Washington: Maverick Gaming sells Macau Casino in Lakewood for $22M

Chicago-based real estate investment firm Oak Street Real Estate Capital has acquired the Macau Casino in Lakewood, Washington state, for $22.1 million, according to a sales affidavit posted with Pierce County…

Macau Casinos Continue Cutting Jobs, as Business Climate Remains Ugly

Posted on: September 12, 2022, 12:18h.  Last updated on: September 12, 2022, 12:49h. Macau casinos have done their best to soften the financial impact of COVID-19 on their workforces. But…

Morgan Stanley Weighs in on How New Macau Limits Impact Business

This year has been very important for the gambling industry in Macau. It’s been two years since the country basically closed its borders to outsiders, and lockdowns during the height…

Macau sees gaming revenue down by 50% in August, but shows early signs of recovery after worst-ever Covid outbreak

Macau’s gaming industry saw GGR drop by 50.7% year-on-year to MOP 2.19 billion ($271 million) in August, according to the latest data shared by the Gaming Inspection and Coordination Bureau…

Macau Casinos Limited to 6,000 Table Games, 12,000 Slot Machines

Posted on: August 28, 2022, 09:55h.  Last updated on: August 28, 2022, 09:57h. Macau casinos, for the first time ever, will soon face a cap on the number of table…

Macau Unveils New Minimum Casino Revenue Threshold 

Macau’s government has announced the new threshold for minimum revenue casino operators in the region must reach in 2023. The threshold is set to MOP$45.6 billion ($564 million) and it…

Macau Residents Fall Victim to Southeast Asia Casino Job Scams

The Chinese Judiciary Police has received reports of five cases of Macau residents being tricked into working illegal jobs involving fraudulent activities or human trafficking in various countries in Southeast…

Melco Resorts Committed to Macau, as Earnings Continue to Sour

Posted on: August 19, 2022, 09:45h.  Last updated on: August 19, 2022, 09:45h. Melco Resorts reported a second-quarter net loss of $251.5 million — up 35% from the same three…

Macau Casinos Win Just $49 Million From Gamblers In July

Macau casinos collectively just had their worst month ever on the books. According to figures from the local government in the special administrative region of China, Macau casino win was…

Melco Resorts May Move Headquarters To Macau To Keep US Listing

Posted on: August 2, 2022, 02:34h.  Last updated on: August 2, 2022, 02:34h. Melco Resorts & Entertainment (NASDAQ:MLCO) is evaluating moving its headquarters to Macau from Hong Kong in an…