Search Results for: Macau casino concessionaires
Las Vegas Sands Seen Benefiting from China Easing COVID Restrictions
January 5, 2023
Few US companies are on par with Las Vegas Sands (NYSE: LVS) to reap rewards from China relaxing its zero-COVID policy, and Wall S...
Government Requires Potential Junkets to Pay a US$187k Guarantee
January 2, 2023
According to a message from the city's Secretary for Economy and Finance, Lei Wai Nong, casino junket operators in Macau will each...
Paradise Entertainment banking on VIP demise, SJM concession
September 23, 2022
Macau’s new gaming law gives hope to Paradise Entertainment as the demise of VIP prompts demand for EGM. The company’s financi...
Minimum table, slot revenue requirement of MOP$45.6 billion for 2023 reflects government’s lack of optimism: expert
August 31, 2022
The Macau government last week announced its limit on the total number of gaming tables and slot machines to be permitted citywide...
Melco Resorts sees Q2 revenue plunge 48%
August 19, 2022
Melco Resorts and Entertainment has published its unaudited financial results for Q2 2022.
Total operating revenue fell to $296...
New junkets: “different” or “obsolete”?
August 1, 2022
The main changes that could come from the laws currently under review: an end to dedicated junket rooms in Macau’s casinos and a...
Death by a thousand cuts
July 11, 2022
The amendment to the Gaming Law has finally been approved, ending a troubled process that began nine months earlier with the laun...
CSR PROPOSALS, ATTRACTING NON-CHINESE BETTORS KEY IN BIDDING PROCESS
July 6, 2022
In a recent set of executive regulations, the government has updated the stipulations regarding the bidding process for casino li...
The Gaming Law must be passed by 26 June and the new concessions by 31 December? Apparently not
May 31, 2022
Must the new Gaming Law be passed by 26 June? And must the new concessions be signed by 31 December? Despite that being the preva...
Gaming entering ‘different cycle’ aligned to China’s interests – Consultant
April 28, 2022
The consultant for Macau gambling operator Sociedade de Jogos de Macau (SJM), Rui Cunha, says that gambling in the territory is e...