27 articles
Reading Time: 1 minute Gross gambling revenue (GGR) in Macau increased by 8.5 per cent, exceeding the analysts’ predictions. Macau’s Gaming Inspection and Coordination Bureau (DICJ) released figures for the month of November revenue. It says that overall revenue was MOP25 billion ($3.1 billion) while average daily revenue was MOP833 million. The boost in revenue […]
Reading Time: 1 minute The police in Macau has sought the help of web hosting companies to track down and close illegal gambling websites. The police so far has instruct ted the web hosting companies to close down 237 suspicious websites. Wong Sio Chak, Secretary for Security, said 130 of the websites have already been […]
Reading Time: 1 minute The casino industry in the Chinese territory of Macau is bracing for a proposed ban of casino employees entering the casinos outside work hours. The bill is estimated to affect the movement of 54,000 staff members, including 46,000 workers and 8,000 junket operator employees. According to gaming expert Ricardo Chi Sen […]
Reading Time: 1 minute BBIN, a top-notch igaming software supplier in Asia, has announced its sponsorship of Theodore Racing at the 65th Macau Grand Prix. Theodore Racing is the winner of Formula 3 European Championship. Macau’s city streets will be closed for the smooth conduct of the grand prix on November 15–18. Some of the […]
Reading Time: 1 minute Sands Corp, the Las Vegas-based casino group is going to invest more $2bn in its Macau operation. The company is gearing up for its license renewal in the Chinese controlled territory. Company executives offered details of the investments in their third-quarter earnings call on Wednesday. The majority of the investment would […]
Caesars Entertainment, the US-based casino giant recovering from bankruptcy woes, has started steps to start its casino operation in Macao, the Chinese gambling haven. The company has registered its Flamingo and Cromwell properties for trademark protection in the region. The company is now targeting international markets. In 2002, when Macau issued its first gaming […]
The Statistics and Census Service of Macau has released new figures, stating that there is an 18.7 per cent increase in the number of persons visiting the Chinese territory. According to the agency’s latest report, 3.40 million people visited the region in August Among the visitors, 25.3 per cent, about 2.53 million were from […]
Typhoon Mangkhut has devastated the Philippines and China, including Macau, perhaps the world’s largest gambling hub. Gambling activities have come to a halt in the region, where people are thinking about only one thing: saving their own life. The employees in gambling industry said the closure of gambling happened for the first time since gambling […]
Caesars Entertainment Corporation, the premier US-based casino operator, has filed an application before the authorities in Macau for trademark protection. It is interesting to note that the company does not have any direct gambling activities in Macau. The company applied for trademark protection through its Macau subsidiaries: Flamingo Las Vegas Operating Company LLC and Corner […]
A career in casino hospitality is a popular choice for many people. With the popularity of gambling in many countries and new casino resorts being built every year, individuals are being hired to fill staff vacancies. Although more casinos are opening around the world, casino jobs can be quite regional. Therefore, it isn’t out of […]
Gambling revenue continues to soar in the Chinese territory of Macau, as it increased by 17% in August. The increase was mainly because of the active gaming by Chinese gamblers, who flocked in the country’s only legal casino hub. This is the 25th consecutive month that gambling revenues increase in Macau. Figures from Macau’s Gaming […]
The slowdown of China’s economic growth could affect Macau’s gross gaming revenue in the immediate future, says the global research team at brokerage Sanford C. Bernstein and Co LLC. The firm has released a report that predicts Macau gross gaming revenue (GGR) will be hampered, especially in the second half of 2018, by the slowing […]
Staff members of Melco, Casino, have decided to conduct a public protest over salary and working conditions. They want the company to increase their wages and provide bonuses. The number of staffers in protest is still unclear. But the New Macau Gaming Staff Rights Association (NMGSRA) has claimed that there were 3000 people. The employees […]
Dragon Incorporation Limited, a fintech company focusing on block chain technology, had announced plans to construct a floating casino in Macau, in association with a Norwegian company Brova Idea AS. The project was expected to expand the innovative industry of the city. However, the project failed. Dragon is no accusing the Brova Idea AS for […]
Macau’s Legislative Assembly has approved a draft bill banning local casino workers from entering Macau casinos outside of working hours. The bill, which will now head to committee for further deliberations and refining of policy details, is aimed at curbing problem gambling among casino employees. It was revealed by the Deputy Director of Macau’s Social Affairs […]
Macau’s gambling revenues have fallen below estimates for the second month in a row, sending the stocks of major casino operators like Wynn Resorts Ltd. and Las Vegas Sands Corp. into a tailspin. Casino gross gaming revenue increased by 12.5 per cent, but it was still short of the projected rise of 18 per cent. […]
According to Bloomberg, gross gambling revenue is set to rise 14 percent in 2018 and is likely to break records in 2019. Gambling in Macau keeps growing and is not expected to stop in the near future. On the contrary, according to Bloomberg, gross gambling revenue is expected to achieve record breaking figures in […]
A local scholar said that eSports could help non-gaming offering of Macau’s casino resorts. Local scholar and legislator Davis Fong Ka Chio, said that competitive video games such as eSports could be a great addition to the non-gaming offering in Macau resorts. Fong proposed that eSports could make the local gambling facilities more competitive […]
Gaming gross revenue surpassed the expectations in November and achieved a 22.6 percent year-on-year increase. According to information released by the Gaming Inspection and Coordination Bureau of Macau (DICJ), gaming gross revenue (GGR) surpassed analysts’ expectations and reached US$2.8 billion during November operations, which represents a 22.6 percent increase. Expectations for the casino sector […]
According to financial firm Bernstein, mass is set to be pushed in Macau over the next five years and Melco and Wynn are set to benefit. Professional tax and accounting firm Bernstein Financial Services Inc released a note on Tuesday projecting a mass improvement in Macau thanks to new properties success, transportation infrastructure improvements […]