"Macau" Tag Results

By Tomas Medon

Macau Casino Licenses Attract Seven Bidders

September 15, 2022

The government of Macau said on Wednesday that seven different businesses have submitted bids for new casino licenses in the world’s largest gambling center. Casino gambling is only available in China’s special istrative zone of Macau. This makes it the only site in the nation where locals can play freely. It is therefore a lucrative […]

By Tomas Medon

Macau Getting Ready for New Casinos Bids

July 28, 2022

The government of Macau, which is home to the largest concentration of casinos in the world, said on Wednesday that it has established a committee to evaluate prospective applicants for additional casino licenses. The selection of winners is scheduled to take place before the end of the year. Macau’s Chief of Justice, Cheong Weng Chon, […]

By Tomas Medon

Macau Casinos Shut Down Amid Intensifying COVID Wave

July 12, 2022

For the first time in more than two years, Macau has taken the unprecedented step of closing all its casinos. The authorities are working hard to suppress the worst coronavirus epidemic they’ve seen to date in the region which happens to be the most prominent gambling center on the planet. Naturally, this has caused the […]

By Tomas Medon

Macau Gambling Law Reform Could Change Value of Casino Chips

May 12, 2022

The Chinese Special istrative Region (SAR) of Macau is on the verge of implementing more changes in the way it operates. Whereas casinos used to be the major source of revenue, the region’s government is seeking other ways to generate cash. If things stay on the same trajectory, the city will soon implement new gaming […]

By Tomas Medon

Gaming Association Calls for Extension of Macau Licenses

September 1, 2020

It goes without saying that Macau has been one of the hardest-hit gaming and entertainment territories on the planet. For many of the businesses in the region, 2020 has been all about huge losses whose effects will still be felt for the foreseeable future. To make it even worse, we are fast approaching 2022 when […]

By Grant Mahon

No Tax Breaks for Macau Casino Operators

February 25, 2020

The recent coronavirus outbreak in China recently saw to the temporary suspension of casino operations in the city of Macau. This move was intended to mitigate against the possible spread of the virus after 10 people in the region were infected after the outbreak. Fortunately, the temporary shut down seems to have served its purpose […]

By Tomas Medon

Macau Casinos to Shut Down as Coronavirus Containment Efforts Intensify

February 4, 2020

Macau has been one of the places that have taken the biggest hit due to the outbreak of the coronavirus in China. The sluggish start for the gambling hub was evident right at the beginning of the year and it was hoped that things would quickly get back to normal. Unfortunately, this has not happened. […]

By Elaine West

Sluggish Start for Macau in 2020

January 7, 2020

According to local law enforcement officials, there were over 39 million visitors to the city of Macau in 2020. This represented a 10 percent increase over the number of tourists that visited the city in the previous year. Needless to say, these figures were very impressive and were a strong indicator of the city’s resilience […]

By Tomas Medon

Dull Projections for Macau’s GGR in 2020

November 19, 2019

Macau has long been considered one of the most lucrative gambling markets in the world. There have, of course, been a few setbacks but the gaming territory has managed to recover almost each and every time. Despite that, stakeholders in the territory’s gambling business who are hoping to make some money in 2020 may have […]

By Ameana Jones

Macau Gambling Revenue Falls 8.6 Percent in August

September 3, 2019

The month of August saw the fastest decline in Macau gambling revenue in 2019 with the territories gross gaming revenues seeing the biggest year-on-year decline. According to a recent report from the Macau Gaming Inspection and Coordination Bureau (DICJ), revenue dropped 8.6 percent to 24.262 billion patacas (US$3.032 billion). The data released in the DICJ […]