Macau operators might face a hard time monetizing non-gaming ventures amid govt push for diversification, analysts warn

Macau gaming companies MGM China, Sands China, Wynn Macau, SJM Holdings, Galaxy Entertainment, and Melco Resorts began operating their new licenses on January 1, following the conclusion of 2022’s bidding process. But while the businesses are eager to start welcoming guests to their casino floors, their fate also hangs in meeting the government’s mandate of diversifyingContinue Reading

Macau Sees GGR Plunge by 50% in 2022

The numbers reflect the continued pressure that uncertain regulation and reemerging COVID-19 outbreaks applied on the industry, nobbling concessionaires’ ability to run their business as usual and drive meaningful results from gaming operations. Macau Clocks Its Worst Year Since 2004 Gross gaming revenue was posted at MOP$42.2 billion for theContinue Reading

Macau Cops Present Evidence of Illegal Suncity Betting

Posted on: November 9, 2022, 07:51h.  Last updated on: November 9, 2022, 07:51h. Former Suncity chairman Alvin Chau “used his entire corporation to run under-the-table bets,” an officer of Macau’s Judiciary Police (PJ for its Portuguese acronym) told Macau’s Court of First Instance Wednesday. Alvin Chau, above, was once theContinue Reading