Search Results for: Macau casino concessionaires
Macau GGR in 2023 at $22 billion, marks 334% year-on-year increase
January 2, 2024
Gross gaming revenue (GGR) in Macau reached MOP$183.1 billion (US$22.7 billion) in 2023, a startling 334% annual increase and a st...
Macau welcomed 28 million visitors in 2023, reaches new post-pandemic record
January 2, 2024
As to the first data provided by the Macau Government Tourism Office (MGTO), Macau's tourism industry concluded 2023 with great su...
Analysts note high-rollers visits Macau more frequently, engages in increased gambling activities
December 22, 2023
A report from Morgan Stanley Asia Ltd. describes how its analysis team visited the casino hub recently and found that high-end pla...
Sector rep calls Macau junket credit ban “a huge blow”
December 20, 2023
"Huge blow" is how U Io Hung, the head of the Macau Gaming Promoter Professionals Association, described the local government's le...
Analyst predicts Melco Resorts to outgrow rival Macau concessionaires in 2024
December 19, 2023
Joseph Greff, an analyst at JPMorgan, believes that Melco Resorts & Entertainment would likely surpass its rival Macau concess...
Macau gov’t proposes ban on licensed junkets extending credits to gamblers
December 18, 2023
The Macau government is pushing for substantial changes to the regulations that govern the gambling sector. One such proposal is t...
Macau concessionaires plans Christmas events in six old districts
December 13, 2023
The Christmas season festivities in six historical locations have been organized by the Macau Special Administrative Region (SAR) ...
Macau projected to receive up to 28 million visitors by end of 2023
December 12, 2023
After more than 25 million tourists arrived in the first 11 months of this year, Macau's Secretary for Economy and Finance, Lei Wa...
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...
Alvin Chau’s legal battle takes new turn as Macau Prosecutor’s Office files appeal
November 22, 2023
The former chairman of the now-defunct junket operator Suncity Group, Alvin Chau, is the subject of an appeal that the Macau Prose...