino rules along Macau lines


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

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China outbound tourism to double by 2020; CLSA


Outbound mainland tourist numbers will reach 200 million, double the numbers in 2013, and tourist spend will triple by 2020, according to a survey fro

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Macau valuations reach new low but hope for Q4 recovery: Bloomberg


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

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Visitor arrivals to Macau down 3.8 percent in July


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

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VIP baccarat down 42.2 percent in 15Q2


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

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June mass revenue down 33.3 percent, lowest since 2012


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

Gaming Inspection Bureau warns of illegal websites


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

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Galaxy delivers solid opening as competition likely to intensify: UBS


Galaxy Entertainment Group delivered a “solid opening” of the $2.7 billion Galaxy Macau phase 2 and Broadway Macau properties, said UBS, with Broa

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Galaxy allocation in line with expectations: UBS


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

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Paradise Entertainment revenue up but profit down in 2014


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

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Macau government sticks to 3 percent table growth rate


Macau’s Secretary for Economy and Finance Lionel Leong Vai Tac said the government will  stick to its decision to not allow the average annual grow

MGM China CEO optimistic about Macau


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

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More downsides expected in 15Q1: MSR


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

Deutsche Bank projects 2Q15 GGR will fall 32.9 percent


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

Iao Kun Group swings to profit in Q4, but issues weak 2015 VIP guidance


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

Macau casinos could see revenue fall as much as 42 percent


Macau’s casinos could see revenue plummet 35 to 42 percent this month compared to February last year, according to new analysis. In the first week

Macau visitor arrivals up 7.5 percent as gambling revenue falls


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

NagaCorp reports GGR up 17 percent


NagaCorp’s gross gaming revenue increased by 17 percent to $381.4 million last year, with VIP rollings rising by 35 percent to $6.2 billion, accord

Gambling crime in Macau double as revenue declines


The number of gambling-related crimes in Macau doubled in 2014 from the previous year as gross gambling revenue in the territory declined, according

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