Search Results for: Macau Industry
Macau Hotel Industry Rebounds with US$1 Billion Profit in 2023
September 16, 2024
Macau's hotel industry has experienced a remarkable turnaround, posting a profit of MOP$8.18 billion (US$1.02 billion) in 2023, ac...
Macau’s MICE Industry Sees Growth, Eyes Diversification
May 29, 2024
The Macau industry for meetings, incentives, conferences, and exhibitions, or MICE, is showing signs of expansion. In the first qu...
Macau Aims for Economic Diversification as Gaming Industry Share Stabilizes
May 21, 2024
The gaming sector in Macau is still a major driver of the local economy, although the government is moving to lessen its dependenc...
Macau’s gaming industry expected to further strengthen as market continues recovery through 2024
March 14, 2024
In a letter on Wednesday, CBRE Capital Advisors Inc. said that as the market continues to rise through 2024, credit fundamentals i...
Number of Macau employees in gaming industry down by 3,600 q-o-q
January 29, 2024
As per the latest data released by the Statistics and Census Service (DSEC), the quantity of Macau citizens working in the gaming ...
Macau’s casino industry reports 3,431 STRs marking highest number since 2006
January 15, 2024
According to data from Macau's Financial Intelligence Office, the casino industry filed 3,431 suspicious transaction reports (STRs...
Industry veterans say Macau junkets lost interest due to high costs, strict regulations
January 5, 2024
U Io Hung and Kwok Chi Chung, two seasoned veterans of Macau junkets, claim that just three out of the eighteen gaming promoters, ...
Macau labour group advocates for employee licensing, professional accreditation in gaming industry
December 29, 2023
A local labor group representing young workers in Macau, the Macao Association of Young Employees in the Gaming Industry, has prop...
Citigroup optimistic about growth prospects for Macau’s casino industry in 2024
December 5, 2023
Citigroup is upbeat about the expansion prospects of the Macau casino industry in 2024, citing the outstanding achievements of the...
Macau’s casino industry EBITDA for 3Q above 2019 levels
November 16, 2023
In the third quarter, Macau's casino sector had a higher industry-wide margin for property profits before interest, taxes, depreci...