Mass market baccarat ended 2016 with an increase in gross revenue while the mainstay of Macau casinos, VIP baccarat, saw a year on year decline, according to figures released by the region's Gaming Inspection and Coordination Bureau (DICJ).
18 Jan, 2017
Discussion over gaming tax rates in Macau has prompted the director of the Gaming Inspection and Coordination Bureau (DICJ) to announce the possibility of amending existing casino taxation laws. Such an amendment would occur before the casino license renewal period due in the next decade.
17 Jan, 2017
The New Macau Gaming Workers' Rights Union organised a protest march on Monday, urging the government to push the city’s six gaming operators to raise their workers’ wages by at least five per cent.
10 Jan, 2017
Davis Fong Ka Chio, who heads the Institute for the Study of Commercial Gaming at the University of Macau (UM), said on Tuesday he expected Macau’s gaming revenues to rise by up to 10 per cent this year.
4 Jan, 2017
Macau gambling revenue falls 3.3 per cent in 2016 for the 3rd year in a row.
3 Jan, 2017
A green light for casinos to operate in Japan is unlikely to have a significant impact on the gaming industry in Macau, Davis Fong Ka Chio, who heads the Institute for the Study of Commercial Gaming at the University of Macau (UM), said this week. Fong made the remarks in an interview on Wednesday in his office … Continue reading "Japan lifting casino ban won’t greatly impact Macau says scholar"
9 Dec, 2016
Macau’s gaming revenue posted a 8.8 per cent increase in revenues to US$ 2.73 billion ( 21.8 billion patacas), according to Macau’s Gaming Inspection and Coordination Bureau.
2 Dec, 2016
Melco Crown Entertainment said in a statement on Thursday that its operating income for the third quarter was US$108.9 million, up 22 per cent year-on-year. The company’s net revenue between July and September rose 22 per cent year-on-year to US$1.15 billion, according to the statement. The increase in net revenue was primarily attributable to the … Continue reading "Melco Crown income rises 22 per cent in Q3"
4 Nov, 2016
SJM Holdings’ gaming revenue fell 11.1 per cent year-on-year to HK$9.99 billion in the third quarter, the gaming company said in a statement on Tuesday. In the first nine months, gaming revenue dropped 17.8 per cent year-on-year to HK$30.87 billion. Adjusted Ebitda decreased 8.4 per cent to HK$810 million in the third quarter. In the first three … Continue reading "SJM revenue falls 11 per cent in 3rd quarter"
3 Nov, 2016
Macau posted an 8.8 per cent growth in gambling revenue in October, the third consecutive monthly rise, according to the Macau Gaming Inspection and Coordination Bureau (DICJ). Gaming revenue was MOP 21.8 billion (US$2.73 billion), government data showed on Tuesday. The growth reversed a 26-month fall of revenues of the 38 Macau casinos. In the first 9 months of … Continue reading "Macau’s gaming revenue grows 8 per cent in October"
1 Nov, 2016
Ian Coughlan was appointed as president of Wynn Macau, replacing Gamal Abdelaziz, who resigned, the Las Vegas-based company said Friday in a filing. Coughlan will be responsible for all operations and development at the Wynn Palace, as well as the Wynn Macau resort, the company said. The Palace opened on Aug. 22, and the part … Continue reading "Ian Coughlan appointed as president of Wynn Macau"
5 Oct, 2016
Macau casino gaming revenue grew for the second straight month in September according to statistics released on Saturday from Macau’s Gaming Inspection and Coordination Bureau (DICJ). The figures released by the DICJ showed gross gaming revenue hitting MOP 18.4 billion (US $2.3 billion) in September, up 7.4 per cent from the same month last year. That followed … Continue reading "Macau casino revenue grows for the second straight month"
3 Oct, 2016
A casino pit manager and three junket workers have been detained for using a pack of apparently tampered-with cards in a baccarat game and managed to cheat a VIP room out of HK$24 million in just 30 minutes of gambling. The Judiciary Police (PJ) held a special press conference on Monday during which PJ spokesman … Continue reading "Four Macau residents cheat VIP room out of HK$24 million with ‘tampered’ cards"
27 Sep, 2016
SJM Executive Director and Chief Administrative Officer Angela Leong On Kei said on Monday that about 30 gaming tables would be enough for the company’s Casino Jai Alai that is set to reopen by the end of the year. Leong made the comments while speaking to reporters on the sidelines of a business matching session … Continue reading "30 gaming tables ‘enough’ for Jai Alai Macau says Angela Leong"
20 Sep, 2016
U.S. casino mogul Sheldon Adelson will open his fifth resort in Macau today, as signs emerge of a turnaround in the territory’s fortunes after two years of falling revenues cast doubt on the wisdom of new developments. Sands China, a subsidiary of Adelson’s Las Vegas Sands, will open the doors of the US$2.7 billion (MOP21.6 … Continue reading "US$2.7 billion Parisian resort opens as Macau recovery beckons"
13 Sep, 2016
Local gaming operators have applied for 73 more smoking lounges in 21 casinos, the Health Bureau (SSM) says in a written reply to an interpellation about the matter by lawmaker-cum-unionist Ella Lei Cheng. The bureau’s response was made public on Wednesday. According to the bureau, the current number of casino smoking lounges stands at 86. … Continue reading "Macau casinos want 73 more smoking lounges"
8 Sep, 2016
The government has authorised The Parisian to install 150 gaming tables until over three phases until 2018, Secretary for Economy and Finance Lionel Leong Vai Tac said on Saturday. Leong, whose portfolio oversees the gaming industry, made the remarks on the sidelines of a public function, responding to reporters’ questions. According to Leong, Sands’ The … Continue reading "Macau government grants The Parisian 150 tables"
5 Sep, 2016
Macau’s gaming revenue registered a rise of 1.1 per cent year-on-year in August, reversing the 26-month slump of the industry. Macau’s gaming sector collected about 18.8 billion patacas (about US$ 2.4 billion) in August, up 1.1 per cent from the previous year, according to the data released by the special administrative region’s Gaming Inspection and … Continue reading "Macau’s gaming industry reverses slump in August"
2 Sep, 2016
Wynn Palace opened Monday night, drawing big crowds to Cotai to try their luck in the new casino, while Wynn Resorts Chairman & CEO Steve Wynn told a ballroom full of guests that the new US$4 billion resort that took six and a half years to build was a “gift” to the community. “It’s our … Continue reading "Macau’s Wynn Palace officially opened"
23 Aug, 2016
Macau’s vitally important gaming sector had 55,708 full-time employees at the end of the second quarter, down by 3.0 per cent year-on-year, the Statistics and Census Bureau (DSEC) announced on Monday. According to a DSEC statement, the number of dealers (croupiers) fell by 3.1 per cent to 24,285. Shift-working staff accounted for 92.7 per cent … Continue reading "Macau’s gaming sector jobs fall 3 per cent in Q2"
23 Aug, 2016