Search Results for: Macau casino concessionaires
Macau’s Gaming Tax Revenue on the Rise in First Half of 2024
June 18, 2024
With gaming tax revenue rising in the first five months of 2024, Macau's casino industry is showing signs of a major comeback. Gam...
Macau Cracks Down on Free Casino Snacks to Help Local Businesses
June 13, 2024
The owners of Macau's casinos are under pressure from the government to reduce or stop providing free food to patrons.
This progr...
Macau Gaming Revenue Soars, Eyes Record in May
May 21, 2024
Due to a strong gain over the past week, Citigroup analysts have upgraded their May gross gaming revenue (GGR) projection, reflect...
TurboJET Partners with Macau Casinos to Revitalize Ferry Services Post-Pandemic
May 7, 2024
The main ferry operator in Macau, TurboJET, has announced its strategic plan to work with the six top gaming concessionaires in th...
Macau’s Concessionaires Introduce New High-Odds Baccarat Side Bet
May 2, 2024
A new baccarat side bet with enticing odds of up to 50/1 is about to be introduced to Macau's casino sector, pending approval from...
CLSA raises its 2024 gross gaming revenue forecast for Macau
April 8, 2024
Global stockbroker CLSA has increased its forecast of Macau's gross gaming revenue (GGR) to $30.3 billion by 3.5% for 2024. The re...
Macau encourages concessionaires to use RFID technology
March 27, 2024
Lei Wai Nong, Macau's Secretary for Economy and Finance, approved the government's recommendation on Tuesday to urge concessionair...
Macau records gaming tax revenue of $926 million in February
March 11, 2024
The Macau SAR Government received MOP$7.46 billion (US$926 million) in gaming tax revenue in February, according to the Financial ...
Legal experts suggest need to reevaluate Macau’s new gambling law
February 27, 2024
The "Law to Combat Gambling Crimes," a proposed bill that has been hailed by local authorities as a means of reducing the suscepti...
Fitch describes likelihood of further improvement to Macau’s concessionaires ratings as “constrained”
February 22, 2024
The likelihood of further improvement in Macau's concessionaires' ratings was categorized as "constrained" by Fitch Ratings on Thu...