Search Results for: macau's ggr
Macau gov’t asks casino operators to raise worker compensation
November 23, 2023
The Secretary for Economy and Finance of Macau, Lei Wai Nong, has requested that if certain "conditions" are satisfied, the casino...
Macau gov’t explores ways to tackle unauthorized money exchange activities
November 22, 2023
The Macau government is now considering ways to stop illegal money exchange operations, which are common on casino floors and in t...
Melco poised to navigate careful course in managing spending
November 21, 2023
S&P Global Ratings states that Melco Resorts & Entertainment Ltd., a casino operator, will control its spending carefully ...
Macau market reveal positive trends in premium mass gaming sector
November 20, 2023
The most recent market evaluations of Macau by Citigroup show significant positive trends in the premium mass gaming sector. Novem...
Macau continues to see a robust recovery in fiscal revenue from gaming taxes
November 17, 2023
The fiscal revenue of the Macau government from casino taxes is increasing; during the first ten months of 2023, MOP51.55 billion ...
Moody’s revises outlook on SJM, Melco from ‘negative’ to ‘stable’
November 17, 2023
"SJM Holdings Ltd., a Macau casino operator, and a collection of companies controlled by Melco Resorts & Entertainment Ltd. ha...
SJM Holdings reports loss US$ 53 million as Grand Lisboa outshines Cotai IR
November 15, 2023
The operator of Macau's casinos, SJM Holdings, reported a loss for the three months ended September 30, 2023, of HK$410 million (U...
JP Morgan “not worried” by correction in Macau casino stock prices
November 13, 2023
According to JP Morgan Securities, as of Friday's close, the value of casino stocks in Macau had decreased by 2.5% to $12.7%. The ...
Guangdong court reminds on combating cross-border gambling crimes
November 13, 2023
A press announcement from a higher court in Guangdong, mainland China, highlighted "seven classic cases" of combatting cross-borde...
MGM China set to upgrade premium gaming, accommodation spaces
November 10, 2023
MGM China intends to undertake substantial renovations to the high-end gambling and lodging sections of MGM Macau and MGM Cotai, t...