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

VIP baccarat generates 55 pct of 2018 casino receipts

VIP baccarat generated nearly 55 percent of Macau’s gross gaming revenue last year, the Gaming Inspection and Coordination Bureau (DICJ) has announced.

18 Jan, 2019

Macau gaming operators reduce plastic footprint, ditching straws

Gaming operators such as Sands China and MGM have pulled the last straw as part of their effort to reduce their plastic footprint.

4 Jan, 2019

Macau casinos rake in US $37.6 bln gaming revenue in 2018

Gambling revenue in Macau rose 14 percent in 2018, the second consecutive year of gain.

1 Jan, 2019

Lawmakers pass bill banning off-duty gaming staff from casinos

The Legislative Assembly (AL) Tuesday passed a government-initiated bill banning off-duty gaming staff from entering local casinos, with the aim of reducing the risk of gaming staff becoming addicted to gambling.

19 Dec, 2018

Leong Vai Tac reaffirms ban on hiring of non-local dealers

Secretary for Economy and Finance Leong Vai Tac Wednesday reaffirmed the government’s stance of banning the hiring of non-local casino dealers.

13 Dec, 2018

Macau gaming receipts rise to US$ 3.1 billion in November

Gross gaming revenue in Macau casinos rose 8.5 percent in November to 25 billion patacas (US$ 3.1 billion) from a year earlier, according to data released Saturday by the Gaming Inspection and Coordination Bureau (DICJ).

2 Dec, 2018

Granting of gaming concessions by open tender: Leong

Secretary for Economy and FinanceLeong Vai Tac reaffirmed in the legislature’s hemicycle Monday that the government plans to launch an open tender process for the granting of future gaming concessions, in the run-up to the expiration of the city’s three gaming concessions and three sub-concessions.

27 Nov, 2018