Bianca O. March 10, 2016 16:54:24
As more funny business takes place in Macau with junket operators committing fraud, many investors are withdrawing funds and Macau VIP gaming rooms close in alarming numbers. In what appears to be a grossly weak regulation system for junket operations in Macau, fraud is hitting an all time high, creating a frenzy of panic with […]
Daniel January 21, 2016 18:31:06
In 2015, VIP gambling in Macau dropped by 39.9% according to the Macau Gaming Inspection. The VIP casino gambling in Macau was the main contributor to Macau gaming revenues with 80% percent at its peak. However, after the VIP gambling in Macau dropped by almost 40% percent in 2015, this figure fell back to MOP127.82 […]
Nich Moore October 22, 2015 13:30:57
There are numerous irritating facets of our modern world, however beyond the dystopian nightmares with which we so blithely live, there is nothing on earth more irritating than a whining billionaire. Money might not be able to buy you happiness, but it should at least buy the rest of us who don’t have billions in […]
Serena October 15, 2015 16:34:50
Despite China’s intensifying corruption crackdown on Asia’s gambling capital of the world, not all hope is lost for the Macau gambling industry – especially for online players. In 1999, Macau returned to Beijing’s control after 442 years of Portugese rules. Its status as a Special Administrative Region allows it to remain as the only place […]
Toni May 28, 2015 09:00:07
In efforts to appeal to the market demands in Macau, Galaxy casino group has announced plans to introduce new exciting facilities in the near future. Macau is the world’s largest gambling hub where millions of people go to every year to realize their gaming potential. The offers available to regular gambling enthusiasts are incredible. Anything […]
Phyllis F. May 13, 2015 08:48:42
Genting Singapore PLC has 52.6% in gaming stocks with a value of USD$8.8 billion on the Signapore Stcock Exchange. Brean Capital’s reputation is being marred by its bad bets on Macau stocks. Brean had invested $174 in Wynn, but didn’t come out a winner, as stocks fell to $132 and then to $114. Later, it […]
Phyllis F. May 13, 2015 08:48:42
Genting Singapore PLC has 52.6% in gaming stocks with a value of USD$8.8 billion on the Signapore Stcock Exchange. Brean Capital’s reputation is being marred by its bad bets on Macau stocks. Brean had invested $174 in Wynn, but didn’t come out a winner, as stocks fell to $132 and then to $114. Later, it […]
Monica E. August 6, 2014 09:05:55
Recent measures to combat corruption backfire, as Macau revenues drop without mainland gamblers. It’s been a month since the new restrictions on UnionPay machines in jewelry shops came into effect in Macau. Authorities are keeping their eyes out for signs money laundering in casinos. The world’s largest gambling hub is under tight scrutiny. Macau officials […]
Monica E. July 31, 2014 22:08:59
The reports for the second quarter of this financial year are not very optimistic for the world’s largest gambling destination. When Macau reported June’s year-on-year gaming revenue decline, investors said there was nothing to worry about. In fact, they said this was the bottom and predicted that the industry would make a fast recovery. But […]
Monica E. July 3, 2014 11:35:46
Macau’s winning streak is over, as revenues decline for the first time in more than four years. Located in the perfect spot to attract gambling-thirsty Asian players and offering all the luxury you can ask for, it only took Macau a few years to surpass Las Vegas and become the world’s most popular gambling destination. […]
Toni June 9, 2014 12:54:35
Despite an overall increase in revenue in Macau casinos last month, shares still decreased at the Hong Kong stock exchange. Macau casinos show bad result at the stock exchange, following inconsistency with analysts’ predictions with the revenue growth. Aaron Fischer, head of consumer research at CLSA Ltd. expressed his disappointment with the recent results at […]
Toni May 31, 2014 03:32:23
Mass market seems to be on the rise in the special region of Macau, considering the recent shift from VIP gaming to mass market. The current trend highlights that mass market gambling is far more popular than VIP play, as it accounts for nearly 40% of the total gambling revenue. Gambling news indicate that one […]
Macau is now the world leader in casino revenue but the industry’s employees are becoming increasingly dissatisfied with their jobs. Grumblings from dissatisfied Macau casino workers have been loud over the past year, and they just got louder. A survey commissioned by the Macau Health Bureau found that 55 percent of staff members responded “no” […]
Toni May 14, 2014 14:54:56
Mass market gamblers overtake junket operators in Macau, as they prefer to handle their own funds and casino preferences. Macau usually relied on high rollers to gamble in their casinos by way of “junket operators.” These middle men would usually organize trips and facilitate casino games for a certain commission from the casinos in questions. […]
Toni May 13, 2014 20:11:27
Golden Week marks a three day holiday for Chinese to relax, only this year they prefer Macau over Hong Kong. The Golden Week is normally celebrated as holiday period in China that lasts from May 1 to May 3. Mainland Chinese usually travel to Hong Kong to let loose and relax, however gambling news from […]
Tom S. May 12, 2014 15:20:02
2014 may not turn out to be the best year for Macau’s casino operators as they look to capitalise on a strong 2013. While growth in the industry itself remains strong, the share prices of a Macau’s major players all took a nosedive as the Chinese and Macanese authorities clamped down on potential money laundering. […]
Toni May 6, 2014 12:15:07
Gambling experts disagree with notions that Macau is set to reach the pinnacle of casino market, as they see room for improvement. There have been a great deal of casino investment projects in recent times, however some have expressed concern whether saturation point is upon Macau. Some prominent gambling personnel indicated opposing beliefs about Macau’s […]
Hong Kong junkets and Macau casinos are growing increasingly nervous as the Chinese authorities attempt to crack down on official corruption and money laundering. Rumors have been confirmed that Ng Chor Har, wife of Neptune Group owner Cheong Chi-tal, was arrested and released on bail in March. Neptune is Macau’s top junket operator, and Chor […]
Macau casinos are raking in skyrocketing revenues. At the same time, croupiers face abuse and are more unhappy than ever. Will the industry take steps to better care for its employees? Since deregulating in 2006 the casino industry in Macau has exploded. In 2013 the city’s casinos pulled in a collective $45 billion in revenue, […]
Casinos are facing a shortage as fewer locals are willing to work in this thankless profession. Macau’s casino industry has made gambling news by becoming the world’s foremost gambling hub, taking in $45 billion in revenue in 2013. Massive developments like the Wynn Macau and Sands Macau have popped up in recent years, employing thousands […]
Monica E. February 20, 2014 14:11:32
Profit growth for Macau’s casino resorts has slowed down significantly, causing stocks to plummet. With Macau’s casino gambling industry and property developers showing signs of a slowdown, Hong Kong stocks saw a significant drop at the beginning of this month. In fact, they reached their lowest level since last July. Plunging more than 7%, Galaxy […]
Alex Nevsky January 22, 2014 12:34:46
Figures listed by Macau’s Gaming Inspection and Coordination Bureau (DICJ) show revenue growth in mass market casino gaming, VIP market and ETGs. The former Portuguese colony and the Chinese Special Independent Region of Macau might be one of China’s only jurisdictions that permits gambling, but it certainly gives back to the local economy via Macau […]
Tom S. January 16, 2014 16:46:07
Macau Legend announces plan to create “independent third party” under its own umbrella to get around city’s gaming regulations. The Macau-based casino firm Macau Legend Development recently told the Hong Kong Stock Exchange that it plans to “diversify its business and indirectly participate in the gaming promotion business.” The company currently operates two casinos under […]
Tom S. January 13, 2014 12:23:50
Recently christened “gambling capital of the world” expected to be subjected to growth-slowing regulations in coming years. Macau is now the world’s foremost leader in casino earnings, blowing Las Vegas out of the water with $45 billion in revenue last year. Growth has exploded since the Macau gambling laws were revised a decade ago, allowing […]
Tom S. January 3, 2014 15:00:41
Analysts estimate Macau’s take to be seven times bigger than Las Vegas Strip profits. In its brief history, Macau has become one of the top casino destinations in the world. Ever since Macau gambling laws were changed to end the state monopoly and open up the market to foreigners, casinos in the area have been […]
Nick M. October 23, 2011 06:07:21
Traditional and illegal online gambling is thriving in Macau despite Chinese low levels of liquidity among entrepreneurs in China.
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