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Macau

Macau 3Q VIP baccarat down 23pct y-o-y: govt

Oct 17, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau VIP baccarat gross gaming revenue (GGR) fell by 22.5 percent year-on-year in the third quarter, according to government data released on Wednesday. The rate of VIP annual decline was offset...

Hong Kong-listed CST Group to buy 10pct in The 13 Hotel

Oct 16, 2019 Newsdesk Latest News, Macau, Top of the deck

A Hong Kong-listed “e-logistics” and mining company called CST Group Ltd said on Tuesday it had an agreement to acquire a 10-percent equity interest in – and a shareholder’s loan...

Nevada seeks end to S. Wynn gaming permit over sex claims

Oct 16, 2019 Newsdesk Latest News, Macau, Top of the deck

The Nevada Gaming Control Board in the United States is seeking to revoke the “suitability” status and gaming licence of former Wynn Resorts Ltd chairman Steve Wynn (pictured in a file photo). Mr...

Macau Oct GGR to decline by as much as 6pct: Bernstein

Oct 15, 2019 Newsdesk Latest News, Macau, Top of the deck

Casino gross gaming revenue (GGR) in Macau for October is likely to be down between 3 and 6 percent judged year-on-year. That is according to Sanford C. Bernstein Ltd. A Tuesday note published by the...

South Shore eyes sale of 40pct in Macau’s The 13

Oct 15, 2019 Newsdesk Latest News, Macau, Top of the deck

Hong Kong-listed South Shore Holdings Ltd, the developer and promoter of The 13 Hotel (pictured) in Macau, said on Tuesday that the company has an agreement that could lead to the disposal of a...

Macau could see 40 mln tourist arrivals in 2019: govt

Oct 14, 2019 Newsdesk Latest News, Macau, Top of the deck

The tally of tourist arrivals to Macau this year will probably be “close to” 40 million, said the head of the Macao Government Tourism Office (MGTO), Maria Helena de Senna Fernandes, in comments...

Macau GGR likely to shrink y-o-y every month of 4Q: MS

Oct 14, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau casino gross gaming revenue (GGR) is likely to shrink in every month of the fourth quarter, when judged year-on-year, says banking group Morgan Stanley. “We expect fourth-quarter 2019 revenue...

New Macau CE has tough work on gaming laws, public policy

Oct 11, 2019 Newsdesk Features, Latest News, Macau

Macau’s six casino business licensees have a good chance of having their local gaming rights refreshed beyond their upcoming expiry dates in 2022, several local gaming lawyers and scholars...

Macau casino smoking lounges hit 600-mark

Oct 11, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau’s Health Bureau says it gave permission during September for 23 new-style smoking lounges in Macau’s gaming venues, according to an update published on Wednesday. As of September 30, there...

Macau govt gets US$49mln in taxes from junkets in 2018

Oct 10, 2019 Newsdesk Latest News, Macau, Top of the deck

The Macau government collected in 2018 nearly MOP394.2 million (US$48.8 million) in taxes on commissions paid by casinos to junkets, according to the government’s budget execution report. That...