Gaming

EIU forecasts average growth of 7.8% for Macau in 2017/2018

Macau's economy is expected to grow at an average real rate of 7.8% this year and 2018, boosted by the recovery in services exports, particularly those related to gambling, according to the latest Economist Intelligence Unit (EIU) report.  

22 Jun, 2017

Enhanced casino security ‘urgent’: gaming regulator

Gaming Inspection and Coordination Bureau (DICJ) Director Paulo Martins Chan said Thursday that enhancing security in the 39 city’s casinos was “an urgent matter”, even though there was a low risk of the city being attacked.

16 Jun, 2017

Crown Resorts China

Crown employees charged with promotion of gambling in China

Crown Resorts Ltd. said its staff held in China have been charged with gambling-related offenses, the most significant development in the case since the employees were rounded up by mainland authorities in October.

14 Jun, 2017

May gaming revenue in Macau

Gaming revenue increases 23.7 percent to MOP 22.74 billion in May

Macau’s gross gaming revenue in May rose 23.7 percent year-on-year to MOP 22.74 billion, posting a 10-month winning streak and beating analysts’ forecasts.

2 Jun, 2017

Legislative Assembly Election Law

Government urges gaming operators to remain election-neutral

Officials held a meeting with representatives of the city’s gaming operators and junket promoters briefing them on the Legislative Assembly Election Law which requires them to remain politically neutral in the upcoming legislative elections.

1 Jun, 2017

Macau's gaming concessions

Gaming concessions must rebid said Lionel Leong

Secretary for Economy and Finance Lionel Leong Vai Tac said late last week that the government would not simply renew the city’s current gaming concessions and sub-concessions when they expire, but that it would instead launch a new bidding process.

22 May, 2017

Macau loan sharks

Police arrest 11 loan sharks from the mainland

The Judiciary Police arrested 11 men and women from the mainland on Tuesday for alleged membership of a loan-sharking gang which for six months had offered casino patrons gambling loans.

18 May, 2017

SJM gaming revenue

SJM says gaming revenue may see double-digit growth

SJM Chief Executive Officer Ambrose So Shu Fai said on Monday that as Macau’s gaming revenue has been up for nine straight months, and if the momentum continues, there could even be double-digit growth in this year’s gaming revenue.

9 May, 2017

Macau's gaming results first quarter 2017

Galaxy and Melco revenue rises, SJM dips on the first quarter

Casino operator Galaxy Entertainment Group (GEG) said on Thursday that its total revenue in the first quarter rose 5 percent year on year to HK$14.1 billion.

5 May, 2017

Gross revenue of Macau’s casinos totals US$ 2.52 billion in April

Gross revenue from Macau’s casinos grew 16.3 percent year on year in April to 20.162 billion patacas (US$2.52 billion), according to data released by the Macau Gaming Inspection and Coordination Bureau.

2 May, 2017

Sands China Macau net revenues

Sands China Ltd. net revenue increases by 15.3 percent in 2017 1Q

Sands China Ltd.'s (SCL) total net revenues increased 15.3 percent to US$ 1.88 billion in the first quarter of 2017, compared to US$ 1.63 billion in the first quarter of 2016.

27 Apr, 2017

Rui Cunha SJM

SJM says Rui Cunha to exit board

Hong Kong-listed Gaming Operator SJM Holdings has announced that Rui Cunha, one of the longest-serving advisors to casino mogul Stanley Ho Hung Sun, will not seek re-election at its upcoming annual general meeting as one of the company’s executive directors.

26 Apr, 2017

Macau gaming revenue expected to grow 12% in 2017

Fitch Ratings projects 12% gaming revenue growth in Macau for 2017 with equal contributions from the mass market and VIP segments.

20 Apr, 2017

Macau Wechat gambling

Police arrest Chinese group involved in illegal WeChat betting scheme

The Judiciary Police arrested seven mainlanders for their alleged involvement in an illegal WeChat gambling operation last week.

18 Apr, 2017

SJM

SJM signs HKD 25 billion loan facilities agreement

Sociedade de Jogos de Macau (SJM) announced the signing on Thursday of a HKD 25 billion syndicated loan facilities agreement with 19 leading financial instructions.

7 Apr, 2017

The 13 Macau

No gaming tables request from The 13

Gaming Inspection and Coordination Bureau (DICJ) Director Paulo Martins Chan said on Thursday that his bureau has not received an application for gaming tables from The 13.

7 Apr, 2017

Macau gross gaming revenue in March

Gaming revenue grows 18.1 percent in March

Macau's gross gaming revenue in March grew 18.1 percent to MOP 21.2 billion (US$2.7 billion), according to the latest figures from the Gaming Inspection and Coordination Bureau.

3 Apr, 2017

non-gaming income in macau

Non-gaming income set to rise in Macau

Representatives of Macau’s six gaming operators said on Wednesday they believed the share of income from their non-gaming businesses in their total revenue will continue to rise.

23 Mar, 2017

gaming employees

Full-time employees in gaming industry down 0.8 percent

The gaming industry’s number of full-time employees dipped by 0.8 percent year on year to 55,794 at the end of last year. The number of dealers (croupiers) dropped by 2.4 percent to 24,039, the Statistics and Census Bureau (DSEC) said in a statement on Tuesday. Gaming industry staff accounted for about 14 percent of the … Continue reading "Full-time employees in gaming industry down 0.8 percent"

8 Mar, 2017

Macau gaming revenue

Macau’s February gaming revenue up almost 18 percent

Gaming revenue in Macau surged 17.8 percent in February, after a three year drop, according to Macau's Gaming Inspection and Coordination Bureau.

2 Mar, 2017