Gaming

Government expects casinos to earn US$16.25 billion in 2021

The Macau government expects the local casino industry to generate 130 billion (US$16.25 billion) in gross gaming revenue next year,

31 Oct, 2020

MGM China net revenues fall 94% in Q3, expecting gradual recovery

Macao gaming operator MGM China announced Friday that its net revenues decreased by 94% year-on-year to US$47 million in the third quarter.

31 Oct, 2020

SJM, ‘severely impacted’ by COVID-19, says recovery has begun

Gaming operator SJM Holdings said on Thursday that while it has been “severely impacted” by the COVID-19 outbreak and Macao’s ongoing restrictions on entry from the mainland, Hong Kong and other places, as well as the curtailment of transportation channels and quarantine requirements, it has seen “the beginnings of recovery in visitation, hotel occupancy and visitor spending.”

30 Oct, 2020

Billionaire Adelson’s Las Vegas Sands mulls US$6 billion sale of US casinos to focus on Macao, Singapore markets

Sheldon Adelson’s Las Vegas Sands is exploring the sale of its casinos in Las Vegas in a move that would mark the mogul’s exit – for now – from the US gambling industry, according to South China Morning Post (SCMP).

28 Oct, 2020

Macao looks forward to welcoming tourists from Hong Kong when the city becomes ‘low risk’

Chief Executive Ho Iat Seng said on Thursday that Macao looks forward to welcoming tourists from Hong Kong once the neighbouring SAR is deemed a ‘low-risk’ city.

2 Oct, 2020

Macao casinos have best takings since March

Macao's 38 casinos last month recorded their best gross gaming revenue since March, reaching MOP 2.2 billion (US$277 million).

1 Oct, 2020

Tak Chun CEO buys 20.65% stake in Macau Legend Development Limited

A firm controlled by Levo Chan Weng Lin, CEO of junket operator Tak Chun Group, has bought a 20.65% stake in Macau Legend Development Limited for about US$173 billion (MOP 1.38 billion), several local media outlets including Rádio Macau, GGRAsia and IAG reported today.

16 Sep, 2020

Macau Legend Development halts trading 

Macau Legend Development Limited's stocks trading has been halted from 14 September onwards.

14 Sep, 2020

Gaming tax receipts fall 70% in Jan-Aug

The government’s receipts from gross gaming revenue taxes in the first eight months fell by 70.2% year-on-year to MOP 22.8 billion (US$2.87 billion), the Financial Services Bureau (DSF) announced last week.

14 Sep, 2020

Gaming tax receipts falls 70% in Jan-Aug 

Macao government's receipts from gross gaming revenue taxes in the first eight months fell by 70.2% year-on-year

10 Sep, 2020

JP Morgan analysts find August daily run-rate in casino win ‘disappointing’

JP Morgan Securities Asia Pacific analysts said in a note this week that Macao’s daily run-rate of roughly US$5.4 million (MOP 43.4 million) in casino win last month was the same as July’s, calling the figure “disappointing”.

3 Sep, 2020

Casino receipts drop 94.5% in August (Updated)

Macao's gross gaming revenue (GGR) fell 94.5 per cent year-on-year to MOP 1.33 billion (US$167 million) in August, the Gaming Inspection and Coordination Bureau (DICJ) announced today. 

1 Sep, 2020

Macao gaming revenues fall by 94.5% in August  

Gross gaming revenues fall 94.5% year-on-year in August to MOP 1.33 billion (US$166.6 million).

1 Sep, 2020

Angela Leong says postponing gaming concession bidding up to government

The possible decision to postpone the new round of bidding for gaming concessions is up to the government, SJM Managing Director and Chief Administrative Officer Angela Leong On Kei said on Sunday after a speaker at a seminar suggested a postponement.

31 Aug, 2020

Macao residents account for 53% of Macao hotel guests in July

Local residents accounted for 53 per cent of Macao hotels' guests last month.

29 Aug, 2020

Casino staff earnings down 5.5% in June

The average earnings (excluding bonuses) of the gaming sector's full-time employees amounted to MOP 23,200 (US$ 2,900) in June, a year-on-year decrease of 5.5%.

24 Aug, 2020

Melco revenues fall 88% in Q2

Melco Resorts & Entertainment Limited announced on Thursday that its total operating revenues for the second quarter fell about 88% to US$0.18 billion.

21 Aug, 2020

Wynn revenue falls 79.2% in H1

Wynn Macao has announced that is operating revenue decreased 79.2% to HK$3.97 billion in the first half of this year.

16 Aug, 2020

G2E Asia to be delayed to next May

Global Gaming Expo (G2E) Asia said in a statement on Thursday that it is rescheduling its events scheduled for this year in light of the ongoing COVID-19 pandemic.

14 Aug, 2020

Galaxy chairman praises government’s ‘admirable performance’ in fighting COVID-19

Galaxy Entertainment Group (GEG) Chairman Lui Che Woo said today that "the Macao government continues to perform admirably throughout the [COVID-19] pandemic".

13 Aug, 2020