Gaming

Casinos & junkets produce 50.5% of GDP in 2018

Macau gaming and junket businesses produced 50.5% of Macau gross domestic product (GDP) at producers’ prices, based on the production approach calculation.

21 Nov, 2019

Daisy Ho says gaming revenue might drop this month

There might be a year-on-year drop in gaming revenue this month due the fact that there aren’t any public holidays and the fact that the external situation is unclear.

12 Nov, 2019

Gross gaming revenue plunges 3.2% despite recording strongest month

Macau’s gross gaming revenue recorded a 3.2% year-on-year decrease in October to MOP26.43 billion, recording its highest level in 12 months.

4 Nov, 2019

MGM China’s Q3 revenue rises 22%

MGM China said in a statement to the Hong Kong Stock Exchange that its total revenue grew by 22% year-on-year to HK$5.8 billion.

1 Nov, 2019

SJM profit rises 9.6% in Jan-Sept

SJM Holdings announced its net profit rose 9.6% year-on-year to HK$2.4 billion in the first nine months.

30 Oct, 2019

Residents’ gambling participation rate ‘continuously declining’: study

Percentage of local residents who are gambling and are affected by a gambling disorder has been “continuously declining” this year.

21 Oct, 2019

Gaming revenue last month touches lowest level in a year

Macau’s gross gaming revenue last month touched the lowest level in a year as casinos continued to be slammed by economic and geopolitical troubles.

2 Oct, 2019

‘Very unlikely’ that US gaming operators will leave Macau over trade spat: scholar

If they do leave due to the China-US trade war worsening further, local or mainland Chinese-funded companies could take over the respective hotel-casino resorts to run the gaming businesses.

23 Sep, 2019

MGM chief expects better gaming business next year

Gaming revenue in the second half of this year was affected by negative growth.

11 Sep, 2019

Grand Lisboa Palace to open in H2 of next year: So

Construction of Grand Lisboa Palace in Cotai would be completed by early next month.

29 Aug, 2019

15% of Macau’s employees work for gaming sector: survey

Nearly 15%of Macau’s employees worked for the gaming sector in the second quarter of the year.

23 Aug, 2019

Analysts on Macau’s future gaming landscape

As the 2022 concession expiry date looms closer, analysts start to weigh in on the possible scenarios.

15 Aug, 2019

Macau casino revenues fall 3.5% in July

Gross gaming revenue (GGR) in Macau casinos dropped 3.5 percent in July from a year earlier, according to data released today by the Gaming Inspection and Coordination Bureau (DICJ) .

1 Aug, 2019

SJM ‘strives’ to finish Grand Lisboa Palace construction by year-end

Complete construction of Grand Lisboa Palace integrated resort in Cotai scheduled by the end of this year.

31 Jul, 2019

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