Government vows to continue crackdown on online gambling

The government has been cracking down on illegal online gambling and will continue to do so, resulting in over 300 websites being shut down between 2016 and last year.

17 Jul, 2019

Suncity chairman will not take legal action against the media

Local junket operator Suncity Group Chairman Alvin Chau Cheok Wa said on Saturday that no legal action would be taken against any media.

15 Jul, 2019

Wynn Resorts unveils plans for US$2 billion art museum in Macau

Wynn Resorts Ltd. unveiled plans for a US$2 billion expansion of its properties in Macau, including a theatre and museum in the world’s largest gambling market.

11 Jul, 2019

DICJ warns operators not to run online, phone gambling

Mainland-based Economic Information Daily reported that local junket operator Suncity “has raked in billions of [US] dollars in online gaming and proxy betting, causing great harm to [mainland] China social economic order.”

11 Jul, 2019

Suncity denies running online gaming business

Macau’s top junket operator Suncity said in a paid advertisement published in the Chinese-language Macao Daily News Tuesday that it didn’t operate any online gaming business and that all its operations were permitted under local government regulations.

10 Jul, 2019

Gross gaming revenue up 5.9 percentual in June

Gross gaming revenue (GGR) was  MOP 23,812 billion patacas (US$ 2.96 billion)  in June, up 5.9 percent from a year earlier, according to data released today by the Gaming Inspection and Coordination Bureau (DICJ) .

1 Jul, 2019

Crown stake helpful for Japan casino bid: Lawrence Ho

Melco Resorts & Entertainment Limited Chairman and CEO Lawrence Ho said that the recent acquisition of Crown Resorts Limited shares would help his company enter the Japanese gaming market.

5 Jun, 2019

Macau casino receipts grow again

Gaming revenue returned to year-on-year growth last month, yet analysts cautioned that the modest gain is a sign that the world’s largest gaming hub still faces headwinds from regional competition and trade-war uncertainties.

3 Jun, 2019

Sino-US trade war set to impact casino receipts to some extent: Ambrose So

SJM Holdings Executive Director-cum-CEO Ambrose So Shu Fai said on Thursday that the China-US trade war was set to impact Macau’s gaming revenues to some extent if it continues.

24 May, 2019

MGM vows to keep working hard amidst Sino-US trade spat

Executive Director Grant Bowie said yesterday that the company would keep working hard, do the best that it can and focus on the local community during the current China-US trade war.

15 May, 2019

Casino receipts drop 0.4 pct last month

Casinos’ gross revenue from games of chance fell by 0.4 percent year-on-year to 25.84 billion patacas (US$ 3.23 billion) last month, the Gaming Inspection and Coordination Bureau (DICJ) announced Monday.

2 Apr, 2019

Govt extends SJM & MGM deals to June 2022

The Macau government has extended the gaming concession and sub-concession of SJM and MGM respectively by two years and three months until June 26, 2022, bringing them on par with the city’s two other gaming concessions and two sub-concessions.

18 Mar, 2019

Police bust HK$2.5 million chip fraud gang

The Judiciary Police (PJ) have busted a criminal gang allegedly involved in at least 20 fraud cases worth more than HK$2.5 million at a casino in Zape that had been operating since January, PJ spokesman Ho Chan Nam said at a special press conference on Friday.

18 Mar, 2019

Macau government casino concessions for SJM and MGM extended to June 2022

Macau’s government has extended gaming concessions for two casino operators to align expiry dates with the four other concessionaires.

15 Mar, 2019

Gaming sector employs over 57,000

A total of 57,246 people were employed full-time by Macau’s gaming sector at the end of last year, a year-on-year- growth of 1.1 percent.

8 Mar, 2019

Macau casino’s gross revenue rose 4.4% in February, after having slipped 5.0% in January

Gambling gross revenue in Macau rose 4.4 percent in February, to MOP 25.37 billion (US$ 3.14 billion), compared with same period last year, according to Macau’s Gaming Inspection and Coordination today.

1 Mar, 2019

Galaxy’s 2018 profit rises 29 pct to HK$13.5 billion

Galaxy Entertainment Group’s (GEG) net profit rose by 29 percent year-on-year to HK$13.5 billion last year, the Hong Kong-listed gaming company announced Thursday. 

1 Mar, 2019

SJM 2018 profit rises 45 pct to HK$2.8 billion

Hong Kong-listed SJM Holdings’ net profit rose by 45.2 percent year-on-year to HK$2.85 billion patacas last year, the gaming company said Thursday.

1 Mar, 2019

Macau’s casino revenue drops 5 percent in January

Gambling revenue in Macau fell 5 percent in January, the first drop in more than two years, Macau’s Gaming Inspection and Coordination said on Friday.

4 Feb, 2019

Pansy Ho ‘tightens grip’ over SJM

Pansy Ho Chiu King, co-chair of gaming operator MGM China, has struck a strategic alliance that boosts her control of rival casino concessionaire SJM Holdings, global newswire Reuters reported Thursday.

25 Jan, 2019