Search Results for: Macau's concessionaires
Cotai Arena now closed for renovations
January 12, 2024
In response to GGRAsia's inquiry, the Venetian Macao casino resort in Macau's Cotai area acknowledged that the Cotai Arena is curr...
Minimum ratio of local staff employed by each Macau concessionaire set at 85%
January 10, 2024
At a plenary session of the Legislative Assembly, Macau's Secretary for Economy and Finance, Lei Wai Nong, declared that every gam...
Count of licensed junkets in Macau in 2024 reduced from 36 to 18
January 3, 2024
The Gaming Inspection and Coordination Bureau (DICJ) reports that there are just 18 licensed junkets in Macau, which is exactly ha...
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...
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...
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 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...
Goldman Sachs says Sands, Wynn offering attractive prices for growth stocks trading
December 12, 2023
New research from Goldman Sachs suggests that investors interested in reasonably priced growth equities in the consumer discretion...
Miriam Adelson $2 billion sale of Las Vegas Sands stock won’t affect Sands China unit.
December 1, 2023
The market plummeted earlier this week after Dr. Miriam Adelson disclosed a $2 billion sale of Las Vegas Sands shares. One analyst...