Vera T. August 5, 2015 12:04:01
A huge slump in Macau income has been reported lately. Predictions for the gambling Mecca’s future aren’t optimistic. According to Bloomberg Business, ever since last year’s June, the revenue of the world’s largest, most exotic gambling hub has been subpar. Not long ago, Macau’s Gaming Inspection and Coordination Bureau released the report holding the worrying […]
Phyllis F. January 19, 2015 10:44:40
Junkets first became popular in Macau thanks to a now obsolete law prohibiting casinos from lending money. Macau’s gambling industry continues its steady stream of decline with Macau’s fourth quarter VIP revenue down 29% and mass market revenue down 16%. And who or what is responsible for this slide? Speculations are that on the one […]
Phyllis F. January 5, 2015 07:36:17
Losing streak among Macanese gambling moguls cause muddled speculations for 2015. Analysts are wondering what will become of the Macau Gambling industry in 2015 given the losing streak they’d had in 2014. Some feel there may be a 9% fall this year. Optimists foresee a 10 percent rise in revenues. In 2014, gambling revenues declined […]
Chinese tourists are shying away from politically explosive Hong Kong, while Macau casinos welcome them with open arms. For the past two week protesters have poured into the streets of Hong Kong demanding the right to free and transparent elections. China and Hong Kong are held together by a “one country, two systems” concept in […]
Japan has always effectively balanced acceptance of modern realities with staying true to its national culture. It can do the same while allowing casinos to operate in the country. The Asian island nation of Japan is one of the world’s oldest and most proud civilizations. Once an isolated kingdom of peasants, then a mighty empire, […]
Monica E. September 12, 2014 09:08:03
While casino employees continue to protest, Fernando Chui Sai-on was chosen for a second term as head of Macau’s government. Winning Macau’s top post was certainly no challenge for Fernando Chui Sai-on, who had no opponent. Some locals are suggesting it was a fixed political match, where the entire process was controlled by Beijing to […]
Monica E. June 27, 2014 18:23:40
Officials felt a new set of regulations was needed to better control the cash flow in the world’s largest gambling hub. Luxury casinos and hotels, special tables for high-rollers and everything a true gambler’s heart could desire. Over the past few years, Macau has drawn a record number of players from all over the world […]
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. […]
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 […]
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